Jaggaer

JANUARY 28, 2019

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Procurement 40

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. They also have 20 sourcing locations across North America from which they can ship make to stock products. HWI employed a crawl-walk-run methodology.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 254

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

SupplyPike

MAY 27, 2020

Learn about: Cross-docking Walmart’s inventory technology Shelf-scanning robots Vendor-management inventory. Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. Walmart’s inventory strategy primarily revolves around cross-docking.

Vendor Strategies 74

Vendor Strategies Inventory Reduction Price Reduction Sourcing Strategies 74

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Supply Chain Matters

JULY 20, 2022

front that retailers and certain businesses may have procured too much inventory , and now that these inventories have arrived, the challenge will be not to exposed to a decline in consumer buying activity in the months to come. percent of GDP between the two years from 2019 to 2021. percent of GDP to 6.2 Stay tuned.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Supply Chain Strategy Supply Chain 98

EC Sourcing Group

DECEMBER 17, 2018

Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order. Most people in procurement dislike change. The bottles they use serve multiple purposes.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

NC State SCRC

APRIL 2, 2023

Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. We started in 2012 as a finance back office, which included elements of the procure to pay process. A shared service is a Center of Excellence in effect.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Matters

JULY 6, 2022

Further reported was that about two-thirds of the company’s inventory was still in-transit at the end of the most recent quarter. In 2021, Nike experienced discernable production and transportation disruptions for products sourced in Vietnam as suppliers struggled with Covid-19 lockdowns, labor and transport shortages.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

BlueYonder

MARCH 6, 2020

A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans. where is my inventory,” and leverage ML-based recommendations to find alternate sources of supply and integrated execution capabilities to turn recommendations into alternate supply shipments.

Real-time Visibility 90

Real-time Visibility Modeling Supply Chain Planning Software Supply Chain Software 90

Enterra Insights

JULY 28, 2020

”[2] The explain, “Traditional supply chains, reliant on manual processes, simply cannot keep up with the pace of today’s market; the processes for balancing inventories and forecasting used ten years ago are quickly overwhelmed. ” When dealing with clients, we often find getting the right data can be difficult.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Shipsy

JANUARY 28, 2021

SCM is the management of the flow of goods or services from source to destination by following activities like demand planning, raw material procurement, production, inventory management, order management, movement and storage, and transportation and logistics. dollars in 2019. Improve inventory and warehouse management.

Supply Chain Planning Software 52

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

Requis

MARCH 10, 2020

With an uptick in media reports on environmental crises like the Australian bush fires of 2019, there has been a renewed sense of urgency on climate change issues. – UN report: Global Resources Outlook 2019. Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

ModusLink Corporation

NOVEMBER 18, 2021

When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. Sustainable procurement: consists of environmentally friendly purchasing that carry reduction, reuse, and recycle. Retrieved from Ikea.com. Retrieved from Kobo360.com. Logistrap packing services. Retrieved from Logistrap.com.

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Enterra Insights

FEBRUARY 6, 2020

Finished goods inventory? Roy Anderson ( @procureguyvp ), Chief Procurement Officer and Digital Transformation Officer at Tradeshift, insists, “Sixty years of relative stability in global trade encouraged businesses to build efficient but highly rigid supply chains that minimize cost but make it difficult to adapt quickly.”[4].

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Transformation Supply Chain Software Agile and Lean Supply Chain 100

Supply Chain Matters

APRIL 1, 2022

Financial results were positive and included annual net revenues increasing 32 percent on a year-over year basis, and 42 percent when compared to pre-pandemic 2019. Friedman went on to articulate that transit times to move inventory from Asia to the U.S. Operating margin has reached nearly 26 percent, up 1.2 basis points.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52

Enterra Insights

MAY 21, 2020

For a manufacturer, that might span from source to make to deliver. While there are many types of visibility, the most frequent use case is either sourcing or transportation visibility.” ” They note the focus of many control towers “include procurement, logistics, production, demand planning, and inventory management.”

