The Logistics & Supply Chain Management Society

OCTOBER 10, 2022

From stocking up your fridge with the week’s groceries to purchasing the latest smartphone, the consumer has now been placed at the center of the supply chain as they pull the complete gamut of products to where they reside. drop, and it continues to set new standards for delightful post-purchase customer experiences. That’s an 87.5%

Logistics Network Optimization Software 242

Logistics Network Optimization Software Supply Chain Planning Software Analytics Software Procurement Solutions 242

QAD

JULY 1, 2021

Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. What are Direct Materials?

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Balancing New Priorities Makes Procurement More Valuable.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

Optimal Sourcing 130

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 130

Logistics Viewpoints

FEBRUARY 11, 2021

Over the years, cost and efficiency ruled the supply chain agenda. At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail.

Manufacturing Procurement 230

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 230

ThroughPut

MARCH 18, 2024

This is exactly where the new wave of Analytics and Data Intelligence Platforms , highlighted by Gartner, comes into the picture. What Are Decision Intelligence and Analytics Platforms? Analytics and Decision Intelligence (A&DI) platforms represent a significant leap forward in the realm of business intelligence.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

JULY 12, 2023

But too much inventory in the warehouse means higher storage costs, tied-up cash flow, and requires more resources to manage. And understanding the different kinds of inventory and how they impact inventory accounting is a crucial first step towards cost-saving inventory management. What is inventory?

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

Unleashed

NOVEMBER 2, 2023

Effective production scheduling can mean the difference between a happy customer and a job that was cancelled because it wasn’t completed on time. For the customer, production schedules aim to shorten lead times and improve the quality of goods produced. In this production schedule guide: What is a production schedule?

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

In the cloud, companies can deploy resources on an as-needed basis, rather than invest in additional servers and storage capacity that they may only need for a short time. Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission).

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

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. .” This type of response is just not helpful. Grounded during this pandemic, and unable to interact with clients in person, I try to write 3,000 words a day. ” When this happens, I sigh.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

Precoro

FEBRUARY 12, 2024

The first step requires an overview of income and expenditure in real time. In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. Some assets, known as liquid assets (e.g., However, others, like fixed assets (e.g.,

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Logistics Viewpoints

DECEMBER 8, 2022

Visibility solutions allow real-time asset tracking across the entire distribution network. This enables improved estimated arrival times of goods. Based on ARC Advisory Group’s new global market report, the five largest providers of TES, listed alphabetically, are Descartes, E2open, FourKites, Infor Nexus, and project44.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Network Software Supply Chain Planning Software 188

Unleashed

NOVEMBER 12, 2023

This effect usually occurs in the supply chain when a retailer changes product order quantities from their wholesaler based on a small change in real or predicted demand for that product. What is the bullwhip effect? The manufacturer, being further removed from the demand alteration, will increase production by an even greater amount.

Inventory Reduction 52

Inventory Reduction Material Savings Supply Chain Planning Software Price Reduction 52

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

Logility

JANUARY 26, 2024

Depending on who you ask, the answer can be anything from low costs and efficiency to a delicate balance between profitability and customer service. Beyond making mere predictions, our executives compiled trends based on analyst insights and their observations of real-world supply chain operations worldwide.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Logistics Viewpoints

DECEMBER 2, 2021

With Christmas goods in stores before Halloween this year, I thought there was no reason that we shouldn’t also get a jump on 2022 predictions. The increase in volume will tax already tight last mile delivery capacity, and speed and reliability will either come with a premium price or remain as uneven as it has been over the last two years.

Predictive Analytics Software 312

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 312

The Logistics & Supply Chain Management Society

MARCH 22, 2022

For example, the One Network platform for supply chain planning and execution is used by the Ministries of Health in Nigeria, Ghana, and Rwanda, providing comprehensive inventory visibility across all health facilities for real time supply demand matching and collaborative decision making. End-to-End and Real-Time Logistics.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Logistics Viewpoints

MARCH 9, 2023

Commerce is global and regional at the same time, the world is getting smaller and more interconnected, and Consumer Packaged Goods (CPG) manufacturers operate in this build-anywhere and sell-anywhere market. Here we have compiled a list of the top six challenges that CPG companies face in the post-pandemic market.

