Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. The topic of the meeting was the logistics to launch of the AMR Research Top 25. In Figure 1, I show the depiction of a model from this work. Figure 1.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

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

Supply Chain Shaman

NOVEMBER 11, 2020

They are impatient that they know more about pizza’s status for lunch before their zoom meeting than the inbound shipment status for their critical manufacturing run. Job satisfaction wanes as the days filled with an endless cycle of meetings, with many not useful. Kinaxis Purchase of Rubikloud. The Market Response.

Supply Chain Design Software 297

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 297

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

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. 83% of consumers with a household income of over $100,000 report that returns are important.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Logility

APRIL 2, 2020

More advanced ones can structure and clean the data before dumping it into a format for reporting. 3 Get the metrics right. However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Supplier metrics should be captured about monthly.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

EC Sourcing Group

MARCH 12, 2023

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Management and Analytics

DECEMBER 9, 2020

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. Simply put, the RFI/RFQ/RFP process does not fit with the realities of the SaaS business model.

Supply Chain Design Software 52

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

Locus

OCTOBER 21, 2022

rise in comparison to September 2021. To provide consumer experiences for your online shoppers after they make their purchases, click here. From the moment the order is placed till it reaches the customer’s doorstep, Locus’ DMP tracks on-time performance, distance, cost and other business insights. billion, which was an 8.2%

Demand Planning Software 52

Demand Planning Software Supply and Demand Retail Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

The answer is yes, there is a difference between the two although trivial in comparison. The core departments included in SIOP are sales, demand planning, supply planning, purchasing, marketing, finance and lastly and most importantly, executive leadership.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. We call this AI-powered ability to predict near-term demand as demand sensing.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. She explains, “There are signs that shoppers may be running out of gas.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

OCTOBER 8, 2019

The budget is for a fiscal year with quarter reporting and updates. Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. The direct connection between the two processes increases costs and increases error.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. In today's competitive and fast-paced world, it’s essential to build good relationships with your partners to stay flexible and meet the market’s requirements. Vendor management is focused on getting the most value from acceptable costs.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

OCTOBER 29, 2014

The meeting is on everyone’s calendar. There is an abundance of pastries flowing from the basket, and the stage is set for an impactful meeting. Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet.

Supply Chain Planning Software 309

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 309

Supply Chain Shaman

JUNE 14, 2018

PFEP optimizes the policies that define how to procure each part. PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar. Cross Site Analytics. MRP logic is a transactional planning tool for procurement. Shortage Management.

Optimal Sourcing 169

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

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Container Import Volume Year-over-Year Comparison. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S. Somewhat nailed it.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

GlobalTranz

SEPTEMBER 26, 2018

Customers’ Expectations Are Increasing The value of today’s consumers is measured in how well companies can meet customers’ needs and offer something their competitors do not. Comparison of freight costs for multiple carriers is key to managing freight spend and selecting less-than-truckload versus parcel shipping options.

Shipping 168

Shipping Cost Reduction Strategies Expense Reduction Resource Reduction 168

Supply Chain Matters

OCTOBER 20, 2023

Electric automaker Tesla reported Q3-2023 financial performance this week and to state the obvious, the results were not well received by investors. They further added to growing concerns that consumers have moderated on their desires to purchase an all-electric vehicle. percent operating margin in the latest quarter.

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

Vinculum

JULY 6, 2021

In the era of IoT, retail businesses are tenderly using online platforms to push up sales and meet hefty customer expectations. The importance of free returns is highlighted in various reports by giant business retailers. Allowing customers to return products through a variety of routes is also a part of business marketing models.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. The Supply Chain team must always meet the demands and pressures that the organization demands.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Requis

JANUARY 15, 2021

It’s been invisible because, in supply chain, procurement is sexy. Poor old asset management sounds unheroic by comparison. The fundamental vision behind Requis was to create the ultimate asset management life cycle platform, connecting all supply chain functions, and enabling businesses to procure, manage, and sell assets online.

Asset Management 52

Asset Management Analytics Software Procurement Analytics Demand Planning Software 52

Enterra Insights

MAY 31, 2019

To meet changing consumer behavior, retailers are finding omnichannel strategies essential. Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] “Customize services to meet customer needs.

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

Supply Chain Matters

SEPTEMBER 3, 2022

In our summary and perspectives focused on July 2022 reporting , we opined that July data reinforced a trending toward declining global supply chain production momentum. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. The two recognized PMI reports for U.S. Global Wide Production Activity.

Manufacturing Procurement 59

Manufacturing Procurement South Korea Manufacturing Global 59

Unleashed

MAY 4, 2022

Purchases can be made while on the move, on impulse and in response to a particular need at that time. This will evolve as eCommerce technology does and the purchasing experience becomes more sophisticated and user-friendly. Costs are reduced with eCommerce Ecommerce stores are far more cost-effective than physical stores.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. parts per million, in comparison to the 1960 levels of 316.91 Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. Circular supply chains are supported, and end-of-life scenarios are predicted. parts per million.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Precoro

MAY 8, 2023

With over 1,000 students, the school purchases a lot of supplies for students as well as office supplies for the administration. We had the chance to discuss the school's initial approach to procurement compared to its new, automated process using software with Caroline Hickey, Business Associate at CCPCS.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Price Reduction Vendor Strategies 52

OptiProERP

JUNE 4, 2021

A survey from the Institute for Supply Management shows almost 75% of organizations reported supply disruptions, and 16% of those companies have adjusted their revenue downwards. . It’s essential to create a core team that will drive the ERP comparison, selection, and implementation process. ERP demo comparison and detailed evaluation.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Analytics Software 52

Enterra Insights

JUNE 18, 2021

Journalists from Politico report efforts by some European Union (EU) countries are making business executives much more concerned about what’s going on in their global supply chains. Of course, if you are going to hold suppliers accountable, they need to know the standards they are expected to meet. ”[3].

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 130

GlobalTranz

FEBRUARY 25, 2016

Let's take a look at some of the key considerations for the circular supply chain and how supply chain entities are stepping up to meet these demands. For example, the jet engines made by Rolls-Royce for British Airways, as explained by source Christian Lanng , are not purchased but leased. Driving Forces of the Circular Supply Chain.

Supply Chain Software 120

Supply Chain Software Supply Chain Strategy Supply Chain Supply and Demand 120