The Logistics & Supply Chain Management Society

JULY 20, 2020

Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Leadership in Supply Chain. fashion, automotive, spare parts, airlines).

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. What is Supply Chain Analytics? In the early 2000s, companies began embracing ERP systems to analyze supply chain performance.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Taulia

OCTOBER 20, 2021

Global supply chains are more complex than ever. At the same time, companies are paying more attention to the importance of ESG and sustainability objectives in supply chain management, and the role that automation and efficiency can play in minimizing the need for time and resource intensive processes.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

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. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

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

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. By building an excellent Supplier Management Process, a successful company can mitigate those risks and ensure that their supply chain is undisrupted and meets the KPI's.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Unleashed

MARCH 26, 2023

In this article, we break down native Xero inventory management and compare it with using an integrated Xero inventory software system. Free trial: Try Unleashed + Xero Inventory Management Software completely free for 14 days. Do you need integrated Xero inventory software? Xero is an incredibly versatile tool.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

Unleashed

JANUARY 10, 2023

Supply chain planning is the key to coming out on top. Optimising your supply chain processes will give your business the best chance at thriving in a competitive landscape. In this supply chain planning guide: What is supply chain planning? And it all starts here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

QAD

NOVEMBER 8, 2022

The medical device supply chain is constantly in need of resiliency. Supply chain challenges faced by manufacturers of delayed deliveries and stockouts take on additional urgency in the medical device arena, where patient well-being depends heavily on timely and accurate delivery. Expanding Supplier Relationships.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. What Is Prescriptive Analytics in Supply Chain? How Prescriptive Analytics Has Been Driving Value In Supply Chain Optimization?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logility

MAY 27, 2020

A solid supplier scorecarding program can drive big cost savings in the supply chain. Executives know that clear performance metrics are the starting point for supplier management. Yet many companies find data management and sharing a roadblock. Set a high bar for data relevance.

Analytics Software 130

Analytics Software Predictive Analytics Software Supply Chain Planning Software Optimization Software 130

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

ivalua

NOVEMBER 25, 2020

When Covid-19 hit, supply chains across the globe nearly came to a halt. Procurement’s value became evident, as did the importance of the supplier relationships they had built. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.

Cost Reduction Strategies 100

Cost Reduction Strategies Supplier Management Negotiating Skills Sourcing Strategies 100

EC Sourcing Group

MAY 17, 2023

Accurate classification of products, services, and suppliers forms the foundation for improved decision-making, cost optimization, and enhanced supply chain management. In this blog post, we’ll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

Silvon Software

MARCH 3, 2023

Key to that is understanding what you should measure to assess your S&OP effectiveness, where to set your Key Performance Indicators (KPIs) and the most optimal methods you should use to analyze your data to improve performance. Delivery metrics can vary in terminologies, measurement methods, and variables from one company to the next.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Supply Chain Matters

FEBRUARY 27, 2024

Electric vehicle start-ups Rivian Automotive and Lucid Group having reported Q4 and 2023 full year financial and operational performance, continue to show signs of supply chain and production challenges. In March of 2023, Supply Chain Matters highlighted a report indicating a manufacturing reorganization with Rivian.

Supply Chain Design Software 52

Supply Chain Design Software Expense Reduction Price Reduction Supply Chain Strategy 52

Unleashed

DECEMBER 10, 2023

OMS and ERP systems both automate your workflows, collect and analyse data, and can be integrated with other business applications. So, when it comes to investing in supply chain software, how do you know which solution is best for you? This article breaks down the key differences between OMS vs ERP.

