Logistics Viewpoints

JANUARY 26, 2021

While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. The definition of agility and resilience will continue to evolve. Natural disasters. Geopolitical events. Tariffs and trade regulations.

Agile and Lean Supply Chain 268

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 268

Precoro

FEBRUARY 4, 2022

According to a Paystream 2018 Procurement Insights report, 80% of organizations still use manual or semi-digital tools to manage their procure-to-pay cycle. Most organizations are using the procurement module integrated with their ERP or accounting software. What is Procure to Pay? Procure-to-Pay Definition.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 98

Supply Chain Shaman

APRIL 19, 2021

The Process of Software Selection. As the director of planning, Joe is involved in a multi-year process to select a new planning solution. “We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. The solutions are very different. The sameness is torture. She is bored. My struggle? ” Joe.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

Supply Chain Shaman

NOVEMBER 11, 2020

This is true even though we are not clear on the definition of next-generation processes. Business leaders wrap the discussions in pretty platitudes like end-to-end supply chain management, control towers, and customer-centric supply chains, but most are hollow words without clear definitions. They are just too risky.

Supply Chain Design Software 334

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 334

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

ThroughPut

NOVEMBER 28, 2023

This piece will unveil the top 18 supply chain analytics solutions currently shaking up the market. These aren’t just tools but potential game-changers for your bottom line in the long run. What is Supply Chain Analytics Software? This magic isn’t confined to just one corner of your business.

Prescriptive Analytics Software 52

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

Supply Chain Shaman

JULY 23, 2023

At the time, one of the people (let’s call him Noel) that I great respect for in the industry called me to say, “Lora, I don’t get it. In 2012, I published an article on Sales and Operations Technology (S&OP) Maturity. (I I never republished the report, because not enough has changed to warrant it.)

Supply Chain Planning Software 358

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 358

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa also offers a robust, market share leading, supply chain design solution. The supply chain design solution, for example, continues to grow in depth and usability.

Supply Chain Design Software 203

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 203

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 81

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 81

Unleashed

FEBRUARY 14, 2024

In accounting, finished goods inventory is the specific number of inventory or manufactured items that you currently have in stock available for customers to purchase. Step 1: Raw materials procurement One of the first activities of a manufacturing business is to obtain the raw materials needed to produce a finished good.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

JANUARY 2, 2023

The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. Definition. A forecast is a time-phased view, or projection, of future demand. They vary in time-frequency, planning horizon, granularity, and unit of measure. Merriam-Webster.

Supply and Demand 403

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 403

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. The inventory turnover ratio reflects the frequency of your inventory turnover – the number of times your inventory turns over within a specified period – relative to its cost of goods sold (COGS) for that same period.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

FEBRUARY 12, 2024

This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. Additionally, they may involve the interest expense on loans or lines of credit used to finance inventory purchases. What is inventory carrying cost? What are the types of inventory carrying costs?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time. The X axis represents time. What is an inventory control chart?

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

EMERGE App

DECEMBER 25, 2023

It encompasses not only the implementation of software systems but also the strategic and operational decisions made by leadership to ensure the effective utilization of resources across the entire enterprise. Efficient inventory practices contribute to improved order fulfillment, reducing lead times and enhancing customer satisfaction.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Inventory Management 52

Supply Chain Shaman

JUNE 28, 2021

Idiomatic expressions are a type of informal language rooted in meaning that is different from the literal definitions of the words used in the expression. ). Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 254

Supply Chain Shaman

AUGUST 24, 2020

At one time, there were more than 200, then consolidation happened, and the number became 112. IBM purchased Sterling Commerce. GXS purchased Inovis, OpenText purchased GXS, Descartes Systems Group purchased numerous assets to form the GLN (Global Logistics Network), and TrueCommerce purchased Datalliance.

Supply Chain Network Software 367

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 367

SCMDOJO

SEPTEMBER 8, 2023

MRP plays a pivotal role in achieving this balance: Inventory Optimization : MRP ensures that businesses have just the right amount of inventory—neither too much that it leads to increased holding costs, nor too little that it disrupts production. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Procurement Analytics 84

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 84

Unleashed

MAY 10, 2023

It’s a tumultuous time for supply chain operations. Read on to learn how supply chain automation works and discover the tools you can use to reduce manual efforts and improve supply chain efficiency. To survive these changes, businesses must look to automation. In some cases, hours’ worth of data entry can be reduced to a single click.

