article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Negotiate contracts and evaluate suppliers. Access yours here!

article thumbnail

Product News Update: April 2020

EazyStock

Components Forecasting via Bill of Materials (BOM). Bill of Materials, or BOM, is the components required to manufacture or assemble a product. The “components forecasting” feature automatically calculates the optimal order recommendations and stock levels for each component. What’s new? How will this help you?

professionals

Sign Up for our Newsletter

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

article thumbnail

How to Improve Microsoft Dynamics 365 Business Central’s Inventory Management Capabilities

EazyStock

Link items to create a bill of materials for production. When obtaining optimal order points and order quantities buyers need to keep track of everything from minimum order quantities, to stock multiples, article replacements and ensuring adequate storage space. An inability to increase inventory turnover rates.

article thumbnail

Coronavirus Series Part 3 – Improving Inventory Planning During the COVID-19 Pandemic

EazyStock

For manufacturers these are items that are critical to prevent production stoppages, whereas suppliers, distributors and retailers need to prevent running out of their best-selling products. Manufacturers need to analyze their bill of materials (BOM) and highlight components that could cause production delays or stoppages.

article thumbnail

S&OP, a vision for the future. The expert interview series #5

Supply Chain Trend

You have to get the numbers right and you have to translate the S&OP lead-time, inventory, planning bill of materials design implications and sourcing to dozens of different languages used in the roles / departments of a company. Or hire a firm such as ours to inexpensively assist in defining and presenting this value.