Logistics Viewpoints

DECEMBER 6, 2022

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep.

Reverse Logistics 221

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 221

Logistics Viewpoints

APRIL 6, 2023

When products don’t arrive at the right place, the right time and the right quality, both in-bound supply chain planners and procurement buyers face unplanned plant shutdowns or upset customers. Legacy categorization of products into direct and indirect goods hamper the focus on identifying common grounds and gaining resiliency.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

The Logistics & Supply Chain Management Society

OCTOBER 10, 2022

From stocking up your fridge with the week’s groceries to purchasing the latest smartphone, the consumer has now been placed at the center of the supply chain as they pull the complete gamut of products to where they reside. drop, and it continues to set new standards for delightful post-purchase customer experiences.

Logistics Network Optimization Software 242

Logistics Network Optimization Software Supply Chain Planning Software Analytics Software Procurement Solutions 242

Logistics Viewpoints

FEBRUARY 7, 2024

A few ways companies can begin to offset their carbon footprint is to take a deeper look at product packaging, energy efficiency, alternative fuels, route optimization, and returns and recycling programs. For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime.

Waste Reduction 263

Waste Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Optimization 263

Logistics Viewpoints

SEPTEMBER 30, 2022

Second, the pandemic kicked online buying and home delivery into “high gear” as many consumers embraced its convenience and dramatically expanded the scope of their online purchasing. Consumers are making purchasing decisions based upon environmental impact. So, how are these two trends mutually beneficial?

Sustainability 218

Sustainability Eliminating Excel in Purchasing Cost Reduction Strategies Resource Reduction 218

Logistics Viewpoints

DECEMBER 1, 2023

The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought. The company is boasting its quickest delivery time yet, saying that packages are being prepared for dispatch within 11 minutes of an order placement at same-day facilities.

Logistics Network Optimization Software 231

Logistics Network Optimization Software Albuquerque Logistics Cost Reduction Strategies 231

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

Manufacturing Procurement 95

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 95

Logistics Viewpoints

FEBRUARY 5, 2024

The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart. The visibility solution must be built in such a way that it can download order quantity and inventory data from a customer’s systems. That ASN data also goes into the Uber Freight system which can then compare what was shipped to what was ordered.

Shipping 243

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 243

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. PPV measures the gap between what the company planned to pay for a product or service and what they actually paid. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Redbud Brands went from not knowing if a purchase order was approved to making every payment in time. We really needed to close the loop.”

Procurement Solutions 105

Procurement Solutions Procurement Analytics Supply Chain Planning Software Supply Chain Software 105

Logistics Viewpoints

NOVEMBER 16, 2023

As so many of us were made aware since the pandemic lead times were stretched to extreme levels for many products globally. Lead time in the supply chain is the total time from when a customer order, or purchase order, is placed and when the goods are received. What is lead time? First, let’s define lead time.

Real-time Visibility 240

Real-time Visibility Material Savings Inventory Reduction Vendor Strategies 240

Unleashed

APRIL 21, 2024

Order processing is what happens behind the scenes when a customer places an order. 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. Optimising your order processing workflows ensures customers receive their products quickly.

Inventory Management Software 52

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

Logistics Viewpoints

APRIL 26, 2022

As more consumers flock to e-commerce, purchasing big & bulky goods such as furniture, appliances, and wholesale electronics online is becoming more common. The trend of purchasing big & bulky items online will continue to grow, with Statista predicting 35% of furniture sales worldwide will be made online by 2025.

Supply Chain Planning Software 190

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 190

Precoro

AUGUST 14, 2023

One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. Nevertheless, there are differences between the terms "procurement" and "purchasing," which we covered in one of our previous articles.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

OptiProERP

DECEMBER 18, 2023

Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. In other words, procurement includes the steps required before, during, and after purchasing commodities from the vendor. Steps in the Procurement Process 1.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

Precoro

DECEMBER 11, 2023

The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market. As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

RFgen

APRIL 12, 2024

To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on. Spoilage or obsolescence create losses.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

SCMDOJO

MARCH 8, 2024

Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. But it was not the pandemic that made them more productive. These targets reflect the client’s need to keep production lines operational.

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Stord

APRIL 10, 2024

These recognitions are awarded based on the responses of a meaningful number of real customers on G2 Stord One Commerce and Stord One Warehouse achieved OMS Market Leader and WMS Market Leader, respectively, on the Grid report by receiving positive reviews from verified users compared to similar products.

Supply Chain Design Software 79

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 79

Unleashed

SEPTEMBER 3, 2023

If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and safe trading between suppliers and their customers – and provide traceability as ordered items pass through the supply chain. In this purchase order guide: What is a purchase order?

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

Synovos

APRIL 2, 2024

MRO products are often low-value items generating many transactions. Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Also, there is a cost to the purchase-to-pay (P2P) process.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

ShipBob

JUNE 18, 2023

Tracking beginning inventory is important for businesses so they can manage stock levels, manage on-hand inventory, and make informed decisions about purchasing more inventory. For a manufacturer, beginning inventory may include raw materials, items that are in production, and finished goods. However, there are tax advantages.

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

Supply Chain Matters

JANUARY 23, 2024

The modules announced as general availability were Supply Planning , software that supports accurately forecasting and planning purchases of raw materials, components and finished goods as well as improve in-stock rates across the extended supply network.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 59

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Precoro

DECEMBER 18, 2023

Healthcare procurement is a multifaceted process that involves managing suppliers, requesting healthcare products, approving the requests, monitoring inventory, tracking expenses, and overseeing budgets. Disorganized purchasing The absence of a unified procurement policy results in decentralized purchasing across the healthcare organization.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

Silvon Software

APRIL 1, 2024

Order Fulfillment Cycle Time – The time taken from receiving an order to delivering the product to the customer. Procurement Purchase Order Cycle Time – The average time taken from the creation of a purchase order until its fulfillment. What is the margin by customer by product?

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. Direct procurement is about buying anything needed to manufacture a product. Indirect procurement deals with purchasing items to support the daily running of the company. Purchasing Portfolio.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Resilinc

MARCH 26, 2024

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? We will also look at real-life use cases and applications for each model.

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

Unleashed

DECEMBER 15, 2022

While the benefits of implementing an ERP system are numerous – increased productivity, streamlined data flow, improved decision-making – the total cost and usefulness of a single-vendor ERP system can prove unsatisfactory for SMEs. By integrating a few of these smaller-scale products, you can create an affordable alternative to ERP.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Forecasting Software Supply Chain Planning Software 97

Precoro

FEBRUARY 26, 2024

There are a few types of cost centers, and most commonly relate to production or service. Types of Cost Centers Companies craft their own cost centers according to production needs and operational specifics. Expenses may include, for example, hardware purchases, software licenses, IT personnel salaries, and infrastructure maintenance.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. Procurement management refers to the tasks and activities undertaken to plan, negotiate, source, and then purchase the goods and services your business needs to operate.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

Precoro

AUGUST 26, 2021

How do you call it when you order, say, stationery for your office? Purchasing? Although quite similar, procurement and purchasing are two distinctive processes , and understanding the difference between them can help facilitate your organization’s success. Purchasing and Procurement at a Glance. Purchasing.

Pricing Training 98

Pricing Training Procurement Solutions Procurement Analytics Purchasing Training 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

FEBRUARY 4, 2022

When you hear people talking about p2p or procure to pay, they might refer to the buying process in general or have software solutions in mind that bring purchasing and accounts payable (AP) departments in sync through automation. Purchase to Pay. If supplier confirms the order the PO will become a legally binding contract.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98