NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Most supply chain planning teams do not know their customers. In fact, the teams ignore the forecast. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

SEPTEMBER 27, 2021

The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing.

Supply Chain Planning Software 334

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 334

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. The touchpoints can indicate the need for expedited procurement, new vendor relationships, or enhanced delivery speeds. Projected stock levels .

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. I am also developing a framework for my new book. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019.

Supply Chain Design Software 290

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 290

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. My problem is I see many organizations working hard on the forecast, but not improving inventory and replenishment processes; and, I think that the Hierarchy of Metrics did not go far enough. In 2016 I wrote 35 blog posts.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

AUGUST 11, 2015

Procurement focus shifted from traditional programs focused on solely on contract management, price and term negotiations, and supplier scorecards to include the evolution of supplier development to manage product quality and multi-tier supplier relationships in and across value chain relationships. Focus on Multi-Tier Inventory Management.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 150

Supply Chain Shaman

JUNE 5, 2013

Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Inventory is often focused on as a singular metric, not as part of a complex supply chain system. Procurement. Procurement programs are implemented as standalone processes.

Supply Chain Planning Software 220

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 220

Freightos

JANUARY 30, 2024

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In the meantime, there are reports of inventory shortages for some European importers as shipments are delayed or taking longer to arrive. Asia-US East Coast prices (FBX03 Weekly) climbed 21% to $6,152/FEU.

Negotiating Skills 273

Negotiating Skills Optimal Sourcing Asia Europe 273

Supply Chain Shaman

APRIL 6, 2017

This blog is now has over 15,000 readers. There are many young analyst relations specialists asking questions one I received this morning from an Indian Systems Integrator, “Interesting read from your blogs always. How can we have your partnership to have mentioned in your blogs? Marketing hype annoys me.

Supply Chain Software 194

Supply Chain Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 194

Supply Chain Matters

SEPTEMBER 6, 2023

The overall pace of decline in overall new business was noted by the report authors as the steepest since January and have led Taiwanese manufacturers to lower their purchasing activities, drawdown inventory levels and continued staff level reductions. The inventories index decreased 2.1 Continued Contraction Levels for the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

SCMDOJO

JANUARY 23, 2023

We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field. From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!

Prescriptive Analytics Software 121

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 121

ThroughPut

OCTOBER 22, 2021

In 2021 , the retail sector experienced drastic global inventory distortion. Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. When demands for goods escalate, insufficient resources for procuring components can lead to unmet consumer demand. Inventory Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

EazyStock

SEPTEMBER 25, 2018

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. In this blog, the team at EazyStock will be showing you the most exciting logistics and supply chain mobile applications that will make your job even easier.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

EazyStock

JULY 2, 2021

Furthermore, it describes the individual parts required at each stage and where they are in their production and procurement cycle. Procurement. Most wholesalers use distribution centers or warehouse stock locations to house inventory needed to meet their customer demand. BOM and Inventory Optimization.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Solutions Distribution 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A major challenge for IM&E manufacturers is managing inventory. An ERP system with an inventory management system enables the real-time tracking and reporting of material or parts, and with serial and lot tracking the location and quantity of specific items can be tracked. How ERP can support the value chain. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

Supply Chain Matters

APRIL 1, 2022

Frequent readers of the Supply Chain Matters blog may recall one metaphor that this Editor has invoked over the past three years – the Eagle ’s tune, In a New York Minute ( Everything Can Change ). Friedman went on to articulate that transit times to move inventory from Asia to the U.S. Additional Thoughts. Bob Ferrari.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52

Supply Chain Shaman

OCTOBER 8, 2019

This blog post formed in my head as I worked with clients this month. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Time horizon. The takeaway? The reason why?

