Logistics Viewpoints

JANUARY 26, 2021

The definition of agility and resilience will continue to evolve. This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. How is the typical company proceeding with this much-needed transformation?

Agile and Lean Supply Chain 268

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 268

Supply Chain Shaman

DECEMBER 15, 2022

As an analyst, I am always searching for answers and clear definitions. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. To help, I will ask, “How do you define value?” And, how do you tie functional excellence to corporate value?”

Manufacturing Procurement 392

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 392

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Supply Chain Shaman

APRIL 19, 2021

The Process of Software Selection. As the director of planning, Joe is involved in a multi-year process to select a new planning solution. “We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. The solutions are very different. Buying planning software is a lot like buying a car.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

Supply Chain Shaman

NOVEMBER 11, 2020

This is true even though we are not clear on the definition of next-generation processes. As companies wrestle with pandemic results, they must face the reality that a new form of decision support is required to sense market shifts in markets and make decisions at the speed of business. Top Three Challenges for Supply Chain Employees.

Supply Chain Design Software 307

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 307

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

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. Coupa also offers a robust, market share leading, supply chain design solution. Coupa, formerly public, became a private company. That has recently changed.

Supply Chain Design Software 202

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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Business Spend Management Solutions are Networked .

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Precoro

FEBRUARY 11, 2022

Has your company found a way to keep up with it? Efficient purchase order management helps to have essential business needs covered while engaging as few resources as possible. Once a supplier approves the purchase order, it becomes a legally binding document. What is Purchase Order Management, and why is it Important.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Optimal Sourcing Vendor Strategies 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

APRIL 16, 2024

The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supply chain planning. Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Unleashed

JULY 25, 2023

Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold. Inventory turnover ratio The inventory turnover ratio is a financial ratio showing how many times a company turned over its inventory relative to its cost of goods sold (COGS) in each period.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

FEBRUARY 12, 2024

This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. Additionally, they may involve the interest expense on loans or lines of credit used to finance inventory purchases. The company rents warehouse space to store its inventory of electronic items.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

JUNE 28, 2021

Idiomatic expressions are a type of informal language rooted in meaning that is different from the literal definitions of the words used in the expression. ). As an analyst for nearly two decades, I am constantly amazed watching companies throwing the baby out with the bathwater. What do I mean? To illustrate, let me share a story.

Supply Chain Planning Software 236

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 236

Supply Chain Matters

JUNE 2, 2023

In this special edition of Supply Chain Matters This Week in Supply Chain Tech , we highlight for readers a workforce reduction underway at procurement technology provider Coupa Software. Business procurement spend management support technology software provider Coupa Software initiated this week a corporate wide headcount reduction.

Price Reduction 52

Price Reduction Cost Reduction Strategies Supply Chain Design Software Network Design Software 52

Supply Chain Shaman

JULY 23, 2023

In each phase, companies refine the models until they find that the future is discontinuous. In the evolution, companies find that 80% of data surrounding the enterprise’s supply chain is unused in current supply chain decisions. The order latency is the time from purchase by the end consumer to the visibility of the order.

Supply Chain Planning Software 339

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 339

Supply Chain Shaman

FEBRUARY 2, 2024

The call to action in April 2016 was: Increasingly companies are evaluating business network solutions to close the gap on inter-enterprise visibility ; but as companies work on the problem, they find that they need to somehow interconnect business networks. Defining a solution to close the gaps are not so easy.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Network Software Supply Chain Planning Software Third Party Logistics 195

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. It helps businesses determine when to reorder stock, and how much of it to order.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Supply Chain Shaman

APRIL 9, 2021

Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Over 85% of companies turned their systems off, turning to spreadsheets and ad hoc manual analysis. The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. Mistake #5.

Supply Chain Planning Software 362

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 362

Supply Chain Shaman

JUNE 23, 2020

” Or, “If you need an answer, implement my solution.” Each company ranks in the 4% of companies beating their peer groups. No technology company is attacking supply chain planning at the center. The technology companies face tough challenges breaking out of the pack. Background. They did it.

Supply Chain Design Software 290

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 290

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. The year was 2004. I brushed it off.

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. 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.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Shaman

NOVEMBER 21, 2022

Definition of Confirmation Bias. As a developer working on the braking software of an automatic car for the past eight years, he constantly tells me that it is not easy, and all of the estimates are too waaaay too positive. I thought back to the press releases I wrote at prior technology companies, which only had a glimmer of truth.

Supply Chain Planning Software 299

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 299

Supply Chain Shaman

DECEMBER 11, 2018

Fuzzy definitions. Recent releases of Advanced Planning Solutions (APS) refined but did not transform initial software concepts. Companies talk about customer-centric supply chains, but most leaders are more comfortable in the world of supply than demand. Woolly descriptions. Over-arching superlatives. It does not.

Supply Chain Planning Software 199

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 199

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Insights

JUNE 12, 2017

Supply Chain Insights has just started a six month Putting Together the Pieces study on demand planning solutions. As we were preparing the questions to ask demand planning solutions providers, I realized I wasn’t quite clear on the differences between software deployment options. On-Premise. Cloud-Hosted.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Optimization Software 125

Supply Chain Shaman

JUNE 21, 2023

While companies talk digital, the projects follow traditional supply-centric paths. Before you react, here are some definitions. The Gartner analysis is biased toward companies within the Gartner network. I list sixteen in Table 2, but of the 29 companies listed in the Gartner Top 25, 27 underperform their peer group sector.

Gartner 360

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 360

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? The Evolution of Supply Chain! Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

SCMDOJO

SEPTEMBER 8, 2023

Cost Efficiency : By accurately forecasting material requirements, MRP helps in bulk purchasing and availing discounts, leading to cost savings. By integrating MRP systems, companies streamline their operations and position themselves more responsive to market changes.

Procurement Analytics 81

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

Supply Chain Shaman

AUGUST 24, 2020

Slowly, the systems became more interoperable, increasing the value for the consumer, the participants, and the companies involved. IBM purchased Sterling Commerce. Start With Definitions. To begin any discussion in this market, the buyer should start with definitions. Definitions. A network is not a network.

Supply Chain Network Software 338

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 338

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. What is order processing?

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Unleashed

MARCH 26, 2023

In this article, we break down native Xero inventory management and compare it with using an integrated Xero inventory software system. Free trial: Try Unleashed + Xero Inventory Management Software completely free for 14 days. Do you need integrated Xero inventory software? Xero is an incredibly versatile tool.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

Supply Chain Game Changer

JANUARY 21, 2020

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Email Address.

Procurement Solutions 87

Procurement Solutions Procurement Purchasing Training Negotiating Skills 87

Unleashed

AUGUST 6, 2023

In this competitive pricing guide Competitive pricing definition Competitive pricing is a sales and marketing strategy that involves manipulating price points in a business to match or beat the pricing of its competitors. The solution? Competition-based pricing can help improve eCommerce sales. Ride-sharing services. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Unleashed

APRIL 4, 2023

We also break down several case studies of companies currently using machine learning in their supply chain processes. Machine learning is a type of Artificial Intelligence (AI) which can use software, particular systems, or algorithms to analyse data without needing specific programming directions to do so. What is machine learning?

Case Study 52

Case Study Supply Chain Planning Software Supply Chain Software Forecasting Software 52

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120