Logistics Viewpoints

MAY 19, 2022

Technical innovations can also impact supply chains, which is why many turn to supply chain planning solutions, which are designed to be trade-off machines. Work planners previously did manually can be calculated by software. But advances in this area have two limitations – the software itself and our ever-changing world.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Poor planning can result in overstocking of goods, which is an inefficient and costly use of your storage capacity.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Unleashed

OCTOBER 6, 2021

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

DECEMBER 14, 2021

Integrated forecasting, store replenishment, warehouse procurement, purchase order creation, operational constraints such as storage space, unloading capacity, and commercial agreements such as vendor lead times, minimum order quantities, packaging configurations can hugely improve productivity and accuracy in the planning processes.

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. Inventory reduction may also involve preventing excess inventory in the first place and adjusting procurement strategies to focus on SKUs that are more likely to sell.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

OptiProERP

MARCH 15, 2022

The production schedule helps keep workers and machines at capacity. Instructions may include the design of the product, information on how to use certain tools, and more production information. Look at the three ways production scheduling within ERP software helps manufacturers improve business growth: 1. Connectivity.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Production Schedules and Capacity Planning.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. Products available on backorder are are out of stock in the supplier’s warehouse but may still be purchased by consumers in advance of future availability. How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. Procurement and purchasing Before goods can be sold and delivered to customers, they must be produced, acquired, and prepared for sale. In a manufacturing setting, this step involves the purchasing of raw materials and production equipment.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

ThroughPut

FEBRUARY 23, 2024

Traditional manual approaches and one-size-fits-all tech solutions fall short, offering scant assistance. The solution? You can conveniently work with the right suppliers by analyzing pricing, quality, and delivery times as the system helps you identify reliable suppliers, thereby, streamlining the procurement processes.

Predictive Analytics Software 59

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

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. You can keep your purchasing costs down by stocking only the SKUs that generate profit and demand. Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal. This can be successfully executed by well fostered cross-team communication and shared business goals.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Supplier relationship management software will significantly drive efficiencies in administrative tasks. What is supplier relationship management? Greater administrative efficiencies. Consistent communication.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. Implement production scheduling software Spreadsheets are helpful, but they can be limiting. Production planning precedes production scheduling.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Precoro

JUNE 6, 2022

For example, software vendors often sell software and support services to the end-user on behalf of large IT corporations. For example, one company can act as a vendor at the market but at the same time have producing capacities and manufacture its own goods to supply itself and other vendors. When to Work With Vendors.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

OCTOBER 8, 2019

The organization, tightly capacity-constrained failed to forecast and build capacity ahead of market demand. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. The River of Demand. #3 3 More Than a Simple Triangle.

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

BlueYonder

FEBRUARY 17, 2022

Focus on warehouse automation has come full circle since the last big automation movement of the ‘90s, but today with a significantly better set of tools and technological improvements enabling more robust digital transformation and warehouse automation. Investments in Transportation solutions is imperative.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 71

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Talking Logistics

JUNE 2, 2016

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

Unleashed

JANUARY 10, 2023

The 5 components of the supply chain planning process: Supply chain visibility Supply chain mapping Production optimisation Product pricing optimisation Implementation of supply chain planning software Combine these and you’ll get an optimised supply chain planning strategy that brings in extra revenue and helps you cut unnecessary business costs.

Supply Chain Planning Software 52

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

Precoro

DECEMBER 12, 2023

Electra’s user-friendly app works like so:  When drivers need to charge their vehicle, the app takes into consideration their car specifications and the availability and power capacity of nearby charging stations in order to recommend the best option.

Procurement Solutions 52

Procurement Solutions Pricing Training Purchasing Training Procurement Analytics 52

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. Every KPI needs a clearly defined goal. Supplier KPIs.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

EcoVadis

JULY 11, 2016

This workshop brought together Global Compact LEAD companies and other members convened to define and bring urgency to sustainable procurement, and to discuss how they can motivate and mobilize their companies to address this next frontier in Corporate Social Responsibility (CSR) progress. Capacity building.

Procurement Analytics 40

Procurement Analytics Sustainability Pharmaceutical Supply Chain Strategy 40

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. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Logility

OCTOBER 6, 2023

Integrations include cloud ERP systems, data warehouse solutions, or big data systems – such as Microsoft Azure Synapse and Snowflake – or can be driven by events or web services that make the platform more responsive. You can request additional environment capacity and timelines through Logility’s request management system.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. They may even take over the provisioning of an entire end-to-end solution.

Optimal Sourcing 66

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

CH Robinson Transportfolio

JULY 28, 2020

Robinson can reduce the time and energy your general managers and kitchen operators spend managing purchase orders and resolving claims. By combining purchase order technology and expert logistics support, we manage supply chains so our clients can direct store operators’ time to revenue-driving activities instead.

Resource Reduction 55

Resource Reduction Vendor Strategies Cost Reduction Strategies Inventory Reduction 55

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . or a contractual relationship.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. The latter was so severe that cargo ships had to run at half their usual capacity. In the case of manufacturers, it means procuring green and sustainable raw materials. While the COVID-19 pandemic brought down CO2 emissions by 5 percent —to 34.81

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential.

Supply Chain Software 33

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 33

Silvon Software

APRIL 1, 2024

Business strategy solution jigsaw puzzle Today’s business applications are capturing, processing, and storing unprecedented volumes of data. The analytics help to improve a business process by analyzing a predetermined set of metrics relevant to the process and providing historical context of the data.

Procurement Analytics 59

Procurement Analytics Analytics Software Predictive Analytics Analytics 59

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52