supply chain best practices

19 Tested Areas to Seek Supply Chain Best Practices

Companies striving to achieve and sustain competitive advantage generally try to seek and implement supply chain best practices. It could be reasoned that these supply chain best practices significantly improve product quality, customer service level, increase market share and return on assets, and as a result, companies’ overall performance has been improved. The role of leadership, particularly transformational leadership, on implementing these supply chain best practices is difficult to explain and judge. However, what is visible that any efforts people make to implement supply chain best practices in pursuit of achieving competitive advantage will not go wasted. There are many saying like “it’s better to aim high and miss the […]

Online Logistics Courses

Top 6 Online Logistics Courses That Can Benefit Aspiring Logistics Professionals

There are a number of excellent Online Logistics Courses available to aspiring logistics professional that offers international professional qualifications in logistics. These Online Logistics Courses brings unique benefits with the standards you would expect from an international organization. The Online Logistics Courses are delivered by accredited training providers. There is a badge of international recognition associated with some courses with full details of membership benefits and the criteria which applicants must meet is set out separately. The objective of this Online Logistics Courses is to enable aspiring logistics professionals increase their confidence, knowledge, and skills in Logistics. After my blog […]

Vendor Managed Inventory (VMI)

Vendor Managed Inventory : A Step-by-Step Guide, Benefits and Risks

Given the disruptive nature of the supply chain dynamics, an important aspect of supply chain planning and control is the attempt by supply chain managers to improve supply chain performance. One way of avoiding this is to allow an upstream supplier to manage the inventories of its downstream customer. This is commonly known as vendor managed inventory (VMI). Vendor managed inventory (VMI) is a supply chain initiative where the supplier is authorized to manage inventories of agreed-upon stock-keeping units at customer locations. The benefits of Vendor managed inventory (VMI) are well recognised by successful retail businesses such as Wal-Mart. In […]

customer supplier relationship

10 Must Have Customer Supplier Relationship Areas – How Many You Have?

There is an argument that suppliers achieved excellence when they work with excellent customers. This means that the customers should strive for excellence and assist the suppliers to do the same to achieve best customer supplier relationship? Customer must ensure that both parties are working toward continuous improvement of customer supplier relationship. Good supply chain management alone will not make a manufacturer a good JIT operator. The relationship should be stronger if both parties are to gain benefits from it. It should be mutual, with both sides seeking to achieve excellence in customer supplier relationship. 10 Must Have Customer Supplier […]

Warehouse Management Books

Highly Rated Top 6 Transportation and Warehouse Management Books

There are a number of Warehouse Management books for Warehouse and Transportation; it can be quite challenging to decide which Warehouse Management books comes out top and can easily be referenced for purchase. Some have found it really difficult in deciding which one is best, but I can assure you every Warehouse Management books book has its own advantage but some just stand out of them all. Today, I have decided to help you by recommending these 6 awesome Warehouse Management books: 1.     Warehouse Management: A Complete Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse 2nd Edition […]

inventory management and control

How to Develop Traffic Light Inventory Management and Control Report in Excel to Reduce Stock Outs

Please raise your hand if you’ve ever panicked when your boss asked the question how many items are Out of Stock from Made to Stock list? Or How many items we are carrying too much excess stock? And it is not unusual that your boss wants this information in next 5 minutes! This is where inventory management and control report comes into play. Just to clear one point from start, I am not talking about inventory management and control reporting system from warehouse physical inventory control perspective but I am talking about inventory management and control report from a  planning/management […]

supply chain risk

10 Supply Chain Risks You Need to be Mindful of to Avoid Disruption

As supply chains have lengthened and more complex, supply chain professionals are increasingly responsible for anticipating and eliminating a greater number of supply chain risk. The stakes are high: in the past five years, nearly three-fourths of companies experienced significant disruptions. Which makes topic of ‘supply chain risk’ very important in current context. 1.    Supplier Risk There are several supply chain risks involved with working with other companies especially in the supply chain where there is high dependency on the other firms. These supply chain risks can vary from a supplier going bankrupt to not delivering the right quantity of […]

Safety Stock Formula

6 Safety Stock Formulas You Can Consider in Your Next Calculation Cycle

Safety stock is a term used to describe the additional quantities of stock held by a company to mitigate the risk of running out of stock. This therefore acts as a buffer in case the supply and demand are different to what was planned or forecasted. There are many ways in which to calculate safety stock and there are plenty of Safety Stock Formulas available which you could use. Below we will go through 6 different Safety Stock formula definitions to get a comprehensive figure for safety stock. At the end we’ve given you a ‘bonus track’ of EOQ calculation! […]

online supply chain management courses

The 12 Great Online Supply Chain Management courses For The Modern-Day Supply Chain Professional

Modern-day Supply Chain Professionals are expected to be competent in a number of skills, including analytical skills,  supply chain modelling, devising supply chain strategy, strategic sourcing applying lean and six sigma tools in supply chain and more. Except you are ready to invest and commit years of your life to getting a degree for each discipline, you need a quicker, more actual way to close the skills gap and keep yourself relevant in a changing market. Get your Supply Chain career the needed boost it requires with these popular online supply chain management courses. So what are your options? Well, […]

TRAVELING SALESMAN PROBLEM & THE 8 “RIGHTS” OF LOGISTICS

The supply and distribution is a complex and above all costly procedure. Many organisations fail to save these expenses due to lack of proper planning. Planning the routes when supplying several customers, located on diverse places, can reduce these costs, time and distance immensely. Therefore, this article aims to illustrate the issues when distributing and the advantage of having the travelling salesman problem (TSP) solution, while addressing the eight “rights” of logistics. Travelling Salesman Problem Gutin & Punnen, (2004) explain that TSP is dealing with determining the optimum geographic route, in which the salesman begins from his domicile, visits a […]