ToolsGroup

NOVEMBER 23, 2021

The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

LevaData

MAY 16, 2022

For procurement organizations, such questions are both troubling and difficult to answer. But there is a way—once procurement and sourcing move away from enterprise-specific systems and onto multi-enterprise shared marketplaces that connect buyers and sellers and against which smart data analytics and AI can be thrown.

Purchasing Skills 80

Purchasing Skills Negotiate Pricing Negotiating Skills Price Reduction 80

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. Model building.

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

Precoro

JANUARY 30, 2023

As a company slowly grows, purchase management becomes more and more complicated. The need to manually create, store, manage, and analyze the ever-growing purchase orders and all associated documents can be pretty cumbersome. Read on to learn what PO software is and its benefits, must-have features, and examples.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

RFgen

APRIL 12, 2024

Therefore, the goal is to optimize cost to optimize profits and catalyze growth. To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Next is the cost of storing the inventory.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

Claritum

JULY 16, 2019

Claritum Article - Procurement Blog. The purchase of goods and services can be split into two primary procurement domains: The Strategic Core purchases that enable an organisation to produce their product or service (called Strategic Spend by many organisations). Seeking savings and purchasing efficiencies.

Procurement Analytics 32

Procurement Analytics Procurement Solutions Procurement Analytics Software 32

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. around the globe?—?and

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

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GlobalTranz

MAY 25, 2018

Although not subject to the risk of cybersecurity, the costs of manual processes and systems management can be up to 31-times greater than those of digital systems, reports informIT. Download white paper. For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

Resilinc

OCTOBER 23, 2023

Do you currently work primarily with Life Sciences clients at Resilinc? I have nearly 30 years of experience as a global procurement and supply chain leader in High-Tech and Life Sciences. Of those alerts, 60% typically had some kind of impact reported by a supplier.

Pharmaceutical 53

Pharmaceutical Manufacturing Procurement Material Savings Supply Chain Strategy 53

BlueYonder

MARCH 30, 2023

Have you had a chance to check out the Incisiv 2023 Omni-Channel Experience Index report ? Let’s briefly look at the four key areas: Inventory Visibility and Accuracy With digital becoming the first point of customer interaction in more than 90% of purchases, inventory visibility and accuracy are the top experience priorities for retailers.

Real-time Visibility 85

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 85

Supply Chain Matters

JUNE 21, 2022

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. This Year’s Report Themes and Key Messages.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

Claritum

JANUARY 8, 2017

Claritum Article - Procurement Blog. We’ve compiled a list of some of the best must read procurement white papers and analyst reports (in no particular order of importance or preference) covering a variety of topics such as supply chain management, tail spend and the future and digitization of procurement.

Procurement Analytics 39

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Resilinc

MAY 30, 2023

On February 10, 2023, the FDA reported a shortage of carboplatin and cisplatin: two critical chemotherapy drugs needed to treat ovarian cancer and testicular cancer, respectively. Homeland Security Report on Drug Shortages In March 2023, Homeland Security & Governmental Affairs released a report on the risks of these drug shortages.

Material Savings 62

Material Savings Manufacturing Procurement Pharmaceutical Procurement Analytics 62

GlobalTranz

OCTOBER 5, 2018

The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. individuals over the age of 15 at some point use e-commerce platforms to make purchases, asserts Business Insider. Download White Paper. In fact, 78% of U.S.

Modeling Software 196

Modeling Software Sourcing Strategies Cost Reduction Strategies Supply Chain Planning Software 196

Supply Chain Game Changer

APRIL 22, 2022

Your direct competitors – companies that offer similar products and services – will probably already offer users to download their application. . The mobile application allows you to immediately work with a hot target audience: those who download it are already familiar with the brand and are interested in your services.

Supply Chain Design Software 82

Supply Chain Design Software Procurement Solutions Analytics Software Procurement Analytics 82

Vanguard Software

MAY 4, 2021

Download White Paper. Some basic assumptions might include: Number of buyers in the target market Percentage of consumers in the target market that will purchase The timing of their purchase, taking economic cycles and holidays or seasonal events into account Pattern or frequency of repeat or replacement purchases.

Forecasting 52

Forecasting Forecasting Software Supply and Demand Modeling 52

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. It ties into the ERP system where quotes and purchase orders are managed. IM&E companies need to start looking at digitizing operations. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

GlobalTranz

AUGUST 8, 2018

Business-to-business (B2B) purchasers have a stake in ensuring B2B suppliers, partners, and distributors can fulfill orders and provide enough information about such transactions to meet end-user demands. In other words, the same demands of consumers exist in B2B purchasers. DOWNLOAD WHITE PAPER. Decreased shipping costs.

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Supply Chain Software Supply Chain Strategy 120

HICX Solutions

JANUARY 31, 2019

In this article, experts identify which steps in the procurement process are most likely to benefit from the AI revolution. One of the main uses for artificial intelligence in procurement is to meld internal and external data to provide enhanced supplier risk management. For example, AI-powered auction and negotiation bots.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Negotiate Pricing Material Savings 40

Multichannel Merchant

MARCH 17, 2020

Major DTC brands including Glossier, Allbirds, Cuyana, Patagonia and Warby Parker were among the first to close their stores late last week amid worsening fears and shutdowns in response to the growing coronavirus outbreak, according to reports. Walmart Grocery, for example, went from 20,000 daily downloads on Feb.

