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The Best Ways to Use Project Management to Build Resilient Supply Chains Amid Global Disruptions

SCMDOJO

Businesses must find effective ways to strengthen their networks and improve flexibility to maintain stability during uncertain times. In supply chain operations, it plays a crucial role in mitigating risks, improving response times, and optimizing workflows. Enhance visibility across the supply chain through structured reports.

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Risk management solution providers and what their customers really want – Exiger

Spend Matters

We’re seeing larger RFPs over time asking for greater complexity. Our customers’ top concerns include expanding risk types, gaps in technology and a lack of full supply chain visibility. Beyond timely delivery, companies need to consider ethical and long-term sustainability issues. Supply chain risk is also more complex now.

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Effective Strategies for Raw Material Storage

Finale Inventory

Raw material storage is a vital aspect of any business, especially in the rapidly changing world of ecommerce. With the right strategies in place, companies can ensure that their raw materials are protected and efficiently managed, leading to improved productivity, reduced costs, and ultimately, greater customer satisfaction.

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Effective Strategies for Tracking Raw Materials in Your Inventory System | Ecommerce

Finale Inventory

One important aspect of inventory management is tracking raw materials. Raw materials are the foundation of your products, and accurately tracking them in your inventory system is vital for maintaining optimal production levels and meeting customer demands.

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Watch: Improving Inbound Logistics Through Supplier Visibility

Supply Chain Brain

The manufacturing floor operates in the blind in the absence of real-time data from suppliers on arrival of parts or raw materials, says Jeffrey Luft, portfolio development executive with Siemens Digital Industries Software.

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How to Calculate Raw Materials Inventory with Finale Inventory | Ecommerce

Finale Inventory

Calculating raw materials inventory accurately is vital for any ecommerce business. Without precise inventory counts, you may face challenges such as stockouts, overstocking, and inaccurate financial records. Raw materials inventory consists of materials or components used to manufacture finished products.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Suppliers whose prices fluctuate significantly over time may not be suitable for long-term partnerships, whereas those who consistently provide products at estimated costs can be considered for future contracts. PPV helps assess the accuracy of these estimates by measuring the variance between the estimated and actual costs.

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