Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is the total sum of any expenses associated with holding inventory within a warehouse or storage facility until it is sold or used in production. Customer service and satisfaction: 37% of consumers who encounter a stockout will choose to shop with another business, and nearly 10% will buy nothing at all.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Logistics Viewpoints

JUNE 1, 2023

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 193

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

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? In this article, learn how to track warehouse performance by monitoring the right KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

DynaSys

OCTOBER 7, 2021

Visibility is fundamental to efficient procurement, especially if supplier relationships span design, manufacturing, and distribution. Advanced Analytics let you monitor supplier performance on delivery, price, and service to strengthen negotiations and partnerships. Warehousing and distribution. Production Insight.

Analytics Software 52

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

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. While it possesses the buying power of a large corporation, NUNNER focuses on providing tailor-made solutions to its customers.

Logistics Network Optimization Software 91

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 91

Unleashed

APRIL 21, 2024

It’s the journey that order takes from the second they click ‘Buy’ to the moment all the goods are delivered to your customer’s doorstep. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. They say, ‘For this production, we can do it at this unit price. But from next month, our pricing is going up.’” “It was forcing our smaller clients to place much larger orders because they don’t want to deal with a new price.”

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Eliminate Before You Automate : Automation is critical to large, efficient warehouse operations.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

Governments have spent considerable time, effort and political capital negotiating such agreements. There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. It is not immediately evident why this is so.

Pricing Training 245

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 245

Supply Chain Shaman

OCTOBER 13, 2022

The gap between logistics and procurement; and logistics and customer service increases process latency. A stuffed warehouse is inefficient, and most companies have the wrong inventories.). While ocean container volume fell 8% in September and ocean transportation prices are 71% lower year-over-year, don’t get lulled to sleep.

Supply Chain Planning Software 219

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

Precoro

JANUARY 30, 2023

As a company slowly grows, purchase management becomes more and more complicated. The need to manually create, store, manage, and analyze the ever-growing purchase orders and all associated documents can be pretty cumbersome. Plus, find a comparison table of some free purchase order software and paid programs.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

Supply Chain View from the Field

MAY 13, 2014

Gerard Chick and I are working on a new book, that is effectively questioning whether procurement, as we know it, is on the right track, and if not, what it will take to get it back on track. One of the first questions we begin with in the first chapter is, if indeed, procurement is a profession.

Procurement 104

Procurement Purchasing Skills Pricing Training Buyer Training 104

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. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 74

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 74

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For others it is tightly managed, actioned and used to determine Procurement’s effectiveness in either reducing losses or generating profit.

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

ThroughPut

APRIL 30, 2024

The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools. Warehouse Automation Systems : With the intervention of AI, manual errors in warehouse management have reduced. Read it all here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. Put simply, dynamic pricing is the automation of pricing adjustments.

Inventory Management Software 52

Inventory Management Software Predictive Analytics Software Supply Chain Design Software Demand Planning Software 52

ShipBob

MARCH 21, 2024

Warehousing is expensive. Setting up and maintaining a warehouse makes up a significant portion of your overall ecommerce operational costs and has a heavy impact on your bottom line. If you’re considering renting or buying a warehouse, you need to keep these expenses in mind. Let’s get started.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Warehousing Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 28, 2012

That is the role of marketing or sales or procurement. Yes, I believe that supply chain overlays on top of the sales and marketing organizations and the procurement function. Or contracts and negotiations. We have let buy- and sell-side transactional relationships erode value. “ I scratch my head.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

ShipBob

SEPTEMBER 25, 2023

The CBD market is booming in 2023 There’s no doubt about it, consumers are getting on the CBD train. You’ll also want to get a resale license if you plan to purchase your CBD product from wholesalers. One of the most popular platforms to buy domains from is GoDaddy.com. Over 60% of U.S. Our fulfillment is on autopilot.

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

CH Robinson Transportfolio

JUNE 9, 2022

In your personal life, you can use a variety of devices to make purchases—from your phone to your smart TV, it’s all possible within whatever device you’re using. In fact, today you can procure freight rates from your transportation providers right in your TMS. Why supply chain connectivity is important. Cost savings in loose markets.

Supply Chain Planning Software 70

Supply Chain Planning Software Demand Planning Software Analytics Software Optimization Software 70

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. The age of “hard ball negotiating” is over.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

ShipBob

FEBRUARY 25, 2022

A good OTIF score starts from the supplier purchasing and procurement process. Even if you have enough inventory on hand, you could still struggle with a low OTIF score due to issues in your warehousing and storage. Warehouse processing issues. The items that your customers order should be in stock and ready to ship.

Optimal Sourcing 52

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

ShipBob

SEPTEMBER 29, 2021

Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping. Procuring inventory. Having insight into what’s going on during the procurement process can help you find ways to build a more agile supply chain. Receiving & processing inventory. Order fulfillment.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Precoro

DECEMBER 12, 2023

Rémi Lelarge, the Head of Procurement and Logistics at Electra, shared their story of building a comprehensive procurement process with Precoro. The startup that immediately chose Precoro For the first few months after Electra was founded, like many startups, the team had a manual procurement process and used spreadsheets.

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Training Procurement Analytics 52

Enterra Insights

AUGUST 2, 2019

He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1] 1] “During the first few hours,” he writes, “we went over the pertinent areas of a purchase order. One driver of this demand for supply chain redesign is e-commerce.

Optimal Sourcing 100

Optimal Sourcing Manufacturing Procurement Logistics Network Optimization Software Logistics 100

Supply Chain Game Changer

AUGUST 3, 2021

There are many reasons for this lack of due consideration: Many Supply Chain operations, like manufacturing, purchasing, warehousing, and logistics are hands on, blue collar type jobs. A lack of Supply Chain education and certification curriculum that goes beyond functional training.

Supply Chain Strategy 119

Supply Chain Strategy Supply Chain Design Software Sourcing Strategies Supply Chain Design 119

Unleashed

AUGUST 17, 2021

Advantages: Manufacturers save on infrastructure costs : the company avoids the cost of purchasing, managing and periodically upgrading expensive software. These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. Who is CAD best for?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Precoro

NOVEMBER 23, 2022

Three-way matching is an essential step in the procurement flow process that involves cross-referencing three critical documents – purchase order, receipt, and vendor invoice – to determine whether an invoice should be paid. First, the corresponding purchase order is located. What Is Three-Way Matching? What has been delivered?

Procurement Solutions 98

Procurement Solutions Pricing Training Procurement Analytics Purchasing Skills 98

Supply Chain Network

NOVEMBER 5, 2018

Contrary to what some procurement professionals may think, all logistics solution providers are not created equal, and those who consider price only, or as main factor in their selection process, are doomed to mediocrity and perhaps even failure. Flexible cross trained staff increased for peaks & decreased during slow periods.

Logistics Network Optimization Software 119

Logistics Network Optimization Software Inventory Reduction Price Reduction Cost Reduction Strategies 119

ivalua

JUNE 1, 2022

Amrest onboards new vendors at competitively-positioned pricing on a regular and consistent basis. Suppliers can support company growth as part of the Amrest procurement journey. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. . Part of the Solution.

Optimal Sourcing 130

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 130

Supply Chain Matters

AUGUST 15, 2022

The saga of fitness hardware and services provider Peloton Interactive took yet another turn last week with an announcement of the pending closing of the company’s owned North American warehouses and the shedding of field customer support teams, along with other moves. West Coast were in excess of 200 days.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52