Supply Chain Planning Software 200

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 200

Logistics Viewpoints

SEPTEMBER 19, 2022

In short, each new user does not just make the network more valuable; they make the network much, much, much more valuable. MSCN solutions provide supply chain visibility, network-based applications, and network analytics across an extended supply chain. As one examines the MSCN market – one notices many MSCN suppliers.

Supply Chain Design Software 157

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Network Software 157

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

ThroughPut

FEBRUARY 14, 2024

However, decision making is plagued with challenges, and to make things worse, complex and critical decisions are often made by people with severely inadequate information, time, or experience. Businesses, however, need real-time, relevant, and actionable intelligence to effectively manage increasingly complex supply chain networks.

Optimal Sourcing 59

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 59

ToolsGroup

AUGUST 12, 2022

With Google reporting that omnichannel shoppers have a lifetime value that is 30% higher than those who only shop via one channel, getting your omnichannel strategy right is critical to creating a customer experience that drives profitability. . BOPIS (more on that in a moment) is one of the most common examples of omnichannel retailing.

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

GlobalTranz

APRIL 6, 2021

For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels. The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. 2020 Was A Year Of Supply Chain Disruption.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

SCMDOJO

FEBRUARY 29, 2024

Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. What metrics do others (in my industry) use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ShipBob

OCTOBER 24, 2022

How will those projections change over time? And just when you’ve been doing it for a while and start to get the hang of it, your projections shift again. And just when you’ve been doing it for a while and start to get the hang of it, your projections shift again. Examples of demand forecasting methods. That’s fine!

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

ToolsGroup

SEPTEMBER 22, 2020

Have you noticed how the clock speed of just about everything has sped up considerably in just a few years? Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. retail stores. retail stores.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. This guide explores the ins and outs of managing raw materials in a manufacturing business, with examples and actionable tips for improving your processes. Let’s dive in. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Arkieva

JUNE 28, 2016

Our focus today is to discuss the relevance of buzz words such as Analytics, Predictive Analytics, Data Science, and Machine Learning, for S&OP. What is analytics? We might use “availability in Excel directly or with Add-ons” as an “age metric’.). The term analytics emerged over the last 10 years (Rose, R.

S&OP 63

S&OP Procurement Analytics Analytics Software Supply and Demand 63

Supply Chain Matters

APRIL 18, 2024

That number is the highest reported since 2014, including the period of the Covid-19 pandemic during the years 2020 to 2023. Thus, this commentary will not be a regurgitation of media headlines and reporting. That is already occurring not only in mass media but industry focused reporting. During the Covid-19 pandemic, the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Pharmaceutical Purchasing Skills Sourcing Strategies 52

Unleashed

DECEMBER 15, 2022

If you’re concerned a single-vendor ERP solution isn’t the right option for your business, it might be time to consider these ERP alternatives instead. A best-of-breed software stack is an amalgamation of different best-in-class offerings – usually delivered via a cloud-based SaaS model – that each performs a single function exceedingly well.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Forecasting Software Supply Chain Planning Software 97

Supply Chain Shaman

DECEMBER 30, 2021

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Not only did the cost increase, but variability tripled. The dramatic increase in cost is a major factor in inflation: driving the 11.5% I am worried.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

Unleashed

OCTOBER 6, 2021

Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? Consider Vendor Managed Inventory One way to save costs in inventory is to shift the responsibility of its management to your suppliers using a VMI system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Shaman

SEPTEMBER 13, 2021

When the repair estimate was 5X the cost of the car, I wrote the dealer a check and drove off in a 2019 Lincoln Nautilus with 4,200 miles. For example, Distribution Requirements Planning (DRP) has very little to do with Transportation Planning (TMS). Leadtimes, conversion rates, and cycle times are fixed parameters. The problem?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

Logistics Viewpoints

MARCH 20, 2023

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. o9 Solutions has grown from a small company to a significant player in the supply chain planning (SCP) market in a short period of time. Data is stored just like you might sketch ideas on a whiteboard.

Supply Chain Planning Software 209

Supply Chain Planning Software Modeling Software Procurement Solutions Demand Planning Software 209

Logistics Viewpoints

MARCH 27, 2023

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. When will the recession hit?

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

ToolsGroup

DECEMBER 20, 2021

Every major publication and news outlet is reporting on the supply chain crisis. Most of the reporting has been pretty shallow, leaving all to wonder how it can be solved. . Carriers responded by canceling capacity, but demand was back by July, and importers found themselves scrambling for equipment. . Image source: Bloomberg.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Ah, the joy of shopping.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177