SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Finale Inventory

AUGUST 8, 2024

By smartly allocating stock at different levels of the supply chain, MEIO ensures the right products are available at the right time, in the right quantities, and in the right locations. The Basics of MEIO MEIO aims to balance inventory availability and holding costs at each echelon. But what exactly is MEIO?

Supply Chain Optimization 52

Supply Chain Optimization Inventory Real-time Visibility supply chain software solutions 52

Finale Inventory

AUGUST 16, 2024

It also facilitates economies of scale in production, as manufacturers can produce goods in bulk and benefit from lower unit costs. Inventory management in manufacturing involves more than just balancing supply and demand. It requires a thorough understanding of the production process, raw material availability, and lead times.

Inventory 52

Inventory Strategy Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Finale Inventory

JULY 15, 2024

The formula for calculating the inventory turnover ratio is as follows: Inventory Turnover Ratio = COGS / Average Inventory Cost of Goods Sold (COGS): COGS refers to the direct expenses associated with producing or acquiring the goods sold by a business. Optimized turnover ratio enhances supplier relationships and negotiation leverage.

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Finale Inventory

JULY 16, 2024

Effective management of your inventory can lead to increased efficiency, reduced costs, and improved customer satisfaction. Additionally, effective inventory management can help you optimize your supply chain, reduce holding costs, and minimize the risk of obsolescence.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

Supply Chain Game Changer

MAY 19, 2022

Subscribe to Supply Chain Game Changer. With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. There’s a rising demand for raw materials and products and inadequate drivers to ship products. Optimize Routes.

supply chain budgeting 95

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 95

SCMDOJO

NOVEMBER 24, 2023

This article will walk you through the basic understanding of the warehouse management system (WMS), its features, how and where it fits with the supply chain, and different WMS systems. It is highly efficient in manufacturing setup and retail industries as it can track every movement of materials.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96