Supply Chain Management

Supply Chain Planning – A Quick Guide

Recent years have seen unprecedented disruption in the global economy. Large-scale events such as trade wars, tariffs, COVID-19, and port throughput issues have created massive pressure on the company’s supply chains.

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The Bullwhip Effect and How to Manage It

The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.

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What Is Vendor-Managed Inventory (VMI) and How to Use It?

Vendor-managed inventory is a supply chain management method wherein a supplier is responsible for replenishing the inventory of the buying company. This approach can lead to better inventory optimization, reduced costs, and stronger relationships between companies.

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Vendor Management – An Essential Guide for SMEs

Vendor management is a set of tools that companies use to ensure profitable and efficient relationships with their suppliers. Coming a long way from traditional phone calls, faxes, and emails, today even small businesses have started to utilize software to manage their communication with vendors.

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Inventory Tracking – An Essential Guide For SMEs

Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time.

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How to Manage Supply Chain Disruptions?

The world has experienced historic supply chain disruptions during the last years. From trade wars and COVID-19 to semiconductor shortages and the Suez canal blockage – there are few industries that have not been affected. The lesson learned is to be better prepared and to remain flexible.

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