Remove Inventory control Remove Order Fulfillment Remove Raw materials
article thumbnail

Inventory Management — Everything You Should Know

Procurement Tactics

What is Inventory Management? Inventory management refers to the process of handling a company’s inventory, which includes raw materials, parts, and finished products. It also includes ordering, storing, using, and selling these items. So, without further ado, let us now start!

Inventory 187
article thumbnail

What is Supply Chain Management? A Guide to Success

SCMDOJO

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

Delve deeper into our blogs to see the full journey, from raw materials to your doorstep! Order Processing: Another critical function of the logistics department is order processing. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

article thumbnail

Types of Autonomous Mobile Robots (AMRs) and Their Use in Warehousing!

Supply Chain Game Changer

Transporting raw materials, work in progress, and finished goods within a warehouse are low-skill tasks. AMRs can be used for transporting raw materials from the warehouse to the production line. Warehouses can also use HighTilt-Bot sorter AMRs for order fulfillment and kitting.

article thumbnail

Lead Time – The Ultimate Guide!

Supply Chain Game Changer

In this guide, you’ll find everything you need to know about lead time and how to use it to optimize your order fulfillment. Lead time is the length of time it takes from when a purchase order is generated to when an item is delivered. Materials order time: The factory orders the raw materials it needs to produce your order.

article thumbnail

What’s the Difference Between Logistics and Distribution?

Supply Chain Game Changer

Techopedia defines Logistics as, “Logistics management is a supply chain management component that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information , goods and services from origin to destination. ” [link]. ” [link]. Distribution.

article thumbnail

The Difference Between Logistics and Supply Chain

NLPA (Next Level Purchasing Association)

Understanding Supply Chain Management (SCM) Supply Chain Management (SCM) refers to the broad oversight of the entire flow of goods and services, from the very beginning (raw materials) to the very end (reaching the customer). It ensures the smooth and efficient flow of physical goods from one point in the supply chain to another.