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. ? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

The core departments included in SIOP are sales, demand planning, supply planning, purchasing, marketing, finance and lastly and most importantly, executive leadership. In SIOP, accountability is a huge part of achieving desired outcomes, improving monthly metrics and satisfying the customer needs. About the Author.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Unleashed

APRIL 11, 2024

The Guardian reports that the Victoria Unboxed project will hope to eliminate invisible waste from supply chains by replacing cardboard produce boxes with reusable plastic crates. US manufacturing activity expands for first time since 2022. The latest ISM Manufacturing PMI report registered an unexpectedly high 50.3%

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. Smart logistics strategies can reduce wastage and improve operational costs. The planning and management of production spaces and stages are crucial to keeping the products in stock and meeting customer demands. Supply Chain 4.0

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Arena Solutions

OCTOBER 12, 2023

In 2022 alone, the global aerospace and defense market size has grown from $795.92 Meet Arena’s internal audit expert To ensure your PLM, QMS, and everything in between are aligned, an internal audit is an indispensable tool to effectively help you understand how your company is performing and prepare your team for imminent audits.

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

Locus

JULY 24, 2023

For instance, 41% of global shoppers expect same-day delivery for their purchases. Load matching assigns the most suitable carrier to meet the unique demands of each delivery. Cost Considerations: A significant financial and environmental cost for shippers and carriers hides as empty miles.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Optimization Software Logistics Network Optimization 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

Unleashed

JANUARY 24, 2022

Techniques for 2022 What is MRO inventory? For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low. MRO inventory can account for a sizeable portion of a business’ total procurement spend.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

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. Circular supply chains are supported, and end-of-life scenarios are predicted. While the COVID-19 pandemic brought down CO2 emissions by 5 percent —to 34.81

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Logistics Viewpoints

NOVEMBER 21, 2022

294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Scope 2 emissions are indirect emissions from purchased energy. They have asked they value chain partners to take four actions: Report their scope 1 and 2 emissions by the end of 2022. PepsiCo’s Internal Supply Chain.

Supply Chain Design Software 188

Supply Chain Design Software Purchasing Skills North America Resource Reduction 188

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. As we adhered to shelter-in-place orders from the CDC (Centers for Disease Control), each of us were purchasing more products and services online at a faster adoption rate than ever before.

Supply Chain Planning Software 70

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

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. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

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

Ware2Go

APRIL 11, 2023

The return rate on ecommerce orders can be up to 35% higher than in-store purchases, and the method of return varies — from scheduled carrier pickups, to in-store returns, to dropoff centers. In 2022 alone, eCommerce returns generated 9.5 This likely does not account for the impact of reverse logistics. million cars to the road.

Examples 52

Examples Sustainability Purchasing Skills Retail 52

Supply Chain Game Changer

OCTOBER 1, 2022

Transportation of products for deliveries and staff for meetings is smoother with fleets. A functional digital tachograph can measure significant metrics like speed, driving time, and driver’s activity. The increasing cost of fuel, car maintenance and purchasing of vehicles can drain a company’s resources.

Supply Chain Software 97

Supply Chain Software Logistics Network Optimization Software Procurement Solutions Tools 97

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. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 74

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. 4 Due to their low cost and simple design, cobots are also becoming widely used in supply chain management. Metrics monitoring Real-time data can be accessed globally using cloud computing.

Manufacturing Procurement 73

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 73

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

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

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

Logistics Viewpoints

APRIL 28, 2023

Unseasonably cold weather in Spain slowed down the growing of peppers, leading to Morrisons limiting purchases to two per customer. Long Beach saw a 30 percent decline from 2022 as the port processed 603,878 containers compared with 863,156. households each year, a new report has found. million U.S. Generating the full 185.6

Material Savings 202

Material Savings Purchasing Skills Logistics Network Optimization Software Logistics 202

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. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

FEBRUARY 6, 2023

If you’re purchasing in large quantities, suppliers will typically offer discounts and reduced shipping costs. Just in Case stock control helps businesses ensure there is always enough product availability to meet customer demand. Here are a few of the more common ones: Less risk of lost sales. Better supplier rates.

