GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Transportation modes used in procurement and shipping. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. But the possibilities for continuously improving. Supply Chain Leaders need to Focus on Continuous Improvement.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

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

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

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

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 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Synovos

OCTOBER 30, 2023

Also, many of the initial team members still worked for the provider, meaning historical data was available for analysis by those who completed the initial work; this helped explain the “why” behind decisions made years ago which appear as anomalies in the data analysis. There are 14 other sites that receive procurement support.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

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

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

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

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

ThroughPut

MAY 22, 2024

An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. This eliminates manual work, improves productivity, and reduces errors. This enables faster decision-making, better customer service, and optimization opportunities.

Supply Chain Planning Software 97

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 97

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. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 92

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

GlobalTranz

OCTOBER 6, 2021

With driver shortages still impacting the industry and continual volatility within supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services, including advanced shipper TMS platforms and managed services to reduce workload. . Enabling Data-Driven Decision-Making .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Global Trade Management

DECEMBER 11, 2023

Harnessing the Power of Predictive and Prescriptive Analytics Predictive analytics is the key to foreseeing future events, such as equipment failures or the precise amount of inventory needed based on sales forecasts. Algorithms offer rapid analysis of vast amounts of unstructured data with precision levels that surpass human capabilities.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics 59

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

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 Court conducted a very complicated and thorough analysis in determining which terms and conditions applied and which did not.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

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. Procurement Lead Time: Efficient procurement lead time ensures timely access to raw materials, a fundamental step toward efficient production.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 78

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

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. It goes beyond traditional automation by encompassing a wider array of processes and focusing on both the effectiveness and the continual improvement of workflows.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

SCMDOJO

JUNE 6, 2023

This helps them optimize inventory levels and avoid overstocking or understocking. This has proven to improve cash flow since businesses avoid extra costs by excess inventory supply, and they also avoid not having enough products on hand. They can avoid bottlenecks and inventory shortages. Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. With driver shortages still impacting the industry and continual fluctuations with supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services. Focusing on the?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Can we get the right resources needed to collect data for analysis before it’s too old?

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Improved Supply Chain Resilience Anticipating demand fluctuations allows companies to adjust their inventory levels proactively, thereby reducing the risk of stockouts or overstocking.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Unleashed

MAY 23, 2024

This helps you develop new products more efficiently by integrating and automating business processes , shortening time-to-market, and improving overall product quality and procedures. Enhanced product quality is achieved by providing real-time access to product data, which informs continuous improvement and innovation efforts.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Inventory Management Software Demand Planning Software 52

Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Forecastability is an analysis of what is possible in the forecast. Instead, these measurements should be plotted along with these seven parameters of planning to drive continuous improvement.

Supply Chain Planning Software 204

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 204

Unleashed

OCTOBER 23, 2023

When you have a tight production plan based on accurate forecasting and data analysis, your business will be in a better financial position. Reduced waste: Optimising processes and inventory means gaining a more accurate understanding of your requirements.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Precoro

AUGUST 31, 2023

Sufficient cost savings are achieved by utilizing a rigorous spending analysis, identifying opportunities for improvement, preparing strategies to reduce expenses, and carefully implementing these strategies. Cost saving is never an “introduce and let it be” process but one requiring continuous improvements.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Reduce inventory with cross-docking or use Kanban pull systems. Improve processes daily.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Supply Chain Network

MAY 15, 2012

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone? Without better visibility into the sourcing process, procurement can’t uncover the problems they need to fix.

Purchasing Skills 97

Purchasing Skills Sourcing Strategies Optimal Sourcing Procurement Solutions 97

Supply Chain Shaman

AUGUST 11, 2014

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. We think that it requires a focus on both total performance and measured supply chain improvement.

Case Study 288

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 288

Logistics Viewpoints

FEBRUARY 8, 2022

Manufacturers, retailers and their logistics partners often managed supply and demand volatility by shifting scarce inventory among stores or distribution centers, or investing in expedited freight charges, without considering the real implications of these strategies on their long-term profitability. While driving a projected $14.1

Logistics Network Optimization Software 188

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 188