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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

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Patterson Pope’s 5 KPIs for Managing a Warehouse

The Logistics of Logistics

The warehouse is one of the most important links of the supply chain. It’s crucial to optimize warehouse management operations in order to compete with other businesses. Key performance indicators (KPIs) give you a means to measure how well you are doing and make the right adjustments. Accuracy of Inventory Records.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. Also,they need to keep a track of the goods which are in transit and not just those which are in stock at the warehouse. How do you analyze accurate inventory performance? DEMAND FORECASTING.

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10 KPIs to measure inventory management performance

Taulia

Too much inventory and your holding costs will increase unnecessarily, too little and you might have issues with stock-outs. It might not feel like it, but inventory can be seen as a liability rather than an asset when you consider that it costs money to keep hold of it. Average days to sell inventory. Supplier quality index.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Inventory Optimization can easily help manufacturers overcome warehouse management and stocking problems. What are the Important Aspects of Inventory Optimization? Demand forecasting. Stock replenishment.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Inventory Optimization can easily help manufacturers overcome warehouse management and stocking problems. What are the Important Aspects of Inventory Optimization? Demand forecasting. Stock replenishment.