SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory 84

Inventory Sustainability Supply Chain Optimization Raw materials 84

Supply Chain Brain

AUGUST 4, 2022

It is by now painfully clear that the vast majority of small and medium-sized businesses need to adopt a new approach to supplier networks and inventory management if they are to stay sufficiently agile to be competitive.

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Inventory Suppliers Management Networking 98

Procurement Tactics

AUGUST 11, 2022

Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. In this article, we will discuss what inventory holding cost is. Additionally, we will explain the components of inventory carrying costs and how they can be reduced. . Cost of capital.

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory control 79

Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

ivalua

JULY 12, 2021

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. min, max levels)

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Supply Chain Game Changer

OCTOBER 14, 2022

Featuring Our 10 Best Inventory Management Articles! Effective inventory management is one of the most important aspects of running a successful business. Good inventory management means having visibility into your inventory levels at all times, so you can make sure you have enough products on hand to meet customer demand.

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Inventory Management Supply Chain Efficiency supply chain software solutions 114

Supply Chain Dive

OCTOBER 12, 2023

The apparel company has made swift progress in cleaning up its stock recently after a “tough” time trying to operate its distribution centers.

Inventory 116

Inventory Suppliers 116

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 8 US Appliance Parts Suppliers — Top Factors, Choosing Guidelines, Pricing, and Review The US appliance parts industry experiences a period of significant growth and transformation.

Price 183

Price Suppliers Negotiation Quality 183

Supply Chain Dive

OCTOBER 9, 2023

The ongoing strike is causing some down-tier suppliers to hold inventory, while others may seen cash flow delays.

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Suppliers Inventory 113

Procurement Tactics

JULY 20, 2023

The Top 6 US Stone Suppliers Natural stone is a popular choice for both interior and exterior applications and the United States is home to some of the leading stone supplier companies in the world. Here is a list of the top US stone supplier companies Study Procurement Study Negotiations 1. What’s more?

Price 186

Price Suppliers Negotiation Sustainability 186

Supply Chain Dive

FEBRUARY 1, 2024

Theut’s Flower Barn alleges the grocer caused $5 million in missing goods.

Inventory 104

Inventory Suppliers 104

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

Risk 80

Risk Suppliers Raw materials Risk management 80

ProcurePort

JANUARY 4, 2021

Have you ever wondered what the fuss is regarding the inventory turnover ratio? Inventory turnover ratio (ITR) is a benchmark that allows enterprises to realize the efficiency of their inventory management systems. The post How to Increase Your Inventory Turnover Ratio appeared first on ProcurePort Blog. Let’s explore.

Inventory 130

Inventory Management Suppliers 130

Procurement Tactics

JUNE 26, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Top 10 US Wholesale Jewelry Suppliers — Pricing & Reviews According to IBISWorld, the US wholesale jewelry market declines by 2.7% Now, it’s time to choose wholesale jewelry suppliers.

Suppliers 146

Suppliers Price Negotiation Purchasing 146

ProcurePort

AUGUST 19, 2020

Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace.

supply chain software solutions 130

supply chain software solutions Inventory Management Supply chain 130

Supply Chain Game Changer

APRIL 27, 2022

Featuring Our 10 Best Inventory Management Articles! However, to have a profitable online selling business, it’s crucial to understand the importance of inventory management in eCommerce. An effective inventory management system is one of the most crucial elements of running a sustainable eCommerce business.

Inventory 85

Inventory Management supply chain software solutions Supply Chain Efficiency 85

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Negotiation Quality 177

Procurement Leaders

DECEMBER 9, 2022

Here, CPO Eric Espinasse describes some of the strategies he has employed to manage the market volatility, from building up inventory to advanced segmentation and closer supplier relationships. We have refocused some of our efforts on making Ferring higher on the priority list of our strategic suppliers.

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Suppliers Bill of materials Raw materials Supplier relationship management 147

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

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Inventory Raw materials Management supply chain software solutions 92

Supply Chain Dive

MARCH 11, 2024

The manufacturer aims to build inventory in the first half of the year to meet its projected delivery goal of up to 155 aircraft in 2024.

