Manufacturing procurement is the process of sourcing different products or services from different stakeholders of a supply chain.
Demand management in a make-to-stock environment
Make-to-stock environment is a traditional production strategy adopted by businesses. The motive is to match the inventory with the anticipated consumer demand.
Demand management in a make-to-order environment
A make-to-order environment is a pull-type of a production system. Here, demand in the form of an order triggers the production.
Demand management process in assemble to order (ATO) environment
A company’s manufacturing can be characterized as make-to-stock (MTS), make-to-order (MTO) and assemble-to-order (ATO).
Order fulfilment strategies in supply chain management
Order fulfilment is an integral part of the Supply Chain Management (SCM) process. It works towards fulfilling the requirements of the consumers in the process.
Activity-based costing or ABC model in logistics
The Activity-based Costing (ABC) model is one of the many approaches to estimate logistics costs. The term was coined in the late 1980s by Robert Cooper and Robert Kaplan in their article titled, “Measure Costs Right: Make the Right Decisions.”
Understanding the value of logistical cost in a business
Often the efficiency of the logistics function of a business is estimated in terms of value. But there is no concrete definition of the term ‘value’ in logistics.
Supply chain costs management models
Supply chain cost management is the task of controlling the operational cost in order to enhance the profit margin of a business. It involves all activities of logistics and supply chain such as stocking, distribution, processing, packaging, procurement, and handling.