Materials Management Archives

16 Dec

Inventory Management, Supply Chain Management

Materials Management Objectives: A Strategic Approach

In today’s competitive business landscape, highlighting efficient materials management objectives is a critical step to be performed and achieved. Materials Management Objectives- Primary &

29 Jul

Inventory Management, Supply Chain 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

05 Mar

Supply Chain Management, Supply Chain Strategy

Top 18 Supply Chain KPIs for the Supply Chain Team

In today’s business landscape, a company’s supply chain is its undeniable backbone. Most supply chain teams rely on various Supply Chain KPIs. The supply chain represents a dynamic

10 Feb

Supply Chain Management, Supply Chain Strategy, Tools

Supply 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

23 Mar

Career Advice, Supply Chain Management

33 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

18 Jan

Inventory Management

7 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

22 May

Inventory Management

12 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

20 Apr

Inventory Management, Logistics, Supply Chain Management

INVENTORY 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

08 Mar