SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. To stay competitive in this challenging environment, distributors must stay abreast of new trends, advances, and changes in the supply chain and logistics landscape.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

ivalua

APRIL 7, 2022

Leader Forrester CLM for Buy-Side Contract Suites, Q4 2021. Chief Product Officer, Pascal Bensoussan , shared the best way forward for 2022 with the most innovative trends that are shaping the future. We were honored to hear their incredible stories and humbled by their positive references and testimonials. . David Khuat-Duy.

Procurement Solutions 130

Procurement Solutions Vendor Strategies Procurement Analytics Sourcing Strategies 130

Unleashed

OCTOBER 16, 2023

It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production. It is a part of the bill of materials for the finished goods.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

Freightos

NOVEMBER 11, 2021

The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. This isn’t just about purchasing power. No end to end-to-end.

Price Reduction 177

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

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. What is procurement and purchasing Lesson 2. Trends and tendencies in procurement Lesson 3. Procurement and Purchasing Cycle Lesson 7. Make or Buy decision Lesson 3.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

BlueYonder

JANUARY 23, 2023

I love a recent quote from Trend Micro COO: “Make your employees feel like Superhero’s” – afterall, they are the one’s doing the heavy lifting. In fact, the buy online pickup in store (BOPIS) and delivery options have added to the frontline workers list of tasks to be completed. As a result, a more personalized experience is expected.

Inventory Reduction 83

Inventory Reduction Price Reduction Expense Reduction Cost Reduction Strategies 83

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. Purchasing vs Procurement When it comes to the procurement department, it’s essential to understand the difference between purchasing and procurement.

Negotiating Skills 87

Negotiating Skills Purchasing Skills Negotiate Pricing Procurement Analytics 87

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

ShipBob

DECEMBER 13, 2023

Reduced spoilage and obsolescence: Critical for perishable or trend-sensitive products. Inventory” can refer to finished goods as well as the materials used to make those goods, whereas “stock” refers solely to finished goods. Balanced supply and demand: Ensures stock levels meet customer demand without surplus.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Supply Chain Game Changer

AUGUST 30, 2021

Goldratt and Jeff Cox convey lessons in improving processes and operational excellence through a story about a small-town factory that’s heading for disaster. Research physicist Dr. Alex Hoffman creates VIXAL-4, a machine that monitors investments and trades instinctively after analyzing news stories and market trends.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

ThroughPut

MAY 13, 2022

Demand forecasting by itself refers to the process of estimating the future demand for a product or service. Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. –

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand forecasting by itself refers to the process of estimating the future demand for a product or service. Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. –

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Unleashed

JANUARY 24, 2022

MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business. For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Jaggaer

MARCH 30, 2020

To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. The Accelerating Pace of Change.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

Unleashed

DECEMBER 2, 2020

Calculating the reorder point in Excel. To calculate the reorder point in Excel, set up a table as in the image above, and use the formula =SUM(F2+G2) where Column F is your Safety Stock figure and Column G is your Lead Time Demand. Calculating the reorder point in Excel – a caveat. You purchase in batches.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

Supply Chain Game Changer

MAY 27, 2022

In this way, you will position yourself better in the market, because customers will know why they should buy from you. A target audience is a group of people most likely to be interested in buying your products. You can use SWOT analysis with market trends, competition, and buying habits to gather information for the next step.

Sourcing Strategies 90

Sourcing Strategies Supply Chain Design Software Price Reduction Supply Chain Planning Software 90

SCMDOJO

APRIL 4, 2023

These analytics can also help identify known risks and predict future risks by spotting patterns and trends throughout the supply chain, increasing planning accuracy, and better predicting future demand. Diagnostic analytics: Diagnostic analytics focuses on understanding the underlying causes of issues or trends in past and current data.

Prescriptive Analytics Software 110

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

Supply Chain View from the Field

MARCH 1, 2013

Students of supply chain and logistics know that when the topic of supply chain excellence and inventory management prowess comes up, the companies that comes to mind first are Walmart and Toyota. Now it seems like Walmart is the next paragon of excellence that is falling. What are customers supposed to buy?” Try Amazon.

Inventory 88

Inventory Eliminating Excel in Purchasing Supply Chain Design Inventory Management 88

Enterra Insights

JUNE 15, 2020

Concurrent Planning refers to planning by multiple departments simultaneously with consistent objectives. Columbus notes, “Track-and-traceability enhanced with AI-based predictive algorithms is now a must-have in a post-COVID-19 world where excellent customer experience is increasingly defined by the transparency it provides.”

