Remove Inventory Remove Procurement Remove Waste Reduction
article thumbnail

Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

article thumbnail

Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Companies must react after the fact, often incurring higher costs and reduced service levels. Executives are left making high-stakes decisions with incomplete information.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reducing Inventory Waste Through On-Demand Production

SCMDOJO

Excess inventory weighs down supply chains. It ties up capital, wastes storage space, and risks product obsolescence. By producing only whats needed, when its needed, they eliminate the burden of forecasting errors and reduce warehouse dependency. This lean model doesn’t sacrifice speed, but instead thrives on it.

article thumbnail

Amul’s Optimized Supply Chain: Driving Global Growth in the Dairy Industry

Logistics Viewpoints

Amul’s model supports small producers by integrating large-scale economics, cutting out intermediaries, and connecting producers directly with consumers. Direct Procurement : Milk is collected directly from farmers at the village level. This reduces intermediaries, ensuring that farmers receive a higher price for their milk.

article thumbnail

Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

article thumbnail

Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

article thumbnail

Managing Supply Chain Planning in the World of Scarcity

Supply Chain Shaman

Understanding The Shift In running the supply chain during a period of abundance, waste was a by-product of traditional thinking. The waste included: Negative Forecast Value Added (FVA) in demand planning. This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing.