Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer?

Procurement Analytics 71

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 71

Supply Chain Shaman

SEPTEMBER 10, 2023

As for MEIO, I was excited to see some innovation in the space, but the creativity was short-lived. The most innovative of the technologies were quickly acquired, and the promise waned. The software never expanded in scope to manage multi-tier inventories. What has changed are brief innovation periods to create better engines.

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Game Changer

NOVEMBER 7, 2019

Technology is applied when needed as a ‘proposition’, typically implemented with an expected result in mind, but often creating an output of impact in an organization- that can too render as disruptive or innovative to the initial digital state of the organization. Digitization vs. Digitalization. Source: Deloitte CPO Survey 2018.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

Supply Chain Shaman

JUNE 21, 2023

” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. Today’s risk management solutions focus largely on supply sensing and early alerting. Some solutions now include proactive event management driving recommendations to correct/prevent disruption. A Focus On Risk.

Gartner 351

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

Enterra Insights

JUNE 22, 2023

In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter. For example, forecasting might estimate the total number of ice cream cones to be purchased in a certain region, while predictive analytics tells you which individual customers are likely to buy an ice cream cone.”[1]

Supply Chain Performance 130

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

SupplyShift

JUNE 5, 2023

Innovative tools for sustainable retail Consumer goods retailers use THESIS to understand and act on the sustainability performance ​of the wide range of products they purchase and sell.​ SUPPLIER FEEDBACK TOOLS Take action on your data and empower your suppliers to improve.

Retail 52

Retail Supply Chain Network Software Benchmarking Consumer Goods 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We These companies redoubled their efforts, looked hard at their expenses and called upon their procurement organizations for help.

Negotiating Skills 51

Negotiating Skills Purchasing Skills Procurement Solutions Negotiate Pricing 51

Supply Chain Game Changer

APRIL 23, 2019

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.

Procurement Analytics 50

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 50

EcoVadis

MARCH 31, 2017

Many procurement teams are finding holistic approach can provide huge advantages. Here’s an overview of the important criteria to consider when searching for a solution: What is the Industrial Breadth of the Solution? Your organization may know very little about many of these industries, especially when it comes to risk and CSR.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

CormSquare

JANUARY 24, 2017

But the question is, what are the other main challenges in procurement being faced today? This survey was done on 324 senior procurement lea ders fr om 33 countries offering a deep insight into current procurement preoccupations. There is plenty to worry about. Cost Reduction. This level is higher than the previous year, 69%.

Procurement Solutions 50

Procurement Solutions Procurement Analytics Cost Reduction Strategies Purchasing Skills 50

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Unleashed

MARCH 6, 2024

Three reasons why it’s important to improve supply chain agility: Remain adaptable to market changes: Responding quickly and effectively to changes in customer preferences, demand patterns, and product innovations helps you to capture new opportunities and gain a competitive edge.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

ThroughPut

FEBRUARY 2, 2024

This advanced form of supply chain analytics offers agility and adaptability, setting new benchmarks for data-driven decision-making. It won’t be an exaggeration to say that a lot of innovation and breakthroughs in supply chain in the future will be a result of the advancements in the field of supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. You can keep your purchasing costs down by stocking only the SKUs that generate profit and demand. Reduced storage and supplier costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Logility

NOVEMBER 9, 2021

Technology, particularly corporate social responsibility solutions supported by AI and machine learning, increase transparency by identifying employment practices and enabling corrective action. . A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 130

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Then, F&B businesses can transform diverse information from sales, production, finance, marketing, transportation, and procurement into one comprehensive business plan.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

RFgen

APRIL 28, 2023

When seeking to improve efficiency and optimize cost, solution-focused mobile technology can accomplish both. Strategy and Planning Patching together interim solutions to labor cost challenges is not a long-term strategy. Ensure you have a deep understanding of how products and people move through your space, and back it up with data.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Expense Reduction 52

BlueYonder

JULY 25, 2017

The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies. Investing in an enterprise workforce management solution will deliver around 5 percent productivity increase.

Third Party Logistics 42

Third Party Logistics Modeling 3PL Modeling Software 42

BlueYonder

JULY 25, 2017

The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies. Investing in an enterprise workforce management solution will deliver around 5 percent productivity increase.

