Remove 2007 Remove Inventory Remove Procurement Remove Resources
article thumbnail

When It Comes to Planning, Please Vote with Ike!

Supply Chain Shaman

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

article thumbnail

2020 Requires Big Wings and Feet

Supply Chain Shaman

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. The two primary buffers in the supply chain are manufacturing capacity and inventory. Time horizon. The takeaway?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Here at resupply points, inventory was stored for up to 8 days. Larson et al 2007 indicated that, based on a literature review, there are 4 types of interaction as below, Reproduced from Larson et al 2007. (1) Then, Ive created the conceptual model of the news as below, Conceptual Model. to another " is a bit tricky.

article thumbnail

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

This can only be achieved by addressing the elimination of the worst practices in the organization, processes, and digital resources of the company. One of the most common bottlenecks in supply chain management and burdensome processes (purchasing, procurement, preparation, etc.) The importance of a robust supply chain.

article thumbnail

GAAP for Accounts Payable: What it is and why it's important

Precoro

Accounting policies and assumptions in areas such as inventory valuation methods, depreciation methods, and criteria for estimating fair value. Trade payables typically refer to amounts owed for purchases of inventory or other goods and services directly related to the company's core operations.

article thumbnail

5 supply chain initiatives to combat ESG risks

Taulia

Build an ESG-compliant supplier base To address ESG risks, companies need to put ESG at the forefront of how they do business – and that starts with the procurement process. Rethink inventory management strategy Sustainability and optimal inventory levels go hand in hand.

article thumbnail

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

Third, any changes required in the ERP system usually require resources that are already backlogged with unfulfilled requests. The wealth of data captured from raw material procurement through distribution to the end customer creates a comprehensive, holistic view of how a supply chain is performing.