Remove Aerospace Remove How To Remove Inventory Remove Procurement
article thumbnail

How Perpetual Inventory Systems are Transforming Business Operations

RFgen

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

article thumbnail

Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Hurricane season 2024: how to prepare your supply chain

Resilinc

Discover why experts predict robust storms and how to safeguard your supply chain. Learn more about the most significant extreme weather and climate-related risks procurement professionals should pay attention to in 2024: How Will Climate Change Impact Supply Chains in 2024?

article thumbnail

How to Become DFARS Compliant and Avoid Counterfeit Parts in the Aerospace and Defense Supply Chain

RFgen

We’ll also provide questions and strategies to help contractors improve systems and processes for combatting counterfeit electronic parts in the aerospace and defense supply chain. This practice, combined with buying back excess inventory from customers, has introduced counterfeits into the inventories of authorized distributors.”

article thumbnail

Parts Are Not Parts

Supply Chain Shaman

Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. The largest increase is in Aerospace and Defense (A&D). Days of Inventory by Industry Across Years. PFEP optimizes the policies that define how to procure each part.

article thumbnail

How to Manage Supply Chain Impacts from the COVID-19 Pandemic: From Walmart to Tesla to ThroughPut Inc

ThroughPut

The stores know that pattern and adopt procurement strategies to satisfy that need with some safety stock in mind due to occasional new customers popping-in or other predictable variability of the consumption process. But the consumption rate of those standard goods (inventory) presumably stays more-of-less the same.

article thumbnail

How to Manage Supply Chain Impacts from the COVID-19 Pandemic: From WalMart to Tesla to ThroughPut Inc

ThroughPut

The stores know that pattern and adopt procurement strategies to satisfy that need with some safety stock in mind due to occasional new customers popping-in or other predictable variability of the consumption process. But the consumption rate of those standard goods (inventory) presumably stays more-of-less the same.