HICX Solutions

DECEMBER 11, 2023

Supplier Management is an area within businesses that frequently shows significant potential for transformation through new and emerging digital technologies. Digital tools provide more accurate forecasting and inventory management and can avoid waste related to overproduction and unsold goods.

Supply Chain Planning Software 52

Supply Chain Planning Software Waste Reduction Cost Reduction Strategies Supply Chain Design Software 52

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. This is often managed with the help of supplier management software or inventory management software. In this post, we’ll unpack ten top procurement metrics and why they matter.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

SCMDOJO

APRIL 26, 2023

Category management is a continuous process that requires the participation of different firm stakeholders across business units throughout the procurement lifecycle, from early strategy development to the final supplier management. Make sure the supplier can meet the need/demand of the new strategy.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Supply Chain Game Changer

SEPTEMBER 6, 2022

Some of the materials were sourced and managed by the customers. Still the sourcing and supplier management of other materials was delegated to our facilities. And a cursory look at benchmark comparisons to competitors showed the company lagging behind in virtually every metric. Conclusion.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80

Supply Chain Network

DECEMBER 14, 2013

Networked companies have a single version of information related to inventory status, POs, inventory, shipments, payments and documents. Tom Boike, Vice President, Supplier Management, UPS. She has also authored The State Of Retailing Online a leading industry benchmark publication. Jeff Ashcroft.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

Precoro

FEBRUARY 27, 2023

Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management. This process will help to reveal preferred suppliers and negotiate better terms and lower costs.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

6 River Systems

DECEMBER 11, 2018

Logistics personnel and supplier management pointers. One of the keys to effective supply chain management is a control tower, essentially a single place where you can go to see everything that’s happening, evaluate your response and execute upon it. Logistics strategies for streamlined fulfillment.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

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.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Precoro

AUGUST 31, 2023

Benchmarks for evaluating spending levels can be internal (between departments) or external (between competitors in the market.) Some costs can appear relatively high compared to the budgeted benchmarks, but at the same time justifiable by the substantial returns on investment that they offer. Is your inventory optimized ?

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Logistics Bureau

OCTOBER 30, 2017

Inventory stock turns in Days. Free Supply Chain Benchmarking Chapter. Using KPIs for performance measurement ensures that you are always evaluating your business activity against a static benchmark. Inventory management. Purchasing and supplier management. Inventory levels. First Name *.

KPI 94

KPI Guinea-Bissau Virgin Islands Papua New Guinea 94