SCMDOJO

AUGUST 10, 2024

This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads.

Supply Chain Efficiency 98

Supply Chain Efficiency Logistics Strategy supply chain budgeting 98

Finale Inventory

AUGUST 22, 2024

Understanding the Basics of COGS COGS, or Cost of Goods Sold, is a fundamental concept in accounting and finance that influences a business’s profitability. It refers to the direct costs incurred in the production or acquisition of goods sold by a business. We will also discuss strategies to reduce COGS and enhance profits.

Raw materials 52

Raw materials Inventory Supply Chain Optimization Supply Chain Efficiency 52

Finale Inventory

AUGUST 22, 2024

They form the backbone of your supply chain, ensuring a consistent and uninterrupted flow of goods. Reliable suppliers also minimize the risk of delays, product shortages, and other supply chain disruptions that could negatively impact your business.

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Experienced developers are leaning on generative AI to advance complex coding tasks more efficiently.

Data 118

Data Ethics Quality Project management 118

Finale Inventory

JULY 29, 2024

A dealer acts as an intermediary within the supply chain, connecting manufacturers or distributors with end customers. Operating across various industries such as automotive, electronics, or consumer goods, dealers are key in bringing products to the market. Defining the Terms: Dealer and Distributor What is a Dealer?

Inventory 52

Inventory Supply Chain Efficiency Vendor relationships Supply Chain Optimization 52

Finale Inventory

JULY 23, 2024

Inventory represents the goods or products a company holds for sale, raw materials used in production, or work-in-progress items. Inventory management goes beyond just keeping track of physical goods; it involves strategic planning to optimize cash flow and ensure efficient operations.

Inventory 52

Inventory Raw materials Supply Chain Optimization Supply Chain Efficiency 52

Finale Inventory

JULY 21, 2024

Other factors, such as economies of scale and production efficiency, can also affect the overall cost of manufacturing. For example, higher production volumes can lead to lower per-unit costs due to economies of scale. Efficient supply chain management practices can help reduce direct materials costs.

Raw materials 52

Raw materials Price supply chain budgeting Inventory 52