ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Silvon Software

MARCH 3, 2023

If customers purchase five different items in the same order, should you transport all five goods on schedule to obtain a 100% OTD delivery? Using Capacity Utilization as a metric in your manufacturing analytics can help companies pinpoint areas where your production line is being wasteful, inefficient, or under-utilized.

S&OP 111

S&OP Procurement Analytics Supply and Demand Analytics Software 111

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

QAD

MAY 26, 2021

Founded in 1979, QAD began as a small startup solution working with local companies to address a large gap in complete, integrated business software for manufacturing companies. As manufacturing businesses took their brands globally, we adapted quickly to keep up and our software has adapted as well. Quality Management.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Supply Chain Design Software Analytics Software 52

QAD

JULY 21, 2022

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Price fluctuations and discounts resulting in increased purchases. Brittle supply chains need specific solutions to gain agility, efficiency and resilience.

Price Reduction 95

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 95

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is Supply Chain Management?

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 94

QAD

AUGUST 16, 2022

All these posts point to the need for visibility and solutions that foster collaboration in the supplier ecosystem. In a recent article from Procurious , the authors suggest: “A modern spend management strategy requires visibility into your suppliers’ practices as much as your own.

Optimal Sourcing 93

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 93

HICX Solutions

FEBRUARY 15, 2024

Therefore, awareness of changes in global regulatory legislation and a focus on sustainable procurement have never been so important for organizations of all sizes. This is not only in terms of their ethos and values but also in providing them with the best possible customer experience when purchasing from an organization.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. The solution? AI for supplier relationship assessment.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

EC Sourcing Group

OCTOBER 26, 2021

Before the Internet was a vital tool in business, the supply chain was a much different place than today. It was slow-moving, achieving the result (product or service) took a much longer time, and dealing with suppliers was a much different story. However, IT can be used in other ways as well, including: Integrated supply chain.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Analytics Software 52

Taulia

MARCH 14, 2023

Effective working capital management – a process usually geared around improving working capital by freeing up cash trapped on the balance sheet or in inventory – is crucial in turbulent economic conditions. The more sophisticated virtual card solutions, like Taulia’s, include payment controls, cash analytics, and value-added tools.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

The Logistics & Supply Chain Management Society

JULY 20, 2020

But the COVID-19 crisis, has required rapid operational solutions to unforeseen roadblocks. Quick solutions to employee shortages, remote working, and to ensure health and safety across the company need to be deployed. This boosts revenues and optimises inventory. Efficiency and cost management. Decision Making.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. When an order is confirmed, the items need to be collected from inventory and packaged for shipment.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Unleashed

MARCH 11, 2021

The best inventory software solves a lot of problems – and should open up opportunities too. Below we explain the must-have inventory management software features you need when investing in a proper inventory management software solution. Real-time inventory tracking.

Inventory Management Software 97

Inventory Management Software Inventory Management Procurement Solutions Analytics Software 97

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Analytics Software Baltimore 40

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Why is MRO Management Important? Subscribe Here!

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

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

Precoro

DECEMBER 18, 2023

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

Procurement Solutions 59

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 59

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

ivalua

JUNE 10, 2020

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. Because of the complexity of the current environment, your company needs supply chain data analytics.

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

QAD

MAY 19, 2021

While spreadsheets and manually tracked processes can help organize internal processes in the early days of any business, manufacturers and suppliers often turn to enterprise software like ERP or CRM to help scale their business. Quality Management. Asset Management. Supply Chain Management. What is ERP?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Inventory Management Software 52

Unleashed

NOVEMBER 29, 2021

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space. Why do eCommerce stores need this level of inventory control?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 98

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 96

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 96

CormSquare

JANUARY 13, 2017

Not being well-controlled or managed inspite of strategic sourcing and compliance efforts. Being subject to the quirks of business stakeholders who often have different priorities other than centralised procurement. MRO purchases are the purchases which are necessary to keep the business running. How important is MRO?

Manufacturing Procurement 50

Manufacturing Procurement Purchasing Skills Procurement Analytics Procurement Solutions 50

Unleashed

APRIL 1, 2020

Yet there are silver linings: firstly, with the cause of the downturn so obvious we may yet see a rapid rebound if and when a vaccine or other solution can be found. Review existing inventory management systems. It can also involve using business analytics to help you truly understand what’s driving your business.

Material Savings 106

Material Savings Inventory Reduction Inventory Management Software Supply Chain Planning Software 106

Precoro

JANUARY 16, 2023

Companies typically select supplementary software to help support this process. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. In other words, it happens within the company’s defined procurement cycle.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. Development of analytical and network design skills within the company’s supply chain teams. Inventory shortages. Built strategic partnerships with vendors to drive down prices.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Supply Chain Game Changer

JUNE 8, 2021

It is easy to critique, blame and make excuses – but the most successful individuals are the ones who focus on solutions and results. There is so much to learn in many functions of supply chain, whether it is IT tools, planning and buying, commodities, global supplier management, logistics, warehousing. Never forget it.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

Unleashed

SEPTEMBER 28, 2021

ERP software for the food industry comes in a range of shapes and sizes, but what should you look for when you’re thinking about using it for your business? Here we cover the 10 most important features to look for in your food manufacturing software so you can achieve product consistency, production efficiency, and regulatory compliance.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Forecasting Software Supply Chain Planning Software 98

Unleashed

NOVEMBER 26, 2023

Unleashed software is an inventory management system that helps businesses be more efficient in their daily operations. It does this by centralising and streamlining many of the tasks involved in managing inventory stock. What is Unleashed software? Who is Unleashed software for?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Enterra Insights

JULY 25, 2019

Sharing information with suppliers. Tracking payment information, such as purchase orders. Managing trade documentation. Verifying and monitoring suppliers. Managing supply chain risk. Managing demand and supply planning. Managing inventory. Managing freight transportation.

Supply Chain Planning Software 100

Supply Chain Planning Software Gartner Supply Chain Software Manufacturing Procurement 100

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

Unleashed

JUNE 23, 2021

It’s seen businesses adapting rapidly, with technology playing a key role in giving managers the flexibility and efficiency to thrive. Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. 10 inventory management for 2022: 1.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80