Supply Chain Trend

DECEMBER 22, 2023

We’ve entered an AI era where 76% of work can be augmented or automated. However, only 3% of companies apply automated execution and 7% autonomous end to end planning. It will describe more of a new business model/approach, adaptions to the realities of todays world, using the possibilities of todays technology.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Supply Chain Shaman

AUGUST 11, 2016

(Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. I am on a mission.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Unleashed

OCTOBER 31, 2023

It underlines the processes, strategies, and tools employed to assist staff in increasing their efficiency and productivity over the long term. Both use scheduling tools. Initiating new processes, implementing software solutions, and streamlining the flow of information can boost productivity by up to 30%.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Exiger Perspectives

APRIL 3, 2023

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment. In this article, we will review why a supply chain risk management framework is needed.

Supply Chain Risk Management 52

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

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. Market shifts are among the main reasons for unfavorable price variance.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

QAD

JULY 7, 2022

Can you identify all your suppliers in the supply chain? A recent Quality Digest article suggested that “ethical supply chain management is being fueled by consumer demand, profitability, and visibility. A 2021 Deloitte study documented how 43% of UK consumers selected brands based on environmentally sustainable values.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 97

SCMDOJO

FEBRUARY 29, 2024

Supplier performance management provides detailed information about the risks your suppliers may have, so you can take action to reduce or eliminate risks in your supply chain. Therefore, the success of supplier performance management directly affects the quality of the entire supply chain. How is it possible?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

OCTOBER 10, 2017

Peggy was a speaker at the Supply Chain Global Summit. AGCO’s culture of innovation policy deployment enabled employees to pioneer a technology solution for manufacturing. The new tool had to be integrated into AGCO’s work environment. Today, I got a quick email from Peggy Gulick. She had some exciting news.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 152

Arena Solutions

OCTOBER 12, 2023

Many companies within aerospace and defense , electric vehicle (EV) technology , medical devices , biotechnology , and clean tech sectors are seeing lucrative business opportunities to compete in the market. Christine said, “I have used internal audits as the baseline to improve our overall business metrics. billion to $855.62

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

Supply Chain Shaman

NOVEMBER 22, 2015

In my work as a supply chain analyst, and Founder of Supply Chain Insights, I attend many supply chain conferences. However, when I am well-rested and in a better state of mind, I remind myself that supply chain conferences are a great way to connect with people in a meaningful way.

Supply Chain Design Software 135

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 135

ToolsGroup

APRIL 27, 2022

For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. As Tom Derry, CEO of the Institute for Supply Management, shared in PBS , “It’s been the hardest year for logistics and supply chain managers,” Pafford said. Implement Time Management Software.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

Enterra Insights

MARCH 28, 2019

Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. ”[2] In pursuit of perfection, logisticians are turning to technology to achieve excellence. Technology is getting lighter. ”[3]. Room to improve.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Design Software Modeling Supply Chain Network Software 100

OptiProERP

MAY 18, 2023

Also Read: Learn How Procurement Automation Reduces Costs and Delivery Times. Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements. It also helps establish a more robust supply chain and uses procurement management best practices.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

EcoVadis

SEPTEMBER 4, 2019

The common thread across all successful programs when it comes to speeding an organization’s path to business value is through finding the right mix of tools and activities to successfully engage suppliers in sustainability. Use of tools & Incentives: Methods used to drive engagement .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

Unleashed

AUGUST 18, 2021

Today, reverse logistics can no longer be an afterthought for manufacturers, but is instead an integral part of supply chain planning. How can smart software assist your reverse logistics programme? The short answer is: reverse logistics is one part of the circular supply chain. What is reverse logistics?

Reverse Logistics 98

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

Talking Logistics

MARCH 2, 2016

In this week’s Ripped from the Headlines segment, another example of how many companies still have poor visibility and control of their end-to-end supply chains. As I’ve said many times before, there is no silver bullet for supply chain visibility. How do you begin to improve supply chain visibility and control?

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100

Precoro

MARCH 31, 2023

Thus, prioritizing sustainable procurement has become a critical component of companies' policies; by doing so, organizations promote transparency, fairness, resource efficiency, and ethical practices while enhancing their brand image and competitiveness.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Elementum

FEBRUARY 7, 2024

Operational Automation: Streamlining Business Efficiency with Technology Operational automation is the application of technology to perform repetitive tasks and manage processes within a business. Key Takeaways Operational automation is integral to digital transformation and efficiency.

Cost Reduction Strategies 78

Cost Reduction Strategies Supply Chain Software Predictive Analytics Software Resource Reduction 78

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. Once you know how much trouble you're in, or could potentially be in, you can start forming best practices to gain control of these areas of your supply chain. 8, Periodically Review Technology Requirements: .

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. Once you know how much trouble you're in, or could potentially be in, you can start forming best practices to gain control of these areas of your supply chain. 8, Periodically Review Technology Requirements: .

