SupplyShift

JUNE 17, 2021

ESG takes top priority on a company’s vision for the future. For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. As companies get more serious about sustainability, they have also started implementing and assessing bold ESG goals.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

ESG takes top priority on a company’s vision for the future. For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. As companies get more serious about sustainability, they have also started implementing and assessing bold ESG goals.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Anticipate and react to market volatility and price changes. Source: Supply Chain Quarterly 8.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

SCMDOJO

MARCH 19, 2024

In short, a structured supply chain department acts as the backbone of a company’s ability to get the right products to the right customers at the right time, all while keeping costs under control and minimizing risks. This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Supply Chain Game Changer

SEPTEMBER 30, 2020

Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Sure, you can try and shuffle through the rows and columns of your Excel Hell, build custom algorithms, and visualize a bar chart.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Luckily, supply chain analytics is here to help! It is an essential element of supply chain management.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Supply Chain Movement

MAY 19, 2016

In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. By Helen Armstrong. It’s a one-stop shop.”.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

Supply Chain View from the Field

NOVEMBER 25, 2013

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. They were able to derive an R-squared of 0.80, which is excellent given the number of data points they started with.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

Provenance

OCTOBER 1, 2018

At Provenance, we envision a future where every great product comes with accessible, verifiable information about the people, places and materials behind its creation, helping us all make positive choices about the things we buy. You must be contextually articulate with excellent copywriting skills. More on our mission here.

Supply Chain Planning Software 40

Supply Chain Planning Software Analytics Software Supply Chain Network Software Negotiating Skills 40

Logistics Bureau

OCTOBER 19, 2020

It’s also possible to use level 2 and level 3 metrics for benchmarking the supply chain, provided sufficiently detailed data is available for the peer companies you plan to benchmark against. As beneficial as it may be, it’s rare for internal benchmarking to take a company all the way to best-in-class in its industry.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. eAuctions technology can reduce the cost of purchasing products and services by up to 20%. It’s time for the Auctioneer to take the stage!

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

EazyStock

SEPTEMBER 25, 2018

To stay ahead, tech-smart operations, savvy professionals are using logistics and supply chain mobile applications as must-have tools for operational excellence. These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

Supply Chain Game Changer

NOVEMBER 16, 2022

Digital procurement practices are a significant factor in achieving company excellence. A procurement automation system may help a company become more efficient by offering unparalleled collaboration. Instead of forcing suppliers to seek a means of getting in touch with the company employees, they may use a self-service portal.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. In general it’s preferred to choose just a few KPIs (say 3 or 4) to focus on.

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. In other words, federal agencies may require different KPI reporting what trucking companies want to know. Core KPIs to Track and Understand.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers realize that purchasing decisions should be based on value, not just cost. The best value combines a good price, with excellent on time performance and great service. Excellent communication. Highly effective shippers see a well-run shipping function as a competitive advantage.

Logistics Network Optimization Software 223

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 223

Logistics Bureau

NOVEMBER 27, 2016

While I’m a firm believer that innovation, not emulation, is the way forward for any company wishing to differentiate through its supply chain, I also believe that reinventing the wheel is something to be avoided if possible. The answer lies in the company’s commitment to corporate responsibility and sustainability.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. For instance, a company may discover that it has ignored better sourcing opportunities due to a lack of information and overlooking peripheral costs.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

ShipBob

APRIL 13, 2021

What are ecommerce KPIs? Sales KPIs. Marketing KPIs. Customer service KPIs. Shipping & logistics KPIs. Ecommerce KPI examples. How ShipBob helps retailers track and achieve ecommerce KPIs. What are ecommerce KPIs? KPIs are so crucial for your online store because they: 1.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Logistics Viewpoints

JUNE 7, 2023

First, what are some things companies can do to reduce delivery costs and how does technology play a role? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies. Most companies are going through cost pressures, and technology can play a big role in how a company reduces these costs.

