Materials Management Archives - Page 2 of 3

21 Feb

Career Advice, Inventory Management

What Is Inventory Management? (14 Key Benefits)

Inventory Management Definition Inventory management is the day-to-day control of stock—making sure the right items are accurate, available, and in the right location at the

20 Nov

Inventory Management

Excess 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

31 Aug

Inventory Management

Inventory Rationalization: Observations made, lessons learned. [Expert View]

Definition: Inventory Rationalization The action of attempting to explain or justify behavior or an attitude with logical reasons, even if these are not appropriate. The

21 Apr

Inventory Management

Importance of Stocktaking – 7 Proven Advantages Which Defines the Purpose of Stocktaking for Your Business

In last 13 years, I have been conducting stocktaking every year. When I started as a graduate I was not really aware of the purpose

Inventory Management, Logistics

6 Benefits of ABC Analysis

Get Excess and Obsolete Inventory Policy Dr. Muddassir Ahmed, Ph.D About the Author- Dr Muddassir Ahmed Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is

07 Apr

Career Advice

Top 5 Materials Management Books Every SCM Professional Must Read

With any upward professional discipline like SCM, there will at all times be the need for Materials Management books and publications that are both astute

08 Jan

Management Science

5 Reasons Why Machine Learning Forecasting Is Better Than Traditional Forecasting Techniques

Machine Learning Forecasting is attracting an essential role in several significant data initiatives today. Year ago, I have mentioned machine learning as top 7 future

Inventory Management

ABC Analysis in Inventory Management

Get Excess and Obsolete Inventory Policy Dr. Muddassir Ahmed, Ph.D About the Author- Dr Muddassir Ahmed Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is

10 Sep

Supply Chain Management

6 Reasons Why It Is Important to Understand Expected Customer Lead Time

Customer Lead Time is unquestionably a buzz word in today’s fast paced business environment, and everyone involved needs an in-depth understanding as to why it

03 Sep