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. This increases employee morale.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Logistics Viewpoints

MAY 26, 2022

The percentage of purchases made and fulfilled through digital commerce has exploded in the past two years, advancing a pre-pandemic trend by as much as 10 years according to some industry watchers. The accelerated shift of buying behavior in both B2C and B2B markets also is playing a huge role in redefining our landscape.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Modeling 263

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

There are pieces of the process that fit perfectly together, working together to connect a pathway not only to a final result, but to a sustainable, successful process that allows organizations the ability to operate as a perfectly built masterpiece. The vision of the process begins to be built on the reality with sustainable firmness to it.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. In conclusion, implementing these five inventory optimization strategies can help businesses improve efficiency, reduce costs, and enhance customer satisfaction.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

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

crisp

SEPTEMBER 6, 2023

The article demystifies the complexities of scope 3 emissions reporting, offering key tips to stay ahead of regulatory changes and satisfy stakeholder demands. Until recently, reporting scope 3 emissions – which include indirect sources that organizations contribute to – has been optional. In 2010, the U.S. What are scope 3 emissions?

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

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

Synovos

AUGUST 21, 2023

The program recognizes the winners’ commitment to continuous improvement in the prevention of accidents at work while examining health and safety management systems, including practices such as leadership and workforce involvement. “RS Together, the two form the world’s first MRO supply chain services company with true global reach.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Optimal Sourcing Procurement Solutions 52

Veridian Solutions

AUGUST 21, 2018

percent of retail chains offer in-store returns of merchandise purchased online. Demand for E-Commerce and Integration of Supply Chains Will Continue to Dominate 2018 As explained by Derek O’Carroll of Multichannel Merchant , some driving forces behind the demand for omnichannel supply chains include: The creation of social storefronts.

Price Reduction 45

Price Reduction Cost Reduction Strategies Inventory Reduction Omnichannel 45

Unleashed

JANUARY 24, 2022

For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low. MRO inventory can account for a sizeable portion of a business’ total procurement spend. Why is MRO inventory management important?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Unleashed

FEBRUARY 12, 2024

With a simple calculation, you can understand what it costs to store and maintain goods. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. Capital costs Capital costs represent the opportunity cost of the funds tied up in inventory.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Unleashed

FEBRUARY 21, 2024

If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. A system should be set up for tracking key returns metrics, such as the rate of return, refund rate, exchange rate, and time per return.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Enterra Insights

OCTOBER 14, 2022

Jon Chorley ( @chorley_jon ), Oracle’s Chief Sustainability Officer, insists, “Most U.S. consumers — and businesses wanting to sell to those consumers — want to ensure that goods and services are sourced ethically and sustainably. ” Analytics Insight, 27 August 2022. [7] its supply chain) before buying from it.”

Purchasing Skills 130

Purchasing Skills Florida Procurement Solutions Procurement Analytics 130

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

EcoVadis

FEBRUARY 3, 2016

This trend is likely to continue as the current linear economic system is challenged by growing resource scarcity. Just a week ago, the WEF summit in Davos brought a spotlight on the circular economy, announcing with the Ellen Macarthur Foundation a new report rethinking the circular future of plastics ).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 40

Oracle SCM

JULY 12, 2017

As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supply chain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

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

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Supporting Sustainable Practices Accurate demand forecasting contributes to more sustainable business practices by minimizing waste.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

GlobalTranz

APRIL 20, 2018

In the decades that have followed, the emphasis on adopting eco-friendly practices, implementing sustainability measures, and protecting the environment has continued to grow, gaining traction across diverse industries , sectors, and settings — including the manufacturing world. download white paper.

Manufacturing Procurement 195

Manufacturing Procurement Sustainability Waste Reduction Material Savings 195

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. Value of goods : Repurposing returned goods helps manufacturers increase the value of goods or the sustainability of the supply chain – or both. What steps make up the reverse logistics process?

Reverse Logistics 98

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

Unleashed

APRIL 6, 2022

The results of this analysis are represented on a value stream map, which allows the steps to be visualised and means the entire process can be easily shown in reports and other visual mediums. Shitsuke / sustain: Finally, the sustain step is to ensure the 5S system is continued and maintained as it is designed to be.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

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 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Procurement Academy

FEBRUARY 6, 2024

Environmental, social, and governance (ESG) considerations have become a vital component for modern businesses, with increasing scrutiny on companies to achieve goals related to sustainability and ethical business practices. A notable company famed for its commitment to sustainable procurement is the Swedish furniture conglomerate Ikea.

Waste Reduction 59

Waste Reduction Sourcing Strategies Supply Chain Strategy Optimal Sourcing 59

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

Talking Logistics

JUNE 22, 2015

Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) jointly proposed standards for medium- and heavy-duty vehicles that would improve fuel efficiency and cut carbon emissions. billion barrels over the lifetime of the vehicles sold under the program.

Vendor Strategies 100

Vendor Strategies Cost Reduction Strategies Price Reduction Procurement Analytics 100

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

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. An effective measurement and reporting process can improve performance and provide warehouse cost savings.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

USC Consulting Group

JUNE 25, 2019

Here, maintenance experts — ideally those intimately familiar with OEM requirements , Plant Engineering reported — design granular equipment management processes, including rotating and reciprocating mechanical component lubrication. Choosing an end goal establishes the foundation for effective program development.

Cost Reduction Strategies 63

Cost Reduction Strategies Purchasing Skills Supply Chain Design Software Optimization Software 63

DiManEx

SEPTEMBER 9, 2020

Job title: Supply Chain Business Developer Reporting to: COO Level: Senior Location: EU Contract hours: Fulltime DiManEx solves global supply chain challenges Our Story We address global supply chain challenges of international companies by using various digitization services and high-quality 3D printing!

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 52

QAD

AUGUST 4, 2021

Amazon, a B2C powerhouse, has been at the head of this growing trend, making it easier and easier for consumers to purchase and receive daily items right from their home. QAD and Quistem developed a five step action plan which includes 24 essential supply chain processes for building sustainable supply chain performance. .

Resource Reduction 98

Resource Reduction Material Savings Sourcing Strategies Supply Chain Strategy 98

SupplyShift

APRIL 27, 2021

Using tools like the new YESS (Yarn Ethically and Sustainably Sourced) Initiative, brands can empower yarn spinners to implement effective due diligence systems when it comes to their own yarn sourcing. . On Challenges of Reporting and Monitoring. Technology Prioritizes Remote Vs. Kate Larsen of SupplyESChange responds below. .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Modeling Software 52

Supply Chain Management and Analytics

JULY 9, 2020

When the pandemic erupted, one of our top priorities as a SaaS company was to ensure that our response was rapid, uninterrupted, and most importantly sustainable in the long run. DevOps is not a goal, but a never-ending process of continuous improvement. Solvoyo has built strong DevOps since its foundation.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Analytics Software 52

EcoVadis

NOVEMBER 20, 2015

Sustainability. Many business owners worry it will be an ‘extra effort’, and that it will drive up business costs to engage in improving environmental, social and ethical practices. 2) Improved relationships with clients. Many new sustainable products have requirements for the supply chain that produces them.

Sustainability 40

Sustainability Waste Reduction Resource Reduction Cost Reduction Strategies 40

ThroughPut

NOVEMBER 12, 2020

However the current situation shows certain weaknesses in warehousing practices being followed: Lack of a strong technology focus for efficiency and quality improvement Absence of valid methodologies to identify the root causes of bad performance in a structured approach. Lean warehousing. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52