Supply Chain Shaman

FEBRUARY 14, 2022

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3. My challenge?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. These are our weakest links.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Pushing the Supply Chain Reset Button by Lora Cecere , Founder, Supply Chain Insights Supply Chain Leaders Can’t Afford to Guess About the Future The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. Focus on right-sizing inventories.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Shaman

JANUARY 31, 2022

Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Less Collaborative.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

AIMMS

NOVEMBER 12, 2019

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.

Procurement Solutions 156

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 156

Supply Chain Shaman

FEBRUARY 7, 2022

Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

The Logistics & Supply Chain Management Society

APRIL 19, 2023

Through trade, countries are able to buy agri-food produce from other parts of the world that are not able to grow efficiently on their own land (or region) or are not in season. These cycles are based on the position away from the equator, creating four seasons: winter, spring, summer and autumn.

Waste Reduction 130

Waste Reduction Food Resource Reduction Price Reduction 130

Supply Chain Shaman

NOVEMBER 6, 2016

The third issue is the lack of understanding that global processes–to maximize the economies of scale in transportation and material buying–need strong governance. When it comes to governance, there is no one-size-fits-all, but in the absence of the definition of governance, nothing works very well.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Scenario Planning 150

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Supply Chain Shaman

MAY 18, 2019

Dependency on Excel. Due to the shortfalls in the evolution of Advanced Planning, 68% of business users use Excel spreadsheets as the primary mechanism for planning. Excel–while widely used for planning–is not equal to the challenge of modeling complex supply chains. Don’t rush to buy. Governance.

S&OP 176

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 176

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). In the past 15 or so years, the US, which is known for its complicated and expensive healthcare system, has taken some steps towards value-based purchasing.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools.

Supply Chain Planning Software 52

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

Unleashed

JULY 25, 2021

Improving food inventory control. The simplest approach to reducing food waste is to optimise inventory control. Effective inventory control can prevent food waste by helping limit the volume of surplus food generated, reduce overstocking, and improve overall food waste management. Commercial composting.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. A value network governed and defined by customer segmentation and a clear understanding of what drives value for the customer.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

BlueYonder

JANUARY 23, 2023

In fact, the buy online pickup in store (BOPIS) and delivery options have added to the frontline workers list of tasks to be completed. We all know that one of the Top 2 expenses on a company’s P&L is labor (inventory being the other) and retailers have typically experienced 100%+ annual turnover in hourly workers in non-pandemic times.

Inventory Reduction 84

Inventory Reduction Price Reduction Expense Reduction Cost Reduction Strategies 84

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Data Quality and Governance : Ensuring the quality and consistency of data is paramount.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Enterra Insights

OCTOBER 26, 2022

From supporting cutting-edge cancer research to helping businesses track their inventory, machine learning and AI offer the ability to disrupt and enhance our existing processes in virtually every segment of society.”[1]. ”[1]. If you think their rhetoric is hyperbolic, think again. Tech journalist Christian Rigg agrees with Wang.

Predictive Analytics Software 264

Predictive Analytics Software Analytics Software Optimization Software Material Savings 264

BlueYonder

NOVEMBER 30, 2012

At a recent industry conference, I asked my 80-plus audience to raise their hands if they were “OK” with the current status of their performance measurement governance practices – including Metrics Identification, Measuring, Tracking, and Controlling. Only three managers raised their hands.

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Lean Government Waste Reduction 51

SCMDOJO

JUNE 21, 2023

Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

RFgen

MARCH 6, 2017

Poorly managed stocks of inventory can devastate a company’s bottom line. Do you know how much inventory you have, whether it’s in your office, warehouse or in the field? Inventory management is a top business process that, if not tracked correctly, can irreversibly damage companies. You should. It’s Costly.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Procurement Solutions 52

RFgen

MARCH 6, 2017

Poorly managed stocks of inventory can devastate a company’s bottom line. Do you know how much inventory you have, whether it’s in your office, warehouse or in the field? Inventory management is a top business process that, if not tracked correctly, can irreversibly damage companies. You should. It’s Costly.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Inventory Procurement Solutions 52

Supply Chain Shaman

MAY 1, 2014

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. This precipitous drop in margin hurts. Companies are feeling pain.

