Logility

MARCH 21, 2023

According to Deloitte’s Q4 2022 CFO Signals survey , only 29% of CFOs believe now is a good time to take on greater risk, which lags far behind a two-year average of approximately 50%. But at the end of the day, both CFOs and chief supply chain officers (CSCOs) have the same common goal: meeting or exceeding the targets for corporate margins.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

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

Supply Chain Game Changer

NOVEMBER 3, 2022

This information can help companies manage inventory levels and improve customer service and engagement. For example, if you want to improve customer satisfaction in the supply chain, you could use data analytics to track and measure key metrics like delivery time or order accuracy rates. The post The Role of IT in Supply Chain!

Supply Chain Planning Software 115

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

Unleashed

APRIL 11, 2024

US manufacturing activity expands for first time since 2022. That’s why AOV is an essential metric to improve. Inventory and marketing costs can be insidious parasites, gnawing at your margins. If dead stock is consuming vital inventory space in your warehouse try bundling your slowest-moving items with best-sellers.

Waste Reduction 52

Waste Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

AUGUST 21, 2022

In today’s market, logistics is essential to meet customer needs and remain competitive. In addition to product management, logistics also includes inventory management. The planning and management of production spaces and stages are crucial to keeping the products in stock and meeting customer demands.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. More time and energy is spent on forecasts to reduce inventory that is no longer in use. A slow-moving crisis. Download Now! Route Optimization. Schedule Demo.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Supply Chain Shaman

JULY 21, 2022

In business conversations, the term supply chain excellence rolls off the tongue frequently in meetings, but what does it mean? The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. My insight?

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

Elementum

AUGUST 3, 2022

Supply Chain Management Process Supply chain management is a set of steps to convert raw materials into the final product to meet customers’ demands. The process aims to maximize companies’ profits and meet the demand for products or services.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Planning 78

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Optimize spare part inventories.

Manufacturing Procurement 156

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

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Unleashed

AUGUST 20, 2023

Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

crisp

OCTOBER 31, 2023

At this time – with a need for visibility into their expanding supply chain – sales and inventory insights were more necessary than ever. Casey, who had previously utilized Crisp in another Portland food org, Brazi Bites , championed the tool’s internal adoption to meet Honey Mama’s growing demand and strategize further expansion. “We

Portland 52

Portland Optimal Sourcing Oregon Waste Reduction 52

Elementum

SEPTEMBER 6, 2022

Accepted inefficient practices and conditions often include: Manual data entry errors Raw material wastage High instances of substandard products Bottlenecks in logistics and production Recurring variances or exceptions Inventory overstocks Businesses must be proactive in resolving these difficulties.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

AB&R

MARCH 4, 2022

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. Replacing fixed workstations with mobile receiving carts also frees up valuable warehouse space, which can help boost dock-to-stock cycles and eliminate bottlenecks in inventory management. Inaccurate inventory data. Conclusion.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 52

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

BlueYonder

FEBRUARY 17, 2022

Impact: Transportation leaders are looking to expand private fleets and control more of their supply lanes for cost containment and sustainability, while distribution leaders are more open to carrying higher levels of inventory and more. Resource optimization : optimizing everything from labor, facilities, equipment, and inventory to win.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Arena Solutions

APRIL 4, 2023

The global cobot market size is estimated to be worth $866 million in 2022 and is forecasted to a readjusted size of $1682 million by 2028. Metrics monitoring Real-time data can be accessed globally using cloud computing. Moving to the Cloud helps manufacturers meet many mandatory data compliance requirements.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Unleashed

FEBRUARY 6, 2023

For decades, many organisations relied on Just In Time (JIT) inventory control. Then along came a global pandemic; product businesses had to reconsider what defined ideal inventory management. Like any inventory control model, JIC should be considered on a case-by-case basis, depending on your company’s requirements.

