GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? This increases employee morale.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Provenance

SEPTEMBER 9, 2019

“66% of consumers are willing to pay more for sustainable products but most organizations don’t know the farmers they source from, let alone their impact.” – Kahlil Baker, CEO and Founder, Farm-Trace. It’s a big, wide world out there – and there’s a lot to document and verify. . Shoppers want proof, so our platform demands it.

Analytics Software 74

Analytics Software Sustainability Demand Planning Software Procurement Analytics 74

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

QAD

JULY 7, 2022

The European Commission published the proposal for a Corporate Sustainability Due Diligence draft directive in February 2022. Consumers are increasingly expressing interest in ethical sourcing and environmental impacts related to the products they purchase. found that consumers would stop purchasing brands with ethics issues.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

Locus

APRIL 13, 2023

Advanced analytical insights: With advanced supply chain analytics from Locus’ offerings, businesses can solve many inefficiencies, complexities, and bottlenecks that make their last-mile delivery expensive. This minimizes the number of delivery vehicles assigned and makes last-mile deliveries more sustainable and efficient.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

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. Focus on sustainability.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

OptiProERP

MARCH 15, 2022

The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time. Purchasing receives information on inventory needs. Production managers can quickly report on plant floor performance. Reduced Costs. What Does the Production Schedule Do?

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

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

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

Enterra Insights

SEPTEMBER 16, 2019

Consumers, activists, and investors increasingly want to know the products they buy are sourced sustainably and ethically. Jennifer Furey and Rebecca Harris, attorneys at Goulston & Storrs, report, “Millennials are expected to inherit approximately $30 trillion in assets over the next 30 to 40 years. ”[2].

Supply Chain Design Software 174

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 174

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. Value of goods : Repurposing returned goods helps manufacturers increase the value of goods or the sustainability of the supply chain – or both. What steps make up the reverse logistics process?

Reverse Logistics 98

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

Talking Logistics

JUNE 22, 2015

According to the press release : The proposed standards are expected to lower CO2 emissions by approximately 1 billion metric tons, cut fuel costs by about $170 billion, and reduce oil consumption by up to 1.8 billion barrels over the lifetime of the vehicles sold under the program. I’ve highlighted other case studies over the years.

Vendor Strategies 100

Vendor Strategies Cost Reduction Strategies Price Reduction Procurement Analytics 100

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. customer satisfaction.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

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. Now, they’re going to ask you for your quality documents, your manual, your policy, your org chart, procedures. They’re really hard to document.

Quality 52

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

Unleashed

DECEMBER 20, 2022

Covered In this Business App Guide: Apps for your clients’ tech stack Accounting apps Lightyear Lightyear is a purchasing and accounts payable automation platform which was established in 2017. Syft Analytics Syft Analytics is an AI-powered forecasting tool that reviews, analyses, and predicts financial data.

Forecasting Software 98

Forecasting Software Inventory Management Software Analytics Software Predictive Analytics Software 98

GlobalTranz

OCTOBER 27, 2015

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Implementing and sustaining LEAN initiatives : 5S, Kaizen, Kanban and LEAN Six Sigma to bring value to the customer and go beyond their expectations. If times, or activities change, the KPIs should also change.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Unleashed

JANUARY 4, 2024

Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers. If you’re looking to sell a product that’s already been established in the market, purchasing in bulk from a wholesaler can be a good option. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Unleashed

MARCH 5, 2024

Data insights: eCommerce automation software generates better reports in – less time – when compared with manual processes. Supply chain management Manage supplier contact information and interactions ; automatically deliver key documents; synchronise systems with external providers; automatically reorder materials when required.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Pivot88

JULY 13, 2022

We have seen this in the US with the NY State Fashion Act and the UFLPA as well as in the EU with the Circular Economy Package, with proposed rules on making sustainable products the norm. Collecting this documentation can be a substantial drain on resources – but we’re here to help! Robust Vendor Compliance Program.

Procurement Analytics 52

Procurement Analytics Purchasing Training Retail Purchasing Skills 52

SCMDOJO

MARCH 7, 2023

It could span from purchasing-related processes like RFQ management and Purchase Order Management to Sales and Marketing or Engineering Change management processes as well as the Hiring process and many more. Documentation of the future state is the first step towards implementation.

Supply Chain Software 88

Supply Chain Software Waste Reduction Agile and Lean Supply Chain Supply Chain Optimization 88

ShipBob

JUNE 18, 2023

Tracking beginning inventory is important for businesses so they can manage stock levels, manage on-hand inventory, and make informed decisions about purchasing more inventory. However, a retailer’s beginning inventory is made up of products that are available for consumers to purchase.

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

ShipBob

NOVEMBER 15, 2021

The goal of logistics planning is to build a lean and cost-effective logistics operation that can achieve service levels at all times and withstand supply chain disruptions. But once you get established, logistics planning helps ensure that your business can continue to grow and sustain itself. Procurement and manufacturing.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

GlobalTranz

JANUARY 23, 2018

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Perfect orders are just that, perfect.

Supply Chain Software 191

Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy Logistics Network Optimization Software 191

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Sustainable supply chains. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Accessing systems and documents anywhere in the world. Inventory Analytics. Read more: The 10 Procurement Metrics that Matter in 2021.

Inventory Management Software 80

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

Unleashed

MARCH 24, 2024

Control the process by determining its success and ensuring sustainability. Takt Time Takt time is a metric which measures how many units you will need to produce each day to meet customer demand, without overstocking or under delivering. Purchasing excess materials. Those are: Sort Straighten Shine Standardise Sustain 15.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

3rdwave

JANUARY 23, 2019

A best-case analog scenario is that information is maintained in “Word”, spreadsheet, or PDF documents. Digitization is more than email or a scanned document. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. Analog information is mostly static.

Logistics Network Optimization Software 86

Logistics Network Optimization Software Transportation Optimal Sourcing Logistics 86

Unleashed

MARCH 14, 2021

Instead of a dedicated team managing supplier relationships, it might be the procurement manager who manages that as part of their role. It requires carriers to install an electronic logging device to document the driver’s service hours daily. Convenience is no longer the main driving force behind purchasing decisions.

Supply Chain Software 97

Supply Chain Software Food Manufacturing Procurement Gartner 97

Supply Chain Game Changer

JANUARY 20, 2020

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Perfect orders are just that, perfect.

Supply Chain Software 62

Supply Chain Software Agile and Lean Supply Chain Logistics Network Optimization Software Supply Chain Strategy 62

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

HICX Solutions

NOVEMBER 29, 2022

As Adam Brown , Managing Director, Procurement Strategy & Digital Transformation at Maersk , points out in a recent interview with HICX, “The sheer multitude of touchpoints for suppliers when transacting with many large enterprises can create confusion and inefficiencies.”?. Have I got a purchase order? Where do I send the invoice?

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Resource Reduction 52

GlobalTranz

JUNE 1, 2015

Overhead costs are excessive (due to systemic disorder). Inventory records, product specs, shipping documents contain errors. In addition, establishing a well-rounded set of metrics, set up self-monitoring metrics that hold individuals accountable for tracking their own levels of participation in the lean program.

Manufacturing Procurement 120

Manufacturing Procurement Waste Reduction Agile and Lean Supply Chain Inventory Reduction 120

Supply Chain Game Changer

NOVEMBER 15, 2018

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Perfect orders are just that, perfect.

Supply Chain Software 49

Supply Chain Software Agile and Lean Supply Chain Logistics Network Optimization Software Supply Chain Strategy 49