SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Risk Management: By understanding potential risks, procurement can develop contingency plans to ensure a continuous supply of materials.

S&OP 97

S&OP Optimal Sourcing Supply and Demand Material Savings 97

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Manufacturing Procurement Sourcing Strategies 52

SCMDOJO

FEBRUARY 19, 2024

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.).

Six Sigma 98

Six Sigma Optimal Sourcing Continuous Improvement Agile and Lean Supply Chain 98

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. Now, we must ensure cars continuously run on clean and safe roads.

Supply Chain Software 325

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 325

Logistics Viewpoints

MAY 13, 2025

At the same time, companies have been forced to pull forward inventory purchases, creating a squeeze where carrying costs are up while cash flow is tight. Until a trailer is unloaded and the warehouse records that inventory, it’s not reflected in the companys warehouse management systems.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 105

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 136

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 136

RFgen

DECEMBER 19, 2024

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. Operational Efficiency: See an improvement in order processing speed, enhanced inventory accuracy , and smoother picking and packing processes.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Modeling 97

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

APRIL 14, 2022

Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. In a disruptive environment, these issues are further amplified, affecting resiliency. Alex Zhong is Director of Product Marketing at GEP.

Supply Chain Planning Software 284

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 284

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. What is the role of inventory? Current planning taxonomies do not plan across make, source, and deliver answers bi-directionally.

Supply Chain Planning Software 365

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 365

Supply Chain Shaman

APRIL 16, 2014

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. An Orbit Chart of Customer Service (Case Fill) Versus Inventory Turns.

Supply Chain Design Software 298

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 298

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 120

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. For some customers, they manage the inventory using a vendor managed inventory program. But even multi-sourcing is not enough.

Supply Chain Transformation 261

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 261

Supply Chain Shaman

NOVEMBER 10, 2013

The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The use of this continuous improvement process had a significant major impact on the bias and error of leaders. I do not see the same results from the multitier inventory projects.

Supply and Demand 252

Supply and Demand Forecasting Forecasting Software Modeling Software 252

Logistics Viewpoints

JULY 31, 2023

This multinational operates 280 factories and 500 warehouses, that source raw materials from 52,000 suppliers in over 150 countries, processes 25 million customer orders annually, that are then shipped to customers in over 190 nations. This is a culture of continuous improvement writ large.

Inventory Reduction 241

Inventory Reduction Supply Chain Planning Software North America Material Savings 241

ThroughPut

MAY 23, 2025

Leveraging powerful tools like Inventory Management Software , todays COOs gain real-time visibility, streamline operations, and make faster, smarter decisions that keep their businesses ahead of constant change. Foster continuous improvement and innovation across teams and processes.

Inventory Management Software 52

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

SCMDOJO

DECEMBER 29, 2024

Moreover, this course offers a comprehensive overview of production and operations management concepts that covers: Process Improvement Quality Control Inventory Management. It covers KPI selection, data analysis, and performance improvement strategies. However, another fantastic thing about this course is that it is FREE.

Optimal Sourcing 98

Optimal Sourcing Course Negotiating Skills Purchasing Skills 98

USC Consulting Group

JUNE 3, 2025

Its principles — such as continuous improvement, process optimization, and employee engagement — help organizations adapt to changing market demands. For instance, companies that implement Lean practices can respond swiftly to customer needs, reduce lead times, and improve product quality.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Lean 52

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Logistics Viewpoints

MAY 26, 2022

There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization. Achieving this objective can be complex and challenging, demanding the collection, consolidation, and standardization of data from diverse sources, as well as the ability to analyze and visualize in real time.

Logistics Network Optimization Software 338

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Modeling 338

GlobalTranz

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Understand Data Integrity to Reduce Inventory Costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain Shaman

DECEMBER 17, 2018

Nick strongly believes that it is insufficient to drive supply chain improvement through incrementalism. It is just not enough to do a software upgrade or slowly push continuous improvement projects. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015.

Demand Planning Software 322

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 322

Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 192

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 192

Logistics Viewpoints

APRIL 25, 2024

So, the parking spots are getting more and more occupied with drop trailers, meaning lot capacity shrinks while finding the trailer with the highest-priority inventory becomes even harder. Problem number three: appointment scheduling is a mess. For various reasons, many drivers show up unexpectedly and at the same time.

Expense Reduction 312

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 312

GlobalTranz

AUGUST 25, 2017

They go over plans and analyze how they will affect inventories and distribution systems. They are in charge of making sure that any inventory shipping in and out of the department is handled with care and delivered in a timely fashion without unforeseen budgetary expenditures. Inventory Managers. Transportation Manager.

Material Savings 102

Material Savings Transportation Inventory Reduction Optimal Sourcing 102

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

ToolsGroup

MAY 24, 2016

That’s necessary for continuous improvement and operational excellence. Gartner research director Jennifer Loveland calls it end-to-end segmentation, where you determine first what your customers want, then create end-to-end models—from sales through sourcing, delivery, and customer service—to serve them.

Supply Chain Segmentation 159

Supply Chain Segmentation Optimal Sourcing Gartner Supply Chain Optimization 159

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logility

MAY 3, 2022

Source: Logility, 2022. The solution checks against available stock plus capacity, material availability, alternate sourcing scenarios, and other constraints as needed. Source: Logility, 2022. Here are some key advantages of an automated order promising solution: Improved customer satisfaction. Time and cost savings.

Supply Chain Planning Software 182

Supply Chain Planning Software Optimal Sourcing Forecasting Software Demand Planning Software 182

RFgen

DECEMBER 19, 2024

Material Flow: Optimize material flow patterns to accommodate increased volume without creating bottlenecks or excessive inventory. Consider the following: Existing Stock Keeping Units (SKUs): Manufacturing companies should analyze their current inventory levels and how they align with anticipated demand.

Material Savings 92

Material Savings Resource Reduction Sourcing Strategies Inventory Reduction 92

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process. This was a bold and risky move.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 243

ToolsGroup

JULY 10, 2018

Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders. Second, it can be a continuously improving process, where planning outcomes are regularly assessed and used to fine-tune the next cycle using tools such as Forecast Value Add (FVA). Demand Planning.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

Talking Logistics

NOVEMBER 19, 2014

When you look at the potential benefits in inventory savings, freight savings, and on-time fulfillment improvements, it’s not that difficult to build the business case. This lead to high inventory carrying costs at some stores and out-of-stocks at others. So, what’s been the problem? A key constraint has been speed.

Case Study 189

Case Study Study Optimal Sourcing Supply Chain Planning Software 189

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Inventory Reduction Waste Reduction 120

Precoro

DECEMBER 24, 2024

Unlike traditional tools that often operate in isolation or rely on rigid workflows, AI connects the dots between disparate data sources, providing a more comprehensive view of procurement activities. AI in procurement use cases : Analyzing data from multiple sources to predict demand trends with greater accuracy.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105