SCMDOJO

OCTOBER 28, 2024

Quality Assurance: S&OP can help ensure that suppliers meet the quality standards required for new products, preventing costly recalls or product failures. Moreover, S&OP fosters a sense of shared responsibility for quality across the organization and its suppliers. Keep Reading to unlock a 50% discount code!

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

SCMDOJO

MAY 10, 2023

However, the success of an ERP system largely depends on the quality of its master data. Poor quality master data can lead to errors, delays, and inconsistencies, which can have serious implications for an organization’s bottom line. These systems help organizations to manage their resources more efficiently and effectively.

Quality 124

Quality Data Supply Chain Optimization Supply Chain Efficiency 124

Procurement Templates

NOVEMBER 21, 2024

Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. Explore Emerging Tech: Understand blockchain’s role in tracking and IoT for inventory management. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., Coursera, LinkedIn Learning).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Supply Chain Game Changer

AUGUST 16, 2022

In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. On top of the annual inventory count there were ongoing manual cycle counts throughout the entire year. An Inventory Control History.

Inventory control 124

Inventory control Inventory Agile and Lean Supply Chain Supply Chain Efficiency 124

Finale Inventory

JANUARY 27, 2025

Introduction Radio Frequency Identification (RFID) technology has revolutionized how businesses track and manage their inventory, offering unprecedented accuracy and efficiency for small to medium-sized eCommerce and retail operations. Modern businesses require real-time visibility into their stock levels, locations, and movements.

Inventory 52

Inventory Real-time Visibility Management supply chain software solutions 52

Finale Inventory

FEBRUARY 19, 2024

This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods.

Inventory 105

Inventory Real-time Visibility Management Quality 105

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory 98

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 98

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory 111

Inventory Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 111

SCMDOJO

JANUARY 22, 2025

DOH (Days of Inventory on Hand) Definition Inventory days on hand refer to the average number of days that inventory can be used to fulfill customer demand before requiring replenishment. Inventory management organizes stock control from manufacturing to distribution/warehouses and onward to sales locations.

Supply Chain Optimization 90

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 90

IBM Supply Chain Blog

MARCH 22, 2024

Quality Assurance (QA) is a critical component of the software development lifecycle, aiming to ensure that software products meet specified quality standards before release. However, various challenges arise in the QA domain that affect test case inventory, test case automation and defect volume.

Quality 74

Quality Inventory Risk Strategy 74

Supply Chain Trend

JANUARY 22, 2023

Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. Decision Quality If we make decisions, we want to have some decision quality. If not, the decision quality is near zero. So, what’s that?

Quality 88

Quality Inventory Demand Planning Influencing 88

SCMDOJO

OCTOBER 23, 2024

While edX is a well-known general online learning platform that offers a broad range of courses, SCMDOJO is a dedicated platform solely focused on providing high-quality education and resources for supply chain professionals. Save $49 and Optimize Your Indirect Procurement Functions Now!

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 93

SCMDOJO

DECEMBER 29, 2024

12 Useful Websites to Help You Liquidate Inventory and Make Money This blog post is about websites that can help you sell excess inventory and convert it into cash. However, liquidation involves selling excess or unwanted inventory to convert it into cash.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory 98

Inventory Sustainability Raw materials Supply Chain Optimization 98

Supply Chain Game Changer

AUGUST 24, 2022

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Inventory 93

Inventory Management Supply Chain Efficiency Supply Chain Optimization 93

Procurement Tactics

JUNE 8, 2023

Additionally, it allows for the analysis of hypothetical situations, enabling the optimization of operations to decrease costs, enhance service quality, and increase responsiveness. Inventory planning One of the most challenging aspects of supply chain management is inventory planning and management.

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Procurement Tactics

JULY 23, 2023

It focuses on making things better by improving quality, getting rid of waste, and making processes more efficient. Edwards Deming, an American expert in quality management. In the 1950s, Deming introduced statistical process control methods to Japan, emphasizing the importance of quality and continuous improvement.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Procurement Insights

MARCH 23, 2025

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Impact: Mechanism: ProcureTech tools (e.g.,

Real-time Visibility 52

Real-time Visibility Quality Supply Chain Efficiency Collaboration 52

Procurement Tactics

MAY 22, 2023

To achieve this goal, it involves the use of advanced technologies, such as automated inventory management systems, transportation management software, and data analytics tools, to monitor and manage the entire supply chain in real-time. Advantages of Integrated Logistics 1.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

JANUARY 23, 2023

In addition to such tangible benefits, a transport management system gives companies more visibility into their operations, providing an accurate view of inventory levels at all times so managers can make better decisions about what product needs to be replenished. Is It Worth It To Invest in a Transport Management System?

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

Procurement Tactics

OCTOBER 5, 2022

The quality of the products and services sold should continuously improve to keep up with the expectations of the customers. . Inventory turnover. This metric will reveal insights that will help you know about the times your entire inventory is sold over a specific period. . This performance indicator is quite rare.

