Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

FEBRUARY 8, 2023

However, it is misleading when you try to predict what you will spend in the next period. We believe users should be able to generate results immediately and be able to benchmark a model against their known costs.

Modeling 130

Modeling Optimization Modeling Modeling Software Network Optimization Software 130

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. They are all essential parts of Kroger’s analytics capabilities and, if leveraged correctly, can provide crucial insights to improve business operations.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The largest was the purchase of Lawson in 2011 for 2B$. 2) Advanced Analytics.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

ToolsGroup

OCTOBER 3, 2022

With reports of retail layoffs and overstaffing at companies (such as Walmart and Amazon) to cover Omicron-related staffing shortages, it would appear the shortage of workers may be abating. As per a recent report by CNBC , the labor department in the United States has 5.5 The risks surrounding the retail labor shortage aren’t new.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Oracle SCM

JULY 12, 2017

As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supply chain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Unleashed

FEBRUARY 1, 2023

Demand planning is the process of predicting what customer demand will be for a certain product. This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Supply Chain Shaman

JANUARY 27, 2015

Last week, I interviewed Robert Byrne, founder of Terra Technology on his demand planning benchmarking study. I enjoy creating the podcast series, and Rob’s findings in his benchmark study are always thought-provoking. This requires analytics that can learn and adapt as markets shift. Manage New Item Bias.

Supply and Demand 150

Supply and Demand Supply Chain Planning Software Forecasting Supply Chain Software 150

ThroughPut

MAY 13, 2022

But what if you could predict demand early enough to plan for, manage, and make the most of it, always? Therefore, demand forecasting is the process by which demand planners predict the demand for a given product in a week’s, month’s, or even a year’s time. to run forecasting models and arrive at a solid consensus forecast.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

But what if you could predict demand early enough to plan for, manage, and make the most of it, always? Therefore, demand forecasting is the process by which demand planners predict the demand for a given product in a week’s, month’s, or even a year’s time. to run forecasting models and arrive at a solid consensus forecast.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. Create a cost model based on shared cost drivers considering BU/Region specifics. Analytical Model.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 262

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 262

Supply Chain Trend

AUGUST 13, 2020

On the other hand, augmentation — expanding supply chain knowledge with insights, predictions, and recommendations — maintains human centricity in the decision- making process. Robotic process automation (RPA) has also entered the back-office, supporting administrative functions like purchase order acceptance and invoice matching.

Supply Chain Software 147

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 147

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory. a good result, or a bad one?

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

Lucas

JULY 3, 2018

WERC’s Annual DC Measures Survey is a great tool for benchmarking your distribution center and warehouse operations, but it’s also a valuable resource for identifying trends across the industry. This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Annual workforce turnover.

DC 11

DC Survey Supply Chain Planning Software Analytics Software 11

20Cube Logistics

DECEMBER 8, 2020

Sometime back, the logistics companies in India were known to have a laid back attitude, it was such that even adopting a new technology was a slow start, but with the latest advent like IoT, Data Analytics and Big Data the logistics companies have changed paths and transformed the way the sector works. How did it all start?

Logistics Network Optimization Software 52

Logistics Network Optimization Software Modeling Software Analytics Software Predictive Analytics Software 52

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration.

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Management and Analytics

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

ThroughPut

JUNE 24, 2022

At the same time, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. These AI systems with intelligent algorithms can also predict and discover new consumer habits and forecast seasonal demand.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. Gartner defines the Bimodal approach to supply chain management as “the practice of managing two separate but coherent styles of work: one focused on predictability; the other on exploration.”

Inventory Reduction 62

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 62

Jaggaer

APRIL 21, 2020

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis. Because they’re commoditized items t here are relatively small changes in cost.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Procurement Analytics Procurement 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

Procurement Analytics Analytics Software Predictive Analytics Analytics 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%). Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

IQMS

FEBRUARY 20, 2020

Bottom Line: Manufacturers are achieving only 40% of their potential because they’re spending too much valuable time manually updating inventory control , production reporting , and pricing reports when their competitors using real-time data to get the data they need to win deals and plan next-generation real-time factories.

Real-time Visibility 55

Real-time Visibility Manufacturing Procurement Data Price Reduction 55

Supply Chain Shaman

SEPTEMBER 13, 2016

Seven Predictions for Supply Chain 2030. It is hard to predict the future; and when you do, you know that you will be wrong, but please lean in with me and Imagine Supply Chain 2030. Here are my seven predictions. These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Bristlecone

JANUARY 11, 2021

Our research indicates that COVID-19 impacted 98% of businesses, with 60% reporting an ‘extreme’ impact. According to a pre-COVID report published by the Federal Emergency Management Agency ( FEMA ), 40% of businesses do not reopen following a natural disaster. On top of that, another 25% fail within one year. Delivering Value.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Supply Chain Design Software Procurement Solutions 52

Resilinc

MARCH 7, 2023

The US has seen extreme storms from coast to coast (yes, even in typically sunny California ), proving that you can’t predict the weather. According to our data, Extreme Weather was the 11 th highest reported disruption in 2022. You can use these suppliers as a benchmark to evaluate weaker suppliers. What a winter it’s been!

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Puerto Rico 62

Supply Chain Network

JANUARY 15, 2013

As part of the Smarter Commerce Initiative, IBM is helping retailers serve these consumers so they can shop where, when and how they want, quickly finding and purchasing the products they want, all the time viewing the retailer’s interactions with them as a service. “To be Canada’s number one online shopping destination, SHOP.CA

Analytics Software 79

Analytics Software Supply Chain Network Software Modeling Software Procurement Solutions 79

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. These tools can help research competitors’ SEO and content strategies to benchmark performance.

Supply Chain Visibility 78

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 78

Logility

SEPTEMBER 16, 2022

Why do we build logistics models? But I ask it because modeling often takes a detour into the land of debilitating detail. And by debilitating, I mean an enormous analytical time sink — think months. I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics?

Modeling 130

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 130

Supply Chain Game Changer

JULY 2, 2019

This interview is with Kristie Syndikus, VP of Procurement at Maple Leaf Foods. It was very easy to see early on that Kristie had a great aptitude for Procurement and Sourcing. Kristie Syndikus, VP Procurement at Maple Leaf Foods. leadership #procurement #commoditymanagement #purchasing. All Rights Reserved.

Manufacturing Procurement 48

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 48

Supply Chain Game Changer

FEBRUARY 4, 2020

But is just taking courses in basic topics like Procurement, Negotiation, Statistics, Operational Research or Planning sufficient? A course in Procurement, a course on Inventory management, a course in negotiation, and so on. Purchase orders were hand written. He proceeded to tell me about the courses the participants had taken.

Education 67

Education Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 67