EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Book a demo with us today to see firsthand how Simfoni’s best in class solution can supercharge your procurement function!

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

Supply Chain Shaman

SEPTEMBER 3, 2018

According to my research, top-performing supply chains possess three very different qualities. Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. First, great supply chains are agile.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. Pricing, quality and variety are important considerations. Introduction. Watch Your Geography.

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

Logility

AUGUST 5, 2021

For F&B companies, the quality of their enterprise S&OP process dictates their ability to react flexibly to near- and long-term change. You can align high-level business planning with detailed product forecasting to boost service levels, shorten cycle times, reduce inventory investment, and minimize obsolescence.

S&OP 130

S&OP Supply and Demand Beverage Optimal Sourcing 130

Silvon Software

AUGUST 8, 2022

Supply chains also have the added complexity of numerous other data sources being generated from extended partners in outsourcing, logistics, and distribution. Let’s take product quality as an example. Collectively, such data can provide a multi-dimensional picture of the drivers behind quality outcomes.

Analytics Software 80

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 80

Requis

OCTOBER 30, 2020

He provides a wide array of educational content for supply chain practitioners, including the Supply Chain Secrets channel on YouTube and a number of books, including his latest, Supply Chain Secrets. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Supply Chain Shaman

APRIL 16, 2014

I have taken myself off the road to write the book Metrics That Matter. Let me just state for the record that “Saying that you are going to write a book, is far more exciting than writing one.” Writing the book is helping me to get perspective. I would like to be on vacation with them, but it is not in the cards.

Supply Chain Design Software 280

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 280

Unleashed

MARCH 19, 2024

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. Optimise your reorder points. Lease big ticket items. Always full of perspective.”

Supply Chain Planning Software 52

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

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. What are some examples of Supply Chain Analytics?

Prescriptive Analytics Software 111

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

Supply Chain Shaman

AUGUST 11, 2015

The rising complexity of items sold decreases the organization’s ability to forecast, and the longer lead times across multiple tiers of sourcing and supply, increases the bullwhip impact (distortion of the demand signal across multiple tiers of the value network). A disruption is a failure in cost, quality or customer service.

Supply Chain Design Software 150

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

Supply Chain Shaman

MAY 2, 2016

Stuck at the intersection of inventory turns and operating margins, nine out of ten companies struggle to improve balance sheet results. With the rise in complexity, most Supply Chain Metrics That Matter are going backwards (inventory turns, ROIC, operating margin and growth). Open source needs maintenance.

Supply Chain Planning Software 150

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

Logistics Viewpoints

MAY 25, 2023

The first use case is MIT professor Yossi Sheffi’s idea for using generative AI to monitor all possible sources of risk for a given supplier to mitigate any disruptions. While there is endless speculation, from my reading two supply chain-specific opportunities intrigued me. The pace is moving so quickly that no one can possibly keep up.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 235

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Improved Supply Chain Resilience Anticipating demand fluctuations allows companies to adjust their inventory levels proactively, thereby reducing the risk of stockouts or overstocking.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Talking Logistics

APRIL 25, 2018

“Now there are new technologies that enable us to collect data in real time from sources such as the Internet of Things and smart devices through B2B networks. The biggest stumbling block for supply chain visibility in the past was data quality. Cindi states that data quality requires data to be available, usable, timely, and accurate.

Supply Chain Visibility 101

Supply Chain Visibility Real-time Visibility Supply Chain Software Supply Chain Network Software 101

Talking Logistics

JULY 27, 2015

Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. How much inventory do we have across our network?

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100

Supply Chain Shaman

MAY 13, 2015

I knew nothing about the world of logistics, inventory management and order optimization. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

NC State SCRC

AUGUST 18, 2022

Initially, we expect to see many procurement applications of AI in spend analysis, accounts payable, and source to pay applications, but this will become more important as we observe AI applications in areas such as supply risk management, buyer-seller relationships (including email exchanges), and improved supply base management.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Supply Chain Trend

