Logistics Viewpoints

SEPTEMBER 7, 2022

Ever since COVID hit, supply chain executives have embraced supply chain risk management. Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. How can you manage a supply chain when you’re completely blind?”. Supply Chain Chaos is the New Norm.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

Supply Chain Shaman

FEBRUARY 18, 2021

While prior risk management disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. The status quo failed corporations. Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Logistics Viewpoints

MARCH 2, 2023

That’s shorthand for a supposed future state when pandemics, natural disasters, political conflicts – pick your disruption du jour – have receded into the background and our supply chains can once again operate in a relatively stable environment. Normalcy is no more.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. That was fun, right? Discover the Top 10 TikTokers reshaping how you view supply chains.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important?

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Enterra Insights

OCTOBER 26, 2023

Jeremy Kay , Managing Director and Partner at the Boston Consulting Group, insists many organizations “struggle to get a handle on how resilient they need to be.” ”[2] He adds, “Businesses must develop strategies that focus on risk management, agility, and flexibility. .”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Gartner 130

ivalua

FEBRUARY 24, 2021

However, could this interruption by your supplier be turned into an automation opportunity. Recent data from the Hackett Group reveals that AP teams that provide self-service capabilities to suppliers can achieve Superhero status by reducing inquiries by 49% and saving 50% on master data management costs. Pay on time.

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

Synovos

FEBRUARY 21, 2023

Your supply chain plays a critical role in this process. If your suppliers fail to uphold the ethical and sustainable standards that your business aspires to then your organization will fail to achieve its targets too. Your suppliers need to show their commitment to ESG. Find out why.

Waste Reduction 52

Waste Reduction Material Savings Vendor Strategies Expense Reduction 52

RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. Therefore, a strategic approach to managing these costs is not just beneficial but essential for maintaining a competitive edge and financial health.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

Logistics Viewpoints

APRIL 7, 2022

Ensure the rules and assumptions that guide your supply chain decisions are up to date: One of the major assumptions supply chain planners make is about lead times between supply sourcing and receiving locations. Take the time to understand which of your routes are significantly impacted and adjust the lead time assumptions accordingly.

Supply Chain Design Software 239

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 239

GlobalTranz

APRIL 5, 2017

With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. In addition, you need a vendor compliance program within the guide to stop vendors and suppliers from violating your wishes.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Shaman

NOVEMBER 11, 2020

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. Reflection.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

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. Managing and optimizing a supplier’s performance is as essential as it is difficult. How is it possible?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management. Catastrophic health and safety fails.

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

Logility

OCTOBER 27, 2021

Sustainability is good for the environment, workers, and your bottom line. Ideally, every supplier in the supply chain needs to be committed to sustainability, and there are several strategies you can use to boost commitment and compliance. Make it well known that your business only wants to work with sustainable partners.

Apparel 130

Apparel Sustainability Supply Chain Strategy Supply Chain Software 130

Supply Chain Shaman

FEBRUARY 14, 2022

The process designed to help companies manage constraints outside of lead time took on a life of its own. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

EC Sourcing Group

APRIL 6, 2023

However, many of these same organizations fail to consider the impact that unconscious bias can have on their procurement process. Unconscious bias refers to the attitudes or stereotypes that affect our decisions and actions without us even realizing it. Various types of unconscious bias can occur within procurement.

Vendor Strategies 52

Vendor Strategies Analytics Software Optimal Sourcing How To 52

HICX Solutions

MAY 12, 2023

On September 21 & 22, over 5,000 people from numerous leading global corporations came together for DPW Amsterdam 2022 to share their experiences about a wide range of topics in Procurement and Supply Chain. Automate the simple As Sam explains, “We need to break our procurement teams free from the day-to-day tasks that burden them.”

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Vendor Strategies Optimal Sourcing 52

Resilinc

JUNE 21, 2023

That’s why we’ve compiled a new list of six highly recommended supply chain books from our team, to help you navigate supply chain management and resiliency in 2023 and beyond. #1 Sheffi provides solutions for companies to quickly manage disruptions by creating a robust immune system to respond quickly to large-scale disruptions.

