Logistics Viewpoints

JANUARY 11, 2023

Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Beware the Swinging Pendulum on Supply Chain Inventory Practices ; Polly-Mitchell Guthrie ( Kinaxis ). Will it take decades? Clint Reiser.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Failing to create a system for identifying and documenting defective products makes it difficult to track the source of defects and also makes it difficult to identify patterns or trends in defects.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

The Logistics & Supply Chain Management Society

JUNE 10, 2021

One misfiled declaration, missing document, or unread urgent email can block a shipment. Then is stockpiling regional inventories the answer to serving consumer demand and mitigating delays? Global trade disruption will continue to happen beyond the pandemic. The changing trends dictate consumer preference.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chain Strategy 246

Stord

AUGUST 17, 2023

This is the second SOC 2 Type II report Stord has received for Stord One Commerce, its order and inventory management platform (OMS), and the first SOC 2 Type II report for Stord One Warehouse, its warehouse management system (WMS). All of us at Stord are dedicated to vigorous security measures that help protect our customer’s data.

Security 60

Security Inventory Management Software Data Atlanta 60

QAD

JANUARY 24, 2023

For example, roughly 85 percent of companies incorporate sustainable procurement practices due to government regulations and policies and the risk of being noncompliant – not in response to consumer attitudes.

Supply Chain Software 97

Supply Chain Software Manufacturing Procurement Optimal Sourcing Procurement 97

Precoro

OCTOBER 24, 2022

Manual procurement management relies mostly on spreadsheets, physical printed documents and e-mails (or other means of communication). Low-Quality Documentation. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Inventory Control.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. And we’ve yet to experience all of the possible repercussions of the conclusion of China’s zero-COVID policy. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

Logility

OCTOBER 29, 2021

To optimize throughput and capacity utilization, process manufacturers must effectively manage inventory, apply predictive analytics, and gain supply chain transparency through digital transformation. Is inventory keeping up with demand? 4 Digital Solutions That Address the Top Challenges for Process Manufacturers.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Elementum

OCTOBER 3, 2022

Here are some important strategies you can use: Enhancing Company-Owned Inventory Consistently check your company-owned inventory to ensure that you are only holding or storing the desired quantity–holding excess inventory can be costly in the long run because it will increase the price of the product.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 78

SCMDOJO

APRIL 11, 2023

Pros: Utilizes a hands-on approach with simulated problem-solving and team collaboration Offers a self-assessment document to assess your own S&OP process Keep track of how well you’re doing while you complete the learning goals. The information is presented in a simple and understandable way.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

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. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

QAD

JULY 8, 2021

Poor inventory management and lack of full inventory visibility, including inventory held by next tier suppliers. Some suppliers may carry excess inventory in anticipation of unknown demand, while others will allocate their limited production capacity to other customers or markets, as is the case in the semiconductor shortage.

Supply Chain Planning Software 89

Supply Chain Planning Software Forecasting Forecasting Software Manufacturing Procurement 89

OptiProERP

JANUARY 17, 2023

Inventory Management. Having the right inventory on hand to build your products is crucial. At the same time, you don’t want to have too much inventory, as that results in carrying costs and waste. It should track the status and location of every inventory item. Supply Chain Management.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Manufacturing Negotiating Skills 52

Supply Chain Shaman

AUGUST 11, 2016

About twice a month, companies ask me to review their strategy documents. For four years, the company supply chain team argued about the number of supply chains, the customer segmentation strategy and how to tie customer policy to execution. Use channel data and orchestrate supply chain policy to improve outcomes.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Precoro

OCTOBER 2, 2023

As the procurement cycle involves many documents and constant back-and-forth communication, automation is here to minimize human errors, streamline document creation, improve spend control, and increase visibility for requesters and approvers. Intake-to-pay software: Inventory control is not typically available.

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

QAD

MAY 23, 2023

There are too many ESG-linked policies to list and new ones are emerging seemingly every day, but here are a few you should watch: The US Uyghur Forced Labor Prevention Act took effect on June 21, 2022, and requires importers to prove that products do not contain any trace of material associated with China’s Xinjiang region.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Precoro

AUGUST 14, 2023

Additionally, this skill empowers purchasing managers to anticipate potential issues in adhering to corporate policy, managing the supply chain, or overspending and helps to resolve them timely. In fact, 204 procurement professionals globally said that communication is a critical business skill requested from procurement managers.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Taulia

JULY 7, 2022

As such, it encompasses numerous procurement-related activities, such as budgeting, sourcing, negotiating supplier discounts, analyzing spend, managing supplier relationships and managing inventory. Unclear policies or procedures. Renew policies and procedures.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. Grouping graphs, charts, and documents together can help observe the processes for a specific business function. Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. Cluster Approach.

