EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. Read on to learn more about how the best eSourcing software can support green supply chain management, and the benefits of opting for green supply chains. .

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. In the case of manufacturers, it means procuring green and sustainable raw materials. The post Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022 appeared first on Locus Blog. A slow-moving crisis. Route Optimization. Schedule Demo.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Logistics Viewpoints

FEBRUARY 3, 2022

Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. JIT isn’t the main problem, and JIC isn’t a solution. For example, they reduced inventory planned for first quarter 2022 by $120M due to more accurate estimates of levels needed. A change to one link (e.g. on-time delivery).

Inventory Reduction 291

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 291

Logistics Viewpoints

NOVEMBER 21, 2022

294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Their distribution approach varies country-to-country. But in North America, distribution is predominately through their company-owned fleet. In most markets, however, third parties are used for distribution.

Supply Chain Design Software 189

Supply Chain Design Software Purchasing Skills North America Resource Reduction 189

BlueYonder

FEBRUARY 17, 2022

Focus on warehouse automation has come full circle since the last big automation movement of the ‘90s, but today with a significantly better set of tools and technological improvements enabling more robust digital transformation and warehouse automation. Investments in Transportation solutions is imperative.

Supply Chain Planning Software 69

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 69

Gravity Supply Chain

MAY 20, 2022

Spire and Gravity Supply Chain solutions helping restore flow of goods by giving customers more visibility and greater confidence to accurately predict delivery times. ” Providing solutions in the context of this reality is critical, and together Spire and Gravity Supply Chain Solutions are working to restore the global supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Arena Solutions

APRIL 4, 2023

As the list of new technologies and innovative software solutions keeps mounting, graduates are excited by the prospects of learning and using new technologies like cloud CAD/CAM software, 3D printing, cloud-native product lifecycle management (PLM), quality management systems (QMS), and robotics. is a highly complex process.

Manufacturing Procurement 75

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 75

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. Efficient Supply Chain Practices: Automated Distribution Centers and Computerized Inventory Systems Automation is a key component of Walmart’s efficient supply chain practices.

Inventory Reduction 77

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 77

Cognira

DECEMBER 20, 2022

December 20, 2022. According to a study conducted by Cone Communications: 87% of customers are confessing that they will purchase a product because a company advocated for an issue they cared about. 76% of customers will refuse to purchase a company’s products or services upon learning it supported an issue contrary to their beliefs.

Waste Reduction 52

Waste Reduction Inventory Reduction Expense Reduction Material Savings 52

Logility

OCTOBER 6, 2023

Integrations include cloud ERP systems, data warehouse solutions, or big data systems – such as Microsoft Azure Synapse and Snowflake – or can be driven by events or web services that make the platform more responsive. What do these drivers and advantages mean for my business?

Supply Chain Planning Software 191

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 191

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 order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Locus

DECEMBER 15, 2022

After incomplete deliveries, the order returns to the distribution center and the delivery should be reattempted. If you deal with delivery exceptions as an opportunity to improve post-purchase customer experience, it helps you get back your customers. As a result, it increases your warehouse storage and delivery logistics costs.

Real-time Visibility 52

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

Unleashed

JUNE 23, 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. Easily connect high-value tools that utilise new data capabilities, like ERP, inventory management for manufacturers, smart accounting software, CRM, etc. Cloud technology accelerates.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Locus

MAY 25, 2022

The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. consumer shipping companies: Customer experience 2017-2022. – Consumer experience with consumer shipping companies in the United States from 2017 to 2022, Statista, 2022. .

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Cognira

SEPTEMBER 25, 2023

The rewards include repeat purchases, new loyalty program sign-ups, and heightened profitability—all by effectively leveraging your brand’s reputation. It involves exploring various metrics and dimensions to identify the demographics of your target customers. Understanding the competitive landscape is crucial.

Price Reduction 52

Price Reduction Retail Inventory Reduction Waste Reduction 52

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. The O2C cycle starts when a customer makes a purchase and runs through the company’s entire order processing system.”

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Procurement Analytics Manufacturing Procurement 94

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. I had to transcend beyond the mechanics of Supply Chain Management and apply the tool and techniques associated with the Art of Supply Chain Management. Infographic).

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

Unleashed

JANUARY 25, 2023

In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. It allows a business to progress and make the purchases necessary to perform and scale with maximum efficiency. Offer bulk-purchase discounts or throw a 2-for-1 sale.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

Enterra Insights

AUGUST 19, 2020

It spans the purchase of raw materials to the final delivery of the merchandise to the customer, including the intermediate processing of the goods. It’s a discipline centered on the storage, transportation, and distribution of products. Which data metrics are most relevant to your demand forecasting? ”[1]. They are: 1.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Analytics Software 100

Intelligent Audit

FEBRUARY 17, 2022

Maersk , a global leader in transportation, supply chain and logistics management, and general freight, announced February 9, 2022, “The intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based Why Did Maersk Acquire Pilot Services? While a nice outlook, it is subject to change. Speak to an expert today. .

Logistics Network Optimization Software 52

Logistics Network Optimization Software Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. In January 2022, the variable cost incurred was $3,000, which includes the raw material, electricity, and labor. Profit is secured when cost per unit < price per unit.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Taulia

JULY 14, 2023

In other words, it’s money owed to a business from its customers’ credit purchases. Companies can distribute data more effectively by making data available to all stakeholders on a centralized digital ERP platform and using appropriate permissions to control who can view data. But before then, their value isn’t typically accessible.

Procurement Analytics 52

Procurement Analytics Report Forecasting Software How To 52

Unleashed

DECEMBER 20, 2022

This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. Services: Professional services that may be purchased over the internet. Popular categories include business software, office supplies, construction materials, and shipping services.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96