The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

Supply Chain Design Software 130

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

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Focus on right-sizing inventories. These are our weakest links. What can be done?

Supply Chain Design Software 251

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

Logistics Viewpoints

DECEMBER 12, 2022

At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. Getting independent business units to operate in a centralized supply chain structure would allow the company to have better leverage in procurement negotiations. The fast-growing company generated over $5.5 Mr. Morgan said. “So,

Supply Chain Planning Software 201

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 201

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. This leads to significant operational efficiencies, cost savings, and improved customer satisfaction.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

Inventory Management Software 92

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

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. Contract logistics is a strategic partnership, where the 3PL provider handles the logistics operations while the company focuses on its core business.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

AFFLINK

AUGUST 30, 2016

Historically, group purchasing organizations (GPOs) have been primarily utilized within the healthcare industry. A GPO is a group of businesses or organizations that come together to use their collective purchasing power to receive discounts from vendors. Your vendors’ prices are increasing. belong to at least one GPO.

Purchasing Skills 63

Purchasing Skills Eliminating Excel in Purchasing Vendor Strategies Groups 63

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. Negotiating. It’s a good idea to specify the inventory in as much detail as possible.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

AUGUST 16, 2018

Buying a car is overwhelming. I find the process of negotiation, and comparison shopping tiring. We sit on 9,000 quantitative responses and we want to better understand the drivers of supply chain excellence. Supply chain planning satisfaction is a driver of excellence. Maintenance costs of license software are 18-22%.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Supply Chain Planning 150

Precoro

NOVEMBER 7, 2022

What different products or services does the staff need to purchase in order to produce pizza? Direct procurement , or direct spend , is the purchase of goods and services directly associated with the manufacturing of the company's final product. 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

OptiProERP

JANUARY 17, 2023

Inventory Management. Having the right inventory on hand to build your products is crucial. At the same time, you don’t want to have too much inventory, as that results in carrying costs and waste. It should track the status and location of every inventory item. Supply Chain Management.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Manufacturing Negotiating Skills 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. But cost-saving isn’t the only benefit of an optimised fulfilment process. This can include freight forwarding and documentation management.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Precoro

OCTOBER 2, 2023

Now, companies can handle the pre-PO procurement processes, identify purchasing needs, order and approve purchases, receive invoices, and pay for goods all in one system. Procurement simply can’t scale and focus on strategic activities while mired in transactional processes.” a driverless car).

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Precoro

MARCH 11, 2024

However, certain healthcare delivery models don’t always prioritize these vital aspects, especially considering the ever-increasing costs of healthcare services. Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP).

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

KEPLER Consulting

OCTOBER 18, 2017

Asian countries and China in particular have been privileged destinations for those entities due to cost attractiveness of the area. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath.

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

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 does it take to make it?

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Freight Plus

OCTOBER 25, 2019

It’s indicative of a soft freight market, a drop in industrial production, and lower world oil prices. Sometimes that works better than trying to find and hire drivers, buy trucks, add line haul equipment, management, and so on to pick up freight that doesn’t add to bottom-line numbers. All excellent points. Russ: Normal.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Eliminating Excel in Purchasing Manufacturing Procurement 40

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Claritum

AUGUST 4, 2020

The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. procurement transformation is not about getting to the lowest cost of procurement; it is about maximizing financial results.". Introduction Procurement is a complex. organisation.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Claritum

NOVEMBER 16, 2018

Don’t lose Procurement’s focus on costs. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business. The focus should be on automating the buying process from a user/departmental perspective.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. The focus has been on sourcing and managed costs. For the hospital, the focus has been on materials management and negotiating of lower costs. These costs now lack controls.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

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? By how much?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Opz

NOVEMBER 9, 2014

Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Supply Chain Game Changer

MARCH 12, 2020

Know Your Skills. When you’re updating your resume, make sure you highlight your skills,” said Ashton Gargett, recruiter at Study demic and Big Assignments. “In If you’re lacking in certain areas of experience or skills, you may want to go back and work on those things, before applying to a supply chain position.

Buyer Training 79

Buyer Training Negotiating Skills Purchasing Training Purchasing Skills 79

6 River Systems

FEBRUARY 22, 2019

But without an effective fulfillment strategy, it’s difficult to control fulfillment costs, which can have a negative impact on the company’s bottom line. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The Beginning of the Journey: Strategize, Centralize, and Re-footprint. Meet Ernest.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

ShipBob

MARCH 30, 2020

Now more than ever — at a time when people are choosing online over in-store to adhere to social distancing practices — the communicated speed at which consumers will receive their orders can play a deciding role in whether they choose to buy from your online store or a competitor’s. What is ecommerce logistics? Warehousing and storage.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Logistics Supply Chain Design Software Inventory Management Software 90

Unleashed

FEBRUARY 4, 2024

For retailers, inventory is more than just a list of products: It’s also the mainstay of your retail operations, the source of your revenue, and the foundation of customer satisfaction. Retail inventory management is therefore the key to managing inventory costs and movements effectively.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Unleashed

SEPTEMBER 7, 2020

The best way to reduce costs in a manufacturing business is to target the three areas in which costs generally fall: direct labour, materials, and manufacturing overheads. What are manufacturing costs? Manufacturing costs are the sum of costs of all resources used in the process of manufacturing a product.

Cost Reduction Strategies 105

Cost Reduction Strategies Negotiating Skills Material Savings Expense Reduction 105

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. In this post, we take a look at how you can improve your end-to-end supply chain operations and create a seamless workflow to enhance visibility and reduce operational costs.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 52

Unleashed

FEBRUARY 26, 2024

Warehouse inventory management is a sometimes complicated, always-vital process for managing a company’s physical goods. With the right approach, effective warehouse inventory management will help you increase productivity and profitability while keeping customers loyal and happy. What is warehouse inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

RELEX Solutions

OCTOBER 5, 2016

Balancing sales and costs with the optimum level of assortment differentiation. Consumers are more price-aware than ever. Price comparisons are ever easier to make. However, today’s consumers might choose to buy staples from a LAD (dried pasta, tinned tomatoes, bagged salad for instance) and more specialized items (e.g.

Negotiating Skills 37

Negotiating Skills Purchasing Skills Cost Reduction Strategies Optimal Sourcing 37

Supply Chain Game Changer

NOVEMBER 17, 2018

All you need is a small monetary investment to get started and the knowledge of how to run a successful listing. Always check the purchase price of the item you want to sell in the Amazon Revenue Calculator to see how much profit you will make after Amazon assesses their fees. Compare Shipping Costs. Calculating Revenue.

Negotiate Pricing 43

Negotiate Pricing Negotiating Skills Purchasing Skills How To 43

Logistics Bureau

OCTOBER 6, 2017

Some Quick and Easy Tips for Supply Chain Cost Reduction. Supply Chain Cost Reduction. Reducing Supply Chain Cost may not be as ‘hard’ as it seems. 2) Make sure that your customer service policy meets those expectations as closely as you are willing to go in terms of complexity and cost. You know the feeling.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 40

ShipBob

SEPTEMBER 29, 2021

From managing inventory flow to ensuring that customers receive shipments on time, retail logistics streamlines the different stages of your ecommerce supply chain to keep your business running smoothly. Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Supply Chain Shaman

SEPTEMBER 28, 2012

Or contracts and negotiations. As I look at the building of value networks, traditional processes have moved costs and waste back in the supply chain. Overall, total costs of the value network have increased because companies have not owned their networks. We have let buy- and sell-side transactional relationships erode value.

Pricing Training 261

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 261