Columbus 100

Columbus Supply Chain Planning Software Modeling Software Predictive Analytics Software 100

Talking Logistics

DECEMBER 11, 2014

In many cases, we look at recent trends and simply project them forward, but this assumes that the factors impacting that trend, either directly or indirectly, will remain the same, which is often a false assumption. With operational excellence a given, IT and talent become greater value propositions for 3PLs.

Predictive Analytics Software 201

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 201

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

SCMDOJO

APRIL 24, 2024

Why should businesses follow the trends? Why should businesses follow the trends? While it’s true that only some prefer to follow trends, data-driven decision-making is vital for businesses to remain competitive and relevant. Ignoring industry trends poses the risk of being left behind by more agile competitors.

Optimal Sourcing 57

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 57

Supply Chain Shaman

JUNE 14, 2014

Our current processes and dependencies on Excel spreadsheets cannot get us to our goal. E2open last week announced the purchase of Serus. This purchase increases E2open’s capabilities for visibility into the processes of the outsourced semiconductor network of foundries. 3) Risky Business? I look forward to your thoughts.

Optimal Sourcing 286

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 286

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Data is particularly influential when dealing with trends and new demands as they emerge in retail delivery and supply chain management. Learn More. What is Logistics Data? Total Transportation Spend.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Unleashed

FEBRUARY 8, 2024

Inventory tracking refers to the activities and processes implemented to monitor the quantity, location, and status of all the products or materials a business sells or uses. Customers want to know product availability, price, and delivery times of the goods they are looking to purchase. What is inventory tracking?

Inventory Management Software 52

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

Enterra Insights

MARCH 13, 2018

“The deluge of data in the market — structured and unstructured — such as market trends or customer behavior and preferences has made big data the latest buzzword in business echelons. ” The four types of analytics referred to by Bekker are: descriptive, diagnostic, predictive, and prescriptive. Descriptive Analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

Jaggaer

MARCH 18, 2020

To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. The Accelerating Pace of Change.

Big Data 59

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 59

Elementum

FEBRUARY 7, 2024

Procurement: Automated Procurement Processes AI enhances procurement by automating supplier selection, contract management, and purchase order processing. By analyzing customer data, AI identifies trends and behaviors, enabling targeted engagement strategies that improve retention and lifetime value.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

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 needed to excel at ecommerce logistics?

Logistics Network Optimization Software 90

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

USC Consulting Group

APRIL 1, 2020

The plans take into account projections made by the sales and marketing departments, the resources available from manufacturing, engineering, purchasing, and finance, and are directed toward hitting the company’s objectives. Any additional strategies (make or buy, market share, flexibility)? Planning Horizon. Back to top ?.

Inventory Reduction 75

Inventory Reduction Resource Reduction Supply Chain Planning Software Material Savings 75

Vinculum

APRIL 21, 2021

While retailers rehash their strategies in the wake of technological advancements and breakthrough innovations, warehouse management still remains an inevitable and crucial part of the holistic customer purchase and satisfaction arena. Warehouse Management System – An Overview. Advantages.

Inventory Management Software 52

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

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. Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

GlobalTranz

FEBRUARY 2, 2015

No Purchase Orders were used. Further, Fleet Equipment magazine identifies six emerging trends in the dynamic commercial vehicle aftermarket. One of these trends deals with utilizing the latest inventory management techniques to manage customers to “lean”. Example: A once/twice Weekly purchase order cycle.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

MIT Supply Chain

APRIL 26, 2021

When a person’s social rating falls below a certain level, he or she is disqualified from travel by air or on certain train lines and cannot buy property or take out a loan. In 2018 the Chinese authorities demanded that airlines not refer to Taiwan as a non-Chinese territory. China considers Taiwan as a Chinese province.

Company 52

Company Taiwan China Government 52

ShipBob

APRIL 22, 2020

The only way we can reverse this trend is if we increase our efforts at choosing packaging that’s as good for the planet as it is for business. Eco-friendly packaging refers to designs and materials chosen in boxes, mailers, and packing materials to minimize its impact on the environment. What is eco-friendly packaging? Plant fibers.

Packaging 92

Packaging Purchasing Skills Waste Reduction Material Savings 92

Supply Chain Movement

APRIL 26, 2016

Recent european and international supply chain management conferences have been primarily characterised by their focus on strongly emerging trends and their impact on companies’ supply chains. The trends of increasing urbanisation and digitisation were covered extensively several times during the Logy Conference in Helsinki, Finland.

SCM 60

SCM Pharmaceutical Material Savings Supply Chain Design Software 60