Logility

APRIL 22, 2013

” scenario: in many supply chain organizations, sub-SKU forecasting (the task of translating high-level forecasts into specific quantities by size, color, configuration, region, etc.) falls on the shoulders of the sourcing and supply functions, rather than the demand planners. Does that make it right?

Forecasting 101

Forecasting Modeling Supply and Demand Sourcing Strategies 101

Logility

APRIL 22, 2013

” scenario: in many supply chain organizations, sub-SKU forecasting (the task of translating high-level forecasts into specific quantities by size, color, configuration, region, etc.) falls on the shoulders of the sourcing and supply functions, rather than the demand planners. Does that make it right?

Forecasting 100

Forecasting Modeling Supply and Demand Sourcing Strategies 100

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain.

Supply Chain Planning Software 82

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 82

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Forecast Demand?with?Analytics. Identify and Apply Freight Consolidation Opportunities.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

ivalua

DECEMBER 14, 2020

What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.”

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Logility

JUNE 15, 2021

How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success. The bottom line: F&B companies need accurate ways to track and forecast real-world demand and keep pace with consumers’ expectations. What is Demand Sensing and Why Is It Important for F&B?

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Talking Logistics

FEBRUARY 18, 2016

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Here are the top five reasons you need a transportation sourcing solution: 1.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

Supply Chain Matters

NOVEMBER 7, 2023

The invention of the ocean container as a means for inter-modal sea and surface transportation movements have orchestrated the march toward lowest cost global based sourcing of components and materials. This BCG advisory further argued that carriers had yet to tap the potential of multi-carrier capacity agreements.

Cost Reduction Strategies 59

Cost Reduction Strategies Global Industrial Industry 59

ThroughPut

FEBRUARY 23, 2024

12 Key Supply Chain AI Use Cases Supply chain AI Use Case 1: Demand Forecasting Market instability is the Achilles heel of demand forecasting right now. And the effect of inaccurate demand forecasting is felt across the supply chain. Just about everyone in the supply chain gets negatively impacted by wrong forecasts.

Predictive Analytics Software 59

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

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Forecasting beauty products, which are susceptible to a broader sense of what is in or out of fashion, is difficult. Logistics can be a challenge.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 254

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Unleashed

APRIL 18, 2024

This system requires accurate demand forecasting and involves receiving goods only as they are needed in the production process. The JIT model at Dell involves a sophisticated supply chain system where components are procured and assembled only as needed to produce computers with a high degree of customisation.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

ThroughPut

OCTOBER 16, 2022

Demand planning is a key requisite for holistic supply planning as it involves building an accurate forecast of future demand based on supply drivers, to meet customer needs as precisely as possible. Therefore, one of the most critical aspects of the replenishment components is demand forecasting. Real-Time Forecasting.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

SYSPRO Smarter ERP

AUGUST 1, 2022

For example, in a bakery business, using the right tool with the BOM, the overall capacity of the oven and fridges could be monitored, and improvements as to how best to use ability could be suggested to reduce electricity costs, capacity constraints and workforce. This all improves customer satisfaction in the organization.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

Supply Chain Matters

JUNE 7, 2023

This week the World Bank released its latest June forecast of its Semiannual Global Economic Prospects Report. This latest forecast indicates that the global economy will grow by 2.1 percent forecasted at the beginning of this year. In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4

Forecasting 52

Forecasting Global Scenario Planning Supply Chain Planning 52

BlueYonder

OCTOBER 6, 2023

OEMs and Tier 1 suppliers should consider long-term forecast collaboration and capacity cooperation with their Tier-n suppliers. Short-term visibility at the Purchase Order/ASN level is insufficient. This involves creating a range of “what-if” simulations and contingency plans based on demand fluctuations and supply disruptions.

Waste Reduction 83

Waste Reduction Inventory Reduction Automotive Cost Reduction Strategies 83

The Logistics of Logistics

SEPTEMBER 12, 2020

The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. Students graduate with foundational knowledge across all areas of SCM, positioning them to work in multiple capacities for the top global companies. Forecasting.

Supply Chain Design Software 130

Supply Chain Design Software Negotiate Pricing Negotiating Skills Supply Chain Design 130

QAD

JULY 21, 2022

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. The bullwhip effect has multiple causes that distort the supply chain, including: Changes in demand forecasting.

