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Smarter, Low-Risk Commodity Buying

ToolsGroup

By FinStock South Africa. The importance of having the right inventory at the right price to service customer demand is crucial. The trade-off between low cost, long lead time inventory and higher priced short lead time inventory is a daily decision to balance the risk of unsellable stock versus stock outs.

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Understanding the Salaries in Supply Chain Management

SCMDOJO

Salaries You Can Expect in Supply Chain Management Region-Wise: Here is a list of salaries for different supply chain designations: Demand planner, Supply chain analyst, Master scheduler, Purchasing manager, Inventory manager, Logistics manager, Procurement manager, Materials manager, Supply chain manager, and Supply chain director.

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Supply Chain Roundtable Series: Getting Demand Forecasting Right 

Unleashed

That means analysing the market, global and local economics, your competition, and the latest industry trends before focusing on internal factors such as revenue and profit margins. Protecting profit margins from ALC inflation ALC (Average Landed Cost) is a crucial metric in demand forecasting and inventory valuation.

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ERP Aids Your Sustainability Initiatives

QAD

The sustainability trend goes beyond businesses that may have positioned themselves as “green” primarily for marketing benefits. Consider the effects of excess inventory and unnecessary shipments. Having comprehensive control over the movement of stock and orders helps manufacturers combine orders and reduce inefficient shipments.

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Unleashed SME Supply Chain Resilience Roundtable: Improving Cash Flow in a Manufacturing Business

Unleashed

While this may prevent critical stockouts, it’s created another problem: All their cash is tied up in inventory, leaving manufacturers desperately scrambling to pay bills and employees on time. In South Africa, there are a lot of third-party fulfilment companies , so costs were going up with them.”

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Taking the Hill

Supply Chain Shaman

Three trends are clear: The industries are not making equal progress. When companies look at singular metrics (labor costs or inventory), they have moved backwards. I will be writing the first draft of the manuscript on my way to South Africa on May 30th. Companies are competitive. Which industry sector can we learn from?

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The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

That’s where omnichannel retail trends enter the equation. In this post, we’re covering the top omnichannel trends that are earning market share. Read till the end to find tips on how to execute these trends and boost ROI. Using shop-by-store features to check inventory availability before going to make purchases in-store.