Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Supply Chain Game Changer

NOVEMBER 3, 2022

Financial Information Monitoring. Modern bookkeeping systems are a perfect tool for monitoring the financial information of your company that might help you improve supply chain cost control. Real-Time Information Sharing. Real-time information sharing is a critical element of supply chain management.

Supply Chain Planning Software 115

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

Logistics Viewpoints

JUNE 1, 2023

In March 2022, online shopping was up 27% over the previous year. From the start of the pandemic until March 2022, online shopping went up by 33%. In 2022 overall, U.S. Advanced machine learning (ML) technology is needed to reveal hidden patterns and correlations, facilitating accurate predictions and informed decisions.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Procurement Academy

OCTOBER 11, 2023

In the aftermath of the pandemic, the amount businesses were spending on upskilling their employees saw a slight decline, but in 2022, this trend strongly reversed with US-based businesses spending an average of over $1,200 on training programs. Alongside this informal feedback, learners should be provided with more formal reviews.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? Energy Information Agency , U.S. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that That’s an astonishing $933.30 According to the?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach. What can be done to help scale my business better amidst today’s volatility?

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 72

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. Vendor-Managed Inventory (VMI) and Its Benefits Walmart’s adoption of Vendor-Managed Inventory (VMI) has been another critical information technology-driven initiative.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 75

Supply Chain Game Changer

OCTOBER 4, 2022

Communication is also essential; a competent project manager should provide the program’s latest information to internal and external workers, as well as act as a liaison between clients and the organization. Customer service is a critical resource for receiving not only factual information but also scheduling and product availability.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

ShipBob

APRIL 26, 2023

Make sure you have an accurate idea of lead times in relation to your production and procurement processes. Use data and KPIs to identify pressure points Keeping a close eye on your supply chain metrics is another crucial step as this allows you to identify areas that may look problematic and need improvement.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Supply Chain Matters

FEBRUARY 14, 2024

billion profitability performance during 2022. As echoed in Maersk ’s latest acknowledgement, the disruption is not of the magnitude of 2021-2022 global wide disruptions. Scenario and simulation based planning methods that quantify and weight various short and longer term impacts of global events toward key business metrics.

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

ToolsGroup

SEPTEMBER 20, 2022

Let’s delve into the five ways manufacturers are uncovering success by using AI to process information faster and perform more complex roles. Check out the 2022 Digital Transformation Survey to see how your industry peers are planning or implementing digital transformation strategies. Optimizing Equipment Maintenance.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

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. In March 2022, the U.S. There is no denying that companies with green supply chains are becoming more and more the norm. Is packaging and delivery eco-friendly?

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

ThroughPut

OCTOBER 20, 2022

PALO ALTO, CA, October 20, 2022 /PRNewswire/ — ThroughPut Inc. , Organizations can rapidly identify distribution routes that do not meet OTIF metrics, are congested, or are simply unprofitable – not only at the supplier level but also at the product and store level. PR Contact. Tina Jacobs. pr@throughput.ai. About ThroughPut Inc.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). What synergies exist between us? (

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Map all supplying sites. Measure water usage at all supplying sites.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

MAY 27, 2021

Absolute targets create quantitative, time-bound Scope 3 impact goals, such as when a company commits to a 30% reduction of Scope 3 emissions by 2022 from 2015 levels, or PMI’s commitment to achieving carbon neutrality in operations by 2030 and the entire value chain by 2050. Elevate the Role of Procurement.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 52

SupplyShift

MAY 27, 2021

Absolute targets create quantitative, time-bound Scope 3 impact goals, such as when a company commits to a 30% reduction of Scope 3 emissions by 2022 from 2015 levels, or PMI’s commitment to achieving carbon neutrality in operations by 2030 and the entire value chain by 2050.

Resource Reduction 40

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 40

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

ToolsGroup

APRIL 1, 2022

In this blog post, we’ve compiled a list of over 100 supply chain crisis statistics to help you stay informed and build a more agile, resilient supply chain. Cotton production in India could dip 4% from 2021, down to 34 million bales in the 2021/2022 marketing year. A variety of chips will remain in short supply throughout 2022.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. .

