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. Business Spend Management Solutions are Networked .

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. In many cases, new companies start with simple sourcing to get the procurement process rolling.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. What is order processing?

Inventory Management Software 52

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

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? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Unleashed

OCTOBER 23, 2023

Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals. Production planning is the process of developing a strategy for the production of a company’s products and services. What is a production plan?

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Precoro

FEBRUARY 12, 2024

You’ll learn how liquidity impacts working capital and the role it plays in attracting outside funding, understand liquidity ratios, and discover the best practices for building a liquidity management strategy. There’s a toolkit of metrics to help the treasury department understand the level of liquidity.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

RFgen

JANUARY 18, 2024

TL;DR: This article provides a comprehensive guide on migrating to a cloud-based ERP (Enterprise Resource Planning) solution. The article also outlines the roles and responsibilities during the migration process, factors to consider when choosing the right ERP solution , and the critical steps involved in the migration process.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72

Unleashed

JANUARY 4, 2024

This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell. Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

QAD

FEBRUARY 7, 2023

Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Unleashed

SEPTEMBER 28, 2023

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. To better predict future demand for products, track and analyse historical data using inventory management software. This guide explains all you need to know about dead stock. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Locus

APRIL 13, 2023

This newly-added focus has pushed companies to invest in logistics software that helps them improve their delivery process and make it more customer-friendly. So, if your business is looking for the top logistics software companies, you’ve come to the right place. Let’s dive in!

Logistics Network Optimization Software 52

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

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Unleashed

OCTOBER 5, 2023

It can involve employing technology such as barcode scanners, inventory management software, and automated systems to enhance accuracy and speed in handling goods. Warehouse management systems A warehouse management system (WMS) is a software tool designed to improve the efficiency with which a warehouse is operated.

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 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 also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

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

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

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. A production schedule is a document that tells manufacturers which goods need to be produced, when they need to be produced, and the production methods.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Arena Solutions

OCTOBER 12, 2023

A QMS typically aligns with your product lifecycle management (PLM) solution and your product innovation goals. With over 25 years of quality expertise, Christine has worked with many top firms assisting, advising, and setting up their internal auditing strategies. If you have a QMS solution in place, you have an advantage.

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

Supply Chain View from the Field

NOVEMBER 6, 2015

The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM.

Procurement Analytics 60

Procurement Analytics Procurement Solutions Analytics Software Optimal Sourcing 60

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

Precoro

FEBRUARY 27, 2023

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. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

ToolsGroup

SEPTEMBER 20, 2022

That’s why companies in the manufacturing sector are shifting from reactive to data-driven maintenance strategies. As competition increases, companies worldwide focus on delivering quality products through lean manufacturing strategies. One study found that 51% of consumers prioritize product quality over price when making purchases.

Manufacturing Procurement 156

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

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. Part of an overall supply chain management strategy, SRM focusses on optimising efficiencies and creating value for all stakeholders. Supplier strategy development. Supplier strategy execution.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

OptiProERP

MARCH 15, 2022

This process includes developing strategies for the allocation of machinery, human resources, and production material. 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. Connectivity.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Unleashed

APRIL 12, 2023

B2B procurement contracts can last for prolonged periods and be worth millions of dollars. B2C may result in a one-time only purchase by a customer compared to long-standing orders for B2B fulfillment. B2B fulfillment offers product pricing based on the needs and requirements of the purchasing business.

Supply Chain Planning Software 52

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

Arena Solutions

OCTOBER 5, 2023

That’s why smart companies with reputable brands take a holistic approach to achieving and maintaining product quality—they conduct internal audits as part of their quality management strategy by following compliance regulations before they become issues. And 46% of consumers are willing to pay more for a brand they trust.

Quality 52

Quality Optimal Sourcing Supply Chain Planning Software Sourcing Strategies 52

Supply Chain Game Changer

MAY 27, 2022

When we analyze the brand strategies behind one of the most popular brands like Google, Apple, Tesla , Disney, and many others, we find all of them include essential elements that, when combined, make a successful brand strategy. These examples demonstrate the essential elements for making an effective brand strategy.

Sourcing Strategies 90

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

GlobalTranz

MARCH 23, 2016

Then, the team assigns responsibility for the action required to reach the desired solution. All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ Practices and learns how to apply Lean tools. that has no end.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). The information received can be checked for accuracy with the company’s inventory software. This allows for inventory to be viewed in “real time.”.

Warehousing 112

Warehousing Inventory Reduction Predictive Analytics Software Supply Chain Software 112

Taulia

MARCH 22, 2023

For buyers looking to unlock this cash and put it to work, there are many different tools and strategies available, from extending payment terms to securing financing for receivables. Or it could mean leveraging the power of AI to extend the cash forecasting process all the way down to the purchase order level.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Vendor Strategies Forecasting Software 52

Supply Chain Game Changer

AUGUST 30, 2021

They will understand more about improving processes and learn some techniques and tools they can employ in their future careers. The authors document the advantages of lean production over mass production and offer guidance to leaders in every industry wanting to transform traditional enterprises with lean production. Conclusion.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

GlobalTranz

JANUARY 23, 2018

Digital technologies are becoming more prevalent in basic supply chain functions, and changes in legislation are likely to spur dramatic changes that will result in the need to reevaluate supply chain strategy in both domestic and international locations. Perfect orders are just that, perfect. Service Supply Chains Will Dominant the Market.

Supply Chain Software 191

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

ShipBob

NOVEMBER 15, 2021

Like any strategy or contingency plan, it helps protect your business from unanticipated challenges. When you have a strategy for executing your logistics, you won’t be tempted to panic and settle on a more costly solution for the sake of convenience. Procurement and manufacturing. Meet customer demand quicker.

Supply Chain Planning Software 98

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

ModusLink Corporation

MARCH 29, 2022

In e-Commerce, customer data is usually stored within big databases that accurately store all data of previous purchases. The innovative and advanced CRM software that is currently out in the market has shown to be of immense benefit to many E-Commerce businesses as a result. Value Feedback.

Optimization Software 78

Optimization Software Logistics Network Optimization Software Procurement Analytics Procurement Solutions 78