You can contribute to your company's top line, create improved margins and improve profit rates.
Then the trip has come to order policy. Now that we know what customers want, the extent to which suppliers can deliver and what service we should deliver, we face the most important consideration: What strategy should we adopt to combine all this knowledge so that we buy in a way that maximizes the profitability of each and every supplier?
So the foundation is laid: We know what customers want and when, to what extent our suppliers can deliver, what service we should provide and which order policy is the most profitable for us. So now we have to execute daily orders.
In the previous article we looked at buying a service-driven and balanced stock. If we do the right things here, this in itself will dramatically increase the profitability of the purchasing function. And not infrequently, it will significantly increase circulation in the warehouse, although there is no measure in itself. Now is the time to look at how to deal with what is out of the ordinary and where there are often further optimization opportunities.
In Modern Transport No. 8-2010, I wrote about the need to demolish the "Jericho walls" of logistics. I gave an example of how to combine information across procurement and transport relatively easily and achieve big profits for the company's bottom line. Now we move up to the overall level of the company and look more closely at how you as a decision maker can lay the foundation for radical changes.
Supply chain planning is one of the most crucial areas a trading company must master. It is not a necessary evil, it is about survival, competitiveness and & #8211; cash! Inventory Investment AS distributes the renowned Blue Ridge solutions, some of the world's perhaps sharpest Supply Chain Planning solutions.
Logistics dilemma: Should I order now? And if so, how much? Whether you call yourself a buyer, caller or supply chain planner, you face the above challenge every single day: Should I order now or should i wait? And if so, how much?
A forecast is everything you have known, thought or seen in the past as well as everything you think will affect demand in the future. All good logistics start with a good forecast. Then you ensure accessibility and have a good starting point for dimensioning your inventory level, transport and much more. But as we shall see, forecasts are so many.