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

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

Supply Chain Shaman

FEBRUARY 18, 2021

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Also, the solutions lacked flexibility. No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts. Lessons Learned. The reason?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Supply Chain Shaman

APRIL 26, 2022

Since I have covered bi-directional orchestration in prior blogs, here I am going to detail how taxonomies in the area of digital twin and direct procurement need to morph to drive value but for reference, in Figure 1, I share the previously shared model for bi-directional orchestration. Tackling Procurement.

Manufacturing Procurement 219

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 219

SYSPRO Smarter ERP

MARCH 9, 2022

When it comes to selecting software for the enterprise, decision-makers must choose between multiple solutions. This may include choosing software for managing the enterprise (an ERP system), for supply chain management (SCM) or for customer relationship management (CRM). CRM software is used to enhance customer relationships.

Supply Chain Planning Software 119

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

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. It compares the company’s current assets against its current liabilities, indicating its capacity to settle short-term debts within a year.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Locus

MAY 16, 2023

This has pushed enterprises to find the proper logistics software to fulfill their last-mile delivery requirements. So, let’s find out the top five logistics software companies in India that enterprises can collaborate with! What Are the Top Five Logistics Software Companies in India?

Logistics Network Optimization Software 52

Logistics Network Optimization Software India Optimization Software Analytics Software 52

Locus

APRIL 13, 2023

This newly-added focus has pushed companies to invest in logistics software that helps them improve their delivery process and make it more customer-friendly. So, if your business is looking for the top logistics software companies, you’ve come to the right place. Let’s dive in!

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

Logistics Viewpoints

MARCH 27, 2023

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. When companies talk about improving their forecasting, they are most often referring to demand forecasting. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

SCMDOJO

SEPTEMBER 8, 2023

Cost Efficiency : By accurately forecasting material requirements, MRP helps in bulk purchasing and availing discounts, leading to cost savings. Businesses can accurately forecast their purchasing needs by determining the total demand for materials. This metric ensures that production and purchasing activities are timely and efficient.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

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

SCMDOJO

JANUARY 17, 2024

A capacity planner optimizes production capacity. They are in charge of purchasing, procurement, and sourcing. To Improve your Materials Management Comptencies, Download our Assessment Tool. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g.,

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

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. Every manufacturer knows the importance of raw materials – without them, there’s no final product.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Unleashed

NOVEMBER 12, 2023

Bullwhip effect in the supply chain Referring to an augmented variability in demand, the bullwhip effect in supply chain management magnifies inefficiencies as each step up the supply channel progressively estimates demand with greater inaccuracy.

Inventory Reduction 52

Inventory Reduction Material Savings Supply Chain Planning Software Price Reduction 52

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. For this reason, food manufacturers in particular run a high risk of spoilage and waste.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

DECEMBER 12, 2023

This article explores the benefits of good BOM management, the role of a BOM manager, and how to manage your BOMs effectively with best-practice processes, software, and equipment. BOM management refers to the people, processes, and technologies utilised to effectively manage a company’s bills of materials. What is BOM management?

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

Logistics Viewpoints

MARCH 1, 2021

Dr. Alexandros Skandalakis – the Director Global Manufacturing Capacity, Strategic Assets and Capital Expenditures at Philip Morris Products S.A. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We

Modeling 179

Modeling Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 179

Unleashed

OCTOBER 23, 2023

The main benefits of production planning include: Business-wide visibility: A production plan lays out all the manufacturing processes and required materials, including what you need to procure and what’s already available. Reduced waste: Optimising processes and inventory means gaining a more accurate understanding of your requirements.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Unleashed

AUGUST 5, 2021

Material Requirements Planning software can be a good solution for modern manufacturers. But how does MRP work, and how is it different from other modern manufacturing software? Learn more: Unleashed Software for manufacturers What is MRP? MRP helps manufacturers make better decisions around when to purchase materials.

Material Savings 98

Material Savings Supply Chain Planning Software Inventory Management Software Forecasting Software 98

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. They do this by correctly matching client requirements and carrier capacities. A freight agent can refer to a person or a group that works under a freight broker or independently. Subscribe Here!

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

Unleashed

AUGUST 20, 2023

In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery. For customers, it can mean the time it takes to receive an order after they have purchased it.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

GlobalTranz

JANUARY 22, 2019

Dropshipping refers to manufacturers sending products directly, but products are purchased through a third-party. As dropshipping increases in use, more organizations will purchase software to manage and control warehouses. The Top Logistics Trends that Will Impact Logistics Management in 2018?. GET YOUR FREE WHITE PAPER.

