Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

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

ShipBob

JULY 18, 2022

As an ecommerce business, maintaining inventory is make or break for your brand. After all, having inventory on hand is important to keep operations running smoothly and to satisfy customers. But there are various considerations to keep in mind: Do I have enough inventory to meet demand? How can I overcome inventory loss?

Risk Management 52

Risk Management Inventory Reduction Inventory Management Software Inventory 52

ToolsGroup

SEPTEMBER 18, 2023

Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to www.WomenInSupplyChainForum.com to register and learn more.

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Supply Chain Planning Software Supply Chain Software ToolsGroup Supply Chain Planning 156

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Function: operation management, logistics and inventory. Let’s dive in. What is a Supply Chain?

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

RFgen

JANUARY 16, 2023

The Coca-Cola supply chain can be a role model for how beverage manufacturers can improve efficiency. With 48% of global market share and two of the world’s top three beverages, it’s no secret that Coca-Cola is a successful brand. ALSO READ: Be like Coke with a mobile food & beverage supply chain ». Manufacturer.

Supply Chain Planning Software 52

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

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. The second story is about a regional beverage manufacturer.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Otherwise, inventory positions can become misaligned, leading to suboptimal revenue generation and needless waste. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Stord

DECEMBER 4, 2023

We are proud to build integral software solutions—in addition to our suite of logistics services—to help brands grow with our intuitive order and inventory management system, Stord One Commerce (OMS), and our warehouse management system, Stord One Warehouse (WMS).” This award comes on the heels of continued momentum for Stord.

Demand Planning Software 60

Demand Planning Software Logistics Network Optimization Software Inventory Management Software Food 60

Logility

AUGUST 23, 2021

Food and beverage (F&B) industry executives face mounting pressure to keep up with soaring demand. Optimizing Inventory Across Supply Chain Tiers. F&B companies that leverage an MEIO strategy have reduced their total inventory volume by at least 20% without compromising the quality of their customer service and fill rates.

Supply Chain Software 130

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 130

Synovos

FEBRUARY 21, 2023

I have spent a great deal of time talking to engineers, maintenance and procurement professionals involved in MRO,” says Will Brummett, Vice President of Sales, North America, for RS Integrated Supply. “I Calculate Total Cost of Ownership 68% said managed inventory services provided better visibility of stock and spend. The solution?

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Inventory Reduction Price Reduction 52

Unleashed

AUGUST 17, 2021

These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. It optimises inventory management, and gives real-time visibility and inventory accuracy. Who is inventory management software best for?

Inventory Management Software 97

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

EC Sourcing Group

DECEMBER 17, 2018

His company was called in by a producer of high-end beverages. They protect the beverage and their unique shape and labeling are an important part of their high quality brand image. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

Kanban Logistics

SEPTEMBER 9, 2021

The six largest sectors – Computer & Electronic Products; Fabricated Metal Products; Chemical Products ; Food, Beverage & Tobacco Products; Transportation Equipment; and Petroleum & Coal Products – had moderate-to-strong growth. Inventories were up 5.3%. Third-party procurement. Vendor-managed inventory (VMI).

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics 3PL Logistics Network Optimization Software 52

Supply Chain Shaman

AUGUST 12, 2020

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. Note that while the company drove improvement in margin, there is underperformance in inventory turns.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

ToolsGroup

SEPTEMBER 25, 2019

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. So, I wanted to give you a heads-up on their questions, and my answers.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain View from the Field

APRIL 10, 2013

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Data must be right.

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Procurement Material Savings San Francisco SAP 83

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

o9 Solutions

APRIL 11, 2023

During the quarter, o9 also implemented numerous go-lives at well-known brands across a variety of sectors, including softlines, food and beverage, pharmaceutical, consumer electronics, and more. In late March 2023, o9 Solutions hosted its largest annual aim10x global virtual event. o9 Solutions ranked No.

Supply Chain Planning Software 52

Supply Chain Planning Software Analytics Software Demand Planning Software Pharmaceutical 52

Elementum

SEPTEMBER 11, 2015

Its growth is enough to make giants like McDonald’s, Cargill, and Wal-mart sit up and pay attention, agreeing to overhaul their current procurement methods in order to give the people what they want. The issue: Without additives and processing, food won’t stick around on shelves for as long, putting inventory at risk.

Food 60

Food Beverage Purchasing Skills Procurement Solutions 60

Unleashed

AUGUST 21, 2019

If your business is managing lots of stock, label printing can make inventory management much easier. Smarter manufacturing inventory management software allows your business to create, customise and print labels. No more excuses for unidentified boxes lying around the warehouse and risk mixing up inventory stock.