Procurement Analytics 98

Procurement Analytics Seattle Supply Chain Planning Software Vendor Strategies 98

Vanguard Software

MAY 4, 2021

Some basic assumptions might include: Number of buyers in the target market Percentage of consumers in the target market that will purchase The timing of their purchase, taking economic cycles and holidays or seasonal events into account Pattern or frequency of repeat or replacement purchases. Produce a range of forecasts.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

DELMIA Quintiq

DECEMBER 2, 2019

Retailers are currently charging customers only 80 percent of the overall delivery costs, which happens to be the most expensive part of the retail supply chain. Supply Chain Dive reports that the last leg of a journey can account for up to 28 percent of a product’s total transportation costs.

Eliminating Excel in Purchasing 156

Eliminating Excel in Purchasing Supply Chain Planning Software Purchasing Skills How To 156

Precoro

JULY 18, 2022

Even more, 82% of finance departments report being overwhelmed by the number of invoices they have to process daily and are further exhausted by the variety of formats these invoices are received in. It improves cash flow, drives additional savings, and helps procurement organizations make the most of dynamic discounting opportunities.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

Supply Chain Game Changer

SEPTEMBER 30, 2020

Some procurement professionals can quickly identify their key, or champion, supplier partners. Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Who are our best suppliers?

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

Freightos

JUNE 28, 2017

A White House report from 2016 estimated that 80%-100% of long-haul trucking jobs may be threatened by artificial intelligence. Experts predict that in many industries, technology will start working it’s way through managerial and professional positions. How does such optimism reconcile with that White House report?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Predictive Analytics Software Supply Chain Software Forecasting Software 120

Intelligent Audit

JUNE 29, 2021

To ensure that this particular type of product is delivered successfully, thorough data tracking and logistics analytics are essential. Knowing other details such as the latest product and pricing information, pharmacy inventory, and drug purchase history of the consumer aids companies in mitigating mistakes, ensuring stability.

Pharmaceutical 52

Pharmaceutical Prescriptive Analytics Software Shipping Analytics Software 52

Intelligent Audit

JUNE 29, 2021

To ensure that this particular type of product is delivered successfully, thorough data tracking and logistics analytics are essential. Knowing other details such as the latest product and pricing information, pharmacy inventory, and drug purchase history of the consumer aids companies in mitigating mistakes, ensuring stability.

Pharmaceutical 52

Pharmaceutical Prescriptive Analytics Software Shipping Analytics Software 52

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. Download Case Study. If the inventory levels are not reported accurately, the whole organization’s ordering and replenishment processes are in jeopardy.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

Procurement Solutions Optimal Sourcing Baltimore Analytics Software 40

EcoVadis

APRIL 14, 2016

What an immense showing of commitment to sustainable procurement we witnessed Tuesday for Sustain16! A wide diversity of roles were represented from CPOs, purchasing, and CSR directors alongside human rights advocates and industry experts. Although shame works well, its the data that matters, for example benchmarking of suppliers.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 40

ShipBob

MAY 22, 2023

In the example UPS shipping label above, “P/P” means the shipping label has been pre-paid. You’ll want to fill out the shipping label template, download it, print it, and attach it to your parcel. For example, Shopify has a free shipping label template tool. For example, accessory brand Ocean & Co.

Shipping 98

Shipping Logistics Network Optimization Software Analytics Software How To 98

6 River Systems

AUGUST 19, 2020

Leverage big bata, analytics and optimization Supply chains were driven by numbers and statistics for a long time. Quantifiable performance indicators were always considered key metrics by supply chain executives. The post 5 supply chain management tips for retail for sustained profitability appeared first on 6 River Systems.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Analytics Software Sustainability 59

crisp

MARCH 24, 2022

They can purchase (expensive) syndicated data, but that involves multiple players, multiple reports, and infrequent updates. After identifying these target areas, you can download store lists from Crisp to follow up with their marketing teams, advertisers, and buyers. Crisp was built to bridge the gap once and for all.

Retail 98

Retail Data How To Supply Chain Planning Software 98

Intelligent Audit

MAY 4, 2021

As reported by to Jake Wertner of Parcel Industry , “ Sourcing relationships with these carriers can provide time-in-transit advantages as well as reduced costs; however, these benefits can be mitigated if one isn’t mindful of national carrier terms and individual package and distribution characteristics, among other factors.

Resource Reduction 59

Resource Reduction Price Reduction Cost Reduction Strategies How To 59

Veridian Solutions

DECEMBER 17, 2018

The High Costs of Returns in E-Commerce More than $400 billion worth of merchandise will be returned following the 2018 holiday shopping season, notes Retail Dive, and that figure will swell to more than $550 billion by 2020. In addition, returns from online purchases have a notoriously high rate, often cited at 30 percent.

Expense Reduction 45

Expense Reduction Cost Reduction Strategies Procurement Analytics Purchasing Skills 45

6 River Systems

NOVEMBER 30, 2020

Today’s warehouses implement solutions such as collaborative mobile robots , automated picking solutions , warehouse analytics and warehouse management systems (WMS) to increase efficiency and accommodate demand. These cost savings can translate to lower prices for goods and services for consumers.

Warehousing 52

Warehousing Supply Chain Software Analytics Software Price Reduction 52