Inventory Management Software 52

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

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

QAD

FEBRUARY 7, 2023

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. Data forms a vital component to the management of these relationships, as Richard clarifies, “The key thing with data is, there’s a cycle.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

QAD

OCTOBER 18, 2022

The COVID-19 pandemic, the 2021 Suez Canal obstruction, natural disasters, wars, scarcity of semiconductors, the energy crisis in Europe…are all examples showcasing the need to better manage and monitor your supplier base. Addressing Supplier Risks and Challenges Head-on. Consumers Want to Buy from CSR Compliant Companies.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

Supply Chain Matters

FEBRUARY 17, 2023

In this Supply Chain Matters editorial commentary this Editor dwells on data relative to U.S. corporations having actually accelerated stock buyback efforts contrasted to ongoing investment needs for supply chain transformation focused on added agility, more improved resilience and augmented technology support.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

SCMDOJO

FEBRUARY 29, 2024

Supplier performance management provides detailed information about the risks your suppliers may have, so you can take action to reduce or eliminate risks in your supply chain. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ivalua

AUGUST 16, 2021

They are integral partners that require management to reduce supplier risk, improve supplier performance, and foster supplier collaboration across the entire supply chain and throughout the complete supplier lifecycle. . Objectives for Supplier Risk and Performance Management.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Talking Logistics

DECEMBER 4, 2017

I also learned that there are a lot of similarities between the Heavy Building Materials supply chain and the Domino’s Pizza supply chain. So, what are some of the data challenges the industry faces? Cement is one of the raw materials that goes into making concrete, which is the finished product.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

Supply Chain Shaman

JUNE 6, 2013

Yesterday, I finished a post on supply chain planning maturity. A client had asked me, “How do I know if we have a mature supply chain planning organization?” Excellence in supply chain planning is a cultural shift. It must be managed as a system. Reacting is rewarded and planning is not.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

EC Sourcing Group

MARCH 12, 2023

If you want to streamline your supplier evaluation process, increase supply chain efficiency, and reduce costs, building an ideal supplier scorecard is crucial. The supplier is a third-party vendor that provides goods, materials, and services to your organization.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. Data forms a vital component to the management of these relationships, as Richard clarifies, “The key thing with data is, there’s a cycle.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

QAD

AUGUST 26, 2021

Because manufacturers are constantly pressured to increase productivity, deliver quality products, delight customers and achieve greater profitability and sustainability, they are turning to new technologies such as artificial intelligence. No technology advancement occurs unscathed. Data Readiness.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

QAD

JUNE 8, 2023

But there are still some skeptics out there who look at the changes ESG would require in areas such as product design, supply chain strategy, transportation methods, material and resource consumption, and employee training — and resist transformation. This simultaneously decreases costs and carbon footprint per unit.

Waste Reduction 88

Waste Reduction Material Savings Resource Reduction Price Reduction 88

ivalua

FEBRUARY 24, 2021

However, could this interruption by your supplier be turned into an automation opportunity. Recent data from the Hackett Group reveals that AP teams that provide self-service capabilities to suppliers can achieve Superhero status by reducing inquiries by 49% and saving 50% on master data management costs.

Cost Reduction Strategies 130

Cost Reduction Strategies Resource Reduction Negotiating Skills Optimal Sourcing 130

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. We combine the latest technology with a team of expert analysts and a well-refined methodology that simplifies the process.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

SCMDOJO

MARCH 8, 2024

Vendor Managed Inventory (VMI): VMI is a collaborative approach where suppliers manage inventory levels for their customers. Suppliers monitor stock levels and replenish inventory automatically, based on agreed-upon criteria such as sales data or predefined inventory levels.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. As supply chains become more complex there is a greater need to cultivate clear, measurable ways to evaluate every supplier. Optimises performance. Reduces costs.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

QAD

OCTOBER 24, 2023

Numerous forces drive your organization’s need for visibility across supplier activities. Global demand and supply chain networks naturally include distance, cultural, time-zone, tariff, geopolitical and other types of challenges when working with suppliers.

Supplier Management 94

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

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. However, software firms, insurance companies, and brokerage businesses have a negative cash conversion cycle because they realize sales without heavily relying on inventory.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

HICX Solutions

JANUARY 27, 2023

Supplier Lifecycle Management is a holistic process of managing external suppliers and their associated data in an organized, efficient, and integrated manner for the duration of the end-to-end relationship and beyond. The organization can also hone in on particular stages of supply to assess effectiveness.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Procurement Solutions 52