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(February 14, 2012) The Automotive, Aerospace and (to a lesser extent) Defence industries are undergoing massive globalisation. They are in various stages of transformation from a regional/local model to a global model in which the buying, making, moving and selling activities could happen anywhere in the world. The ..
(February 13, 2012) Software-as-a-Service, or SaaS, is a term frequently used but what does it mean for businesses and what are the financial implications resulting from utilising this software? SaaS is a software which is deployed over the internet and can be run behind a firewall on either a local area network (LAN) .
(January 19, 2012) Those of you who are currently working in marketing will be aware that the sector has many positive aspects, yet the work can be considered to be a little mundane and lacking in a wider variety of tasks throughout your working day. Sure, the work can be exciting at times and give you an unbeatable ..
(January 10, 2012) Companies should seriously look at the manufacturing area as one of the first areas on their adoption path of AutoID technology. It may not be the ‘glamorous vision’ of tagging at the item level and having store shelf readers, but it provides a way for companies to obtain real benefits ..
(January 09, 2012) Auto-ID Technology, know by the popular name Radio Frequency Identification, or (RFID) refers to the process of storing data to and retrieving data from integrated circuits using radio frequency transmissions. An RFID architecture that leverages current standards consists of the following: An ..
(December 19, 2011) There are many people who are currently employed and looking forward to finishing for their Christmas holidays and many will be looking forward to having an extended break from the mundane nature of their employment. They will simply be looking forward to having an opportunity to have a break from ..
(December 16, 2011) A growing number of manufacturers are using an integrated outsourcing model to manage their high volume, low cost parts. With Integrated Outsourcing, managers still outsource the managing of local inventory, but they retain direct relationships with their suppliers for information and visibility. ..
(December 15, 2011) In the last decade, manufacturers have concentrated on lowering the purchase price of the items in their supply chains. To a large degree, they have succeeded. However, the pressure to lower costs has no abated. Additional unnecessary costs must be eliminated! Companies are continually seeking ways .
(November 16, 2011) VMI fundamentally reduces the cost of purchasing administration for the customer. Your goal should be to reallocate 50% of buyer time to higher-value activities. Reduce the effort expended in maintaining purchasing information, reconciling invoices to purchase orders, and other administrative ..
(November 15, 2011) Vendor managed inventory provides a streamlined approach to inventory management and order fulfilment, based on collaboration between suppliers and their customers (e. g. distributor, OEM or product end user) linking the supplier directly to actual consumer demand. Essentially, VMI is inventory ..
(October 10, 2011) About 8% of the Fair Wide inventory is ‘spent’ on obsolescence. Applying 8% to half the supplier inventory represents a $40,000 price tag. The overall impact of better inventory management, driven by a devoted and attentive supplier- side planner, is dramatic. More reliable ..
(October 10, 2011) Whether used in manufacturing, subcontracting or maintenance repair operations (MRO), vendor managed inventory drives efficiencies while delivering significant benefits to cash flow and capital requirements. VMI is an indispensable element in many companies’ demand-driven supply chain ..
(September 23, 2011) There are numerous people situated around the country who are currently seeking employment after university, yet they are becoming increasingly aware that there are not ample employment opportunities awaiting them upon completing their education. Unfortunately this is a prospect facing a great ..
(September 22, 2011) If you have recently left university you are mostly likely intending to seek out employment which is fulfilling, stimulating and is well paid. Unfortunately this is not a situation many people find themselves in with regards to employment once they have successfully completed university. However, ..
(September 14, 2011) A successful supply chain should not be static but always adapting to changes in the business. It is important to remember that a supply chain should really provide choice and opportunity and should never been seen as or considered as a restraint. It is essential to remember that any changes, ..
(September 12, 2011) In this part of our ‘Introduction to Supply Chain Management', we will considering the risks associated with forecasting stock levels. In order to understand this we will be evaluating the risks using the following three considerations: the forecast, the demand data and the understanding that .
(August 19, 2011) There comes a time in your working life that you feel that a change is required, you may have become tired of the repetitiveness of your employment, or you may simply have become bored and require a change of scenery. As many people in this situation will be aware, it can be difficult to seek out ..
(August 16, 2011) To carry on from the second part of our ‘Introduction to Supply Chain Management', we will now consider an extraordinary trigger. Let's just say, for arguments sake, that the trigger is fifteen days earlier than expected. That is, fifteen days before both the forecast and the historical data ..
(August 15, 2011) It is essential to ensure that all information relating to any changes in demand and the requested actions should always be dealt with directly by the same person who oversees the supply chain. Ideally, this data should be in a clear format which can be easily understood and processed by this ..
(August 12, 2011) Supply Chain Management is the process in which a company produces and distributes products to its intended target audience. There are a number of specific factors, which are crucial and need to be considered; production planning, material sourcing, transportation management, warehouse management ..
(June 21, 2011) It is a well known fact that in the current economic climate, recent university graduates are struggling to find and maintain regular employment in a variety of sectors. These lack of employment opportunities have not been restricted to prospective employees seeking a graduate vacancy but extends ..