Continuously adjusting inventory storage locations to best align with our ever-changing, real-world environment can lower inventory costs. Here a seven steps for assessing, determining, and maintaining inventory storage locations that optimize purchase part flow.

If your organization doesn’t have time to execute strategic sourcing, then deploying a Sourcing Roadmap could be the tool you need improve efficiencies and communication.

Many leaders are using this high impact chart in their new product commercialization plans to help their teams forge a clear path forward for product cost. So add this tool to your collection to help exude a more executive presence during your next presentation, condensing multiple updates into one compact overview.

To alleviate today’s workload pains, we need to approach the seemingly endless cycle of firefighting in different ways. Better, faster decision making based on actionable information will help us track and adjust our KPI metrics so we can focus our time and energy more on what’s needed to work toward achieving our desired organizational goals.

Identifying and eliminating waste is something supply chain professionals have a strong track record in doing, and supply chain’s influence on the value chain uniquely positions the profession to make significant impacts. It’s our time to enable profound positive change that can bring about a brighter path forward.