Remove Examples Remove How To Remove Purchasing Skills
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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

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The Strategic Importance of Global Procurement

Logistics Bureau

The time when Procurement was almost a synonym to Purchasing has long gone. It all depends on an organisation’s maturity in skill, infrastructure and culture. What skill sets are required for the next generation of procurement leaders? Instead, it should be an information exchange virtual platform.

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FIFO vs LIFO: Choosing How to Measure Inventory Costs

Stord

October 15, 2020 Businesses selling products need to calculate inventory costs as part of filing IRS income tax. It’s not just a matter of knowing your total cost of goods, but using the information for business income deductions. The ending inventory cost would be zero, while the beginning inventory cost would be high.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. How to Improve Forecast Accuracy for Optimal Inventory.

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Omnichannel Retail and the Cost to Serve Online Customers

Logistics Bureau

If yours is one of those businesses shifting from traditional to online retail, you’ve probably faced some of the logistical challenges arising from the need to deliver your customers’ purchases to them. Perhaps you haven’t had much opportunity, amid the turmoil, to consider the cost to serve your online customers.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. All of the above pressures culminate in rising operational costs – from ?labor, Click here to learn more about SYSPRO’s MRP solutions and how to plan and manage uncertainty.