Supply Chain Shaman
JANUARY 8, 2024
No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. The supply chain has two important buffers–inventory and capacity.
Vecco International
FEBRUARY 4, 2024
Vecco provides mission critical end-to-end visibility and response capabilities to manage inventory. Projected inventory is automatically recalculated and compared to minimum and maximum targets as supply or demand events are recorded. Crucially, Vecco innately supports batch and process manufacturing – key to the food industry.
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Logistics Viewpoints
OCTOBER 12, 2023
Nearly eight in 10 (78%) consumers consider food waste, likely out of a desire to minimize spending. Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.”
Unleashed
OCTOBER 16, 2023
Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?
SCMDOJO
NOVEMBER 9, 2023
Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.
Kanban Logistics
FEBRUARY 28, 2023
Food products require special care and handling across the entire supply chain. Add the complexities of compliance to the equation – whether regulatory compliance such as the Food Safety Modernization Act (FSMA) or compliance related to strict manufacturer requirements – and the situation becomes even more challenging.
Unleashed
NOVEMBER 16, 2022
Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. Food 93.69%. The average price paid for goods purchased.
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