Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

Optimal Sourcing 289

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 289

Supply Chain Shaman

JUNE 26, 2025

Example 1: Retail Example 2: Food Ingredients Example 3: Medical Device After mapping the demand flows and identifying market data, latency, and forecastability, the class then designs bi-directional orchestration activities. The one-size-fits-all, tight integration of APS to ERP degrades the forecast and accelerates the bullwhip effect.

Material Savings 221

Material Savings Waste Reduction Cost Reduction Strategies Price Reduction 221

Logistics Viewpoints

DECEMBER 2, 2024

We have benchmarked our SCI (Supply Chain Intelligence) solution; we looked at all the solutions in the industry. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. It started out as a traditional control tower. But then it very quickly evolved into a full intelligence platform.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 288

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. A supply chain planning model learns when the planning application takes an output, like a forecast, observes the accuracy of the output, and then updates its own model so that better outputs will occur in the future.

Optimal Sourcing 355

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 355

Logility

MAY 14, 2025

Whether its demand forecasting, network design, or manufacturing optimization, AI is enabling companies to respond faster and smarter to disruption. Companies need a comprehensive view of their supply chain network to understand how every change impacts procurement, production, and distribution. Access Report

Gartner 131

Gartner Modeling Supply Chain Design Software Optimal Sourcing 131

Precoro

JUNE 2, 2025

Definition: Financial forecasting is a projection of the company's future financial performance based on historical data, market research, and business needs. The forecasts act as a guide, which you can use to make strategic decisions on resource allocation and define clear, attainable goals.

Forecasting 45

Forecasting Forecasting Software Expense Reduction Procurement Solutions 45

ivalua

JUNE 12, 2025

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

ivalua

JUNE 17, 2025

In a world of ever-growing economic uncertainty, procurement is at the heart of organizations’ aim to drive efficiency and cost savings. This blog provides an overview of the most significant insights and best practices to make your procurement teams future ready.

Optimal Sourcing 100

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Analytics Software 100

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Attribute-based forecasting when introducing new products. On-time-in-full performance of distribution centers.

Supply Chain Planning Software 284

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 284

Supply Chain Shaman

JUNE 3, 2013

At a time that marketplace offerings were super-hyped, I forecasted the doom of ten e-marketplace providers. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications.

Supply Chain Design Software 321

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 321

SCMDOJO

FEBRUARY 15, 2025

AI-powered demand forecasting tools also improve decision-making by predicting market fluctuations and suggesting adjustments to inventory and production schedules. Use Demand-Driven Supply Chain Models The approach ensures production and inventory levels align closely with actual market needs, rather than relying on static forecasts.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

Freight Waves

JULY 3, 2025

This new feature strengthens procurement and negotiation strategies by helping users understand when rates are likely to dip or spike, allowing for more effective timing of negotiations with carriers. These data-driven insights are crucial for enhancing forecasting and long-term strategic planning.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Comparison Forecasting Software 52

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

ToolsGroup

JULY 6, 2023

FeaturedCustomers 2023 Market Leader in Demand Forecasting Software MAY 2023 – FeaturedCustomers has named ToolsGroup a Market Leader in the Demand Forecasting Software category in its Spring 2023 Customer Success Report. ToolsGroup has also been named a FeaturedCustomers 2023 Top Rated Software and Hot 100 Vendor.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

ToolsGroup

DECEMBER 17, 2020

Cloud has evolved to provide the ideal infrastructure and platform for hosting multiple supply chain partners to collaboratively offer optimized services including planning, logistics, sourcing, procurement and service parts management. Check out our primer on probabilistic forecasting here. Who can provide them? Not at all!

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

Logistics Viewpoints

AUGUST 9, 2022

Having that SKU-level inventory visibility across the entire supply chain is critical to the ability to more accurately forecast supply and demand, and compress the time needed for all parties to make any necessary adjustments. Is it sitting at the warehouse yard, or has it reached the store? Integration with other key systems. All aboard.

Inventory Management Software 261

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 261

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. In my work I encouraged companies to improve their demand forecasts and advocated, that if this happened, overall performance could improve. This does not mean I think forecasting is an unimportant process.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 176

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 176

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. This causes a misalignment of actions, such as suppliers not making the right item at the right time due to forecast inaccuracy. These are three examples: Rule 3.1:

Waste Reduction 274

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

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. Next, the enterprise can set targets.

Cost Reduction Strategies 261

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 261

Logistics Viewpoints

MARCH 21, 2021

As forecasting and order fulfillment becomes more automated, the skills needed by supply chain planners become more analytical. But Nicolas Frasquet, the executive director of corporate procurement, asserts the savings are not just based on optimization technology. The pace of change continues to accelerate.

Supply Chain Design Software 317

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling 317

SCMDOJO

MARCH 24, 2025

This negative variance can result from bypassing defined procurement processes, Internal mismanagement, or ineffective price negotiations with suppliers. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

Demand Solutions

MARCH 27, 2020

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

TransAudit

JUNE 24, 2025

Here’s what it enables: Proactive Budget Management Spot anomalies before they balloon into systemic issues Track spend-to-budget in real time across lanes, carriers, and modes Adjust forecasts based on actual trends, not historical guesses Informed Carrier Negotiations Use verified data to push back on unjustified accessorials or rate hikes Benchmark (..)

Real-time Visibility 61

Real-time Visibility Negotiating Skills Optimal Sourcing Cost Reduction Strategies 61

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Bankruptcy.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

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 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Procurement Academy

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

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

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

SCMDOJO

JUNE 9, 2025

In the procurement phase, documentation begins with purchase orders and supplier contracts. To actively reduce manual errors and benchmark performance, SCMDOJO’s Logistics KPIs Excel Template offers a ready-to-use tool that tracks efficiency metrics directly tied to documentation quality.

Supply Chain Planning Software 52

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

Talking Logistics

OCTOBER 28, 2014

Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. We don’t shop rates. We look for value and long-term partnerships.

Expense Reduction 253

Expense Reduction Cost Reduction Strategies Price Reduction Capacity 253

Supply Chain Game Changer

MARCH 28, 2020

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Could the CPO Be Replaced by the Chief Value Officer? ” Ouch!

Procurement Analytics 93

Procurement Analytics Procurement Solutions Pricing Training Negotiating Skills 93

Jaggaer

OCTOBER 24, 2024

Following a forecast to suppliers, a Tier-1 supplier collaborates with its suppliers—Tier 2 for the buyer—to obtain critical components for producing products and/or services. Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

Demand Solutions

DECEMBER 15, 2015

Benchmark against key performance indicators of demand planning excellence. We so often hear, “Oh… the forecast spreadsheet broke again. Improved forecast accuracy continues to be an area of supply chain planning that companies feel offers the greatest opportunity for improvement.

Supply and Demand 100

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 100