EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Will EOQ orders meet the minimum order quantity (MOQ) requirement of suppliers?

Quantity 95

Quantity Inventory Demand Supply Chain Optimization 95

Let's Talk Supply Chain

MAY 28, 2023

Today I’m joined by Trakking , an innovative software brand that is on a mission to drive efficiency and reduce costs to increase the number of containers operating effectively across Canadian Ports. Seeing firsthand some of the challenges and bottlenecks in supply chain, he started a start-up company called TSC Trakking.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting supply chain software solutions Supply Chain Optimization 52

Supply Chain Game Changer

JANUARY 19, 2022

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

SCMDOJO

FEBRUARY 9, 2022

Whether you outsource or buy one, working with one of these machines will greatly speed up your supply chain. Thanks to CNC machine technology, traditional manufacturing supply chains are gradually disappearing. Machine parts manufacturing companies must rely on their supply chains to obtain and transport raw materials.

Supply Chain Efficiency 136

Supply Chain Efficiency supply chain software solutions Supply chain Raw materials 136

Supply Chain Game Changer

SEPTEMBER 30, 2022

Subscribe to Supply Chain Game Changer. Are you thinking of streamlining your warehouse operations to increase efficiency and productivity? If so, worry no more as this guide gives practical insights on selecting the right pallet racking , which is critical to optimizing your warehouse efficiency. Email Address.

Supply Chain Efficiency 110

Supply Chain Efficiency Supply Chain Optimization Inventory Warehouse operations 110

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It allows businesses to track and improve their procurement activities and have a transparent outlook of their procurement process. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.

Supply Chain Efficiency 104

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Logistics 104

SCMDOJO

DECEMBER 18, 2023

This ensures that production processes remain uninterrupted, maximizing overall operational efficiency. Enhancing Profitability: Efficient spare parts management directly impacts a company’s bottom line. When the right spare parts are readily available, equipment downtime is minimized.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Supply Chain Efficiency 81

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 81

Supply Chain Game Changer

MARCH 16, 2022

Subscribe to Supply Chain Game Changer. Amongst other things a supply chain manager is responsible for ensuring that goods are delivered to the correct destination in a timely manner. In this blog post, we will discuss some of the most common mathematics problems that can impact a supply chain. Forecasting.

Supply Chain Optimization 100

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply chain management 100

Arkestro

SEPTEMBER 29, 2023

This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention. Procurement teams run at the highest level of efficiency with autonomous procurement. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Supply Chain Game Changer

APRIL 1, 2022

Subscribe to Supply Chain Game Changer. Here we present five important steps for all individuals that are interested in digital supply chain transformation to help you attain success despite the numerous challenges that you are likely to experience. Email Address. What is a Digital Transformation?

Supply Chain Efficiency 128

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 128

Skill Dynamics

JULY 8, 2022

An efficient supply chain management system is a necessity to the majority of organizations. This demand distortion is then passed along and amplified at each stage of the supply chain, with orders to suppliers furthest away from the point of sale far removed from the realistic views of consumer demand.’

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Quantity Supply 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Strategic Sourceror

FEBRUARY 3, 2023

As any supply chain professional will tell you, managing various day-to-day operations and keeping track of everything going on in the supply chain are among the most difficult parts of the job. The most critical part of running any supply chain is ensuring you are making the best possible decisions quickly.

e2e 67

e2e supply chain budgeting Supply Chain Efficiency Supply chain 67

EazyStock

FEBRUARY 18, 2020

What is Economic Order Quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Will EOQ orders meet the minimum order quantity (MOQ) requirement of suppliers?

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. What is a Job Order? Effective Planning Effective planning is where everything starts.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

EazyStock

DECEMBER 13, 2020

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The best way to safeguard your supply chain will be by building resilience into your operations. But ‘back to normal’?

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Inventory 98

Supply Chain Game Changer

AUGUST 6, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Supply Chain Game Changer

OCTOBER 5, 2022

Subscribe to Supply Chain Game Changer. The warehouse needs to know the nature and quantity of goods arriving · Storing inventory : goods are received, arranged and stored · Distributing inventory : goods are picked up by carriers to be taken to the consumer. The layout of these is key to ensuring efficiency and speed.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

Supply Chain Game Changer

AUGUST 10, 2021

Subscribe to Supply Chain Game Changer. The Lumber Supply Chain is Going Against the Grain! I quickly became very familiar with the standard half-sized and full-sized (40″ x 48″) pallets that the company was using at the time, though I was unaware of the Pallet Supply Chain. Subscribe Here!

