The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

1 Your Input Channel In November 2022 my story To Realize the Circular Economy Dream – Reach Out to Your Community , I used the example of a company that takes bread crusts (a by-product of one industry) and uses it for making beer. Singapore for instance only really recycled 6% of the plastic collected in 2022.

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

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The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. LogiSYM Supply Chain Magazine – August 2022.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

NOVEMBER 17, 2022

This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. To read the full article, click HERE. Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice.

Packaging 225

Packaging Food Manufacturing Procurement GEP 225

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 130

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Enterra Insights

AUGUST 11, 2022

NOAA’s outlook for the 2022 Atlantic hurricane season, which extends from June 1 to November 30, predicts a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season. 10] When it comes to moving inventory into disaster-prone areas, historical data can help. Denial of risk.”[6]

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

NC State SCRC

NOVEMBER 29, 2023

During that time, she worked in a number of different areas including direct procurement, indirect procurement, operations, supply chain, packaging, and operations support including: HR, finance, IT and facilities management. Now, Pam is helping lead a digital procurement transformation for Caterpillar Inc.

Supply Chain Planning Software 52

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SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Supply Chain Game Changer

NOVEMBER 8, 2022

That is the job of the Procurement team. But more than just finding sources in response to demands from the R&D and Design teams, intelligent Procurement teams are also proactively searching for and qualifying sources in anticipation of future needs. Inventory Positioning. Originally published on November 8, 2022.

Supply Chain Design 114

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Supply Chain Game Changer

NOVEMBER 3, 2022

This information can help companies manage inventory levels and improve customer service and engagement. Procurement Management. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. LogiSYM Supply Chain Magazine – April 2022. HOW DID WE GET HERE?

Supply Chain Planning Software 246

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

Supply Chain Game Changer

JUNE 30, 2022

Demand planning enables businesses to stock the proper amount of inventory and maintain correct inventory levels. The use of strategies like Just In Time (JIT) inventory management and other lean manufacturing approaches are useful in meeting and adapting to demand. The post Building Blocks of Supply Chain Strategy!

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 78

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Intelligent Audit

JULY 5, 2022

As calendars flip to another month, it can be hard to believe that the first half of 2022 is already over. On June 22, 2022, FedEx and FourKites announced a joint initiative to develop an end-to-end intelligence platform called FourKites X. Massive Inventory Levels Are Crashing Against Signs of an Economic Recession.

Quality 52

Quality Supply Chain Planning Software Procurement Solutions Procurement Analytics 52

Synovos

FEBRUARY 21, 2023

I have spent a great deal of time talking to engineers, maintenance and procurement professionals involved in MRO,” says Will Brummett, Vice President of Sales, North America, for RS Integrated Supply. “I Calculate Total Cost of Ownership 68% said managed inventory services provided better visibility of stock and spend. The solution?

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Inventory Reduction Price Reduction 52

Supply Chain Game Changer

SEPTEMBER 12, 2022

Fittingly our very first article was set up to introduce The Supply Chain Detective and the concept of investigative analysis and problem resolution in this arena. The company had hired a new Chief Procurement Officer. The Supply Chain Detective and the Inventory Turnover Mystery! The Supply Chain Detective !

Supply Chain Software 83

Supply Chain Software Supply Chain Planning Supply Chain S&OP 83

QAD

MAY 23, 2023

As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supply chain digitization will be the most likely to succeed. In a recent BearingPoint survey, a whopping 85% of companies attribute their move to sustainable procurement practices to government regulations.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

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

Supply Chain Game Changer

OCTOBER 8, 2020

Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. This is a lot to absorb in this short article, but it should be considered seriously by those intending to be operationally competitive in the logistics market moving forward. Subscribe to Supply Chain Game Changer.

Predictive Analytics Software 74

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Supply Chain Game Changer

FEBRUARY 1, 2022

Featuring Our Top 16 Articles on Freight and Logistics! ” Shopify says it is “the process of coordinating and moving resources – people, materials, inventory, and equipment – from one location to storage at the desired destination.” Originally published on February 1, 2022. Subscribe Here! Email Address.

