Supply Chain Shaman

APRIL 15, 2020

I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. An example is a focus on moving and buying ventilators without an assessment of the availability of critical parts and skilled therapists.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Target cost.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Ensure compliance with business and regulatory requirements.

Optimal Sourcing 130

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

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. The first thing that Procurement organizations should do is to determine the purpose of establishing a responsible sourcing strategy.

Sourcing Strategies 130

Sourcing Strategies Purchasing Skills Sourcing Expense Reduction 130

ivalua

JUNE 12, 2020

The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. Looking beyond Covid-19, virtually any of Procurement’s growing list of objectives can be better achieved through better collaboration. Accelerating innovation? Improving CSR/sustainability?

Vendor Strategies 130

Vendor Strategies Material Savings Optimal Sourcing Supply Chain Planning Software 130

HICX Solutions

JANUARY 22, 2019

The basic purchase-to-pay (P2P) processes for managing and recording the procurement transaction are already automated to some extent in many organisations. AI will also support in areas such as automated invoice processing, helping systems learn how to handle non-standard invoices or spot potentially fraudulent examples.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Procurement Supply Chain Software 40

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Table 1 details some examples of areas of application of generative AI for different supply chain participants.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Arena Solutions

AUGUST 10, 2021

In some cases, if ECRs are not used correctly, by the time you craft the ECR , add in the appropriate documentation, review it with the product engineer, and send the ECR around for approval, initiating the engineering change order (ECO) may be redundant. In this example, the ECR is a fairly unimportant part of the overall change process.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Design Software Manufacturing Procurement Material Savings 96

QAD

OCTOBER 26, 2023

In the United States for example, many companies have been considering – and some already taken – strategies like near-shoring and reshoring. For example, the information your logistics department uses to track deliveries can be shared with your customers, and your customer support team.

Supply Chain Disruption 93

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 93

Parade

MARCH 3, 2021

This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common.

Supply Chain Software 148

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 148

Supply Chain View from the Field

MARCH 29, 2013

As I’ve continued with my research on the future faces of procurement, a consistent theme that has come up again and again is the need for increased interaction between the legal and procurement groups in organizations. We had a procurement team, a contracts team, and legal people – and it wasn’t very efficient.

Procurement 76

Procurement Negotiating Skills Sourcing Strategies Supply Chain 76

Supply Chain Shaman

MARCH 12, 2019

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. Indirect procurement has little to do with direct material management.

Prescriptive Analytics Software 176

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 176

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. Let’s take the example of a supply chain team at a major retailer.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Supply Chain Shaman

DECEMBER 11, 2018

Supply chain innovation is slowly simmering in the face of radical disruption. Examples include Hadoop, Kafka, and Apache Spark. . The many examples include streaming data, Internet of Things (IOT), new forms of analytics, software robots, wearables and robotics increasingly add value as computing power increases.

Supply Chain Planning Software 199

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 199

QAD

JANUARY 19, 2023

Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment. This integration of supply and demand requires a special mix of business operations, procurement, accounting, and production.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

DynaSys

FEBRUARY 11, 2020

Spoiler alert: huge innovations ahead! This includes production planning, procurement planning, and goes all the way up to demand planning. An example of this could be Point of Sales data sales and production order documents from distribution centers and production plants.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply and Demand Supply Chain Planning Data 96

Supply Chain Game Changer

APRIL 29, 2021

In that effort, enterprises should seek innovative technologies with the potential to disrupt and transform the current supply chain operating models and bring in a more competitive edge. These major shifts will likely have various implications for the procurement process. Encouraging innovation and collaboration. electronics).

Supply Chain Software 135

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software 135

Parade

MARCH 3, 2021

This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

Parade

MARCH 3, 2021

This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

SCMDOJO

FEBRUARY 29, 2024

They do not relate to any overall company procurement goals and objectives. Figure 1: SPM Project Stages (Gordon Sherry R, 2008) This organization has created a Procurement Steering Committee with management participation to leverage procurement as a tool to improve business performance.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Procurement Academy

AUGUST 4, 2022

Ensuring efficiency in your procurement process has a positive chain reaction within your entire organization. The objectives of a world-class procurement organization are far beyond the traditional belief that procurement’s primary role is to obtain goods and services in response to internal needs. Reduce expenses.

Optimal Sourcing 52

Optimal Sourcing Purchasing Training Negotiating Skills Procurement Analytics 52

Supply Chain Opz

JANUARY 22, 2016

Onge Company Game changing technologies in the supply run from the immediate, to the near-term, to the futuristic, but there are some clear examples in each. Managed sourcing establishes partnerships between internal procurement teams and third-party providers that allow procurement professionals to become more efficient and effective.