Material Savings 52

Material Savings Inventory Reduction Modeling Cost Reduction Strategies 52

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. . or a contractual relationship.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Logility

OCTOBER 6, 2023

In a 2022 study conducted by Accenture entitled, “ How the cloud boosts supply chain innovation” , they found that 60% of cloud leaders are outperforming their competitors in supply chain transformation. Data can be exposed for analytics purposes through several different mechanisms.

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. Inventory analytics goes mainstream. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Cloud technology accelerates. Inventory forecasting.

Inventory Management Software 80

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

Procurement Academy

FEBRUARY 6, 2024

the Securities and Exchanges Commission (SEC) has proposed rule changes that would require registrants to include disclosures in their registration statements and periodic reports regarding climate-related risks and the company’s greenhouse gas emissions. For example, back in May 2022, the SEC charged BNY Mellon Investment Adviser, Inc.

Waste Reduction 59

Waste Reduction Sourcing Strategies Supply Chain Strategy Optimal Sourcing 59

Enterra Insights

APRIL 25, 2023

Journalist Erica Pandey reports, “America wastes more than 100 billion pounds — or 40% — of its food each year.”[1] and China, The Guardian reports. Alkhlaifat reports, “Around the world, food waste has been recognized as an urgent issue requiring immediate action. Around 10% — or 13.5 million — of U.S.

Waste Reduction 130

Waste Reduction Food Price Reduction Resource Reduction 130

Taulia

JULY 11, 2023

A 2023 report by Glow and NIQ shows that half of surveyed consumers changed the food and grocery brands they purchase based on ESG considerations, for example. 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

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

ModusLink Corporation

DECEMBER 13, 2022

According to Supply Chain 24/7, the continuous process of doing more with less and hiring more people to meet demand is inevitably facing a crossroads. Thus, the best way forward will be to redefine operation standards and focus on tracking labor metrics that foster innovation and supply chain optimization. 29 November 2022. <[link].

Inventory Reduction 78

Inventory Reduction Resource Reduction Waste Reduction Material Savings 78

Unleashed

DECEMBER 28, 2021

Techniques for 2022. Unintended inventory excess can also be an indication of deeper problems within the business, such as poor forecasting, low sales, over-purchasing of undesirable goods, and so on. For others, it’s about cutting inventory being held all the way back to meet customer demand.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

ShipBob

NOVEMBER 15, 2022

Understanding your key performance metrics, sales data, site performance, and channel efficiency will uncover meaningful insights about your business and customer loyalty. Read on to answer: What are Shopify data analytics? What are different types of Shopify reports and metrics? Note which key metrics to keep a pulse on.

Procurement Analytics 52

Procurement Analytics Analytics Software Predictive Analytics Analytics 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. With last-mile delivery incurring 53% of total shipping costs, retail businesses should fulfill these rising customer expectations and simultaneously have a rigorous control over costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Waste Reduction 52

Logistics Viewpoints

AUGUST 7, 2023

Around the world, 1 million plastic bottles are purchased every minute. Not even soda bottles, one of the most common items thrown into recycling bins — meets the threshold to be called “recyclable” according to standards set by the Ellen MacArthur Foundation New Plastic Economy Initiative. We have a plastic bottle problem.

Procurement Analytics 170

Procurement Analytics Purchasing Skills Waste Reduction Expense Reduction 170

Supply Chain Game Changer

JUNE 8, 2022

As a business owner, you must prove to your clients your dedication to evolving and meeting their changing needs to stay relevant to them. While different businesses use different metrics to answer these questions, here are some pointers to help you calculate customer loyalty. Stay relevant to your clients.

How To 116

How To Procurement Analytics Supply Chain Design Software Supply Chain Design 116

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. Timing: Timing is a powerful determinant of your success as a retailer.

Price Reduction 52

Price Reduction Retail Inventory Reduction Waste Reduction 52

Unleashed

JANUARY 25, 2023

Billowing international lead times and rising costs have pushed businesses to hold record amounts of stock, shrinking gross profit margins. In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. Why is positive cash flow important?

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98