The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

With the above information on hand, the procurement team can proceed with Scope Definition to clearly define the transportation services required. Freight Procurement The actual Freight Procurement Stage is the heart of the transportation service sourcing process for shippers. Obtain the necessary signatures to finalize the contract.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

JUNE 15, 2018

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Most companies, along with consultants, feel that they know the definition of supply chain excellence. When I started, I believed that all Titans were making progress towards improvement on the balanced scorecard.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Xeeva

FEBRUARY 13, 2020

Before explaining how to stop it however, it is important to define what it is – and why traditional definitions may not be enough. Read on or watch the short clip below to learn about some common definitions of spend leakage from our Chief Strategy Officer, Steve Griffiths, and our VP of Automotive Practice, Amarish Kapadia! .

Optimal Sourcing 65

Optimal Sourcing Waste Reduction Sourcing Strategies Price Reduction 65

Supply Chain Shaman

MARCH 28, 2016

While companies want to improve supply chain performance and drive value, it is easier said than done. ” The journey for value requires a clear definition and analysis of what is possible. Typically, it is a lack of common definition on what defines supply chain excellence. The reason? Organizational structure matters.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logility

FEBRUARY 18, 2020

As a result, we need to agree on some definitions before focusing on the supply chain space. Artificial Intelligence has many useful applications in the supply chain, including: Data analysis and insight creates actionable business intelligence that drives continual improvement. Exhibit A: AI-powered yoga pants.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply and Demand 182

Supply Chain Shaman

AUGUST 14, 2016

Starting With Definitions. To help, I wrote a few definitions on the board: Demand-Driven Processes. In 2012 I built on these concepts to define the market-driven value network. The definition: an adaptive network focused on a well-defined value-based outcomes. Definition of Outside-In Processes. The Building Blocks.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

JUNE 9, 2016

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. As shown in Figure 2, buyers and suppliers push continuous improvement, and Kaizen events, in supplier development programs over B2B programs.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Supply Chain Shaman

APRIL 16, 2014

They have a goal to be agile and aligned; however, their continuous improvement processes are making steady improvement on an efficient supply chain model that is anything but agile or aligned. How can you drive innovation if you hamstring yourself to only take a step to try a project with a definitive ROI?

Supply Chain Design Software 279

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 279

Supply Chain Shaman

MAY 21, 2013

The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). The focus has been on sourcing and managed costs. By and large, they struggle to gain cross-functional alignment on process redesign to improve outcomes.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Supply Chain Shaman

NOVEMBER 21, 2018

The industry does not have a definition. If the carrier does not accept the freight, the manufacturer loses time in moving the freight and is often forced to go to the open market to source freight. Instead, these measurements should be plotted along with these seven parameters of planning to drive continuous improvement.

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. It does, however, provide information for making informed decisions when sourcing suppliers or evaluating bids.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Arkieva

AUGUST 8, 2016

Source: Commerce Dept. Source: SupplyChainDigest. Let’s start with a definition. I find five common definitions: Tight Integration of Transactional and Planning Data. Companies with a deep focus on Sales and Operations Planning (S&OP) will often default to this definition.”. Source: Supply Chain Shaman.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Enterra Insights

SEPTEMBER 28, 2023

The simplest definition of a digital enterprise is one that upgrades its business processes by leveraging data to optimize and automate them. That definition, however, focuses heavily on the technology side of digital transformation. 3) Cost savings and improved efficiency. Cognitive computing systems make context computable.

Optimal Sourcing 236

Optimal Sourcing Optimization Software Predictive Analytics Software Analytics Software 236

Supply Chain Shaman

APRIL 7, 2016

In this post my goal is to help companies build outside-in processes through a clearer definition. This outside-in orientation needs a definition to make it actionable. Insights on leadership, continuous improvement and talent development for emerging markets. Reflection. Let’s start with the basics. Outside-In Processes.

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Supply Chain Shaman

JUNE 21, 2016

In the traditional supply chain world, the processes of sell, deliver, make, source, and plan are separate and distinct. By definition, the silos struggle to align. Effective design of horizontal processes reduces silo friction and improves organizational cross-functional alignment. Definition of Horizontal Processes.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Network Design Software Modeling 161

GlobalTranz

OCTOBER 19, 2018

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, look to companies with a history of continuous improvements, such as Cerasis and CargoX. Encourage supply chain partners to adopt the same blockchain-based systems.

Logistics Network Optimization Software 211

Logistics Network Optimization Software Demand Planning Software Supply Chain Software Material Savings 211

Supply Chain Shaman

FEBRUARY 16, 2016

This is a very different definition than the traditional supply chain practices that are often touted as “best practices.” Historically, supply chain processes were functional focused on make, source and deliver. Many of my clients save 5-10% of funds from their continuous improvement projects and self-fund their efforts.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Software Supply and Demand Supply Chain Design 150

Supply Chain Trend

SEPTEMBER 4, 2023

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. Narrow Framing : poor framing is the most common and value destructive source of decision failures, with narrow framing the most problematic frame trap. Intelligent automation will change this.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Supply Chain Software 78

Supply Chain Trend

AUGUST 31, 2023

Preview – Most IBP cycles around the world are based on a 20-year-old process definition supported by 20-year-old planning concepts. Narrow Framing : poor framing is the most common and value destructive source of decision failures, with narrow framing the most problematic frame trap. Intelligent automation will change this.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Modeling Software 78

Enterra Insights

JUNE 21, 2021

While definitely better than value extraction, value exchange still falls short because the parties’ focus is to optimize within their own four walls.” 4] Robinson adds, “Disparate data sources and divergent systems are frequently identified as causes of siloed behavior in the supply chain.

