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Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

What is an easy definition? There is no class of technologies, or common definition, for “control towers.” For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. Without clear definitions projects expect failure. Visibility.

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Inventory Shrinkage: Definition, Causes, Journal Entry

Unleashed

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

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The Definitive Guide to Cost Savings

Precoro

Inventory Adjusting inventory levels can also contribute to cost savings. Is your inventory optimized ? Is it possible to reduce inventory levels without risking the shortage? Optimizing Inventory Stocking levels Businesses with optimal inventory levels minimize the risk of stock obsolescence and reduce storage costs.

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Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Today, there is no standard definition of digital. The numerous definitions across the supply chain technology and consulting providers are very different and often confusing. What is a digital brain?

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What is Freight Forwarding? Definition, Benefits & Risks

Unleashed

Managing all documentation. Freight forwarders handle the documentation involved with transporting goods overseas and organise all shipping under their own bill of lading. Managing inventory during the shipping process. Customers usually expect freight forwarders to control costs. Organising the customs process.

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Production Management: Definition, Tools, & Processes

Unleashed

Different disciplines are required to facilitate efficient production management processes including scheduling, planning, process improvement, production inventory management, and quality control. Maintain par levels of raw materials and inventory stock used to produce your goods. Improve visibility across manufacturing dashboards.

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What is a Purchase Order? Definition & How to Raise One

Unleashed

A purchase order (PO) is an official business document sent by a buyer to a seller to authorise a purchase. Purchase orders are legally binding documents that facilitate fair trading between two companies, or between a company and a sole trader. A purchase order also enables you to track inventory on order.