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Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

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?

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Real-World Scenario: Best Practices for Warehouse Contracts: Part One

GlobalTranz

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

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7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

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5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. Our Rating: 4.9/5 Our Rating: 5/5 4.

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The 3 Most Common Warehouse Receiving Challenges – and How to Solve Them

AB&R

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. In addition, with labor costs accounting for 50 to 70 percent of average warehouse budgets, wasted footsteps and employee errors cost money and reduce productivity. Inaccurate inventory data.

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11 Effective Process Improvement Techniques in Manufacturing

Unleashed

Six Sigma Six Sigma’s methodology was developed in the 1980s by a scientist at Motorola. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark. In addition to the Six Sigma concept is Lean Six Sigma.

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6 Supply Chain Tools Which Will Save You 30 Hours

SCMDOJO

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.