EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? . Risk management.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 81

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 81

ShipBob

SEPTEMBER 25, 2023

Note: This article is solely for informational purposes and does not constitute legal advice. The rest of this article provides general information on shipping CBD products. For example, Canadian CBD sellers must abide by the country’s Cannabis Act and its regulations. Products exclude vapes. Products contain <0.3%

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. The cards hold all the information that the upstream partner needs to fulfil the order for their downstream partner.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

Logility

MARCH 21, 2024

Leveraging AI for Faster, Strategic Decision Making There is a lot of information out there around generative AI, and it’s difficult to separate fact from fiction. It can learn faster than humans and is trained to process and analyze huge amounts of information based on training data, algorithms, and statistical models.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Enterra Insights

JANUARY 27, 2020

Information technology (IT) is an umbrella term covering a variety of technologies. Bill Gates ( @BillGates ) once stated, “Information technology and business are becoming inextricably interwoven. In this article, I’m equating “information” with “data.” ” IT predictions.

Predictive Analytics Software 100

Predictive Analytics Software Modeling Software Supply Chain Network Software Demand Planning Software 100

ToolsGroup

APRIL 20, 2022

But an employee’s departure is still an important opportunity to collect information that could be advantageous later on. Source: Fortune. #3: Source: Fortune. Encourage employees to take PTO, and lead by example. If You Have to Say Farewell: You win some…you lose some. Conduct an exit interview. Take a breather.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

Supply Chain Game Changer

DECEMBER 9, 2020

The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. For example, you might have a POS subscription through one app and an accounting subscription through another. Subscribe Here! Email Address.

Inventory Management Software 98

Inventory Management Software Inventory Management Optimal Sourcing Inventory Reduction 98

Unleashed

NOVEMBER 2, 2023

It may contain key information about the items being produced and the manufacturing process itself, including any raw materials, labour, and equipment – along with the scheduled dates for executing each stage of the production process. Make sure your staff are informed of any changes made to the original schedule.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

EC Sourcing Group

JULY 26, 2022

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Examples of Advanced Analytics.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Unleashed

JUNE 15, 2023

It’s possible to reduce Cost of Goods Sold by buying in bulk or when a discount is available, negotiating with or changing suppliers, and sourcing cheaper labour. COGS is included in the financial statement as a line item because it’s directly responsible for generating information about the business’s costs and profits.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

EC Sourcing Group

SEPTEMBER 20, 2022

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Examples of Unethical Practices in Procurement Management.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Purchasing Skills Sourcing Strategies 52

Logistics Viewpoints

AUGUST 15, 2022

The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point.

Supply Chain Network Software 219

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 219

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 231

Supply Chain Software Supply Chain Manufacturing Procurement Predictive Analytics Software 231

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

GlobalTranz

JULY 30, 2018

The days of managing supply chains through databases and changing information are over. Blockchain allows for the continuous tracking of information and improvement through data analytics. Although blockchain is often related closely to cryptocurrency, it holds great value for use in supply chain management.

Logistics Network Optimization Software 126

Logistics Network Optimization Software Examples Supply Chain Software Manufacturing Procurement 126

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

HICX Solutions

JANUARY 29, 2020

There’s no doubt that good management of supplier information can result in increased productivity and improved profitability. The discussion around the effect of reduced supply chain costs on profits and where money can be saved due to supplier information management (SIM) is, therefore, naturally a hot topic.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Optimal Sourcing 52

Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Baltimore 251

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 251

Supply Chain Matters

APRIL 18, 2022

In a previously published Supply Chain Matters posting, we called reader attention to a perhaps different senior supply chain leadership model, which being liquor distiller Brown Forman’s new model that is led by a Chief Global Supply Chain and Technology Officer CSCTO) , with IT and global information security reporting to this senior executive.

