Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Supply Chain Game Changer

JULY 16, 2020

Accepting or submitting orders via email allowed companies to have electronic paper trails to maintain accurate inventory counts and keep clients satisfied. Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources.

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Supply Chain Network Software 124

Unleashed

APRIL 1, 2020

This coronavirus-induced downturn is unlike the 2008 recession, where the economy was active but the credit markets were frozen, as Vox’s editor-at-large Ezra Klein points out. Review existing inventory management systems. It may involve supporting your warehouse team with a better system. Focus on inventory management.

Material Savings 106

Material Savings Inventory Reduction Inventory Management Software Supply Chain Planning Software 106

Talking Logistics

NOVEMBER 3, 2014

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow). But this demand for talent greatly exceeds supply. What is the biggest challenge in closing this gap?

Innovation 174

Innovation Supply Chain Design Software Optimal Sourcing Logistics Network Optimization Software 174

Supply Chain Shaman

NOVEMBER 29, 2015

Hadoop is an open-source software framework written in Java for distributed storage and processing of large data sets on computer clusters. While the rest of the world was deep in a recession in 2008, and manufacturers were struggling with payroll decisions and layoffs, Hadoop innovation was in full swing.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

Talking Logistics

DECEMBER 16, 2015

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Interest Rates : The Federal Reserve in the United States is expected to raise interest rates this week , the first increase since cutting the rate to near zero following the Great Recession in 2008.

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

Infosys Supply Chain Management

APRIL 2, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. One of the biggest time consuming and mundane activities in warehouse management is the pick up of inventory and the appropriate shelving of inventory. Business Process Outsourcing. Customer Service.

Sourcing Strategies 29

Sourcing Strategies Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 29

EMERGE App

DECEMBER 18, 2018

The rise of China in the past decade coincided with a global economic boom after the financial crisis of 2007-2008. Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. Another drawback to this new sourcing trend is that each country has a comparative advantage for a product.

Distribution 74

Distribution Trends Manufacturing Procurement Vietnam 74

RFgen

FEBRUARY 20, 2017

Automated data collection solutions can help companies adhere to inventory management best practices. “The supplier management organization (at Boeing) didn’t have diddly-squat in terms of engineering capability when they sourced all that work,” the engineer said. Comply With Government Regulations.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Waste Reduction 52

RFgen

FEBRUARY 20, 2017

Automated data collection solutions can help companies adhere to inventory management best practices. “The supplier management organization (at Boeing) didn’t have diddly-squat in terms of engineering capability when they sourced all that work,” the engineer said. Comply With Government Regulations.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Waste Reduction 52

Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They are order sourcing, order scheduling, order release and finally order shipping & delivery. Order release process releases the order to warehouse management application in order to allow its processing in warehouse.

Optimal Sourcing 24

Optimal Sourcing Manufacturing Procurement Inventory Reduction Supply Chain Planning Software 24

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Arkieva

JANUARY 6, 2017

10 Warehouse Productivity Tips for Reducing Downtime Today! View the full post or view the snippet below: If you are a warehouse manager, you would know that handling warehouse operations is not an easy task. Minimizing downtime and increasing productivity are two things that rank high on a warehouse manager’s to-do list.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Logistics Bureau

AUGUST 19, 2017

They found 30% of their orders leave the warehouse with a negative margin. That’s just taking sales, minus cost and warehouse handling costs. In terms of the cost side of the equation, procurement and inventory management are big ticket items. As an example, I have a customer who is a distributor. Group Managing Director.

Sourcing Strategies 41

Sourcing Strategies Agile and Lean Supply Chain Supply Chain Strategy Cost Reduction Strategies 41

Infosys Supply Chain Management

JANUARY 13, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The companies today need a Warehouse Management System (WMS) that can be implemented quickly, configured easily and which is cost effective. Business Process Outsourcing. Customer Service. Finance & Accounting.

Supply Chain Planning Software 29

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 29

Infosys Supply Chain Management

FEBRUARY 8, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Let us take an initiative such as Inventory Optimization as an example. But what has been lost is an opportunity to look at inventory optimization through the lens of revenue generation and cost optimization.

Optimal Sourcing 34

Optimal Sourcing Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Optimization 34

Tompkins Blog

APRIL 29, 2014

Sales growth in B2C has been primarily in online and discount sales since 2008 and going into the future. 2008-2013 Overall Growth. Source: Kantar Retail Analysis. There have been a variety of factors that have contributed to this: Real transportation, operations, real estate, inventory, and capital costs must be utilized.

Real Estate 66

Real Estate Material Savings Price Reduction Sourcing Strategies 66

Infosys Supply Chain Management

JULY 17, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Today, optimizing the warehouse yard does not appear to be of top priority on most CEOs dashboards. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories.

Optimal Sourcing 22

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 22

Infosys Supply Chain Management

AUGUST 21, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Rapid Innovation will Differentiate the Future of Retail Industry | Main | Utility of iPads on Shop Floor » Enabling individual item picking in tomorrows warehouses. Business Process Outsourcing.

