ToolsGroup

JUNE 10, 2022

Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. Image source: National Retail Association. Image source: Twitter. Image source: Ikea.

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

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

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” ” Followed by “How are you organized, and what defines functional excellence? And, how do you tie functional excellence to corporate value?”

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

Logility

DECEMBER 15, 2023

This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

The Logistics of Logistics

OCTOBER 30, 2023

Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP). The Greenscreens.ai

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

QAD

JUNE 29, 2023

Here are five key strategies for designing quality from the start, along with the tools, steps and environment needed to make it happen. Those should include all aspects of the product’s life cycle, including dimensional characteristics, performance, durability, assembly, maintainability, serviceability, sustainability and sourcing.

Price Reduction 94

Price Reduction Sourcing Strategies Expense Reduction Resource Reduction 94

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Unleashed

OCTOBER 4, 2023

But by following the best practices mentioned in this guide and optimising your fulfilment approach, you can efficiently fulfil every future customer order with confidence. Efficient order fulfilment is also crucial for customer satisfaction and retention. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

MAY 30, 2019

While visionaries talk John Hagel (@jlhagel) about value networks and ecosystems, today’s organizational focus is squarely on enterprise efficiency. At the end of the day, customers buy based on value not on the cool factor of the technology. The focus is enterprise efficiency within an organizational silo. Third Strategy.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197

The Logistics & Supply Chain Management Society

MAY 28, 2022

In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. Companies need to re-evaluate their supply chain strategies, if they are still most optimal.

Innovation 244

Innovation Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software 244

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Predictive Analytics Software 312

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 312

Logistics Viewpoints

APRIL 21, 2022

On one hand, consumers expect to increase their online purchases post-pandemic. Retailers and delivery services companies that can break through today’s cycle of mediocre home delivery performance stand an excellent chance of improving customer loyalty and growing market share. Source: Descartes & SAPIO Research.

Optimal Sourcing 209

Optimal Sourcing Eliminating Excel in Purchasing Purchasing Skills Sourcing Strategies 209

Precoro

MARCH 30, 2022

A procurement team, if perceived as a partner rather than an executor by internal stakeholders when defining and executing the company's business strategy, proves to deliver. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte. What is a procurement strategy ?

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

ThroughPut

NOVEMBER 28, 2023

But remember, your choice depends on your specific puzzle, supply chain strategy, and what you’re already packing in your toolkit. Data integration capabilities: Your supply chain generates data from various sources – inventory systems, production lines, transportation networks, etc. Ready to dive in?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Silvon Software

APRIL 18, 2024

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. Scalability and Efficiency : AI can process large volumes of data much faster than manual methods. DOB” and “Date of Birth”).

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Supply Chain Shaman

SEPTEMBER 27, 2021

As a result, most projects are not clear in scope, with the implementation of visibility as a “functional extension to existing process” lacking a holistic outside-in approach/strategy to sense, respond, and act. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Reflection.

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. I write this post as a guide. What Does Good Look Like? Drives Value. S&OP is a business process. Governance.

S&OP 321

S&OP Supply and Demand Forecasting Supply Chain Design Software 321

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. An important aim of successful negotiation strategies is to secure the best possible terms and value for the organization while maintaining a positive and productive relationship with the supplier.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Jaggaer

MARCH 30, 2020

That key, according to Charles, lies in having large and accurate data sets and an efficient way to analyze them. Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. This will fundamentally change your sourcing abilities.

Big Data 99

Big Data Analytics Software Optimal Sourcing Sourcing Strategies 99

ThroughPut

JANUARY 21, 2024

Here, we will introduce and investigate effective strategies for demand sensing. When employed accurately, these can ensure increased sales performance: 7 Demand Sensing Strategies to Increase Sales Performance These seven strategies can be followed both as standalone methods and as an ordered workflow.

Supply and Demand 52

Supply and Demand Inventory Reduction Material Savings Cost Reduction Strategies 52

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

APRIL 26, 2022

He worked for the North American manufacturing team and struggled with the imposed standards by the centralized center of excellence. The rate and yield goals dictated by the global center of excellence team were not aligned with reality. When I asked about his perception of the role of OEE to supply chain excellence, he was unsure.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. Or a unified data model across source, make, and deliver for planning?

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? How do they buy from you? What are you trying to accomplish through the execution of a customer segmentation strategy? How do they buy from you?”

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logility

JUNE 12, 2023

Consumers are becoming more aware of the environmental and social impact of products they buy, and they are increasingly looking for products that are sustainably sourced and produced. There are several key strategies that companies can use to promote supply chain sustainability.

Material Savings 130

Material Savings Waste Reduction Sustainability Resource Reduction 130

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Game Changer

JUNE 17, 2020

Strategic National Stockpiles and Sourcing for the National Interest! This acute shortage and dependence has raised alarms and questions about remediation supply chain strategies for materials and finished products. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What are Rare Earth Elements? This for that.

Manufacturing Procurement 71

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 71

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

SCMDOJO

APRIL 24, 2024

In that case, you can unlock new efficiencies, meet the non-stop rising customer expectations, and future-proof your operations. Top Logistics Trends in 2024 As businesses seek higher efficiency and resilience, the supply chain trends for this year reflect a resumed focus on digitization, sustainability, and agility.

Optimal Sourcing 54

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 54

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. He genuinely cared for the organization and prided himself on forging clever strategies.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

JANUARY 25, 2024

While the desire to improve network interoperability is high, the organization’s mindset is focused on transactional efficiency. Many of these outsourced products have demand latency of weeks and months (shelf purchase through the replenishment cycle for a manufacturer to receive an order). Customer Service.

Supply Chain Network Software 264

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 264

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. He genuinely cared for the organization and prided himself on forging clever strategies.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. What are the strategies that helped the best survive?

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

o9 Solutions

JANUARY 19, 2022

Vikram Murth i – VP Industry Strategy, :o9 Solutions. Business challenges like sourcing from Asia with long and uncertain lead times now combine with demand uncertainty, which came to the forefront with the pandemic raging. Over the past few decades, retail supply chains were built for operational excellence, not agility.

Sourcing Strategies 52

Sourcing Strategies Forecasting Inventory Reduction Inventory Management Software 52