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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How to save Material Cost in Supply Chain

How much is 1% of your total Material Cost? A typical manufacturing company spends 60-70% of its total revenue in direct material procurement. If your company has a revenue of say $100 Million, 60-70 Million could be spent on direct materials. 1% of it is $600-700 thousands. That is lot of money to let go loose due to poor communication in Supply Chain. The below scenarios appears to be simple and part of day to day operations of a company. But it [...]

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How to Improve Customer Satisfaction – Perfect Order Execution

In this time of severe competition, cost of gaining a new customer is very high. Imagine the cost of losing a customer. It is sky high. But companies lose customers every day as an imperfect order execution leads to losing the customer. What causes an imperfect order execution. Inadequate communication is one of the major cause in imperfect order execution. A customer order is to be treated like a living entity and is to be taken care of every step [...]

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