Excess & Obsolete inventory is the most common problem in supply chain. However, Excess inventory does not have to become a liability. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. Thanks to consistent technological advancement, it is now possible… Continue reading
The importance of effective supply chain leadership in the success of a business is clearly more defined nowadays. Whether you run a small, medium or multi-national/conglomerate across the globe, you need a supply chain leadership style that will effectively cover the end to end supply chain and motivate people. Leadership itself is complex and very… Continue reading
Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the sum total of expenses which a company acquires as a result of storage. The costs include taxes, insurance, cost of obsolesce, shrinkage, warehouse, damage and relocation. As long there is… Continue reading
On Linkedin, some followers have asked me if I can do some research and recommend Top 30 Supply Chain Management Degree Programmes in the USA. Given I have recommended Top 6 Masters in Supply Chain Management in UK and also Top 23 European Masters in Supply Chain Management. Historically I have seen people used to… Continue reading
We all know the importance of demand forecasting in the supply chain, but the question people mostly ask which of the many forecasting methods is best suited for us? In my experience, Made-to-stock business has to forecast because that’s how they decide what to build. If there is no forecast and you are buying from… Continue reading
Do you know the importance of inventory management? I am sure most of you will say yes! But do you know the full range of benefits. Inventory management enhances business operations with the effective flow of goods and services. Inventory Management and control implies the controlling of business stock or controlling the movement of products… Continue reading
First and Foremost, Happy New Year to you all from SCMDOJO! “The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty.” – Winston Churchill This was the key message for me in 2018. During 2018, I made the biggest change by rebranding from Muddassir to SCMDOJO to move from a single… Continue reading
From the early assembly lines to cutting-edge robotic systems, the continually evolving supply chain technologies is Shaping the present and the future. Most recent trends in supply chain technologies focus on a smart, tech-driven solution to decrease operating costs and improve efficiency. These changes are based on leading supply chain establishments having immediate adoption and… Continue reading
Amongst the big issues killing any business valuation is the volume of inventory at hand that is placed as excess and obsolete. Excess and obsolete inventory is the outcome from several problems that ensue due to “a series of unplanned proceedings”, and often extends to many functions. For a typical business, the excess and obsolete… Continue reading
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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