Logistics Viewpoints

FEBRUARY 20, 2024

Another strategy is to dedicate resources and build the best algorithm for demand forecasting. This means that pouring resources into better forecasting will not produce the anticipated result. The manufacturing capacity for each plant is the same (90K units per month), and there are no maximum inventory constraints.

Sourcing Strategies 227

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 227

Logistics Viewpoints

APRIL 11, 2024

Manufacturers of these weight loss drugs face a multi-headed hydra of the three c’s: coverage, competition and capacity. But I’ll focus on capacity, since that is the supply chain lever. Planning together allows companies to reduce excess inventory that builds up when they plan sequentially.

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

Freightos

JANUARY 15, 2024

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. In other words, while demand was dropping, supply of capacity was increasing. In other words, this is a far cry from 2021 and its dramatic capacity shortage.

Negotiating Skills 294

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 294

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. A decrease in the compliance rate results in an increase in indirect procurement or maverick spending.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

ThroughPut

SEPTEMBER 1, 2022

The new capabilities enable businesses to solve the unending challenge of balancing their inventory-to-sales ratio with accurate demand planning and buyer behavior analytics. With its iconic vision, ThroughPut helps businesses around the world minimize wastage of resources, increase shareholder value, and drive sustainable operations.

Price Reduction 98

Price Reduction Supply and Demand Resource Reduction Inventory Reduction 98

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment? Reducing overall freight costs.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

GlobalTranz

SEPTEMBER 23, 2021

Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . The added strain on resources is on track to force high freight volumes to continue well into the next year.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. Manufacturers that adopt Industry 4.0

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning?

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning?

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

GlobalTranz

OCTOBER 6, 2021

With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. Leveraging a 3PL’s relationships, people, processes and technology helps businesses balance supply and demand volatility and secure reliable and consistent capacity.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logistics Viewpoints

DECEMBER 12, 2022

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. We do some capacity planning for manufacturing, manufacturing engineering, test engineering, and truck capacity.”.

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

ThroughPut

MAY 2, 2024

When done right, it has the potential to add value to a variety of strategic functions, ranging from procurement and supply chain optimization to effective production and distribution. From stockouts to increased costs, excess inventory, and reduced customer satisfaction, there are endless issues.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Modeling 52

ThroughPut

MAY 3, 2024

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Scalable production capacity to accommodate fluctuations in demand. Skilled workforce trained in the latest assembly techniques and quality standards.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

SCMDOJO

APRIL 29, 2024

Planning ensures that resources are allocated effectively and that production and distribution meet customer demand. It encompasses activities such as procurement, supplier selection, and evaluation. Warehousing: Warehousing involves the storage and management of inventory.

Supply Chain Planning Software 66

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 66

Supply Chain Game Changer

APRIL 27, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. Inventory levels will determine whether any company will survive or die. Subscribe Here!

Inventory Reduction 86

Inventory Reduction Inventory Management Software Inventory Management Material Savings 86

SYSPRO Smarter ERP

OCTOBER 9, 2023

Getting costs under control is important for a good return on capital investment and to ensure factory equipment is operating at optimum capacity and profitability. For labor and machinery, it is important that the shop floor is running efficiently and close to capacity and that resources are being used effectively.

Manufacturing Procurement 111

Manufacturing Procurement Cost Reduction Strategies Purchasing Skills Quality 111

Precoro

FEBRUARY 12, 2024

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. They encompass cash reserves, accounts receivable, inventory, and marketable securities. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. Artificial Intelligence.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Unleashed

MAY 30, 2023

Anticipation inventory is the solution to this problem. Read on to learn what it is, how it works, and the pros and cons of this inventory strategy. What is anticipation inventory? Anticipation inventory can be described as the inventory which is purchased in anticipation of expected increases in demand.

Inventory Reduction 52

Inventory Reduction Inventory Negotiating Skills Purchasing Skills 52

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

SYSPRO Smarter ERP

MARCH 9, 2022

In 1990, technological research and advisory firm, Gartner, created the definition for enterprise resource planning (ERP) as: “an integrated suite of business applications. Many also extend to inventory management, order management, procurement, and production. What is ERP? What does an ERP offer?

Supply Chain Planning Software 119

Supply Chain Planning Software Manufacturing Procurement Supply Chain Software Procurement Solutions 119

SCMDOJO

JANUARY 17, 2024

A capacity planner optimizes production capacity. A logistics resource planner coordinates workers and transport fleets to fulfill customers’ orders. They are in charge of purchasing, procurement, and sourcing. A demand planner estimates the future demand for given products. (Do raw materials) between its sites.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

NC State SCRC

DECEMBER 28, 2021

Procurement and supply chain executives are on the “same team” – and in general, a recent study conducted by the SCRC and GEP suggests that there is strong alignment between the two functions when it comes to prioritizing lower risks and reducing uncertainty in supply chains.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Price Reduction 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

A collaborative supply chain model helps partners locate the resources needed on demand. It provides capacity where and when organisations need it most. When it comes to transport, organisations will have visibility of shipments in the network, type of vehicles required for delivery, ensuring optimised loading capacity.

Supply Chain Planning Software 223

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

Silvon Software

APRIL 1, 2024

Historically, operational reporting answered simple but vital questions about a business’s current status, like cash on hand or inventory levels. Supply Chain Inventory Turnover – Measures how often inventory is sold and replaced over a period. Do I have enough warehouse capacity and resources?

Procurement Analytics 59

Procurement Analytics Analytics Software Predictive Analytics Analytics 59

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Freightos

AUGUST 26, 2015

The Experts’ Choice of the Top Online Logistics Resources. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. World Civil Aviation Resource Net. Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120

Logility

JUNE 15, 2021

In this instance, time, money and resources are wasted trying to sell perishable goods that do not align with consumer demand. Advanced inventory management. An F&B company can use advanced inventory management to automatically establish appropriate inventory control parameters for each SKU/location combination.

Supply and Demand 147

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

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

Supply Chain Opz

MARCH 26, 2015

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. What is the Best Forecasting Model?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Unleashed

OCTOBER 23, 2023

Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals. This bird’s eye view of your resources paints a complete picture of your company’s financial health and current production capacity.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Vanguard Software

AUGUST 31, 2021

Capacity planning creates real value in ensuring businesses can meet customer demand, and it is a critical path for a positive customer experience. . Defining capacity planning. Capacity is the ability to receive, contain, or deliver its products. Successfully plan your capacity. Demand Planning Forecasting Application.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Supply and Demand 40