Procurement Tactics

MARCH 27, 2023

Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere. However, having too much means paying unnecessary high costs for your inventory. Thus, this approach is only best for inventory control for low order volume.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Agile and Lean Supply Chain 192

SCMDOJO

MARCH 19, 2024

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Supply Chain Game Changer

NOVEMBER 12, 2018

Supply/Demand Planning. The inputs to your SIOP (Sales, Inventory and Operations Planning) process, as well as your MRP system, determine the amount of inventory you plan to order from your suppliers in order to meet that demand. Thus we would be able to make a rapid dent in our Inventory levels.

Inventory 45

Inventory Management Agile and Lean Supply Chain Raw materials 45