Procurement Tactics

MAY 23, 2023

Thus, allowing you to mitigate its effects on your supply chain. The bullwhip effect is a phenomenon that occurs in supply chain management where small fluctuations in demand can result in large variations in supply chain activities, such as inventory levels, production schedules, and transportation.

supply chain software solutions 212

supply chain software solutions Supply chain Supply Inventory 212

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 EOQ orders meet the minimum order quantity (MOQ) requirement of suppliers?

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

Supply Chain Game Changer

JANUARY 20, 2020

Digital technologies are becoming more prevalent in basic supply chain functions, and changes in legislation are likely to spur dramatic changes that will result in the need to reevaluate supply chain strategy in both domestic and international locations. The Role of Social Media in Supply Chain Management Will Increase.

Supply chain management 62

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Efficiency 62

Supply Chain Game Changer

APRIL 1, 2022

Suppose you are wondering what is meant by digital supply chain management. The information gathered is used to make informed decisions regarding the type and quantity of materials required, the type of products in demand, and the relationship between various products. Take time to perform your research analysis.

Supply Chain Efficiency 128

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

ivalua

MAY 6, 2020

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. They ship very small batches twice a week.

Agile and Lean Supply Chain 37

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 37

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. One of the most common mathematics problems faced by supply chain managers is forecasting. Subscribe Here!

Supply Chain Optimization 100

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

Supply Chain Game Changer

NOVEMBER 15, 2018

Digital technologies are becoming more prevalent in basic supply chain functions, and changes in legislation are likely to spur dramatic changes that will result in the need to reevaluate supply chain strategy in both domestic and international locations. The Role of Social Media in Supply Chain Management Will Increase.

Supply chain management 49

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Efficiency 49

EazyStock

JUNE 16, 2022

For supply chain management, this could include generating demand forecasts to ensure stock availability or mapping transportation routes to prevent idle time and reduce fuel consumption. Benefits of artificial intelligence and machine learning in supply chain management. What is machine learning?

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 52

SCMDOJO

MAY 20, 2024

The Importance of Modern Supply Chain Solutions As eCommerce becomes a more prevalent part of our business world, modern supply chain solutions have become the norm. Traditional supply chain solutions once included strict protocols for manufacturing expectations and a priority on quantity over quality.

Supply Chain Efficiency 95

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

The Network Effect

AUGUST 28, 2014

This Seth Kadish map shows the locations of the 50 busiest on the planet, and the size of the dots is scaled to the quantity of goods they handle. The post 6 maps that explain global supply chains appeared first on The Network Effect. 3 Busiest Container Ports. 4 World Trade is More Important. The Network Effect'

Supply chain 107

Supply chain Export Supply Quantity 107

Supply Chain Opz

JANUARY 7, 2013

Supply Chain Planning at Apple Inc is the classic example of New Product Development Process (NPD). Its the integration of R&D, Marketing and various function under supply chain management. Ability to obtain components in sufficient quantities is important. Is Apple Supply Chain Really the No.

Supply Chain Efficiency 111

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

SCMDOJO

OCTOBER 3, 2024

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 management begins with products being distributed to raw materials and manufacturing and ends with the finished products moving to customers.

Supply Chain Efficiency 98

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

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. This helps in planning and prevents situations like running out of stock or overstocking, optimizing the supply chain management process.

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

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

SCMDOJO

JANUARY 29, 2025

However, it measures the company’s ability to meet customer expectations by delivering the correct products in the proper quantities and within the specified timeframe. Moreover, it helps identify production bottlenecks, assess the impact of process improvements, and monitor the overall productivity of the manufacturing process.

Supply Chain Optimization 98

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

EazyStock

NOVEMBER 19, 2020

Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time. Any supply chain management professional will tell you that it’s an arduous balancing act to maintain optimized inventory levels through effective stock replenishment.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Inventory 98

SCMDOJO

MARCH 8, 2024

Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. This helps in reducing safety stocks and streamlining inventory management processes.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 98

Supply Chain Game Changer

OCTOBER 12, 2022

Quantity And Quality Requirements. Outlining quantity and quality parameters clearly in your supply chain contract is vital. You can express the quantity terms in physical form. How you define your quantity terms will depend on your industry of operation. However, it can also be in value form.

Contract 108

Contract Supply Chain Optimization Supply chain Quantity 108

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP). Scheduled Receipts Scheduled Receipts play an indispensable role in MRP.

Supply Chain Efficiency 98

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

SCMDOJO

FEBRUARY 20, 2023

By analyzing historical sales data, businesses can identify trends and patterns in customer demand, enabling them to make informed decisions about which products to stock and in what quantities. Logistics KPI Dashboard Excel Template 4.

Strategy 119

Strategy Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 119

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. Accurate demand forecasts enable effective supply chain planning.