Price Reduction 95

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 95

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. It provides capacity where and when organisations need it most. Data is critical to delivering a sustainable supply chain.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

SYSPRO Smarter ERP

MARCH 31, 2022

With digital technologies, organisations can use data to maximise visibility into demand, inventory, capacity, supply, and finances. The use of automated business systems supports efficient management of procurement and sourcing policy changes, improved distribution, and better decision-making based on relevant, and accurate real-time data.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

Logistics Viewpoints

MARCH 29, 2021

They also have 20 sourcing locations across North America from which they can ship make to stock products. The sourcing centers are key to just-in-time, same-day, next-day deliveries. The sourcing centers shipped over 130,000,000 pounds of product last year. Making refractory products is complicated and challenging.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

Taulia

AUGUST 29, 2023

Source suppliers strategically Supply chains are ultimately made up of suppliers. So, choosing the right suppliers – a process known as strategic sourcing – is vital when it comes to establishing a strong and efficient supply chain that ensures business objectives are met.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Supply Chain Game Changer

NOVEMBER 8, 2022

With the design of any product or service it is necessary to establish viable and reliable sources of supply. That is the job of the Procurement team. Wisely chosen these suppliers will also serve as a source of competitive information and competitive advantage. Inventory Positioning. This has an upside and a downside.

Supply Chain Design 114

Supply Chain Design Supply Chain Planning Supply Chain Strategy Manufacturing Procurement 114

HICX Solutions

JUNE 12, 2023

In this episode of the Supplier Experience Live podcast, we spoke with Yash Rai , Vice President, Procurement and Supply Chain Solutions at The Smart Cube. Yash has over 14 years of experience working in the procurement domain. Whether it’s Source to Pay (S2P), Procure to Pay (P2P), those kinds of technologies and tools.”  

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Trends Forecasting Software 52

DynaSys

OCTOBER 7, 2021

Forecasting and planning. Advanced Analytics let you share complex data and collaborate with critical stakeholders to improve forecast accuracy, better respond to consumer demand, reduce inventory, improve production, and grow profits. Sourcing and supplier performance. Fleet Management.

Analytics Software 52

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

Supply Chain Matters

MAY 31, 2022

billion has been raised from an initial public offering, with corporate strategy aiming to focus on acquiring adequate manufacturing capacity and demonstrating capability and actual delivery of designed vehicles to the market in order to garner a first-mover advantage in the EV market segment. Stellantis Senior Procurement Leadership Change.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Procurement Solutions North America 52

SCMDOJO

JULY 29, 2022

What is Economic Order Quantity (EOQ) Equation & Graph: The basic formula is as follows: EOQ = Economic Order Quantity, C = Cost of the item, I = Annual inventory carrying cost, D = have different names: “Annual anticipated demand”, or “annual sales volume/ unit”, “forecasted demand”, and “annual usage rate”. S = Cost per order.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

BlueYonder

OCTOBER 30, 2023

In order for logistics, procurement and distribution to align with the general advancements of the industry itself, these critical areas must give in to a more comprehensive transformation. Multiplying the number of suppliers is another, to reduce risk should one partner’s capacity drop off.

Automotive 92

Automotive Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Planning Software 92

Intelligent Audit

MAY 27, 2021

But their value isn’t limited to forecasting the future. Today’s shippers already have access to demand forecasting capabilities. There is now significant potential to truly redefine the planning process, however, using new internal and external data sources to make real-time demand and supply shaping a reality.”

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Intelligent Audit

MAY 27, 2021

But their value isn’t limited to forecasting the future. Today’s shippers already have access to demand forecasting capabilities. There is now significant potential to truly redefine the planning process, however, using new internal and external data sources to make real-time demand and supply shaping a reality.”.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

ivalua

JUNE 12, 2020

The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. As supply chains were disrupted, those organizations that had the closest relationships with suppliers were most likely to gain preferred access to keep goods flowing, and effectively forecast.

Vendor Strategies 130

Vendor Strategies Material Savings Optimal Sourcing Supply Chain Planning Software 130

Jaggaer

JUNE 9, 2020

Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY. What mid-term steps can they take to minimize their risk and maximize value?

Sourcing Strategies 52

Sourcing Strategies Price Reduction Manufacturing Procurement Procurement Solutions 52