QAD

FEBRUARY 7, 2023

Put simply, supplier relationship management (SRM) is a systematic approach to evaluating the suppliers your business works with that provide your organization with goods, materials and services. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. That supplier can be put on “hold.” Supplier Due Diligence.

Supply Chain Network Software 219

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 219

Precoro

DECEMBER 11, 2023

With strategic sourcing, historical and current data are collected in order to analyze established processes, predict market requirements, maximize purchasing power, and align purchasing strategy with organizational objectives. Sourcing strategy Next, the sourcing team creates an actual sourcing strategy. Building risk strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ToolsGroup

SEPTEMBER 20, 2022

That’s why companies in the manufacturing sector are shifting from reactive to data-driven maintenance strategies. Reduce facility-wide maintenance costs. In fact, companies save 25-30% of maintenance costs by leveraging predictive maintenance. Material Handling and Route Planning. Minimize production losses and defects.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Unleashed

OCTOBER 31, 2023

The objective of workforce optimisation is to reduce operational costs by boosting productivity and employee output. Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. What are the goals of workforce optimisation?

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Logility

NOVEMBER 30, 2020

There is a growing awareness within senior executives that transforming supply chain capabilities to take advantage of the emerging areas of “Big Data,” “Artificial Intelligence,” “Advanced Analytics” and “Cloud Computing” provides a competitive advantage and reduces risk due to disruptions.

Supply Chain Planning Software 181

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 181

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

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. By automating compliance processes and documentation management, manufacturers can reduce manual errors and potential risks.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Supply Chain Game Changer

NOVEMBER 3, 2022

Supply chain management is an important aspect of every business because it ensures your business gets the supplies, resources, and materials it needs to fulfill services or deliver products to customers. This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN).

Supply Chain Planning Software 115

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

Precoro

SEPTEMBER 4, 2023

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. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

crisp

DECEMBER 15, 2021

At last week’s Supply Chain Summit , I shared how brands can use data to drive sales growth, increase supply chain efficiency, and reduce waste. Step 1: Set the strategy. This is an inherent trade off, and therefore a decision to consider when you set your strategy. The Power (and Pain) of Data. The Four Steps to Data Readiness.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Arena Solutions

OCTOBER 12, 2023

With over 25 years of quality expertise, Christine has worked with many top firms assisting, advising, and setting up their internal auditing strategies. Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit? Why do an internal quality audit?

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

OptiProERP

FEBRUARY 8, 2024

It will explore the benefits, challenges, and strategies for achieving optimal synergy between these two critical components of modern manufacturing. Directed Energy Deposition: In directed energy deposition, various materials like ceramics, metals, and polymers are utilized. What Is Additive Manufacturing?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Locus

OCTOBER 12, 2022

Choosing a sustainable distribution channel that enables economic efficiency, will minimize costs, and reduce ecological impact while meeting consumer expectations. Business and supply chain executives are also incentivized to spread awareness and come up with sustainable strategies. Customers prefer green companies.

Material Savings 52

Material Savings Optimal Sourcing Sourcing Strategies Sustainability 52

Unleashed

NOVEMBER 2, 2023

It may contain key information about the items being produced and the manufacturing process itself, including any raw materials, labour, and equipment – along with the scheduled dates for executing each stage of the production process. The reduced production costs directly translate into wider profit margins for your products.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Cons: The course material may not be suitable for beginners. The course covers Activity Based Costing, Working Capital, the Cash-to-Cash cycle, and Discounted Cash Flow Analysis. Affordable assistance for studying.

Supply Chain Design Software 114

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 114

OptiProERP

MARCH 15, 2022

The production department transforms raw materials into finished goods. This process includes developing strategies for the allocation of machinery, human resources, and production material. It ensures raw materials, machines, and resources are available to produce finished products on time. . Reduced Costs.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Logility

JANUARY 26, 2022

The industry stands to gain too much to accept mediocre attempts, such as shifting to vertical production, embracing made-to-order business models, or creating new pieces from vintage garments or deadstock materials. Go Beyond Tweaking Around the Edges. Digitize Supply Chains with the Right Technology. Supplier collaboration.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 130

Precoro

MARCH 31, 2023

Thus, it's the responsibility of every business to pursue policies that reduce their environmental impact and help build a more sustainable future. Optimizing the supply chain can play a significant role in reducing a company's adverse influence on the environment as their Scope 3 emissions are directly affected by their suppliers.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

OptiProERP

APRIL 9, 2024

Skilled labor, equipment, and materials transform raw inputs into finished products. Document processes and provide training to employees to ensure compliance and proficiency. Embrace Automation Automate repetitive tasks and manual processes wherever possible to reduce cycle times and improve accuracy.

