Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Unleashed

APRIL 21, 2024

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. Technology plays a significant role in streamlining the order-to-cash processing by providing real-time data and analytics to identify areas for improvement.

Inventory Management Software 52

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

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

ShipBob

NOVEMBER 6, 2023

Cutoff analysis Cutoff analysis is when you pause operations such as receiving and shipping at the time of the physical count to ensure nothing is being handled and goes unaccounted for. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

QAD

JULY 7, 2022

Consumers are increasingly expressing interest in ethical sourcing and environmental impacts related to the products they purchase. A 2021 Deloitte study documented how 43% of UK consumers selected brands based on environmentally sustainable values. found that consumers would stop purchasing brands with ethics issues.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 97

SupplyPike

JUNE 22, 2020

Learn all about: What Retail Link is and who can use it The challenges of Retail Link What reports and tools Retail Link has to offer. Are you a supplier for Walmart who is looking for a central repository for the information, documents, reports, and special applications to manage your business with Walmart? Merchandising.

Retail 58

Retail Supply Chain Planning Software Procurement Analytics Forecasting Software 58

Supply Chain Game Changer

AUGUST 30, 2021

The authors document the advantages of lean production over mass production and offer guidance to leaders in every industry wanting to transform traditional enterprises with lean production. He puts the supply chain at the heart of the relationship between costs, service and cash to offer a competitive edge.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

NC State SCRC

JANUARY 18, 2018

Here is a sample of the type of projects our MBA and Engineering students are working on this semester, proving again that NC State is all about “THINK AND DO” (in our case, executing on practical applications in the real world using robust supply chain analytical approaches). Lenovo Blockchain Analysis Part 2.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

ToolsGroup

SEPTEMBER 20, 2022

This data is critical for conducting failure mode and effect analysis (FMEA). One study found that 51% of consumers prioritize product quality over price when making purchases. Tracking anomalies using AI throughout the production process ensures manufacturers can manage production costs. Minimize production losses and defects.

Manufacturing Procurement 156

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

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Businesses can dramatically reduce the costs associated with establishing new supplier relationships, expedite onboarding activities and relevant procurement processes. Consistent communication.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Precoro

FEBRUARY 27, 2023

The answer is simple: spend analysis. After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. What Is the Spend Analysis Process? What Is the Spend Analysis Process? Informed means armed!

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Zipline Logistics

JANUARY 26, 2021

Pragmatic analysis can uncover opportunities to make improvements that can help control inventory and manage costs. By having enhanced insight into crucial logistics processes, healthcare shippers can increase efficiencies, reduce cost, shorten time to market, and improve inventory management.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 52

Unleashed

JANUARY 10, 2023

Improving supply chain visibility looks like this: Integrating data from your various systems into one centralised location Working with suppliers to increase supply chain transparency Automating data collection, analysis, and reporting Supply chain visibility relies on accurate, synchronised data.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Game Changer

MAY 27, 2022

Use the logo on any digital or paper document to strengthen your brand identity. You can use SWOT analysis with market trends, competition, and buying habits to gather information for the next step. By analyzing website and social media analytics, you can understand the type of customers who prefer buying your products.

Sourcing Strategies 90

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

TrackVia

AUGUST 17, 2023

Regulatory Compliance: In certain industries, regulatory compliance requires accurate documentation of assets. Cost Management: By tracking asset lifecycle and maintenance history, you can make informed decisions about repair versus replacement, avoiding unnecessary costs. This streamlines workflows and reduces data duplication.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. In Agrosciences is the customer the distributor of seed/additives, the farmer or the downstream purchaser of food products? I am on a mission.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Arena Solutions

JUNE 5, 2023

We also have built-in analytics to help report out metrics to key stakeholders and Arena is really well integrated with other platforms such as CAD programs and ERP systems. Now, they’re going to ask you for your quality documents, your manual, your policy, your org chart, procedures. They’re really hard to document.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Analytics Software 52

Unleashed

DECEMBER 20, 2022

Covered In this Business App Guide: Apps for your clients’ tech stack Accounting apps Lightyear Lightyear is a purchasing and accounts payable automation platform which was established in 2017. Syft Analytics Syft Analytics is an AI-powered forecasting tool that reviews, analyses, and predicts financial data.