Supply Chain Software 52

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

Unleashed

AUGUST 20, 2023

Long lead times can hurt sales and customer retention. Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. In this lead time guide: What is lead time?

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

JUNE 23, 2020

” Or, “If you need an answer, implement my solution.” This type of response is just not helpful. Grounded during this pandemic, and unable to interact with clients in person, I try to write 3,000 words a day. Morning after morning, fueled by good black coffee, I type away. ” When this happens, I sigh.

Supply Chain Design Software 304

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 304

EMERGE App

DECEMBER 25, 2023

It encompasses not only the implementation of software systems but also the strategic and operational decisions made by leadership to ensure the effective utilization of resources across the entire enterprise. Efficient inventory practices contribute to improved order fulfillment, reducing lead times and enhancing customer satisfaction.

Inventory Management Software 52

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

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. On a call, Pete gave me a hard time. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements.

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Supply Chain Insights

JUNE 12, 2017

Supply Chain Insights has just started a six month Putting Together the Pieces study on demand planning solutions. As we were preparing the questions to ask demand planning solutions providers, I realized I wasn’t quite clear on the differences between software deployment options. On-Premise. Cloud-Hosted.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Optimization Software 125

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

ShipBob

FEBRUARY 8, 2021

34% of businesses ship orders late due to items being out of stock at time of purchase. If a merchant fails to replenish inventory at the correct time, they risk having a stockout , which consists of items being out of stock at the time of purchase. What is inventory replenishment? Avoiding stockouts.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Cost Reduction Strategies Inventory 98

Demand Solutions

JUNE 14, 2017

The biggest challenge in all of this is lead time variability. You always aim to order supplies so they will arrive just in time to be used. But because lead times vary by season, this goal is nearly impossible to achieve. How can you shorten lead time and avoid storing inventory for weeks or months?

Predictive Analytics Software 176

Predictive Analytics Software Predictive Analytics Analytics Software Forecasting Software 176

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? It was at that time I began my career.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

HICX Solutions

AUGUST 18, 2022

For this episode of Supplier Experience Live by HICX, we were joined by Nick Ralphs to discuss modern procurement. Based in Glasgow, UK, Nick is a Director of NJR Procurement , an organization focused on ‘Increasing Value and Managing Risk in Purchasing and Supply Chains.’ Trends and Challenges in Procurement.

Procurement Solutions 52

Procurement Solutions Procurement Buyer Training Supply Chain Software 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? It only tracks finished items.

Inventory Management Software 52

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

Talking Logistics

FEBRUARY 18, 2016

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Freight is unique. Data rules.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

Logistics Viewpoints

NOVEMBER 28, 2022

OMP provides supply chain planning (SCP) solutions. Definitions of agility, resilience, visibility, and end-to-end collaboration are all very much tied together. Historically, companies assumed suppliers would be able to supply raw materials or that the lead time from China to deliver those materials was three weeks.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 194

Unleashed

AUGUST 6, 2023

In this competitive pricing guide Competitive pricing definition Competitive pricing is a sales and marketing strategy that involves manipulating price points in a business to match or beat the pricing of its competitors. Here are three common examples of competition-based pricing in business: Ecommerce marketplaces. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Precoro

FEBRUARY 12, 2024

The first step requires an overview of income and expenditure in real time. In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. Some assets, known as liquid assets (e.g., However, others, like fixed assets (e.g.,

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Unleashed

MAY 14, 2023

Inventory management software is critical in tracking up-to-the-minute stock levels and maintaining accurate records. 6 common causes of inventory shrinkage Inventory shrinkage happens all the time. Even with digital systems and software, mistakes can be made when it comes to recording data. Let’s say you own a furniture store.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

Elementum

FEBRUARY 7, 2024

This section will explore the definition of a digital process and trace the journey of digital transformation through history. Integration Tools: Software solutions like no-code development tools unify distinct systems, ensuring they work cohesively.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78