Logistics Network Optimization Software 89

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Supply Chain Game Changer

OCTOBER 10, 2022

Likewise, any military service looks great on a resume, particularly if it’s related to in-service duties in inventory management or dispatching. What a particular company calls an inventory expert might not match up with how other corporations in the industry use the term. Explore Jobs Within the Niche.

Education 96

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Supply Chain Game Changer

AUGUST 21, 2022

“ Make sure you read our 2022 Top 10 articles, along with a bonus article, which are amongst our best ever! We will start off our Top “10” list with a Bonus article. This article was published later in the first half of the year. Our 10 Best Articles! Our 10 Best Articles!

Supply Chain Strategy 113

Supply Chain Strategy Supply Chain Software Material Savings Video 113

Supply Chain Game Changer

SEPTEMBER 5, 2022

Another typical holdback is that many companies still believe supply chain visibility is an operations and procurement function and relegate it to that silo to manage. Multi-tier Supply Chain Visibility article and permission to publish here provided by Bryce Boothby. Siloed decision making.

Supply Chain Visibility 95

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Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. Freight broker and freight agent article and permission to publish here provided by Claire Glassman. Originally written for Supply Chain Game Changer and published on July 27, 2022.

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

Supply Chain Game Changer

FEBRUARY 25, 2022

Once you have a checklist ready, you can start procuring them step by step. For example, it does not take an advanced degree like a supply chain management MBA degree to know that you need a good inventory and transit system for successfully running a supply chain. Evaluate Competition. appeared first on Supply Chain Game Changer™.

Supply Chain Planning Software 107

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The Logistics & Supply Chain Management Society

JULY 13, 2021

It predicts that by 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory, and shipment tracking. According to IDC’s 2020 Supply Chain Survey – 72.8%

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

New Horizon Supply Chain Blog

MAY 25, 2022

After all, if they are in the business of procuring and distributing food, and consumers are spending more and more of their food dollar in foodservice establishments, why not distribute food to restaurants to meet the consumer where they are? Source: Data from USDA Economic Research Service Food Expenditure Series.

Distribution 52

Distribution Supply Chain Planning Software Fort Worth Supply and Demand 52

Turvo

MARCH 3, 2022

With demand outstripping global container supply, the shortfall is predicted to last at least until June 2022 , if not longer. As a workaround, some truckers and intermediaries perform a street turn, using the empty containers from their import loads to carry inventory meant for export.

Optimization Software 52

Optimization Software Supply Chain Network Software Analytics Software Predictive Analytics Software 52

ShipBob

SEPTEMBER 25, 2023

Note: This article is solely for informational purposes and does not constitute legal advice. The rest of this article provides general information on shipping CBD products. billion USD in 2022. Fulfill and ship customer orders You’ll need a system for warehousing your CBD products and managing inventory over time.

How To 98

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ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. You can use that when it’s time to reorder inventory, and not order as much of that SKU to save warehousing space and reduce inventory holding costs.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

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DynaSys

DECEMBER 8, 2021

In the previous article, we covered the Future of Digital Supply Chains, Agile, connected and sustainable and the QAD DynaSys senior product management team’s vision of Digital Supply Chain Planning. . The goal with production restart was not to produce too much of the wrong inventory. David Bourgoin] Yes, definitely.

S&OP 52

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

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. In this article, we uncover the essential practices that empower organizations to address liquidity challenges and capitalize on strategic opportunities proactively.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Precoro

NOVEMBER 27, 2023

billion in 2022, and it is expected to reach around USD 77.43 In this article, we try to find answers and offer tips to help you find the optimal choice for your medical institution. Moreover, with procurement software, it’s also possible to track supplies and approve new purchases anytime, anywhere. billion by 2032.

Procurement Solutions 59

Procurement Solutions Prescriptive Analytics Software Analytics Software Optimization Software 59