Weather Disruptions: Global Supply Chain Management
Inventory Health: Can You Reduce Your Inventory By 20% By Next Quarter?
In recent years, we’ve seen plenty of examples of extreme weather disruptions and this, unfortunately, impacts on the supply chain management with production delays, shipping disruptions, and more. While we attempt to plan ahead, it’s almost impossible to eradicate this issue completely and extreme weather on the other side of the world can still impact […]
Sustainable Procurement: 5 Benefits That You Should Consider
Can you reduce your inventory by 20% by next quarter? Supply chain managers often get some goal or target to reduce their inventory by x amount of dollars or a certain percentage. Sometimes this is because the industry benchmark is lower than your own, or because your manager will get a nice bonus out of […]
Safety Stock Reorder Point: Just Reorder When You Hit The Safety Stock
With global warming in our backyard, sustainability is trending now and everywhere, a business sector not being an exception. Recent studies show that consumers command accountability and prefer eco-friendly and socially responsible products over less sustainable goods and services. Sustainability, being one of the more recent trends, its definition is not always clear and the standard […]
Just reorder when you hit the safety stock Both working as a supply chain consultant and as an employee in a supply chain department, I was tasked to lower the safety stock as a cost reduction project, of course without impacting our service levels towards our customers. When discussing strategies with the supply chain managers […]