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

20Cube Logistics

SEPTEMBER 29, 2019

Exception management is an effective mechanism in supply chain management. The capability to address the issues and ensure the smooth functioning of the operations helps a company to be stable and with technology raising its bar every day in supply chain management, it’s more like management by exception rather exception management. .

Supply Chain Visibility 40

Supply Chain Visibility Real-time Visibility Supply Chain Planning Software Supply Chain Planning 40

SupplyShift

SEPTEMBER 10, 2021

From there, send initial assessments out to your suppliers to gauge their level of aptitude and maturity on issues like environmental sustainability, fair labor, anti-corruption policies, etc. How to Iterate Assessments The pandemic has been responsible for a variety of repercussions, but supply chains were one of the areas hit hardest.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Vendor Strategies Supply Chain Network Software 52

SupplyShift

SEPTEMBER 10, 2021

From there, send initial assessments out to your suppliers to gauge their level of aptitude and maturity on issues like environmental sustainability, fair labor, anti-corruption policies, etc. The pandemic has been responsible for a variety of repercussions, but supply chains were one of the areas hit hardest.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Vendor Strategies Supply Chain Network Software 52

Locus

OCTOBER 12, 2022

It will require a herculean effort to re-invent and redefine climate technologies to carry out decarbonization and a global net zero emission is only possible in 2050 if the production of clean hydrogen and low-carbon energy carriers increase seven-fold. How can businesses pay attention to supply chain sustainability as they scale?

Material Savings 52

Material Savings Optimal Sourcing Sourcing Strategies Sustainability 52

QAD

MAY 16, 2019

The MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. Benchmark supply chain operations. The F3 criteria are core to the foundation of supply chain management. New Scoring.

Supply Chain Planning Software 100

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 100

Unleashed

APRIL 10, 2023

TQM relies heavily on data and performance metrics to make decisions about change. Document-centric BPM: documents that are created, used, and revised within the business. Integration-centric BPM: the adoption and integration between digital tools and applications. Shine (seiso) – keep workspaces clean and tidy.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Supply Chain Game Changer

MAY 27, 2022

Subscribe to Supply Chain Game Changer. Brand Protection – The Definitive Role of the Supply Chain! Strategic brand management focuses on long-term results, overseeing future brand development, and deliberately planning policies that add to the brand value. Subscribe Here! Email Address. Marketing Strategy.

Sourcing Strategies 90

Sourcing Strategies Supply Chain Design Software Price Reduction Supply Chain Planning Software 90

Logistics Bureau

DECEMBER 18, 2017

Inventory planning touches a number of supply chain components and includes all the decision-making responsibilities associated with the acquisition and deployment of inventory, which can include raw materials, work-in-progress, and finished goods. Supply chain efficiency. Technology and People. Control of costs.

Supply Chain Planning Software 40

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

Kinaxis

JULY 23, 2015

It is a high-level process that should be integrated into other supply chain planning processes including, at a minimum, sales and operations planning, master production scheduling and supply action management. Inventory Metrics: From Insight to Action. Inventory Management: Technology Enablers.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

Freight Plus

NOVEMBER 28, 2018

Come up with a set of internal metrics that will go towards eliminating problem areas. Once you know how much trouble you're in, or could potentially be in, you can start forming best practices to gain control of these area of your supply chain. Technology. Define who is responsible for your vendor compliance program.

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

Supply Chain Shaman

JULY 22, 2016

In my work with supply chain clients, teams change, business strategies shift and dramas unfold. All are haunted by the river that runs through the supply chain. On an ongoing basis I view supply chain strategy documents. Each supply chain is unique. What is it? Growth is a common theme.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Requis

MARCH 23, 2021

On episode 25 of Supply Chain Next, Richard Donaldson talks with Roberto Reichard about embodied carbon, climate change and taking control of our supply chains to move toward sustainability. Supply Chain Next · 025 – Roberto Reichard. Now it is becoming a regulatory policy around the world.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

Supply Chain Network

OCTOBER 30, 2007

COSO – SARBOX – SUPPLY CHAIN FRAUD. The Committee Of Sponsoring Organizations (COSO) internal controls framework highlights the following 5 key components which are a useful guide for the detection and reduction of supply chain fraud. Other articles in this series: Understanding and Attacking Supply Chain Fraud.

Supply Chain Software 60

Supply Chain Software Supply Chain Vendor Strategies Cost Reduction Strategies 60

SCMDOJO

DECEMBER 11, 2023

These reports serve as navigational tools, offering insights into different facets of the procurement process. By assessing supplier performance metrics, such as on-time delivery, quality, and responsiveness, companies can identify high-performing partners and address issues with underperforming ones.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Contract Management systems can also provide insights as to outstanding terms and conditions, and which are out of line with corporate policies.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Arena Solutions

JUNE 5, 2023

We also have built-in analytics to help report out metrics to key stakeholders and Arena is really well integrated with other platforms such as CAD programs and ERP systems. We automate and we standardize regulatory workflows, so it really takes away a lot of that administrative burden that regulatory professionals are struggling with.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Analytics Software 52

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities. Accelerating value capture by leveraging digitisation, supplier management software, and spend analytics.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104