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

Freightos

AUGUST 26, 2015

Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places. Like her book, Bricks Matter which advocates predictive analytics). Steve authored the book Herding Geese, which is about B2B E-Commerce from the supply chain perspective. Experts’ Choice: Logistics and Supply Chain Blogs.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120

ThroughPut

DECEMBER 4, 2022

Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. Wastage caused due to perishable goods : Supermarkets inventory consists of fresh fruits, vegetables, dairy, and meat products, which come with short shelf lives.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Supply Chain Shaman

JUNE 18, 2015

In discrete industries, the early supply chain organizations reported to procurement. When there is a common reporting strategy, progress in metrics performance at the intersection of operating margin and inventory turns is faster. In the beginning, the emerging supply chain concepts focused on functional excellence.

Sourcing Strategies 150

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 150

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. However, based on the research for the book Bricks Matter , I now sadly know that only one of these statements is true. Here they are: The Lie of Inventory Reduction. ” I played three lies and a truth with the group. The reason?

Inventory Reduction 262

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 262

NC State SCRC

NOVEMBER 6, 2021

However, not every supply chain and procurement decision fits neatly into this category. There is a real benefit to the social interaction of procurement, which leads to improved collaboration on difficult and complex problems.

Purchasing Training 52

Purchasing Training Supply Chain Planning Software Supply Chain Planning Negotiating Skills 52

USC Consulting Group

JANUARY 10, 2022

Some operations consultants are advisory consultants, or “boardroom consultants” who perform a two- to three-week study and provide a book of recommendations to help you out, and then hand it to you and go on their way. 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

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Traditionally E2open sold to the procurement organization. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

NC State SCRC

MARCH 25, 2021

Because procurement executives were so focused on cost, they did not worry about shipment velocity. Any asset that is not producing value is considered waste, and a fundamental of “lean thinking” is that inventory is waste, and time is money. For many years, as we moved to low cost countries, the shipping industry benefited.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

ThroughPut

OCTOBER 13, 2021

At the Demand Fulfilment Stage: A transparent supply chain establishes opportunities for added inventory in the cement industry early on. At the Replenishment Stage : When escalated demand calls for efficient order placement and inventory restocking, transparency in supply chains can highlight excess inventory in nearby locations.

Supply and Demand 52

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 52

Infosys Supply Chain Management

JANUARY 13, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Process Outsourcing. Customer Service. Human Resources.

Supply Chain Planning Software 26

Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain Pharmaceutical 26

Supply Chain Game Changer

NOVEMBER 7, 2018

Working in the Book Retail Industry was an eye opener for me. Unbeknownst to me beforehand I learned that in the Book industry a Retailer can more or less order whatever they want from a Publisher. Please check out our updated website and our latest blogs at [link]. I prefer the simpler definition provided by the RLA.

Reverse Logistics 60

Reverse Logistics Logistics Network Optimization Software Logistics Supply Chain Planning Software 60

EazyStock

JUNE 10, 2022

Working in supply chain or inventory management can be busy and stressful. Keeping on top of your to-do list, building supplier and customer relationships, and tracking orders and deliveries is challenging even for the most organized and efficient inventory manager. Inventory optimization. Inventory management has many facets.

Optimal Sourcing 52

Optimal Sourcing Inventory Management Software Supply Chain Planning Software Optimization Software 52

Arkieva

APRIL 7, 2016

In a previous blog “ Balancing Cash Cost and Service: The Supply Chain Triangle ” we have introduced the idea that supply chain management is all about balancing three corners of a triangle: cash, cost and service. Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Infosys Supply Chain Management

DECEMBER 29, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Preorders are taken into the system without checking inventory.

Optimal Sourcing 24

Optimal Sourcing Manufacturing Procurement Inventory Reduction Supply Chain Planning Software 24

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

SYSPRO Smarter ERP

NOVEMBER 28, 2022

Finally, fourteen years ago, a book called ‘Thinking about ERP’ was published, which explained how businesses should think about selecting, deploying and operating an ERP to achieve business requirements. The book then discusses the types of changes needed for the new or changed ERP. Theory of Constraints.

Modeling Software 98

Modeling Software Manufacturing Procurement Inventory Reduction System 98