Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 80

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 80

Unleashed

APRIL 6, 2022

Lean manufacturing involves 13 core principles – many more than the ‘five principles’ that are often associated with this popular manufacturing system. The lean concept originally came from manufacturing, but it has gained in popularity and is now used widely across different industries and sectors.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

ThroughPut

MARCH 11, 2024

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software?

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. By improving the speed of these processes and eliminating inefficient or costly practices, we can maximise productivity and profit. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 77

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 77

QAD

JUNE 20, 2023

In the world of modern manufacturing, the importance of an efficient supply chain cannot be overstated. Manufacturers invest a great deal in resources to improve manufacturing efficiency and streamline their operations. Manufacturers are always looking for ways to produce more and make the shop floor more efficient.

Optimal Sourcing 89

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 89

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

QAD

MARCH 16, 2022

So much of what goes into running a manufacturing operation involves planning ahead. Proper capacity requirements planning is critical to manufacturing success, as this process determines if a company can even deliver on orders. Purchasing additional equipment may also be needed if the demand will be consistent.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Capacity Scenario Planning 52

GlobalTranz

DECEMBER 7, 2015

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. Manufacturers will seek custom (or specifically tailored) e-commerce solutions.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Unleashed

OCTOBER 23, 2023

Efficiency in manufacturing comes from having the right preparation and the most cost-effective processes in your arsenal. It describes how goods will be manufactured, the expected demand for those goods, and any production requirements such as materials or labour. The first step in achieving these aims is called production planning.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". The Buyer then sent a purchase order affirming its intention to purchase the two piping units to be manufactured by the Seller.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

Supply Chain Shaman

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Only four percent of companies outperformed their peer groups.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Elementum

FEBRUARY 7, 2024

Business process management (BPM) tools are essential in executing BPA, as they facilitate the design, analysis, and management of business workflows, ensuring a seamless integration and operation within the organizational structure. These evaluations should guide towards continuous improvement.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

TransAudit

JUNE 27, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Benefits of Machine Learning in Supply Chain Management One of the most potent applications of machine learning lies in inventory management. Quality control is another area where machine learning shines.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 69

ThroughPut

APRIL 21, 2020

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software?

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Optimal Sourcing 52

ThroughPut

APRIL 21, 2020

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software?

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Optimal Sourcing 52

ThroughPut

APRIL 21, 2020

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software?

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Material Savings 52

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. To improve operations and stay ahead of the competition, many distributors are turning to assessment tools to evaluate performance and identify areas for improvement.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 90

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

ThroughPut

MAY 5, 2021

How AI-Powered Capacity Planning is Changing The Manufacturing Landscape – a ThroughPut Perspective. Capacity planning helps you determine resources as a manufacturer in proportion to the output you need to generate to meet the demand. So, how do you prepare for such an unprecedented situation?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Capacity Resource Reduction 52

SCMDOJO

DECEMBER 14, 2023

This total time can be further categorized into key components: Procurement Lead Time: This dimension, situated in the upstream supply chain, covers the duration from placing an order to receiving it. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes.

Inventory Reduction 76

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 76

TransAudit

JULY 6, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Benefits of Machine Learning in Supply Chain Management One of the most potent applications of machine learning lies in inventory management. Quality control is another area where machine learning shines.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 52

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. But as supply chains continue to get more complex each year, delivering on target and on time becomes more difficult. That’s why most inventory handlers leverage data.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Supply Chain Shaman

MARCH 28, 2016

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. While companies want to improve supply chain performance and drive value, it is easier said than done. For many companies, improving results is elusive.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Unleashed

FEBRUARY 3, 2022

The lean assembly line is a critical part of the broader lean manufacturing method – which is now a common approach modern manufacturers take to cut costs and achieve greater profits. What is the lean manufacturing method? A lean assembly line is one to which the principles of lean manufacturing have been applied.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Lean Inventory Management Software Waste Reduction 98

USC Consulting Group

FEBRUARY 12, 2019

Building materials manufacturers are, of course, responsible for producing these essential supplies. These businesses are poised to continue their successes into the new year, a comforting sign for U.S. These businesses are poised to continue their successes into the new year, a comforting sign for U.S. A hot housing market.

Manufacturing Procurement 40

Manufacturing Procurement Material Savings Manufacturing Inventory Reduction 40

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on time.

Optimal Sourcing 98

Optimal Sourcing Negotiating Skills Inventory Reduction Purchasing Skills 98

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Fresh, easy to digest format.

Supply Chain Design Software 114

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 114

synchrono

OCTOBER 18, 2016

Lean Manufacturing relies heavily on trusted relationships with suppliers and pre-negotiated terms of engagement. An eKanban Pull-based inventory replenishment system monitors that each aspect of the service level agreement is being met by the supplier in real-time. Eliminating inventory waste.

Manufacturing Procurement 40

Manufacturing Procurement Agile and Lean Supply Chain Demand Planning Software Optimization Software 40

Global Trade Management

DECEMBER 11, 2023

Introduction Supply chains are the lifeblood of any business, serving as the vital link between suppliers, manufacturers, and end consumers. Algorithms process input data such as current inventory levels and anticipated demand, producing recommendations for raw material procurement.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Adexa

JULY 17, 2023

Improved visibility and transparency: Digital transformation enables real-time visibility across the entire supply chain network. It allows organizations to track and monitor inventory levels, production status, transportation, and other crucial supply chain activities.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

Precoro

AUGUST 31, 2023

Recall how manufacturers had to limit their on-site staff due to coronavirus safety regulations; more recently, food production in Ukraine was disrupted, which in turn affected the sales channels of Ukrainian products and everyone around the world who uses or distributes them. In situations like these, every cent matters.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105