Logistics Viewpoints

NOVEMBER 26, 2024

Companies must harness a wide variety of data structures and formats, spanning internal and external sources. For example, a warehouse inventory discrepancy may only matter if it affects high-priority orders or strategic customers. While the abundance of data is seen as an asset, the real question is: What do you do with it?

Resource Reduction 291

Resource Reduction Inventory Reduction Sourcing Strategies Supply Chain Planning Software 291

Supply Chain Shaman

JANUARY 7, 2025

For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The data outcome is open source and can be used to improve project outcomes. You are right. The answer is not th e Gartner Top 25. This work was expensive.

Optimal Sourcing 367

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 367

Logistics Viewpoints

APRIL 10, 2025

Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Leading organizations are building supply chains that are less exposed to single points of failure, more informed by real-time data, and more able to adjust sourcing, inventory, and routing based on current conditions.

Optimal Sourcing 218

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 218

Logistics Viewpoints

NOVEMBER 20, 2024

Patagonia serves as an excellent example of this approach, incorporating recycled materials into its products and offering repair services to minimize waste while maintaining a strong brand commitment to sustainability. Ethical sourcing is a fundamental aspect of social sustainability.

Waste Reduction 298

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 298

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.

Optimal Sourcing 278

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 278

Logility

DECEMBER 16, 2024

Balancing forecast accuracy with inventory management gets more challenging every day. Download Now AI Solutions for Complex Demand Planning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources. Traditional approaches often divide departments like sales, marketing, and production.

Supply and Demand 194

Supply and Demand Modeling Supply Chain Planning Software Demand Planning Software 194

Logistics Viewpoints

MARCH 27, 2025

More broadly, AI can be deployed across functions to shift inventory, switch transportation modes, find new carriers, communicate across functions and regions with customers and partners, and otherwise deliver a smart, collaborative response. For most supply chain and logistics teams, their execution options are not limitless.

Supply Chain Planning Software 330

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Predictive Analytics Software 330

Logistics Viewpoints

APRIL 2, 2025

Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.

Modeling 164

Modeling Modeling Software Supply Chain Planning Software Supply Chain Design Software 164

Logistics Viewpoints

MAY 1, 2025

Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Examples of automatable processes include Invoice Processing, Sales Order Entry, and Customer Account Creation. Smart Import is also being leveraged to accelerate data integration from various sources.

Prescriptive Analytics Software 200

Prescriptive Analytics Software Optimal Sourcing Material Savings Predictive Analytics Software 200

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 261

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 261

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 188

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 188

ivalua

JUNE 12, 2025

This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. When done right, spend analysis enables cost savings, supplier optimization, risk reduction, and more strategic sourcing decisions.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

ToolsGroup

FEBRUARY 24, 2025

It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Image source: Stefan de Kok 2. For example, Aston Martin faced growing demands from an international clientele and needed to improve first-time availability without increasing inventory.

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

Silvon Software

APRIL 16, 2025

Inventory is the lifeblood of any manufacturing business. By leveraging analytics and key performance indicators (KPIs), manufacturers can optimize inventory, reduce waste, and boost profitability. Tracking inventory flow and performance across your supply chain is a must. Thats where data-driven decision-making comes in!

Optimal Sourcing 65

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 65

ToolsGroup

MARCH 3, 2025

Thats why we champion a hybrid approachone that integrates probabilistic forecasting with machine learning to deliver more accurate demand predictions and optimize inventory levels in supply chain operations. A strong statistical foundation is essential to navigate the inherent unpredictability of demand.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Modeling 156

Logistics Viewpoints

JUNE 16, 2025

These events impacted everything from facility operations and transportation routes to energy costs and inventory management. The logistics, supply chain, freight transportation, warehousing, and inventory management sectors often operate on razor-thin margins. tallying a staggering $182 billion in damages.

Supply Chain Planning Software 152

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 152

GlobalTranz

APRIL 20, 2021

A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To build supply chain resiliency, leaders should consider these factors: Buffer inventory and shift away from JIT.? Your plan should address technology, processes, and people.

Supply Chain Planning Software 383

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 383

ivalua

MAY 29, 2025

At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software 130

ToolsGroup

MARCH 25, 2025

Even more impressive, lost sales due to stockouts can decrease by up to 65%, while inventory reductions of 20% to 50% are possible. This advanced analysis allows businesses to predict promotional lift with unprecedented accuracy, ensuring optimized production schedules and inventory positioning through sophisticated supply planning.

