Unleashed

APRIL 29, 2024

Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process. This guide covers the work in process inventory formula, how to calculate it, and how to cost-effectively manage your work in process inventory. What is work in process (WIP) inventory?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

by Madeline Smith , Supply Chain Management Consultant at Clarkston Consulting. Piecing Together the SIOP Process. Read below for a guide to solving the SIOP puzzle for your organization. . Almost everyone loves a good puzzle; putting the pieces together one by one allowing them to create a perfectly built masterpiece is oddly satisfying!

Supply and Demand 246

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Enterra Insights

MARCH 3, 2022

”[1] The World Economic Forum (WEF) staff notes, “New technologies carry potential downsides that need to be identified and managed. They indicate those risks fall into six categories: technology risks; security risks; operational risks; legal & regulatory risks; financial risks; and strategic risks. ”[2].

Supply Chain Design Software 147

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Supply Chain Game Changer

SEPTEMBER 16, 2022

The Future of Accounting is Continuous Accounting! Small businesses, like medium- and large-scale organizations, need to simplify accounting strategies to attain growth. Small businesses are usually low on staff and might not have the budget to invest in expensive accounting services. Track business expenses.

Expense Reduction 86

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Unleashed

FEBRUARY 29, 2024

Retail software, also called retail management software, refers to digital systems used by retail organisations to manage various business activities, including stock control, payment processing, customer management, and bookkeeping. What is retail software? There are many types of retail software, as we’ll soon cover.

Prescriptive Analytics Software 52

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SYSPRO Smarter ERP

APRIL 26, 2023

No longer will spreadsheets and simple accounting packages do; neither will outdated incumbent ERP applications that do not support modern business needs. It unifies people and business processes to improve daily operations. It also provides insights into how assets of the business, such as inventory, are being used.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

My Office Apps

MAY 30, 2023

ERP for Distributors: Streamlining Operations for Efficiency and Growth In today’s competitive business landscape, distributors face numerous challenges in managing their operations efficiently while ensuring sustainable growth. Enterprise Resource Planning (ERP) systems have emerged as a powerful solution to address these challenges.

Optimal Sourcing 78

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My Office Apps

JANUARY 16, 2024

Cloud-Based Enterprise Resource Planning (ERP) is a modern and transformative approach to managing core business functions by utilizing cloud computing infrastructure. Cloud-Based Enterprise Resource Planning (ERP) is a cutting-edge approach to managing core business functions using cloud computing.

Optimal Sourcing 84

Optimal Sourcing Eliminating Excel in Purchasing Manufacturing Procurement Procurement Analytics 84

Turvo

SEPTEMBER 10, 2021

Accounting visibility is a term that can get thrown around a lot when it comes to logistics service providers. It may not be as exciting as dealing with customers directly and managing the actual transportation process. The High Costs of Poor Accounting Visibility.

Real-time Visibility 80

Real-time Visibility Expense Reduction Waste Reduction Cost Reduction Strategies 80

Supply Chain Game Changer

JULY 19, 2021

Accountants article and permission to publish here provided by Mikejohn Arizon. From new payment modes to decentralized ledgers – the role of banks and financial institutions is undergoing a massive change. Employers look for accountants and analysts who can work with digital data, applications, and advanced software solutions.

Buyer Training 98

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Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, also known as beginning inventory, is the total value of stock held by a business and able to be sold at the start of an accounting period. When calculated correctly, opening inventory should equal the ending inventory from the previous accounting period.

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Supply Chain Matters

MARCH 4, 2024

FAA Administrator Mike Whitaker reportedly met with Boeing CEO Dave Calhoun and other key executives and succinctly indicated: “ Boeing must commit to real and profound improvements ,” and he further added that: “ the FAA would hold the company accountable every step of the way, with mutually understood milestones and expectations. ”

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Sourcing 52

SCMDOJO

AUGUST 19, 2022

According to the premier State of Supply Chain Complexity survey, the following are the recent trends in the manufacturing sector regarding supply chain complexity: 91% of businesses struggle to manage supply chain complexities. Difficulties in supply relationship management. How to Manage Supply Chain Complexities.

