Article Review: Procurement's Data Problem

 

Procurement’s data problem

Majority of respondents to SpendHQ survey say they don’t trust the data they have

By  · 

Comments

Post a Comment

Popular posts from this blog

SCOR (Supply Chain Operations Reference) Model - is it too restrictive?

Image
I recently read this blog for Supply Chain Brain. Usually, I like what they have to say. This time, I agree with some of the points made such as the trend to economic nationalism impacting the supply chain, but i think this trend started before the political impact. Supply chains were being contracted, and relocated, to produce either where the raw materials were located or where the customers were located. For some fortunate few, those two locations were in the same geography. This is the "dig dirt where you sell dirt" concept. I don't agree with the comments made about the SCOR (Supply Chain Operations Reference) model. To me, it offers a documented structure of the overall process (plan-source-make-deliver-return-enable) along with some terrific guidance on metric selection, definitions and best practices. I don't think the model constrains or restricts people to silos and silo-thinking. It is up to leaders and managers to implement these elements where, and as...
Read more

BACK TO BASICS - IRA (Inventory Record Accuracy)

Image
BACK TO BASICS : I was a new hire with an organization that clearly had inventory management issues starting with poor product identification, no location control and a poor control of the manual wall-to-wall physical count compounded with the lack of an electronic system of record. That was nearly 30 years ago . Below is an excerpt from a white paper by ECI SOFTWARE from March of 2019. Hard to believe the following was identified as Pit Fall #1.  "Inventory record inaccuracies: ... Surprisingly, many Small-Medium-sized Manufacturers (SMMs) do not have inventory record-keeping policies and processes in place, including regular inventory counts, maintenance, and documentation. Results from a recent ECi Software Solutions’ customer “Warehouse Management Woes” survey shows that 53% of small to mid-sized businesses conduct manual inventory counts at least once a quarter and 50% of respondents have challenges counting or reconciling inventory." You cannot hav...
Read more