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How does Forsyth Advisors Define “Supply Chain”
Most businesses define a supply chain as the activity between when a purchase order is placed, received by a vendor, produced, and delivered to a processing factory or warehouse for storage. But does a Read Insight
“Just in Time” Means As Much Inventory as You Need
Operations professionals have been preaching the Toyota Production System (TPS) with its the elimination of waste in all formats. A famous (infamous?) element of TPS is the concept of Just-In-Time (JIT) inventory with factories Read Insight
Cost of Quality in your Supply Chain: How it is calculated and how can it drive improvements to your supply chain?
A hidden effect on inventory costs is the Cost of Quality (CoQ). The CoQ reflects the amount of money spent managing malfunctioning product, damaged goods or stock out due to inconsistent supply An example: Read Insight
Indications That Your Supply Chain Needs An Evaluation (Answer: You Have One)
A supply chain is not just from a supplier to your warehouse, but rather from a Purchase Order through to Supplier, Delivery of product to a customer and receipt of payment and, hopefully, feedback Read Insight
The A, B, C, (and D’s) of Inventory Management: Aligning Inventory with Supply Base and Demand
Inventory levels are driven by two metrics: Volume and Volatility, which focuses on a team's ability to maximize a customer's fill rate and your revenue. Forsyth Advisor presents how historical data can help set, Read Insight
Tracking Commodities and Currency: The Basics
Sourcing internationally carries heightened level of complexities and simpler tactics can get lost. Tracking commodity pricing and currency fluctuations is a meaningful way to manage costs with the added benefit of letting your supplier Read Insight
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