Forecasting Software 98

Forecasting Software Inventory Management Software Analytics Software Predictive Analytics Software 98

Locus Robotics

DECEMBER 18, 2023

Document every step, measure cycle times, and identify any and all bottlenecks. You should also track productivity metrics now (if you aren’t already) so you’ll have them for comparison post-automation. Use measured before-and-after analytics to confirm you’re progressing responsibly towards critical KPI boosts.

Warehousing 52

Warehousing Purchasing Training Expense Reduction Analytics Software 52

Precoro

FEBRUARY 12, 2024

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. As liquidity management requires total visibility into financial data, it helps companies create more accurate scenario analysis and cash forecasting.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

TrackVia

AUGUST 17, 2023

Regulatory Compliance: In certain industries, regulatory compliance requires accurate documentation of assets. Cost Management: By tracking asset lifecycle and maintenance history, you can make informed decisions about repair versus replacement, avoiding unnecessary costs. This streamlines workflows and reduces data duplication.

Asset Management 52

Asset Management Analytics Software Predictive Analytics Software Optimization Software 52

GlobalTranz

OCTOBER 27, 2015

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Six Sigma continuous improvements using DMAIC (Define, Measure, Analyze, Improve and Control), PDCA (Plan Do Check Act) and VSM ( Value Stream Mapping ) are applied for Cost Reduction and Process Improvements.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. The good news is that a rigorous process for identifying, managing and monitoring quality already exists.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Bristlecone

JULY 20, 2020

There’s been a transformation of finance departments’ focus – from pure transactional processing and after-the-fact reporting, to delivering real-time insights and analysis and supporting business strategy through predictive and prescriptive analytics. How it Works. Process Flow.

SAP 52

SAP Predictive Analytics Predictive Analytics Software Procurement Analytics 52

Unleashed

JANUARY 4, 2024

Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers. If you’re looking to sell a product that’s already been established in the market, purchasing in bulk from a wholesaler can be a good option. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

QAD

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs. So, we can not truly say that the sourcing process begins with supplier management.

Supplier Management 92

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 92

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Vinculum

JUNE 24, 2022

Customers may now purchase from a company’s website or marketplaces due to digital development and the surge in eCommerce. eCommerce and D2C businesses confront the most challenging reconciliation procedure, and errors cost them a lot of money. These are critical key performance metrics. Integrated Solutions.

Purchasing Skills 52

Purchasing Skills Analytics Software Sourcing Strategies Negotiating Skills 52

6 River Systems

OCTOBER 14, 2022

With a documented returns process in place, you can recover the value of returns quickly. Conventional wisdom says that it’s least expensive to work in bulk, whether you’re talking about purchasing or shipping. Data analysis gives a much better picture of inventory and efficiency metrics. Data analysis.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 52

Arena Solutions

OCTOBER 5, 2023

An audit provides an independent, informal, and impartial analysis using a structured approach to determine where your company is performing well and areas that need improvement. The latest analytics demonstrate that 81% of consumers say brand trust is a deciding factor when making a purchase. 1 Why do an internal audit?

Quality 52

Quality Optimal Sourcing Supply Chain Planning Software Sourcing Strategies 52

Unleashed

JUNE 25, 2023

Inaccurate inventory costs your business. It leads to unhappy customers, bad purchasing decisions, and more backorders. They enable smarter purchasing choices With the continuous assessment of your on-hand stock, your purchase decisions are more targeted and informed.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Optimization Software 52

Oracle SCM

MAY 22, 2018

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. The number of systems make getting the answers too complex.

Quality 68

Quality Optimal Sourcing Procurement Analytics Manufacturing Procurement 68

SCMDOJO

MARCH 7, 2023

It could span from purchasing-related processes like RFQ management and Purchase Order Management to Sales and Marketing or Engineering Change management processes as well as the Hiring process and many more. Documentation of the future state is the first step towards implementation.

Supply Chain Software 90

Supply Chain Software Waste Reduction Agile and Lean Supply Chain Supply Chain Optimization 90

Unleashed

SEPTEMBER 28, 2023

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. This can prevent the risk of dead stock by improving the accuracy of purchase orders to consumer demand. Bundle items that are only available when purchased exclusively in a bundle.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52