Remove category planning-for-erp-or-purchasing-erp
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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

This blog post started a series of telephone calls. A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The planning team was defending the status quo without questioning current practices and how to improve them.) Definition.

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

As you read this blog, I hope that you will see me as a positive contrarian versus an old curmudgeon. ” I believe that the industry is stuck. My question is, “How do we break the conventional norms to drive breakthrough thinking?” As I listen, I struggle. Before you react, here are some definitions. The reason? Or Nividia?

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What is Supply Chain Management? Importance & Benefits

QAD

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. The five basic components of supply chain management are: Planning – Organization matters. Supply chain management software helps to forecast demand and plan ahead through data and analytics.

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Two Types of Procurement: Project Based and Operational!

Supply Chain Game Changer

In general, project-based procurement is the process of purchasing materials for a specific project over a predetermined period of time. Operationally project-based procurement, involves grouping all purchasing activity within a project framework, allowing the organization to plan its budget accordingly.

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Total Manufacturing Cost Formula: Metrics that Matter

QAD

Here’s a formula to calculate your total direct materials costs: Beginning Inventory + Added Purchases – Ending Inventory = Total Direct Materials Costs. This includes a thorough account of the cost of overhead, materials used, labor, and any other manufacturing expenses that contributed to completing the product. What is Direct Labor?

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The Importance of Visibility In the Supply Chain

Precoro

In this blog post, we'll answer the following questions: What is supply chain visibility? On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. This can be achieved by improving supply chain visibility.

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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

This blog intends to assist you through the labyrinth of procurement training by pointing out the most reliable courses that fit your objectives and aspirations and hence act as your compass in the realm of procurement training, whether you’re hoping to break into the sector, looking to up skill, or yearning for promotion chances.