Supply Chain Software 62

Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain Supply Chain Optimization 62

ToolsGroup

SEPTEMBER 20, 2022

By leveraging powerful machine learning, supply chain planners can better account for uncertainty, manage enormous swathes of data, and execute increasingly complex planning maneuvers. That’s why companies in the manufacturing sector are shifting from reactive to data-driven maintenance strategies. Check out Machine Learning 101.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

SCMDOJO

JULY 26, 2023

Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. These films were chosen to inspire and educate both aspiring negotiators and seasoned procurement managers.

Negotiating Skills 91

Negotiating Skills Purchasing Training Buyer Training Manufacturing Procurement 91

GlobalTranz

JUNE 15, 2018

An effective warehouse management strategy is key to staying competitive and meeting consumers’ expectations in the omnichannel world. To understand this paradox, warehouse managers need to understand the pitfalls of omnichannel warehouse management and how to develop a winning strategy. Download white paper.

Omnichannel 125

Omnichannel Inventory Reduction Warehousing Resource Reduction 125

Supply Chain Game Changer

JULY 31, 2019

A while ago, we blogged about how more Startups are looking to Supply Chain Management to boost their productivity as they scale. But failure to account for these factors can be a major bottleneck to growth, and many a startup has failed because of Supply Chain issues. But trust us, if you don’t have Supply Chain experience, you can’t.

Manufacturing Procurement 72

Manufacturing Procurement Pharmaceutical Supply Chain Planning Supply Chain Strategy 72

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). Depending on whether you hit those parameters – your salary went up or down. His insights last week were stellar as usual!

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Unleashed

FEBRUARY 12, 2024

Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This article breaks down everything you need to know about inventory carrying cost, with examples and formulas for calculating it in your business. What is inventory carrying cost?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more. This is where inventory segmentation can help.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

ToolsGroup

JUNE 27, 2022

In this article, we’ll break down what vertical integration is, its benefits and disadvantages, its application in supply chain, and the factors to consider when deciding whether it’s the correct strategy for your company. At the back of your supply chain, you’ve got your raw materials being procured.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

Taulia

JULY 7, 2022

Spend management is the practice of managing supplier relationships and purchasing across an organization to minimize cost and risk. Manual processes, of which spend management is made up, can be both inefficient and create vulnerability to the risk of fraud and human error. What is spend management? Office supplies.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

EC Sourcing Group

JULY 12, 2022

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. This is a fairly common problem, as businesses have different priorities and nuanced procurement needs. Dig Into the Software.

Procurement Solutions 52

Procurement Solutions Supply Chain Design Software Analytics Software Supply Chain Planning Software 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management? Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is Supply Chain Management?

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

Supply Chain Game Changer

FEBRUARY 1, 2022

The first distinction to be made is that Logistics management is different from Freight management. Simply put, Logistics management is a much more all encompassing and overarching term with a vast scope which includes Freight management. Examples of Logistics Management. Let’s explore.

Logistics Network Optimization Software 89

Logistics Network Optimization Software Logistics Resource Reduction Military 89

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty.

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

Veridian Solutions

MARCH 23, 2020

The warehouse management system (WMS) serves as the system of record for warehouses and distribution centers. The WMS software procurement lifecycle remains a challenge for many supply chain leaders. The Challenges of the WMS Software Procurement Lifecycle. As explained by Tom Gresham of Inbound Logistics : .

Optimal Sourcing 59

Optimal Sourcing Optimization Software Demand Planning Software Supply Chain Software 59

Supply Chain Game Changer

MARCH 9, 2021

So what Supply Chain construct should you have that will enable your business to run, and grow, while at the same time acknowledging the lack of inherent expertise and capital funding in most businesses? That is the purview of Procurement. Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! Get Our EBOOK HERE.

Supply Chain Planning Software 90

Supply Chain Planning Software Negotiating Skills Supply Chain Design Software Purchasing Skills 90

Logistics Bureau

JANUARY 7, 2020

The success of your business links inextricably to the performance of your supply chain. you have to make your supply chain successful too. Similarly, one can assume that in many cases, businesses that fail do so because of financial problems —a fact that makes the following statistic also worthy of consideration: . .

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101