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Shortage vs. Surplus: Causes and Definitions

Finale Inventory

Supplier Constraints. You likely have to work with a supplier for at least some part of your product. Sometimes, a supplier can cause issues in your workflow that end with you having an inventory surplus. It could be because the supplier is unreliable or they ran into an issue out of their control with the supplies they need.

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What is a Sourcing Agency and How does it work?

SCMDOJO

Sourcing Agency A sourcing agency is like a helpful middle person between the people buying things and the ones selling them. These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. It makes the job of getting goods and services easier.

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Supply Chain Visibility – An Overcomplicated Challenge!

Supply Chain Game Changer

Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. Supplier pulls from stock

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Process Based Inventory Turnover Improvement!

Supply Chain Game Changer

The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning. The gap in our ERP planning between demand and supply was reduced by 85%, resulting in a significant reduction in over ordering. We established an “A” Class Buying team.

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Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company. Supplier Operating Terms. Lead times were nothing more than standard numbers you would get from a Supplier catalogue or from a Customer Service representative.

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Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company. Supplier Operating Terms. Lead times were nothing more than standard numbers you would get from a Supplier catalogue or from a Customer Service representative.