How to account for the Hidden or Indirect Inventory Carrying Cost?
Inventory carrying cost is a crucial aspect of inventory management that often goes unnoticed. Understanding and accounting for these hidden or…
How can you address discrepancies found during inventory audits?
Inventory audits are crucial for ensuring the accuracy of stock records. However, inventory discrepancies found during these audits can lead to…
What is Supply Chain 4.0? Key Drivers, Technologies and Benefits
In today’s globalized and digital economy, Supply Chain 4.0 is revolutionizing how companies manage their operations. Through the adoption of Industry…
Case Study: Supply Chain Optimization for Bumble Bee Kids Clothing
Introduction Bumble Bee Clothing specializes in high-quality, stylish apparel for toddlers and babies, holding a significant market share in children’s fashion….
How to Calculate and Improve Order Fill Rate in Supply Chain Management?
Keeping your order fill rate high is critical in today’s fast-moving supply chain world. It directly affects customer satisfaction, operational efficiency,…
Leveraging Data Analytics in Supply Chain Management
Introduction: In today’s fast-paced business environment, data analytics in supply chain management is essential. Leveraging data analytics within SCM not only…
Data Analytics Project: Delivery App Data Analysis With Power BI
Introduction: Delivery App Data Analysis Using Power BI Problem Statement In the highly competitive and fast-paced e-commerce industry, efficient delivery processes…
What are common inventory valuation errors? how can they be avoided?
Accurate inventory valuation is crucial for businesses of all sizes, influencing financial reporting, operational decisions, and overall profitability. However, several common…
What are the Tools and Techniques for Inventory Analysis ?
Inventory analysis is a critical component of supply chain management and involves examining inventory data to optimize stock levels, reduce holding…
What is data analysis in supply chain management?
In today’s increasingly data-driven world, data analysis is a key driver of success in supply chain management. As businesses accumulate vast…