BlueYonder

OCTOBER 4, 2022

Following on the heels of COVID-19, port closures, labor shortages and geopolitical conflict, climate change-related events are emerging as a significant source of supply chain disruption. The post Climate Change: Yet Another Source of Global Supply Chain Risk and Disruption appeared first on Supply Chain Nation.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 80

Precoro

NOVEMBER 7, 2022

Of course not! In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. What is Direct Procurement? Thus, these materials would be categorized under direct procurement.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 27, 2021

Over the course of the five months, we iterated on the model over seven sessions. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade.

Supply Chain Planning Software 341

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 341

Logistics Viewpoints

FEBRUARY 26, 2024

Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Of course it would! If they were dependent, did they have East Coast distribution centers where they could preplace inventory before the strike occurred. Dr. Runkle averred.

Supply Chain Planning Software 250

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 250

EC Sourcing Group

NOVEMBER 17, 2020

When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your needs at your side so that everyone—you, vendors, and suppliers, are getting their needs met within the supply chain. Procure-to-pay operations. Thus, you’ll see a lot of: eSourcing tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Evaluate Inventory. Evaluate inventory health weekly.

Supply Chain Planning Software 446

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 446

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. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

Agile and Lean Supply Chain 120

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

USC Consulting Group

JANUARY 16, 2019

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions. Procurement professionals are no different – and for good reason.

Optimal Sourcing 49

Optimal Sourcing Negotiating Skills Sourcing Strategies Material Savings 49

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. During the year, I go to a lot of conferences. In fact, the teams ignore the forecast.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

BlueYonder

MARCH 11, 2024

The one common thread here has, of course, been automation. Successful end-to-end retail integration hinges on leveling up inventory, ordering, commits, and omni-channel fulfillment with artificial intelligence (AI)-infused capabilities that effectively unlock “real-time supply chain” responsiveness to demand patterns.

Supply Chain Planning Software 77

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Retail 77

Logistics Viewpoints

JUNE 20, 2022

Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.

Agile and Lean Supply Chain 213

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 213

Logistics Viewpoints

AUGUST 22, 2023

That’s when you can course correct in any number of ways that make your business more efficient and your customers happier. It was precisely the industry’s inability to make real-time decisions (based on real-time data) that was at the root of depleted store shelves, clogged ports and warehouses overflowing with excess inventory.

Real-time Visibility 187

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 187

Supply Chain Matters

SEPTEMBER 21, 2022

Our featured guest is Graham Scott, Vice President of Global Procurement for global based manufacturing services provider Jabil. over the course of his career. His responsibilities are leadership of Jabil’s global commodity management, quoting, supplier relationship management efforts.

Manufacturing Procurement 109

Manufacturing Procurement Supply Chain Network Software Agile and Lean Supply Chain Supply Chain Strategy 109

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. There are a number of free sources to do this like 123test.

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

Precoro

JULY 16, 2023

In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases. Inventory Management Efficiency This is an evaluation of how efficiently the purchasing team maintains the right level of inventory.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Procurement Academy

OCTOBER 25, 2021

That’s good, of course. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

BlueYonder

JUNE 16, 2022

As many countries around the world enforce economic sanctions against Russia, global logistics networks are struggling to isolate Russian products while still ensuring inventory availability. But, as the conflict approaches the four-month mark, the impacts are spreading and intensifying.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 52

ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . The default destiny, for those that maintain their current course, is supply disruption and the results that accompany it. .

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

Sourcing Strategies 106

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 106

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Access the full course here! It is the era of digitalization.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 73

Requis

OCTOBER 30, 2020

I think what’s happened particularly in the last ten years is that the focus on cost reduction and being competitive has really driven that need for rationalization in the supply chain, and of course for the globalization that we’ve seen. This year, of course, everyone knows what supply chain is about.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Logility

APRIL 21, 2020

In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. In large part due to computer processing power, new advances in forecasting and the abundance of new data sources have helped to increase forecast reliability. Price optimization.

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

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

SCMDOJO

NOVEMBER 8, 2022

3) CIPS – Chartered Institute of Procurement and Supply | 16.3k CIPS (Chartered Institute of Procurement and Supply) is a global organisation designed to deliver a positive impact across the supply chain industry with world-class education and training. Procurement Jobs in Future. Procurement Jobs in Future.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 121

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. To change course, learn from history, to unlearn to rethink outcomes. What did we find? For most, this requires a supply chain redesign.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Inventory management. These include: Forecasting. Return management.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

QAD

OCTOBER 26, 2023

Computer chips were recently in short supply and the shortage list has included children’s pain relievers, EV components, eggs and, of course, toilet paper at times. Of course, this level of supply chain maturity is not something that happens overnight and many companies need to consider a global trade management solution.

Supply Chain Disruption 91

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 91

SCMDOJO

MARCH 25, 2024

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Courses aim to provide students with theoretical knowledge and practical skills, preparing them for real-world challenges.

Negotiating Skills 89

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 89

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. The goal of this process is to reduce inventory, increase transaction speed and improve work flow with profit in mind.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Matters

JULY 19, 2023

Generally muted global product demand levels and inventory overhang have not helped to spur growth of the country’s manufacturing sector. The most recent and perhaps meaningful evidence was reflected in a report that both Hewlett Packard and Dell have undertaken China Plus sourcing actions.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Precoro

APRIL 18, 2023

In order to plan inventory and estimate cash flow, companies should know when to expect shipments to arrive, when to pre-order the next one, and how to budget the payments. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

Freightos

NOVEMBER 11, 2021

But more blatantly than ever, container liners – and especially Maersk – are on a collision course with the tech companies that provide digital infrastructure for selling goods. For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories. Amazon as a carrier.

Price Reduction 178

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 178

Supply Chain Shaman

JUNE 5, 2013

Comprehensive view of source, make and deliver. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Focus is on make, source and deliver together. Focus on the level of inventory. Procurement. Supply Chain Design.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 223

Logistics Bureau

APRIL 3, 2023

But, of course, what those circumstances are is for you to decide. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs. Without further ado, then, let’s move on so I can fulfil the promise above.

Optimal Sourcing 74

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 74

Proxima

AUGUST 21, 2020

The result is increasing swings in inventory, known in logistic circles as the “bullwhip effect.” But of course, these challenges have created opportunities too. Data is king, and the past few months have proved, the faster you can access your data, the faster you can respond (infrastructure allowing, of course).

Supply and Demand 98

Supply and Demand Modeling Demand Planning Software Sourcing Strategies 98