Predictive Analytics Software 100

Predictive Analytics Software Supply Chain Network Software Logistics Network Optimization Software Analytics Software 100

Bristlecone

OCTOBER 21, 2019

Following are five steps he suggested that companies take to stay ahead of the curve – and examples of five organizations who’ve done just that. Step 1: Digitize your documents. A pioneering technology company used an AI-based app to achieve procurement savings of $400K over 12 months for metal commodities.

Supply Chain Planning Software 49

Supply Chain Planning Software Gartner Supply Chain Software Supply Chain Planning 49

EcoVadis

MAY 31, 2018

EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries. Every month hundreds of companies proudly communicate ( examples here ) when their score has made them eligible to earn an EcoVadis Gold, Silver or Bronze medal.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Supply Chain Opz

NOVEMBER 9, 2014

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

GlobalTranz

OCTOBER 19, 2018

On the surface, blockchain is a relatively new technology, and its use in various applications, like the CargoX Smart Bill of Lading , is even more innovative. For example, consider these benefits of using blockchain for bill of lading standardization and more. In other words, blockchain suffers from a lack of use problem.

Logistics Network Optimization Software 211

Logistics Network Optimization Software Demand Planning Software Supply Chain Software Material Savings 211

ShipBob

FEBRUARY 6, 2023

For example, a warehouse control system is a warehouse technology solution that lets you direct and control the physical movement of goods within your warehouse. From the actual packing process to the documentation process, you can find plenty of options to help you automate your packing tasks.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

TrackVia

MAY 25, 2023

Honeywell was able to streamline the procurement process for inventory within their warehouses to eliminate bottlenecks, streamline purchase orders, and identify supply risk that helped increase working capital by $10M. As an example, Leaf Home was able to expedite data sharing, and efficiently track their logistics and distribution efforts.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 52

Arena Solutions

MAY 31, 2020

Though BOMs can include more descriptive information too, for example, the unit of measure or procurement type. Below are examples of how a bill of materials for a GPS navigation product would look in each system. Spreadsheet Examples of Bills of Materials (BOMs). Bill of Materials Example in Arena PLM.

Supply Chain Design Software 58

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Supply Chain Software 58

6 River Systems

NOVEMBER 8, 2022

Used effectively, a 3PL provider can be an invaluable asset, allowing you to focus on scaling up production (for manufacturers), procurement (for retailers) and streamlining your overall operations rather than get bogged down in warehousing hangups. How does a 3PL warehouse work? A 3PL warehouse is owned and managed by a third-party company.

Warehousing 52

Warehousing 3PL Manufacturing Procurement Optimal Sourcing 52

Talking Logistics

JULY 25, 2018

Take EDI, for example. Think of it as a business intelligence dashboard for the business user that displays information gathered from EDI transactions in the context of the Order-to-Cash or Procure-to-Pay process. Find the right technology partners to help you innovate. Ron Castro, IBM’s Chief Supply Chain Officer.

Supply Chain Planning Software 106

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Predictive Analytics Software 106

Supply Chain View from the Field

APRIL 10, 2013

Spend Matters has grown to be a big part of the procurement landscape. The premise of his discussion at Coupa was around volatility, and the need for procurement transformation to stop and take a look at itself, and understand how becoming influential is becoming a bigger imperative. Look where it is today!

Conference 60

Conference San Francisco Modeling Software Supply Chain Network Software 60

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Procurement as end-to-end process owner .

Optimal Sourcing 130

Optimal Sourcing Pricing Training Optimization Software Procurement Solutions 130

TrackVia

AUGUST 22, 2023

With a fleet team of business vehicles, for example, your cars and trucks need regular oil changes, maintenance, and cleaning to be in working order when someone needs to use one. Training and Documentation: Of course, with any maintenance schedule, you’ll want to train maintenance staff on proper procedures and protocols.

Asset Management 98

Asset Management Optimization Software Analytics Software Predictive Analytics Software 98

Talking Logistics

NOVEMBER 10, 2014

I also shared with them my view that companies will ultimately find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of Supply Chain Operating Networks (SCONs). How are companies using SCONs in the real world? .

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 171

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Businesses can dramatically reduce the costs associated with establishing new supplier relationships, expedite onboarding activities and relevant procurement processes. What is supplier relationship management?

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111