Logistics Network Optimization Software 182

Logistics Network Optimization Software Analytics Software Demand Planning Software Trends 182

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Unleashed

FEBRUARY 26, 2024

Keep reading to learn about the processes, tools, and best practices you can implement to optimise your warehouse inventory management strategy. Maintaining accurate inventory records and implementing the right warehouse inventory management tools will help you minimise costly disruptions in operations.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Kinaxis

MARCH 9, 2015

Your ERP system has the capability to do rough cut capacity planning. Well, yes, rough cut capacity planning is better than nothing and it can give you some hints as to where problems might be. Remember that problem we had above with the capacity at a different plant with a different ERP system. And then it’s too late.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Modeling Software Analytics Software 100

Unleashed

NOVEMBER 2, 2023

Production schedule example Production schedules can be highly complex documents produced by manufacturing software that go into detail about each stage of production, or they can be simple spreadsheets that just list out the start times and deadlines for each process. Play Video about Video thumbnail for youtube video xemo7terjvg 5.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Logility

AUGUST 11, 2020

For example, read the recent article in Supply Chain Dive, From Visibility Software to Pallet Picks: How Tillamook Planned Inventory as Demand Soared. The System Challenge (and Solution). A renewed focus on advanced sales and operations planning, or what some in the industry refer to as Integrated Business Planning (IBP).

Beverage 223

Beverage Supply Chain Planning Software Supply and Demand Supply Chain Software 223

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. WooCommerce order fulfilment refers to the processes involved in completing customer orders through an online WooCommerce store. Procurement is the process of sourcing the suppliers and service providers that enable you to sell products.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

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. Cognitive analytics: Cognitive analytics is a powerful tool that relies on artificial intelligence and machine learning to process vast amounts of data.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Synovos

DECEMBER 5, 2023

The challenges: then and now Initially, the client didn’t have the capacity or experience to manage MRO in-house. RS Integrated Supply, a global provider of outsourced storeroom management and procurement services, was hired to handle all indirect procurement, including storeroom management, on their behalf.

Manufacturing Procurement 52

Manufacturing Procurement Food Purchasing Skills Supply Chain Software 52

Synovos

DECEMBER 5, 2023

The challenges: then and now Initially, the client didn’t have the capacity or experience to manage MRO in-house. RS Integrated Supply, a global provider of outsourced storeroom management and procurement services, was hired to handle all indirect procurement, including storeroom management, on their behalf.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Purchasing Skills Optimal Sourcing 52

Precoro

OCTOBER 31, 2022

An early payment discount (EPD), also often referred to as a prompt payment discount or a cash discount, is an agreement between the seller and the buyer that allows the buyer to pay less than the invoice amount due under the condition that they pay sooner. However, the buyer should be absolutely sure of their capacity to pay earlier.

Negotiating Skills 98

Negotiating Skills Buyer Training Purchasing Skills Procurement Solutions 98

Freightos

NOVEMBER 11, 2021

The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. This isn’t just about purchasing power. Enter Big Tech.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Supply Chain Matters

APRIL 18, 2024

Drugs such as branded Wegovy remain in short supply, while the advertising of the drug for weight loss continues non-stop across multiple media outlets, which results in added patient demands that in-turn, can lead to added shortages of drug ingredients and production capacity needs. They’re cheap and relatively easy to produce.

Manufacturing Procurement 52

Manufacturing Procurement Pharmaceutical Purchasing Skills Sourcing Strategies 52

Unleashed

MAY 10, 2022

The purchasing business then on-sells the goods to its own customers at a profit. These terms all refer to the same model of selling goods in bulk online. Bulk buyers of flowers, for example, or other perishable goods, will still wish to see their purchases in person. It is generally a far more emotions-led purchase.

Pricing Training 98

Pricing Training Inventory Management Software Purchasing Skills Purchasing Training 98

ToolsGroup

JULY 10, 2018

Computing power and storage capacity have grown exponentially, while the cost of both have plummeted. Second, it can be a continuously improving process, where planning outcomes are regularly assessed and used to fine-tune the next cycle using tools such as Forecast Value Add (FVA). Demand Sensing.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Locus

JULY 25, 2023

E-commerce is becoming a reality,” the management consulting company stated, “reinventing consumers’ path to purchase, forming new customer experiences , disrupting business models, and creating growth opportunities for large and small retailers as well as for a new generation of pure E-commerce players.” In 2019, Bain & Co.

Optimization Software 98

Optimization Software Modeling Supply Chain Optimization Optimization Modeling 98