Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Other critical functions include order management, manufacturing, and product development. It is the world’s foremost authority in benchmarking, best practices, process and performance improvement, and knowledge management.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

EC Sourcing Group

JUNE 8, 2021

Sourcing Industry Veteran, Paul Martyn, joins EC Sourcing Group’s Leadership Team. EC Sourcing Group Expands its Leadership Team: Procurement and strategic sourcing technology company, EC Sourcing Group, welcomes industry veteran, Paul Martyn, to its executive leadership team.

EC Sourcing 52

EC Sourcing Optimal Sourcing Manufacturing Procurement Groups 52

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What are its advantages and disadvantages?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. forecasting product sales at 10,000 stores.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. Benchmarking is not Benchmarking. Business Dictionary.com.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. 60% to 70% is considered a good benchmark of inventory levels. Top-Line KPIs and Metrics for Supply Chain Management.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Shaman

JUNE 21, 2023

One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. The analysis is biased toward large process-based manufacturers in the Gartner network. Is this success? I don’t think so. Learning Stalled.

Gartner 365

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 365

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Requis

OCTOBER 30, 2020

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

DELMIA Quintiq

MAY 17, 2023

It might mean that in some cases, a somewhat higher purchase price is accepted to save CO2 emissions. Suppose that for a specific type of slab, the purchase price from the Asian supplier is lower. Suppose that for a specific type of slab, the purchase price from the Asian supplier is lower.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Supply Chain Brain

AUGUST 21, 2020

Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. What’s more, the data from this study doesn’t come from surveys and questionnaires, it is sourced from real data from E2open’s diverse customer base.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

Enterra Insights

JANUARY 18, 2024

I look forward to seeing the benefits of machine learning reach more manufacturers in 2024. … With time, these capabilities will lead to unprecedented flexibility, quality and reliability in manufacturing.” As I noted earlier, this so-called singularity is the source of both anticipation and anxiety.

Trends 264

Trends Predictive Analytics Software Modeling Software Optimization Software 264

Supply Chain Game Changer

NOVEMBER 7, 2019

The artist explains: “This work attempts to bring out certain forms and structures by combining organic materials (earth, plants, vegetables, fruit, fish) and manufactured products (a pair of shoes, pigments used to colour the layers). Source: Deloitte CPO Survey 2018. Digitization vs. Digitalization.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

Logility

NOVEMBER 2, 2022

Suppose a product can be manufactured in multiple plant locations, and there’s a potential warehouse only 50 miles away from 60% of your customers that regularly order it. The solution brings decision-making around sourcing, production, and logistics further down the organizational chart. Third: Repeatable network design.

Optimal Sourcing 130

Optimal Sourcing Network Design Software Network Optimization Network Design 130

Supply Chain Shaman

NOVEMBER 9, 2014

The team was organized around the functional silos of source, make and deliver. Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. When we started benchmarking companies, Deborah and I had a friendly wager. It had been this way for over two decades. It was not measured.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

ToolsGroup

OCTOBER 3, 2022

Source: Bloomberg.com. The demand for retail workers to fill positions in stores, warehouses, and the manufacturing plants of vertically integrated retailers is not decreasing anytime soon. Moreover, the new policy of purchasing online and picking up in-store adds to the already high-stress environment for in-store employees.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Pivot88

NOVEMBER 30, 2023

Each quarter, our parent company TradeBeyond publishes its comprehensive Retail Sourcing Report , which is filled with timely research, facts, and analysis to help brands and retailers make the most informed sourcing decisions.

Supply Chain Design Software 52

Supply Chain Design Software Retail Resource Reduction Manufacturing Procurement 52

DELMIA Quintiq

MARCH 4, 2021

Viterra , formally Glencore Agriculture, a global leader in the sourcing, handling, processing and marketing of agricultural commodities and products, has started a global digital transformation program to improve and accelerate its business decisions.

Optimal Sourcing 296

Optimal Sourcing Supply Chain Planning Software Scenario Planning Global 296

Kinaxis

JULY 18, 2014

The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. It has about 6 million components which are manufactured in 30 countries by 550 unique suppliers. Think about those design, sourcing and delivery challenges. No registration required.).

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Aerospace Supply Chain Strategy 224

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. How can food and beverage manufacturers reduce their waste? The following five strategies can help food and beverage manufacturers to manage and reduce their food waste: 1.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Identify the RM and manufacturing process for each sub part.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

The Logistics & Supply Chain Management Society

JULY 16, 2023

Halal risk management practices of most companies are passive, meaning it is limited to the compliance of suppliers and their own (manufacturing) operations based on the requirements of the halal certification body and their halal standard(s). On the other hand, halal risks in the entire supply chain are not on their radar screens.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Kinaxis

NOVEMBER 11, 2019

Planners can’t work with contract manufacturers. Purchasers don’t have visibility into existing inventory. All supply chains have data errors, but if exhaustive searches rarely reveal the source of the problem – or reveal new problems – it might be more than run-of-the-mill complexity. Communication breaks down.

Supply Chain Transformation 164

Supply Chain Transformation Supply Chain Planning Software Gartner Supply Chain Software 164

Enterra Insights

OCTOBER 26, 2023

Companies can leverage social media to obtain consumer behavior analytics while also monitoring the industry, news and other sources that can indicate potential supply chain disruptions like the passing of a new regulation. 7] It should be clear that resiliency is built on a foundation of data. .”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. This includes the automation of path-to-purchase for consumer products, active shaping of demand through price, channel incentives and promotions, eCouponing and mobile commerce for retail, and product proliferation for all. It constantly amazes me.

Manufacturing Procurement 187

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 187

Supply Chain Game Changer

FEBRUARY 26, 2019

Procurement (and Purchasing) Job Interview Questions & Answers. Unless your company is amongst the very largest companies in the world then chances are your Procurement team will, at some point, be dealing with Suppliers that are larger than your company. How are they doing relative to any competitors or benchmarks?

Negotiate Pricing 60

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 60

NC State SCRC

SEPTEMBER 27, 2023

In his current role, he is accountable for several strategic functions, including corporate engineering; capital and infrastructure strategy; corporate real estate; risk management; operations research and global procurement. Number 1 : I was and remain naturally curious – about the industry, emerging trends and sources of value.

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

Stord

AUGUST 5, 2020

While many companies actively report on direct emissions from and around manufacturing operations, indirect emissions consist of a much broader range of activities and are a significant contributor to the overall carbon footprint. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. 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.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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. Impact to Industry.

Material Savings 97

Material Savings Manufacturing Procurement Chemicals Supply Chain Planning Software 97

EC Sourcing Group

JANUARY 24, 2019

Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. If it was always this easy.

Manufacturing Procurement 45

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45