How to Extend ERP to Supply Chain

ERP (Enterprise Resource Planning) is an In-house system that sits behind the company firewall. All the core data needed for the day to day operation of the company lives in this system. Supply chain is traditionally outside the company’s firewall. All external trading partners and suppliers are part of the supply chain. So, there is a clear disconnect here. All the vital data needed for the effective supply chain operation is not available for the external supply chain. Integrated Supply Chain and [...]

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Inventory Visibility in Contract Manufacturing

Contract Manufacturing on the Mechanism of Metal Gears. Contract Manufacturing is being widely adopted in industries nowadays. It was very popular in electronic industries. Everyone knows that Apple manufacturers most of its products with its contract Manufacturers. While Research and Development is done by the product owners, manufacturing execution is outsourced to contract manufacturers.   Contract Manufacturing can be of two major types Consignment or Turnkey manufacturing. In Consignment manufacturing, all necessary material is procured by the product company and delivered to the [...]

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Why Forecasting is a Valuable Tool in a Supply Chain

Forecasts are future view Senior business man searching new opportunities for his company Forecasts are very important information in Supply chain. They tell everyone what to expect in the short and long future. But the key to the usefulness of information is only when it is shared. Shared with the right person at the right time.         How does supply chain uses Forecast As the name says, Supply Chain is a chain. There are links in the front and links in the back. Customers [...]

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Supply Chain Collaboration is Crucial for Businesses to Achieve Optimum Operational Efficiency

The Supply Chain has always been an integral part of any business. Supply Chain function is highly responsible for in – bound and out – bound logistics and moreover, the internal processes of the organisation. A supply chain collaboration enables the organisation to convey the accurate information to the distribution channels and also to enable the client or the final customer to track the processing and get the status quo of his requirement. Therefore most of the organisations have [...]

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Dynamic Supply Chain

Dynamic Demand Drives Dynamic Supply Chain Dynamic Demand Fluctuation makes the Supply Chain also Dynamic. Companies are pushing the inventory down the lane to suppliers and would like to delay their procurement as late as possible. Many of the large retailers like Amazon, Home Depot are insisting on very short delivery window of 3 days. They expect to procure and ship with in the same week. This is possible in case of retailers who buy finished goods and ship the same without any [...]

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COLLABORATION IN THE SUPPLY CHAIN

Technology today, enhance collaboration in Supply Chain to a great extent A recent trend in the supply chain and collaboration focus on joint planning, coordination and process integration between suppliers, customers and partners in a supply chain, collaboration is meant to overcome the challenges in Supply Chain and has the advantage of faster product output, reduction of production and logistical cost, increase of efficiency as well as maximizing return on investments for all members This is an interaction supported by a [...]

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EVALUATE YOUR SUPPLY CHAIN – SURVEY RESULTS

A survey was conducted among procurement professionals in the LinkedIn group for Procurement Professionals. The objective of the survey was to assess how companies are managing their communication in procurement and the role of Supplier Network portal and Mobile applications in supply chain. The results are below 1. Do You have critical items being sourced from outside vendors ? Yes – 90% No – 10% 2. Do your suppliers always acknowledge your PO in time and give delivery estimates ? Yes – 20% No [...]

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SUPPLIER PERFORMANCE MEASUREMENT – EVERY SUPPLY CHAIN MANAGERS TO DO TASK

Every Supply Chain Manager has an important task of measuring his suppliers performance, providing feedback to the Suppliers and encouraging to improve their performance. Measuring the performance of suppliers is to be done both qualitatively and quantitatively. Both are important and required. Using both the results, the Supply Chain Manger to come up with the final scoring results for the suppliers and communicate to them. Let us see each of the methods and how to measure Suppliers performance with it. Qualitative [...]

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How to Extend Your ERP System Into a Supply Chain System

  ERP Enterprise Resource Planning had traditionally been considered as the system to be used only behind the four walls of an organization. With the Globalization of manufacturing, Outsourcing and lean manufacturing concepts, ERP can no longer act in isolation. The information needed for the efficient operation of the Organization is no longer available within the Organization. Most of the information comes from outside from value chain partners like Suppliers, Contract Manufacturers, Third Party Logistics Providers and transporters. The flow of information is [...]

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QuickBooks and Supply Chain Management

QuickBooks had always been considered as the best accounting software for small companies. It was considered as Expense and Income tracker and nothing more than that. Companies were looking elsewhere for more advanced ERP and Supply chain operations. QuickBooks has started breaking that image few years back and started offering a complete ERP Solution including supply chain management to its customers. Customers with QuickBooks are thinking beyond the boundaries of Bills and Receipts when they think about QuickBooks now. Refer this [...]

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