The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. 3. This will improve the ability for data analytics to be used to improve operations and provide an efficient and scalable freight management workflow. Price Lookup and Comparison.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Machine Learning, Cognitive Analytics.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Manufacturing Procurement 36

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. The use of channel data into advanced analytics to sense demand.

Optimal Sourcing 298

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 298

My Office Apps

JULY 28, 2022

When considering your current ERP inventory manager, your business could be lacking not only in accuracy of information, but also effective analytics and reporting on the state of your inventory. Analytics- Determine actionable data such as turnover rates and cost of goods sold.

Inventory Management Software 52

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

My Office Apps

JULY 28, 2022

When considering your current ERP software, your business could be lacking not only in the accuracy of information but also ineffective analytics and reporting on the state of your inventory. Analytics- Determine actionable data such as turnover rates and cost of goods sold.

Inventory Management Software 52

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

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 168

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 168

Precoro

JANUARY 30, 2023

Plus, find a comparison table of some free purchase order software and paid programs. How a PO System Can Improve the Procurement Process Eliminates Human Error Manual document processing can lead to mistakes at any moment, from misplacing or losing a purchase order to forgetting to send it for approval or to the vendor.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

LevaData

JUNE 22, 2021

Analytics play a crucial role in all aspects of sourcing and procurement management—especially risk mitigation, new product introduction, and cost optimization. Other times, it’s due to contract manufacturers making concerted efforts to disguise their data and muddle the market comparison process.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Supply Chain Planning Software Data 52

Shipchain

NOVEMBER 8, 2018

So many resources are wasted on trying to negate the issues, and although numerous risk analytics systems have been developed to try to improve the situation, nothing has proven foolproof. It could occur in the procurement of raw materials, manufacturing of products, selling and distribution of products, or in reverse logistics.

Resource Reduction 91

Resource Reduction Waste Reduction Vendor Strategies Material Savings 91

SupplyPike

JUNE 10, 2020

This way, even manufacturers can save on expenses related to purchasing, by way of wiser and more lucrative procurement decisions. Category management separates products into separate groups and helps businesses implement procurement approaches and maximize savings. Put Your Mind and Heart into Decision-Making.

Manufacturing Procurement 63

Manufacturing Procurement Procurement Analytics Supply and Demand Optimal Sourcing 63

Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Supply Chain Risk Drivers: A Comparison of Risk. If the carrier does not accept the freight, the manufacturer loses time in moving the freight and is often forced to go to the open market to source freight.

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. There is seldom one technology used within a manufacturing company to connect B2b value networks.) With the larger ocean carriers and the port congestion, GT Nexus becomes more and more important to retail and manufacturing companies. It is clear.

Prescriptive Analytics Software 150

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

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

ThroughPut

APRIL 21, 2022

Yet, despite all the technological advancements that have taken place over the past decade on the manufacturing side, S&OP continues to be dominated by ineffective, dated, manual practices in many organizations. They can neither be used for AI-powered analytics, nor can they scale in time with rapid business growth.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning S&OP Modeling 52

Supply Chain Network

MARCH 2, 2012

The acquisition expands IBM’s cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies. Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce.

Optimal Sourcing 79

Optimal Sourcing Modeling Negotiating Skills Manufacturing Procurement 79

Intelligent Audit

AUGUST 24, 2022

It facilitates this benefit in numerous ways, including by streamlining: Spend optimization Demand forecasting Demand accuracy Inventory optimization Procurement responses. A global manufacturer had established and contracted carriers for its routing guide. It chose a less expensive carrier when making an apples-to-apples comparison.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software 52

Enterra Insights

MAY 31, 2019

Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] Invest in technology and analytics. 3] Marc Wins, “ 5 ways to adapt to changing Consumer Behavior ,” Procurement Academy, 11 March 2019. [4] Footnotes. [1]

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Logistics Viewpoints

MARCH 17, 2022

It is one of those high-end brands with global recognition, and to my surprise, the manufacturer’s own website did not have any stock and no indication on when it would be available. It provides a single source of truth with visibility and analytics based on the same data. Can the workflows and analytics easily change over time?

