Top Five Tips for Accelerating Supply Chain Velocity

 It’s more imperative than ever for today’s leading companies to accomplish greater results with fewer resources in less time.  With time-tested principles, such as honesty, integrity, timeliness and quality, here are the Top Five Tips for Accelerating Supply Chain Velocity. Scrutinize Sourcing Activities. When sourcing key materials and services, consider total value instead of unit price. Total value may include the proximity of a provider to key locations, quality assurance processes, demonstrated past performance, contracted performance penalties, consistency of quality or...

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Assessing Inventory Risk With a Multi-Echelon Inventory Optimization System

There are a multitude of issues that can affect a supply chain’s inventory. Anything from supplier issues, faulty machines, transportation issues or inaccurate forecasts can affect inventory, resulting in shortages or excesses of inventory.  Inventory management systems must achieve your organization’s required service levels, while keeping inventory costs as low as possible in fast-changing economic conditions, high demand uncertainty and shorter product life cycles. Today’s advanced Multi-Echelon Inventory Optimization (MEIO) systems are intelligent enough to be used for supply chain...

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