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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

I gave thanks when the Patriots jet—championed by Mass General and Robert Kraft (owner of the Patriots)—landed in Boston with a million masks. As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Evaluate Inventory. Evaluate inventory health weekly. It is tough. What to do?

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10 Ways IoT Can Improve Supply Chains

IQMS

Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. Improving track-and-trace reduces the need for buffer stock by providing real-time visibility of inventory levels and shipments.

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Logistics Warehousing in the Pharmaceutical Supply Chain

Kanban Logistics

It also enables the 3PL to perform inventory management protocols like FIFO (first in first out; the oldest lots of items will be distributed first) and FEFO (first expired first out; the products closest to their expiration dates will be distributed first). Items that have common characteristics important to the manufacturer (e.g.,

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Why Use Purchase Orders (POs) in Your Bookkeeping?

SCMDOJO

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. But most will agree that one document is crucial for nearly all business functions, and automating it can ultimately boost your profits. Sure, you’ll get different answers. Here’s why.

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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

And, according to a Boston Consulting Group (BCG) study, 54% of companies with above one billion in revenues are now considering reshoring. Errors in interpretation of product specifications, shipping documents, and other critical instructions, due to language barriers are reduced. a move known as reshoring.

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Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

With eKanban implementations, this can be any number of problems including excess materials on hand, slow inventory turns, too much scrap and more. For an eKanban project, this would involve documenting the flow of the current, manual Kanban process. For example, they were literally logging 7 miles a year to track down inventory!

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What is an Engineering Change Order (ECO)?

Arena Solutions

An engineering change order (ECO) is a document that specifies either new product design details or proposed changes to existing products. ECOs provide a list of all the components, assemblies, and other documents that are affected. These include manufacturing change orders (MCOs) and document change orders (DCOs). ECO benefits.