Remove Continuous Improvement Remove Eliminating Excel in Purchasing Remove Food Remove Procurement Solutions
article thumbnail

MRO Inventory: What It Is & The 10 Best Practices to Manage It

Unleashed

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

article thumbnail

Navigating the Future: How Advanced Supply Chain Analytics is Transforming the Industry

ThroughPut

Advanced Supply Chain Analytical Tools: Employing sophisticated analytical tools is essential for extracting meaningful insights from complex data sets. Real-World Examples of Advanced Supply Chain Analytics According to Gartner, by 2024, 50% of supply chain companies will have adopted software with advanced analytics capabilities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Frictionless P2P: A Dream or Reality? 

ivalua

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Maverick buying . Over, early, and late payments .

article thumbnail

Reverse Logistics: What is it, and Why is it So Important?

Unleashed

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. How can smart software assist your reverse logistics programme? It is becoming more common for food & beverage companies, for instance, to collect, clean and reuse boxes, bottles and barrels.

article thumbnail

Seeing Beyond the Firewall

Supply Chain Shaman

Process industry leaders–chemical, consumer packaged goods, food/beverage–have greater issues using data, with software usability, and building effective connections to align and build effective relationships with trading partners. The processes are largely batch, using data with great latency (orders and purchase orders).

article thumbnail

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

GlobalTranz

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. “The net true cost considers issues such as waste-to-landfill, greenhouse gas emissions, economic mobility, worker safety and food safety. million employees without a focus on good supply chain management.

Gartner 120
article thumbnail

How AI Helps Build the Supply Chain that Thinks for Itself

Logistics Bureau

It costs money to put solid AI and lights-out solutions in place. New technology can sometimes be a solution looking for problem. Tools in the AI Toolbox. We can put AI tools into three categories. Tools to make smart decisions. Tools to make smart decisions. This AI tool is based on data and rules.