Price 98

Price Supply Chain Efficiency Supply chain Supply 98

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships. Thus, strategic sourcing focuses on analyzing the patterns in the process to make it efficient.

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Strategic sourcing Strategic sourcing Sourcing Management 200

Supply Chain Game Changer

JANUARY 25, 2021

Subscribe to Supply Chain Game Changer. Why is 3D Printing Revolutionary for Supply Chain? 3D Printing is changing global Supply Chains article and permission to publish here provided by Maria Hills. Traditional manufacturing and the global supply chain were suboptimal in solving such a crisis.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Raw materials 78

Arkestro

JULY 18, 2023

Unfortunately for supply chain and manufacturing executives, disruption is still the name of the game. Between volatile geopolitical environments, increasing regulations, and shifting consumer demand, economic uncertainty is hitting various areas of the supply chain and manufacturing industries hard.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency 52

EazyStock

JANUARY 6, 2023

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

EazyStock

JANUARY 6, 2023

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. Supply chain issues. Increased supply chain visibility.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. The formula is: PPV = (Actual cost – Standard cost) x Actual quantity An increase in actual costs results in a positive variance, while a decrease in actual costs results in a negative variance.

Price 130

Price Purchasing Raw materials Negotiation 130

Strategic Sourceror

NOVEMBER 30, 2022

While supply chain disruptions have frustrated both buyers and sellers since 2020, many of the previous bottlenecks have since been dislodged, setting the industry up for what could be a banner year from a sales perspective, despite high inflation. "From a supply-chain standpoint, it's the opposite of last year."

Retail Supply Chain 62

Retail Supply Chain Supply Chain Efficiency Supply chain Supply 62

Procurement Tactics

JUNE 8, 2023

A purchase order clearly specifies the details of the purchase, such as the quantity, description, and price, ensuring there are no misunderstandings between the buyer and the seller. Furthermore, purchase orders contribute to efficient inventory management. Also, purchase orders play a crucial role in budget control.

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Purchase orders Purchasing Buyers Quantity 130

Supply Chain Game Changer

JULY 16, 2020

Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. Email Address.

supply chain software solutions 124

supply chain software solutions Supply Chain Efficiency Supply chain Supply 124

Finale Inventory

DECEMBER 15, 2023

This automation not only saves time but also reduces the likelihood of errors associated with manual inventory management, making your operations more efficient and responsive to the needs of the market. This is essential for maintaining balanced stock across locations and ensuring quick, efficient order fulfillment.

Warehouse operations 98

Warehouse operations Supply Chain Efficiency Real-time Visibility Inventory 98

SCMDOJO

OCTOBER 27, 2023

Volume or Quantity Negotiation: This negotiation involves discussing the quantity or volume of goods or services to be procured. Delivery and Lead Time Negotiation: Negotiating the timeframes for delivery and lead times to ensure timely supply without disruptions. Set Expectations: Suppliers appreciate transparency.

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Supplier negotiation Negotiation Suppliers Supply Chain Efficiency 88

EazyStock

MAY 20, 2020

At the same time, companies are dealing with erratic customer behavior and badly disrupted supply chains. Why COVID-19 is Driving Supply Chain Digitalization. In 2019 MHI and Deloitte published their report “Elevating Supply Chain Digital Consciousness”. The Benefits of Supply Chain Digitalization.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 52

SCMDOJO

FEBRUARY 6, 2024

To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time. Main Causes of Inventory Discrepancy Managing inventory throughout an e-commerce supply chain may sound easy, but it is a daunting task.

Inventory 83

Inventory Supply Chain Efficiency e2e supply chain software solutions 83

Supply Chain Game Changer

JUNE 16, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? Supply chain students article and permission to publish here provided by Alisia Stren. Supply chain management also consists of meeting new people on an everyday basis. Email Address.

Supply Chain Efficiency 71

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 71

Supply Chain Game Changer

MARCH 23, 2021

Subscribe to Supply Chain Game Changer. Is Your Supply Chain A Cost Centre or a Value Creator? Supply Chain responsibilities are vast in any organization. This can be analogous to the work done in Supply Chain. So let’s explore the Supply Chain Workload iceberg!

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64