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?

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Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

QAD

SEPTEMBER 1, 2020

Very few tasks today are done without some type of computer or data-based technology. If the power to the store went out, you could still purchase items and products could still be ordered from suppliers and distributors. Cybersecurity Risks in Food & Beverage Manufacturing. What are the Major Types of Cybersecurity Risks?

Beverage 67

Beverage Food Supply Chain Software Manufacturing Procurement 67

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. In inventory management, KPIs matter because they offer information about turnover, sales, demand, costs and more. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs.

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Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 114

ThroughPut

MARCH 24, 2024

But with the advent of the information economy and Artificial Intelligence (AI), this process became data-driven. Companies that leveraged the data they collected to enable more accurate demand planning, distinguished themselves from their competitors. A common trend underlying these problems is ‘unpredictability’.

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Unleashed

MARCH 22, 2022

No- and low-alcohol beverages – dubbed NoLo alcohol – have seen a dramatic rise in the last few years, driven by consumers seeking healthier beverage options. Here we get inside the NoLo industry boom – from what’s behind it, to how brewers and beverage manufacturers are taking advantage of it, to what the future looks like.

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Procurement Analytics Inventory Management Software Industrial Industry 98

crisp

JULY 20, 2023

We spoke with Rachel Meyers, Vice President of Finance and Operations at Swoon, to learn more about how the brand has used Crisp’s retail data platform to establish themselves as a data-driven organization, and help launch their latest iconic summer partnership. Rachel Meyers joined as Swoon’s first Director of Finance in 2020.

Inventory Reduction 52

Inventory Reduction Data Resource Reduction Price Reduction 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Technology advancements and adoption are driven by better data availability and a push for better visibility, efficiency and accuracy. Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). Internet of Things.

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Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Zipline Logistics

MAY 25, 2021

According to data from the Consumer Brands Association (CBA), CPG sales in 2020 grew by 9.4% Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods. cost per case.

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Procurement Analytics Food Report Optimal Sourcing 69

Logility

JANUARY 25, 2022

ATLANTA – January 25, 2022 – According to PWC’s December 2021 Global Consumer Insights Pulse Survey , about half of respondents consciously consider factors related to sustainability when making purchasing decisions. s current Form 10-K and other reports and documents subsequently filed with the SEC. Logility, Inc.,

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Supply Chain Planning Software Supply Chain Design Software Logility Supply Chain Network Software 204

Logility

JULY 20, 2023

Most demand planning software uses statistical algorithms, machine learning, and artificial intelligence to analyze historic data and look for seasonality or other trends in product sales. It’s crucial for your demand plan to be accurate because it’s used to set your procurement and manufacturing levels.

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Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

Logistics Viewpoints

SEPTEMBER 19, 2022

A MSCN is a collaborative solution for supply chain processes built on a many-to-many architecture which supports a community of trading partners and third-party data feeds. MSCN solutions provide supply chain visibility, network-based applications, and network analytics across an extended supply chain. Then there is FourKites.

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Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Network Software 157

Supply Chain Shaman

SEPTEMBER 10, 2020

During this pandemic, sensing market changes, using data, and driving decisions at the speed of business matters more than ever. Companies are drowning in data and short on insights. Food and beverage companies are experiencing double-digit demand. Demand latency is the time from channel purchase to order receipt.)

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Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 399

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. In the new normal, a data-driven approach to inventory management provides the basis for better and faster decisions.

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Unleashed

JANUARY 29, 2024

As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image. This helps them simplify their inventory management, reduce storage and distribution costs, and offer a more consistent and appealing product range to their customers.

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Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

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Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

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Procurement Analytics Metrics Quality Material Savings 120

ToolsGroup

SEPTEMBER 22, 2020

Supply chain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. Capture Additional Demand Inputs to Better Predict Short-Term Demand and Increase Reaction Speed in Replenishment.

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Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Enterra Insights

JULY 9, 2021

For example, Michael Browne ( @mbtravel ), Executive Editor of Supermarket News , reports, “Panic-driven, stock-up shopping drove massive grocery store visit growth in the first few weeks of March 2020.”[1] grocery sales by 11% in 2020, more than triple the growth of the previous two years, according to data from the U.S.

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Procurement Analytics Purchasing Skills Price Reduction Food 130

RFgen

APRIL 12, 2024

Therefore, the goal is to optimize cost to optimize profits and catalyze growth. To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Next is the cost of storing the inventory.

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Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

BlueYonder

NOVEMBER 20, 2023

Blue Yonder was named a Leader in this inaugural report and the leader in the Better Functionality quadrant based on an evaluation of our Blue Yonder Warehouse Management solution. Blue Yonder’s WMS , a SaaS solution, empowers businesses to deliver consistently high service at a value-driven cost.

