Updated Articles and Resources
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Transport Documentation
Created:
Thursday, May 24, 2012
Updated:
Thursday, May 24, 2012
When items are transported either domestically or internationally the delivery must be accompanied by the relevant documentation. The amount of documentation varies depending if the shipment is wit... -
Reducing Transportation Costs
Created:
Tuesday, May 22, 2012
Updated:
Tuesday, May 22, 2012
Transportation costs can be a significant part of a company’s overall logistics spend. With the increases in the price of fuel, the proportion allocated to transportation can be upward of fif... -
Order And Setup Costs
Created:
Monday, May 21, 2012
Updated:
Monday, May 21, 2012
There are a number of costs that make up the total inventory costs for a company. Order costs include the expenses involved in placing an order for a quantity of material, but this does not include... -
Radio Frequency Identification
Created:
Wednesday, January 12, 2011
Updated:
Saturday, May 19, 2012
Supply chain management is investing in RFID as it can give them advantages in visibility of their products through the supply chain. The benefits are seen as improving on other methods of visibili... -
Aircraft Wet Lease
Created:
Sunday, January 08, 2012
Updated:
Saturday, May 19, 2012
A wet lease of an aircraft is a lease of an aircraft, crew, and maintenance. -
Aircraft Dry Lease
Created:
Sunday, January 08, 2012
Updated:
Saturday, May 19, 2012
A dry lease is a lease of an aircraft without a crew -
Is It Time For The Chief Supply Chain Officer?
Created:
Wednesday, January 12, 2011
Updated:
Saturday, May 19, 2012
Companies today have CEO's and CIO's, some even have Chief Technology Officers, so is it time that businesses look to the future and appoint a Chief Supply Chain Officer? -
CSCO - Chief Supply Chain Officer
Created:
Wednesday, January 12, 2011
Updated:
Saturday, May 19, 2012
Today the supply chain is the backbone to any business and having a senior executive in charge of supply chain is the next logical step. -
Third Party Logistics Provider (3PL)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
A Third Party Logistics (3PL) provider is a firm that provides outsourced or -
Cycle Counting
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Cycle counting is important as it ensures inventory accuracy -
Cross Docking
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Cross docking reduces costs by shipping material as it is received. -
Continuous Replenishment
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Continuous replenishment is based on the principal of pulled logistics. -
Change Management
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Change Management is the process that is used to help the company, employees and partners adapt successfully to the changes taking place. -
Assemble to Order
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Assemble to order is a production method that occurs when an item is assembled after receipt of a customer's order -
Activity Based Costing
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Activity based costing is a methodology that measures the cost and performance of cost objects -
Implementing a World Class Purchasing Strategy
Created:
Friday, August 15, 2008
Updated:
Saturday, May 19, 2012
Implementing a world class purchasing strategy will allow your company to stabilize or even increase profits at a time when your costs are rising. This step by step guide will show you the key poin... -
Just in Time (JIT)
Created:
Saturday, July 19, 2008
Updated:
Saturday, May 19, 2012
Just in Time or JIT method creates the movement of material into a specific location at the required time, i.e. just before the material is needed in the manufacturing process. -
Kanban
Created:
Saturday, July 19, 2008
Updated:
Saturday, May 19, 2012
Kanban is a Japanese production technique that uses cards or electronic signals in a computer system to monitor and control workflow in a factory. -
Vendor Managed Inventory (VMI)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Vendor Managed Inventory (VMI) is where the buyer of a product provides information to a vendor of that product and the vendor takes full responsibility for maintaining an agreed inventory of the m... -
Six Sigma
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Six Sigma is a business management strategy. It will identify and remove the causes of defects and errors in manufacturing and business processes. -
Radio Frequency Identification (RFID)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
RFID uses RF technology and is hoped that the technology will improve the efficiency of inventory tracking and management. -
Radio Frequency (RF)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Radio frequency (RF) is a form of wireless communication used in warehousing. -
Public Warehouse
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
A public warehouse provides short or long-term storage to companies that require additional warehouse space. -
Maintenance, Repair, and Operating Supplies (MRO)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
MRO items are consumed as part of the production and plant maintenance process. -
Last In, First Out (LIFO)
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
LIFO can be used in the warehouse where the first items moved out are the last to arrive in the warehouse -
Freight Forwarder
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Freight forwarder is used by companies who need to ship items internationally. -
Evaluated Receipts Settlement
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Evaluated Receipts Settlement is a method of paying vendors without vendor generated invoices. -
Enterprise Resource Planning
Created:
Thursday, June 05, 2008
Updated:
Saturday, May 19, 2012
Enterprise Resource Planning (ERP) software is used by companies to help them achieve efficiencies in their supply chain. -
Continuous Improvement Tools
Created:
Friday, May 18, 2012
Updated:
Saturday, May 19, 2012
Total Quality Management is a popular approach to quality in a business that seeks to improve quality and performance which will meet or exceed customer expectations. One core component to TQM is t... -
Professional Supply Chain Certification
Created:
Sunday, May 13, 2012
Updated:
Saturday, May 19, 2012
The Institute of Supply Management offers three certifications for supply chain professionals. the Certified in Supply Management (CSM), the Certified Professional in Supplier Diversity (CPSD) and ... -
Purchasing Managers Index (PMI)
Created:
Wednesday, May 09, 2012
Updated:
Saturday, May 19, 2012
Purchasing Managers Index (PMI) is released on the first business day of each month and is a key near-term indicator used by financial analysts and economists. Economists believe that the PMI is t... -
Inventory Carrying Costs
Created:
Sunday, April 29, 2012
Updated:
Saturday, May 19, 2012
The cost of carrying inventory is used to help companies determine how much profit can be made on current inventory. The cost is what a business will incur over a certain period of time, to hold an...