Supply Chain Planning Software 276

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 276

ThroughPut

APRIL 6, 2020

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. Inventory control.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

ThroughPut

APRIL 2, 2020

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. Inventory control.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

Jaggaer

JUNE 18, 2019

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Big Data Procurement Solutions 40

QAD

APRIL 5, 2022

With this release, QAD has strengthened our cloud ERP offering by delivering new adaptive manufacturing and supply chain capabilities to better address tomorrow’s challenges and rapidly respond to disruption in the marketplace. Digital Manufacturing. QAD Adaptive ERP 2022 Highlights.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 96

Precoro

JUNE 21, 2023

According to Ardent Partners , 48% of AP leaders see improving AP reporting and data analytics as a strategic priority for 2023. This provides continuity in the financial reporting process and facilitates meaningful comparisons over time. Generates detailed reports and analytics on AP activities, such as expenses and invoices.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? So… What’s your Procurement’s North Star? Subscribe Here!

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Precoro

FEBRUARY 27, 2023

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. Spend analysis involves spend visibility , spending review , and procurement process improvement. Many factors may be used for conducting comparisons.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Infosys Supply Chain Management

DECEMBER 31, 2012

Industrial Manufacturing. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They embraced the conveniences of in-home and mobile buying and cyber-based price and feature comparisons. Procurement Blog. Automotive. Communication Services. Healthcare.

Supply Chain Planning Software 24

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 24

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. This comparison is much more than a metaphor; it is the real issues being faced by supply chain entities and their leaders.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Intelligent Audit

OCTOBER 28, 2021

There’s more pressure for shippers to produce and provide products faster and more reliably than ever before, and this requires specialized shipping allocations and cost considerations for optimized supply chain analytics. Data analytics and actionable insights. Easy-to-view tools and customizable reporting.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Supply Chain Planning Software Optimal Sourcing 52

ShipBob

JANUARY 8, 2021

Wholesalers buy goods in bulk directly from manufacturers or distributors, and they resell them to other businesses (retailers and other wholesalers). Distributors procure goods from suppliers to sell to wholesalers and retailers, and they work closely with manufacturers. Wholesalers. Distributors.

Inventory Management Software 96

Inventory Management Software Supply Chain Design Software Optimization Software Logistics Network Optimization Software 96

ivalua

APRIL 4, 2016

Big data analytics- Being able to run more inquiries faster, gain better decision guidance, and having the ability to look at total cost vs. total value in real time. Manufacturers and their strategic suppliers are realizing that they need to change their thinking and the way they do business. Am I able to capture tribal knowledge?

Analytics Software 100

Analytics Software Maryland Baltimore Manufacturing Procurement 100

Supply Chain Game Changer

NOVEMBER 7, 2018

Our manufacturing lines are going to stop. The overall value involved was in the tens of thousands of dollars but the cost we would add and the impact to the company were nominal in comparison. Next we turned our eye to Supplier invoices for which the lack of parts supply would shut down our Manufacturing lines entirely.

Pricing Training 42

Pricing Training Procurement Analytics Purchasing Training Supply Chain Planning Software 42

6 River Systems

FEBRUARY 25, 2019

I am buying a sheep and goat farm alongside a larger space for a garment factory so that I can control where the cashmere and wool is coming from, how it is processed and how it is manufactured before it is sent to my customers. I think when your business is self-reliant, you never have to deal with lost shipments, late shipments or anything.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

NC State SCRC

JANUARY 18, 2023

Handfield and Universidade Federal do Espirito Santo’s Dr. Marcos Paulo Valadares de Oliveira showed that an open analytics culture (OAC) strongly correlates with improved supply chain performance metrics. What is an “Open Analytics Culture” (OAC)? For some readers, it might be easier to first define a “‘closed’ analytics culture”.

Analytics Software 40

Analytics Software Resource Reduction Cost Reduction Strategies Waste Reduction 40