Remove 2011 Remove Inventory Remove Procurement Remove Strategy
article thumbnail

Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. In 2011, Yannis Skoufalos became the Global Product Supply Officer at Procter & Gamble. Discontinued in 2011. The supply chain is a complex non-linear system. His focus was cash-to-cash.

article thumbnail

The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

Configure to Order: This strategy involves customizing standard products based on customer specifications. PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach.

article thumbnail

What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

article thumbnail

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

This article explores the concepts of resilience and agility in supply chain management, their link with change, and the strategies employed to navigate the evolving business landscape. These changes can significantly impact supply chains by affecting sourcing strategies, trade routes, and market access.

article thumbnail

History and Evolution of Supply Chain and Logistics

SCMDOJO

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. To briefly indicate its place, it should be remembered that war involves three divisions of labor: Strategy , Tactics and Logistics. Neil Southern, 2011). Neil Southern, 2011).

article thumbnail

What to Expect When You’re Expecting Supply Chain Disruptions

QAD

In the United States for example, many companies have been considering – and some already taken – strategies like near-shoring and reshoring. How will you make sure that unused returns go back into inventory instead of being scrapped? As a result, disruption can be a catalyst for positive change. What carriers are needed?