However, when a supplier is strategically important to your business you'll need to devote much more time and energy into building up your relationship. There are four steps that you can take to manage your suppliers more effectively: Evaluate each supplier's strategic importance to your organizat...
This step includes operations planning, which covers the operational processes you’ll need to manage your supply chains. Sourcing This step includes settling on payment, shipping and delivery methods, as well as accepting, checking and transferring goods for the next step. ...
In order to better manage user needs, franchisees should determine the principles, methods and procedures of user demand information collection, analysis, decomposition and transmission according to the characteristics of their industry and their status. In addition, franchisees should also establish a s...
Transparency is crucial when handling delays. Reach out to customers before they contact you about a shipment delay situation. Communicate openly with your customers about the reasons for delays and provide realistic delivery estimates. Set up a responsive customer service team to manage inquiries via ...
exposing them to risks worldwide. The procurement function must meet the challenges of detecting and mitigating risks amid this. By collaborating effectively and utilizing AI and other digital tools, procurement functions can deliver on their value proposition and promote resilience to supply chain ...
In times of uncertainty, it's critical for you to plan and re-plan quickly across your whole enterprise, including sales, operations, demand, supply and finances. This session focuses on the increasingly important role of integrated planning. Watch Oracle and SupplyChainBrain as they discuss key...
How to Effectively Manage the Cost and The Time of Logistics QuickResponse. Junbo Li. . 2012Li JB (2011) How to effectively manage the cost and the time of logistics quick response. In: Proceedings of the 2011 Inter- national Conference on Informatics, Cybernetics, and Com- puter Engineering...
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How do you manage returns effectively? Speed should always be a priority. Customers expect their returns to be processed quickly, with a refund or replacement product issued as fast as possible. Speed will also benefit your business, ensuring the returned product is back within your inventory and...
How to manage vendors: five areas to focus on Managing vendors effectively requires a strategic approach to ensure smooth operations, mitigate risks, and maximize value. By focusing on these six key areas, you can build stronger vendor relationships and streamline processes. 1. Define Vendor Key ...