Optimal Sourcing 52

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

Unleashed

AUGUST 18, 2021

For these businesses the question becomes how to optimise the reverse logistics process to improve the customer experience, reduce the cost of waste, add value to products by recycling and repurposing, and become more sustainable. The aim of a circular supply chain is to reduce landfill down to zero – or as close to it as possible.

Reverse Logistics 98

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

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Arkieva

JANUARY 20, 2017

Read Also: 10 Warehouse Productivity Tips for Reducing Downtime Today! The goal in Lean Transportation is to use the ‘Eight (8) Right’s: Right Materials. Transportation strategy should not drive how and when the product is delivered. Transportation strategy and tactics must support Lean inventory strategies.

Optimal Sourcing 60

Optimal Sourcing Waste Reduction Agile and Lean Supply Chain Inventory Reduction 60

Logility

JANUARY 4, 2022

The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During Eight years ago, we started with a focus on Total Delivered Cost (TDC) and elevating our cost savings program performance, as well as eliminating sub-optimized cost efforts that might have helped in one specific area, but hurt our overall performance.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Unleashed

AUGUST 23, 2023

The role of warehouse management in logistics In logistics, the role of warehouse management is to ensure the optimisation of the warehousing of products and raw materials. In the case of raw materials, this means shifting them to the production line. Different strategies can be utilised to optimise the order-picking process.

Warehousing 52

Warehousing Logistics Network Optimization Software Supply Chain Design Software Inventory Management Software 52

SCMDOJO

DECEMBER 11, 2023

They help businesses make smart choices, save money, and build strong relationships with the vendors: Enhanced Decision-Making: Procurement reports play a pivotal role in enhancing decision-making within an organization. Cost Savings: One of the primary benefits of procurement reports is their ability to contribute to cost savings.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

SCMDOJO

JULY 24, 2023

By leveraging the expertise and resources of a specialized logistics partner, companies can streamline operations, reduce costs, and improve service levels, ultimately gaining a competitive advantage in the market. Customers: Customers are the final recipients of the goods being transported.

Logistics Network Optimization Software 91

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 91

SYSPRO Smarter ERP

NOVEMBER 22, 2021

Approach: In this phase you will need to start developing the project plan, document the internal and external participants, resources required and understand the objectives. Where your business has identified the need to develop a digital strategy, but execution is on project basis. What does my change management strategy include?

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Analytics Software Vendor Strategies 111

RFgen

APRIL 18, 2023

Therefore, investing in a strategy to prevent misships pays for itself—and more. An efficient layout for materials reduces opportunities for misships by assisting fast-moving workers. A standard process ensures all team members follow the same steps and best practices, reducing the likelihood of error. Look for trends.

Optimization Software 52

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

Supply Chain Shaman

OCTOBER 10, 2017

Last year AGCO’s Jackson, TN Operations saved around 750K using this methodology. . Recording of pictures and videos is accomplished in a hands-free environment via voice commands and tied directly to the unit’s documentation through the use of the Proceedix Action Management System. A 30% Initial Reduction in Processing Time.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 152

Unleashed

APRIL 10, 2023

In manufacturing, process improvement refers to the optimisation of various workplace tasks with the aim to increase efficiency and productivity while reducing costs and waste. The key benefits of implementing lean manufacturing are time savings, cost savings, and improved quality of products and services.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

OptiProERP

MAY 18, 2023

This type of procurement involves purchasing raw materials, components, and finished goods from suppliers. The main objective of direct procurement is to ensure that the company has a reliable supply of high-quality materials at the lowest possible cost. Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

QAD

APRIL 25, 2019

Using Metrics to Measure Quality. As such, quality is a key part of company strategy, controlling costs and acting as an early warning system when any process goes awry. Business Process Documentation. Unless processes are fully and accurately documented, employees may not understand their roles. Design for Quality.

Metrics 93

Metrics Quality Expense Reduction Cost Reduction Strategies 93

Requis

MARCH 23, 2021

Today, Roberto uses his expertise to help enterprises choose low emissions energy and reduce the embodied carbon footprint of their new construction initiatives, contributing to the protection of our planet and its resources. So, of all the greenhouse gases out there, why focus on carbon instead of another gas or material?

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

Logility

APRIL 3, 2018

Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100