Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. Investing in the Right Inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Forecasting Software Optimization Software 52

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Supply Chain Matters

JULY 19, 2023

Keep in mind that because China ’s economy was impacted last year by widespread Covid-19 lockdowns, economists are focusing on quarter-to-quarter or annual average growth rates as a yardstick comparison for economic growth. The recent Q2 GDP number is below the average 8 percent to 9 percent growth levels prior to the global pandemic.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. A lag is the comparison against points in time.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

QAD

JANUARY 18, 2022

The global pandemic forced companies to rethink employment policies on the fly, finding new ways to keep employees productive, engaged and, most of all, safe. According to the same BLS report, hires in durable goods manufacturing were down by 41,000, but this statistic doesn’t accurately reflect demand for workers. billion, Mexico $9.0

Buyer Training 96

Buyer Training Cost Reduction Strategies Expense Reduction Manufacturing 96

Logistics Viewpoints

AUGUST 12, 2022

The projected mineral supply until the end of the 2020s is in line with the demand for EV batteries in the ‘stated policies scenario’ of the IEA’s world energy model. For comparison, they spent $3.4 More companies looked to implement grocery deliveries, and third party companies looked to build out their rosters of drivers.

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227

OptiProERP

MAY 18, 2023

Direct procurement is critical for manufacturing companies as it enables them to obtain the necessary inputs to produce their products. The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Logistics Bureau

SEPTEMBER 4, 2023

Excessive costs can hide anywhere in your company’s service provision or supply chain functions, including manufacturing, logistics, distribution, and customer service. Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

Taulia

MARCH 2, 2023

At Zenith Precision Machining, there is a policy of multi-sourcing suppliers, which are selected according to several criteria, including price, quality, reliability, and flexibility. Inventory is tracked and controlled in real time with inventory management software. Their supply chain is organic and somewhat antiquated.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Elementum

AUGUST 9, 2022

Executive Summary You’re probably familiar with the concept of Design for Manufacturing: taking manufacturing processes, scalability, and profitability into account as a product is being developed, and designing for optimal results given all of the known constraints. Like me, you may remember learning about them in college.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Design Supply Chain Optimization Optimal Sourcing 78

Supply Chain Game Changer

MAY 27, 2020

Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Manufacturing.

Price Reduction 132

Price Reduction Cost Reduction Strategies Material Savings Purchasing Skills 132

GlobalTranz

AUGUST 17, 2015

This advisory board is to serve as the first step towards a more comprehensive supplier policy and the building block for Raytheon’s new SRM strategy. Omni-channel shopping has given customers a wider selection of goods and a platform for price comparison. In 2013 B2C e-commerce sales accounted for more than 1.2 trillion US dollars.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It measures the cost incurred by an organization to manufacture a quality product. Cost of quality. On-time and complete shipments.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

BlueYonder

DECEMBER 11, 2014

The incubator allows a baby to be protected in its most vulnerable stage of life, giving it a chance to live a full life in comparison to the incremental 10 to 30 years offered by other important medical breakthroughs. However, there is something to be said for end-to-end orchestration.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Design 75

Precoro

JUNE 21, 2023

GAAP helps policy boards regulate accounting within the business environment. Accounting policies and assumptions in areas such as inventory valuation methods, depreciation methods, and criteria for estimating fair value. Measuring assets (like property and equipment) and liabilities (loans and obligations).

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Unleashed

OCTOBER 20, 2021

For example if you’re running a product-based business then inventory management is essential. From inventory tracking and safety stock levels to assembly, purchasing and shipping, getting inventory management right will increase your chances of success. Get your inventory management processes right from the start.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Forecasting Software 52

SCMDOJO

FEBRUARY 19, 2024

Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.).

Six Sigma 75

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 75

The Network Effect

DECEMBER 5, 2014

In fact some vendors have even published comparisons of the workflows in their systems to the structure of CPFR. Using this method means a price must be paid in lost sales along with excess and obsolete inventory. Typical measurements include inventory turns, truck utilization, and premium freight reduction. What is CPFR?

Supply and Demand 177

Supply and Demand Supply Chain Design Software Demand Planning Software Supply Chain Planning Software 177

Supply Chain Shaman

OCTOBER 2, 2020

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. I called the customer service line for the manufacturer and was told that the only thing I could do was call a maintenance specialist. A Comparison Of Company Performance To Industry Average.

Customer Service 285

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 285

Arkieva

DECEMBER 7, 2016

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Inventory, together with receivables, are essential components of the cash-to-cash cycle time.

Optimization Software 60

Optimization Software Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 60

ShipBob

AUGUST 16, 2021

During this time, supply chain efficiencies can get disrupted as online brands try to keep up with demand, managing inventory and fulfilling a high volume of orders, while shipping carriers become busier than usual, working hard to deliver packages on time. Common peak shipping season challenges. Inexperienced 3PLs.

