Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. For customers, it can mean the time it takes to receive an order after they have purchased it. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? I use a method I call managing for daily improvement or MDI. Is the team not improving as much?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Unleashed

APRIL 21, 2024

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. Technology plays a significant role in streamlining the order-to-cash processing by providing real-time data and analytics to identify areas for improvement.

Inventory Management Software 52

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

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. The questions that are most often asked are: What metrics should I use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Bureau

APRIL 4, 2022

Freight Benchmarking: How to Do it Right. In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors. Alternatively, you can procure access to a digital freight benchmarking platform. That’s the first question to ask.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Shaman

MAY 21, 2013

We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. But, the tune has changed, and they are unsure how to dance together. The focus has been on sourcing and managed costs. Please use this link: [link].

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Talking Logistics

JUNE 2, 2016

This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

GlobalTranz

DECEMBER 29, 2014

Warehouse Metrics to Track to Improve Profitability and Operations : Today’s warehouse managers often accrue massive amounts of performance data, but sometimes find they can apply little of it toward making productivity gains or customer service improvements. Use them to continuously improve your organization.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Unleashed

FEBRUARY 21, 2024

The costs of additional labour and customer support can dig into your profits, and identifying fraudulent returns is never easy. This article explores how to bring down your return rate and save time with an optimised returns management process. In this returns management guide What is returns management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

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

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

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. Ordering and purchasing the required materials from suppliers at the right time and quantity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain Shaman

FEBRUARY 16, 2016

One of my clients waits four days for a custom report. Leaders know that massive change in supply chain processes is coming but they do not know how to get started. As a result, analytics are usually based on historic data with outputs having a one- or two-day lag. How to do this in the face of severe cost-cutting pressures?

Supply Chain Design Software 150

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

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

Kinaxis

DECEMBER 3, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Why do companies focus on reducing a specific metric? Sound ridiculous?

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Unleashed

JANUARY 31, 2023

The result is high costs and unsatisfied customers. Let’s explore how to make it work for your business. Strive for continuous improvement Finally, lean logistics is not a stagnant or one-off process. You need to know precisely how often and how much to reorder. Identify waste Waste comes in many forms.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

TrackVia

AUGUST 17, 2023

Detailed Information: The inventory includes detailed information about each asset, such as make, model, serial number, purchase date, warranty details, and maintenance history. Data Integration: The inventory system is integrated with other hospital systems, such as the maintenance management system and procurement system.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

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. Here we look in detail at how and why reverse logistics is important for retailers and manufacturers, covering the questions: What is reverse logistics? 3 examples) 1.

Reverse Logistics 98

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

GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 120

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

Supply Chain Shaman

JULY 22, 2016

At almost every client that I speak to, they ask how to have “one-number forecasting.” To move the product, the company discounted the cars to stimulate purchase. Experience the difference between traditional inside-out and new outside-in processes through the use of new forms of analytics and the network of networks.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

TrackVia

AUGUST 17, 2023

Detailed Information: The inventory includes detailed information about each asset, such as make, model, serial number, purchase date, warranty details, and maintenance history. Data Integration: The inventory system is integrated with other hospital systems, such as the maintenance management system and procurement system.

Asset Management 52

Asset Management Analytics Software Predictive Analytics Software Optimization Software 52

Arena Solutions

OCTOBER 5, 2023

In this article, we dig deeper into why you should conduct internal audits and understand how to avoid compliance issues, broken processes, workforce attrition, or slow workflows. The latest analytics demonstrate that 81% of consumers say brand trust is a deciding factor when making a purchase. How are your records maintained?

Quality 52

Quality Optimal Sourcing Supply Chain Planning Software Sourcing Strategies 52

Logistics Bureau

DECEMBER 20, 2016

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. How accurate and effective is your demand planning? Procurement costs.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Unleashed

SEPTEMBER 19, 2019

For example, customer satisfaction metrics are used to drive improvements in customer experience. The objective of any meaningful KPI is to be a method of learning and delivering continuous improvement. The post How to Set Meaningful Assessments and Key Performance Indicators appeared first on Unleashed Software.

Waste Reduction 58

Waste Reduction Inventory Reduction KPI How To 58

Logility

OCTOBER 6, 2023

For the last decade supply chain leaders and CIO’s have been evaluating when and how to move their supply chain applications to the cloud. Let’s break down the trade-off between an on-premises and a cloud environment, what it means for your business, and how you can realize the optimal potential of a cloud investment.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

SCMDOJO

MARCH 7, 2023

But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supply chain management and what Transactional Process Improvement Kaizen really is. Kaizen is a Japanese term that means “continuous improvement.” It’s a mechanism used to eliminate waste in lean manufacturing principles.

Supply Chain Software 89

Supply Chain Software Waste Reduction Agile and Lean Supply Chain Supply Chain Optimization 89

6 River Systems

OCTOBER 19, 2020

With more consumers turning to e-commerce, it’s important for businesses of all sizes to bolster the supply chain to handle the e-commerce business model. According to research conducted by BigCommerce , the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

ShipBob

AUGUST 5, 2020

You’ve probably heard a lot about Shopify and how it’s one of the best platforms for ecommerce businesses of all sizes. And how easy is it to get started? In this guide, you’ll learn how Shopify works, how to start selling on Shopify, and how to grow your online business. Set up Google Analytics.

Purchasing Skills 99

Purchasing Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 99