Material Savings 52

Material Savings Inventory Reduction Modeling Cost Reduction Strategies 52

Supply Chain Trend

DECEMBER 22, 2023

In February 2022, I wrote the first of a five blog series using the name Intelligent IBP. The launch of a Decision Intelligence (DI) definition by Gartner later in 2022 further cemented my believe that this new discipline will become mainstream. Decision quality will become a performance metric in IBP.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Precoro

MAY 22, 2023

growth in global IT spending from 2022. It plays a vital role in managing an organization's inventory of IT assets, reducing redundancy, and lowering the risk of downtime or service interruptions. Together, they can ensure that new hardware and software meet the organization's needs. Gartner anticipates a 5.5%

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

ThroughPut

SEPTEMBER 29, 2022

PALO ALTO, CA, September 29, 2022 /PRNewswire/ — ThroughPut Inc. , Dual Cascading Waterfalls: This graph compares the contributions of each area of impact on the net profit metric to assimilate all the interrelationships and dependencies that are an inherent part of the modern supply chain. Key Financial Capabilities.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Resource Reduction Inventory Reduction 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.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

Ware2Go

APRIL 11, 2023

Even with increased demand for 1 to 2-day delivery , advancements in the logistics industry enable merchants to stock their inventory closer to their customers to lower time in transit and reduce next day air shipments (which emit nearly 6 times more carbon than ground shipments). In 2022 alone, eCommerce returns generated 9.5

Examples 52

Examples Sustainability Purchasing Skills Retail 52

Elementum

AUGUST 16, 2022

Below, a few historical and forward-looking metrics that illustrate just how apt the “stampede” metaphor really is: 61% of businesses migrated their workloads to cloud-based computing in 2020. Here are some representative metrics from a few of the titans: Amazon Web Services had a 34% share of the enterprise cloud adoption in 2022.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Modeling Software Predictive Analytics Software 78

Cognira

DECEMBER 20, 2022

December 20, 2022. Cutting Unnecessary Inventory: By using more accurate forecasts, retailers can cut back on unnecessary manufacturing and purchases. At Cognira , our PromoAI Solution helps retailers reduce up to 25% of their waste and save on inventory. The Pressure is on – Why Retailers Need to Take Action on Green Retailing.

Waste Reduction 52

Waste Reduction Inventory Reduction Expense Reduction Material Savings 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

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

ToolsGroup

APRIL 1, 2022

Industry professionals have put in tireless hours and taken strategic measures to keep the supply chain moving and meet customer demand. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? Techniques for 2022. But excess inventory also comes with a variety of problems. Less waste.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

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. The answer is simple — it helps companies meet short-term obligations while positioning for long-term growth and success. But why is liquidity management so important?

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Intelligent Audit

FEBRUARY 3, 2022

With the volatility of 2021 still in mind and uncertainty heading into 2022, the whole industry feels a bit apprehensive. Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Then, correcting those anomalies reduces shipping costs in 2022 and beyond. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Logistics Viewpoints

APRIL 28, 2023

That was primarily due to retailers working on emptying warehouses of older inventory and shippers continuing to move more freight to East Coast ports because of concerns over the slow pace of labor talks between the Pacific Maritime Association and the International Longshore and Warehouse Union. Generating the full 185.6

Material Savings 202

Material Savings Purchasing Skills Logistics Network Optimization Software Logistics 202

ModusLink Corporation

DECEMBER 13, 2022

Just-in-time inventory philosophies have fallen short and resulted in lost site supply for warehousing and distribution centers, and the post-COVID consumer is more conscious of their decisions. Stay Flexible With Multi-Location Inventory Management. Fulfillment. Introduction. The risk of the next disruption is just around the corner.

Inventory Reduction 78

Inventory Reduction Resource Reduction Waste Reduction Material Savings 78

Aera Technology

AUGUST 16, 2018

percent CAGR through 2022. By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility. That could include inventory data, supplier performance, demand fluctuations and even weather or road conditions.

Pharmaceutical 40

Pharmaceutical Supply Chain Planning Software Supply Chain Software Forecasting Software 40

Locus

MAY 25, 2022

The above statement is spot on, largely because of its subtext: Customers spend their money elsewhere because they are not happy with how companies meet their expectations. The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. Sam Walton.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Locus

MAY 25, 2023

In a survey conducted in 2022 of US consumers, 55% of them stated that direct delivery to home is the biggest driver of online purchase. It is an ideal order quantity that a company needs to satisfy a given level of demand, minimize inventory costs, and avoid stockouts. It is the cost incurred to store an inventory.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Waste Reduction 52

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. Rethink inventory management strategy Sustainability and optimal inventory levels go hand in hand.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40