Remove Blog Remove Data Remove Inventory Remove South Africa
article thumbnail

Smarter, Low-Risk Commodity Buying

ToolsGroup

By FinStock South Africa. The importance of having the right inventory at the right price to service customer demand is crucial. The trade-off between low cost, long lead time inventory and higher priced short lead time inventory is a daily decision to balance the risk of unsellable stock versus stock outs.

article thumbnail

How manufacturers can respond to supply chain disruptions

SYSPRO Smarter ERP

The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supply chain and impact South Africa. Supply chains over the years have predominantly focused more on minimising end-to-end costs, reducing inventories while driving up asset utilisation. Supply chain challenges.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Do You Define a Mature Supply Chain Planning Organization? (Part 1)

Supply Chain Shaman

Clear understanding that the focus needs to be on the probability of the forecast, and that the focus needs to be outside-in based on channel data. Supply Chain Planning Data. Planning data is determined at the time of implementation and is seldom validated and refined. Focus on the level of inventory. Little clarity.

article thumbnail

Supply Chain’s Must Adapt Before Global Conditions Change

Enterra Insights

He explains, “I almost feel that we should be shouting ‘Vuka’ which in Xhosa (one of the South Africa languages) means ‘wake up.’ How it will self-manage customer inventories. Martin asserts organizations have a “desire for greater transparency and data analytics that drive business insights.”

article thumbnail

Digital transformation for Africa’s manufacturing and distribution CIO and CFO

SYSPRO Smarter ERP

Whether in the cloud or on-premise or both, security of access, data and supplier integrity are paramount with digital transformation – but solid security is also required to create customer’s confidence in deployment of any Business IT. All CIOs and CFOs have an appetite for innovation and diversity through technology.

article thumbnail

Building Outside-In Processes

Supply Chain Shaman

During the afternoon, as I quietly held the pieces for Jake’s monster, my mind composed my blog post for the week. I am half-way through a spring speaking tour that will wrap-up in June with a speech in South Africa and Peru. Map the data and the processes outside-in. Forms of Channel Data. I am not quite sure.

article thumbnail

The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

Using shop-by-store features to check inventory availability before going to make purchases in-store. In creating a seamless omnichannel experience, it is imperative to ensure your products are available when and where the customer expects them, with inventory optimized to the ideal location. . Inventory Visibility.