Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 296

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 296

Supply Chain Shaman

DECEMBER 15, 2022

” Or “push a shift from a focus on cost to drive value?” As an analyst, I am always searching for answers and clear definitions. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. ” Sound familiar? Functional Metrics. False Beliefs.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies.

Purchasing Training 82

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 82

Unleashed

FEBRUARY 14, 2024

Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. 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.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. Asian countries and China in particular have been privileged destinations for those entities due to cost attractiveness of the area. Once pooled through a Sourcing Office, they can get a higher power of negotiation. #2

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

Supply Chain Shaman

DECEMBER 7, 2023

We are not clear on definition. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. Align on definitions. The reason? The result was restatement.

Supply Chain Design Software 345

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 345

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. This results in higher cost for everyone in the same supply chain. The result is lower cost for everyone.

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Shaman

FEBRUARY 2, 2024

The term network is used frequently, but without definition. In a project that I am currently working on with Georgia Tech, I had a bet that the research assistants would not find a clear definition in the literature. Value networks, like many supply chain terms, are used frequently, but lack definition. Technology Evolution.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Network Software Supply Chain Planning Software Third Party Logistics 195

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. Here are the top five reasons you need a transportation sourcing solution: 1.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

ThroughPut

MAY 5, 2020

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.

Cost Reduction Strategies 64

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 64

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. There must be a clearly defined data source with a standardized process for collecting and measuring that data.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. By ARC’s definition, when a business spend management solution is used for direct procurement it is an MSCN. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 221

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 221

Supply Chain Shaman

SEPTEMBER 10, 2020

Let’s look at some of the market trends to understand the severity: Lumber prices skyrocketed 60% in the last six months. A moderately-priced new home in the United States now costs an additional $16,500. Builders in my area are pre-paying for lumber to hold prices at the cost of $250,000/house. The impact?

Supply Chain Planning Software 438

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 438

ThroughPut

MAY 5, 2020

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.

Cost Reduction Strategies 52

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 52

ThroughPut

MAY 5, 2020

What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.

Cost Reduction Strategies 52

Cost Reduction Strategies Manufacturing Procurement Inventory Reduction Negotiating Skills 52

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. This results in higher cost for everyone in the same supply chain. The result is lower cost for everyone.

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

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”? Source: [link] ). Source: [link] ).

Supply Chain Design Software 72

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

Supply Chain Game Changer

NOVEMBER 24, 2018

10 Different Definitions! But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was. But was that Procurement or was it Purchasing? Purchasing .

Procurement Analytics 62

Procurement Analytics Purchasing Skills Optimal Sourcing Negotiating Skills 62

Supply Chain Shaman

APRIL 26, 2022

In this blog, I start with a background on the definition of supply chain taxonomies–those that are the basis of reporting in something like the Gartner Magic Quandrant. I question why companies accept existing taxonomies as a given and challenge bright data scientists to only improve engine outputs within the current definitions.

Manufacturing Procurement 221

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 221

Supply Chain Shaman

AUGUST 24, 2020

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. Start With Definitions. Definitions. Also, Value-Added Networks (VANS) morphed.

Supply Chain Network Software 367

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 367

Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. This is true even though we are not clear on the definition of next-generation processes. Kinaxis Purchase of Rubikloud. The purchase of Rubikloud by Kinaxis shows just how little the Kinaxis team knows about demand management.

Supply Chain Design Software 334

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

Logistics Viewpoints

JULY 6, 2022

That article stated that Target, Walmart, and others recently reported during earnings calls that they have too much inventory in certain item categories and that the cost of holding inventory is negatively impacting their profit margins. Conclusion: Whiplash not Bullwhip Effect. This does not seem to be the case with Target and Walmart.

Inventory Reduction 260

Inventory Reduction Inventory Retail Purchasing Skills 260

Unleashed

JUNE 2, 2022

Omnichannel integrates a multichannel strategy and optimises it as a progression of the online purchasing journey for the modern eCommerce customer. Omnichannel also makes it easy for customers to make purchases or reach customer service teams from any device, via their preferred platform. Inconsistent pricing.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

SCMDOJO

APRIL 26, 2023

This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. Now let us provide you with an apt Category Management definition. Sourcing decisions also play a role in the categorization of items or services.

Procurement Solutions 78

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 78

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Don’t fall prey to discussions that are not grounded in the basic definitions. Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). In this process, sadly, there is little definition of the model. Merriam-Webster.

Supply and Demand 403

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 403

Supply Chain Shaman

JULY 25, 2021

Here I share my observations: A Focus on Cost Versus Margin. Many of the growth initiatives–trade promotions and price in consumer industries–shifted demand without lifting baseline demand. As demand shifts from period-to-period, the costs increase with no impact on growth. The impact? Maturity Model.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

MAY 26, 2023

Or a unified data model across source, make, and deliver for planning? Let’s start with a basic definition. Demand latency (the time from purchase by the customer to order visibility by the manufacturer) is weeks and months. The greatest value in the network is making effective trade-offs between source, make, and deliver.

Optimal Sourcing 362

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 362

NC State SCRC

JULY 28, 2019

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Humans are also part of the environment.

Manufacturing Procurement 40

Manufacturing Procurement Purchasing Skills Sourcing Strategies Sourcing 40

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. Or a certain price for a red product and double for its blue version? History of pricing is rarely reviewed.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

Supply Chain Shaman

JUNE 21, 2023

Before you react, here are some definitions. Curmudgeon : An ill-tempered (and frequently old) person full of stubborn ideas or opinions. ” For example, with the pending recession, I worry that many companies will lose first-mover advantage in pricing. Demand latency is the time cycle to translate a channel purchase to an order.)

Gartner 391

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 391

EMERGE App

APRIL 5, 2024

Yet, if you’re a wholesale distribution owner now, you have definitely endured the struggles through the market and the customer’s pressures, specifically after the black swan of COVID-19 in 2020-2021. Warehouse cost A very first mistake in the wholesale distribution industry is underestimating the amount of warehouse cost.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Sourcing Strategies 52

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

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 PwC’s findings, definitely. What was the impact of Covid-19 on digitization?

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

SEPTEMBER 5, 2022

In Table 1, to help the reader, we share the definition of the form and function of inventory. Definition of Form and Function of Inventory: Source Supply Chain Insights. The first step is to clarify the definition and test our processes. As a result, obsolescence increased. The Discussions We Should Be Having.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

SCMDOJO

NOVEMBER 2, 2023

To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

Supply Chain Shaman

NOVEMBER 21, 2022

Definition of Confirmation Bias. So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Were the plans feasible?

Supply Chain Planning Software 328

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 328