Cost Reduction Strategies 190

Cost Reduction Strategies Purchasing Skills Logistics Network Optimization Software Predictive Analytics Software 190

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. This time I’m going to share some warehouse-specific insights into KPI selection and use. 1) Speed up the Warehouse. For Putaway.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

synchrono

JANUARY 31, 2017

The goal is to provide real clarity around the elements that drive organizational excellence and enhance demand-driven results. Customer Centric If there is no data in your company’s systems measuring what your customers are actually buying directly, then you’re working with a derivative measurement.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

6 River Systems

FEBRUARY 22, 2019

But without an effective fulfillment strategy, it’s difficult to control fulfillment costs, which can have a negative impact on the company’s bottom line. Sophie Miles is the VP of Marketing & Co-Founder of CalculatorBuddy.com , a tech company in expansion to USA, Canada, and South Africa. Sophie Miles. Jan Bednar.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Infosys Supply Chain Management

APRIL 8, 2014

« Gamification - An EAM perspective | Main | Whats your KPI? There are pre-packaged software applications which help companies in analyzing their data and give them meaningful insight into their data - examples are customers demand trends, financial analysis, sales optimization etc. is called Advanced Analytics.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., Their role involves sourcing and purchasing high-quality products at competitive prices. raw materials) between its sites.

Purchasing Skills 74

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 74

Logistics Bureau

DECEMBER 20, 2021

Every company that depends on selling a physical product needs to know how fast the product moves. The inventory turns KPI is the metric that provides this information. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 77

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 77

Unleashed

AUGUST 15, 2024

The case for Zoho Inventory alternatives Zoho Inventory can be a useful tool for managing stock and purchasing, but it’s not suitable for every business. Plans from $359 per month for three users Manufacturing, wholesale, and distribution companies. Mintsoft Order management, 3PL management, advanced warehouse management.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Inventory Reduction 52

Synovos

MARCH 11, 2024

The Benefits of Outsourcing MRO Integrated Supply Chain for Food Manufacturers When RS Integrated Supply first started managing Maintenance, Repair and Operations (MRO) for one US food manufacturer, the client was a fledgling company. “I Food production is, however, different to other areas of manufacturing in crucial ways.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

ThroughPut

JUNE 24, 2022

When faced with a pandemic like COVID-19, establishing a good understanding of the impact on supply chains and contingency plans can help manufacturing companies deal with uncertainties in the right way. This has severely affected the smooth supply chain functioning across the globe due to the “panic buying” ripple effect.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

6 River Systems

OCTOBER 12, 2020

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line. trillion and motor carrier costs rose 10.1%

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

ShipBob

APRIL 30, 2023

An eye-popping 94% of customers say that positive customer service experiences make them more likely to buy again. Customer service levels measure the quality of service a company provides to customers. This can lead to a frustrating customer experience and prevent shoppers from buying from your store again.

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

Supply Chain Trend

DECEMBER 13, 2016

Whatever maturity model or consultancy support companies use, S&OP seems to get stuck. Steve Hainey is an international speaker who has had over 20 years’ experience in global multi-site supply chain planning for Fortune 100 & 500 manufacturing companies of retail consumable goods, chemical materials, and medical device products.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

6 River Systems

FEBRUARY 25, 2019

To find out what’s working for today’s companies, we reached out to a panel of supply chain professionals and asked them to answer this question: “What’s the single best tactic to optimize a supply chain?” We’re telling companies: scrap your spreadsheet; there’s a better way to manage this data.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

ThroughPut

MAY 23, 2019

Whether making the decision to “build, buy, or buddy”, that is, through internal R&D, acquisition of technology / companies, or licensing external technologies through partnerships, respectively, adequate capital is still a key determinant factor of success or failure. With Industry 4.0

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Automotive 40

ThroughPut

NOVEMBER 28, 2023

Many excellent supply chain analytics tools in the market differ in features, focus areas, visualizations, and other vital elements. These technologies can uncover patterns, anomalies, and correlations within the data that might not be apparent through traditional analysis methods. What are the Best Supply Chain Analytics Solutions?

Prescriptive Analytics Software 52

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