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Understanding the True Cost of Sourcing
In today's twenty-first century, global outsourced business world, the traditional and somewhat simplistic approaches used to measure cost for sourcing

inventory sourcing  for service level and inventory performance. Figure 2. Click on image for larger view. There are several key insights from this report. First, some alternatives may be most attractive due to their performance in the low or high cases. For example, even if the new approach showed a 1 percent increase in Totals Sourcing Cost in the mid range (currently 2.4 percent better), the fact that it was 11.8 percent better in the low range (because it reduced the inventory write-offs from $346k to $234k [USD]) and 4 Read More
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Documents related to » inventory sourcing


Outcome Sourcing in the Outcome Economy
The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer

inventory sourcing  DoD has to buy, inventory levels, service personnel, and a host of other costs. The following are some of the lessons learned in these PBL contracts: PBL contracts can take more time and effort to write than traditional contracts. As the buyer, you need to ensure that you are in agreement on the definition of what performance you want and how specifically it will be measured during the life of the contract. You need to thoroughly think through all the scenarios and how you want to be served. Resist the Read More
Capitalizing on Advanced Inventory Management
Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to

inventory sourcing  while managing the full inventory lifecycle from sourcing to stocking to shipping. Advanced inventory management systems possess several core capabilities: Stock Level Calculation —This capability enables distributors to determine stock levels based on usage, ensuring they have the right product level on the shelf to match demand. Unlike the min/ max approach, it enables one to factor in seasonal considerations, location, speed of delivery, and demand trends. Non-Stock Inventory Visibility —This lets Read More
Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

inventory sourcing  Newsflash—Excess Active and Obsolete Inventory Is a Money Drain Excess inventory, which ties up working capital and whose value is declining by the day, does not necessarily come from new product introductions only. Namely, nowadays the manufacture of most goods is largely carried out in the Far East, which comes with a nominal item price advantage, but also with many potential downsides (see The Gain and Pain of Global Retail Sourcing ). In addition to the inevitable quality, communication, and Read More
Distinctions and Benefits of Strategic Sourcing
Strategic sourcing involves ongoing relationships, which creates the opportunity for mutually beneficial collaboration between the buyer and the suppliers. This

inventory sourcing  chain. When this happens, inventory can quickly move from being backordered to being excess. This is caused by the serial nature of communicating orders up the chain with the inherent transportation delays of moving product down the chain. This coordination of work and purchasing plans by supply chain partners also results in improved service to distributors, retailers, and customers; lower cost; and optimized use of capacity on the downstream side of the supply chain. Strategic Sourcing According to the Read More
Five Inventory Areas that Every Process Manufacturer Must Master
While many ERP systems claim to cater to the process manufacturing industry, a closer look reveals that in reality, little distinction is made within ERP

inventory sourcing  Inventory Areas that Every Process Manufacturer Must Master While many ERP systems claim to cater to the process manufacturing industry, a closer look reveals that in reality, little distinction is made within ERP applications to readily address the fundamental needs of a process versus a discrete manufacturer. This paper elaborates on one of the most fundamental requirements of process manufacturers—multidimensional inventory—which is noticeably absent from most ERP applications. Read More
Sourcing for Agile
This report looks at traditional and contemporary IT outsourcing practices, reflects on the changing dynamics of the customer/supplier relationship, and

inventory sourcing  outsourcing,business,agile,procurement,suppliers Read More
Meet Sage Inventory Advisor in the Cloud
Sage recently announced the general availability of Sage Inventory Advisor, a new cloud forecasting and planning solution that integrates with Sage enterprise

inventory sourcing  Sage Inventory Advisor in the Cloud Sage recently  announced the general availability of Sage Inventory Advisor , a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage Inventory Advisor should be fast to implement and accessible via a Read More
Inventory Management: 3 Keys to Freeing Working Capital
In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial

inventory sourcing  working capital—primarily by optimizing inventory management. Read More
The Advanced Sourcing and Negotiation Benchmark Report
The wave of e-sourcing that began a decade ago resembled a “crash diet:” it had an immediate and noticeable effect on enterprises. Today’s challenge is to

inventory sourcing  | Industry Sourcing | Inventory Management Software | Legal Negotiation | Logistics Management | Managing Negotiation | Manufacturing Sourcing | Negotiation Agreement | Negotiation Management | Negotiation Process | Negotiation Strategies | Negotiation Strategy | Negotiation Terms | Open Sourcing | Operations Management | Outsourcing | Preferred Sourcing | Process Category | Process Category Supply | Procurement Management | Procurement Sourcing | Procurement Strategy | Product Lifecycle | Purchasing Read More
Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them
If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in

inventory sourcing  Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for Read More
Enabling Profitable Growth through Procurement: Transforming the Sourcing and Procurement Organization
Historically, sourcing and procurement companies have been concerned mainly with reducing costs and ensuring supply availability and quality. However, this is

inventory sourcing  Profitable Growth through Procurement: Transforming the Sourcing and Procurement Organization Historically, sourcing and procurement companies have been concerned mainly with reducing costs and ensuring supply availability and quality. However, this is changing. Savvy businesses are moving beyond traditional sourcing and procurement goals, and looking to the procurement company to drive competitive advantage and deliver value. Discover the sourcing strategy tricks some successful companies are Read More
Fixed Asset Inventory Best Practices
Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of

inventory sourcing  Asset Inventory Best Practices Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable. Read More
Case Study: Rowmark LLC Doubles in Size while Reducing Inventory and Customer Service
A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they

inventory sourcing  in Size while Reducing Inventory and Customer Service A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they ordered. Problems were traced back to handwritten inventory labels, and manual counting and checking of orders. Learn how the company upgraded the system it already had by adding bar code labels and scanning, as well as other electronic data interchange (EDI) techniques. Read More
Maple Leaf Farms Improves Inventory Control with WMS
As one of North America’s premier producers of duck products, Maple Leaf Farms knew the importance of delivering fresh, quality goods to its customers. But in

inventory sourcing  Leaf Farms Improves Inventory Control with WMS Maple Leaf Farms Improves Inventory Control with WMS If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. VAI is an award winning software developer and an IBM Premier Business Partner. Founded in 1978, VAI is headquartered in Long Island, New York, with branch offices in Florida, California and Illinois. In conjunction with IBM, the company designs customer driven enterprise management soft Read More

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