Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

Due to the global disruption of the pandemic, heated discussions persist around moving from “lean” supply chains that only focus on cost and efficiency, to more resilient and agile supply chains that ...

Companies today face an ongoing balancing act as they try to: • carry enough inventory to respond quickly to customer demand and minimize transportation costs; and • minimize investment in inventory, ...

Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

I want to share some fascinating insights about materials management and the evolving practice of MRO (maintenance, repair, and operations). Through an industry survey taken in conjunction with WBR ...

ANN ARBOR (WWJ) --The Ann Arbor supply chain design software developer LLamasoft Wednesday announced what it called a "significant breakthrough" in inventory optimization technology that helps ...

Inventory optimization is a phrase much used and abused. But ask a supply chain professional, let alone another senior executive, how close to optimal their inventories are and you will either get ...

Raw materials include wood, metals, plastics and fabrics used in the production of goods. A manufacturer typically acquires raw materials from one or more producers or suppliers. You recognize raw ...