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Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. While budgetary restrictions can stop you from taking advantage of volume discounts offered through bulk purchasing, holding too much inventory ties up cash flow that could be better used elsewhere in the business.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production.

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5 Must Read Books for Supply Chain!

Supply Chain Game Changer

Goldratt and Jeff Cox convey lessons in improving processes and operational excellence through a story about a small-town factory that’s heading for disaster. The Strategy-Driven Supply Chain. He sees all the parts of a business as being connected, from purchasing and HR to sales and marketing. Authors Eliyahu M. Conclusion.

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Is Inventory Waste or an Asset?

Supply Chain Shaman

The successful answer depends on supply chain strategy and the building of strong processes to manage supply. The goal is to become consciously competent in managing the role of inventory in supply chain strategy. Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively.

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Understanding the procure to pay process

Unleashed

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Keeping all the data when it comes to a company’s purchasing process, let alone organising it, is a daunting task. It is a key part of your company’s supply chain.

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Misnomer

Supply Chain Shaman

I work with many organizations on their supply chain strategies. They had seen my videos on the website and needed a speaker for their global kick-off meeting. This team is not buying the message. So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence.

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AGCO: Driving a Digital Manufacturing Transformation

Supply Chain Shaman

AGCO was honored to receive the AME 2017 Excellence Award. Recording of pictures and videos is accomplished in a hands-free environment via voice commands and tied directly to the unit’s documentation through the use of the Proceedix Action Management System. Today, I got a quick email from Peggy Gulick. She had some exciting news.