Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. This helps executives in planning inventory, staffing, and budget allocations. OPERATIONS Supply Chain Optimization Analytics can optimize inventory levels, reduce delivery times, and predict supply chain disruptions.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Unleashed

JULY 25, 2021

Let’s look at how smart food businesses can reduce their waste – and how the right food manufacturing software helps them do it. Sustainable food waste management therefore looks at strategies to reduce waste where it occurs, before it occurs. How can food and beverage manufacturers reduce their waste?

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 82

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 82

IQMS

JANUARY 9, 2020

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. What we learned together creates the foundation of our top ten manufacturing trends for 2020.

Trends 91

Trends Manufacturing Predictive Analytics Software Supply Chain Design Software 91

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. Samsung has a specific set of best practices it follows to manage its supply chain.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Logistics Viewpoints

FEBRUARY 14, 2024

Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics.

Supply Chain Planning Software 250

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 250

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

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

BlueYonder

JULY 14, 2021

It’s the collective sigh from many of us who have been fervently working toward building the future of sustainable supply chains. Sustainability cannot be a separate box to check — it must be ingrained in every system and every decision. Why the sigh, you ask? Waste Reduction.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Waste Reduction Supply Chain Optimization 52

BlueYonder

NOVEMBER 15, 2022

Much of our world relies on the timeliness, effectiveness, quality, and reliability of manufacturers. However, it is proving to be a more complex proposition for manufacturers who are typically more nascent in their digitalization efforts, and in bringing improved connectivity and visibility to their supply chains.

Capacity 77

Capacity Manufacturing Supply Chain Planning Software Optimization Software 77

ToolsGroup

JULY 6, 2023

IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

BlueYonder

JANUARY 17, 2023

The following are the insights gained from my discussion with Shri Hariharan , who leads Blue Yonder’s Consumer Manufacturing Industry Strategy, during a recent Blue Yonder Live and webinars that we prepared for jointly. We discussed the urgency to enable a unified plan with the Manufacturing Industry Cloud (MIC) for Consumer Industries.

Consumer Goods 72

Consumer Goods Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 72

Silvon Software

JUNE 1, 2023

Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period. This may involve streamlining procedures, eliminating waste, improving supplier collaboration, optimizing transportation routes, or enhancing inventory management practices.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Stord

AUGUST 5, 2020

An EPA SmartWay partnership provides us with the gold standard of emissions calculating tools for sustainability accounting. The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Logistics Viewpoints

APRIL 1, 2021

Collaborating with suppliers on demand forecasts, inventory, and capacity: Supply chain teams can make optimal projections of material and capacity needs by supplier. Through collaboration, supplier inventories can be closely monitored for any shortages and proactive interventions. This can in turn benefit Tier 2 suppliers and beyond.

Optimal Sourcing 190

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 190

Logility

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. Inventory-based KPIs probably make sense for you, but how will you benchmark results? That’s a trap.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

6 River Systems

JULY 30, 2020

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). How much does it cost to store and maintain slow-moving or stagnant inventory?

Inventory Management Software 101

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 101

Locus

OCTOBER 25, 2023

Watch Now The growing spotlight on last-mile delivery As we navigate the digital age, industries like e-commerce, 3PL (third-party logistics), retail, and manufacturing are experiencing a seismic shift in how they operate, particularly in the realm of deliveries. Insights are just a click away! Read Also: Can Retailers Reinvent the Last Mile?The

Optimization Software 52

Optimization Software Analytics Software Inventory Management Software Demand Planning Software 52

RFgen

FEBRUARY 29, 2024

To ensure its place at the forefront of pharmaceutical manufacturing and supply chain management, Pfizer: Operates 58 Manufacturing Sites Worldwide Spanning continents, these sites are equipped with cutting-edge technology to ensure the production of high-quality medicines. billion in revenue in 2023 alone.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Software 52

Requis

OCTOBER 30, 2020

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Oracle SCM

JULY 12, 2017

They prioritized projects that reduced inventory and logistics expenses. Organizations prepared for the rebound while responding to the conditions of the new normal: a reduced labor pool, analytics-based demand insights, stagflation and deflation, issues surrounding energy and sustainability, and a burgeoning omnichannel marketplace.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Logistics Viewpoints

FEBRUARY 28, 2022

Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. A better forecast leads to carrying less inventory while maintaining or even improving service levels. But that was pre-COVID.