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Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Analytics Software 119

Unleashed

AUGUST 29, 2023

How inventory management software works: Acquire inventory management software: A third-party software vendor is procured based on your business’s inventory management requirements. The purchasing manager can then create a purchase order for the required goods and send it to your supplier.

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Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

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Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Unleashed

NOVEMBER 16, 2022

New manufacturing data has revealed which industries and nations are leading the way in the post-pandemic economic recovery – and the tactics they’re using to beat supply chain disruption. We did this by analysing four key metrics: The average value of total stock on hand – reflecting the volume of goods held (plus impacts from inflation).

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Manufacturing Procurement Inventory Reduction New Zealand Price Reduction 52

Alloy

MARCH 18, 2021

McLane Company is an important customer for many food and beverage brands, who use its supply chain services to get their products to grocery, drug and convenience stores. McLane typically doesn’t monitor this data, so their orders and distribution don’t take into account the valuable insights from it.

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Unleashed

MARCH 19, 2024

Learn more in the latest Manufacturing Health Index report. Avoid having too much capital tied up in inventory; use stock optimisation software to set optimal min and max levels based on historical data and sales trends. This will help you slash your inventory and storage costs in one fell swoop. Lease big ticket items.

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Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Purchasing Skills 52

QAD

JANUARY 19, 2023

Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment. This integration of supply and demand requires a special mix of business operations, procurement, accounting, and production.

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Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

Unleashed

MARCH 21, 2023

Last year, data from 4,500 manufacturers using Unleashed inventory management software revealed firms were typically spending twice as much on stock as they were before the pandemic. Companies in this boat will have longer cash flow cycles, and that means less opportunity to correct course on the purchasing side.

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New Zealand Procurement Analytics Manufacturing Procurement Report 52

Enterra Insights

NOVEMBER 14, 2022

Emily Moquin ( @emilybmoquin ), a food and beverage analyst, reports, “Persistently high inflation in the grocery category has led to persistently high consumer concerns. In response to these concerns, Moquin reports that consumers have changed their purchasing behavior in several ways. Purchasing prepared foods.

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The Logistics & Supply Chain Management Society

JULY 20, 2020

The rush to stockpile basic needs like food, beverages and toilet paper led to a dramatic increase in sales at retail outlets such as supermarkets. Existing data and information might be incomplete and inaccurate, feedback from the team might be delayed. Efficiency and cost management. Put first things first.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

crisp

MAY 9, 2023

In today’s highly competitive landscape, brands have the unique opportunity to build stronger partnerships, prove their market value, and hit sales goals by bringing compelling data to retail buyers. Today’s most successful brands are using retail sales data to grow their existing retail accounts and forge relationships with new retailers.

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Logility

JANUARY 28, 2022

A 2021 McKinsey report suggests that COVID has put supply chain risk on everyone’s radar. That’s all well and good, but the report goes on to say that “significant blind spots remain.” One key finding: 85% of respondents indicated that they have shifted their purchase behavior toward sustainable products over the past five years.

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Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 130

Zipline Logistics

DECEMBER 1, 2020

Since much of the previous year in business and elsewhere was defined by a global pandemic, we are left asking what will 2021 look like for food and beverage shippers. These buyers want to continue food and beverage trends in a similar direction that we saw in the latter 2010s. Increased Sourcing Transparency .

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Food Trends Manufacturing Procurement Procurement Analytics 52

Enterra Insights

FEBRUARY 15, 2022

Grocery industry journalist Sam Silverstein ( @SilversteinSam ) reports, “Shoppers expect to spend an average of $611 per month on groceries [in 2022], an increase of about $79, or nearly 15%, over their projected food budgets for 2021, according to a consumer survey conducted by accounting firm KPMG.”[3] Better Use of Data.

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Trends Predictive Analytics Software Modeling Software Supply Chain Planning Software 130

Unleashed

AUGUST 17, 2021

Advantages: Manufacturers save on infrastructure costs : the company avoids the cost of purchasing, managing and periodically upgrading expensive software. Because the software is backed up offsite, data is safe in the case of events like flooding, fire and theft. Disadvantages: CAD systems can be costly to purchase.

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Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical. We must rethink our leaders based on performance data and begin holistic learning. ” I smile as I work on data for a client where the greatest risk is demand. A Focus On Risk.

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Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

Unleashed

OCTOBER 6, 2021

VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system. Learn more: Vendor Managed Inventory: The Complete Guide There are several methods for reducing inventory costs – getting your suppliers to manage stock levels for you (VMI) is one of them 2.

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