Supply Chain Efficiency 194

Supply Chain Efficiency Supply chain Supply Chain KPIs Supply 194

Planergy

MARCH 12, 2025

Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement Supply Chain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring? As such, you end up with better quality and compliance and shorter timelines.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

Finale Inventory

JANUARY 27, 2025

Without proper upc check procedures, businesses risk inventory tracking errors, rejected shipments, and lost sales opportunities. If even one item has an invalid UPC, it could trigger a cascade of problems – from incorrect inventory counts to purchase order discrepancies.

Inventory 52

Inventory Supply Chain Efficiency supply chain software solutions Data 52

Finale Inventory

JANUARY 27, 2025

Introduction Modern warehouse operations demand precision, speed, and real-time visibility – qualities that a well-implemented warehouse barcode scanner system delivers with remarkable consistency. These systems serve as the eyes and hands of inventory control, transforming physical products into trackable digital assets.

Real-time Visibility 52

Real-time Visibility Warehouse operations Inventory Data 52

Arkestro

DECEMBER 5, 2024

The technological advances that power Predictive Procurement make it a natural fit for fast-paced industries like high-tech manufacturing , which require high levels of precision, speed, and quality to meet exacting standards and regulations. In short, it is revolutionizing nearly every aspect of high-tech manufacturing.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

Procurement Tactics

NOVEMBER 29, 2022

We will tell you about MRO purchasing and MRO inventory management. MRO Inventory Management – What is it and Why is it Important? MRO inventory management refers to the acquisition, storage, usage, and replenishment of all products that fall under the MRO inventory. . Challenges in MRO Inventory Management.

Procurement 168

Procurement Inventory Purchasing Procurement strategies 168

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. However, another fantastic thing about this course is that it is FREE. Head over to the course to be a pro at production and operations management.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

SCMDOJO

OCTOBER 7, 2022

Logistics is the central system that controls physical inventory flow in a supply chain. Attribute 4 – Quality related Logistics KPIs. Helps in scrutinizing which inventory management method to adopt. One drawback of Cost KPIs is that it is inversely proportionate to Quality KPIs. Key Performing Indicators. Conclusion.

Logistics 137

Logistics Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 137

Procurement Tactics

SEPTEMBER 8, 2022

Thus, requires a system to support real-time inventory reporting, purchasing, and electronic document transmission. It is necessary to make supplier selections based on the current purchase time, quantity, and quality. . Its most important role in the business is to coordinate with other processes and cut costs. Order Monitoring.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Jaggaer

OCTOBER 24, 2024

Your procurement professionals focus on working closely with suppliers to identify opportunities for cost savings without compromising product quality or delivery timelines. Collaboration in areas such as joint demand forecasting and inventory management can lead to reduced operating costs, minimizing waste and excess inventory.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Procurement Tactics

MAY 30, 2023

Additionally, you will know the qualities of a procurement manager that will help you to choose the right one to be a part of your business. Additionally, procurement managers ensure that the goods and services acquired by the organization meet the required quality standards. What is a Procurement Manager?

Management 178

Management supply chain budgeting Procurement Negotiation 178

Finale Inventory

SEPTEMBER 19, 2024

Maintaining effective inventory control is vital for businesses operating in the ecommerce sector. By implementing the right strategies and utilizing the right tools, such as Finale Inventory, businesses can optimize their inventory management processes and experience improved productivity and profitability.

Inventory control 52

Inventory control Inventory Strategy Real-time Visibility 52

SCMDOJO

FEBRUARY 6, 2024

One of the essential steps to reduce the lead time is to manage inventories in every form like raw material, semi-finished products, and final goods. Experts define inventory as a necessary evil. Therefore, it is essential to manage accurate inventory. However, inventory variation is a common scenario in a practical situation.

Supply Chain Efficiency 105

Supply Chain Efficiency Inventory e2e supply chain software solutions 105

SCMDOJO

JANUARY 22, 2025

Receiving: This crucial stage involves the efficient offloading of goods from incoming trucks, conducting thorough inspections to ensure quality and quantity accuracy, and accurately documenting the receipt of inventory. Return Rate: Percentage of products returned by customers due to quality issues.

Logistics 52

Logistics Supply Chain Efficiency supply chain budgeting Order Fulfillment 52

Let's Talk Supply Chain

MARCH 6, 2025

leveraging advanced algorithms and predictive analytics, organizations can optimize inventory management, streamline logistics, and mitigate disruptions. With the adoption of machine learning in pharmaceutical logistics, companies can benefit from real-time insights, ‍proactive problem-solving, and better inventory management.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization Agile and Lean Supply Chain 52

Procurement Tactics

NOVEMBER 28, 2022

When a business is cost-efficient, it can provide high-quality services to its customers while maintaining high-profit margins and preventing overspending. . To simplify, cost-efficiency talks about how businesses can deliver projects or services at the lowest price possible without compromising quality. What is cost-efficiency?

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Inventory Budget 130