Remove Demand Remove Inventory control Remove Supply Chain KPIs
article thumbnail

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

Moreover, Obsolete inventory damages future stock as well. Watch videos on SCMDOJO’s YouTube channel to learn more about inventory optimization best practices! Demand Forecasting: We perceive that advancing forecasting methods is essential. Implementing inventory control techniques is the best medicine. Click here!

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. If you are responsible for supply chain KPIs, access our Supply Chain KPIs Dashboard !

article thumbnail

Cost Efficiency vs Cost Effectiveness: A Complete Guide

SCMDOJO

Resource Management Cost efficiency focuses on resource management such as inventory controls, supplier negotiation, staff training, and development. Additionally, it enables the verification of the KPI and automates routine processes. To enhance efficiency and drive business growth, businesses strategies to attain results.