Remove Inventory control Remove Supply Chain KPIs Remove Supply chain management
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Supply Chain Department – A Typical Structure

SCMDOJO

Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs. By implementing inventory control techniques, such as just-in-time (JIT) or vendor-managed inventory (VMI), businesses can optimize inventory levels and improve cash flow.

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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. Let’s continue reading to explore ways to improve cost efficiency.