Insights on Business Management Software and ERP
SYSPRO Smarter ERP Blog

Posts by Topic

More...

Subscribe to Email Updates

SYSPRO in the procurement chain

Posted on 7 August 2014 by Cathie Hall

collaborative-supply-chainI recently took part in a management workshop, which saw two competing teams manufacturing a particular structure.  This was a simulation exercise using Lego blocks in which we had to make as many structures in a minute as possible and deliver them successfully to the “customer.”  The customer would then quality check the output and advise each team on how much revenue had been generated (you could lose revenue through rejections). 

The first round came and in the excitement to deliver to the customer, we forgot about the supplier, we ramped up our stocks, we didn’t worry about the costs.  We paid for it in profitability at the end of the round, the deductions for working capital really stung our bottom line.

Read More

Topics: Supply chain, Inventory management, collaboration, Procurement, Supplier management

 

Subscribe to Email Updates