Optimal Sourcing 22

Optimal Sourcing Supply Chain Planning Software Agile and Lean Supply Chain Pharmaceutical 22

GlobalTranz

DECEMBER 7, 2015

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will be able to improve their inventory due to the information presented by both supply chain and operations data. The number of robot installations had never increased so heavily before.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Infosys Supply Chain Management

NOVEMBER 28, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Inventory and Capacity Visibility to Order Management System. As, there is no postcode change in this case, there is no change in inventory sourcing warehouse and delivery van route. Banking Suite.

Manufacturing Procurement 20

Manufacturing Procurement Supply Chain Planning Software Inventory Reduction Agile and Lean Supply Chain 20

Infosys Supply Chain Management

AUGUST 29, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Enabling individual item picking in tomorrows warehouses | Main | Supply Chain Collaboration and Social Media » Utility of iPads on Shop Floor. Sourcing,Procurement,Contract & Spend Management (38).

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Optimal Sourcing 22

Infosys Supply Chain Management

SEPTEMBER 17, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Several retailers employed mega warehouse model. Online grocery orders were fulfilled from massive, highly automated warehouses with sophisticated carousels and conveyors for order picking. Customer Service.

Supply Chain Planning Software 26

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 26

KEPLER Consulting

NOVEMBER 20, 2017

On the front line since 2008, the automotive sector was quickly forced to adapt and work on the flexibility of its model in order to maintain a robust economic performance. To reduce Supply Chain costs, once the traditional levers have been activated (supplier negotiations, transport schemes optimization, inventory reduction, etc.),

Optimal Sourcing 40

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 40

Infosys Supply Chain Management

AUGUST 10, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Oil operators and Oil services firms - time to dissolve internal walls | Main | Enabling individual item picking in tomorrows warehouses » Rapid Innovation will Differentiate the Future of Retail Industry.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Innovation 28

Infosys Supply Chain Management

OCTOBER 19, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. When customers asked for future delivery dates, retailers mulled over the use of future inventory to satisfy future demand. Sourcing,Procurement,Contract & Spend Management (38). Business Process Outsourcing.

Manufacturing Procurement 22

Manufacturing Procurement Retail Optimal Sourcing Industrial 22

Unleashed

APRIL 20, 2020

The last global recession was in 2008, leading some economists to believe the next one is overdue. The inventory to sales ratio, also known as inventory turnover , measures the amount of inventory in your store compared to the number of sales you’re fulfilling. Recession indicators: Factory slow-down.

Agile and Lean Supply Chain 81

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Planning 81

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only way Intel could find to make supply chain cost reductions was to bring this cycle time down and therefore reduce inventory.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Supply Chain Movement

JUNE 30, 2015

China is not only an attractive market in terms of sourcing and manufacturing but also for the sale of goods due to the rapid growth of its middle class. Anyone with a factory and adjacent warehouse in a free trade zone is more or less forced to open an extra warehouse outside of the free trade zone in order to distribute within China.

China 60

China Distribution Inventory Reduction DC 60

Requis

JULY 24, 2020

No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 130

Global Trade Management

MAY 16, 2014

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. With low transportation costs, it often makes sense to pool inventory in fewer locations so you can optimize space, labor and inventory pooling. ► 2008. (7).

Optimal Sourcing 40

Optimal Sourcing Cargo Supply Chain Optimization Optimization Software 40

ShipBob

APRIL 17, 2020

Even during the Great Recession of 2008-2009, ecommerce wasn’t what it is today. Other questions brought up during the webinar include: If you’re currently manufacturing overseas, are there ways to source manufacturers in the US quickly? Make sure you don’t have a lot of cash tied to inventory that’s not moving.

Material Savings 110

Material Savings Manufacturing Procurement How To Inventory Reduction 110

Logistics Bureau

JUNE 13, 2016

The company was replenishing dealers inventory on a weekly basis, by direct shipment and cross-docking operations, from source warehouses located near Deere & Company’s manufacturing facilities. Somehow Intel had to reduce the supply chain costs for the Atom chip, but had only one area of leverage—inventory.

Cost Reduction Strategies 40

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 40

Infosys Supply Chain Management

MAY 9, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. As a result, organizations end up either under stocked (that leads to lost customers) or overstocked (leading to unwanted inventory carrying costs). Sourcing,Procurement,Contract & Spend Management (38).

Supply Chain Planning Software 29

Supply Chain Planning Software Real-time Visibility Supply Chain Software Agile and Lean Supply Chain 29

Infosys Supply Chain Management

MARCH 20, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Flying Robots in a Warehouse? o Consolidate inventory for fulfillment i.e. use of a single pool of inventory to promise and fulfill orders across multiple ordering channels. December 2008.

Manufacturing Procurement 24

Manufacturing Procurement Purchasing Skills Price Reduction Procurement Solutions 24

Vinculum

JANUARY 18, 2023

Founded: 2008. More than 100,000 stories about startups, small enterprises, and entrepreneurship have been told on YourStory since 2008, and the platform offers an exclusive, extensive library of information about the Indian startup ecosystem. The original name of the business idea was Foodiebay, launched in 2008.

India 52

India Modeling Software Logistics Network Optimization Software Inventory Management Software 52

Infosys Supply Chain Management

OCTOBER 18, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They would have to monitor the numbers so closely - for how many are on the shelf at the start of the day, how many are sold and how many (exactly) are taken from the warehouse and put onto the shelf. December 2008.

Supply Chain Planning Software 28

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Pharmaceutical 28