Supply Chain Shaman

SEPTEMBER 24, 2018

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 228

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. Take into account things like your current skill level, desired improvement areas, and professional objectives. What is procurement and purchasing Lesson 2. Types of procurement.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

SCMDOJO

APRIL 20, 2023

As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. What’s more, blockchain’s ability to track products from source to consumer empowers businesses to execute sustainable and ethical practices across their supply chains.

Optimal Sourcing 54

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 54

Talking Logistics

SEPTEMBER 13, 2016

To build more powerful relationships, extending across a critical mass of trading partners, companies need to utilize a robust platform like a supply chain operating network, which leads to increased visibility for continuous improvements in company performance, agility, and differentiation.

Real-time Visibility 100

Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software Inventory Reduction 100

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). It is now shifting again.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. It was called, “ The Short List ”.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Supply Chain Shaman

SEPTEMBER 13, 2016

It is clear that new outcomes cannot happen through a focus on traditional continuous improvement programs. The change in front of us will transform the base-level definitions of source, make and deliver. Companies using traditional technologies coupled with Excel spreadsheet ghettos will be at a disadvantage.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

SCMDOJO

OCTOBER 27, 2023

Long-Term Supplier Relationship Negotiation: Focused on establishing a long-term relationship with a supplier, this negotiation may include agreements for continuous improvement, innovation, and cost reduction. Alternative Sourcing Negotiation: This negotiation explores alternative sourcing options when necessary.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. At the Supply Chain insights Global Summit , Nick shared his story on driving demand-based improvements. Nick strongly believes that it is insufficient to drive supply chain improvement through incrementalism.

Demand Planning Software 245

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 245

Elementum

FEBRUARY 7, 2024

Procurement: Automated Procurement Processes AI enhances procurement by automating supplier selection, contract management, and purchase order processing. These evaluations should guide towards continuous improvement. Continuous Improvement Lastly, continuous improvement is crucial to the success of business automation.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Others will have a purchasing or supplier management board at the senior management level.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

MARCH 3, 2018

On Wednesday morning, when I finished speaking at the Foundation for Strategic Sourcing in Fort Lauderdale, an executive from J&J pulled me aside and said, “Our strengths, are now our vulnerabilities.” ” He continued, “Great mass marketing used be our differentiator, but now the barriers to entry have changed. .”

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

Supply Chain Shaman

JANUARY 28, 2015

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

GlobalTranz

FEBRUARY 16, 2016

An excellent Warehouse Management System (WMS) can help reduce costs by automating cycle counting, and maintaining location control. Create a consortium of buyers (a client and several of their suppliers) to buy needed logistics supplies (i.e. transportation fuel) at a reduced cost that comes with buying in greater quantities.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Talking Logistics

FEBRUARY 24, 2015

For example, a 3PL can combine the freight of 30, 40 or 50 clients to give shippers far more buying power than they would command “going it alone” in these trying times. Commitment to continuous improvement, not just short-term savings: Transportation optimization is more than moving freight for the lowest cost. Excellence ?

Transportation Management 100

Transportation Management Optimal Sourcing Logistics Network Optimization Software Sourcing Strategies 100

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. How easy is it to buy from your company? Bio-engineering?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Advanced analytics can foresee such supply shortages by analyzing patterns, trends, and external factors, allowing the company to source alternative suppliers or adjust production schedules in advance. Cultivate a Culture of Improvement Embrace a culture of continuous improvement.

Prescriptive Analytics Software 52

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

Supply Chain Shaman

JUNE 29, 2016

The network senses, translates, and orchestrates market changes (buy and sell-side markets) bi-directionally with near-real time data to align sell, deliver, make and sourcing organizations outside-in. Thoma Bravo purchased Elemica in June 2016. This is a missionary buying market where taxonomies and technologies are not clear.

Supply Chain Network Software 154

Supply Chain Network Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 154

Jaggaer

MARCH 23, 2020

And even if you got that far, you would also need to understand the underlying data and how to extract the subsets you needed from the data source. Gartner also comes with a prediction: “By 2021, augmented analytics will be a dominant driver of new purchases of A&BI and DSML platforms, and of embedded analytics.”

Procurement Analytics 78

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 78

SCMDOJO

MAY 6, 2022

Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). To improve the overall efficiency, supply chain management and brands are automating key business processes using no-code platforms. However, Finance is now Fintech and Marketing is now Digital Marketing.

