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

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Our 2024 guide provides supply chain managers and planners with the latest tools and insights to refine their demand forecasting processes. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ToolsGroup

DECEMBER 16, 2021

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach. Inventory is retailers’ greatest asset AND liability. What is Lean Retail?

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

SCMDOJO

APRIL 4, 2023

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Enterra Insights

JUNE 25, 2021

Kearney’s Consumer Products and Retail Practice, asserts, “Retailers need to review forecasts and inventory commitments for Holiday 2021 which could be a blockbuster. More than ever before, customers enjoy e-commerce’s quality, convenience and security. For example, overall retail sales in April rose by 51.2% year-over-year.

Supply Chain Planning Software 130

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

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The industrial equipment and machinery (IM&E) industry needs to start looking at solutions that will handle change in key elements of the supply chain, production operations, and shipment activities without being disrupted. It ties into the ERP system where quotes and purchase orders are managed. The new normal for manufacturers.

Supply Chain Planning Software 115

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

Unleashed

MARCH 19, 2024

Software is cheaper than staff – so give employees the tools they need to add maximum value and efficiency. 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. Get ruthless about technology.

Supply Chain Planning Software 52

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

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. When this happens, inventory managers know to reorder a bin’s worth of supplies from the company’s vendors. What is Kanban?

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

crisp

JANUARY 24, 2024

While Luminate offers two tiers of data subscriptions, the Luminate Charter plan stands out as a powerful tool for data-driven brands, boasting a continuously evolving feed of never-before-seen reports designed to transform supplier strategy. This is the promise of Walmart Luminate’s Charter plan.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

ToolsGroup

JUNE 27, 2022

Necessity of Supply Chain Planning Software in Vertical Integration. At the back of your supply chain, you’ve got your raw materials being procured. Amazon began as a seller of other publishers’ book titles but then expanded to become a publisher in its own right. The Disadvantages of Vertical Integration.

Price Reduction 156

Price Reduction Cost Reduction Strategies Material Savings Supply Chain Planning Software 156

Supply Chain Shaman

MAY 2, 2016

Software maintenance costs are rising for the CIO. In parallel, the traditional software vendors are struggling with the Innovators Dilemma. They must evolve existing platforms to continue to fund their solutions; but at the same time, they realize that they are not serving the greater need of the market to reinvent the supply chain.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Analytics Software Supply Chain Software 150

QAD

JULY 12, 2022

However, this is not surprising as many automotive manufacturers operate in silos among quality, supply chain and IT. Supply Chain, Quality and IT have historically operated in silos. Instead, they are using Purchase Orders which are not effective in a repetitive environment. Thus, delivery performance issues continually repeat.

Supply Chain Software 89

Supply Chain Software Automotive Manufacturing Procurement Inventory Reduction 89

The Logistics & Supply Chain Management Society

JULY 20, 2020

But the COVID-19 crisis, has required rapid operational solutions to unforeseen roadblocks. Quick solutions to employee shortages, remote working, and to ensure health and safety across the company need to be deployed. This boosts revenues and optimises inventory. it is perfect quality, zero waste, and happy satisfied customers.

Agile and Lean Supply Chain 230

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

Precoro

DECEMBER 5, 2022

Are you planning to implement enterprise resource planning software but have some concerns about budget overruns, project delays, and disruption of business processes? We have all heard horror stories about poorly implemented ERP solutions that take forever to see a return on investment or, even worse, never actually come to fruition.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Procurement Solutions Optimization Software 52

QAD

FEBRUARY 9, 2022

Also known as lean thinking, this method is now being used beyond the manufacturing industry in countless businesses, to increase production and profits, reduce costs and improve quality. These principles were later explored and popularized in the book Lean Solutions by James Womack and Daniel Jones. Establish Pull.

Manufacturing Procurement 52

Manufacturing Procurement Agile and Lean Supply Chain Lean Manufacturing 52

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%. Why You Should Choose Carbon Neutral Shipping Today Download E-book 3.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

EazyStock

JUNE 16, 2022

It uses algorithms, software, or systems to learn and adjust without specific programming. Inventory management and AI. Inventory management teams have the difficult task of calculating healthy stock levels to meet demand without over- or under-stocking. What is machine learning? Using AI to improve demand forecasting.

Modeling 52

Modeling Supply Chain Software Forecasting Software Supply Chain Optimization 52

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. While this may prevent critical stockouts, it’s created another problem: All their cash is tied up in inventory, leaving manufacturers desperately scrambling to pay bills and employees on time. with 20+ years of supply chain experience.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Unleashed

OCTOBER 6, 2020

But brewing costs can quickly spiral if business owners aren’t running a cost-effective machine capable of producing a high-quality product with minimal waste. Manage inventory efficiently with brewery software. Manage inventory efficiently with brewery software. It is, after all, a science as well as an art.

