Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

EMERGE App

JANUARY 25, 2021

Every manufacturing company follows three primary phases in the manufacturing process. This article discusses how to calculate the in-process inventory, the costs associated with it, and exactly why you need to account for it. . Manufacturing Costs= raw materials+overheads+direct/indirect labour costs.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Logistics Bureau

OCTOBER 20, 2021

Calculate cash-to-cash cycle time by adding the number of days that inventory is on hand to the number of days (on average) that customers take to pay for their orders and deducting the number of days it typically takes for your organization to pay for its purchases. Some guidelines for getting more accurate estimations: 1).

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Precoro

JUNE 21, 2023

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP? How is GAAP used for AP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Logistics Bureau

MAY 24, 2021

Today, after more than a year of disruption, many supply chain leaders believe that now is the time to review safety stock levels for finished goods and, in the case of manufacturers, raw materials. The solution to the formula gives you a nominal recommendation for the level of safety stock to carry.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Company 98

Supply Chain Opz

JANUARY 18, 2015

In this article, Dr. Marcel Zondag who is an expert in CPG industry will explain some ways to streamline the planning process. Based on our research we formulated 3 crucial strategic guidelines for setting up or re-designing a company’s S&OP process.

S&OP 100

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 100

Vinculum

MARCH 26, 2020

Customers these days prefer their product to display all the content one needs to know before making a purchase. Not just limited to customers or rather because of them, the online shopping business hit a significant boom with almost a quarter of the world’s population preferring to do their business or purchasing online.

Analysis 52

Analysis Modeling Software Procurement Solutions Purchasing Skills 52

Unleashed

NOVEMBER 5, 2023

It uses technology such as barcode scanners and barcode inventory software to improve the accuracy of your inventory management processes. In this article we break down what a barcode system is, how it works, and how to set up a barcode system in a warehouse, a factory, or a small business. Let’s get right into it. What are barcodes?

Inventory Management Software 52

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

Logistics Bureau

SEPTEMBER 26, 2017

The desire for absolute control over manufacturing or raw material quality (a driver for backward integration). Whilst the bean farms under Starbucks’ ownership are not able to meet the full raw material needs of the company, a sufficient supply is assured through solid purchase agreements with a wide range of growers.

Material Savings 45

Material Savings Supply Chain Strategy Supply Chain Planning Software Cost Reduction Strategies 45

ShipBob

AUGUST 25, 2021

In this article, we’ll break down what first-mile delivery is, why it’s important, and six best practices you can use to improve your first-mile delivery process. . Some of these inefficiencies often start with improper purchase ordering. What is first-mile delivery? Or, you can simply outsource fulfillment to gain more visibility.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 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. She commented that the error seemed to be in the way that the software was implemented, and not in the base capability of the software. A methodology to pick the best fit method.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

ToolsGroup

DECEMBER 11, 2023

Question 1: is it possible to manufacture prices & discounts? In some circumstances it can be advantageous to create discounts, even if manufactured, in order to push sales from a psychology point of view. Look twice. Is that even real? Question 3: should you allow any discount? Who are you selling to?

Purchasing Skills 156

Purchasing Skills Price Reduction Manufacturing Procurement Handbook 156

EcoVadis

MAY 9, 2018

Direct purchasing by governments and state-owned enterprises accounts for 12 percent of GDP in OECD countries, and in the U.K. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards.

Manufacturing Procurement 60

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 60

Exiger Perspectives

MARCH 30, 2023

There are two main reasons why SCRM programs fail to achieve their desired results: Failure to set up a risk framework specific to the program Failure to effectively drive adoption within the organization In this article, we will explore how organizations can overcome these pitfalls and set up a solid SCRM program using Exiger’s TRADES framework.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Risk Management Supply Chain Software Supply Chain Network Software 52

Unleashed

MARCH 6, 2023

Marketing plans are an important tool for any business. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. These steps are only guidelines and will need to be refined to meet your particular business needs.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Enterra Insights

JULY 12, 2021

”[2] They add, “This lack of understanding, combined with concerns over a lack of clear regulatory guidelines, could potentially hinder more widespread adoption of blockchain technology.” For more on that subject, see my article entitled, “ Has the West Ceded Blockchain Dominance to China?

Supply Chain Software 130

Supply Chain Software Internet of things Predictive Analytics Software Logistics Network Optimization Software 130

Arena Solutions

MARCH 22, 2024

1 A PLM solution manages your product’s lifecycle throughout every phase from ideation, development, and implementation to retirement. PLM, like any major purchase whether for personal or business, requires time invested. Globally, there are approximately 103,332 companies that are currently using PLM, with 65,804 based in the U.S.

Analytics Software 89

Analytics Software Modeling Software Sourcing Strategies Purchasing Training 89

Supply Chain Trend

DECEMBER 13, 2016

These leaders all have 20+ years S&OP experience and published books, whitepapers and articles in renowned magazines. From the written S&OP materials seen, I’ll estimate that millions of companies across the world have spent billions of dollars over the last 30 years in consulting, software, and other planning projects.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

GlobalTranz

JULY 12, 2017

Computers are working harder and faster than ever before to keep up with the demands of modern manufacturing. Computers and any peripherals must be setup within an industrial computer cabinet in accordance with manufacturer guidelines. You can confirm this with your supplier when planning an enclosure purchase.

Manufacturing Procurement 153

Manufacturing Procurement Industrial Industry Demand Planning Software 153

ShipBob

JANUARY 9, 2023

In this article, we’ll cover a step-by-step breakdown of what it takes to build an effective Amazon listing, and how to keep it optimized for long-term success. It highlights all of the most pertinent information, including a product’s title, ratings from past purchasers, description, images, and pricing. What is an Amazon listing?

Price Reduction 52

Price Reduction Purchasing Skills Inventory Reduction Vendor Strategies 52

GlobalTranz

MARCH 28, 2016

The data from this global virtual item master takes another step in its evolutionary journey and is refined using an online, cloud-based platform with user tools that automatically present the normalized data obtained from all sources, both internal and external, in natural English.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Optimization Software Inventory Management Software Modeling Software 120

Talking Logistics

DECEMBER 16, 2016

retailer Walmart and Tsinghua University announced a joint effort to track the movement of food products in China using blockchain technology to improve food safety in the world’s second-largest economy”; and just last month, Mahindra and IBM announced they are developing a blockchain solution for supply chain finance.

Predictive Analytics Software 50

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 50