DECEMBER 22, 2023

Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. We will decide and response faster in our supply chain and make higher quality operational and strategic decisions.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. Channel Sensing.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

crisp

FEBRUARY 5, 2024

For Target, Ritual initially extracted sales and inventory data into Google Sheets each day, a solution that offered limited visibility and scalability. Unfortunately, the pipeline would regularly break, or experience schema drift – in which the structure of source data changes unexpectedly, disrupting dataflows and analysis.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Sourcing Strategies Data 52

Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. In most ‘benchmarking activities’, self-reported data is the most common source. 4) Best Forecasters do not Have the Best Inventory Results. Business Dictionary.com.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

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

Logility

JUNE 8, 2021

Record Quarterly Bookings Accelerated Growth in Cloud Services Annual Contract Value. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. ATLANTA (June 8, 2021) American Software, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Optimization Software 130

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

Elementum

MAY 19, 2022

The American Production and Inventory Control society, known as APICs, was formed in 1957, officially launching the era of supply chain as a profession and discipline of its own. Source: Ordering, delivery, receipt and transfer of raw material items, subassemblies, products or services. . • Also in the US: 4.9

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 78

crisp

OCTOBER 31, 2023

They produce each flavor in small batches to ensure a high-quality experience. At this time – with a need for visibility into their expanding supply chain – sales and inventory insights were more necessary than ever. On the day of our visit, a tightly coordinated team was creating and wrapping a batch of Salted Almond Truffle Bars.

Portland 52

Portland Optimal Sourcing Oregon Waste Reduction 52

ToolsGroup

JUNE 27, 2022

Amazon began as a seller of other publishers’ book titles but then expanded to become a publisher in its own right. With better communication and unified systems, a company integrated with its supplier can: Monitor quality more closely. Will the quality be both consistent and up to standard? Supplier Stability.

Price Reduction 156

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

ThroughPut

MAY 24, 2024

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Optimization Software 52

Supply Chain Shaman

JUNE 3, 2024

Outside-in Planning Taxonomy When testing planning effectiveness through Forecast Value-Added Analysis (FVA), Inventory Health, or Schedule Adherence, I find that for most clients that I work with, that their plans lack both feasibility and reliability. The goal is to drive benefits to better define quality of conformance. Makes sense.

Supply Chain Planning Software 352

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 352

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. Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. What can you do?

Waste Reduction 274

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

Unleashed

MARCH 2, 2022

The idea of Kanban in lean manufacturing is to cut wasted inventory by carrying only what you need in order to cover lead times, while at the same time improving communication on customer orders to ensure everyone is aware of what’s going on at all times. a heavier focus on demand forecasting and more variable inventory purchasing).

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

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. Consider how e-commerce grew through the first half of 2022.

Reverse Logistics 52

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

CH Robinson Transportfolio

MAY 17, 2021

The strong economic recovery and need to rebuild retail inventory creates high out-of-season demand in port cities. Once sales rebalance, will inventory follow? As such, vessels for ocean capacity between Asia and the United States are expected to remain fully booked for most/all of 2021. The short answer is yes.

Freight 44

Freight Forecasting Los Angeles Supply and Demand 44

NC State SCRC

FEBRUARY 20, 2023

in real-time sensors, IoT, and blockchain technologies) will be able to trigger EDI messages that help ensure efficient, quality, and safe B2B transactions. This concept of the evolution of supply chain flows and how they resemble nature is outlined in Dr. Rob Handfield and Tom Linton ’s new book, Flow.

Analytics Software 52

Analytics Software Supply Chain Planning Software Modeling Software Data 52

Zipline Logistics

SEPTEMBER 7, 2021

Though often a result of an unexpected need, there is still a way to control costs and ensure quality performance when arranging expedited freight services. A good logistics partner can help your organization effectively source capacity and find expedited freight solutions for your high-attention orders. Make Use of Any Lead Time.

Freight 52

Freight Negotiating Skills Manufacturing Procurement Inventory Reduction 52

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

NC State SCRC

AUGUST 14, 2020

My discussions with manufacturing executives suggest that once an organization commits to outsourcing to third parties in low-cost countries, there is a minimum planning horizon of five years involved, as this requires supplier qualification, audits, start-up, quality certification, and on-going ramp-up. to import from China.

Manufacturing Procurement 64

Manufacturing Procurement Material Savings Sourcing Strategies Vendor Strategies 64