article thumbnail

What is Supply Chain Management? Importance & Benefits

QAD

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is a Supply Chain?

article thumbnail

Shipping Pharmaceuticals: The Rise of E-Commerce Pharmacies

Intelligent Audit

The COVID-19 pandemic drastically changed both the world and how companies conduct business, especially regarding how pharmacies are shipping pharmaceuticals. Patients want convenience at the mouse click of a button or screen, and the pharmaceutical sector realizes this.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shipping Pharmaceuticals: The Rise of E-Commerce Pharmacies

Intelligent Audit

The COVID-19 pandemic drastically changed both the world and how companies conduct business, especially regarding how pharmacies are shipping pharmaceuticals. Patients want convenience at the mouse click of a button or screen, and the pharmaceutical sector realizes this.

article thumbnail

What is Inventory? Examples, Types, Techniques

Unleashed

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

article thumbnail

Cardinal Health Invests in Visibility to Improve Agility

Logistics Viewpoints

Sean Halligan, Senior Vice President Pharmaceutical Operations, Cardinal Health. In an interview, Sean Halligan, the senior vice president of pharmaceutical operations at Cardinal Health, described how they are thinking about this journey. The pharmaceutical segment alone makes more than 30,000 U.S.

article thumbnail

Why I No Longer Believe in the Gartner Supply Chain Top 25

Supply Chain Shaman

This week, Gartner is hosting their annual supply chain conference. It is now the Gartner Supply Chain Top 25. The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies.

Gartner 260
article thumbnail

Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.