Overproduction Dilemma: Balancing Fixed and Additional Costs in Supply Chain
by As a business owner or manager, one of the biggest challenges you may face is dealing with excess inventory or overproduction. While it may seem …
Category: Costs
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
How Top Management’s Clear Direction Can Enhance Company Performance
In the fast-paced world of business, having a clear direction is essential for companies to stay on track and achieve their goals. Clear direction from …
Closing Down a Manufacturing Plant: Options, Challenges, and Strategies for a Smooth Transition
Manufacturing plants are essential to the economy of a country. They provide jobs for people and contribute to the production of goods. However, some manufacturing …
The Ultimate Guide to Raw Material Price Negotiations for Small Volume Customers
When it comes to running a business, the cost of raw materials can make or break your profit margins. As a business owner, you understand …
Spot Purchasing vs. Contracts: Which is the Right Choice for Your Raw Material Needs?
As any manufacturer knows, raw materials are essential in the production of finished goods. Without a reliable supply of raw materials, production can come to …
The Importance of a Balanced Approach to COGM and COGS Prioritization
When running a business, it can be challenging to decide where to allocate resources and prioritize expenses. One common decision is whether to prioritize COGM …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
The Importance of Transparency in Supply Chain Audit for Improved Efficiency and Risk Management
Supply chain audit is the process of evaluating and testing all aspects of your supply chain, including planning, purchasing, production, delivery, and customer service. Its …
Costs / Planning / Warehousing
Improving the Efficiency of Non-Standard Warehouses: Renovation or Better Utilization?
As a business owner or manager, having a non-standard warehouse in terms of facilities, layout, and so on can indeed be a challenge. Have you …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Navigating Office Politics in Supply Chain Management: Strategies for Success
Office politics is a common phenomenon that occurs in various types of organizations, including the supply chain industry. It refers to the activities of individuals …
Fast Logistics vs. Cheap Cost: Which One is More Important?
Shipping and logistics have become increasingly important in the era of global trade. However, with the plethora of shipping services available, it often confuses entrepreneurs …