Remove Comparison Remove Document Remove Inventory Remove Warehousing
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3 Common Inventory Management ‘Sins’—And How to Avoid Them

Logistics Bureau

Three rules are really important in inventory management. These are the A-lines and should be prioritised in the warehouse. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. 4) Comparisons will be impossible. 2) Forecast Demand. Hidden costs.

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The Top Supply Chain KPIs to Know

GlobalTranz

A perfect order consists of on-time delivery, in full delivery, damage-free delivery, and appropriate, accurate documentation. That means the company is sitting on inventory for one week, so the number of reorders decrease. Warehousing and Transportation Costs. Take a moment to consider the characteristics of a perfect order.

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Free PO Software vs. Paid Software

Precoro

The need to manually create, store, manage, and analyze the ever-growing purchase orders and all associated documents can be pretty cumbersome. Plus, find a comparison table of some free purchase order software and paid programs. Some solutions can also help you securely manage documents associated with POs.

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A Recommended Approach to Warehouse Layout and Operational Design

Logistics Bureau

Is your warehouse full of pallets sitting on the aisle instead of up in the racks? Is your warehouse operation inefficient? Does your warehouse storage and layout design desperately need optimisation? Is your current warehouse lease ending, leaving you to decide between staying put and moving to a new facility?

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Procure-to-Pay vs. Intake-to-Pay: What You Need to Know

Precoro

As the procurement cycle involves many documents and constant back-and-forth communication, automation is here to minimize human errors, streamline document creation, improve spend control, and increase visibility for requesters and approvers. Intake-to-pay software: Inventory control is not typically available.

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Blockchain for Supply Chain: A Comprehensive Guide for Businesses

SCMDOJO

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. They collaborated to trace a bundle of sliced mangoes back to its source, with traditional paper documents taking nearly seven days to complete the task.

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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. We’ll start by explaining why inventory costing is important.