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KNOWLEDGE LIBRARY

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MOST READ

27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

Supplier Visibility

Just as suppliers need visibility into our inventory levels to execute vendor managed inventory programs, we need visibility into our supply partner’s inventory, production schedule, and production capacity to permit supply chain scheduling and optimization.  Demand information sharing and supplier visibility are two essential elements that build trust between supply partners and form the foundation of supplier integration.  Our human nature only trusts what we can see.  For some reason, we don’t trust what we can’t see.  As a result, any blind spots in the supply chain become seedbeds for excess inventory buildups to cover worst case scenarios.

There are a variety of web-based tools available in the marketplace today that permit total supply chain visibility.

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