ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ? Let’s rethink everything to figure out what it might be for the future of procurement in light of it all.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

Talking Logistics

APRIL 29, 2015

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans?

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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 Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Logistics Viewpoints

OCTOBER 12, 2023

The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. Sourcing is not only from traditional farms but also from controlled environment agriculture (e.g.,

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment? Reducing overall freight costs.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

Supply Chain Shaman

SEPTEMBER 22, 2022

Using better math to build an inventory plan for raw materials is a good idea. Planning taxonomies change to enable the trade-offs between source, make and deliver based on market signals and the design of supply chain flows to enable this shift. Procurement/Buyers Workbench. As a result, DDMRP is a fad.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” Multi-tier inventory management by itself was not sufficient.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Precoro

NOVEMBER 7, 2022

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. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Email Address.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

ToolsGroup

JULY 6, 2023

IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Supply Chain Matters

JANUARY 19, 2024

Shipping Executives Anticipate Longer Disruption According to a published report from Bloomberg this week , the CEO’s of two global transport carriers indicated that the Red Sea threat is likely to disrupt shipping for weeks or months longer. retailers are already experiencing notifications of extended arrival times of ordered inventory.

Shipping 52

Shipping Transportation Supply Chain Planning Software Scenario Planning 52

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 81

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 81

DELMIA Quintiq

SEPTEMBER 16, 2021

It typically provides a crucial planning function: fine-tuning supply and demand data and forecasts to deliver accurate and timely production plans, throughout the entire production supply chain, that help manufacturers achieve their production objectives and minimize procurement costs [1]. DELMIA Quintiq Master Production Scheduling (MPS).

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Logistics Viewpoints

AUGUST 22, 2023

Nine years ago, my company FourKites pioneered the market for real-time transportation visibility. We’re currently on the cusp of a big incremental change in the industry’s transformation journey, as the value of real-time supply chain data is increasingly being felt far beyond transportation logistics. Lesson learned.

Real-time Visibility 185

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 185

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 278

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

APRIL 26, 2022

Since I have covered bi-directional orchestration in prior blogs, here I am going to detail how taxonomies in the area of digital twin and direct procurement need to morph to drive value but for reference, in Figure 1, I share the previously shared model for bi-directional orchestration. Tackling Procurement. They are different models.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

ToolsGroup

SEPTEMBER 20, 2022

ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to outsmart supply chain uncertainty and deliver inventory performance from source to customer doorstep to maximize revenue and profitability. About Supply & Demand Chain Executive.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 156

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

NC State SCRC

DECEMBER 28, 2021

Procurement and supply chain executives are on the “same team” – and in general, a recent study conducted by the SCRC and GEP suggests that there is strong alignment between the two functions when it comes to prioritizing lower risks and reducing uncertainty in supply chains.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Price Reduction 52

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

SCMDOJO

JANUARY 17, 2024

They can also be in charge of mapping out logistics for transporting the supply and fulfilling orders. A logistics resource planner coordinates workers and transport fleets to fulfill customers’ orders. They are in charge of purchasing, procurement, and sourcing. Planners do exactly that.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Figure 2: A technology adoption roadmap for transportation and logistics companies considering generative AI.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logistics Viewpoints

FEBRUARY 26, 2024

Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. If they were dependent, did they have East Coast distribution centers where they could preplace inventory before the strike occurred. Do you have a contingency plan for transportation emergencies?

Supply Chain Planning Software 249

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 249

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195