SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Logility

NOVEMBER 9, 2021

Technology, particularly corporate social responsibility solutions supported by AI and machine learning, increase transparency by identifying employment practices and enabling corrective action. . A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility. The stakes are high.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 130

Logistics Bureau

OCTOBER 20, 2021

Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process. Documents included in the metric can vary but usually include advance shipment notifications (ASNs), labels, and invoices. Inventory Days of Supply. x 0.96 = 0.8661.

Supply Chain Design Software 80

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

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Precoro

APRIL 22, 2024

As a part of FP&A, the finance team prepares documents such as income statements, balance sheets, and cash flow statements. Financial performance analysis is required to benchmark the company against the competition on the market and evaluate whether internal organizational benchmarks are met. This is also known as FP&A.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Others may use geo-visualization software to populate supplier data into an easily digestible and shareable form.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. Others may use geo-visualization software to populate supplier data into an easily digestible and shareable form.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

Supply Chain Opz

NOVEMBER 9, 2014

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

6 River Systems

APRIL 23, 2019

Alexandra Zelenko is a Marketing and Technical Writer at DDI Development company that delivers web and mobile digital solutions for a wide range of business expertise, such as recruitment, fintech, CRM, e-learning, logistics, etc. By introducing solutions that add automation, errors can be eliminated from task workflows. DevGuildDDI.

Warehousing 97

Warehousing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 97

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. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

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

EMERGE App

OCTOBER 4, 2018

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Inventory Management Mistakes – 8 Horrors of Inventory Management.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Companies had to survive the disruptions by obtaining visibility throughout their supply chains, some may have done so through large amount of manual effort rather than more automated solutions. but when demand slowed, the pressure to reduce inventory becomes a lot higher. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Logistics Bureau

DECEMBER 3, 2017

SCLA focuses on the practical knowledge necessary to succeed in real-world supply chain management, and therefore is not heavily laced with academic theory, although of course all key concepts, models, and tools are explaine d as part of the program content. Supply chain documentation. Inventory management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

Logistics Bureau

JULY 21, 2017

According to our own research at Logistics Bureau, less than 40% of businesses have documented a strategy for their supply chain operations. While Wal-Mart invested in fleet assets to drive distribution costs down, Kmart persevered with the use of external carriers and did nothing to try and reduce inventory touch-points.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Inventory Reduction Vendor Strategies 45

Unleashed

FEBRUARY 28, 2023

More accurate receiving also helps prevent overstocking and understocking by providing clearer data for your inventory replenishment team to rely on. Improve inventory accuracy: Improved receiving efficiency typically leads to improved inventory accuracy. So, how do you measure receiving efficiency in your warehouse?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

EMERGE App

DECEMBER 31, 2018

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. And there’s pesky no software to install, setup or maintain. For import-export companies, you need to have your operations down pat with sophisticated inventory management software to back you up.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

6 River Systems

JUNE 29, 2020

It’s likely that in the coming months and years, many supply chain leaders will look to automation solutions that help to minimize physical contact and the number of touches required to move products through the supply chain. “Business leaders should also look at how new tools and technologies can provide greater intelligence.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

6 River Systems

JUNE 25, 2019

Advances in logistics technology , such as automated robots , have a big impact on warehouse productivity, along with innovative AI and machine learning solutions, sophisticated warehouse management software and other technology solutions. Have experienced workers handle put-away tasks. Identify your KPIs.

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56

6 River Systems

DECEMBER 5, 2019

The modern warehouse is complex, and management must balance a number of factors including software, automation, training and processes such as receiving, picking and inventory management. If half of the orders you get come from 10% of the products you have in the inventory, put these items nearest the entrance of the picking area.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 52

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

EMERGE App

MARCH 10, 2019

There’s no question that inventory management and accounting are inseparable. Small and medium-sized businesses that deal in physical goods want to manage their inventory and the flow of goods in their business. And to benchmark and report their financial performance. Complete control over your inventory or convenience?

Inventory Management Software 40

Inventory Management Software Inventory Management Procurement Solutions Demand Planning Software 40

ShipBob

MAY 13, 2020

These shoppers might just be in the browsing phase of their purchase journey, therefore, you may have to pay a much higher bid to rank for these queries, which can cut into your ROAS. With this search query, shoppers have a higher intent of purchasing because they’re much more specific with their search. Higher value search query.

Price Reduction 98

Price Reduction Waste Reduction How To Inventory Reduction 98

Zipline Logistics

JUNE 30, 2020

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Bill of Lading (BOL) — A legally binding document between a shipper and carrier that details all the information needed to process a freight shipment. Typically, detention results in a charge to the consignor.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

Logistics Bureau

OCTOBER 31, 2016

If so, prepare to be surprised, because it doesn’t get any more basic than this: Your company must have a documented and commonly understood supply chain strategy. Correcting poor network design is one of those supply chain basics to which there might not be a simple solution. Inventory Management in the Warehouse.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

EMERGE App

MAY 10, 2020

As some of you may know, EMERGE App was born out of an in-house inventory management solution for a custom t-shirt printing business that our founder ran while in school. But it ultimately brought respectable profits and a pivot to the inventory management solution that you see today. It was a painful learning experience!

Purchasing Skills 83

Purchasing Skills Sourcing Strategies Inventory Management Software Inventory Reduction 83

EMERGE App

MAY 10, 2020

As some of you may know, EMERGE App was born out of an in-house inventory management solution for a custom t-shirt printing business that our founder ran while in school. But it ultimately brought respectable profits and a pivot to the inventory management solution that you see today. It was a painful learning experience!

Purchasing Skills 52

Purchasing Skills Sourcing Strategies Material Savings Price Reduction 52

RFgen

JANUARY 18, 2024

TL;DR: This article provides a comprehensive guide on migrating to a cloud-based ERP (Enterprise Resource Planning) solution. The article also outlines the roles and responsibilities during the migration process, factors to consider when choosing the right ERP solution , and the critical steps involved in the migration process.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72

GlobalTranz

MAY 23, 2016

You may have to learn how to navigate a new software, or your organization may simply need additional training on a new transportation management system (TMS). Therefore, the organization can view internal and external benchmarking results for comparing performance against competitors.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136

Precoro

AUGUST 31, 2023

They can offer valuable feedback on the data, as they are more familiar with the realities of purchasing habits. Employees should be given the opportunity to explain their spending needs so that a solution can be found that suits both teams and budgets. What solutions can we propose for each department?

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105