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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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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 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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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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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…
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Accurate Planning for Business Success
The accuracy of the new product plan is low, accompanied by more demand history, it is necessary to roll up and update in time, and at the same time b[……]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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Planning point to supply chain performance
More than ten years ago, when David was in business school in North America, a professor said,, if a person can’t do design, sales, finance, personnel[……]Read more…
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Procurement price is not based on quality
In the nineties, David was still in the pharmaceutical industry, a lucrative industry. Entire industry is concerned about only one word: money. Whethe[……]Read more…
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Procurement cost reduction, cost avoidance and procurement rebates
Suppliers are easy to talk about, but money is not easy to talk about. But no one can afford not to talk about costs, and as one chief procurement off[……]Read more…
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Purchasing’s position depends on its relationship with internal customers
David Nelson is a godfather in the field of purchasing and supply management in the United States. He served as chief purchasing officer in Honda (USA[……]Read more…
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Three Steps to Reduce Cost For Supply Chain And Procurement Business
Procurement cannot avoid cost reduction. A chief procurement officer said it well, 70% of procurement performance is reflected in procuremen[……]Read more…
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Material management: not just for purchasing department
Material Management is to manage the purchase objects with certain classification to obtain better scale advantages and bargaining power. For example,[……]Read more…
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Why do most purchasing directors and vice presidents come from other backgrounds?
A reader wrote to me, saying that he had worked for Four large manufacturing companies in UK, and the purchasing bosses of each company were not origi[……]Read more…
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