Modeling 52

Modeling Apparel Modeling Software Supply Chain Planning Software 52

Pivot88

NOVEMBER 2, 2020

According to McKinsey’s 2019 chief purchasing officer (CPO) survey, sustainable sourcing at scale is the fashion industry’s new must-have. Where do they source their products? Digitizing a supply chain allows to trace back all the information related to a certain supplier or a certain product, from raw materials to consumer delivery.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Sourcing Sustainability 52

Logistics Viewpoints

MARCH 27, 2024

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

Analytics Software 215

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 215

Logistics Viewpoints

NOVEMBER 8, 2023

This information can be used to make decisions on modes of transportation. FourKites Sustainability Dashboard also enables companies to identify the highest source of freight-related emissions across the supply chain.

Benchmarking 218

Benchmarking Sustainability Optimal Sourcing Sourcing Strategies 218

EC Sourcing Group

AUGUST 16, 2022

Unethical Sourcing Practices in Procurement and How to Avoid Them. For example, employees at Smith & Wesson entered into a series of unethical practices with foreign countries between 2007 and 2010. Every company wants to save money, but the right sourcing software can help you manage spend and save money the right way.

Sourcing 40

Sourcing Procurement Negotiate Pricing How To 40

Jaggaer

MARCH 30, 2020

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. One example was a labeling project at Kraft.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

Pivot88

NOVEMBER 2, 2020

According to McKinsey’s 2019 chief purchasing officer (CPO) survey , sustainable sourcing at scale is the fashion industry’s new must-have. Where do they source their products? Only by collecting data at all the different steps, can true transparency be unlocked: Who are my suppliers and my suppliers’ suppliers?

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Sourcing Sustainability 52

ivalua

JULY 12, 2021

The challenge is how can organizations understand all the different certifications and access all the different information repositories for these diverse suppliers effectively and efficiently. Just in the limited discussion above, we noted NMSDC, CAMSC, and Supply Nation as sources of data and certifications, and there are many more.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Australia 246

Logistics Viewpoints

OCTOBER 10, 2022

Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. They wanted these diverse sources of information pulled together in one central, user-friendly location they call their “garage.”

Supply Chain Risk Management 225

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 225

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. These exchanges should be created using similar concepts as the Health Information Exchanges.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

SupplyShift

NOVEMBER 29, 2021

In this blog we outline some ideas on how organizations can utilize supplier sustainability information beyond annual reports to the advantage of their business. The fashion industry is an excellent example of this. For example, Ford Motor Company has long been labeled one of America’s most iconic employers – and polluters.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

SupplyShift

NOVEMBER 29, 2021

In this blog we outline some ideas on how organizations can utilize supplier sustainability information beyond annual reports to the advantage of their business. The fashion industry is an excellent example of this. Three Actionable Ways to Leverage Supplier Sustainability Information. The Sustainability Reporting Problem.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources.

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

Logistics Viewpoints

MAY 3, 2021

These solutions support information exchanges with a community of trading partners. There is much better access to all sorts of information that can be used to improve supply chain processes then there was even a few years ago. The information exchange is supported by data centers that the company owns and runs.

Agile and Lean Supply Chain 211

Agile and Lean Supply Chain Supply Chain Software Supply Chain Supply Chain Network Software 211

ToolsGroup

JUNE 10, 2022

Here’s a look at six customer experience examples to help you maximize long-term customer loyalty. 6 Examples of Excellent Customer Experiences. Image source: National Retail Association. Image source: Twitter. Image source: Ikea. However, simply having a loyalty program is not enough.

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295

Provenance

JUNE 1, 2020

For example, Eleanor shared that “palm oil represents 35% of the world’s oil, on 10% of the world’s allocated resource for crops.”. Aim to source 100% certified RSPO (Roundtable on Sustainable Palm Oil). Sourcing palm oil responsibly and sustainably is nuanced and can be complex. Get to know your supply chain.

Sourcing Strategies 69

Sourcing Strategies Optimal Sourcing Sourcing Resource Reduction 69