The Importance of a Balanced Approach to COGM and COGS Prioritization
by 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 …
Category: Costs
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 …
Make or Buy? A Guide to Making the Right Decisions
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 …
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, …