Remove Analytics Remove Definition Remove Procurement Remove Warehousing
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Supply Visibility: More Important Than Ever. Yet Elusive.

Supply Chain Shaman

Warehouses are full–often with the wrong stuff resulting in the slowing of the forty million shipping containers around the world. Linkedin Comment Donald Cavin Data Warehousing Consultant at Ohio State University Comprehensive Cancer Center-James Cancer Hospital & Solove Research Institute. The list goes on and on.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Inventory carrying cost is the total sum of any expenses associated with holding inventory within a warehouse or storage facility until it is sold or used in production. Handling costs Handling costs encompass the expenses associated with managing and moving inventory within the warehouse or distribution centre.

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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

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No Time Like the Present

Supply Chain Shaman

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” In both cases, there is a clear definition of “winning.” The gap between logistics and procurement; and logistics and customer service increases process latency. The reason?

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Which supply chain and procurement skills will best equip us for the future?

Procurement Academy

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. Data analytics. Business schools and conventional approaches to supply chain and procurement education struggle to keep pace with all this change.

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Visibility: If Only I Could See

Supply Chain Shaman

The confusion starts when a supply chain leader states the need for improved visibility without a clear definition. Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). The IT taxonomy for visibility is supply chain analytics. Control tower , by definition, is similar.

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Just Jump

Supply Chain Shaman

The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Clear charters and definitions matter. Value may be in conflict with other teams. Clarity on mission.