Supply Chain Software 115

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Resilinc

APRIL 23, 2024

Embracing ESG principles isn’t merely a matter of compliance or reputation management; it’s a strategic imperative for companies seeking long-term resilience and anti-fragility. Across the world, countries are implementing ESG legislation to make supply chains more resilient and ethical.

Chemicals 74

Chemicals Sustainability Report Supply Chain 74

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Today’s best inventory management software is built for mobile devices. Wonder no more. Specifically, the use of perpetual inventory systems.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 79

Precoro

JANUARY 29, 2024

That’s why developing an exhaustive procurement management plan is not just a strategic move to keep spending under control and mitigate financial risks ; it's also a necessity for navigating the complexity of changing markets and ensuring the uninterrupted flow of business operations. for the US yet 10.7%

Procurement Solutions 98

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Exiger Perspectives

MAY 6, 2024

Development and deployment will be led by Exiger’s new Vice President & Global Head of Proactive Intelligence, Mary Luciano , who previously led the Supply Chain Risk Management and Intelligence Team at Amazon Web Services (AWS) and the Global Intelligence Team at Hilton, in addition to a significant tenure as an FBI Intelligence Analyst.

Supply Chain Software 59

Supply Chain Software Supply Chain Execution Supply Chain Analytics Software 59

Supply Chain Game Changer

AUGUST 16, 2022

Financial modeling is an essential component of what you do in finance and banking in particular. All of the online courses on this list will teach you financial modeling, but they also provide something more. Top Financial Modeling Courses Online. Financial Modeling by Udemy. Subscribe to Supply Chain Game Changer.

Course 91

Course Modeling Modeling Software Material Savings 91

Unleashed

JANUARY 31, 2023

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. The cost of transporting goods can affect how you manage your in-transit inventory.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

Supply Chain Game Changer

JULY 2, 2021

Creating a Culture Focused on Money Management. Financial management article and permission to publish here provided by Marlene Coleman. Financial management is also one of these business aspects that demand exceptional attention. That is why financial management is essential for every business today and beyond.

Expense Reduction 73

Expense Reduction Supply Chain Planning Software Optimal Sourcing Analytics Software 73

Supply Chain Game Changer

JULY 26, 2021

Accounting Certifications. Accounting Certifications. Accounting certifications are universally useful across industries because quite literally every business needs an accountant. For this reason, accountants are always in demand, consistently command good salaries and feature stable and predictable career trajectories.

Negotiating Skills 98

Negotiating Skills Buyer Training Supply Chain Design Software Purchasing Training 98

ThroughPut

AUGUST 18, 2023

However, ‘how to align the two functions in a way that the impact of supply chain improvements on financial performance can be tracked, controlled and demonstrated’ is a question that most supply chain leaders are grappling with. Cost optimization and risk management in supply chain management is of particular interest to finance.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Material Savings Expense Reduction 52

Taulia

SEPTEMBER 8, 2023

But it’s also a key indicator of short-term financial and operational health. It’s a useful metric to measure the short-term financial health of a company. It’s a useful metric to measure the short-term financial health of a company. What is working capital? Calculating working capital is straightforward.

How To 52

How To Inventory Reduction Expense Reduction Material Savings 52

Exiger Perspectives

MAY 7, 2024

Agency of Record Debuts First Brand Campaign for Supply Chain AI Leader BOSTON. Exiger named Hill Holliday its agency of record last fall. The integrated campaign spotlights how 1Exiger , the first-of-its-kind, end-to-end supply chain platform, is empowering procurement, risk, compliance and supply chain professionals to harness advanced AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 52

QAD

MARCH 15, 2022

This activity falls to the accounts payable department. Basic Accounts Payable Responsibilities. Accounts payable is a critical operation in a manufacturing company as it has a direct effect on the company’s cash flow. Historical Accounting Methodologies. If everything matched, the invoice was released for payment.