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Logility

OCTOBER 6, 2023

The primary business drivers to moving to the cloud are: Leveraging a network of data and information – A cloud environment creates enormous value for the supply chain by leveraging a network of data and information to allow greater collaboration and continuous innovation.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

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. But as the world moves on and we launch into 2022, the IDC expects investment in IoT to not only increase again (from 8.2% Read more: The 10 Procurement Metrics that Matter in 2021.

Inventory Management Software 80

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

Aera Technology

AUGUST 16, 2018

percent CAGR through 2022. Merck utilizes this harmonized, real-time information?—?everything In contrast, AI can automatically generate a “supply chain map,” showing details about an order that include metrics like allocated quantity and expected delivery date. to optimize its operations.

Pharmaceutical 40

Pharmaceutical Supply Chain Planning Software Supply Chain Software Forecasting Software 40

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 121

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 121

Taulia

JULY 11, 2023

A 2022 paper commissioned by Dun & Bradstreet found that companies failing to meet their ESG goals faced tangible challenges that can lead directly to increased operational and financial risk. A 2022 survey by EY revealed that eight in ten supply chain executives are increasing their efforts toward sustainable supply chain operations.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40

o9 Solutions

NOVEMBER 10, 2022

Within an organization, sustainability data is found in environmental, procurement, financial, product lifecycle, regulatory compliance, human resource management, ERP, and logistics systems (e.g., And as a result, the ecosystem as a whole cannot optimally benefit from available information. WMS and TMS).

Supply Chain Planning Software 52

Supply Chain Planning Software Data Optimal Sourcing Procurement Analytics 52

SupplyShift

MAY 19, 2023

With the establishment of the Taskforce on Nature-related Financial Disclosures (TNFD) in 2021 and the Kunming-Montreal Global Biodiversity Framework (GBF) in 2022, businesses have more guidance in setting sustainability goals and targets as well as increased motivations to reverse and prevent loss of biodiversity.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Resource Reduction Material Savings 52

Elementum

AUGUST 17, 2022

It’s 2022, and there is software on the market for every situation—including software that meets the needs of supply chain management (SCM). This includes everything from the procurement of raw materials to the delivery of finished products. Supply chains are complicated and delicate. What Is Supply Chain Management?

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Communication of this kind will prevent any procurement delays. Metrics such as rework rates or defective products help you understand how well your operations are working.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

Claritum

NOVEMBER 28, 2016

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement.

Optimal Sourcing 50

Optimal Sourcing Cost Reduction Strategies Vendor Strategies Procurement 50

E2open

DECEMBER 8, 2022

8, 2022 – E2open Parent Holdings, Inc. New rebate analytics allow channel partners to track key sales and rebate metrics to drive more business, deliver a higher return on brand owner incentive spend, and increase partner satisfaction and compliance. AUSTIN, Texas – Dec. Rapid return on investment starts with speedy implementation.

Supply Chain Network Software 60

Supply Chain Network Software Supply Chain Planning Software Analytics Software Forecasting Software 60

HICX Solutions

SEPTEMBER 30, 2022

The Procurement and Supply Chain industries have gone through many changes in the last couple of years, due to both external and internal factors, such as the COVID-19 pandemic, supply chain disruptions, adoption of technological advancements, and so on – all in the hopes of making the functions more strategic, efficient and effective.

Survey 52

Survey Procurement Analytics Optimal Sourcing Supply Chain Software 52

Proxima

MAY 30, 2023

Tread carefully: you’ll need to plan time in your procurement to test and contract accordingly. This covers discrimination against race, colour, national origin, religion, sex (including pregnancy, sexual orientation, and gender identity), disability, age (40 or older), and genetic information.

Procurement 52

Procurement New York City Vendor Strategies New York 52

Intelligent Audit

NOVEMBER 10, 2021

The high priority focus on RFPs and carrier network optimization will continue to impact services and shipping protocols well into 2022 and beyond. Be transparent about goals and set clear parameters regarding volume expectations, performance, success rates, and other critical metric milestones.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 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

Unleashed

DECEMBER 20, 2022

Our own research into anonymous data from over 4000 customers found that SMEs in the UK, NZ, and Australia were forced to hold record levels of stock in Q3 2022. Consider these factors when creating your eCommerce business plan: Which KPIs and metrics you’ll track for each area of the business.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96