What Procurement Means and What Procurement Managers Do
Procurement is the process through which businesses proactively source goods and/or services to meet company needs. Companies hire procurement managers and professionals to not only find suppliers to source goods at reasonable terms but to maintain supplier relationships and ensure that suppliers are performing up to par. Ultimately, procurement managers act as the primary mediator […]
What Demand Planning Is and Its Benefits
Demand Planning is the act of projecting consumer demand so that a company can make sure to have sufficient inventory to meet it. The goal in demand planning is to ultimately find a balance between a company’s supply and its demand to find an equilibrium. Using a performance management platform, a company can try to […]
What Cloud Technology Does For Software in Supply Chain Management
When planners look for supply chain solutions for the supply chain management needs of their companies, they can’t discount the importance of cloud-based systems. Cloud based solutions are those that store data through the internet so that users can access it freely at any time and any place. Since cloud computing is an innovation that […]
What Logistics Is
To define logistics requires you to understand that it is really only one integral part of supply chain management. Logistics is the process of transporting goods through each stage of the supply chain into the hands of the customer. However, logistics management is not as simple as scheduling trucks to pick up and deliver goods […]
Inventory Management Benefits
Inventory Management is the process through which inventory is maintained in order to meet the demand of a company’s goods. A great inventory management system will tell a company exactly how many items they have on hand so that they can prevent shortages or surpluses, both of which can incur costs. Shortages will cause delays […]
6 Ways to Achieve an Eco-Friendly and Sustainable Supply Chain
As far as trends in supply chains go, sustainability is by far one of the most discussed topics this year. Governments and businesses all over the globe have begun to realize the importance of sustainability initiatives, so that we can have an optimistic future moving forward. People now expect businesses to do their part in […]