Tag: Materials Management
What is Economic Order Quantity & its Advantages
Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory
Read MoreTop 18 Supply Chain KPIs for the Supply Chain Team
In today’s business landscape, the undeniable backbone of any company is its supply chain, with most supply chain teams relying on various Supply Chain KPIs.
Read MoreSupply Chain Maturity Model – Basics You Must Know
There are quite a few supply chain maturity models. These models attempt to drive best practices in Supply Chain Management. One basic idea behind the
Read More33 Best Supply Chain Resources & Tools That Help You Learn & Grow
In this day and age, you have instant access to the right tools and information on supply chain and logistics management. How to find the
Read More7 Rock-Solid Inventory Management KPIs Proven to Control Your Inventory
Every business person understands that the essence of inventory in the running of a business is huge and should not be overlooked. The reason for
Read More12 Useful Websites to Help You Liquidate Inventory and Make Money
Liquidating excess and obsolete inventory is a common issue in supply chain management. Fortunately, it doesn’t have to be a liability. Instead of letting excess
Read MoreINVENTORY CARRYING COST – 9 PAINFUL CONTRIBUTORS YOU SHOULD TRACK
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
Read More14 TESTED DEMAND FORECASTING METHODS YOU NEED
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
Read MoreImportance of Inventory Management – 14 Awesome Benefits You should know
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
Read MoreExcess and Obsolete Inventory Is Killing Your Business – 9 Ways You Can Survive
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
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