Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Despite spending 1.1%

Supply Chain Planning Software 369

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 369

Logistics Viewpoints

JANUARY 30, 2023

Afterall, port congestion has cleared, transportation costs have gone down, we are seeing far fewer product shortages, and the looming recession will likely take some of the pressure off hiring and retention woes. Apple provides a prime example. It is not just US tool manufacturers that are affected.

China 247

China Supply Chain Design Software Supply Chain Software Predictive Analytics Software 247

Supply Chain Shaman

MAY 1, 2023

We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. While companies build Supply Chain Centers of Excellence, most are not clear on what good looks like. Let me give you an example. In Table 1, I share an example. The other issue?

Inventory Reduction 270

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 270

Supply Chain Shaman

AUGUST 20, 2023

For example, a good way to start the unlearning journey is by understanding why 93% of decisions during the pandemic were made on Excel spreadsheets. The focus of today’s architecture is on manufacturing. In the current planning architecture, transportation and procurement operate in isolation. The problem?

Optimal Sourcing 343

Optimal Sourcing Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 343

Logistics Viewpoints

MARCH 9, 2023

Commerce is global and regional at the same time, the world is getting smaller and more interconnected, and Consumer Packaged Goods (CPG) manufacturers operate in this build-anywhere and sell-anywhere market. The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable.

Supply Chain Planning Software 203

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 203

Unleashed

NOVEMBER 26, 2020

How to calculate Safety Stock levels in Excel. You can calculate safety stock levels in Excel by setting up your spreadsheet as per the image below. The safety stock formula can be calculated in Excel with a simple table. Safety stock levels for manufacturers. 2 is the number of the row for that SKU.

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

Logility

AUGUST 12, 2021

For example, shoppers had limited access to fresh produce, meats, and fish due to shortages and disruptions in logistics and delivery services. The key to creating an effective market-driven demand plan so that food manufacturers can build resilience is access to rich forecasts based on inputs from multiple sources.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

Supply Chain Shaman

AUGUST 18, 2022

At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. This large food manufacturer used a popular technology to forecast monthly using orders as an input. The strategy day owner was a global process center of excellence leader. The result? Background.

Supply and Demand 259

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 259

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. What is Manufacturing?

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Supply Chain Shaman

NOVEMBER 21, 2022

So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. Self-driving supply chains are an example. “ Reflection.

Supply Chain Planning Software 328

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 328

Logility

DECEMBER 15, 2023

In this article, we will cover examples and key factors that push businesses to build that supply chain resilience they need. Excellence in all these areas requires predicting demand, buying supplies, producing products promptly, and swiftly responding to market demand.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. The focus of the transportation suites was on cost mitigation and price negotiation. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 315

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 315

Logistics Viewpoints

MAY 16, 2022

A company buys these solutions to optimize their business. Rich Sherman – a Senior Fellow in TCS’s Supply Chain Center of Excellence – points out that many companies are building control towers to better manage their supply chains. That is how enterprise and supply chain software solutions work.

Supply Chain Planning Software 214

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 214

Supply Chain Shaman

JUNE 21, 2023

For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical.

Gartner 391

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 391

Unleashed

MAY 24, 2021

Sustainable manufacturing is at the forefront of good manufacturers’ plans. This article will take a look at what is sustainable manufacturing, some examples across various industries, and how SMEs can plan for sustainable manufacturing. What is sustainable manufacturing?

Manufacturing Procurement 98

Manufacturing Procurement Sustainability Manufacturing Waste Reduction 98

Supply Chain Shaman

NOVEMBER 15, 2023

PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. For example, only 22% of medical device products complied with GS1 standards during the pandemic. Align Transportation Planning and Distribution Requirements Planning (DRP).

Supply Chain Planning Software 413

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 413

Supply Chain Shaman

DECEMBER 11, 2018

While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. Examples include Hadoop, Kafka, and Apache Spark. . Makes us wonder if we should even manufacturer products in traditional ways? This reality?

Supply Chain Planning Software 203

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 203

Supply Chain Shaman

DECEMBER 4, 2019

The network of networks share group has included manufacturers like BASF, Berry Plastics, Dow, Grace, Evonik, Intel, MARS, P&G, and Schneider Electric. Over the last decade, this increased by 15% in manufacturing and 25% in transportation. A large manufacturer that we work with has 293 ALEIs. However, it is not easy.

Supply Chain Network Software 199

Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 199

Supply Chain Game Changer

SEPTEMBER 15, 2021

Manufacturing SMBs article and permission to publish here provided by Alina Akk. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. You can’t manufacture shiny new goods without raw materials, after all. Subscribe Here! Email Address.

