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7 Things To Consider For Efficient Spare Parts Management

SCMDOJO

Ensuring Timely Repairs: Having a well-managed inventory of spare parts ensures quick and timely repairs. Improving Employee Productivity: A well-managed spare parts inventory ensures that employees can swiftly access the components they need. Let’s explore the key strategies to ensure your maintenance operations run smoothly.

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6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Get Our EBOOK HERE. Procurement Cost. The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more. Inventory Turnover (Cash). Subscribe Here! Email Address.

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Resilience is the New Critical Supply Chain Strategy!

Supply Chain Game Changer

Get Our EBOOK HERE. Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.

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The Supply Chain Construct for New and Growing Businesses!

Supply Chain Game Changer

Get Our EBOOK HERE. That is the purview of Procurement. Supply Chain oversees Inventory levels and Inventory turnover, Accounts Payable terms, the cost of goods and services, timing of cash inflows and outlays and which define cash flow. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

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How to Prevent the Next Semiconductor Shortage

QAD

Poor inventory management and lack of full inventory visibility, including inventory held by next tier suppliers. Long-term planning information is critical for the lower tier suppliers to plan and purchase their materials wisely. Do you have a customer inventory policy for long lead time and critical parts?

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Optimization 101: The Indirect Supply Chain Explained

AFFLINK

Indirect spend can consume up to 50% of purchasing dollars and turn profitability into loss. This flip from profit to loss can be avoided if the tools are in place to monitor proper product usage that determines spend and provide your company with measurement standards across the broad spectrum. Office supplies: paper and pens.