Supply Chain Planning Software 100

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Design Software Analytics Software 100

Freightos

NOVEMBER 11, 2021

CMA CGM, the third largest ocean carrier, is increasingly oriented towards shippers, with the vertical acquisition of CEVA in 2019. For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories. From a carrier perspective, these shifts are not without risks.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Supply Chain Matters

JUNE 7, 2023

Noted was a late May decline, largely driven by a more pronounced shift in inventories in the second half of May, reflecting a higher rate of expansion in the first half. Further, the report indicates that many consumer goods firms reportedly achieved the inventory wind down they strove for throughout 2022.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Supply Chain Matters

AUGUST 11, 2022

In our Part Two look back commentary , we observed efforts and activities by businesses directed at restoring more direct control of supply network materials sourcing. At the end of 2019, prior to the onset of the Covid-19 global pandemic, this index stood at $1,832 per TEU. be able to service key regions and markets.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

ShipBob

SEPTEMBER 29, 2021

From managing inventory flow to ensuring that customers receive shipments on time, retail logistics streamlines the different stages of your ecommerce supply chain to keep your business running smoothly. Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping.

Optimal Sourcing 52

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

NC State SCRC

MAY 27, 2021

The majority of the people working within it were inventory logisticians, not supply chain logisticians. In 2017, the composition of the SNS inventory was largely determined by the Public Health Emergency Medical Countermeasures Enterprise (PHEMCE), which issued a strategic plan outlining the key areas for inventory investment.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Resource Reduction 52

Enterra Insights

JUNE 13, 2019

To counterbalance such potential negative effects, companies should pay just as much attention to a less appreciated source of competitive advantage: resilience.”[1] ” He suggests focusing on forecasting, inventory, supplier relations, and market awareness. Cognitive technologies can help in each of those areas as well.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Cognira

MAY 19, 2021

That’s so 2019. That’s so 2019. Replenishment usually did not include promotional inventory, and stores were burdened with monitoring and management. Ordering inventory for promotions manually, with a limited understanding of forecasts. That’s so 2019. Introduction. Ancient History- The Last Decade. Introduction.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Purchasing Skills Predictive Analytics Software 52

Supply Chain Matters

MARCH 7, 2023

The February 2023 GSPI dropped to a negative value for the first time since August 2019, in essence signaling a return to normal pressures and now below pre-pandemic levels. That stated, Warehousing Prices and Inventory Costs remain expanding at accelerated rates and the authors caution: “.it The chairperson of the U.S.

Supply Chain Software 52

Supply Chain Software Supply Chain Cost Reduction Strategies Inventory Reduction 52

ToolsGroup

SEPTEMBER 21, 2021

Sarah Voorhees has spent the last 12 years of her career in supply chain leadership roles, where she’s reimagined demand and supply planning and inventory management practices at consumer goods and distribution companies. It began with optimizing the use of ToolsGroup supply chain planning software to improve RAJA’s customer service levels.

ToolsGroup 24

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 24

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 101

Supply Chain Matters

AUGUST 8, 2022

that we have not seen since April of 2019. Warehousing and Inventory metrics continue to buoy the logistics sector. Inventory Levels remain high (and are responsible for dragging down U.S. Other trending July data reflects overall inventory levels as well as inventory costs declining.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Supply Chain Matters

MARCH 29, 2022

and China trade war had resulted in added tariffs being applied to footwear causing designers to consider sourcing within other countries, especially Vietnam. At the time, the economics of producing shoes in the region of consumption came down to the economics of cheaper direct labor across China and other Asian countries. Added Perceptions.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Sourcing Strategies Expense Reduction 52

Supply Chain Matters

JUNE 5, 2023

That could signal even more added inventory exposures. On a positive note, average purchase prices reportedly fell for the first time in three years while supplier lead times “ shortened to the greatest extent since April 2019, amid reports of improved material availability and lessor supply chain pressure.”

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Thailand 52

DynaSys

DECEMBER 8, 2021

The goal with production restart was not to produce too much of the wrong inventory. Zone’s demand management team entered the volumes with different “ what if ” scenarios in several SpreadSheets “ what if we lost 30%, or 40% or even 50%… of the sales versus 2019 ”. On the other hand we have the plants. What about Essilor?

S&OP 52

S&OP Supply and Demand Supply Chain Planning Software Material Savings 52

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. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98