Archives
11 Vital Components of Material Management Technical Competencies to Master
When I started my blogging I wrote a blog on 8 Technical Supply Chain Competencies in Nov 2015. It was pretty basic and was more
Read More13 Operations Management Books Every Supply Chain Professional Should Read
There are so many different facets of Operations Management books recommended to every supply chain professional; it can be awe-inspiring when it comes to really
Read More18 Targeted Inventory Reduction Strategies for Supply Chain Professionals
Inventory comprises an important part of current assets, particularly in the manufacturing industry. A lot of cash flow is committed to inventories so as to
Read MoreVendor Managed Inventory: A Comprehensive Guide
Vendor Managed Inventory (VMI) optimizes the supply chain through collaboration between buyer and supplier, enhancing efficiency and cost savings. Given the disruptive nature of supply
Read MoreSafety Stock Formulas & Calculation- The Ultimate Guide
Before we talk about the safety stock formulas and safety stock calculations, we need to understand the use of safety stocks. Definition of Safety Stock
Read MoreThe 12 Great Online Supply Chain Courses in 2024
Modern-day Supply Chain Professionals are expected to be competent in a number of skills, including analytical skills, supply chain modelling, devising supply chain strategy, strategic
Read MoreTRAVELING SALESMAN PROBLEM & THE 8 “RIGHTS” OF LOGISTICS
The supply and distribution is a complex and above all costly procedure. Many organisations fail to save these expenses due to lack of proper planning.
Read MoreThe ABC-XYZ Inventory Management Model – Align Planning Parameter with Business Goals
Why Consider Inventory Management Model? One of the leading problems in SCM is the optimization of inventory. Inventory is actually a consequence of other business parameters
Read More5 Reason why Your Finance Manager is Amongst Your Key Supply Chain Stakeholders
As most of us know, finance is an important function to any organisation as the company has to know how viable its balance sheet and
Read More6 Basic Benefits to Adapting ABC Analysis of Inventory
Inventory management is a critical task of tracking the flow of goods in and out of the inventory. As an inventory planner/manager you want to
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