Resilinc

FEBRUARY 16, 2021

Predictive analytics tool leverages AI to identify how a supplier will perform by analyzing past events and on-time delivery data. We’re pleased to announce the launch of our Predictive Purchase Order (PO) On-Time Delivery solution.

Procurement Solutions 62

Procurement Solutions Procurement Analytics Predictive Analytics Software Predictive Analytics 62

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

RFgen

MARCH 20, 2023

Key Takeaways: Inventory control involves the management of products and services across the supply chain, ensuring the right amount of product at the right time. Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate. Essential to this process is purchasing.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 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

Logility

JANUARY 4, 2022

Planalytics’ weather-driven demand analytics help businesses stay ahead of never-ending sales variability. a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced a partnership with Planalytics, Inc. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Precoro

FEBRUARY 12, 2024

Objectives of liquidity management are to ensure that the business has cash on hand to fulfill its financial obligations and weather the storm during both anticipated and unexpected events, like supply chain disruption or abrupt drop in sales, without enduring significant losses. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions? Here are some examples to consider for your business.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

crisp

JANUARY 24, 2024

Discover how Walmart’s Luminate Charter plan is revolutionizing retail data analytics with these five essential reports for suppliers. Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Driving Sustainable Growth Through Supply Chain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. OTR freight represents a long-standing aspect of supply chain operations and transportation management. transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 78

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 78

Logility

JANUARY 26, 2024

Depending on who you ask, the answer can be anything from low costs and efficiency to a delicate balance between profitability and customer service. Enter our list of supply chain trends for 2024. Volatility intensifies, supply chain decision-making evolves Trend #1: This year will be volatile – possibly more than 2023.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Reliance on a few suppliers How you procure and manage your suppliers will impact how they perform.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 13, 2021

I believe that it is an analogy for what is happening in today’s supply chain market. Historically, most supply chain investments were for engines–bright guys built fabulous optimization code and plonked the software onto a relational database. Let me explain. Planning as we need it needs to change.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

Unleashed

JUNE 7, 2023

Manual inventory control tasks are automated with the help of software tools and warehousing equipment. Inventory optimisation tools Inventory optimisation tools are essential for improving the efficiency with which your business operates. Inventory optimisation software Software is at the heart of inventory optimisation.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. The need for effective supplier relationship management is arguably greater than ever due to supply strains of geopolitical issues, chip shortages, port congestion and other supply chain disruptions.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

ToolsGroup

APRIL 1, 2022

How the Supply Chain Crisis is Impacting Businesses and Consumers. 66% of consumers are concerned that supply chain issues will never end ( Chain Store Age ). 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. Consequently, there are numerous types of lead time we can measure in the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Logility

MARCH 6, 2020

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Rapid adaptation to change and supply chain disruption.

Forecasting 260

Forecasting Supply and Demand Forecasting Software Modeling 260

Logistics Viewpoints

MAY 25, 2022

But it has certainly been more pronounced recently within the supply chain world. This is evident from the widespread global supply chain disruptions that we all read about daily. Dan stated that the continuous updates that come with Active WM was a strong selling point for adopting the solution.

Conference 176

Conference Supply Chain Planning Software Optimization Software Scenario Planning 176

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. Products available on backorder are are out of stock in the supplier’s warehouse but may still be purchased by consumers in advance of future availability. How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

The Logistics & Supply Chain Management Society

MAY 18, 2021

Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. A new hyper-focus to meet customer expectations is creating pressures upstream in the supply chain. Going Digital to Interact with Your Ecosystem.

Supply Chain Network Software 243

Supply Chain Network Software Network Optimization Agile and Lean Supply Chain Modeling 243

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Unleashed

NOVEMBER 7, 2023

The goal is to connect these platforms in a way that allows customers to interact, browse, purchase, and receive products or services through a sales process that feels unified and cohesive. Once they’ve made a purchase, the customer is provided with real-time updates regarding their order status.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Cost Reduction Strategies 52

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. The reduced production costs directly translate into wider profit margins for your products. Production planning precedes production scheduling.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. High stockout costs combined with low OTIF scores can also help to pinpoint the source.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Unleashed

JULY 10, 2023

S&OP aims to establish an integrated plan for the following activities: Sales Marketing Finance Production Procurement Supply chain management Inventory management Demand planning Inventory planning Materials planning S&OP is designed to ensure all the different business teams are working together to maximise efficiency and profitability.

S&OP 40

S&OP Supply and Demand Supply Chain Planning Software Inventory Reduction 40

The Logistics & Supply Chain Management Society

MAY 18, 2021

Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. A new hyper-focus to meet customer expectations is creating pressures upstream in the supply chain. Going Digital to Interact with Your Ecosystem.

Agile and Lean Supply Chain 147

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Modeling 147

ShipBob

NOVEMBER 15, 2021

The goal of logistics planning is to build a lean and cost-effective logistics operation that can achieve service levels at all times and withstand supply chain disruptions. If your planned goals have kept you on budget and you’ve reduced supply chain costs, you’ll likely see monetary savings and higher profit margins.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

Unleashed

JANUARY 10, 2023

The 5 components of the supply chain planning process: Supply chain visibility Supply chain mapping Production optimisation Product pricing optimisation Implementation of supply chain planning software Combine these and you’ll get an optimised supply chain planning strategy that brings in extra revenue and helps you cut unnecessary business costs.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. It helps purchase managers determine the optimal reorder and safety stock levels based on historical company data. In reality, supply chain disruptions, seasonality, and Christmas can greatly affect sales and deliveries.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Taulia

JANUARY 4, 2021

As a result, 43% of respondents to Taulia’s Covid-19 Supplier Survey reported an increase in receiving late payments. As the report noted, “the main reason seems to be that businesses are conserving their own cash amidst the economic uncertainty.”

Inventory Reduction 52

Inventory Reduction Forecasting Procurement Analytics Forecasting Software 52