What is Barycenter or center of gravity? Discover in our dictionary this week, this concept and what it implies in a practical way. Download and read the dictionary-barycenter Have a great week
Read MoreSUPPLY CHAIN DICTIONARY : BARYCENTER
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SUPPLY CHAIN DICTIONARY : BUFFER STOCK
The expression of the week is buffer stock, a key supply chain management concept that helps to deal with contingencies or uncertainties in demand or supply. Read and download the dictionary Dictionary-buffer stock
Read MoreSUPPLY CHAIN DICTIONARY : WHAT IS JUST-IN-TIME?
The concept of “just-in-time” refers to a method of supply chain management that aims to reduce costs and improve efficiency by eliminating unnecessary inventory. This method involves producing or delivering products just in time, in precise quantities, to meet immediate customer demand. In other words, just-in-time means that production or delivery is synchronised with actual demand, thus avoiding the costs associated with managing large stocks. This approach involves close collaboration between the different actors in the supply chain, such as suppliers, manufacturers and distributors, to ensure that products are delivered…
Read MoreThe Sea Waybill (SWB)
Created in the early 1980s to correct the disadvantages of the bill of lading, the Sea Waybill (SWB) is a non-negotiable transport document issued by the maritime carrier. The SWB is a document evidencing the contract of carriage and the characteristics of the goods loaded but does not represent the goods. As it does not represent the goods, it is merely a receipt for the goods. However, like any commercial document, it has advantages and disadvantages. Advantages of the Sea Waybill …read more on maritimafrica.com
Read MoreSupply Chain dictionary : Dead or dormant stock
Discover this week, what is a dead or dormant stock and its impact on your company’s supply chain. Dictionary-deadstock
Read MoreSupply Chain Dictionary : what is SCC?
What is Supply Chain Collaboration (SCC)? The answer in this first issue of our column Dictionary-GPA
Read MoreThe job of Supply chain Manager
