Resilinc

APRIL 17, 2024

Single sourcing refers to a situation where a company specifically chooses to buy from one supplier, even though there are alternative suppliers available—often due to price or convenience. Sole sourcing , on the other hand, refers to a situation where a company has no choice but to buy from a single, monopolistic supplier.

Sourcing Strategies 101

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 101

Logistics Viewpoints

JANUARY 22, 2024

Omnichannel refers to the ability of a consumer to get products fulfilled to them in various ways. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. A customer can of course buy goods in a store.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

Logistics Viewpoints

JANUARY 1, 2024

Omnichannel refers to the ability of a consumer to get products fulfilled to them in various ways. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. That is changing. A customer can of course buy goods in a store.

Omnichannel 211

Omnichannel Modeling Optimization Software Optimization Modeling 211

Logistics Viewpoints

MAY 16, 2022

What ARC calls “supply chain collaboration networks,” TCS refers to as “ecosystem commerce platforms.”. If, for example, there had been better ecosystem visibility to longer term semiconductor demand, then we would not have had the kind of chip shortages that many industries continue to struggle with. But something called ERP 4.0

Supply Chain Planning Software 211

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 211

Logistics Viewpoints

AUGUST 16, 2023

According to the United Nations, climate change refers to long-term shifts in temperatures and weather patterns. These come from using gasoline for driving a car or coal for heating a building, for example. For example, the Inflation Reduction Act (IRA) was signed into law a year ago this week.

Resource Reduction 206

Resource Reduction Supply Chain Strategy Manufacturing Procurement Supply Chain 206

Supply Chain Shaman

DECEMBER 27, 2022

For example, I am working with a client that has deployed Ariba from SAP, GT Nexus from Infor, Everstream, and Project 44. For example, deeper analytics into poorly implemented planning systems makes terrible decisions faster. Here are some additional examples: Hands-free processes? I see this every day.

Supply Chain Software 393

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 393

The Logistics & Supply Chain Management Society

JUNE 14, 2023

Figure 1 shows some real-world examples that are obvious. Figure 1: Four examples of regime change in real-world item demand Unfortunately, less obvious changes can still have significant effects. Figure 2 Example of change in mean demand and sample of random daily demand Figure 2 shows one form of this scenario.

Inventory 130

Inventory Supply and Demand Scenario Planning Demand Planning Software 130

Logistics Viewpoints

MARCH 4, 2024

A good example is saying “What are my demurrage issues at the Port of Long Beach?” Infor Nexus’s approach is not to just give a specific answer to a specific question, but to provide the right data visual, in this example a matrix type view of several days of shipments with demurrage risk. Mr. Sorgie calls this “rich visual controls.”

Modeling Software 219

Modeling Software Supply Chain Network Software Supply Chain Software Logistics Network Optimization Software 219

Supply Chain Shaman

MARCH 5, 2019

For example, the goal is not track truck location, but to provide insights on location in context with a delivery appointment. For example, will the truck be late to arrive against a pre-established appointment. Make sure that the data is harmonized to ensure all data has the same time reference. In Table 1, I share examples.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

Supply Chain Shaman

NOVEMBER 15, 2023

For reference, authoritative identifiers are the starting point for processes where goods are tracked against a standard like fair labor or food safety. For example, only 22% of medical device products complied with GS1 standards during the pandemic. References: 2023 Digital Trends in Supply Chain Survey: PwC

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Unleashed

DECEMBER 3, 2023

This article breaks down the meaning, pros, and cons of continuous production, and explores some best practice examples for implementing a continuous production workflow. Steady state: The process is characterised by having a steady state of existence – for example, a consistent temperature or speed of operations.

Examples 52

Examples Manufacturing Procurement Resource Reduction Cost Reduction Strategies 52

ToolsGroup

SEPTEMBER 13, 2023

High performance inventory refers to inventory that is managed so that it is always available when needed but never overstocked. Another example is Gaviota , a leading manufacturer of components, accessories, and systems for rolling shutters, awnings, and enclosures. Looking for more examples of high performance inventory?