Suppliers 101

Suppliers Inventory 101

Supply Chain Game Changer

JANUARY 22, 2021

Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Many overwhelming strategies, processes and techniques will come your way if you have to learn and perform inventory management. Subscribe to Supply Chain Game Changer.

Inventory 98

Inventory Management Real-time Visibility supply chain software solutions 98

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory 98

Inventory Management Supply Chain Optimization supply chain software solutions 98

EazyStock

AUGUST 28, 2023

When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels. When combined with manual inventory management processes, you increase the risk of human errors, which can culminate in stockouts and overstocking. Don’t worry!

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Planergy

OCTOBER 26, 2023

Download Free Copy Days Inventory Outstanding: What Is It and How to Calculate It Written by Mary Girsch-Bock 17 min read Financial Planning & Analysis (FP&A) Financial Ratios Inventory Management Download PDF IN THIS ARTICLE What Is Days Inventory Outstanding? Should Days Inventory Outstanding Be High or Low?

Inventory 52

Inventory Supply Chain Efficiency Purchasing supply chain software solutions 52

Procurement Tactics

JULY 20, 2023

5 Best Global Concrete Product Suppliers Study Procurement Study Negotiations 1. Holcim [link] With a softer demand in concrete building materials for 2 consecutive years due to the pandemic and inflation, Holcim thrives and still holds its top spot as the leading manufacturer and supplier of concrete products.

Price 193

Price Suppliers Sustainability Negotiation 193

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Prioritize your inventory. Reorder smarter.

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Inventory Quantity Demand Inventory planning 59

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.

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Inventory Data Management Real-time Visibility 52

Procurement Insights

SEPTEMBER 8, 2023

.” – Let’s not forget how, at the beginning of the pandemic, too many companies sought longer payment terms from their suppliers to preserve cash flow. – Dawn Tiura ‘s article on how Target and Walmart had excess inventory in the aisles.

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Suppliers Inventory Demand Collaboration 75

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Supplier Diversification.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Before we walk you through, let’s understand the importance of inventory management. Why Do You Need an Inventory Management System?

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

Inventory control 98

Inventory control Supply Chain Optimization Inventory Quantity 98

Strategic Sourceror

DECEMBER 5, 2022

Prior to the pandemic, just-in-time inventory — the supply chain management strategy of keeping "just enough" inventory in stock to satisfy expected demand — was considered conventional wisdom. What is just-in-case inventory? At its essence, just-in-case inventory is the inverse of just-in-time.

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Inventory Strategy Supply Chain Efficiency Management 62

EazyStock

AUGUST 8, 2023

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared you are, the greater your ability to ensure that this annual supplier shutdown causes as little disruption as possible. Do you need different contingencies for different suppliers? When do you place the orders?

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Inventory planning Inventory Demand Suppliers 52

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Managing inventory is a complex business. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs.

Inventory 52

Inventory Management Supply Chain Optimization Supply Chain Efficiency 52

Supply Chain Dive

JANUARY 9, 2024

Mobileye said its customers hold millions of excess units to hedge against shortages and are now working through the inventory.

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Suppliers Inventory 105

Supply Chain Game Changer

NOVEMBER 11, 2021

What is Supplier Relationship Management (SRM)? Reliable supplier article and permission to publish here provided by Carol Trehearn. Your business is only as exceptional as the goods or services it offers, and to get exceptional products, the right supplier is a must. Email Address. Subscribe to Supply Chain Game Changer.

Quality 91

Quality Suppliers Supplier relationship management Ethics 91

ProcurePort

SEPTEMBER 25, 2020

Are you one of the small and medium businesses (SMBs) that does not have an inventory system in place? It is shocking to imagine that there are companies operating without an inventory management system in this day and age. The post 7 Benefits of an Inventory Management System appeared first on ProcurePort Blog.

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