Optimal Sourcing 285

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 285

Supply Chain Game Changer

FEBRUARY 22, 2022

One of the areas which stood out for me early on as needing improvement was the Inventory Management performance. For a company that held itself out as being a global Supply Chain leader I was underwhelmed when I saw that their inventory turnover was around 6 turns. That is when I met Drew Morgan.

Inventory Reduction 79

Inventory Reduction Material Savings Waste Reduction Price Reduction 79

ToolsGroup

NOVEMBER 17, 2015

Despite the heightened service levels, the company operated their entire distribution network with less than two weeks of inventory. Rather than optimizing inventory to keep down working capital costs, it can make more sense to instead focus on optimizing service levels. The "perfect order" is a benchmark of supply chain performance.

Customer Service 0

Customer Service Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 0

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Source: EBN.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Precoro

FEBRUARY 26, 2024

Examples include human resources or IT departments, manufacturing plants, or project teams. An example of a machinery cost center would be a manufacturing plant without employee expenses. Manufacturing Cost Center A manufacturing cost center is a facility where expenses are incurred for producing goods.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

The Logistics & Supply Chain Management Society

JULY 14, 2021

Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. extra inventory. Furthermore, inventory buffering is required to meet demand and service levels, because the supply chain is not real time and can’t respond. Full actionability.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

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

GlobalTranz

JULY 26, 2017

You must ensure inventory levels do not cost sales, and you must still work to make an ever-increasing lineup of products available. Although the new administration is focused on restoring manufacturing in America, companies that fail to meet the administration’s standards, which are subject to change, may face large fines and penalties.

Analytics Software 122

Analytics Software Supply Chain Design Software Demand Planning Software Logistics Network Optimization Software 122

Precoro

AUGUST 31, 2023

Recall how manufacturers had to limit their on-site staff due to coronavirus safety regulations; more recently, food production in Ukraine was disrupted, which in turn affected the sales channels of Ukrainian products and everyone around the world who uses or distributes them. In situations like these, every cent matters.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Unleashed

SEPTEMBER 7, 2020

The best way to reduce costs in a manufacturing business is to target the three areas in which costs generally fall: direct labour, materials, and manufacturing overheads. What are manufacturing costs? Manufacturing costs are the sum of costs of all resources used in the process of manufacturing a product.

Cost Reduction Strategies 105

Cost Reduction Strategies Negotiating Skills Material Savings Expense Reduction 105

GlobalTranz

MARCH 7, 2016

As explained by Bruce Tompkins , improving the supply chain includes improving service levels through better inventory management, reducing operating costs, reducing order-cycle time, achieving 100-percent accuracy, improving supply chain security and control, and improving flexibility.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

20Cube Logistics

FEBRUARY 3, 2022

Inventory got depleted in warehouses with no shipper coming to take it away. Through providing lucrative discounts, offers and making their ware affordable, they had to resort to popular policies to navigate through the pandemic and sustain themselves.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

Unleashed

JUNE 8, 2023

Sustainability-focused brands may seek carbon-neutral suppliers. If you’ve already invested in inventory management software , you’ll be able to auto-populate future POs with supplier and product details and automatically update your stock levels upon receipt. Local businesses may prefer to keep it local.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

SEPTEMBER 6, 2021

For instance, if your company requires raw materials to manufacture its products, you first choose where to procure these materials, send a purchase order to the selected supplier, and pay for delivered items. Benchmarking and assessing results The final step takes place after the purchase is made. Sustainable Procurement.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97