Supply Chain Design Software 109

Supply Chain Design Software Demand Planning Software Supply Chain Network Software Inventory Management Software 109

NC State SCRC

MAY 4, 2022

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Whatever you want to call it, Price Analysis is an activity that is well worth conducting.

Purchasing Skills 59

Purchasing Skills Analysis Optimal Sourcing Procurement Solutions 59

Alloy

MAY 16, 2022

And if it is fulfilled, it might not arrive in time, resulting in costly buy-backs once the holiday has passed. Alloy Planning serves as the single source for all relevant planning inputs to build transparency, confidence and trust across teams to align on the best possible demand and inventory plans.

Alloy 52

Alloy Supply Chain Planning Software Forecasting Software Inventory Reduction 52

Supply Chain Shaman

FEBRUARY 16, 2016

Historically, supply chain processes were functional focused on make, source and deliver. Many of my clients save 5-10% of funds from their continuous improvement projects and self-fund their efforts. Digital sourcing? Digital path to purchase? Cross-Functional and Horizontal. The next step is education.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Software Supply and Demand Supply Chain Design 150

Precoro

MARCH 30, 2022

A procurement strategy defines how purchasing decisions are made. Strategic procurement allows obtaining well-structured and relevant data, which is indispensable for prioritizing purchases and balancing the quality and price of goods or services. Global Sourcing. Green Purchasing.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

ivalua

DECEMBER 6, 2022

Maverick buying . Fit for Purpose’ buying channels with guided buying . The way how these needs are managed are defined as buying channels. Buying channels take into account different product characteristics (e.g. Buying channels take into account different product characteristics (e.g.

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

Logistics Viewpoints

APRIL 25, 2024

Not only will this help optimize operations, but it will allow for performance to be benchmarked across sites, helping drive continuous improvement and the sharing of best practices. Create a facilities “Center of Excellence.” Digitize the periphery of the yard. The returns on these kinds of efforts will be swift and tangible.

Expense Reduction 217

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 217

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The translation of independent demand into cycle stock reduction in production planning and material buying in demand-driven MRP.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

AUGUST 3, 2016

Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling. The greatest value happens when companies can link across source, make and deliver. This requires continue education. Buying From the Same Vendor Improves Integration.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 150

Arena Solutions

OCTOBER 12, 2023

Internal audits expose your strengths and weaknesses Internal quality audits can be an essential component of a manufacturer’s quality strategy because they can spot possible problems, put remedial measures in place, and work toward continuous improvement. Cited Sources [link].

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

ShipBob

AUGUST 5, 2020

Source your products. Before you build an online store, you need to source your products. There are several avenues you can take to source products from working with local stores or suppliers to wholesale distributor options. Last year, Shopify reported 218 million buyers in total made a purchase on a Shopify store.

Purchasing Skills 99

Purchasing Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 99

Supply Chain View from the Field

OCTOBER 4, 2015

Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. For example, do we have the information on when we are buying energy – during peak hours or not?

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

Supply Chain Shaman

MARCH 15, 2016

However, visibility of channel relationships–customer orders and consumption/purchase–in the demand network, or the use and consumption of materials in the extended supplier network, is an ongoing issue. The processes are largely batch, using data with great latency (orders and purchase orders). The solution failed.

Supply Chain Software 150

Supply Chain Software Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 150

GlobalTranz

MAY 13, 2015

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. ” The Key’s To Walmart’s Supply Chain Management Excellence over the Year. Walmart uses its mammoth purchasing power to shape suppliers’ behavior which also drives down costs, Gartner said.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

GlobalTranz

FEBRUARY 2, 2015

No Purchase Orders were used. Cutting the Right Costs with Technology by Sourcing Innovation. VMI is an excellent option for many dealers and distributors as it has the ability to increase inventory turns, reduce customer returns, reduce administrative costs and reduce lost sales. We only paid for fasteners as we used them.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Oracle SCM

JULY 12, 2017

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. Businesses can keep the momentum by ensuring continuous improvement through systemic measurement, audit, and knowledge management. All of these changes in the marketplace meant that supply chains had been disrupted forever.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. A further 41% said they buy multiple versions of the same item with the intent of returning some of them. Eileen Fisher Renew is an excellent example of the reverse logistics process in action.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98