Supply Chain

Denis Rothman will delve into the concept of inflation, exploring it through three distinct lenses. The first lens focuses on globalization problems, considering the impact of desynchronization, the COVID-19 pandemic, and conflicts around the world.…

Essentially, SCM is managing everything it takes to get a product or service to your consumer. Since every step along the way has a cost, supply chain leaders should focus on capitalizing on opportunities, reducing…

Inventory control means you know what you have and where it is. This is where inventory control measures come into play. These measures help validate the physical quantities in inventory match system records. Typically a…

There is a significant amount of planning that goes into ensuring goods are readily available for consumers. How does the store know to have a certain item, in a certain place, at a certain time…

Successful order management allows organizations to work within capacity, deliver to meet customer needs, maintain accurate records, and meet financial objectives. Order management isn’t having someone standing over all the material handlers making sure they…

The function of procurement is to manage the whole process of purchasing products. A procurement department is responsible for activities such as receiving bids, evaluating prices and terms, negotiating deals, placing orders with suppliers, receiving…

Legal contracting in supply chain is used when an organization’s needs exceed their capacity and they need to outsource a certain task. For example, a company may have a complex demand forecast system that has…

The goal of a supply plan is to match the demand plan. When done effectively, supply and demand planning can greatly reduce costs for organizations. When supply and demand do not match, organizational costs rise.…

The primary needs of a warehouse are; means of storage (building, space), material handling equipment (pallet racking, forklifts, loading docks), and people (material handlers, leadership, administrative). These are just the basic needs. There are thousands…

To understand how downstream and upstream procurement works in the supply chain, it is important to understand the makeup of a typical procurement organization. Procurement organizations are made up of sourcing and purchasing departments. A…

Negotiating goes well beyond price. Organizations negotiating solely on price will find they end up paying in other areas or will only establish short-term business relationships. Organizations and suppliers negotiating for value put both of…

The relationship between supplier and their customers is symbiotic. Businesses need customers to survive, and customers need small businesses to meet their needs. By working together, businesses and their customers can ensure that both parties…