Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

ivalua

MARCH 17, 2021

The DATA Act is intended to improve the quality and transparency of the Federal Government’s award data through implementation of government wide spend reporting standards set by the OMB and Department of Treasury. The Procurement Link. Capability to scale by automating complex manual, often disparate, processes. Sean Correll.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

CH Robinson Transportfolio

JUNE 9, 2022

In your personal life, you can use a variety of devices to make purchases—from your phone to your smart TV, it’s all possible within whatever device you’re using. In fact, today you can procure freight rates from your transportation providers right in your TMS. What to look for: Identifying quality digital connections.

Supply Chain Planning Software 70

Supply Chain Planning Software Demand Planning Software Analytics Software Optimization Software 70

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Redbud Brands went from not knowing if a purchase order was approved to making every payment in time. “There was not a lot of structure,” Mr. Henson explained.

Procurement Solutions 105

Procurement Solutions Procurement Analytics Supply Chain Planning Software Supply Chain Software 105

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. How is it possible?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Precoro

JULY 18, 2022

Invoice automation software eliminates manual intervention, except in those special cases where a human touch is required, greatly reducing the burden on accounts payable and finance teams. It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

Talking Logistics

NOVEMBER 10, 2014

I also shared with them my view that companies will ultimately find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of Supply Chain Operating Networks (SCONs). Improve process quality for vendors and BASF.

Optimal Sourcing 170

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 170

Pivot88

APRIL 17, 2017

For many years, many strategic sourcing and procurement professionals have been using the cost reduction playbook as a guide for all of their sourcing and procurement activities. THE GAME CHANGER…VALUE PROCUREMENT. Procurement officers are under pressure to deliver value added performance.

Cost Reduction Strategies 40

Cost Reduction Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 40

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

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

Supply Chain View from the Field

NOVEMBER 10, 2014

In this blog, I review the new book “Sustainable Luxury” by Gardetti and Torres. This books brings together a series of thought pieces, empirical research studies, and theoretical arguments that provide a broad platform for thinking about sustainable luxury. Luxury, sustainability, and consumption.

Sustainability 68

Sustainability Supply Chain Design Software San Francisco Supply Chain Design 68

ThroughPut

OCTOBER 16, 2022

A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. Accurate demand forecasting is an important element of supply chain inventory optimization solutions. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

ThroughPut

MARCH 25, 2024

Our 2024 guide provides supply chain managers and planners with the latest tools and insights to refine their demand forecasting processes. Historically, demand forecasting relied on simple tools and intuition, but as supply chains have become more complex and globalized, the need for sophisticated forecasting methods has grown.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

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

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

GlobalTranz

MAY 1, 2015

Transparent supply chain management and effective supply chain visibility is a critical tool in a company’s continued growth and successful brand image. Data can indicate issues with procurement , product quality, and delivery. Buyers are moving away from selection based solely on purchase price and quality discount.

Supply Chain Visibility 120

Supply Chain Visibility Purchasing Skills Optimal Sourcing Buyer Training 120

Logistics Bureau

DECEMBER 4, 2023

However, it embraced it to an unprecedented depth and scale, developing in-house digital solutions to support and manage the strategy. Book Now Let’s talk about your warehouse layout! Book your free consultation. Book Now Ready to review and improve your inventory management? Book a free consulting call now.

Inventory Reduction 73

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 73

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. a heavier focus on demand forecasting and more variable inventory purchasing). Catmull mentions in his book Creativity Inc.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

EcoVadis

FEBRUARY 28, 2018

To take advantage of these upside opportunities, companies, specifically procurement teams, must ensure the tools and practices they use to assess and select suppliers are up to scratch. A Successful Sustainable Procurement Journey. This leads to survey fatigue, often resulting in poor quality responses, or none at all.

Sustainability 53

Sustainability Procurement Solutions Procurement Analytics Supply Chain Design Software 53

Supply Chain Shaman

AUGUST 16, 2015

Infor–a market consolidator of enterprise software–currently has revenues of $2.8 On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Claritum

JULY 5, 2018

Claritum Article - Procurement Blog. If you can measure it then you can manage it” This statement is so true in the procurement field. Procurement needs to have real time data on the entire supply chain. and the complexity of the information escalates to a level that software tools are essential. Introduction.

Analytics Software 36

Analytics Software Procurement Analytics Predictive Analytics Software Procurement Solutions 36

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. Currently the aspect that’s moving the fastest is visibility software.

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. Currently the aspect that’s moving the fastest is visibility software.

Supply Chain Planning Software 40

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

Unleashed

FEBRUARY 8, 2023

James Ewing: Procurement Manager at Renewable Parts Ltd. Below are five effective solutions extracted from the roundtable conversation to help manufacturers maintain healthy cash flow despite capricious supply chains. His team rely on Unleashed inventory management software to pull that data and break it down into accessible reports.

Manufacturing Procurement 98

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

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Supply Chain Game Changer

JUNE 8, 2021

It is easy to critique, blame and make excuses – but the most successful individuals are the ones who focus on solutions and results. There is so much to learn in many functions of supply chain, whether it is IT tools, planning and buying, commodities, global supplier management, logistics, warehousing. Find a mentor.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

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

GlobalTranz

JANUARY 4, 2016

Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. Agile simply means, according to agilemethodology.org: Agile methodology is an alternative to traditional project management, typically used in software development.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 120

Precoro

NOVEMBER 23, 2022

Three-way matching is an essential step in the procurement flow process that involves cross-referencing three critical documents – purchase order, receipt, and vendor invoice – to determine whether an invoice should be paid. First, the corresponding purchase order is located. What Is Three-Way Matching? What has been delivered?

Procurement Solutions 98

Procurement Solutions Pricing Training Procurement Analytics Purchasing Skills 98

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

Requis

MAY 22, 2020

He is the Bank of America Distinguished Professor of Operations and Supply Chain Management at NC State University, and is a prolific author of articles and books, most recently The LIVING Supply Chain (co-authored with Tom Linton). In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper.

Data 52

Data Manufacturing Procurement Supply Chain Design Software Agile and Lean Supply Chain 52

GlobalTranz

DECEMBER 7, 2015

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. Continuous quality improvement requires sophisticated high tech robot systems. Forecasting Demand.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Supply Chain Shaman

FEBRUARY 25, 2016

The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. The CIO budget is hamstrung with system upgrades and software license payments. This is the world view of finance and why there is so much friction between procurement and finance. Barrier #1.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain Shaman

OCTOBER 8, 2019

To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. Most can only measure functional costs—transportation, manufacturing, and procurement. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2.

Supply Chain Design Software 189

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