Supply and Demand 156

Supply and Demand Forecasting Forecasting Software Modeling 156

Supply Chain Shaman

MAY 25, 2024

This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) As an aside, I do not think that Lenovo is an example of a supply chain excellence. The second part of the story is that inventory turns for Lenovo are 10.8, We purchase data from Y charts. (A

Eliminating Excel in Purchasing 384

Eliminating Excel in Purchasing Gartner Supply Chain Design Supply Chain Strategy 384

Precoro

JUNE 3, 2025

How to establish a category management system Examples of categories and strategies Why category management in procurement matters How Precoro can help you establish a category management system Frequently asked questions about category management services What is category management? Read on to learn: What is category management?

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Precoro

MAY 13, 2025

  In this guide, we’ll explore what cost efficiency is, examples, and best practices on how cost efficiency can make your company more competitive and profitable in today's fast-paced economy. Example of cost efficiency A TechRepair Company operates two service plans: Plan A costs $6,000 monthly and services 1,200 devices.

Sourcing Strategies 45

Sourcing Strategies Cost Reduction Strategies Purchasing Skills Negotiating Skills 45

Logility

OCTOBER 24, 2024

This eliminates the need for lengthy back-and-forth communications and manual data entry by delivering a single source of truth. For example, budgeting becomes less of a guessing game when AI can instantly calculate and simulate different scenarios. The need for repetitive meetings and manual data reconciliation decreases.

S&OP 224

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 224

ToolsGroup

JULY 13, 2023

A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers. As an example, let’s say you’re trying to fulfill a pallet order of heavy items in Boston, MA.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

Supply Chain Game Changer

JUNE 19, 2025

It may include everything from open-source libraries to third-party APIs, cloud services, and even the hardware that runs the software. These could be third-party libraries, open-source code, or APIs. For example, an insecure library could allow a hacker to execute arbitrary code, leading to a full system compromise.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 91

Supply Chain Shaman

DECEMBER 7, 2023

Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. Let me give you an example. I am currently doing research on inventory management.

Supply Chain Design Software 395

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 395

ToolsGroup

MAY 25, 2021

The importance of having the right inventory at the right price to service customer demand is crucial. Calculating and maintaining optimal levels of inventory is increasingly complex in this market as a result of long lead times, exchange rate volatility, economic factors, tariffs, political unrest, pricing trends, etc.

Optimal Sourcing 260

Optimal Sourcing South Africa Modeling ToolsGroup 260

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. For example, one of the key decisions that a manufacturer needs to make is should they continue to buy goods from one of their suppliers. Networks and Sourcing.

Supply Chain Network Software 310

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 310

Logistics Viewpoints

FEBRUARY 20, 2024

Optimal sourcing plant is different for different periods A baseline optimization model shows that depending on the period (month), the optimal sourcing location varies. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others.

Sourcing Strategies 307

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 307

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. An efficient procurement process optimizes vendor selection and purchasing decisions to maintain cost-effective inventory levels. For instance, a low inventory turnover rate might signal overstocking, tying up capital unnecessarily.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Supply Chain Shaman

OCTOBER 5, 2021

Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. We are not good at inventory management. Inventory Levels Over the Quarters of the Pandemic. Companies struggle to have the right inventories. The end result?

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 343

SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. Inventory management and warehousing Thousands of parts are used in automotive distribution.

Automotive 98

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

AIMMS

MARCH 30, 2020

The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources.

Supply Chain Disruption 348

Supply Chain Disruption Supply Chain Design Software Scenario Planning Supply Chain Planning Software 348

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

Logistics Viewpoints

APRIL 1, 2021

Here are some examples of such use cases. Building optionality in the supply chain through collaborative sourcing: Supply chain teams can proactively identify choke points within the existing network by leveraging emerging technologies such as digital twins and advanced analytics, and modeling their end-to-end supply chains.

Optimal Sourcing 285

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 285

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. Automation can also play a role here.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Logistics Viewpoints

JUNE 21, 2023

In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. Simply put, supply chain operations are under strain with pressures coming from multiple sources. And they must be capable of adapting to various demands.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 323