ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir. “In Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. What can possibly go wrong?

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

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

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

6 River Systems

DECEMBER 13, 2019

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Requis

OCTOBER 30, 2020

People are still worried about having efficiencies in their warehouses, making sure they’re laid out properly, and having the right processes. A lot of companies now will have regional hubs with just smaller satellite warehouses in each country. People are still concerned about outsourcing logistics and doing that right.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

ToolsGroup

APRIL 1, 2022

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Consultancy UK).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Shaman

NOVEMBER 9, 2014

The team was organized around the functional silos of source, make and deliver. When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. It had been this way for over two decades. I was asked to be an agent of change.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

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

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

OptiProERP

JUNE 17, 2019

Whether it is about inventory in transit, in a warehouse or in distribution centers, visibility is a must. When stock is optimized in the right manner, routine inventory audits are done on time, inbound, outbound, warehousing, and in-transit movements are tracked meticulously. What Improved Inventory Visibility does.

Real-time Visibility 66

Real-time Visibility Inventory Reduction Optimal Sourcing Supply Chain Planning Software 66

Logistics Viewpoints

FEBRUARY 28, 2022

As an E2open forecasting benchmarking report pointed out, “for companies trying to predict demand in March of 2020 as the world was descending into lockdown and everything was being turned upside down, what happened in March of 2019 had little to no relevance.”. At Coupa supplier risk is also flagged for single source or capacity constraints.

Optimal Sourcing 282

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 282

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For others it is tightly managed, actioned and used to determine Procurement’s effectiveness in either reducing losses or generating profit. Get OUR EBOOKS HERE.

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

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. It is safe to say that if a warehouse operation is not implementing Lean, it is falling behind its competition. But, it can be overdone.

Waste Reduction 274

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

Precoro

AUGUST 31, 2023

For instance, they can do so by improving operational processes, making cost-efficient decisions on personnel, initiating work environment changes, upgrading technology, sourcing strategically, and so on. Take your time and ask employees if they can come up with the source of spending inefficiencies.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Supply Chain Management and Analytics

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. This includes internal and external data sources.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

Enterra Insights

JUNE 17, 2020

Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. This may include data on truck locations/routes and data to identify warehouses and their congestion.

Supply Chain Planning Software 130

Supply Chain Planning Software Sourcing Strategies Supply Chain Software Supply Chain Strategy 130

LevaData

APRIL 24, 2019

The sourcing and procurement industry is facing a daunting challenge. Sources of Insight. In an industry where the primary focus of investment (approximately 80%) is still enterprise sources of insight, many organizations have difficulty getting and interpreting data about their external environment.

Modeling Software 40

Modeling Software Demand Planning Software Sourcing Strategies Material Savings 40

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping. Inventory and warehouse management.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

HICX Solutions

JULY 20, 2023

There is a particular focus on supply chains due to the amount of electricity used to store and transport goods in warehouses. During the manufacturing phase, this includes sourcing raw materials, manufacturing processes, storage and distribution and is even extended to the products’ end-of-life-cycle.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Software Supply Chain Procurement Analytics 40

Unleashed

JULY 23, 2023

They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. It provides a way to set performance benchmarks you can target to avoid performance issues that lead to costly delays. This way you can identify trends to address issues at their source and reduce your rate of return.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

BlueYonder

AUGUST 28, 2017

Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Order fulfillment requires orchestration across the traditional disciplines associated with supply chain planning, order management and warehouse execution. Transportation Optimization.

Optimal Sourcing 43

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 43

20Cube Logistics

FEBRUARY 3, 2022

Inventory got depleted in warehouses with no shipper coming to take it away. Trapped Inventory: While many distribution centers at some parts of the world stayed empty due to blank sailing, in many warehouses, inventory spilled over due to zero movement of goods.

Supply Chain Design Software 76

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

BlueYonder

AUGUST 28, 2017

Effective management of inventory procurement and replenishment, especially in smaller footprints, will increasingly influence the consumer experience. Order fulfillment requires orchestration across the traditional disciplines associated with supply chain planning, order management and warehouse execution. Transportation Optimization.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 40

Unleashed

JANUARY 29, 2024

The discontinuation of SKUs that have low sales volumes, high return rates, or high storage costs, can save on warehouse space, and handling fees. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU? Reduced storage and supplier costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

NC State SCRC

OCTOBER 8, 2016

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. This initiative benchmarked over 300 global companies, and set forth many of the principles for what we called “World Class Supply Chains”.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Software Manufacturing Procurement Agile and Lean Supply Chain 58

6 River Systems

JUNE 29, 2020

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. “Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources.

Supply Chain Planning Software 116

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

ThroughPut

JUNE 24, 2022

Accurate inventory management can ensure the right flow of items in and out of a warehouse. WAREHOUSE EFFICIENCY. An efficient warehouse is an integral part of the supply chain and automation can assist in the timely retrieval of an item from a warehouse and ensure a smooth journey to the customer. ENHANCED SAFETY.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Supply Chain Game Changer

FEBRUARY 4, 2020

But is just taking courses in basic topics like Procurement, Negotiation, Statistics, Operational Research or Planning sufficient? A course in Procurement, a course on Inventory management, a course in negotiation, and so on. He proceeded to tell me about the courses the participants had taken. It was all the basic stuff.

Education 67

Education Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 67

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. 1] https://infocus.emc.com/mauro_caputi/contracts-management-and-analytics-the-source-of-truth-for-big-data/.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

HICX Solutions

SEPTEMBER 23, 2020

Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust. It adds, “While most people who deal in data every day know that bad data is costly, this figure stuns.”.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

DynaSys

FEBRUARY 3, 2021

Understand their sources of income. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering. During the COVID pandemic so far, companies have been forced to close or shutter warehouses.

Modeling 97

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 97