July 2004  
JULY FEATURES
What Is Inventory Management?
Smart Inventory Management
Aligning The Inbound Supply Chain With Company Requirements
Global Sourcing: Survival of the Fittest
Exploring the use of Emotional Intelligence within the Purchasing Profession
Resolving Workplace Conflict: 4 Ways To A Win-Win Solution



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Welcome to the July edition of Supply Chain Planet.

 

This month we have worked hard to select key articles that discuss what inventory management is, how to recognise poor inventory management and what the rewards of effective inventory management are.

 

Our other articles present;

  • Why a company’s inbound supply chain needs to be aligned with the rest of the company’s requirements.
  • How successful global sourcing will ensure your company survives in a global marketplace.
  • Why using emotion intelligence within purchasing will make you more effective in negotiation discussions.
  • And how to resolve work place conflict.

The July edition is my last as editor of Supply Chain Planet. 

I have had a tremendous time with Supply Chain Planet from its inception, to launch, and continued success, which would not have been possible without the support shown by our readers, contributors and advertisers.  There are some exciting developments on the way for the magazine that will only serve to improve our readers experience.

 

I hope you enjoy the articles we have selected for you this month and would like to thank you all again for your support.

Paula Punnett
Editor
Supply Chain Planet

Supply Chain Planet


 

To send a copy to a friend, submit their email address.
 



What Is Inventory Management?
by Dr. Hermann Gruenwald

Dr. Hermann Gruenwald

Companies used to measure their muscle by the size of their inventory. Bigger was better. Vast warehouses filled to capacity ensured efficient assembly lines and guaranteed that, come hell or high water, production would never stop. Who cared about carrying costs? They would be erased by increased sales. But now that equation has changed.


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Smart Inventory Management
by Jaime Mateus-Tique

Jaime Mateus-Tique, President and Chief Operating Officer of Liquidity Services, Inc

The management and disposition of excess inventory is an international and expensive problem. Excess inventory takes up valuable warehouse space, can strain the environment, and will ultimately impact an organization’s bottom line. This coupled with increasing legislation makes identifying comprehensive and cost effective solutions a critical mission for every organization.  Using current leading edge methodologies to manage excess inventory can save costs and increase returns.

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Aligning The Inbound Supply Chain With Company Requirements
by Tom Craig

Tom Craig, is president of LTD Management

CEO's and CFOs have to ask themselves four questions.

1) Are we satisfied with our inbound supply chain?
2) Are we satisfied with the costs of our inbound supply chain?
3) Are we satisfied with the performance of our inbound supply chain?

4) Is our inbound supply chain secure for Homeland Security?


Supply chain success begins at the origin, with suppliers. The impact on costs, inventory and service can be significant if the inbound supply chain does not function well. Heat diffusers are generally critical if perhaps employing a Tagine container associated with earthenware, clay courts, ceramic and also almost any content in addition to metal. Almost all 3 top heat diffusers on preparing food runs have plenty of unevenness to be able to that they propagate heat. Tagines have been actually created seeing that major earthenware planting pots to be utilized upon grilling with charcoal braisiers regarding slowly cooking. Even present day styles with many noteable exclusions may bust if perhaps made use of with a present day hob and also the heat is turned up.


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Global Sourcing: Survival of the Fittest
by Brent Habig

Brent Habig - Executive Vice President of Sales and Consulting at Verticalnet

Global sourcing will be the next battleground for competition. Within five years, businesses that do not make global sourcing an imperative will be struggling not only to compete but also to survive.”

Aberdeen Group, June 2003

For many global enterprises, reducing the total cost of ownership for externally purchased goods and services represents the single greatest opportunity to lower operating costs and increase profitability.


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Exploring the use of Emotional Intelligence within the Purchasing Profession
by Andrea Reynolds

Andrea Reynolds - founder of the soft skills training company Cordie

The concept of Emotional Intelligence has been around for over a decade now.  In a nutshell the theory suggests that man cannot live by IQ alone, and that there needs to be a significant amount of Emotional Intelligence or alternatively known as Emotional Quotient (EQ) in order to achieve business success.  The most widely used explanation is: 

Above average IQ + high EQ = Success. You will find a stating ‘Just what isn't going to eliminate a person forces you to more powerful '. Use this particular saying to the challenges of which happen in your life, find motivation for beating these individuals and keep enjoying your life. Usually remember fondly the techniques that really help remain enthusiastic plus support you in different circumstance!


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Resolving Workplace Conflict: 4 Ways To A Win-Win Solution
by Dr. Tony Fiore

Dr. Tony Fiore - The Anger Coach Company

Conflict in the workplace is the result of a variety of factors. Perhaps the most significant cause is when someone feels taken advantage of. If you can't learn or even recognize the potential for loss of rooting your device, please don't perform it. You're going to need to learn how to root your phone all the way through then there is usually the potential for bricking your device and object rendering the idea useless. To be able straight, let's see what Root can do. This might happen when a perfectionist boss demands the same dedication and commitment from employees as he or she exhibits, but does not compensate them for the late or weekend hours.


[FULL STORY]
 
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NEWS HEADLINES
Kellogg Company Goes Live With SmartOps Multistage Inventory Planning & Optimization Software Version 3.2

Ariba Honored As a Top Industry Vendor by Supply & Demand Chain Executive Magazine

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i2 and the i2 User Group Now Accepting Nominations for the Ken Sharma Awards for Excellence; Award Honors Breakthrough Best Practices in Supply Chain Optimization

 
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