10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Take Advantage of Cloud-Based Analytics for Better Warehouse Management and Forecasting. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.

Predictive analytics in procurement means using whatever data is available

NC State SCRC

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. It is often built on a strategic platform that provides data visibility and near real-time availability, as well as advanced data warehouses for collection of relevant third party datasets.

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Cerasis

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. What’s a Warehouse Management System in the Cloud?

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KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?

NC State SCRC

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. In its earnings release , Kraft Heinz said it received a subpoena last October related to its “accounting policies, procedures, and internal controls related to its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors.”.

Visibility: If Only I Could See

Supply Chain Shaman

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). The IT taxonomy for visibility is supply chain analytics. The team was seeking analytics to monitor process compliance. Advancement in analytics improves outcomes.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Warehouse managers must understand why changes of standards and use of the Internet of Things (IoT) are needed and how smart warehouses can meet the demands of today and tomorrow.

Contingent Workforce is a Major Focus for Procurement

NC State SCRC

Brian Hoffmeyer from IQ Navigator, a procure to pay solution, spoke today at IBM’s Empower event on this trend, and the implications for procurement. Contingent labor spans everything from temporary warehouse workers, consultant, and project workers. It helps to manage the procure to pay process for contingent labor – and helps to manage workflows. Analytics Category Management Contract Management Labor and Human Rights in the Supply Chain Procure to Pay

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Flying Warehouses! And Mobile Fulfillment Centers that Exist Today

FLEXE

Illustrations in the filing show a flying warehouse, which would remain at high altitudes as drones fly back and forth between the warehouse and nearby shipping destinations. One big shoe retailer recently used this type of warehousing to support its pop-up store campaign.

Smarter Inventory Management Will be One of the Key Competencies for Retailers in the Coming Year

Supply Chain Matters

The other is a unique inventory management overhang challenge involving the pre-ordering of holiday focused inventories, and an ongoing nationwide shortage of available warehousing space. Commercial real estate firm CBRE recently indicated that warehouses are as full as they ever have been.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance. This ability to link supply and demand characteristics of the market place is the true “nirvana” of supply chain analytics. .

March 8, 2019 Edition of This Week in Supply Chain Management Technology

Supply Chain Matters

According to the announcement, the integration for SAP Business One supports integration for key sales, purchasing and warehouse documents.

Sensing Demand at the Point of Sale

ToolsGroup

The replenishment plan enables Costa to optimally manage the supply of ingredients—coffee, flavored syrup, cups, and lids—from a warehouse to partner sites. For a copy of the full Amplifon case study, click on the image below: Forecasting Demand and Analytics Supply Chain Planning

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

Operations Research began when scientists demonstrated the value of analytics in the study of military logistics problems in the 1940s as a result of the complex requirements of World War II. SCM #SupplyChain #Business #Leadership #Logistics #Distribution #History #Procurement.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

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Data integrity is a real problem in the operating room

NC State SCRC

This one has about 450 beds, with its own warehouse that stocks items at a separate location. Analytics Healthcare Supply Management Procure to Pay Supply chain analytics Supply Chain ManagementA recent visit to a mid-sized hospital in the Northeast United States provided a number of important insights into how is great a problem material handing data integrity is in the daily life of those people who work in operating rooms across the country.

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Another Fall semester brings a new batch of 50 SCRC company projects…

Supply Chain View from the Field

Supplier Key Performance Indicators and analytics, including innovation. Warehouse management - SOWs, staging lane design, job kitting implementation. Supply chain analytics around capacity planning, commodity pricing, and quality. As we go into our 2013 fall semester, the SCRC team is pulling together the list of project summaries from our 15 corporate partners.

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Spreadsheets – A History and a Future!

Supply Chain Game Changer

I was transferred to a new job as the Company’s Warehouse Space Planner. He hand-wrote tables and hand drew graphs on paper showing, amongst other things, how our demand and supply of warehouse space had, and would, change over time. Subscribe Here! Email Address.

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Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Artificial Intelligence, Predictive Analytics, and Voice Activated Technology are key enablers that will allow for Intellectual Automation. This will include every step and process within the manufacturing line, warehouse or distribution centre of your company or that of one of your suppliers.

10 Supply Chain Investment Challenges – Real and Imagined!

Supply Chain Game Changer

The Internet of Things (IoT), Augmented Reality (AR), Drones and Autonomous Vehicles, Robotics, Virtual Reality (VR), Artificial Intelligence (AI) and Intelligent Analytics are front and centre. SCM #SupplyChain #Technology #IoT #AI #Logistics #Freight #Procurement. Subscribe Here!

OPTSUM 2015: Where SCM meets Science

Supply Chain Nation

The invitation-based event witnessed high brain power with optimization gurus and analytics experts from across supply chain planning, retail, pricing and revenue management coming together from all parts of India. Analytics Big Data Featured Retail Supply Chain

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The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management.

Automation in the supply chain to get major boost in 2019

EFT

A new report and industry survey from eyefortransport finds that automation is the top investment priority for retailers and manufacturers in 2019, particularly within the warehouse. Warehouse automation was rated the top investment priority in the survey, with 63.2%

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Lower transportation and warehousing costs.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods.

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It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. In logistics, the focus became on centralization of distribution centers and warehouses to drive optimization in transportation routing, reduce inventory carrying and handling costs across the system.

Want to Improve Supply Chain Performance and Profitability?

Take Supply Chain

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics.

Big data and supply chain optimization: Illusion vs. reality

Quintiq

However, dumping transactional data from the transactional system(s) into a data warehouse and using it mostly for massive reporting jobs doesn’t pass muster with the need for big data analysis and immediate operational application.

Is it Time for to Move Away from “World Class Supply Chains”?

NC State SCRC

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. The book looks at what the future procurement capability will need to be, in light of the massive “game changers” of globalization, technology, cultural diversity, demographic issues, and sustainable pressure that is changing the entire ecosystem.

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing. Yet we want to bolt on more systems for procurement to make their life harder still! Go work in a warehouse in Odessa Texas (which is how I got started), and see how that asset is operating in the real world! From a procurement standpoint, we get updates daily.