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

Supply Chain Shaman

SEPTEMBER 13, 2021

For example, Distribution Requirements Planning (DRP) has very little to do with Transportation Planning (TMS). Trade-offs include options like an alternate bill of materials, a shift in sourcing, or the move to outsourced manufacturing. Transportation Reliability. The slowdown in ocean transport is a rude awakening.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. RPA is an excellent tool for automating laborious processes currently executed manually.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

JUNE 23, 2020

I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. 06/2020 Kinaxis buys Rubikloud for 60M$. Procurement and transportation operated as islands. Over 40% of the manufacturing is outsourced, and we have not automated networks. They did it.

Supply Chain Design Software 304

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 304

Logistics Viewpoints

OCTOBER 31, 2022

Among other things, ZF manufactures electrified powertrains, car chassis technology, active and passive safety systems, and advanced driver assistance systems. ZF offers product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF’s Digital Supply Chain.

Agile and Lean Supply Chain 201

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 201

Supply Chain Shaman

MARCH 21, 2022

The Port of Shenzhen –a central manufacturing and export hub including the Yantian terminal that handles 25% of all U.S.-bound Still, the manufacturing plants and distribution centers are closed. Yet, transportation optimization products focus on managing price, not constraints. Taiwan manufacturers 60% of global semiconductors.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

Supply Chain Shaman

DECEMBER 30, 2021

Background on Ocean Transport. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). For example, Ariba does not interoperate with Elemica, GT Nexus does not interoperate with Nulogy, and E2open does not interoperate with 3PL networks.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 195

QAD

NOVEMBER 10, 2022

It has most definitely impacted how people buy products of all types and in all industries. For example, manufacturers have had to alter business models to be able to accommodate the change in consumer behavior. However, at the same time, the technology of better data management is most definitely helping manufacturers as well.

Sustainability 98

Sustainability Manufacturing Procurement Purchasing Skills Optimal Sourcing 98

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

For example, companies can track products throughout the entire lifecycle with RFID and GPS sensors. Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Responsible for 8% of global greenhouse gases, the fashion industry is a major polluter, especially with the onslaught of “fast fashion”, where people will buy clothes for an Instagram photo and then never wear them again. Leadership Excellence for the Digital Age – LogiSYM January/February 2018. MORE FROM THIS EDITION.

Supply Chain Software 231

Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software Demand Planning Software 231

Talking Logistics

FEBRUARY 24, 2015

Now more so than ever, corporations understand the tremendous impact logistics and transportation can have on their overall business performance and are taking meaningful strides to optimize their supply chain operations. In the United States alone, 3PL gross revenue increased 3.2% (a rate greater than our GDP) from 2012 to 2013 to $146.4

Transportation Management 100

Transportation Management Optimal Sourcing Logistics Network Optimization Software Sourcing Strategies 100

Precoro

NOVEMBER 7, 2022

Continuing in the line of food establishment examples, let's consider a local family pizzeria that you visit after a long day at work. What different products or services does the staff need to purchase in order to produce pizza? Typically, direct purchases are made in large quantities to get a bulk discount.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

MAY 30, 2019

Here are some examples: Disruption. Meanwhile, turbulence is the norm for manufacturing supply chains. For example, Friday, I spent an hour on the phone with Bonvoy (the new Marriott branding) to get disconnected three times. At the end of the day, customers buy based on value not on the cool factor of the technology.

Inventory Reduction 207

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 207

ThroughPut

MAY 16, 2024

Note that supply chain optimization goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. This opens up avenues to save procurement, transportation, inventory, and warehousing costs. What Does Supply Chain Optimization Involve?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

Holds a Fellow of the Chartered Institute of Logistics and Transport and holds a Global MSc. In 2017 I also assumed responsibility for Field Services and in 2019 Data Excellence & Analytics embracing digital transformation driving our Tailored, Sustainable and Connected 4.0 Stuart is a British national, married with three children.

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

Supply Chain Insights

JANUARY 18, 2018

Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible. Manufacturers and retailers are bundling goods and services to drive solutions. The differences between retailers and manufacturers will continue to blur.

Prescriptive Analytics Software 197

Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 197

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Unleashed

OCTOBER 6, 2021

Under a VMI system the supplier, usually a manufacturer, is responsible for optimising the level of inventory held by the distributor. It may also be useful to use KPIs for your most important suppliers – for example KPIs for goods and services are delivered, whether they are on time, and whether they meet quality expectations.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95