Unleashed

AUGUST 6, 2023

It’s a handy sales strategy to keep in your business toolbox – and can be essential to success in highly competitive markets. In this article, we do a deep dive into competitive pricing to outline key strategies, how they impact your profit margins , and how competitive pricing works with real-life examples. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. In some cases, inventory levels can see an increase to save costs, increase profit, and more.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

Logility

APRIL 20, 2022

And they’ve had little to no time to recover from raw material and labor shortages, supplier and factory failures, transportation delays, and rising costs while encountering unpredictable demand. Companies using a spreadsheet to do this kind of order promise analysis and planning determination will fall short. Feeling overwhelmed?

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

DELMIA Quintiq

DECEMBER 9, 2020

Trane Technologies faces these unprecedented global challenges with a bold strategy and a commitment to building a healthier planet and a sustainable world. This requires a significant change in our approach to new product development, materials, and technologies to achieve these strategic goals.

Waste Reduction 317

Waste Reduction Cost Reduction Strategies Supply Chain Design Software Resource Reduction 317

Supply Chain Matters

NOVEMBER 3, 2023

The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles. At the same time, inventories of unsold vehicles remain on dealer lots despite price reductions. Cost is an obvious factor as well, even as government subsidies for purchase exist.

Material Savings 52

Material Savings Price Reduction Inventory Reduction Cost Reduction Strategies 52

Talking Logistics

OCTOBER 27, 2016

The USA says it intends to reduce emissions by 26-28 percent below its 2005 level by 2025 , trying hard for the upper limit. Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050.

Cost Reduction Strategies 100

Cost Reduction Strategies Material Savings Modeling Software Sourcing Strategies 100

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.

Material Savings 195

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 195

OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Often, the quickest and easiest way to cut costs is by accepting minimum quality levels or reducing employees.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting. Don’t worry.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Logility

AUGUST 31, 2023

Leveraging the inventory planning and optimization solution from Logility , this well-established brand generates trend insights and supports a formal product review process, resulting in a 44% reduction in its SKU portfolio and more meaningful value for its customers. The results we have realized have been phenomenal,” says Tocci. “We

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ShipBob

AUGUST 3, 2021

In this article, you will learn the importance of supply chain agility, what it means to be agile, plus strategies and best practices you can incorporate into your supply chain. Reduce supply chain costs. An effective way to streamline processes is to introduce automation to reduce manual work. Warehousing and storage fees .

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Sourcing Strategies Inventory Reduction Material Savings 119

Supply Chain Shaman

DECEMBER 7, 2022

Based on my research, I write about four strategies that drove value over the last decade. Which strategy drove the most significant value??” As a result of the research with ASU, I settled on the combination of growth, margin, inventory turns, and ROIC for the Supply Chains to Admire analysis. A Clear Strategy.

Inventory Reduction 59

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 59

QAD

JUNE 29, 2023

Here are five key strategies for designing quality from the start, along with the tools, steps and environment needed to make it happen. Documenting that knowledge does the following: Reduces the risk of losing everything inside your subject matter experts’ heads if and when they leave your company. Take PennEngineering for example.

Price Reduction 92

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 92

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. For manufacturers, running out of raw materials can lead to delays in production, while wholesalers and retailers can experience a short-term drop in sales and longer-term issues with customer attrition. 5 Inventory Replenishment Strategies to Increase Profits.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

Supply Chain Shaman

NOVEMBER 15, 2023

In the PWC survey, the focus for the supply chain leader for the next 12-18 months is cost reduction, which raises questions for me and makes me sad. Based on the Supply Chains to Admire analysis, the first question is: Why do the cost reduction strategies not translate into operating margin improvement against peer groups?

Supply Chain Planning Software 413

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 413

Logistics Viewpoints

MAY 23, 2024

Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.

Modeling 199

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 199

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. (The average was 45% in my recent class.)

Inventory Reduction 424

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 424

EC Sourcing Group

SEPTEMBER 7, 2021

Spend Analysis in Supply Chain Management. Fundamentally, the goal of the supply chain is to take raw goods and materials and, in the end, have a finished product that a consumer or end-user desires. If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Unleashed

APRIL 18, 2024

Any opportunity to minimise waste and reduce your business costs means greater revenue, higher profits, and happier customers. Just-in-time manufacturing is a strategy that directly aligns raw-material supply deliveries with production schedules to increase efficiency and decrease waste. Here’s how it works.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

SCMDOJO

JUNE 6, 2023

With the right supply chain tools at your disposal, you can streamline operations, boost productivity, and save valuable time. In this article, we will explore six of such supply chain tools that will revolutionize your workflow, ultimately saving you up to 30 hours of valuable time!