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

Logistics Viewpoints

MARCH 27, 2023

When companies talk about improving their forecasting, they are most often referring to demand forecasting. Machine learning also makes it possible to make more granular forecasts – for example, instead of forecasting demand for the company’s products in the Eastern Region of the U.S., How much will demand be impacted?

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

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

ToolsGroup

FEBRUARY 7, 2021

To refer to that and give you some numbers was that last year we saw an increase of overall 30% in the online sector. And other companies were, let’s say, over the years preparing already a complete online strategy, and they only set up for that, as for example, Zalando or HelloFresh.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Source: IDC, Future Enterprise Resiliency & Spending Survey – Wave 2, April 2023 In a supply chain context, knowledge management applications refer to the use of generative AI to capture, store, organize, and leverage large datasets and insights generated throughout the supply chain processes.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logistics Viewpoints

AUGUST 9, 2023

I refer to this dynamic as demand for “WMS-plus.” — I have now completed ARC Advisory Group’s research on the global warehouse management systems (WMS) market , and it is currently in editing. For example, warehouse labor management has consistently been an important add-on to WMS.

Demand Planning Software 195

Demand Planning Software Warehousing Supply and Demand System 195

GlobalTranz

AUGUST 18, 2021

For example, additional ways to leverage the shipment-level execution include continuously optimizing and consolidating shipments, tracking the entire shipment lifecycle, integrating systems, and logistics transportation services. In many cases, this refers to the intuitive workflows that exist with the TMS in operation.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Enterra Insights

JANUARY 5, 2023

2] What White described is referred to as intelligent robotic process automation, cognitive robotic process automation, or, as we call it at Enterra Solutions ®, Cognitive Process Automation. ”[3] Greg Council , Director of Product Marketing at ImageSource, adds, “RPA is founded on an early example of expert systems.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 130

ToolsGroup

NOVEMBER 2, 2020

S&OP refers to the cyclical process of aligning business activities that inform an organization’s sales and production planning. For example, within an audit workflow multiple stakeholders across various regions can apply detailed market knowledge specific to their regions to the demand baseline forecast for a more accurate result.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Logistics Viewpoints

JULY 29, 2021

There are many forms of AI, but for purposes of this article I’m referring to systems that use machine learning approaches to solve specific problems. For example, only a minority of DCs today have installed systems for product slotting, workforce planning and other core warehouse functions. AI-Based Warehouse Optimization Examples.

Optimization Software 295

Optimization Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software 295

SCM Research

FEBRUARY 19, 2018

It has become the standard reference when it comes to teaching some key supply chain models. Today I would like to talk about Supply Chain Coordination with Contracts , a chapter written by Cachon (2003). Coordination between the members of a supply chain is certainly very relevant but also challenging.

Modeling 154

Modeling Supply Chain Design Supply Chain Optimization Handbook 154

ProcurePort

JULY 28, 2022

Accounts payable AP refers to a company’s obligation to its suppliers – its formal documentation warranting payment from the buyer, mostly business in a contractual agreement with a supplier or vendor. […]. Definition, Process & Examples) appeared first on ProcurePort Blog. The post What is Accounts Payable?

Examples 52

Examples Company Procurement 52

BlueYonder

SEPTEMBER 22, 2021

In 2016, during Alphabet’s annual stockholders meeting, one of the (male) stockholders referred to her as the ‘lady CFO’ of Alphabet. There are still myriad examples of how language can be biased when talking about women and men. Include all people in general references : Instead of “guys,” refer to a group as “people” or “folks.”

Guidelines 70

Guidelines Comparison Modeling Software Conference 70

QAD

OCTOBER 18, 2022

The COVID-19 pandemic, the 2021 Suez Canal obstruction, natural disasters, wars, scarcity of semiconductors, the energy crisis in Europe…are all examples showcasing the need to better manage and monitor your supplier base. For example, Hyundai recently found a supplier utilizing child labor in the state of Alabama.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

ShipBob

APRIL 18, 2024

The de minimis threshold value refers to the minimum value of goods below which no duties and/or taxes are charged by customs authorities upon importation. For example, in 2016 the US raised the value of a shipment of merchandise from $200 to $800 USD with the passage of the Trade Facilitation and Trade Enforcement Act ( TFTEA ).

