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

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Supply Chain Shaman

AUGUST 18, 2022

Through a series of meetings to drive consensus, the team degraded the quality of the demand plan by 27%. (In They had never been in the same room to discuss demand holistically from sales teams to procurement. We will display the images of the different rivers at the Supply Chain I nsights Global Summit and Blaze 2022.)

Supply and Demand 251

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 251

Logility

JULY 14, 2022

ATLANTA, GA (July 14, 2022) – Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, has been honored by Supply & Demand Chain Executive , the only publication covering the entire global supply chain, as a recipient of the Top Supply Chain Projects Award for 2022. supply chains.”

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173

Synovos

NOVEMBER 10, 2023

The objective of the EcoVadis methodology is to measure the quality of a company’s sustainability management system through its policies, actions, and results. The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement.

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Optimal Sourcing Groups Manufacturing Procurement 105

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

NC State SCRC

NOVEMBER 29, 2023

During her 24 years at Honda of America, she helped implement many of the supply chain best practices that have now become renowned, including cost modeling, supplier development, supplier quality assurance, lean manufacturing, and many others, which evolved under the original North America leadership of Dave Nelson. another industry leader.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 52

Intelligent Audit

JANUARY 11, 2022

The state of supply chain tech in 2022, or supply chain technology, will be one for the record books. That’s why it’s important to have an objective view of what’s happening to supply chain tech in 2022 and what it means for your organization’s future. The Foundation of Supply Chain Tech: The Supply Chain as a Service Will Get Bigger.

Supply Chain Planning Software 52

Supply Chain Planning Software Prescriptive Analytics Software Logistics Network Optimization Software Predictive Analytics Software 52

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain Matters

MARCH 5, 2022

The Supply Chain Matters blog features our March 5, 2022 edition of This Week in Supply Chain Management Tech , a synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership. Names included in this edition include: RightHand Robotics.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Prescriptive Analytics Software 52

ToolsGroup

SEPTEMBER 20, 2022

That way, companies achieve maximized equipment availability and deliver high-quality products. Optimize spare part inventories. Performing Real-Time Quality Checks. As competition increases, companies worldwide focus on delivering quality products through lean manufacturing strategies. Quality Inspection Cameras.

Manufacturing Procurement 156

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

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

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. LogiSYM Supply Chain Magazine – August 2022.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

SCMDOJO

AUGUST 16, 2023

Read More: ERP Master Data: A Guide to Improve Quality & Governance ] Role of Data Analysis through Barcode Scanning and Point-of-Sale Systems Data analysis is at the core of Walmart’s supply chain prowess.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 79

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

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 107

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 107

ShipBob

JUNE 29, 2022

This makes it crucial to have high-quality professional pictures that will allow them to see the product at different angles and in the best light possible. . Ideally, your order management system should also integrate with your inventory management system. Here’s an example of how professional product photos might look.

Inventory Management Software 52

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

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. Key Takeaway.

Supply Chain Planning Software 115

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

Procurement Academy

MARCH 2, 2023

After implementing several new procurement processes, Group Director Purchasing, Nicolas Robardet, identified a number of competencies which required development within the team. The results Ewellix launched the training to their procurement and supply chain team in early November 2022 and have already seen results.

Case Study 52

Case Study Purchasing Training Negotiating Skills Buyer Training 52

Unleashed

AUGUST 20, 2023

Lead time includes both the time it takes to complete the standard process tasks and any delays that might occur due to various factors, such as supply chain disruptions, machine downtime, or unexpected quality issues. It includes everything from the procurement of raw materials to production, inventory management, and shipping.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

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

Supply Chain Design Supply Chain Planning Supply Chain Strategy Manufacturing Procurement 114

Supply Chain Matters

JANUARY 6, 2023

percent in 2022 and 9.7 The value of the US Dollar consistently increasing during 2022 against other global currencies, providing added headwinds to counties and businesses globally in the form of added inflationary cost pressures. Morgan Manufacturing PMI® which began 2022 at an expansionary conditions value of 54.2,

Predictive Analytics Software 98

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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

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

QAD

MAY 31, 2022

Since the beginning of the industrial revolution, manufacturers have been trying to devise ways to accomplish this goal while maintaining the integrity of product quality, managing changes in the market and maximizing profits. Inventory Management. Inventory managers look to produce just the right amount of product based on demand.

