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Don’t follow the crowd , keep your own business management decision
History repeats itself remarkably. In the United States, the 2008 financial crisis caused many to lose more than half their stock investments. Panic-s[……]Read more…
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Planning software launching depends on your business administration
I’ve worked with several software companies that develop planning software. Some are based on mathematical statistics, offering a variety of forecasti[……]Read more…
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Follow your own advice for any business administration
I was once having lunch with my former boss and we were discussing career development. He offered a lot of advice, and then he said, “People should fo[……]Read more…
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How to deal with inventory problems caused by channel backlog?
In some industries, the practice of hoarding goods is very common, which artificially exacerbates the volatility of demand and causes many inventory a[……]Read more…
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Informatization can streamline workflow and reduce turnover inventory
Processes play a significant role in the turnover cycle. Time is often lost not in the supplier’s production process, but rather in the company’s own[……]Read more…
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New product development and risks of heavy asset investment
A subsidiary of a major company has been diversifying over the past two years. They established a dedicated business unit, purchased equipment, and bu[……]Read more…
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How to Ensure quality consistency for business
For manufacturing suppliers, we need to evaluate their quality , production and material management systems . These three systems are the guarantee of[……]Read more…
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it is hard to work with idle people for business
Let’s talk about the misunderstandings about emails, text messages, and others, and be careful about being kidnapped by company idlers. Arrive at th[……]Read more…
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Setting Seasons and Calendars for your Seasonal Demand
There are many factors that drive seasonal demand. The most intuitive one is climate. For example, there are four seasons in a year, which will bring[……]Read more…
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Data analysis: the starting point of planning work
A professional manager told me that except for professional analysts in the field of industry data research, the rest of the planning personnel in the[……]Read more…
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How to get a win-win negotiation for business management
In procurement management, procurement negotiation is a process where experts contact with each other to create agreeable terms for contract. The pa[……]Read more…
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Should we provide demand forecasts to suppliers for your business and supply chain?
Like buyers, suppliers also need forecasts to drive their supply chains. Whether a supplier can execute effectively largely depends on the timeliness[……]Read more…
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Why MRP Cannot make difference for your business and supply chain management
One of the core functions of ERP is Material Requirements Planning (MRP), which aims to liberate planning, material control, customer service, and pro[……]Read more…
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There is a common sense to urging for delivery
No one likes urging for delivery, but urging for delivery is an inevitable part of supply chain execution. In extreme cases, there is an industry-wide[……]Read more…
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Nestlé Demand Planning Not Just Data But Business Analysis
Starting with data doesn’t just mean collecting it; more importantly, it involves analyzing the data to uncover patterns that guide subsequent work. T[……]Read more…
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Change Business Management in Centralized Procurement
Centralized procurement involves multiple functions and significantly changes the way companies do things. It is a substantial change. As a change age[……]Read more…
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Sales is responsible for the results of demand forecasting. Why?
From a business perspective, who is responsible for the final result for demand forecast? When we say “finally”, we mean the pile of excess inventory.[……]Read more…
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Demand Forecasting: Forecasting with Seasonal Trends
On the one hand, we can predict demand, because of the continuity of demand (for example, if the demand was large in the past, the demand wi[……]Read more…
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Weak planning is a problem for professional managers
Simply put, corporate planning can be divided into three levels. At the strategic level, the boss formulates strategic goals, which is strategic plann[……]Read more…
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Suppliers management is critical to your business management
Companies all know that selecting good suppliers is important, so they spend about 60% of their time on strategic sourcing. However, after the supplie[……]Read more…