Six Supply Chain Planning Strategies to Maximize Your Company’s Performance

Supply Chain An efficient supply chain is critical to achieving order accuracy and customer satisfaction. Companies must take the initiative to improve the training of supply chain employees and periodically review their relationships with key vendors and shipping agents. Additionally, they should consider automating their inventory management processes to conserve…

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Supply Chain Planning Trends for the Year
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Supply Chain Planning Trends for the Year

Supply Chain Planning Trends  Trends for supply chains are shifting rapidly on a global scale. This year, these shifts are going to coalesce around a few specific themes. Increased Partnerships and Collaborations It used to be that supply chain logistics could either be handled largely by just one provider or…

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Why a Proactively Transparent Supply Chain is Smart Business Practice
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Why a Proactively Transparent Supply Chain is Smart Business Practice

While it's true that governmental over-regulation stifles growth and often gives companies the feeling of being under siege, a proactive habit of transparency in the supply chain -- initiated by the company, flowing out from within its culture -- can be beneficial to both the consumer and the company's bottom-line.…

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The Worst Advice We’ve Ever Heard About Demand Planning
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The Worst Advice We’ve Ever Heard About Demand Planning

It is no secret that demand planning is a process that many businesses go through to remain successful. It allows for the creation of forecasts that will help the business manage their inventory levels. This is beneficial because the business can then use this information to align their inventory levels along with…

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Statistical Forecast for Better Demand Planning
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Statistical Forecast for Better Demand Planning

Using a statistical forecast as a starting point often proves to be a solid start to a collaborative Demand Planning process. First, why do companies forecast? There are several benefits of more accurate forecasts;   Improve customer service levels. Increased sales. Reduced cost of carrying inventory. Improved cash flow projections. Production…

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7 Great Benefits of Vendor Managed Inventory
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7 Great Benefits of Vendor Managed Inventory

  Vendor Managed Inventory Vendor Managed Inventory, or VMI, is a business relationship where a manufacturer or distribution business takes over management of inventory for a retail or wholesaler. Using Electronic Data Interchange (EDI) or other electronic methods for communication, the vendor of the product will manage orders and fulfillment for…

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