NC State SCRC

MAY 7, 2020

We have started to put together ideas on what a national governance framework would look like, which would begin by establishing a standing governance model for national disasters. While we may not experience another disaster as severe as this pandemic, we need to assume the worst case in planning a governance model. First case?

Government 52

Government Pharmaceutical Supply Chain Planning Software Supply Chain Planning 52

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Logistics Viewpoints

AUGUST 15, 2022

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. Both procurement solutions from ERP companies like Oracle or Infor – or business spend management solutions – can help companies enforce these sourcing supplier decisions.

Supply Chain Network Software 221

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 221

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. For some customers, they manage the inventory using a vendor managed inventory program. But even multi-sourcing is not enough.

Supply Chain Transformation 197

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 197

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. 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. Little clarity.

Supply Chain Planning Software 224

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 224

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. Resiliency. Risk management. Digital transformation of procurement.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Supply Chain Shaman

SEPTEMBER 9, 2014

Here we share the answers to the questions that we get the most often about this research: What is the source of data? Which companies were considered in the study? The NAICS designation was developed by the US Federal Government to characterize groups of companies within an industry. It is a hot spot of misunderstanding.

Pharmaceutical 275

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 275

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

TMC

NOVEMBER 18, 2015

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software 67

QAD

AUGUST 12, 2021

Let’s cover just three areas where ERP drives greater sustainability: Responsible Sourcing – Manufacturing ERP systems support efforts to identify responsible, sustainable sources of materials. In other examples, you’ll find ERP provides the necessary insights and metrics, like OEE , to enhance production execution.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Procurement Academy

OCTOBER 25, 2021

Organizations used to talk about their sustainability aspirations but now these aspirations have broadened to embrace social responsibility and governance. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. On what measure?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

The Logistics & Supply Chain Management Society

MAY 28, 2022

With uncertainty a guarantee in the year ahead, leaders are realising the need to adopt applications that will improve visibility into demand and inventory, as well as tools that can help them model and simulate “what if?” Risk planning and technology utilisation. Scope 3 emissions must be an immediate top priority.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Taulia

AUGUST 29, 2023

Source suppliers strategically Supply chains are ultimately made up of suppliers. So, choosing the right suppliers – a process known as strategic sourcing – is vital when it comes to establishing a strong and efficient supply chain that ensures business objectives are met.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

OptiProERP

NOVEMBER 14, 2023

Governments, consumers, and stakeholders increasingly prioritize sustainable practices, urging manufacturers to reevaluate their operations. This involves optimizing processes to reduce overproduction, wait times, unnecessary transportation, and excess inventory , which not only conserves resources but also saves money.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

FEBRUARY 22, 2015

After spending five tedious years on the SCOR council executive board, I know that the governance model limited the SCOR council. I responded, by saying that I believe that the SCOR model and the Gartner Hierarchy of Metrics reward functional behavior and improve functional outcomes. It is cash. Let me explain.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Supply Chain Shaman

MAY 7, 2015

Companies that have cross-functional alignment and clear governance models can make progress faster. When source, make and deliver report to the same organization, progress is quicker. I advocate a portfolio of growth, EBITDA or operating margin, inventory turns, on-time and in-full shipments, and Return on Invested Capital (ROIC).

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 150

SCMDOJO

APRIL 9, 2024

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. AI-powered systems will enable precise predictions, route optimization, inventory management, tracking, and communication.

Supply Chain Design Software 79

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 79

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Supply Chain Game Changer

MAY 27, 2020

would prove more reliable in the cases where foreign governments are uncooperative in times of crisis. Decades of government investments in hard assets such as land, buildings, and technology, will certainly drive decision-making to keep their labor costs as low as necessary. Risk monitoring and governance. Supplier Management.

Price Reduction 132

Price Reduction Cost Reduction Strategies Purchasing Skills Material Savings 132

BlueYonder

JANUARY 24, 2023

Can we get the supplies from an alternate source? Do we need to carry excess inventory? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we expedite?

Automotive 66

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 66

Arena Solutions

FEBRUARY 27, 2024

2 Laying the foundation for sustainability success Companies can benefit from these four broad circular economic action items as part of their environmental, social, and governance (ESG) strategy and efforts. Integrate this agenda with other plans (like an industrial or digital strategy) and track progress using metrics.

Material Savings 52

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 52

NC State SCRC

FEBRUARY 12, 2017

The linkages between the enterprise and local teams are very tight, to ensure that functionally unique applications are inventoried centrally so all parties can leverage these tools. There are two IT support teams: one creates business process informatics centrally, and the other delivers locally required capabilities.

Analytics Software 40

Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Design Software 40

Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

Unleashed

MARCH 28, 2021

SRM and online inventory management enable businesses to track suppliers and gather vital data to easily verify supplier information, identify potential supplier risks, and track performance. Sourcing new suppliers, trialling products, and negotiating contracts can be costly and time-consuming. This is part of your sourcing roadmap.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Arena Solutions

MAY 2, 2023

2 Laying the foundation for sustainability success Companies can benefit from these four broad circular economic action items as part of their environmental, social, and governance (ESG) strategy and efforts. Integrate this agenda with other plans (like an industrial or digital strategy) and track progress using metrics.

Material Savings 78

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 78

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. A value network governed and defined by customer segmentation and a clear understanding of what drives value for the customer.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

Resilinc

MARCH 30, 2021

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. The chart below shows five of the top sources of ROI from an SCRM, including event-related savings and ongoing sources of value.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Enterra Insights

SEPTEMBER 28, 2020

He explains, “Big data essentially has three sources: social data, machine data and transactional data. Unfortunately, these sources are limited in providing any meaningful insight into the $760-billion consumer packaged goods market. With AI/ML relying on data, cleaning tools and governance must be in place.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

ToolsGroup

MARCH 5, 2019

And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. Not knowing how much inventory is at each location. Supply chain planning in emerging markets is different. Here’s what we found: 1.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 159

DynaSys

JANUARY 20, 2021

Have plans to maintain your physical resources – property, plant, equipment and inventory stocks – as your human and financial resources. Ensure sufficient material and inventory stocks Plant and equipment integrity. How much ready inventory should you keep on hand to prepare for an upswing in made-to-stock orders?

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Optimization 97

Turvo

SEPTEMBER 16, 2021

Another study by the EPA, titled Fast Facts on Transportation Greenhouse Gas Emissions , noted that “according to the Inventory of U.S. Greenhouse Gas Emissions and Sinks 1990–2018 (the national inventory that the U.S. Turvo helps everyone on the network improve critical supply chain metrics through carrier analytics.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Analytics Software Supply Chain Network Software 70

SCMDOJO

MAY 10, 2023

When integrating an ERP system, companies often find themselves grappling with the task of harmonizing their inventory, supplier, product, and customer databases. Data Accuracy measures data quality with consideration to key metrics like its accuracy, totality, and reliability.

Optimal Sourcing 123

Optimal Sourcing Government Quality Supply Chain Design Software 123