Make or Buy? A Guide to Making the Right Decisions
by When you want to sell a new product in your store or make a new product in your factory, you have to decide if you …
Category: Costs
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
The Importance of Business Process Mapping and How to Do It Effectively
In this post, I’ll talk about why mapping business processes is important. When I say “business process,” I mean all of the operational tasks in …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Why is Sales and Operations (S&OP) Planning Important? How to Effectively Do It?
In this post, I will discuss what Sales and Operation Planning (S&OP) is, why it’s important, and how to do it effectively. Without wasting time, …
Costs / Inventory / Planning / Warehousing
Can Excess Inventory Benefit Your Business?
Keeping excess inventory is not good. I’m sure those of you who work in supply chain management agree on that. Excess inventory disrupts your cash …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Why the Right Mindset is Needed in Supply Chain Management
In a monthly meeting with the Board of Directors, a supply chain manager I know brought up their excess inventory levels. Conditions at that time, …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
How to Treat KPIs the Right Way to Improve Your Supply Chain Performance
Some people just want to show good KPI numbers. They want to avoid questions from Top Management why their KPI targets were not achieved. There …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Why Just Understanding Supply Chain Management Is Not Enough To Make Supply Chain Operations Better
Mastering all the theories and concepts about supply chain management is not enough to make someone successful in running, let alone improving, the supply chain …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
How Wrong Supply Chain Decisions Can Bring a Business Down
When it comes to the supply chain, bad decisions can kill a business. And it was true. We’ll talk about this in this post. But …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
How to Set Cost Reduction Target Based on Supply Chain Cost Drivers
In the supply chain, you have to pay a lot of costs to keep things running. You must, of course, keep an eye on and …
How to Make Effective Overtime Planning
In the supply chain, some jobs can’t always be done during regular business hours. We need more time to finish the job. Which means there …