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Supply Chain Management



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Warehousing

Warehousing defined

Performance of administrative and physical functions associated with storage of goods and materials. These functions include receipt, identification, inspection, verification, putting away, retrieval for issue, etc. Over the years numerous software services have been developed to assist manufacturing companies better manage their warehousing operations. Here are two Australian based software providers through which you can learn more: Wise Distribution Systems and MEX Maintenance Software.

Automation and optimisation

Warehouses can be completely automated, and require only operators to work and handle all the tasks. Pallets and product move on a system of automated conveyors, cranes and automated storage and retrieval systems coordinated by programmable logic controllers and computers running logistics automation software

Just In Time techniques

Just in time (JIT) is a production strategy that strives to improve return on investments by reducing in-process inventory and associated carrying costs. This process relies on signals or Kanban between different points, which are involved in the process, which tell production when to start the next process. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of an item on a shelf. ‘What is Just In Time Manufacturing?’ provides some reliable reference information, as does www.max360.com.au

What is VMI? Vendor Managed Inventory

Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain) supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location. This process can be enabled through a range of digital technologies – Australian-based smartphone application fieldteam is a helpful example. It may also be helpful to consider software offered internationally through reviews sites such as Capterra.

Reverse logistics

Reverse logistics are terms used for all operations related to the reuse of products and materials. For a manufacturing company, this caters to any defective products that might be returned by the customer. It relates to what you choose to do with the product once it is returned. Should it be dismantled, repaired, recycled or disposed of? It is because the product will effectively travel in reverse through the supply chain that this term has found traction. Software is available to help your business manage this process more effectively, such as Lexmark and Australian company APCD.