Price Reduction 98

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 98

SCMDOJO

SEPTEMBER 18, 2023

Acquisition: Acquisition refers to the process of obtaining goods or services through a formal transaction, often involving the purchase of an entire product or service from an external party. Buying: Buying, in the supply chain context, refers to the act of obtaining goods or services in exchange for monetary consideration.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Supply Chain Game Changer

AUGUST 13, 2021

The internal dimension refers to the space inside the box. In comparison, the external dimension refers to the outside size. For example, if the shipping box is made out of wood, there would be a significant difference between the two. That is because that refers to the space inside where your product would be put into.

Shipping 111

Shipping How To Cost Reduction Strategies Supply Chain Optimization 111

SCMDOJO

MARCH 28, 2023

Initially introduced by Nakamoto in 2008 in his publication on Bitcoin, blockchain technology refers to a decentralized peer-to-peer network that runs behind Bitcoin transactions. References Nakamoto, S. Blockchain technology is a decentralized, digital ledger that records transactions in a secure and transparent way. Vermeire, P.

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 107

Unleashed

JANUARY 31, 2023

In B2B, in-transit inventory typically refers to products that are on their way from a wholesaler to an eCommerce retailer. In B2C, it refers to products that are on their way from the merchant’s warehouse to the final customer. In-transit inventory refers to goods that have left the merchant and are on their way to the recipient.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

SYSPRO Smarter ERP

DECEMBER 5, 2022

Look for references and recommendations. References are important, yet many companies overlook them when considering third-party applications. Do they engage in marketing collaborations and attend marketing events that the ERP vendor hosts, for example customer roadshows? Reach out to the ERP community.

System 98

System Manufacturing Just-in-Time Gartner 98

Taulia

NOVEMBER 14, 2021

Supplier risk refers to the possibility that a supplier (or vendor) may have a negative impact on the activity of a buying company. The failures of a supplier may lead, for example, to late delivery, disrupting the supply chain and affecting your company’s operations. A pandemic is another example. What is supplier risk?

Vendor Strategies 98

Vendor Strategies Sourcing Strategies Resource Reduction Supply Chain Planning Software 98

ShipBob

AUGUST 3, 2021

Supply chain agility refers to how quickly and efficiently an ecommerce supply chain can react to changes in the market and customer demand. Some examples of how to meet customer demand and stay agile include: Storing inventory in several distribution centers. ‘Decisiveness’ refers to the ability to make informed decisions.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Sourcing Strategies Inventory Reduction Material Savings 119

Adexa

JANUARY 16, 2024

We refer to such systems as Advanced Planner-Assisted Systems (APAS). For example, how the equipment efficiencies change, or supplier lead-times vary. A simple example is variability and optimization of safety stock levels needed based on seasonality, competition, demand changes etc.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Modeling Software 52

Taulia

JULY 24, 2023

Automation Automation is a generic term that refers to the use of various technologies to automate mundane or repetitive tasks. Accounts payable automation software , for example, can be used to improve the management of invoicing and payment processing while reducing errors and processing costs.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Software Optimization Software Forecasting Software 88

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

A simple example of this would entail considering inventory and stock on hand (internal data) along with changes in weather patterns due to climate change (external data), and how both factors affect a factory’s ability to deliver on its orders. Automation, the first step towards digital transformation.

Manufacturing Procurement 111

Manufacturing Procurement Innovation Optimal Sourcing Manufacturing 111

Supply Chain Game Changer

AUGUST 16, 2022

For example, customers increasingly need smaller batch sizes of end products. CNC machining services refer to a process method that uses digital devices and information to control parts and the movement of milling cutters to process parts on a CNC machine. An example of this is the printing of some parts for aircraft.

Supply Chain Software 92

Supply Chain Software Supply Chain Design Software Optimization Software Cost Reduction Strategies 92