EazyStock

FEBRUARY 18, 2020

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. Will your supplier even allow more frequent orders? 14 times per year.

Quantity 95

Quantity Inventory Demand Supply Chain Optimization 95

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Supply Chain Game Changer

JANUARY 19, 2022

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Thus, strategic sourcing focuses on analyzing the patterns in the process to make it efficient.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

JUNE 10, 2020

The Covid-19 pandemic has exposed the fact that many supply chains remain inadequately prepared for a crisis. Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Understanding Supplier Risk Management. Product recalls. Regulatory penalties.

Risk management 147

Risk management Risk Suppliers Management 147

Procurement Tactics

JULY 20, 2023

In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. What is a Job Order? Effective Planning Effective planning is where everything starts.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Establishing a frame contract with suppliers for these items ensures a stable and predictable supply.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 98

Supply Chain Game Changer

APRIL 1, 2022

Subscribe to Supply Chain Game Changer. Here we present five important steps for all individuals that are interested in digital supply chain transformation to help you attain success despite the numerous challenges that you are likely to experience. Email Address. What is a Digital Transformation?

Supply Chain Efficiency 128

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 128

Procurement Tactics

JUNE 27, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 10 Best Food Packaging Suppliers In The US — Reviews, Quality, and Pricing The packaging industry in the US shows a positive outlook as the country expects $193.13 growth in 2023.

Quality 191

Quality Price Suppliers Negotiation 191

Supply Chain Opz

JANUARY 7, 2013

Is Apple Supply Chain Really the No. Everything about Apple Inc is the talk of the town, for example, the new Ipad, Iphone, Apple Map or even the environmental and labor issues at its suppliers facilities. Surprisingly, IT research firm Gartner ranks Apple Supply Chain as the best supply chain in the world for 4 years in a row.

Supply Chain Efficiency 111

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 111

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. These risks may include supply chain disruptions and quality issues.

Supplier negotiation 105

Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 105

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Supply Chain Opz

MARCH 6, 2015

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.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Logistics 104

Procurement Tactics

JUNE 22, 2023

A sales order is a confirmation document a supplier/seller issued to the buyer. It is a document that confirms the buyer’s request, including the agreed-upon terms and details such as the prices, quantities, payment method, delivery terms, and any other relevant information. Let’s first understand what a sales order is.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Supply Chain Game Changer

MARCH 16, 2022

Subscribe to Supply Chain Game Changer. Amongst other things a supply chain manager is responsible for ensuring that goods are delivered to the correct destination in a timely manner. In this blog post, we will discuss some of the most common mathematics problems that can impact a supply chain. Forecasting.

Supply Chain Optimization 100

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

SCMDOJO

OCTOBER 3, 2024

In this highly competitive job market, more is needed for students to learn the supply chain theory simply. Due to the quick movement and fast reaction of global logistics, the new generation entering the supply chain industry must learn and master some vital technical and soft skills.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain software solutions Supply chain Supply chain management 98

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

SCMDOJO

NOVEMBER 24, 2023

Additionally, when you need to oversee a considerable number of Stock Keeping Units (SKUs), it is like a nightmare without an efficient tool. 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.

Supply Chain Efficiency 96

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

EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The best way to safeguard your supply chain will be by building resilience into your operations. But ‘back to normal’?

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 98

Supply Chain Game Changer

JANUARY 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. And the standard items are invariably great deals, even if the quantities are larger than you will find in other stores.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 84

SCMDOJO

MAY 20, 2024

Modern supply chains are more efficient and faster than ever before. However, the emergence of technology boosted brands’ access to customers in the first place, and thus, a need for more efficient supply chain practices.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 95

TYA Suite

NOVEMBER 15, 2024

This insightful guide explores how blockchain is impacting , contributing to transparency, security, and efficiency across supply chains. By using blockchain in procurement, businesses can improve transparency, trust, and efficiency across their supply chains, ensuring smoother and more reliable operations.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

EazyStock

MARCH 1, 2023

ABC, ERP, EOQ, JIT… acronyms are everywhere in inventory and supply chain management – including MOQ. MOQ means minimum order quantity. A minimum order quantity is the lowest amount a supplier will accept for an order, which can be units, value or weight. So what does MOQ mean?

Quantity 52

Quantity Inventory Demand Purchasing 52

SCMDOJO

JANUARY 19, 2025

We conclude that different types of loans may help e-commerce supply chains. Grown from the concept of the e-commerce supply chain – end-to-end process from product sourcing through delivery, it has become the determining factor in a business advantage. Here, we get another central point, the capital.

supply chain software solutions 52

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

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. The formula is: PPV = (Actual cost – Standard cost) x Actual quantity An increase in actual costs results in a positive variance, while a decrease in actual costs results in a negative variance.

Price 130

Price Purchasing Raw materials Negotiation 130

Finale Inventory

SEPTEMBER 25, 2024

One key concept in this field is the Economic Order Quantity (EOQ), which helps determine the optimal order quantity for a product that minimizes inventory costs. Adopting EOQ as part of your overall inventory strategy can lead to improved customer satisfaction, increased profitability, and a more streamlined supply chain.

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

SCMDOJO

DECEMBER 18, 2023

This ensures that production processes remain uninterrupted, maximizing overall operational efficiency. Enhancing Profitability: Efficient spare parts management directly impacts a company’s bottom line. When the right spare parts are readily available, equipment downtime is minimized.

Supply Chain Efficiency 94

Supply Chain Efficiency Inventory control Management supply chain budgeting 94

Procurement Tactics

JULY 14, 2022

Procurement tender is very important for the company to carefully select their supplier. Almost all professionals in supply chain and procurement know that it is part of the huge procurement process. A procurement tender is a document that the supplier needs to complete when bidding for a contract. . Download Free PDF.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 5, 2022

Subscribe to Supply Chain Game Changer. The warehouse needs to know the nature and quantity of goods arriving · Storing inventory : goods are received, arranged and stored · Distributing inventory : goods are picked up by carriers to be taken to the consumer. The layout of these is key to ensuring efficiency and speed.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

Procurement Tactics

JULY 23, 2023

It focuses on making things better by improving quality, getting rid of waste, and making processes more efficient. It became a go-to approach for organizations aiming for continuous improvement, waste reduction, and increased efficiency. Kaizen involves enhancing both equipment and work procedures. CERTIFICATE COURSES 1.

Agile and Lean Supply Chain 196

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

EazyStock

FEBRUARY 18, 2020

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. Will your supplier even allow more frequent orders? 14 times per year.

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

SCMDOJO

DECEMBER 14, 2023

These agencies are experts at finding good suppliers, talking about fair deals, and making sure everything gets to where it needs to be. Task-Specific Services: Primarily involved in tasks like supplier identification, negotiation, and quality control. It makes the job of getting goods and services easier.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

EazyStock

JUNE 24, 2020

The Coronavirus pandemic has highlighted many weaknesses in supply chains across the globe. Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle.

Inventory 98

Inventory Management Supply Chain Optimization supply chain software solutions 98