Third Party Logistics 40

Third Party Logistics Modeling Modeling Software 3PL 40

EcoVadis

APRIL 14, 2016

What an immense showing of commitment to sustainable procurement we witnessed Tuesday for Sustain16! A wide diversity of roles were represented from CPOs, purchasing, and CSR directors alongside human rights advocates and industry experts. Although shame works well, its the data that matters, for example benchmarking of suppliers.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. But innovation doesn’t exist in a vacuum.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. It is the main measurement benchmark in measuring supply chain performance, isn’t it? The goal is to keep inventory levels at a minimum to meet customer needs. A pull system is better than a push system. Read more. . Read More. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Unleashed

JULY 25, 2021

Let’s look at how smart food businesses can reduce their waste – and how the right food manufacturing software helps them do it. In addition to their sustainable food waste management activities, and innovations, Ozharvest also undertakes education to promote positive change. What is food waste management? Commercial composting.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

EcoVadis

FEBRUARY 28, 2018

To take advantage of these upside opportunities, companies, specifically procurement teams, must ensure the tools and practices they use to assess and select suppliers are up to scratch. A Successful Sustainable Procurement Journey. Sustainability is not a core expertise in most procurement organizations.

Sustainability 53

Sustainability Procurement Solutions Procurement Analytics Supply Chain Design Software 53

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” This type of benchmarking is the most powerful in the comparison of like competitors. The Market Leaders in Inventory Management Technology Have the Best Solutions.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

JUNE 9, 2016

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. In this period the concept of trading exchanges were largely overhyped and the solutions under-delivered. The Promise of Innovation.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. For sure, the traditional should cost approach and solutions can help solve these issues. Multi contract with similar suppliers.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

SupplyShift

MARCH 15, 2022

A survey highlights that 90% of Gen Z believe companies must act to prioritize improving environmental issues, and 77% of total consumers are motivated to purchase from companies committed to making the world a better place. Collaboration helps build trust and transparency, and that can lead to innovation. Supplier Collaboration.

Sustainability 52

Sustainability Manufacturing Procurement Procurement Solutions Purchasing Skills 52

Elementum

OCTOBER 13, 2017

It's no surprise then that the company became a signatory of t he Chemical Footprint Project (CFP), a project of Clean Production Action, which provides a tool for benchmarking companies as they select safer alternatives and reduce their use of chemicals of high concern.

Material Savings 97

Material Savings Manufacturing Procurement Chemicals Supply Chain Planning Software 97

Supply Chain Game Changer

NOVEMBER 28, 2019

According to Metapack, 70% of US consumers have purchased goods from one store over another because of better delivery options, as would 58% of consumers overall. 94% of people making business purchases expect the same customer experience as when they make personal purchases. Using 3PL software as logistics solution.

Logistics Network Optimization Software 83

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 83

Freightos

JANUARY 28, 2016

Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. A (short-term at least) solution for large forwarders to sustain growth path by acquiring assets, reach or just size. Kuhne Nagel’s purchase of U.S. Like reach (e.g.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

JANUARY 28, 2016

Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. A (short-term at least) solution for large forwarders to sustain growth path by acquiring assets, reach or just size. Kuhne Nagel’s purchase of U.S. Like reach (e.g.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

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. This cost center is responsible for managing technology infrastructure, software systems, and support services.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Enterra Insights

FEBRUARY 17, 2022

Without a holistic vision and strategy, technologies purchased to enhance one city system might not be compatible with technology utilized to enhance other urban systems. We’re setting the benchmark for cities around the world to become smarter, efficient, safer and more sustainable.”[8]. ”[8]. Emergency Response.

Sourcing Strategies 130

Sourcing Strategies Expense Reduction Cost Reduction Strategies Resource Reduction 130

SupplyShift

MARCH 15, 2022

A survey highlights that 90% of Gen Z believe companies must act to prioritize improving environmental issues, and 77% of total consumers are motivated to purchase from companies committed to making the world a better place. Collaboration helps build trust and transparency, and that can lead to innovation.

Sustainability 40

Sustainability Manufacturing Procurement Procurement Solutions Purchasing Skills 40