Supply Chain Shaman

OCTOBER 29, 2014

Here are the three questions that I would like people to ask: Table 1: Comparison of Results for Best of Breed Solution Providers to ERP Expansionists in Supply Chain Planning. The first evolution of technologies were built by best-of-breed solution vendors. The implementation of decision support tools needs to be a way of life.

Supply Chain Planning Software 379

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 379

Precoro

JULY 1, 2024

Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurement software.

Purchasing Skills 105

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 105

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

MAY 11, 2022

In comparison, respondents were less concerned about internal issues such as shorter product life cycles, risk of obsolescence, or more production options. Our findings reveal increasing investments in software, automation and people.”. Download the complete report: Digital Supply Chain Planning Outlook 2022 ?. “The About ToolsGroup.

Purchasing Skills 295

Purchasing Skills Buyer Training Supply Chain Software Supply Chain Planning Software 295

Precoro

MARCH 31, 2025

Think back to the last time your business hit a procurement roadblock. Perhaps it was a mixed-up purchase order or an inaccurate sales order—pricey yet worthwhile lessons. In this guide, we walk you through basic procurement concepts (e.g., What Is a Purchase Order? Purchase Order Function Together?

Procurement Solutions 45

Procurement Solutions Purchasing Skills Optimal Sourcing Price Reduction 45

Supply Chain Shaman

JULY 29, 2013

We have been taught, as supply chain leaders, that over the last decade supply chain processes have improved costs, shortened cycle times, improved customer service and decreased inventory. ” Or run the statement by any software provider, and they will share that their solutions delivered these “best practices.”

Supply Chain Planning Software 350

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 350

EazyStock

JUNE 24, 2020

Common challenges include unpredictable customer behavior, unreliable inventory supplies, rising logistical costs and internal capacity constraints. Inventory optimization software is an important piece of the puzzle. It is critical to helping inventory management teams understand and manage demand and supply variables.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

Jaggaer

MAY 8, 2025

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

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.

Inventory Reduction 150

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

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. What do these drivers and advantages mean for my business?

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Network Software Modeling Software Optimization Software 194

Logistics Viewpoints

DECEMBER 15, 2022

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most. and Europe.

Optimal Sourcing 261

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 261

Supply Chain Shaman

JUNE 21, 2023

Table 2: Gartner Top 25 Comparison to Peer Group Results As large manufacturers work the conference circuit in the industry to increase brand awareness for their supply chain efforts, they feed the perception that their stories demonstrate supply chain leadership. Demand latency is the time cycle to translate a channel purchase to an order.)

Gartner 424

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 424

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Expense Reduction Price Reduction Vendor Strategies 45

Supply Chain Shaman

FEBRUARY 11, 2019

Note that academics and employees of technology software companies have a statistically significant higher level of job satisfaction. Note the comparison to the larger population. Last week, the Wall Street Journal reached out to discuss the rising inventories near the Port of Los Angeles. The response is often surprising.

Supply Chain Planning Software 207

Supply Chain Planning Software Modeling Software Demand Planning Software Supply and Demand 207

Logility

APRIL 2, 2020

Supplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. A good scorecard helps identify which vendors deliver the best value, explains the drivers of performance, and is a preferred collaboration tool for improving supplier relationships. Consider using software to automate data integration.

Negotiating Skills 158

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 158

Supply Chain Shaman

JUNE 14, 2018

In this series of posts, I am going to make an argument to augment ERP planning with new cloud-based solutions to improve decision-making. While many business leaders believe that Enterprise Resource Planning (ERP) and Advanced Planning Solutions (APS) will be equal to this task, it is not sufficient. Why ERP Is Not Sufficient.

Optimal Sourcing 191

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 191

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

IQMS

FEBRUARY 8, 2024

A warehouse management system (WMS) is a software application that helps control and manage the day-to-day operations in a warehouse. WMS software guides inventory receiving and put-away, optimizes picking and shipping of orders, and advises on inventory replenishment. What is a Warehouse Management System?

Optimization Software 52

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

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Run analytics.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Supply Chain Shaman

APRIL 16, 2024

As companies struggled to respond to increasing business complexity—a growing number of products, channels, and markets with regional preferences—few software applications were equal to managing channel complexity. Replatforming Current Planning Solutions. Guess what? Yes, there is a great opportunity, but the question is how to jump.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Modeling 221

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more. Or reduce carrying costs.

Inventory Management Software 98

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 98

GlobalTranz

JULY 7, 2017

Ironically, the main problem of today's domestic logistics planning optimization is not in a lack of information about ‘advanced’ tools, lack of appropriate equipment and information technologies, and not even that not all managers are in principle aware of the existence of any management mechanism.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Planning Software Optimization Software Logistics Network Optimization Software 96

EazyStock

NOVEMBER 17, 2020

What is ERP inventory management? ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. ERP inventory management limitations. ERP inventory management needs sophisticated demand forecasting.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. Increasing order efficiency.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg. Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication!

Optimal Sourcing 105

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 105

Logistics Viewpoints

FEBRUARY 25, 2022

Given low inventories and dwindling spare capacity, the oil market cannot afford large supply disruptions,” said UBS analyst Giovanni Staunovo in a Reuters article. FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. Graph of Russia War Supply Chain Interdependencies.

Price Reduction 261

Price Reduction Ukraine Russia Logistics Network Optimization Software 261

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Precoro

JANUARY 30, 2023

From raw materials (wood for a furniture factory or vegetables for a restaurant) and finished goods (office or lab supplies) to services (software subscriptions), buyer-vendor relationships are at the core of every business. As a company slowly grows, purchase management becomes more and more complicated.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

GlobalTranz

SEPTEMBER 26, 2018

Those that seek to succeed in shipping online need to know a few things about why less-than-truckload may be the solution, how customers’ expectations are increasing, and what benefits less-than-truckload offers. Looking for E-Commerce Solutions for LTL, Parcel, & FT for Your Shopping Cart? Get E-Commerce solutions.

Shipping 184

Shipping Cost Reduction Strategies Expense Reduction Freight 184

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

Expect to see improvements to customer engagements that are not limited to a seamless checkout process but all facets of a buyer’s journey, including product education, research and comparison, and easily navigable after-sales support. Digitalisation and the Importance of Technology. Re-engineer your supply chain to boost resilience.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain 245

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

IQMS

JUNE 9, 2023

When we think about the critical requirements for a manufacturer to succeed, productivity, quality, and inventory management immediately jump to mind. For example, the comparison of a new order to available inventory may lead to a request for an expedited purchase of materials. Design-Through-Manufacturing Efficiencies.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Material Savings Supply Chain Planning Software 52

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. What is procure-to-pay? a driverless car). a driverless car).

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Cathy Roberson

MARCH 17, 2025

Consumers have embraced e-commerce for price comparisons, ease of purchase anytime and anywhere, and for those participating in subscription services such as Amazon Prime, free shipping, and other benefits. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Supply Chain Network Software Freight Purchasing Skills 64