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Definitions Matter

Supply Chain Shaman

In my writing, I try to get clear on definitions. Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. This is the traditional software taxonomy that drives the definition. So, the next time you discuss supply chain value, be clear on the definition.

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Another Reason to Expand Definition of Supply Chain Visibility

Talking Logistics

For several years now I’ve been arguing that the scope of end-to-end supply chain visibility must go beyond the tracking of orders, shipments, inventory, and assets in motion. Read more The post Another Reason to Expand Definition of Supply Chain Visibility appeared first on Talking Logistics with Adrian Gonzalez.

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Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

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Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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Perpetual Inventory System: Definition & Methods

Unleashed

At a certain point, manual inventory management becomes no longer feasible. In this article, we explore a popular solution: the perpetual inventory system. Perpetual inventory systems begin with a physical inventory count that is then recorded electronically.

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Inventory Control Chart: Definition, Uses, Examples

Unleashed

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.