Manufacturing Procurement 92

Manufacturing Procurement Manufacturing Purchasing Skills Price Reduction 92

BlueYonder

DECEMBER 6, 2022

Here are some habits you can start adopting now to keep yourself safe as cyber-attacks rise: Use passphrases instead of passwords Incorporate a trusted password manager Don’t share passwords with others Avoid reusing passwords across multiple accounts. Viewers are being targeted with malware disguised as harmless applications.

Supply Chain Network Software 88

Supply Chain Network Software Security Supply Chain Software Just-in-Time 88

Supply Chain Matters

JANUARY 30, 2024

UPS Cutting Upwards 12,000 Management Level Jobs Parcel and supply chain specialty services provider UPS announced today plans to trim upwards of 12,000 jobs in 2024 as a result of a protracted decline in business volumes along with the consideration of increased use of advanced technologies. percent of total revenues in 2023, a 0.5

Price Reduction 59

Price Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Planning Software 59

Precoro

SEPTEMBER 4, 2023

Money that becomes available after all current liabilities are accounted for – or “released working capital” – can then be used for various purposes, such as covering operational expenses, investing in growth opportunities, or improving overall liquidity. The answer lies in their cash conversion cycles.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Elementum

FEBRUARY 7, 2024

AI-driven systems improve understanding and management of workflows. These tasks range from simple data entry activities to more intricate operations like managing the supply chain. This post dives straight into how AI is reshaping BPA, offering solutions that streamline operations and free up your team for strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Procurement Academy

JANUARY 22, 2021

The key to successful procurement operations is having superb financial management. In this post, we’ll discuss what you can achieve by aligning your financial management goals with your procurement plans ?— Your organization can achieve positive working capital if you make sure to have a good financial manager.

Negotiating Skills 105

Negotiating Skills Optimal Sourcing Procurement Buyer Training 105

Taulia

FEBRUARY 27, 2024

A guide to digital supply chain management The emergence of tools and techniques that facilitate digital supply chain management has opened up brand new possibilities for companies looking to make the most of their supply chains. What is digital supply chain management? Here’s everything you need to know about it.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Forecasting Software Procurement Solutions 52

Taulia

FEBRUARY 23, 2022

Small businesses and multinational corporations alike rely on financial modelling tools and techniques to predict future cash flow. And, at least for the short to medium term, accounts payable is one area of the balance sheet for which forecasting can be particularly valuable. The basics of financial modelling.

Forecasting 52

Forecasting Forecasting Software Modeling Modeling Software 52

Global Trade Management

SEPTEMBER 11, 2023

Could supply chain finance (SCF) play a crucial role in aligning ESG with supply chain management? The CEO, however, should take primary accountability and serve as the driving force behind comprehensive ESG initiatives. Global supply chains are responsible for up to 80% of the world's total carbon emissions.

Supply Chain Software 52

Supply Chain Software Supply Chain Optimization Supply Chain Modeling 52

QAD

OCTOBER 18, 2022

The COVID-19 pandemic, the 2021 Suez Canal obstruction, natural disasters, wars, scarcity of semiconductors, the energy crisis in Europe…are all examples showcasing the need to better manage and monitor your supplier base. How will your organization monitor and manage suppliers? Are the employees provided a living wage?

Gartner 98

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QAD

JANUARY 19, 2023

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. Function: operation management, logistics and inventory.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 94

Unleashed

FEBRUARY 14, 2024

Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Game Changer

SEPTEMBER 21, 2022

Digitzo was established to deliver high-quality financial services to individuals interested in transacting commercially viable instruments. Digitzo is a coin broker that gives its customers access to transact financial instruments by using the company’s in-house platform. Subscribe Here! Email Address. A Glance at Digitzo.

Currency 85

Currency Electronics Supply Chain Software Customer Service 85