SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 82

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 82

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Synovos

DECEMBER 5, 2023

They were a new company that had taken over an existing manufacturing plant and lacked the infrastructure needed to keep the facilities in good working order, whether that was buyers to order parts or an accounts team to manage the purchasing process. Not having to manage the indirect procurement process retains advantages for the client.

Manufacturing Procurement 52

Manufacturing Procurement Food Purchasing Skills Supply Chain Software 52

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

QAD

DECEMBER 3, 2019

There is a developing trend that has been gaining steam in recent years that has the potential to seriously impact and “disrupt” food and beverage manufacturing. That trend has been referred to by a number of terms, such as “buying local” and “eating local”. Disrupting the Larger Food and Beverage Manufacturer.

Manufacturing Procurement 113

Manufacturing Procurement Material Savings Cost Reduction Strategies Expense Reduction 113

Logistics Viewpoints

MAY 16, 2022

What ARC calls “supply chain collaboration networks,” TCS refers to as “ecosystem commerce platforms.”. They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. For example, many companies are struggling to get transportation capacity.

Supply Chain Planning Software 214

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 214

Resilinc

APRIL 17, 2024

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

Sourcing Strategies 95

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 95

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Also, it bridged the divide between manufacturing operations and service (logistics) operations, explains Springer Link. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 315

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 315

Logility

AUGUST 31, 2023

Through Logility, Kelly-Moore has moved beyond relying solely on shipment history to purchase raw materials by forging a deeper connection between its master production schedule and procurement decision-making. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

QAD

JANUARY 14, 2021

Ever since consumers started purchasing goods commercially, the ways in which products are packaged determine how most food manufacturers differentiate themselves from the competition. To this day, many products are identified and referred to by their packaging. Potential Impacts on Food Manufacturers. Procurement.

Manufacturing Procurement 94

Manufacturing Procurement Packaging Food Sustainability 94

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. In this guide, we’ll cover: What is the procure to pay process. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

Locus Robotics

JULY 12, 2022

Recent economic pressures and labor shortages have forced manufacturers and factories to become more flexible and efficient, but many don’t know where to start. 14 Manufacturing Trends in 2022. Accessible Automation. Automation is not entirely new in the manufacturing world, but there is now widespread adoption of the practice.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software 52

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Industry: Manufacturing. While Procurement might not consider these relationships strategic, they are critical nonetheless. Healthcare.

Supplier Management 145

Supplier Management Manufacturing Procurement Procurement Solutions Optimal Sourcing 145

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. Demand changes refer to shifts in customer preferences, market trends, or unexpected spikes in demand.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

Unleashed

AUGUST 20, 2023

If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

QAD

AUGUST 12, 2021

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. Sustainability Objectives for Manufacturers. Increased competitive advantages and access to new customers.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Logility

OCTOBER 27, 2021

The cascade effect refers to situations where businesses rely on their first-tier suppliers to make sure lower-tier suppliers are sustainable. Say, for example, you’re a bag manufacturer and you purchase hardware from a company that you know is sustainable, however you fail to conduct any due diligence on its suppliers.

Apparel 130

Apparel Sustainability Supply Chain Strategy Supply Chain Software 130

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Organizational alignment in manufacturing organizations is worse between operations and finance teams today than in 2013. I give you this evidence in this blog.). Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Kanban Logistics

AUGUST 13, 2020

If you’re a manufacturer, you likely know the answer. See, there’s a big difference between handling inbound logistics yourself and outsourcing it to a trusted North Carolina third-party logistics (3PL) provider that knows the manufacturing industry. Third-party procurement. Third-party procurement services from a 3PL can help.

3PL 98

3PL Manufacturing Procurement Logistics Network Optimization Software Material Savings 98

Unleashed

DECEMBER 3, 2023

Continuous production is a manufacturing method that involves an uninterrupted flow in the manufacturing line and a consistent delivery of goods. It’s a strategy best suited for manufacturing businesses seeking an efficient way to produce a large volume of products. It allows manufacturers to achieve longer production runs.

Examples 52

Examples Manufacturing Procurement Resource Reduction Cost Reduction Strategies 52

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Unleashed

DECEMBER 12, 2023

An intentional approach to bill of materials (BOM) management is essential for improving the efficiency of your manufacturing process. These components help manufacturers to effectively plan, source, and manage the production process. What is BOM management?

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

SCMDOJO

DECEMBER 14, 2023

This total time can be further categorized into key components: Procurement Lead Time: This dimension, situated in the upstream supply chain, covers the duration from placing an order to receiving it. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 79

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). For example, one woman was trading foreign currencies, and took a strong position on Eurodollar.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Shaman

MARCH 12, 2019

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. Indirect procurement has little to do with direct material management.

Prescriptive Analytics Software 182

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 182

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Enterra Insights

OCTOBER 11, 2022

Concurrent Planning refers to planning by multiple departments simultaneously with consistent objectives. The stark truth is that planning and optimizations are done in many departments within a business, such as supply, manufacturing, distribution, warehouse, transportation, budget, labor, and so on. Why is this important?

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

Synovos

DECEMBER 5, 2023

They were a new company that had taken over an existing manufacturing plant and lacked the infrastructure needed to keep the facilities in good working order, whether that was buyers to order parts or an accounts team to manage the purchasing process. Not having to manage the indirect procurement process retains advantages for the client.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Purchasing Skills Food 52

Logility

AUGUST 25, 2020

Maybe, but what is certainly clear from the examples is that the complexity of modern supply chains requires better visibility into every phase of production and distribution. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. SCOR Attribute.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Kanban Logistics

SEPTEMBER 20, 2023

Common and not-so-common examples of 3PL value-added warehousing Cross docking Cross docking is a service in which products are unloaded from a truck (or railcar if intermodal) for temporary storage in a 3PL warehouse. The following are examples of instances in which cross docking can be especially useful. Third-party procurement.

Warehousing 52

Warehousing 3PL Logistics Network Optimization Software Manufacturing Procurement 52

NC State SCRC

APRIL 2, 2023

In general, shared services or a shared services center (SSC) refers to a dedicated unit (including people, processes and technologies) that is structured as a centralized point of service and is focused on defined business functions. For example, a central headquarters might control all the hiring for an entire chain of retail stores.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52