Manufacturing Procurement 61

Manufacturing Procurement Inventory Management Software Manufacturing Inventory Reduction 61

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain. Why your food inventory management system is going stale. Working with fresh food.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

QAD

AUGUST 12, 2021

We will see the continued adoption of a wide range of sustainability efforts across manufacturing verticals, from automotive to food and beverage to life sciences. Consider the effects of excess inventory and unnecessary shipments. Sustainability Objectives for Manufacturers.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

SYSPRO Smarter ERP

MARCH 14, 2022

Food and beverage manufacturing and distribution companies usually operate on smaller margins than most organizations in other industries. Unfortunately, a significant chunk of food and beverage companies’ raw materials are commodities, whose prices don’t just fluctuate from month to month but can change hour-by-hour.

Manufacturing Procurement 105

Manufacturing Procurement Cost Reduction Strategies Material Savings Beverage 105

EazyStock

JULY 25, 2020

By selecting EazyStock, she takes care of the inventory for both CSI’s manufacturing and distribution operations. I oversee our warehousing and procurement processes. Our old Infor ERP had an inventory management module, but our new ERP didn’t have the capabilities we were used to having. Name: Keri Potter.

Supply Chain Software 52

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

crisp

FEBRUARY 14, 2023

The publication, dedicated to the movement of products throughout the cold food and beverage sector, reserves the annual award for individuals “whose achievements, hard work and vision have shaped the global food supply chain.” “Procurement teams can spend up to 50% of their time looking for data.

Food 52

Food Logistics Network Optimization Software Supply Chain Waste Reduction 52

Supply Chain Matters

JULY 5, 2022

Plans currently call for Logility to be positioned to target specific industry verticals with a joint continuous network design and planning capability such as food and beverage, consumer durables, distribution and other verticals. The Logility team apparently shared in that perception and initiated conversations with Starboard. billion.

Procurement Solutions 52

Procurement Solutions Network Design Software Supply Chain Design Software Modeling 52

SYSPRO Smarter ERP

OCTOBER 11, 2021

While this is wrong for manufacturing in general it is especially wrong for process manufacturers – companies that produce food and beverages, paints, chemicals, pharmaceuticals, and cosmetics. Inventory control. There is a belief that manufacturing is a mechanical process with not much thinking involved. 500ml or 1-litre bottles).

Manufacturing Procurement 119

Manufacturing Procurement Manufacturing Supply Chain Planning Software Purchasing Skills 119

USC Consulting Group

JANUARY 10, 2022

We work with a wide range of industries, including chemical processing, forestry products, food & beverage, life sciences, mining & metals, oil & gas, transportation & logistics, private equity, and yes, manufacturing. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

Kinaxis

SEPTEMBER 12, 2016

The main processes (Figure 1) to get a customer his or her order would be procurement (buying ingredients), manufacturing (cooking), and delivery (serving the customers). The result would be the customer receiving a fresh, high quality meal, and you carrying minimum inventory and having the flexibility to easily manage your processes.

Inventory Reduction 100

Inventory Reduction Waste Reduction Cost Reduction Strategies Material Savings 100

Unleashed

MARCH 7, 2022

PAR levels are used widely in industries that handle perishable items – such as hospitality and pharmaceuticals – to calculate the level of inventory needed for a given item so businesses don’t run out before their next delivery. The PAR level determines the optimum amount of inventory stock needed on hand after each order delivery.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Inventory Management Examples 98

Supply Chain Game Changer

NOVEMBER 18, 2018

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. According to a recent report in Procurement trade publication Spend Matters , these are some of the most booming categories in the burgeoning industry. Subscribe Here! in the U.S.,

Negotiating Skills 56

Negotiating Skills Purchasing Skills Pharmaceutical Agile and Lean Supply Chain 56

DynaSys

FEBRUARY 19, 2019

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. Food and Beverage manufacturers have been putting lot numbers on products for years. Recalls will happen. It is a fact.

Manufacturing Procurement 45

Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Software Supply Chain 45

o9 Solutions

MAY 26, 2021

The need to respond to those changes while maintaining margins, service, and efficiencies with optimal planning of inventory, sourcing, transportation, and fulfilment. and carefully procure and place inventory, they constantly face operational issues during execution. Making Control Towers Cognitive. labor) shortages.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Modeling Material Savings 52