Rated high on the list of things to know and track is your business profitability and profit margins by product or service.  After all, without profits, the doors don’t stay open for long.  Knowing your margins becomes even more important Read more

 

How does the procurement department rate within your business enterprise?  If your sales teams are by-passing procurement to get what they need from other managers, then you may be short-changing your profitability.  Procurement could be one line of defense against Read more

 

When you make a purchase in supply chain software, your dream is to have all your problems disappear and never show up again.  Realistically, optimizing your supply chain takes continual effort.  Which is exactly why choosing a solution that adapts … Read more

 

Most manufacturers, as well as retail and technology businesses, are aware of the importance of a strong supply chain as it correlates to productivity and profitability.  As a result, the consulting firms that work with these businesses, and the businesses … Read more

 

“Don’t put all of your eggs in one basket” is a commonly shared adage that reminds us to diversify our situation so that we don’t lose everything in one grand way.  This, and other adages, is shared because wise advice … Read more

 

Some say ignorance is bliss.  I believe that sometimes what you don’t know can hurt you, especially when it comes to the supply chain.  Without deep visibility into your network of suppliers, how do you know if you are saving … Read more

 

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Both large and small companies invest an enormous amount of money on inventory every year.  Smaller companies typically track inventory in a manual intensive paper driven process where larger companies have dedicated departments monitoring and tracking inventory.

At a … Read more

 

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This week the House Committee on Energy and Commerce approved the Safeguarding America’s Pharmaceuticals Act of 2013 (H.R. 1919). The bill, if passed by Congress, would introduce a lot-level pedigree model for prescription drugs, for responsible handling and keeping track … Read more

 

Changes in technology make it a little easier for us to think “outside of the box” when it comes to using the supply chain to our advantage.  You can reinvent your supply chain – think flexible and non-traditional – to … Read more

 

When a customer calls with changes to their product specifications, adds or subtracts from their order, or shortens the delivery time, are you able to rely on your supply chain and warehouse management software (WMS) to help you address these … Read more

 

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