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 92

BR Williams Supply Chain Management

MARCH 31, 2022

Reduce Supply Chain Costs. Save money. But how do businesses find practical solutions to cost savings in these areas? With warehouse management systems in the supply chain, businesses go from struggling with consumer demands and hidden bottlenecks to flourishing in sales and expanding with new business strategies.

Cost Reduction Strategies 98

Cost Reduction Strategies Supply Chain Planning Software Material Savings Waste Reduction 98

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? It is a part of the bill of materials for the finished goods.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

EC Sourcing Group

JANUARY 19, 2023

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

Analysis 52

Analysis Procurement Solutions Analytics Software Logistics Network Optimization Software 52

RFgen

MAY 26, 2023

To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. In this article, we’ll dive into proven strategies to help you maintain the perfect inventory balance and keep your customers coming back for more. Got Inventory Problems?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Logility

APRIL 3, 2024

You can then take it a step further with multi-echelon inventory optimization (MEIO), which provides visibility to everything from raw materials, to finished goods. Taking stock of your present state of affairs is an important prerequisite to finding areas for improvement and reduce the risk of product expiration.

Supply Chain Optimization 166

Supply Chain Optimization Inventory Reduction Optimization Software Supply Chain Planning Software 166

Arena Solutions

APRIL 16, 2024

PTC’s CEO, Neil Barua, said, “In parallel with our SBTi commitments, we’re broadening the ways in which we support manufacturers’ efforts to reduce the environmental footprint of their products.” Everyone must help, but technological development has always been a fundamental part of human action.”

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Planning Software Optimization Software Supply Chain Network Software 89

Logility

NOVEMBER 9, 2022

Powerful scenario analysis identifies optimal locations for future plants, warehouses or 3PL locations and quickly presents impacts to cost and service in an interactive environment. Manufacturing Analysis: Optimize the total landed costs of production decisions. Check out the 6 top uses cases for network optimization below.

Network Optimization Software 130

Network Optimization Software Network Optimization Modeling Optimization Modeling 130

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. 5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings. Revise your labor scheduling strategy.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Logility

JUNE 23, 2023

Envisioning a path to a future-ready supply chain with S&OP For decades, companies have relied on S&OP as a decision-making process that matches demand and supply to align supply chain plans and business strategies. However, the ability to plan the business across multiple time horizons is often still missing.

S&OP 199

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 199

Logistics Viewpoints

NOVEMBER 6, 2023

Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers. EcoVadis’ focus is helping suppliers accelerate their journey by measuring and improving their sustainability management system, collecting and reporting their data, building capacity to ultimately drive reductions in impact.

Resource Reduction 224

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 224

Precoro

JANUARY 29, 2024

Escalating expenses associated with rising prices of raw materials, finished goods, third-party services, and labor along the entire supply chain expose businesses to a heightened threat of margin reduction. A detailed analysis of the goods, services, or works required, including specifications and any specific demands.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Precoro

AUGUST 14, 2023

According to KPMG , a global network of professional firms providing audit, tax, and advisory services, building a dedicated procurement team helps companies achieve substantial cost savings through effective vendor and category management. Procurement managers play a crucial role in formulating the company's procurement strategy.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Silvon Software

APRIL 18, 2023

Can we get the right resources needed to collect data for analysis before it’s too old? What’s really needed, though, is a cohesive measurement strategy that identifies goals, defines a portfolio of metrics to achieve them, and outlines an implementation plan to make it part of your ongoing business process.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

Precoro

DECEMBER 11, 2023

With strategic sourcing, historical and current data are collected in order to analyze established processes, predict market requirements, maximize purchasing power, and align purchasing strategy with organizational objectives. Such analysis is essential for understanding procurement requirements. Building risk strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Jaggaer

JANUARY 14, 2020

By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain. However, by focusing only on your largest spend categories, you may be overlooking easy opportunities for big savings. . You’ll have to look for other places to advance savings.

Material Savings 40

Material Savings Cost Reduction Strategies Manufacturing Procurement Negotiating Skills 40

ivalua

FEBRUARY 27, 2023

Manufacturers have unique insight into the state of global inflation – they’re often hit earlier and harder than other industries by increasing overhead costs, from raw materials prices to wages. Consequently, staying on top of these financial trends gives manufacturers a critical edge in predicting their bottom line.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Unleashed

JANUARY 14, 2024

We’ll look at modern manufacturing inventory methods, useful strategies, and manufacturing inventory management best practices. Manufacturing inventory management is the process of managing the raw materials , parts, components, and finished products held by a manufacturing company.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52