SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.

Optimal Sourcing 116

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

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Isn’t time important? Shouldn’t time, both international and domestic, be measured? What kinds of "time" measurements exist?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 80

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 80

SYSPRO Smarter ERP

MARCH 27, 2023

Instead of the old vertically integrated business models (where one manufacturer performed most activities), international supply chains using specialized suppliers led to lower costs of production and services, improved quality, and better pricing. It also coincided with the growth of the Internet and telecommunications technology.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

Supply Chain Shaman

OCTOBER 13, 2022

I brace myself for a late flight for a 2:00 AM arrival as the clock ticks-an echo of time lost. The larger the organizational alignment issues, the longer the decision-making time. The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The reason?

Supply Chain Planning Software 219

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 219

Supply Chain Shaman

DECEMBER 28, 2020

We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. My focus was simple.

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. By ensuring on-time deliveries and minimizing stockouts, they can directly improve customer satisfaction.

Optimal Sourcing 76

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 76

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. 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. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) (I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) At the time, I was fascinated how the most mature teams bucked the system. Sales and Operations Maturity Model from 2005-2008.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

OptiProERP

MARCH 15, 2022

Before getting into production scheduling and how it helps manufacturers, let’s have a quick look at the functions of the production department in a manufacturing organization. The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

ThroughPut

MAY 3, 2024

It’s no longer just about getting goods from A to B; it’s become a vital piece of the supply chain puzzle. 77% of the world’s largest ports are still facing backlogs, and that doesn’t just affect your logistics efficiency and costs, it impacts your entire supply chain and business. We’ve all been witness to this!

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 67

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 67

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

Supply Chain Planning Software 318

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 318

Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. The average volume, rising expenditures, and varying price arrangements for each item across multiple suppliers further complicate the procurement landscape.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Logility

APRIL 29, 2021

True corporate responsibility involves more than just your products and internal operations; it’s incumbent upon you to ensure compliance across the supply chain. This means having a resilient supply chain strategy that includes visibility, transparency, clear communication, and collaboration.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

QAD

MARCH 9, 2023

Instead, geopolitical, inflationary and environmental forces have created new challenges for manufacturers and their supply chain partners. Supply chain planning is more important today than ever before and there’s good news: Manufacturers have options for mitigating global supply chain risk and keeping costs in check.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

ivalua

JUNE 2, 2016

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Sustainability. Globalization.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

GlobalTranz

MARCH 23, 2016

These teams can identify the root causes that created missing reaching their goals and determine a time frame for completion. Any variations in the process will most likely increase cycle time and cause quality issues. 1) takt time, (2) cycle time and (3) SWIP (Standard Work-in-Progress). (2) From: [link].

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

SCMDOJO

FEBRUARY 29, 2024

Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. What metrics do others (in my industry) use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Inventory Reduction 77

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 77

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

Manufacturing Procurement 124

Manufacturing Procurement Procurement Conference North America 124

Unleashed

AUGUST 20, 2023

Long lead times can hurt sales and customer retention. If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. In this lead time guide: What is lead time? Lead time is the total amount of time it takes to complete a process. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Logility

AUGUST 4, 2023

As we’ve seen, it’s not uncommon for project owners to run a project like this just once in their entire career. Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. This is especially true in supply chain planning & management platforms.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Logistics Viewpoints

MAY 19, 2022

Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. A plan is a point in time, so any solution must be paired with agility to adjust when the inevitable changes occur. The myth of the “perfect plan”.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Supply Chain Shaman

JUNE 5, 2013

I was not sure what the discussion was going to be, but I was hoping to be wide-awake by the time that I got to the corner of 18 th Street to meet my client. I was not sure what the discussion was going to be, but I was hoping to be wide-awake by the time that I got to the corner of 18 th Street to meet my client. client meeting.

Supply Chain Planning Software 220

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 220

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. Cash-to-Cash Metrics. In times of uncertainty, cash is king. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Let me explain.

Optimal Sourcing 235

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 235

QAD

AUGUST 12, 2021

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. Sustainability Objectives for Manufacturers. Where Does ERP Come into Play with Manufacturer Sustainability Efforts?

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Silvon Software

AUGUST 8, 2022

Supply chain challenges stemming from the pandemic and other global events continue to plague manufacturing and distribution companies. Logistics disruptions, production delays, an over reliance on 3 rd parties, and labor market shortages are just some of these challenges. Leverage real-time data for greater visibility.

Analytics Software 80

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 80

Supply Chain Shaman

NOVEMBER 21, 2017

Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. Decision support includes all forms of planning: demand, supply, revenue, manufacturing and transportation planning. This transfer of ownership reduced the effectiveness of procurement. It just does not work.

Supply Chain Planning Software 152

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 152