Shipping 98

Shipping Inventory Reduction Material Savings Supply Chain Planning Software 98

Supply Chain Matters

AUGUST 14, 2023

Intel and AMD Financial Quarterly Performance The Wall Street Journal recently reported that the personal computer market has been showing signs of recovering in recent months as manufacturers have run through chip inventories and are reportedly making new orders. However, total revenues declined 15 percent on a year-over year basis.

Supply Chain Network Software 52

Supply Chain Network Software Industrial Industry Inventory Reduction 52

Infosys Supply Chain Management

DECEMBER 29, 2011

Industrial Manufacturing. During the release process, if sufficient inventory is not available, order used to get backordered. The order release process should be timed strategically considering various factors like, warehouse processing time, delivery date, fulfillment method, and inventory considerations. Automotive.

Optimal Sourcing 24

Optimal Sourcing Manufacturing Procurement Inventory Reduction Supply Chain Planning Software 24

SCMDOJO

APRIL 22, 2022

The tokenization system will also improvise how inventories are managed in the supply chain. When we buy any smartphone, we go with features and the company, and we have no clue where it is manufactured, when it is manufactured, and the battery shelf-life. Take the example of a smartphone. Better Supply Chain Collaborations.

Supply Chain Planning Software 137

Supply Chain Planning Software Pharmaceutical Supply Chain Software Supply Chain Planning 137

Unleashed

JULY 11, 2021

Sustainability certifications help consumers identify whether or not a product or manufacturer is sustainable. A benchmark baseline will establish fair and standardised testing and comparisons. Animal welfare certifications are important for food manufacturers. Sustainability certifications for manufacturers.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98

Unleashed

AUGUST 11, 2022

A micro distillery, while small in comparison to the larger brands, can still produce large batches of product. This is due in part to better approval policies developed by regulatory bodies. Distillery Inventory Management Software to Lift Your Spirits. Profit margins for craft spirits range from 20-40%.

Trends 52

Trends Predictive Analytics Software Demand Planning Software Inventory Management Software 52

BlueYonder

AUGUST 26, 2014

To oversimplify a bit, in this initiative, the retailers and manufacturers compared their own forecasts and worked to come up with a consensus forecast. These collaborative forecast initiatives had positive impacts on inventories and service levels. The most prominent was Collaborative Planning, Forecasting & Replenishment (CPFR).

Modeling 64

Modeling Supply Chain Planning Software Forecasting Las Vegas 64

ShipBob

AUGUST 3, 2020

Founded in 2006, this firm is slightly newer in comparison to others. Companies have to make sure that the manufacturer they’re buying from is reliable, that the product is worth the price, that they will have enough demand, and enough capital. You must be able to manage inventory turnover seamlessly and prevent stockouts.

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105

QAD

DECEMBER 19, 2019

In our previous Actionable Insights blog , we discussed QAD’s Inventory Value Action Center. Understanding the use of inventory spending is critical for planning and to ensure that money is being used wisely. This helps enable budgeting by site and comparisons of spend and commitment policies by site.

Purchasing Skills 130

Purchasing Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 130

Unleashed

DECEMBER 20, 2022

This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. Most retail and manufacturing goods – such as apparel, entertainment, groceries, and household goods – fall within this category. Primarily used by retailers and manufacturers (D2C). B2C B2B C2B C2C.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. Relative Goals are based on percentages and KPIs but in comparison to units, so reducing virgin plastics per unit of product sold by 75% by 2025.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. Relative Goals are based on percentages and KPIs but in comparison to units, so reducing virgin plastics per unit of product sold by 75% by 2025. How to Gather Data from Suppliers. .

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52

RFgen

SEPTEMBER 4, 2019

Factors like the size of your enterprise, what industry you are in, IT security policies and individual organizational needs all play a role. According to Gartner and TechTarget, 35% or more of new ERP deployments in large enterprises will either support SaaS or “be loosely coupled with on-premises manufacturing execution systems,” or MES.

Supply Chain Planning Software 55

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 55

RFgen

SEPTEMBER 4, 2019

Factors like the size of your enterprise, what industry you are in, IT security policies and individual organizational needs all play a role. According to Gartner and TechTarget, 35% or more of new ERP deployments in large enterprises will either support SaaS or “be loosely coupled with on-premises manufacturing execution systems,” or MES.

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 52

Infosys Supply Chain Management

MARCH 6, 2014

Industrial Manufacturing. During peak processing periods - like year closing activities, balance sheet preparation, inventory reconciliation etc. In many countries, as an extension to data security issues, data privacy is governed by local government policies. It will require a detailed comparison study and feasibility analysis.

Supply Chain Planning Software 35

Supply Chain Planning Software Supply Chain Software Modeling Software Supply Chain Planning 35

Logistics Viewpoints

FEBRUARY 25, 2022

After months of troop buildups, attempted blackmail by Russian President Vladimir Putin to get policy concessions, failed diplomacy, and Russian lies about their peaceful intentions, Russia’s invasion of Ukraine began early Thursday morning. In terms of trade, these are not critical, single-sourced Tier 1 inputs needed in manufacturing.

Price Reduction 207

Price Reduction Ukraine Russia Logistics Network Optimization Software 207