Supply Chain

Inventory management refers to the process in which a business looks after, organizes, and keeps track of its physical assets, materials, and stock.

This includes everything from purchasing inventory, to storing it in warehouses or at other locations, to shipping it. The degree of complexity for inventory management depends significantly on the size of the company, and a number of physical products that it sells.

[Read more…] about Inventory Management: Everything You Need to Know About Inventory & Efficient MRP

Inventory management is perhaps the most important aspect of any business selling goods to customers.

Product quality is important. Shipping and fulfillment are important. But without a proper system for managing inventory, you won’t even get that far. Not to mention the costs you will incur for failing to accurately forecast demand.

That’s why proper inventory management not only helps a business to operate more efficiently, it can also drastically reduce costs.

Here are the top 3 inventory metrics that are most important in reducing costs.

[Read more…] about Inventory Management – Top 3 Metrics to Reduce Cost

Are your metrics buried in the reporting graveyard? Maybe waiting 6-9 month for a report to be developed is just too long for your business users?

Join us to uncover the strategies for your next Supply Chain Analytics project. We’ll tackle your most pressing issues and offer a few suggestions to right the ship.

[Read more…] about Supply Chain Metrics + Strategy Webinar

If you’re a supply chain professional, chances are you’ve heard the term “visibility” about a hundred times in the past decade – give or take a few!

The ability to trace inventory through every stage, aspect, and touch point of the supply chain. It’s that heightened state of visibility that all supply chain professionals crave.

But true supply chain nirvana can feel nearly impossible to obtain.

[Read more…] about Supply Chain Visibility: How to Get a Clear View of Your Supply Chain Activity

Managing a supply chain is a lot like juggling if one ball gets out of sync it can affect everything else in motion.

As a supply chain manager, it is your job to make sure every aspect of your supply chain stays in motion and continues to perform efficiently – which is not always an easy task.   

Luckily, there are a variety of metrics that allow supply chain managers to track and measure the effectiveness of their supply chain.

[Read more…] about Top Supply Chain Performance Metrics You Need to Consider

If you think of your supply chain as an orchestra and you as the conductor, it’s easy to visualize its complexity. And just like an orchestra, each section of your supply chain has its individualized demands that need to be considered.

To maintain a seamless supply chain, you need each section to do their piece and one breakdown can jeopardize some, or even all of your output.  This can result in lost time, money and opportunity- basically, a supply chain professional’s nightmare!

[Read more…] about Getting Started with Supply Chain Metrics