Slender margins of error indicate the efficiency of every sector. With the advancement in technology came the scope to develop better standards of every service provided. A tiny flaw in the process can lead to massive defects in the final product, costing the company thousands of dollars in terms of the materials and labor lost over work hours. Such pitfalls… Read More »3 Different Types of Supply Management Tools
The number of load boards on the internet tends to exceed your imagination and places you at a confusing stage. As a result, you will be puzzled about the next move and what you need to incorporate further down the road. Since affordable load boards are what we all want, we tend to go ahead and begin our search to… Read More »The Best Load Boards in the Market
Supply chain management is all about flows. Material flowing through warehouses is no exception. Conventionally the warehouses were set up as inventory buffer points along the supply paths so that demand fluctuations across the network could be smoothed. That provided stability to the planning and operations of the supply chain. But better technology, integrated systems and near real-time information exchange… Read More »Understanding Cross-docking
Lean primarily refers to elimination of waste and is the basic philosophy that originated as part of Toyota Production Systems, with its emphasis on the elimination of waste (muda). Therefore, this philosophy is based on reducing the cost by eliminating activities that do not directly add any value. Cost can be reduced in two ways: (1) by identifying and eliminating… Read More »Lean As A Supply Chain Strategy
Before you do, it is important to understand what it means & how it affects the supply chains. Understanding what it means depends a whole lot on the context. It also changes the question from push or pull to a question of where should the inflection occur. Push or Pull as a Business Model: Looking at an extended supply chain… Read More »Push Or Pull?
The postponement strategy is based on the following two basic principles of demand forecasting.image The accuracy of the forecast demand decreases with an increase in the time horizon. The farther the time window for which the demand is being forecasted, the more inaccurate it will be. The figure graphically represents this effect as a funnel: as time extends farther into… Read More »Postponement As Supply Chain Strategy
The two processes of replenishment and inventory are closely related. The inventory planning process establishes the optimal inventory levels that must be maintained to meet expected service levels for demand fulfillment. What does that exactly mean? To understand we need to explore the replenishment (or re-ordering) process. In doing so, we will also establish the decision parameters an inventory planning… Read More »Replenishment Policies and Inventory Planning
Maintaining a continuous workflow and ensuring that the overall structure is in place tends to form the requirement of a supply chain management software. The many benefits that arise from the same will be highly essential towards achieving the required set of goals and objectives. Due to that, you need a software of this nature to get things started and… Read More »The Best Supply Chain Management Software
The complexity of global supply chains is constantly increasing to make a data-driven approach the key to a secure future. End to end visibility is provided by the data-driven SCM to monitor the flow services, goods, and important information. Data alone doesn’t work wonders to deliver the best results; you also need good vendor and supplier relationships, logistics, and cost… Read More »What are the Benefits of an Effective Supply Chain Management?
Defining the term in the shortest form would give you results with keywords like ‘products’ and ‘goods and services.’ Anyone familiar with the term logistics may have come across the concept of “supply chain management.” It is simply the process that includes the transformation of raw materials into final products by managing the flow of all goods and services. The… Read More »What is Supply Chain Management?