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Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Optimizing routes in this scenario is also essential because it helps reduce timing.

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Purchase Orders vs Invoices — 7 Key Differences

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

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How to Find the Right Economic Order Quantity

EazyStock

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Can my warehouse and staff manage more frequent purchase cycles?

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Boosting Efficiency: Top 5 Inventory Optimization Strategies

SCMDOJO

Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. Understand your demand.

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Expert Reveals 7 Supply Chain Trends to Watch

Supply Chain Opz

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch.

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6 Essential Provisions in a Supply Chain Contract!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Maintaining quality and brand image in a supply chain can pose a business risk if you’re a manufacturer. Therefore a supply chain contract or sponsorship agreement would be best in such instances. Quantity And Quality Requirements. Subscribe Here!

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