16
May
calendar_today May 16, 2016 person Sime Curkovic label Procurement

We will get to what 4/10 net 30 means shortly but we will provide some background first. A purchase order and supporting terms and conditions make up a contract between a buyer and supplier. One of the job responsibilities of a supply chain management professional is to negotiate payment terms upon which you pay a supplier. When you pay for a product or service in your own personal life, you typically pay for it upon receipt or delivery of the good or service. However, in business-to-business transactions, the supplier usually does not get paid right away

9
May
calendar_today May 9, 2016 person William Crane label Procurement

Total cost of ownership (TCO) is the sum of all costs associated with every activity of the supply stream during the acquisition of a given service, component or product. During the sourcing process, a TCO analysis groups certain cost inputs into specific categories to display the full visibility of all costs when making a sourcing decision. These costs are commonly referred to as direct costs, indirect costs, acquisition costs, life cycle costs, purchase price, and end of life costs. Together, these cost categories represent not only the purchase price of the service, component or product but also the cost of acquiring it, maintaining it, and disposing of it.

2
May
calendar_today May 2, 2016 person Tony Lancione label Mission

More often than not, I get the following questions about my company, “So, how many employees do you currently have? or “How big is your team?” I really love this question, not because of the question itself, but the answer that I have been able to prepare, being that I have heard it so many times. Here it goes. It is not about the size of your team, but the “right” people and their supporting training, processes, and tools, the “right stuff.” Sure, these may not be the answers to all your problems, however, attaining the right people and right stuff, will lead you down the path to long term supply chain success.

25
Apr
calendar_today Apr 25, 2016 person William Crane label Strategy

Successful stock investing strategies have long included developing a diversified portfolio of assets to reduce overall investment risk. As with mitigating risk in your investment portfolio, mitigating risk in your supply chain can be accomplished by ensuring your suppliers and their suppliers are different companies having a host of different risk profiles thus reducing your overall supply risk.

18
Apr
calendar_today Apr 18, 2016 person William Crane label Inventory

There is an ever growing focus on how to shorten lead times, reduce inventory levels and increase free flowing cash in just about every industry. One way to approach making a impact on your supply chain’s performance is to identify and evaluate where critical value added activities are taking place. Each of the value added activities are necessary in order to produce a finished product, however there is a tremendous opportunity to postpone performing the value added activities at different stages until there is a clear demand signal from the market.