Tag: Materials Management
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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
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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
Read More6 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
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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
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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
Read MoreABC 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
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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
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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
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18 Targeted Inventory Reduction Strategies for Supply Chain Professionals
Inventory comprises an important part of current assets, particularly in manufacturing industry. A lot of cash flow is committed to inventories so as to ensure a smooth flow
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Vendor 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
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