Agile and Lean Supply Chain 40

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

SCMDOJO

DECEMBER 11, 2023

Item Details and Total Cost: Description, Quantity, and Unit Price: Specifics of the items or services, including descriptions, quantities, and unit prices. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices. Download Free Inventory Ageing Report 5.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Supply Chain Game Changer

JANUARY 19, 2022

If you want to keep your supply chain efficient , it’s crucial to consider how quickly your suppliers can ship your orders when they are complete. If you have a lean supply chain where you’re ordering small quantities only, it might not be efficient to run a global supply chain with suppliers halfway across the globe.

Supply Chain Efficiency 109

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

Procurement Tactics

JULY 20, 2023

Typically, this platform includes features such as order creation, order tracking, inventory management, supplier collaboration, and reporting capabilities. By having a record of purchased items, prices, and quantities, you can easily cross-reference purchase orders to correct any mistakes or miscommunications with suppliers.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Supply Chain Game Changer

JULY 16, 2020

Enterprise resource planning (ERP) platforms also paved the way for supply chain improvements. One article explained how supply chain management was among the first business functions that got significant technological upgrades to evolve and to harness data extracted from ERP systems.

supply chain software solutions 124

supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

Planergy

MARCH 12, 2025

How better management in AP can give you better flexibility for cash flow management. Simpler Logistics and Supply Chain Management With operations overseas, you run the risk of becoming too reliant on global supply chains. Regardless, you must know your inventory management needs.

Agile and Lean Supply Chain 52

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

EazyStock

OCTOBER 20, 2020

Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand. Cost-effective order quantities. What is stock optimization?

Inventory control 98

Inventory control Supply Chain Optimization Inventory Quantity 98

SCMDOJO

SEPTEMBER 7, 2024

The key to achieving this supply chain utopia lies in understanding the different types of warehouses and their strategic roles. Importance of Warehouses in Supply Chain Management Warehouses play a pivotal role in the efficient functioning of supply chain management.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment supply chain budgeting 98

SCMDOJO

MARCH 19, 2024

Key Roles of the Supply Chain Department Defined Within the supply chain department, several key roles contribute to its efficient functioning. These roles include supply chain managers, procurement specialists, demand planners, logistics coordinators, and data analysts. Get your guide now!

Supply Chain Optimization 98

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

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. It’s already apparent that those supply chain management (SCM) teams that can adapt their operations and respond quickly to these issues will be one step ahead of their competition.

Inventory 98

Inventory Management Supply Chain Optimization supply chain software solutions 98

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.

Risk management 147

Risk management Risk Suppliers Management 147

SCMDOJO

APRIL 11, 2025

Are minimum order quantities too high? Action: Improve demand forecasting, negotiate smaller/more frequent orders with suppliers (consider TCO impact), implement regular stock reviews to identify and manage obsolete inventory, explore Just-In-Time (JIT) or lean principles. High Days on Hand: Assessment: Is forecasting inaccurate?

Supply Chain KPIs 52

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

Supply Chain Game Changer

JUNE 16, 2021

Supply Chain Education and Certification – What’s Missing? Supply chain students article and permission to publish here provided by Alisia Stren. Supply Chain Management, a crucial aspect of a business, is the study of the management of large quantity goods and services.

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 71

Procurement Insights

APRIL 8, 2025

minimize total cost = (price quantity)) or AI predictions (Tonkean, Web ID: 8), which can overlook edge cases. – Specific Applications: EBMs can be used for applications such as supply chain management and sustainable procurement, where predefined relationships are well-understood.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 81

EazyStock

JUNE 21, 2019

Erwin van der Wouden, supply chain manager at Araco, has automated the purchasing of more than 2000 SKUs. Title: Supply Chain Manager. I am the Supply Chain Manager at Araco International , a fast-growing wholesaler of promotional business gifts, based out of Enschede, the Netherlands.

supply chain software solutions 61

supply chain software solutions Supply Chain Optimization Supply chain management Supply chain management 61

The Network Effect

MAY 15, 2015

Components of perfect include all items and quantities on-time, using the customer’s definition of on-time, complete documentation and in the right condition. The post What can the SCOR model do for my supply chain? An example of a SCOR measure is as follows: RL.1.1 Perfect Order Fulfillment. 2.1 % Orders Delivered in Full; RL.2.4

Supply chain 72

Supply chain Order Fulfillment Supply Quantity 72

SCMDOJO

DECEMBER 14, 2023

Whether you’re dealing with larger quantities or diverse product lines, a sourcing agency ensures that your procurement process remains efficient and effective. Know More About Fahad: Muhammad Fahad, hailing from Pakistan, is a Supply Chain expert with a focus on transformative strategies.

Sourcing 104

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