The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The core of the Freight Procurement Stage is the creation of a comprehensive Request for Proposal (RFP) or Request for Quotation (RFQ) document. This document outlines the shipper’s shipping requirements, expectations, evaluation criteria, timeline and contract terms. If not, what is mutually agreed review timing and basis?)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Enterra Insights

JUNE 25, 2019

For the last few years, inventory shrinkage has annually cost U.S. Paul Trujillo ( @TruPaultx ), a Product Marketing Manager at Informatics, reports, “According to the National Retail Federation, there are five main ways for your supply to disappear.”[1] Inventory shrinkage strategies. Somewhere between 1.5%

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

Unleashed

APRIL 15, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

Intelligent Audit

JULY 19, 2022

Regardless of whether a load gets delivered on time with clean bills, or if there is an issue, shippers need oversight and can use OSD reports to ensure they get the right information. . What Is an OSD Report ? An Over, Short, and Damaged (OSD) report provides shippers with data that tracks damaged or miscounted loads.

Report 52

Report Supply Chain Planning Software Predictive Analytics Software Supply Chain Software 52

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Kinaxis

FEBRUARY 22, 2018

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. The report also mentions that the global growth rate is almost double that of the US food industry. What is vendor-managed inventory? Lower order volatility.

Vendor Strategies 150

Vendor Strategies Inventory Reduction Beverage Modeling 150

Logility

MARCH 12, 2021

Pulling data into a business intelligence tool in each department, the company started generating a new series of reports designed to meet the requirements of each department. But those reports soon generated disagreements across the sales, operations, marketing and finance teams. Why are our error metrics (MAPE, MAE, etc.)

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Unleashed

NOVEMBER 5, 2023

A barcode inventory system allows goods to be tracked along the supply chain and within a company’s storage facilities. It uses technology such as barcode scanners and barcode inventory software to improve the accuracy of your inventory management processes. What is a barcode inventory system? Let’s get right into it.

Inventory Management Software 52

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

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Document processes and provide training to employees to ensure compliance and proficiency. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

RFgen

JANUARY 23, 2023

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026. bn through 2026.

Inventory Management Software 52

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

Logility

AUGUST 4, 2023

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

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

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Logility

MARCH 16, 2021

The webcast will discuss the causes of supply variability, initiatives to address the challenge, metrics to measure success, and segmentation to align these efforts across a complex, global supply chain. s current Form 10-K and other reports and documents subsequently filed with the SEC.

Supply Chain Planning Software 130

Supply Chain Planning Software Analytics Software Demand Planning Software Optimization Software 130

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Logility

JANUARY 14, 2021

SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics. s current Form 10-K and other reports and documents subsequently filed with the SEC.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

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. Here are some other ways to balance PPV metrics.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Unleashed

APRIL 3, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction Strategies 52

BlueYonder

MAY 16, 2023

For the 12 th time in a row, we have been named a Leader in the 2023 Gartner Magic Quadrant for Warehouse Management Systems (WMS) report 2 —which is every year since the report began! These new domain-centric services allow customers to maintain high inventory accuracy with the speed and efficiency required to serve growing demand.

Gartner 73

Gartner Supply Chain Planning Software Supply Chain Design Software Analytics Software 73

ToolsGroup

SEPTEMBER 22, 2020

That means there are many companies out there struggling to make sense of constantly shifting demand data and to make smart inventory optimization decisions. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence. All rights reserved.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Unleashed

MARCH 5, 2024

eCommerce automation helps businesses maximise productivity by optimising daily processes such as inventory management , fulfilment, and customer service. Data insights: eCommerce automation software generates better reports in – less time – when compared with manual processes.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

ThroughPut

MARCH 11, 2024

Manufacturing Operations Management Software streamlines operations by integrating and coordinating shop-floor automation tasks with broader production workflows and support activities, linking them directly to the enterprise’s overall reporting system. These can be used to accelerate factory operations. Who Benefits From MOM?

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

Supply Chain Game Changer

NOVEMBER 3, 2022

This information can help companies manage inventory levels and improve customer service and engagement. This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). As a result, you can avoid product spoilage and not waste company resources.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

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. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). Every year we identify the companies that best exemplify the demand-driven ideal for today’s supply chain and document their best practices, which can help all companies move closer to their demand-driven goals.” Leaders need to balance a portfolio of metrics.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Logistics Viewpoints

AUGUST 15, 2022

For example, Dun & Bradstreet (D&B) publishes reports on the creditworthiness of companies. There are several hold types, but in Oracle the setting ‘Hold all new purchasing documents’ stops the ability to release any new purchase orders to a specific supplier site. That supplier can be put on “hold.”

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. 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.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

SupplyPike

JUNE 22, 2020

Learn all about: What Retail Link is and who can use it The challenges of Retail Link What reports and tools Retail Link has to offer. Are you a supplier for Walmart who is looking for a central repository for the information, documents, reports, and special applications to manage your business with Walmart?

Retail 58

Retail Supply Chain Planning Software Procurement Analytics Forecasting Software 58

NC State SCRC

JANUARY 16, 2024

While these are certainly worthwhile objectives, the report is long on presenting problems the US faces in each of these areas, but falls short of providing basic or actionable recommendations. In providing further detail into the actions necessary to implement the high level, senior insights of the report, my colleague Col.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

Precoro

FEBRUARY 12, 2024

There’s a toolkit of metrics to help the treasury department understand the level of liquidity. They encompass cash reserves, accounts receivable, inventory, and marketable securities. Consequently, companies with substantial inventory holdings typically exhibit lower-than-average quick ratios.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Turvo

JULY 27, 2021

A report based on a survey by Finances Online found that the most critical inventory management practices for companies were forecasting (61.3%), warehouse management (50%), logistics (46.8%), and back-end technology (32.3%). And technology can go a long way in promoting end-to-end visibility, including: Inventory visibility.

Real-time Visibility 90

Real-time Visibility Supply Chain Software Supply Chain Network Software Analytics Software 90

OptiProERP

FEBRUARY 8, 2024

The Role of ERP in Manufacturing Enterprise Resource Planning systems are the backbone of modern manufacturing operations, providing comprehensive tools for managing various aspects of the production process, including inventory management , supply chain logistics , production scheduling, and financial reporting.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Oracle SCM

MAY 22, 2018

With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. - Inability to view real-time metrics. - Inability to view real-time metrics. The number of systems make getting the answers too complex.

Quality 68

Quality Optimal Sourcing Procurement Analytics Manufacturing Procurement 68

Precoro

MAY 22, 2023

It plays a vital role in managing an organization's inventory of IT assets, reducing redundancy, and lowering the risk of downtime or service interruptions. Typically in the form of a document, it entails formulating defined objectives, determining vendor selection criteria, choosing a budget, and establishing a timeframe for execution.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

crisp

DECEMBER 15, 2021

But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. Work backwards from the desired outcome to see what steps happen leading up to it, documenting the data points available to measure progress along the way. A good KPI to track for this goal might be a low out of stock (OOS) rate.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98