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Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

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Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

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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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Warehouse Wins: Leveraging Software to Transform Inventory Challenges into Inventory Triumphs

RFgen

A New Perspective on Inventory Management Inventory management can feel like a constant game of cat and mouse—chasing after ever-changing demand while trying to balance stock levels. As revealed in the RFgen Digital Inventory Report , a major challenge in inventory management is having too many challenges.

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Top 10 TikTokers to Take Off your Supply Chain

SCMDOJO

Through his TikTok videos, Eric shares valuable insights, strategies, and best practices related to supply chain management. Through his TikTok videos, Dr. Ahmed imparts valuable knowledge and insights related to supply chain competencies, skills, and best practices.

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Top 10 Supply Chain YouTube Channels to Subscribe

SCMDOJO

Similar to viewing your favourite music videos on YouTube or follow-up on other exciting programs, a few supply chain YouTube channels are worth subscribing to towards 2023. Professor Rajat Agrawal hosts the current videos on this supply chain YouTube channel. 3) CIPS – Chartered Institute of Procurement and Supply | 16.3k

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.