inventory-costs-ordering-holding-shortage Blog Related Topics 
New Horizon Supply Chain Blog
FEBRUARY 8, 2024
Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.
SYSPRO Smarter ERP
NOVEMBER 21, 2022
Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.
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ToolsGroup
NOVEMBER 4, 2022
Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. What Causes Excess Inventory.
ToolsGroup
DECEMBER 20, 2021
How the Pandemic Caused Supply Chain Shortages. Before we can look at what’s being done to overcome the supply chain shortages , we have to understand where it all began. . Covid-19’s Impact on the Global Container Shortage. The container shortage was a byproduct of the cancellations – and here’s why. .
ToolsGroup
OCTOBER 20, 2020
Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. – Don’t you have to raise inventory levels to guarantee service levels?” Wait, what?
ToolsGroup
APRIL 3, 2020
Both examples are currently seeing stock-outs, but the toilet paper shortage is more of a logistics issue than a physical supply problem. This can lead to large, chunky orders, over-production and ultimately excess inventory throughout the supply chain. There are a few solutions to this phenomenon.
SCMDOJO
SEPTEMBER 8, 2023
This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Understanding these metrics is critical for ensuring that production runs smoothly, inventories are optimized, and customer demands are met.
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