Supply Chain Planning Software 289

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 289

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Brand loyalty is no longer the driver for consumer purchasing decisions. People simply want to purchase products from businesses which provide a more transparent and streamlined service, and who deliver on their customer promise, even if it means inflated prices to obtain it.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Resilinc

MARCH 22, 2023

Not only does it affect supply, procurement, and purchasing, but it also impacts sales, marketing, and human resources. It should be considered at the same level as innovation, sustainability, operational excellence, compliance, and strategic planning. Currently, most companies do not discuss operational resilience in this way.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Purchasing Skills Network Design Software 62

Unleashed

JANUARY 4, 2022

A subset of eCommerce, social commerce supports engagement with consumers, and elicits user-generated social contributions to assist the buying and selling of products and services online. The ease of voice shopping directly influences consumer searches and as a result, purchase outcomes.

Trends 98

Trends Modeling Software Predictive Analytics Software Supply Chain Planning Software 98

crisp

APRIL 21, 2023

But becoming a B Corp is about more than a desire to improve the world: to earn the certification, companies must pass the B Impact Assessment , a comprehensive assessment that measures a company’s performance in five areas: governance, workers, community, customers, and environment.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Supply Chain Design Software Modeling Software Food 52

Unleashed

JANUARY 25, 2021

The purpose of a purchase order. Purchase orders are a crucial part of your purchasing processes. Purchase orders (PO) document the purchasing part of your inventory management system and are legally binding documents. How do you create a purchase order template?

Procurement Solutions 90

Procurement Solutions Purchasing Skills Eliminating Excel in Purchasing Negotiate Pricing 90

Supply Chain Shaman

MARCH 3, 2018

Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. Instead, companies need to build it into digital process redefinition like digital path-to-purchase, digital procurement, digital agriculture, digital manufacturing or digital service.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

QAD

MARCH 14, 2024

That’s the funny thing about Lean manufacturing; it’s been around for decades, or even hundreds of years depending on who you ask, and can have a profound impact on operational excellence, yet its true meaning tends to get buried and lost in jargon. We’re telling our vendors that we don’t want you as a vendor.

Agile and Lean Supply Chain 77

Agile and Lean Supply Chain Supply Chain Software Vendor Strategies Supply Chain Strategy 77

Enterra Insights

MARCH 9, 2021

” — the moniker the German government gave to the fourth industrial revolution spawned by digitization. He writes, “Manufacturing operations can take advantage of the data in a number of different ways: Inventory levels; quality control data; equipment productivity; operator productivity; and, condition of equipment.”

Supply Chain Planning Software 130

Supply Chain Planning Software Industrial Industry Supply Chain Design Software 130

Vinculum

DECEMBER 23, 2020

Distribution can be defined as an essential service that makes merchandise available for purchase by allocating it through a given market. Government regulation. With the sheer volume of inventory they possess, the distributors are constantly challenged to deliver products efficiently and quickly. Reducing logistics expenses.

Indonesia 52

Indonesia Distribution Expense Reduction Supply Chain Software 52

Unleashed

NOVEMBER 8, 2021

The de minimis concept – sometimes referred to as ‘de minimus’ – is the broad principle of an issue being so small it’s not worth the government getting involved in. At the same time, governments have to consider the cost of administering customs duties on low-value goods. principle?? What is the de minimis rate for New Zealand?

New Zealand 98

New Zealand Australia Purchasing Skills Negotiating Skills 98

SCMDOJO

MAY 6, 2022

No-code platforms allow for the creation of excellent applications and services by simply dragging and dropping components. The concept of no-code platforms is excellent and provides needed solutions to ease scalability. Governance And Security Concerns. These tools make it easy to develop software apps without coding knowledge.

Supply Chain Design Software 109

Supply Chain Design Software Demand Planning Software Supply Chain Network Software Inventory Management Software 109

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78