Supply Chain Shaman

JULY 25, 2021

of revenue on IT solutions and expensive solutions to improve performance, yet degrade balance sheet results against peer group sectors in tough markets? In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. The average hospital spends nearly 30% of its overall non-labor operating expenses on supply chain expenses. The Path to Supply Chain Excellence.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

NC State SCRC

JULY 23, 2017

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. Here are some of the areas where procurement has the opportunity to make an impact. Cash to Cash.

Expense Reduction 66

Expense Reduction Inventory Reduction Resource Reduction Price Reduction 66

Logistics Bureau

APRIL 3, 2023

To date, most of our content has covered topics related either to logistics or manufacturing outsourcing. Read on to learn how you can make your supply chain function with less cost, greater efficiency, and improved customer service —or perhaps all three—by handing off some relevant activities to an external contractor.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. This is particularly true in the food manufacturing industry, which characteristically has a high volume of products stored, and an urgent need to fill existing client orders to match ongoing consumer demand.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

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

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. Plus, find a comparison table of some free purchase order software and paid programs.

Procurement Solutions 52

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

Freightos

NOVEMBER 11, 2021

Maersk has unabashedly championed vertical integration for years, advocating an “end-to-end” strategy. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. And, not to be left behind, it’s also pursued a horizontal integration strategy, acquiring a growing fleet of airplanes.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

ShipBob

DECEMBER 13, 2023

Reduced spoilage and obsolescence: Critical for perishable or trend-sensitive products. These metrics provide valuable insights into how well your inventory is managed. How to monitor inventory turnover ratio: Calculation: Divide the cost of goods sold (COGS) by the average inventory value.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Logility

MAY 25, 2023

A recent study revealed that overstocks cost retailers a staggering global loss of $362.1 Despite these compelling figures, many manufacturers are still wrestling with inventory planning and optimization. It involves overseeing the entire inventory lifecycle—from purchasing and delivery to storage and dispatch.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

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. The transformational wave is slowly transforming the automotive industry from a focus on selling “rides” versus the purchase of an automobile.

Supply Chain Planning Software 199

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 199

Supply Chain Shaman

OCTOBER 29, 2020

In a win/lose relationship, one party gains at the expense of the other. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The company in an effort to reduce costs outsourced payments. True collaboration is systemic. My takeaway?

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

EMERGE App

APRIL 5, 2024

The picture of wholesale distribution industry in 2024 The report from Research and Markets forecasts that the wholesale market size will reach $68,092.65 You would think this cost would be small because it was separated into many components. Here are some most prominent ways for you to reduce warehouse costs.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Sourcing Strategies 52

Turvo

MARCH 1, 2022

Although there has been significant debate about how GSC management might help businesses create competitive advantages, the right distribution strategy has received less attention. Here, we describe how including a Collaborative TMS in your GSC and distribution strategy can help gain a competitive advantage for your business.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Expense Reduction 70

Supply Chain Game Changer

OCTOBER 14, 2022

But it being a common mentality doesn’t make it a winning strategy. Therefore, if you’re an entrepreneur and aren’t sure where to take your development strategy next, look no further than this network. Everybody should have a say in the proceeding, whether it’s the manufacturers, stockists, or suppliers. Reduced costs.

Supply Chain Software 99

Supply Chain Software Supply Chain Optimization Material Savings Supply Chain Strategy 99

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. 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. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Unleashed

OCTOBER 27, 2021

Global supply chain disruption, rapid technological evolution, changing buying and selling habits – wholesale distributors have had to deal with some rapid and radical changes over the past couple of years. That said, as we’ll see in the other trends in this report, COVID-19 has also been a transformational turning point.

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. I have found this to be true when working with many different manufacturers. Count the cost. Metrics for Action. These Metrics for Action are not intended for overall business analysis.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. Artificial intelligence (AI) is changing the game for online businesses.

Inventory Management Software 52

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

Enterra Insights

JUNE 24, 2022

They are: • Accuracy : “Barcodes eliminate manual entry of product information at receiving, meaning there are far fewer opportunities for error. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.”

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

ThroughPut

NOVEMBER 12, 2020

Not only do warehouses fulfill an essential buffer function and ensure cost-efficient distribution, their role as competitive advantage driven by digital innovations significantly enhances as they are also the last decisive step in serving the customer. Strengthening service levels by reducing lead times and boosting on-shelf availability.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

ThroughPut

JUNE 4, 2020

Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy. What is Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy. What is Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Claritum

JUNE 13, 2019

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I rapidly came to the conclusion that these articles were excellent at the helicopter view of the challenges, however seemed unable to apply categorisation to the challenges. Introduction.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

Unleashed

FEBRUARY 8, 2024

It gives you the accurate data you need to make the best decisions for your brand, and positions you to meet customer expectations while reducing the cost of doing business. Inventory tracking is an important element of inventory management because it helps you to optimise your supply chain , reduce costs, and increase revenue.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Logistics Bureau

JANUARY 7, 2020

Conversely, just 8% of businesses with less capable supply chains report above-average growth. 2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Supply Chain Strategy.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

OptiProERP

JANUARY 7, 2020

This blog is part of a three-part series on how cloud ERP enables manufacturers to achieve operational excellence. In the series, we also cover how cloud ERP helps manufacturers deliver a best-in-class customer experience and drive companywide value through adoption and digitization. It can be: .

Real-time Visibility 72

Real-time Visibility Optimal Sourcing Manufacturing Procurement Material Savings 72

GlobalTranz

SEPTEMBER 8, 2015

For example, the carrier may need to know how to handle delicate items, manage private and rented fleets, budget expenses, conduct international trade, ensure compliance to regulations, maintain safety, and make sure all KPIs align across the manufacturer-to-delivery route. Shipping Strategy. Operational Excellence.

Expense Reduction 120

Expense Reduction Cost Reduction Strategies Shipping Supply Chain Planning Software 120

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. In one article , Mr. Sorenson points out that IBP works better for small manufacturers than large ones. Dean Sorenson concurs. An analogy to peanut butter is often used.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 234

Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Resilinc

NOVEMBER 14, 2023

PFAS are also used in the photo-resistance process in semiconductor manufacturing. For example, if a company’s shipment gets stopped by customs at the border, they may be required to show where it was manufactured through proof of purchase orders and invoices. It’s a good start that the U.S.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

o9 Solutions

MAY 26, 2021

Stijn-Pieter van Houten, both Vice President, Industry Strategy, o9 Solutions. For CPG manufacturers changing volumes from modern trade (hyper/supermarkets) to e.g. discounters, e-Commerce. CPG manufacturers are scrambling to strengthen the connect with consumers and in some cases to bypass retailers altogether.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Modeling Material Savings 52

o9 Solutions

MAY 26, 2021

Stijn-Pieter van Houten, both Vice President, Industry Strategy, o9 Solutions. For CPG manufacturers changing volumes from modern trade (hyper/supermarkets) to e.g. discounters, e-Commerce. CPG manufacturers are scrambling to strengthen the connect with consumers and in some cases to bypass retailers altogether.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Supply Chain Planning Software Optimal Sourcing 52

OptiProERP

MARCH 16, 2022

That’s why it’s considered one of the top four problems in the manufacturing industry. That isn’t something you can quickly pull together for analysis using Excel or Google sheets. Surplus stock can cost you in at least two ways – labor to move it around, and utilities expense for the space where it is stored.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Optimal Sourcing Manufacturing Procurement 52