GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. We hope these posts keep you on top of your game and informed. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Unleashed

APRIL 21, 2024

The customer’s information and payment are verified for accuracy. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. A sales order is a legally binding agreement that signifies the acceptance of the purchase conditions by both parties.

Inventory Management Software 52

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

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. The questions that are most often asked are: What metrics should I use? How is it possible?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Unleashed

MAY 9, 2024

It measures the effectiveness of the production process in minimising waste, reducing costs, and maximising output with the available resources. Efficiency focuses on improving metrics like machine uptime, cycle time , defect rates, and utilisation of labour and equipment.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. How do we get buy-in around the organization?

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

GlobalTranz

SEPTEMBER 23, 2021

Increasing fuel costs also play into the available capacity woes.? ? Energy Information Agency , U.S. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

GlobalTranz

MAY 18, 2018

Meanwhile, more companies are turning to entities outside of the company, like third-party logistics or integrators (3PLs and 3PIs) to manage omnichannel supply chains , reports Maarten Baltussen of Supply Chain Digital. This information should be clean as well. If only online shopping is used, shipping options may include B or D.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

Logistics Bureau

APRIL 4, 2022

However, while it sounds simple in theory, it’s not so straightforward in practice, primarily because it can be challenging to access reliable freight rate information. There are several advantages to understanding your freight costs compared to the market generally. The Pros and Cons of Procuring a Benchmarking Tool.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure. Cost Reduction is another major goal.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. I use a method I call managing for daily improvement or MDI. How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Industry Week, March, 2016).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Arena Solutions

OCTOBER 12, 2023

Internal audits expose your strengths and weaknesses Internal quality audits can be an essential component of a manufacturer’s quality strategy because they can spot possible problems, put remedial measures in place, and work toward continuous improvement. Everything’s connected—your engineering, manufacturing, and quality teams.

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

crisp

SEPTEMBER 6, 2023

The article demystifies the complexities of scope 3 emissions reporting, offering key tips to stay ahead of regulatory changes and satisfy stakeholder demands. Until recently, reporting scope 3 emissions – which include indirect sources that organizations contribute to – has been optional. In 2010, the U.S. What are scope 3 emissions?

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. This iterative approach allows businesses to continuously improve their inventory management processes, leading to measurable success over time. Activate: Initiate a frame contract with the supplier.

Inventory Reduction 80

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 80

GlobalTranz

DECEMBER 29, 2014

It is evident, the two most popular themes around logistics in 2014 based on these page views have to deal with Reverse Logistics , e-commerce , and information around the warehouse. We continue to get inspired by our guest bloggers and those who respond to our content in social media. Read the Full Post. Download the Webinar Replay.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Unleashed

FEBRUARY 21, 2024

If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. Customer communication As a customer’s return progresses through your returns management process, it’s important to keep them informed of its status.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

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. In the last five years the Supply Chain Operating Network technologies evolved canonical data structures to enable communication in a many-to-many data model.

Supply Chain Network Software 150

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

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

NOVEMBER 23, 2020

Ipsen purchased the RapidResponse supply chain planning product from Kinaxis. These finished goods were composed of the drug and the specific regulatory information different nations required on the packages and in the inserts. They are using a similar continuous improvement, pyramid approach around stockouts.

Supply and Demand 193

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 193

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. The goal of manufacturing inventory management is to balance the supply and demand of products and minimise manufacturing costs and waste. For this reason, food manufacturers in particular run a high risk of spoilage and waste.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Unleashed

APRIL 6, 2022

The results of this analysis are represented on a value stream map, which allows the steps to be visualised and means the entire process can be easily shown in reports and other visual mediums. Part of this means ensuring employees are well informed, with information made readily available to them through the likes of a kanban board.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

The Logistics of Logistics

APRIL 6, 2013

Some general sections to be included in the SLA/KPI: If it is a Logistics provider SLA/KPI the sections should basically include: Information Technology (IT) Requirements: should be very detailed. Cost Reduction agreements over time. Continuous Improvement Initiatives. Service Level Agreement Sections. Turnaround time.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Negotiating Skills KPI Purchasing Skills 100

Talking Logistics

MARCH 28, 2017

Here are the four key foundational components of the digital yard, and what each looks like in action: Use software to eliminate islands of information. And speaking of data, it’s no secret that most of it resides in silos of information right now. Utilize automated technologies to locate and track inventory.

Supply Chain Software 0

Supply Chain Software Logistics Network Optimization Software Demand Planning Software Procurement Solutions 0

ThroughPut

NOVEMBER 12, 2020

However the current situation shows certain weaknesses in warehousing practices being followed: Lack of a strong technology focus for efficiency and quality improvement Absence of valid methodologies to identify the root causes of bad performance in a structured approach. Lean warehousing. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 77

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 77

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Supply Chain Shaman

FEBRUARY 16, 2016

One of my clients waits four days for a custom report. As a result, analytics are usually based on historic data with outputs having a one- or two-day lag. As shown in Figure 1, while the initial focus is on analytics, in the next ten years digital processes will develop based on a confluence of technologies. Digital sourcing?

Supply Chain Design Software 150

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

TrackVia

AUGUST 17, 2023

Because there is so much information to delve into here, we want to make this a bit easier to digest. The inventory should capture essential information such as asset type, location, acquisition date, maintenance history, and depreciation status. This information aids in decision-making and strategic planning.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

Unleashed

JANUARY 31, 2023

Therefore, information about customer demand must be available through the supply chain for this system to properly work. Strive for continuous improvement Finally, lean logistics is not a stagnant or one-off process. There are opportunities to improve efficiency throughout the entire supply chain process.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Kinaxis

DECEMBER 3, 2014

Reason #8 Keeping supply chain information in silos. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Imagine that your child brings home their report card and it’s a mix of good and fair grades. Why do companies focus on reducing a specific metric? Sound ridiculous?

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

RFgen

JUNE 20, 2013

. “Indirect taxes impact a variety of corporate functions including finance, tax, legal, logistics, supply chain, real estate and operations; so communication and dissemination of information is vital,” Subramaniam wrote. Important Supply Chain Metrics. Granular metrics for high-cost supplies.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Optimization Software Price Mitigation Strategies 52

RFgen

JUNE 20, 2013

. “Indirect taxes impact a variety of corporate functions including finance, tax, legal, logistics, supply chain, real estate and operations; so communication and dissemination of information is vital,” Subramaniam wrote. Important Supply Chain Metrics. Granular metrics for high-cost supplies.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Optimization Software Price Mitigation Strategies 52