Sabbir Fakir’s Post

Unmanaged inventory can drive up operational costs by 20%, cutting into your profits. Regular audits are key to keeping inventory accurate and costs under control. Don’t let inefficiencies drain your resources—audit regularly for a healthier bottom line! 📊💸 #StockAudit #InventoryManagement #CostEfficiency #BusinessProfitability #AuditEssentials

The cash conversion cycle (CCC): From a supply chain consultancy perspective CCC refers to the time it takes for a company to convert its investments in inventory and other resources into cash flow from sales. It is a key metric that helps businesses understand how efficiently they are managing their working capital and cash flow within the supply chain. This week, Dberry will explore and provide a step by step guide on how we can increase your business cash flow liquidity, while maximizing your finished and raw material stock position. #cashconversioncycle #cashflow #inventorymanagement info@dberryconsulting.com

Message me if you'd like to set up a time to discuss how Varis is hyper focused on helping your organization measure and manage indirect spend! Please read the short blog below to learn more. #varis #indirectprocurement

Curious about the EOQ formula and its impact on your inventory management? 📦 Check out Netstock's latest blog post to understand how EOQ can help you minimize costs and optimize your inventory levels. Get the details here: https://lnkd.in/gT5wdM7N #inventorymanagement #EOQ

SBOMs and the importance of inventory https://lnkd.in/ecttCTga

In today’s cost-conscious environment, supplier consolidation isn’t just a strategy—it’s a game-changer. - Better Pricing: Consolidate purchases with a single supplier to leverage economies of scale and secure lower costs. - Reduced Costs: Slash processing and administration expenses by streamlining freight, delivery, and invoicing. - Time Savings: Simplify ordering with one point of contact and one invoice, freeing up time for strategic tasks. - Minimised Risks: Lower the chances of delivery issues and price discrepancies by managing fewer suppliers. - Lasting Relationships: Build stronger partnerships with your suppliers, leading to better service and loyalty. At FDG, we streamline your support products, seismic bracing, fasteners, tools, and consumables into one seamless transaction. Let us handle the details so you can continue moving and making. #FDG #SupplierConsolidation #MovingandMaking

International reference pricing (IRP) is a widely used element of price regulation in the vast majority of #European region. IRP is a price control mechanism whereby a government considers the price of a medicine in other countries to inform or establish the price in its own country. It's especially useful for smaller countries that may not have the same bargaining power as larger countries. Pharmaceutical companies are facing an increasingly complicated IRP landscape with diverse regulations. Model N Global Pricing Management - IRP module carefully handles the complex system of international reference pricing and re-referencing relationships around the globe. It empowers you to consider IRP throughout the entire product life cycle of the drug with the careful iterative simulation steps and what if analysis results to evaluate all strategic pricing decisions of a pharmaceutical for it's impact. It carefully considers the IRP rules for each country and avoids oversimplification. ModelN's IRP Module has successfully established a manageable, intuitive analytics model that contains all the mandatory components included in IRP to help take an informed decision. #RevenueOptimization #LifeSciences #ProductManagement #RevenueManagement #StopRevenueLeakage #PricingDecision #Pharmaworld

How can BCOs adapt to a world where market volatility makes contract negotiations a monthly event? Catch the full recap of our webinar, "Optimizing Procurement Strategies for 2025: Insights & Trends," where Judah Levine, Oliver Esch and Christian Wilhelm shared key insights: https://lnkd.in/dMZhvTD8 #Procurement #Logistics #SupplyChain

International Reference Pricing (IRP), the lack of visibility into diverse global markets and the presence of siloed systems can create substantial challenges in effectively managing global pricing. However, with #ModelN's Global Pricing Management, you gain the power to proactively reduce price erosion and optimize the revenue of your products across the globe. Discover how this solution can benefit your business: https://lnkd.in/e-QRaDA6 #RevenueOptimization #RevenueManagement #LifeSciences

To wrap up our “Preparing for change” series, we turn our focus to challenges/remedies where we look at the revised standstill period, the new test applicable to lifting the automatic suspension and more. Read more: https://buff.ly/4aM8r9D #ProcurementAct #PA23 #ProcurementReform