Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.

Manufacturing Procurement 173

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Planning Software Optimal Sourcing 173

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

QAD

JANUARY 11, 2022

After the last two years, it’s no surprise that some might be hesitant to make predictions about the state of manufacturing, supply chains and digital transformation for the new year. Automating procurement processes gives manufacturers the systematic approach they need to manage the supply chain.

Manufacturing Procurement 94

Manufacturing Procurement Predictive Analytics Software Predictive Analytics Supply Chain Software 94

GlobalTranz

MARCH 24, 2017

Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. Possibly not. The remaining 70 percent are hindered by outdated business models and technology.

Manufacturing Procurement 209

Manufacturing Procurement Sourcing Strategies Manufacturing Optimal Sourcing 209

QAD

OCTOBER 6, 2022

Manufacturing Day is all about paving the way for the next generation to see themselves in our field and sustain manufacturing into the future. Around the US, companies and schools are collaborating to give students a peek into our exciting world of modern manufacturing. The Next Generation of Manufacturing.

Manufacturing Procurement 96

Manufacturing Procurement Sustainability Waste Reduction Manufacturing 96

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Unleashed

APRIL 28, 2021

Manufacturing production is the process of making finished goods from raw products through the use of human and machine labour, in the most efficient and cost-effective way. There are three methods of manufacturing production: make to stock, make to order and make to assemble. Why use make to stock? Who should use make to stock?

Manufacturing Procurement 90

Manufacturing Procurement Forecasting Software Manufacturing Inventory Management Software 90

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

DELMIA Quintiq

SEPTEMBER 22, 2021

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. Getting raw materials manufactured into something whole and useful is a complex process.

Inventory Management Software 294

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 294

Unleashed

FEBRUARY 21, 2022

As 2022 kicks in, the manufacturing sector is being shaped by technological change and the Covid-19 pandemic. Digital, connected and smart systems are on the rise, while at the same time manufacturers face challenges such as the ‘Great Resignation’ and clogged-up supply chains – as well as increasing demand for sustainable products.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 98

Unleashed

AUGUST 12, 2021

Food manufacturers will find new opportunities in the alternative protein market as consumer demand surges for non-meat proteins: insect, plant and algae-based products, and ‘lab meat’ cultivated from animal cells. The demand for alternative proteins has surged in recent years, creating an opportunity for food manufacturers.

Manufacturing Procurement 98

Manufacturing Procurement Case Study Food Study 98

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Fabricators now are trying to be fast enough to meet any and all customer needs whenever they crop up. Manufacturing manufacturing tips'

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Most manufacturers focus on reducing costs but overlook the benefits of identifying the causes of the quality costs.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

USC Consulting Group

AUGUST 17, 2020

However, with manufacturers and supply chains across the world reeling with the ongoing problems the pandemic has presented, we are seeing a definite shift in the ways business is conducted. Overall, factory shutdown and manufacturing delays have shrunk foreign direct investment by 5-15% , as global trade and supply is interrupted.

Manufacturing Procurement 81

Manufacturing Procurement Demand Planning Software Supply and Demand Manufacturing 81

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Ware2Go

JANUARY 7, 2022

Experiencing the negative effects of overextended supply chains and lean manufacturing, merchants are looking to forge a balance between JIT and JIC purchasing models that reduces risk and maintains profit margins. What is just-in-time procurement? What is just-in-case procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. This is particularly true in the food manufacturing industry, which characteristically has a high volume of products stored, and an urgent need to fill existing client orders to match ongoing consumer demand.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

The Logistics & Supply Chain Management Society

APRIL 26, 2022

by Stephanie Krishnan – Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific, IDC Asia/Pacific. “By By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Sustainability 264

Logistics Viewpoints

NOVEMBER 17, 2022

This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. This shortage and sudden uptick in demand weren’t something that most can manufacturers were prepared for. Many breweries were also reported to be paying premiums to purchase cans just to meet their immediate needs.

Packaging 226

Packaging Food Manufacturing Procurement GEP 226

Supply Chain Shaman

NOVEMBER 11, 2020

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Job satisfaction wanes as the days filled with an endless cycle of meetings, with many not useful. Kinaxis Purchase of Rubikloud.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Unleashed

JUNE 15, 2021

Contract manufacturing is when a business outsources certain manufacturing requirements to another. It is often used by major companies requiring the mass production of goods that find it more financially viable to outsource the manufacturing. Who uses contract manufacturing? How does contract manufacturing work?

Manufacturing Procurement 80

Manufacturing Procurement Manufacturing Modeling Material Savings 80

OptiProERP

NOVEMBER 3, 2022

and how it’s affecting manufacturers. Their findings show that 58% of manufacturers already have a digital transformation strategy and have implemented Industry 4.0 Based on the findings in this study, the key takeaway was that manufacturers should aggressively invest in Industry 4.0 technologies within their company.

Manufacturing Procurement 52

Manufacturing Procurement Vendor Strategies Manufacturing Analytics Software 52

HICX Solutions

JANUARY 25, 2023

By Costas Xyloyiannis, CEO of HICX As we usher in 2023, the procurement and supply chain operating model will continue to evolve. And manufacturers still need to meet demand. Additionally, large manufacturers depend upon their supplier networks for on-time delivery, service and innovation. Read full article

Manufacturing Procurement 52

Manufacturing Procurement Procurement Modeling Software Supply Chain Network Software 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Synovos

JANUARY 8, 2024

Procurement culture: challenging the old, developing the new One of the biggest challenges facing the indirect procurement industry today is digitalization. Will procurement roles continue to exist? The big question is whether procurement roles like mine will still be around in years to come.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction Strategies 52

GlobalTranz

DECEMBER 7, 2015

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. Manufacturers will seek custom (or specifically tailored) e-commerce solutions.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Resilinc

NOVEMBER 29, 2022

Resilinc CEO Bindiya Vakil recently contributed a WEF Agenda article in which she urges procurement and supply chain managers to adopt a new mindset as they seek to build more resilient supply chains in the aftermath of the pandemic. Read the full article: Resilient supply chains: Why every supplier counts.

Price Reduction 62

Price Reduction Cost Reduction Strategies Supply Chain Strategy Manufacturing Procurement 62

Supply Chain Shaman

JULY 19, 2020

Conversely, the value of a firm will never be created by improving the functional metrics of Purchase Price Variance, Overall Equipment Efficiency (OEE), lowest cost of transportation, or cash-to-cash efficiency. As an appetizer to this article, please indulge me by letting me share some favorites: Management is about arranging and telling.

Supply Chain Design Software 405

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 405

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) We source this data from Y charts. Mistake #3. My challenge?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent?

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Supply Chain Shaman

APRIL 16, 2024

Last week, I published an article on outside-in planning. The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supply chain planning. The sad fact is that most planners spend six to seven hours a day in meetings and struggle to get timely information.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

SCMDOJO

MARCH 19, 2024

This article describes a streamlined supply chain department, ultimately leading to increased productivity and profitability. While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

OCTOBER 19, 2022

For this article, we will define real-time data as the availability of data and the usage within 15 minutes of the occurrence (writing or publishing from an input system). Planning outside of lead time in the tactical horizon is essential to manage costs, defining buffers, and sourcing strategies. The Quest to Use Real-Time Data.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. With the right strategies in purchasing, logistics and supply chain, you can navigate through a recession and come out as a winner.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52