Blog categorized as Supply

Spend management is the method in which companies may optimize and control their budgets by way of what fund are spent. It usually involves cost trimming of those expenses typically found in conducting business. The costs usually appear as operations expenses, or are categorized as "Selling, Ge...

'Inventory' includes raw materials, work-in-process, supplies and finished goods. It has associated costs, which may be classified as ordering costs and holding costs. Modern inventory management practices encourage holding amounts adequate for current needs - warehouse managers will tell you that i...

Managing the supply chain is important for any business. When a small business experiences supply management issues, these can be just as troublesome as for a global company. In fact, the result of inhibited or inefficient growth can affect a small business even more than a larger one. This is becau...

DEFINITION: Planning, implementing, and controlling efficient and effective flow and storage of goods and services from point of origin to point of consumption to conform to customer requirements. LOGISTICS MANAGEMENT: Managerial responsibility to design and administer a system to control the flow o...

In 2008 and 2009, the United States suffered the largest economic downturn since the Great Depression of the 1930s. Unemployment soared and market demand plummeted leaving corporations and manufacturers scrambling to downsize, and many small retail businesses lacked the volume to generate enough sal...