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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. As a critical supply parameter, managing lead time is essential for mitigating uncertainties in the supply chain.

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9 Innovative Purchasing Concepts

Una

How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Examples include raw ingredients for food manufacturers, fabrics for clothing brands, and parts used in automotive assembly. Purchasing focuses specifically on the buying transaction.

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DDMRP: The future of managing supply and demand?

Skill Dynamics

These factors create a challenging landscape for supply chain professionals, who need to ensure that raw materials or parts are in the right place, at the right time in the right quantities to enable production and meet consumer demand. What’s behind the shift to DDMRP?

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5 Ways to Reduce Waste in Ecommerce Operations

Finale Inventory

From brand messaging that illustrates how companies are enacting earth-friendly practices in their business to certification bodies such as B Corp who are starting to scrutinize global supply chains as part of the credentialing process, companies are trying to level up to their consumers’ expectations as best they can.

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What Makes a Supplier Strategic?

Una

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

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Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. “We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I needed to meet with the company leaders in the Supply Chain function quickly.