Vendor Strategies 109

Vendor Strategies Inventory Reduction Cost Reduction Strategies Resource Reduction 109

SupplyPike

APRIL 10, 2020

To stay compliant with your buyer’s OTIF or ORAD policies, you will need to make sure you cite the right reasons for PO cancellations. Your buyer may also need to work on directing inventories to more active locations. Another solution is to create inventory reserves. If possible, request that your buyer widen delivery windows.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

The Logistics & Supply Chain Management Society

JULY 13, 2021

It predicts that by 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory, and shipment tracking. Intelligent automation can be used to digitize compliance procedures like verifying export and import documents, ship vessel certificates and insurances.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

The Network Effect

OCTOBER 30, 2015

In earlier posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. providing all necessary paperwork such as export licenses, and documentation. verify that the quantity and quality of the goods conform with the documentation.

Automotive 100

Automotive Supply Chain Design Software Shipping Manufacturing Procurement 100

Unleashed

NOVEMBER 8, 2021

These differences are driven by each government’s financial and economic policy: higher de minimis thresholds can ensure more agile and active trading flow, but don’t deliver on tax revenue as much as if there is a lower de minimis threshold. Learn more: Try the eCommerce inventory management software that unleashes your growth.

New Zealand 98

New Zealand Australia Purchasing Skills Negotiating Skills 98

QAD

JUNE 8, 2021

Here are three areas to consider: Ensure your organization’s essential supply chain processes are defined, documented and implemented. Lack of or ineffective periodic review of supplier assessments against customer requirements/policies. Insufficient inventory visibility throughout the supply chain. In addition to 6.2.1.7,

Supply Chain Software 97

Supply Chain Software Automotive Demand Planning Software Forecasting Software 97

Exiger Perspectives

APRIL 3, 2023

Tactical: Establish internal, third-party, and supply chain transparency by gaining insights into spending, product demand, dependencies, business unit provider engagement, availability, resources, product supply and inventory. Strategic: Agree to and document a broad risk appetite statement.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

Arena Solutions

JUNE 8, 2021

Test specifications and other document control practices. In particular, the following systems make it much easier to manage the new product introduction process: Product Lifecycle Management (PLM) —for design and manufacturing documents, BOM and change management and compliance. Part numbering processes and schemes. Feedback loops.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Resource Reduction Inventory Reduction 52

Taulia

MARCH 14, 2023

Effective working capital management – a process usually geared around improving working capital by freeing up cash trapped on the balance sheet or in inventory – is crucial in turbulent economic conditions. Manage inventory more efficiently Different inventory management techniques can impact working capital position, too.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Precoro

NOVEMBER 13, 2023

These price fluctuations are often caused by the changes in the suppliers’ internal policies, so the buying company might not know to account for them while preparing budgets. But if the company orders more than it can use in time, the business will face the risk of excess inventory and growing storage expenses.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Bad carriers cost you money and ruin retail relationships.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Bad carriers cost you money and ruin retail relationships.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Enterra Insights

SEPTEMBER 11, 2020

The scope of end-to-end supply chain visibility must go beyond the status of orders, shipments, and inventory — it must also include having timely, accurate, and complete visibility to labor, safety, environmental, and legal practices across the entire supply chain.”

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Software Supply Chain Strategy Supply Chain 100

Unleashed

APRIL 10, 2023

Opportunities include underutilised workers, excess inventories , and ineffective processes. Document-centric BPM: documents that are created, used, and revised within the business. This covers any strain on an organisation’s resources, including overused machinery and overworked employees.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

The Network Effect

AUGUST 21, 2015

In my last four posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. All supplier shipments must be accompanied by appropriate documentation. Thus process outputs related to documentation must be error free.

Automotive 100

Automotive Optimal Sourcing Logistics Network Optimization Software Supply Chain Optimization 100

NC State SCRC

APRIL 22, 2020

At the most mature levels, organizations have established dedicated teams of supply chain professionals who team with key operational and security officers to established documented plans and pilot tests associated with pandemic plans, with formal executive reviews and business case development around potential risks of a pandemic event.

Supply Chain Planning Software 94

Supply Chain Planning Software Scenario Planning Supply Chain Planning Government 94

Unleashed

AUGUST 18, 2021

Read more: The 10 inventory management trends to watch for in 2022 Reverse logistics is another name for a backwards supply chain What steps make up the reverse logistics process? Having a transparent and fair returns policy is an important first step. This means the cost of returns must be factored into the pricing of your goods.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98