Cost Reduction Strategies 105

Cost Reduction Strategies Purchasing Skills Inventory Reduction Vendor Strategies 105

Supply Chain Opz

JANUARY 1, 2017

Moreover, many operations management tools are quite easy to use. Content Mapping First we try to determine how extensive each book is by mapping the contents. Number of Copies in Libraries Most textbooks will be purchased for library throughout the world. Which is the Best Operations Management Textbook?

Case Study 100

Case Study Resource Reduction Supply Chain Design Software Inventory Reduction 100

Intelligent Audit

AUGUST 5, 2022

There is a massive push to increase inventory in advance, and everyone starts thinking about how they will survive the holiday rush, from food supply chains to other goods. The upcoming peak season is also on track to be one for the record books again. Intelligent Audit has created the tools to do just that and help shippers.

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Procurement Solutions Demand Planning Software 52

Unleashed

APRIL 3, 2023

If you’re currently managing your accounts through QuickBooks, it makes sense to look for an inventory management tool that complements your accounting system. While QuickBooks offers some inventory functionality, it might not have all the solutions you require.

Inventory Management Software 52

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

Supply Chain View from the Field

AUGUST 28, 2013

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Add variability due to customer demand, product and component quality, lead time, etc.

Vendor Strategies 76

Vendor Strategies Inventory Reduction Inventory Supply Chain Planning Software 76

Requis

SEPTEMBER 30, 2019

Supply chain is a relatively new discipline that rose out of the procurement, logistics, and operations disciplines. Procurement, logistics, and operations were seen as separate – but that perspective isn’t helpful today. If you buy in larger quantities, you sink more working capital into inventory, and add warehousing costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Predictive Analytics Software Procurement Solutions 40

Requis

SEPTEMBER 30, 2019

Supply chain is a relatively new discipline that rose out of the procurement, logistics, and operations disciplines. Procurement, logistics, and operations were seen as separate – but that perspective isn’t helpful today. If you buy in larger quantities, you sink more working capital into inventory, and add warehousing costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Predictive Analytics Software Procurement Solutions 40

Supply Chain Shaman

OCTOBER 8, 2019

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. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

ThroughPut

APRIL 13, 2021

Overworking your limited resources or late deliveries can never be long-term solutions and that’s why every business needs capacity planning. Capacity planning paints you a true picture of your available resources and how much work can be done without burning your team out, compromising quality, or failing deadlines.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Capacity Food 52

ThroughPut

APRIL 13, 2021

Overworking your limited resources or late deliveries can never be long-term solutions and that’s why every business needs capacity planning. Capacity planning paints you a true picture of your available resources and how much work can be done without burning your team out, compromising quality, or failing deadlines.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Capacity Food 52

Supply Chain Opz

NOVEMBER 9, 2014

Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. What can you do?

Waste Reduction 274

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

ThroughPut

OCTOBER 7, 2022

With COVID-19 shattering most of the old ways of predicting demand and inventory management challenges and uncertainty persisting across several dimensions along with deep changes in consumer behavior, it has become crucial for businesses to understand these new patterns. What makes this process easier? How to make it easier?

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Locus

JUNE 23, 2023

Also, it allows companies to track, refill, and manage their inventory levels. At this stage, businesses check if items are safe and secure and if the inventory levels are accurate and optimized for better space. Read Also: How Delivery Logistics Software Improves On-Time In Full (OTIF) Delivery Score 4. Yes, it is.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

ThroughPut

JULY 6, 2021

Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves? An AI-powered tool can help you get this baseline in a matter of minutes. What makes this process easier?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

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. Much of the book was written based on my own recognition that the field needs to change. The principles at the time were certainly appropriate.

Optimal Sourcing 40

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

Bristlecone

JANUARY 19, 2021

It was the uncertainty of whether the product would be available that drove my purchase decision. However, in this case, the retailer missed a sale due to lack of inventory visibility at the distributor site. In addition, as they commission new molds, they could remotely qualify the molds with the tool builder.

Supply Chain Visibility 52

Supply Chain Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

CH Robinson Transportfolio

NOVEMBER 4, 2020

Consumers now have higher expectations regarding their purchase experience—convenient pickup and delivery options; an increased demand for accurate, real-time visibility to their order; and easy to use, low cost transportation purchasing options are critical. These heightened demands put greater pressure on shippers.

Material Savings 44

Material Savings Cost Reduction Strategies Waste Reduction Inventory Reduction 44

GlobalTranz

DECEMBER 7, 2015

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will seek custom (or specifically tailored) e-commerce solutions. This article from Toolbox.com’s 4 other broad uses of advanced analytics for manufacturers : Improving Quality.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Unleashed

JANUARY 26, 2020

The main purpose of carrying inventory is to provide your customers with the goods and services they expect, when and how they expect them. Businesses make significant financial investment into inventory to facilitate the running of their business, for the purpose in which that business exists. What is inventory risk?

Inventory Reduction 94

Inventory Reduction Inventory Manufacturing Procurement Forecasting Software 94