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

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. Brand loyalty is no longer the driver for consumer purchasing decisions. 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

Logistics Viewpoints

FEBRUARY 3, 2022

Supply chains depend on the flow of information to facilitate the flow of goods, but since information is never perfect supply chains must be trade-off machines, constantly weighing cost against quality, cash, and increasingly carbon. A change to one link (e.g. on-time delivery). A change to one link (e.g. on-time delivery).

Inventory Reduction 290

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Supply Chain Game Changer

SEPTEMBER 28, 2022

Besides, redesign always helps remove the flaws, glitches, and imperfections, reducing the quality of user experience and costing you customers. The website’s metrics will show which solution is effective and which doesn’t work, informing further redesign efforts. The simplest tool for auditing a website is Google Analytics.

Procurement Analytics 85

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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

American Global Logistics

JULY 14, 2023

They encompass a vast ecosystem of industries and sectors that work together to deliver the right products at the right time, place, cost, quantity, and quality. According to the Council of Supply Chain Management Professionals (CSCMP) the cost of U.S. The cost of U.S. business logistics amounts to 9.1%

North Carolina 52

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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

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ToolsGroup

SEPTEMBER 20, 2022

These engineers develop machine learning algorithms that detect product anomalies, monitor equipment performance, and predict failures. That way, companies achieve maximized equipment availability and deliver high-quality products. In fact, companies save 25-30% of maintenance costs by leveraging predictive maintenance.

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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

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QAD

JULY 7, 2022

A recent Quality Digest article suggested that “ethical supply chain management is being fueled by consumer demand, profitability, and visibility. In April 2022, allegations arose claiming children as young as 10 in Ghana , West Africa were harvesting cocoa beans for food industry giant Mondel?z Let’s break it down.

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Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions.

Inventory Reduction 52

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ModusLink Corporation

MARCH 29, 2022

In e-Commerce, customer data is usually stored within big databases that accurately store all data of previous purchases. According to Santora (2020), 55% of shoppers abandon their virtual shopping cart due to reasons such as unexpected shipping fees, unclear taxes, and a time-consuming purchasing process. Value Feedback. Castillo, D.

Optimization Software 78

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Supply Chain Game Changer

AUGUST 21, 2022

In order to maintain this quality, logistics managers must implement an efficient tracking system and coordinate with the delivery team. In order to measure the efficiency of your supply chain, companies must track certain metrics. Metrics help to prioritize activities and improve processes. Supply Chain 4.0

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Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Unleashed

SEPTEMBER 7, 2021

B2B eCommerce is booming and will be crucial for business success in 2022 and beyond. One of the world’s most successful eCommerce businesses is Shopify, which provides its customers – across both B2B and B2C channels – with an eCommerce platform supporting trade, engagement, metrics, shipping and tracking services.

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o9 Solutions

JANUARY 25, 2023

The DPP is a proposed policy solution to support more sustainable production, circular business models, enable consumers in making more informed purchasing decisions and to allow authorities to verify compliance with legal obligations. CO2 footprint, water use) ( Global Battery Alliance, 2022 ; European Commission, 2019).

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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 74

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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. Walmart’s emphasis on direct procurement is further bolstered by the use of technology and information systems.

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Cognira

JANUARY 8, 2024

A staggering 81% of consumers express a stronger inclination to make a purchase when enticed by a promotion. Customer Retention: Why It Matters Customer retention refers to the ability of a business to keep existing customers and generate revenue from them after their initial purchase.

Procurement Analytics 52

Procurement Analytics Strategy Price Mitigation Strategies Retail 52

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

Supply Chain Game Changer

MAY 27, 2022

By analyzing website and social media analytics, you can understand the type of customers who prefer buying your products. If you want to find more information about your users, use online tools like Google Analytics or Facebook Insights. A positive brand reputation can boost customers’ loyalty and increase the purchasing rate.

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Sourcing Strategies Supply Chain Design Software Price Reduction Supply Chain Planning Software 90

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

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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

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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

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

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

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

The Logistics & Supply Chain Management Society

MAY 28, 2022

Network slicing allows cellular 5G networks to deliver dedicated virtual networks across a single physical infrastructure, reducing costs, segregating traffic and enabling delivery of quality of service metrics like latency, bandwidth and congestion management. So how does this impact supply chains?

Supply Chain Software 130

Supply Chain Software Supply Chain Network Software Modeling Software Demand Planning Software 130

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

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

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Zipline Logistics

JANUARY 17, 2023

It’s no secret that many consumers now consider the sustainability of a product before purchasing, much like they consider price or quality. At the end of 2022, Tesla delivered its first semis to PepsiCo. Tracking Key Metrics to Drive Sustainable Logistics Performance Improvement . Electric Vehicles .

Resource Reduction 78

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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. On top of that, there’s the extra insurance cost of carrying more stock. Lean inventory models have a bit of risk attached.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

Unleashed

DECEMBER 6, 2021

We’ve identified 6 important categories that wholesaling features fall under: Inventory management Supply chain Customer orders Warehouse management Data and analytics Key software integrations And within these categories, we give you 17 features to look for – and why they’re important. Inventory management 1.

Inventory Management Software 98

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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. .” ” Whichever name you choose to put on this cash management metric and process, the end result is the same.

Negotiate Pricing 94

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Supply Chain Game Changer

OCTOBER 11, 2022

For instance, the quality of inventory storage and manufacturing efficiency impact delivery lead times. 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.

Optimal Sourcing 81

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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. Which data metrics are most relevant to your demand forecasting? The South Florida Reporter offers four tips for perfecting your logistics and supply chain[7]. ”[1]. .”[3]

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Taulia

JULY 14, 2023

Blog Expert Advice 8 min read 14 Jul 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 8 accounts receivable reports and how to use them Accounts receivable is a critical business function, and running it efficiently can fuel your working capital position.

Procurement Analytics 52

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Intelligent Audit

DECEMBER 2, 2021

billion annually, reports Supply & Demand Chain Executive. With most products’ typical returns rate of 30%, the total estimated value of returned parcels is more than $128 billion annually going into 2022. Monitoring this data will provide valuable insights that can help companies seek out quicker ways to save costs.

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