article thumbnail

How Do ERP Systems Help Reduce the Bullwhip Effect?

Supply Chain Game Changer

Without an ERP system, you don’t have visibility into your entire supply chain. In a bid to keep productivity and reduced supply chain difficulties, the following are ways you can manage the bullwhip effect with an ERP system. You know there will be demand for it, and it takes time to build up inventory.

article thumbnail

How Machine Learning is Transforming Supply Chain Management

Una

Demand forecasting & inventory optimization Can we finally bid goodbye to overstocked warehouses and disappointed customers? Route optimization & logistics planning Cost savings, faster delivery times, and happier customers? Why Do We Need Supply Chain Visibility? Where do I sign?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. Processes like purchase order creation, invoicing, and expense reporting can be automated to save time and reduce errors.

article thumbnail

Supply Chain Management – the SME perspective

Claritum

By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage. Including: Better Cash Flow associated with payments and inventory management.

article thumbnail

‘Try Before You Buy’: A Huge Logistics Challenge for E-Tailers

Supply Chain Brain

While that action poses an inconvenience to customers, it gives retailers prior notice and visibility of what’s in the returns pipeline. It also allows them to capture the reason for a return, and in the process do a better job of planning over time for spikes in activity. Even now, there aren’t enough facilities in the U.S.