Modeling 130

Modeling Scenario Planning Optimal Sourcing Modeling Software 130

Supply Chain Shaman

MARCH 3, 2018

On Wednesday morning, when I finished speaking at the Foundation for Strategic Sourcing in Fort Lauderdale, an executive from J&J pulled me aside and said, “Our strengths, are now our vulnerabilities.” ” He continued, “Great mass marketing used be our differentiator, but now the barriers to entry have changed.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

SupplyShift

FEBRUARY 1, 2020

Suppliers must manage demands for data from multiple sources, both internal and external. When everyone is speaking the same language, it lessens the effort required to engage and heightens the chance that suppliers have bandwidth to work with you on actually improving sustainability performance.

Supply Chain Planning Software 52

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

Talking Logistics

JULY 27, 2015

Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. — Supply Chain Visibility.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available. What is order processing?

Inventory Management Software 52

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

SupplyShift

FEBRUARY 1, 2020

Suppliers must manage demands for data from multiple sources, both internal and external. When everyone is speaking the same language, it lessens the effort required to engage and heightens the chance that suppliers have bandwidth to work with you on actually improving sustainability performance.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 40

Supply Chain Shaman

MARCH 15, 2016

Is it a coincidence that process industry leaders have standardized on SAP and blindly followed the SAP IT-centric definition of supply chain automation without holding SAP accountable to build effective supply chain solutions for the extended value network? I will let you draw your own conclusions. Outside-in Processes.

Supply Chain Software 150

Supply Chain Software Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 150

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

GlobalTranz

JANUARY 7, 2016

The ‘ole “garbage in; garbage out” (GIGO) adage definitely applies here. Purchasing was tasked with Cost Reduction, Sourcing and Purchase Orders. Obviously accuracy of the BOM and Inventory are critical, and the goal should be 100% daily. Schwinn : All of this was done manually, by hand, responsibility: the Inventory Manager.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

SCMDOJO

NOVEMBER 24, 2023

Moreover, a safe warehouse reduces downtime due to accidents, resulting in improved efficiency and higher customer satisfaction. Read more on Warehouse Automation: Definition, Benefits and Issues at our website SCMDOJO. Encourage a culture of accountability and continuous improvement.

Warehousing 63

Warehousing Optimal Sourcing Material Savings Inventory Reduction 63

KEPLER Consulting

MARCH 23, 2018

Utilize benchmarking to identify gaps across BU/Regions and optimized sourcing strategies. Improve Sourcing Strategies through optimized supplier allocation per cluster. Drive continuous improvement through a robust cost model, increased skills, and improved cross-functional collaboration. Advantages.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

ThroughPut

MARCH 25, 2024

Let’s get started with definitions, differences and benefits. The latest demand forecasting software goes beyond traditional analytics by incorporating AI to learn and continuously improve over time. To address these challenges, supply chain professionals must adopt advanced forecasting methods. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 25, 2016

High-velocity or streaming data requires different architectures built on non-relational, cloud-based architectures using open source tools like Apache Spark. Stuck with inputs from the traditional processes of collaborative forecasting, and traditional definitions of demand planning, demand error and bias are high. source Moody’s).

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain Trend

DECEMBER 22, 2023

Introducing Intelligent IBP Let’s start with a definition. This definition should become clear once you go through the principles. The launch of a Decision Intelligence (DI) definition by Gartner later in 2022 further cemented my believe that this new discipline will become mainstream.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

CH Robinson Transportfolio

JULY 8, 2021

With the continued growth of ecommerce and heightened consumer expectations, fast delivery options, tracking notifications, and shipping costs have become a key driver in customer satisfaction. Looking for help applying these and other continuous improvement efforts to your parcel supply chain? Connect with an expert today.

Cost Reduction Strategies 44

Cost Reduction Strategies Sourcing Strategies Meeting Freight 44

ivalua

DECEMBER 6, 2022

Guiding buying functionality definitely helps in selecting the right channel, but it still maturing. Again, compliance monitoring is key to changing behavior and improving adoption levels. Ivalua, Coupa, SAP Ariba, Jaggaer) provides solid functionality to properly manage the end-to-end Source to Pay process.

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

Supply Chain View from the Field

JULY 17, 2015

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. In fact, the subtitle for the book, “Power Positioning Tools for Category Management and Strategic Sourcing” gives it all away. A good example of this type of relationship would be……what exactly?

Optimal Sourcing 60

Optimal Sourcing Sourcing Strategies Negotiating Skills Sourcing 60

BlueYonder

MAY 27, 2014

Breaking this definition down implies retailers now need to understand their customers better than ever. To do this well, retailers need to evolve quickly to optimize every aspect of customer interaction – space & category management, merchandise planning, pricing, supply chain planning, sourcing, fulfillment and in-store processes.

Optimal Sourcing 67

Optimal Sourcing Retail Modeling Forecasting 67