S&OP 92

S&OP Supply and Demand Manufacturing Procurement Supply Chain Planning Software 92

QAD

MAY 23, 2023

ESG Regulations are Driving Investment in Sustainable Procurement Regardless of where you stand on the ethics behind ESG issues, you’d think consumer demand would be a clear driver for sustainable product development. Compliance appears to be a significantly larger driver for sustainable procurement than ethics or consumer demand.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

Unleashed

OCTOBER 27, 2020

The key regulatory standards now at play in the medical device industry include: ISO 13485:2016 – The International Organisation for Standardisation’s requirements for medical device quality management systems. These are authorised medical products that fail to meet either their quality standards or specifications, or both; or.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Manufacturing Inventory Management Software 105

Supply Chain Matters

JANUARY 3, 2024

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. percent in 2022, to 3 percent in 2023, and consequently contract to 2.9 trillion (or five percent) compared to a record high level in 2022. percent in 2024.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

Supply Chain Matters

APRIL 18, 2022

According to the announcement , Amoretty joined the company’s senior leadership team tasked to develop a production, operations and procurement vision for its supply chain to ensure multi-year growth, product line expansion plans and profitability. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Modeling 52

Modeling Apparel Modeling Software Supply Chain Planning Software 52

Supply Chain Matters

DECEMBER 13, 2022

Current Year 2022. The basis of our Ferrari Consulting and Research Group 2022 Predictions for Industry and Global Supply Chains in 2022 was the theme of ‘ Reexamination ’ which was a spillover of the escalation of global wide disruptions, supply chain driven cost inflation and critical parts shortages leading to lost revenue growth.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Optimization Supply Chain Software Supply Chain Strategy 52

Supply Chain Matters

SEPTEMBER 23, 2022

Implied is that these vehicles will remain as factory inventory until needed components arrive and customer or dealer orders can then be fulfilled. The company expects to be able to complete these vehicles in the fourth quarter and has indicated ongoing confidence in its overall 2022 adjusted EBIT forecast in the range of $11.5

Cost Reduction Strategies 59

Cost Reduction Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Planning Software 59

Supply Chain Matters

JUNE 15, 2023

Our Maine associates have proven that high-quality athletic footwear can be produced in the U.S. billion in sales reported for 2022. presence differentiates this company from the competition, in the perceptions of made domestically and in higher quality. and global consumer demand and drive future business growth.”

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Manufacturing Sourcing Strategies 52

ThroughPut

FEBRUARY 17, 2022

A recent study by Harvard Business Review Analytic Services and GEP, reinforces this fact as more than 72% of companies believe their key supply chain capabilities including supply planning, demand planning, warehousing and logistics, procurement, and inventory management ought to be digitally immature. Optimised operating costs.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

FEBRUARY 1, 2022

” 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.” The planning, procurement, ordering, manufacturing, supply and distribution of masks , PPE (personal protective equipment), equipment (eg.

Logistics Network Optimization Software 89

Logistics Network Optimization Software Logistics Resource Reduction Military 89

ShipBob

SEPTEMBER 25, 2023

This form of CBD contains additional compounds that are not found in CBD isolate, so broad-spectrum CBD can help relieve pain, improve skin health, reduce anxiety, and increase sleep quality. billion USD in 2022. Find a certified supplier Because CBD isn’t regulated by the FDA, not all CBD products are high-quality.

How To 98

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Supply Chain Matters

JULY 6, 2022

Toyota Motor reported a 19 percent decline in total sales for the first six months of this year while Hyundai Motor reported a 23 percent decline in second quarter sales and a 16 percent sales reduction for the first half of 2022. Steep transportation cost increases and shipping delays added to inventory management challenges.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

Supply Chain Matters

JUNE 16, 2022

The Logistics Managers Index for May indicated that inventory costs are now one-third higher than they were last year. CFO ’s, if they have already done so, will be calling for a comprehensive inventory management analysis, especially if prior decisions were made to take on added inventory as a supply network risk mitigation measure.

Material Savings 52

Material Savings Inventory Reduction Cost Reduction Strategies Price Reduction 52

QAD

MARCH 9, 2023

When manufacturers planned for 2022, they did not foresee that energy prices would skyrocket by 40% in Europe and 23% in the US and that inflation would run at 8-10%, depending on the region.” The cost of doing business isn’t what it once was, but companies often feel their hands are tied.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95