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

SEPTEMBER 28, 2012

Or contracts and negotiations. Most companies have made their own organizations more efficient (ROA), but they have not reduced inventories and they have pushed costs back in the supply chain on suppliers that are less able to bear them. We have let buy- and sell-side transactional relationships erode value.

Pricing Training 262

Pricing Training Supply Chain Design Software Purchasing Training Waste Reduction 262

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 company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 30

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

Supply Chain Shaman

FEBRUARY 16, 2024

The translation of ripple effects of short supply, pricing, quality issues, and freight shifts affects how to source, make, and deliver processes should align. Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream.

Supply Chain Planning Software 417

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 417

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 Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Optimal Sourcing 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. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. Cost-to-Serve.

Material Savings 246

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 246

ToolsGroup

DECEMBER 11, 2023

Why understanding the principles of price elasticity is especially critical post-pandemic This year, many companies have recognized the apparent limitations in the traditional ways we do business. Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

Supply Chain Shaman

OCTOBER 7, 2012

Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Likewise, the functional forms of inventory are cycle stock, seasonal inventory, and safety stock.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Smart Data Analysis: AI algorithms excel at handling large amounts of data , such as sales history, market trends, and customer behavior. However, traditional forecasting methods often fall short in accuracy.

Forecasting 176

Forecasting Forecasting Software Demand Planning Software Modeling 176

Precoro

FEBRUARY 26, 2025

Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. It helps manage purchasing, supplier relationships, and order processing while integrating procurement with finance, inventory, and other core business functions.

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

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 company also taught them to understand the basics of negotiation and risk management.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

SCMDOJO

JUNE 9, 2025

Every shipment, inventory check, customs clearance, and delivery relies on accurate records to move smoothly from one point to the next. After scheduling a shipment or updating inventory, the system pulls pre-set information and populates forms based on rules or templates.

Supply Chain Planning Software 52

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

Procurement Academy

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Taking the time to invest in these relationships can lead to better prices, quality, and reliability.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

ToolsGroup

SEPTEMBER 22, 2021

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. The challenge is to deliver this greater choice and agility cost effectively, while minimizing excess inventory and associated costs.

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

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

Herlitz Inventory Management

MARCH 24, 2022

Two HIMPACT customers have already rented extra warehouse space just to store forward bought inventory. If ever there was a time to take advantage of forward buying, this is it! Knowing that forward buying is important is only step one. To do so effectively, you need to first understand how much extra to buy. and 65.4%.

Pricing Training 52

Pricing Training Eliminating Excel in Purchasing Purchasing Training Vendor Strategies 52

Procurement Academy

OCTOBER 19, 2023

As a result, training on how to navigate these complexities is a must. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. The disadvantage of this sourcing strategy is risk concentration.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

ThroughPut

JUNE 17, 2025

By infusing intelligence into every supply chain touchpoint—from sourcing to shelf—AI is driving operational excellence, customer satisfaction, and exponential growth. Cognitive Inventory Planning: AI continuously aligns procurement strategies with shifts in customer demand, promotional calendars, and macroeconomic conditions.

Optimal Sourcing 52

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

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 105

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Optimization Software 105

AIMMS

MARCH 8, 2016

Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Price Reduction 156

Price Reduction Cost Reduction Strategies Inventory Reduction Sourcing Strategies 156

The Logistics of Logistics

MARCH 13, 2021

He has spent more than 20,000 hours providing consulting, training, and facilitation for large and small groups for hundreds of organizations internationally on a wide range of topics. MetaExperts are talent operational excellence (OpEx) hands-on-deck, training, and get-it-done partners. About MetaOps and MetaExperts.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste 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. Without this discipline, the global organization cannot actualize buying power in procurement or lower costs and improve costs/customer service in transportation.

Supply Chain Planning Software 150

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

GlobalTranz

MAY 13, 2015

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 Low prices benefit customers, but low true costs benefit everyone.”

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

RFgen

JUNE 8, 2023

Key Takeaways: Inventory management software with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventory management software—it’s about the best product for your business objectives and industry. And with the average on-hand inventory quantities up 8.3%

Inventory Management Software 84

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 84

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. Excelling in online selling and logistics may convince your customers that your service is still the most cost-effective and efficient.

Inventory Management Software 97

Inventory Management Software Predictive Analytics Software Forecasting Software Analytics Software 97

The Logistics & Supply Chain Management Society

MARCH 16, 2021

Also to note that some technological solutions failed us, as they never have been tested or trained in such a highly volatile environment. Inventory tracking enables flexible e-Commerce fulfillment models and allows for managing shocks caused by shop closures. Suppliers need to prioritise actions to support solutions.

Supply Chain Design Software 257

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Modeling Software 257

Enterra Insights

JUNE 24, 2022

Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them. 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

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 105

Inventory Reduction Price Reduction Expense Reduction Cost Reduction Strategies 105

AIMMS

MARCH 8, 2016

Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Optimal Sourcing 120

Optimal Sourcing Sourcing Strategies Price Reduction Cost Reduction Strategies 120

Unleashed

MAY 19, 2020

How many stock-outs, an event that caused inventory to be exhausted? Don’t purchase any supply chain solution that is not Cloud or SaaS based. That means you can buy it as a remote online service (SaaS) paying typically by user per month, or buy and install the software on the cloud. Stock & Inventory Control.

Supply Chain Planning Software 98

Supply Chain Planning Software Forecasting Software Inventory Management Software Demand Planning Software 98

Kinaxis

FEBRUARY 6, 2017

After all, Brown was trained in the area of optimization, but he says data, always uncertain, changes every day. “We Try to think about solving the business problem not the price mathematical issue. It’s like having a computer or Excel. by Melissa Clow For Xilinx Inc., That’s not to say the latter is unimportant.

Supply Chain Planning Software 100

Supply Chain Planning Software Optimization Software Supply Chain Software Modeling Software 100

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain. Why your food inventory management system is going stale. Working with fresh food.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Case Study 89

Unleashed

AUGUST 15, 2024

Choosing the right inventory management system is crucial for optimising business operations, improving accuracy, and increasing overall efficiency. This guide explores five of the best Zoho Inventory alternatives currently on the market.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Inventory Reduction 52

Claritum

NOVEMBER 16, 2018

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. Introduction. Step 1 Remove the noise.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Supply Chain Shaman

JUNE 6, 2015

I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. Buying patterns are changing quickly, and the insights are multi-dimensional. I worked first at Gartner Group and then at AMR Research. I was a skeptic.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150