The quick spread of COVID-19 has affected global industries, making the heads of enterprises review and re-evaluate the practicability of their activities. This is even more obvious for those in supply chain management.
Consumer packaged goods (CPG) describe merchandise that has to be reloaded frequently, as opposed to items that can be replenished after longer durations.
Private label brands (or own-label brands) constitute the merchandise that retailers sell with their own packaging but are manufactured by a third party. In other words, private label brands are products that are manufactured for a specific retailer and branded with the retailer’s attributes.
Successful suppliers can still sell their products to customers even if they don’t have the inventory. To do so, they use backorders.
A Bill of Materials (BOM) is a list of ingredients used to manufacture a product. It indicates the amount of each ingredient used. These ingredients can be raw materials, interim items, sub-units, parts, and consumer goods.
Which products, customers, or purchased parts are the largest contributors to your company's success? An ABC analysis can help you find this information out