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 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

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

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.

Waste Reduction 274

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

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%). Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

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

6 River Systems

APRIL 23, 2019

Warehousing consists of multiple processes including receiving/documenting incoming products, storing products based on specific warehouse design criteria, picking orders, documenting parts picked, packaging, shipping and documenting damaged/returned parts. Carl Hillier. tech_evangelism. Dary Merckens. gunnertech.

Warehousing 97

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

EMERGE App

OCTOBER 4, 2018

Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Remember to use metrics such as the order fill rate to judge just how well you are managing your orders and thus stock levels. Horror 4: Zombie Workflow.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement. What is receiving efficiency?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Zipline Logistics

JUNE 30, 2020

These are a la carte, or per service, and outside of standard shipping and receiving. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Carriage — In maritime shipping, carriage refers to the movement of cargo on a vessel after loading and before unloading.

Supply Chain Planning Software 52

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

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

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

EMERGE App

DECEMBER 31, 2018

Historically low shipping rates are slowing creeping back up. You need to be able to juggle multiple currencies and generate documents in different languages. Better still, save time by having the software automatically calculate landed costs or CBM , for example. Repeat purchases beat finding new customers any time.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

GlobalTranz

MAY 23, 2016

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. However, the set-up costs and initial implementation of LTL relationships can seem daunting. Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136

6 River Systems

JUNE 25, 2019

After all, if you don’t have a product to store and ship, you don’t have a business. “That vital information includes the name of the supplier, the associated purchase order number, the pallet label and quantity, the case label and quantity, the product number, the description, the package count and the SKU.”

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56

6 River Systems

DECEMBER 5, 2019

The more orders that are picked, the more orders can be shipped, and that means more orders can be invoiced, hence picking directly increases the revenue for the distribution center. Throughput is the measure of inventory that is received into the inbound dock doors and shipped through the outbound dock doors by fulfilling orders.”

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 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. It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order.

Supply Chain Design Software 40

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

EMERGE App

MAY 10, 2020

You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Drill down on individual sales orders for more details or quickly generate PDF documents from them. And share these with the rest of your sales team!

Purchasing Skills 83

Purchasing Skills Sourcing Strategies Inventory Management Software Inventory Reduction 83

EMERGE App

MAY 10, 2020

You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Drill down on individual sales orders for more details or quickly generate PDF documents from them. And share these with the rest of your sales team!

Purchasing Skills 52

Purchasing Skills Sourcing Strategies Material Savings Price Reduction 52

Precoro

AUGUST 31, 2023

They can offer valuable feedback on the data, as they are more familiar with the realities of purchasing habits. Such “democratization” of data allows cost analysts to gauge first-hand insights that are not always directly available to upper management. Be thoughtful not to make the conversation hostile.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105