During a Supply Chain workshop with a client this past week, the subject of Firming requirements on a Supplier Schedule became a hot topic of discussion, and I thought it would be worthwhile to discuss this in general terms in this week's blog. In this client’s environment, the supplier is an intercompany supplier that is based in Asia and is supplying its US-based sister company. This particular client is a Tier 1 automotive supplier and they are using Supplier Schedules and Customer Schedules to communicate demand and execute shipments between the companies. Historically, the Asia-based supplying company required a 3-week Firm period (not inclusive of shipping lead time), as this ensured 100% compliance to schedule. The main driver for this requirement was the fact that responsibility for premium freight charges between Asia and the US was historically a very parochial issue. During ... Read More »
Web Testimonials Coming Soon! Several of Logan Consulting's loyal clients were generous enough to provide us with a video testimonial at the Spring QAD Midwest User Group meeting in Chicago. Return to www.logan-consulting.com periodically to see what other clients are saying about the quality of service they have received from Logan Consulting! Thanks for visiting!
Web Testimonials Coming Soon!
Several of Logan Consulting's loyal clients were generous enough to provide us with a video testimonial at the Spring QAD Midwest User Group meeting in Chicago. Return to www.logan-consulting.com periodically to see what other clients are saying about the quality of service they have received from Logan Consulting!
Thanks for visiting!
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In my next series of blogs, I want to explore the business issues and business processes involved in the annual cost formulation process. I will discuss the following:1. Budget Planning and Annual Forecasting.2. Burden and Overhead versus Variable and Fixed Costs.3. Direct vs. Indirect Costs.4. Understand your Profit and Loss Statement5. What is SG&A and does it belong in my standard cost?6. The blocking and tackling of cost formulation.7. How should I recognize write up or write down of inventory from my annual cost roll?Although the above concepts are ERP software independent, I will discuss the business concept in relation to the QAD MFG/PRO software.
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