Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises. Do I need more inventory? Procurement managers need to focus on more than just saving money.

Supply Chain Visibility 205

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 205

SCMDOJO

AUGUST 21, 2023

With 15,900 followers, he has carved a niche for himself by using fitness-related analogies and exercises to explain complex supply chain concepts. These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 359

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 359

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge Three: Nurture procurement and supplier relationships ERP analytics ensures adherence to ethical standards and compliance with industry regulations, fostering transparency and accountability. The ability to monitor transfers between multiple warehouses provides complete visibility, ensuring efficient inventory management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Enterra Insights

AUGUST 11, 2022

Make and exercise contingency plans. Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. Business model strategies.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 217

JDA software

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Let’s take a closer look at each of these key areas.

Supply Chain Design 75

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 75

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

CH Robinson Transportfolio

NOVEMBER 19, 2020

And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes. Conduct procurement exercises regularly and often. Your changing business goals and those of your carriers are also taken into consideration through regular procurement bids.

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

Supply Chain Matters

AUGUST 15, 2022

Inventory Glut of Bicycles. In retrospect, they collectively ordered too much finished goods inventory from offshore supply sources. Cited are interviews with dealers who indicated multiple lost sales during the initial lockdown periods, because of not having any new bikes in inventory. West Coast were in excess of 200 days.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

SCMDOJO

MARCH 25, 2024

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Get Familiar with WMS : Explore warehouse management systems to understand how they enhance inventory tracking and improve order fulfillment.

Negotiating Skills 85

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 85

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Taulia

JULY 7, 2022

Let’s look more closely at what procurement spend management is, the challenges companies may face in this area, and six steps organizations can take to boost the effectiveness of their approach. This means that less time can be spent on new initiatives in accounts payable and the procurement department that can bring about better ROI.

Material Savings 52

Material Savings Purchasing Training Manufacturing Procurement Procurement Solutions 52

Supply Chain Matters

FEBRUARY 23, 2023

Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts. The report further indicates that many retailers have pulled back on inventory replenishment orders while continuing to work through backlogs of inventory.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

SEPTEMBER 12, 2022

But the more intellectual exercise is to figure out what happened to create those problems in the first place. The company had hired a new Chief Procurement Officer. The Supply Chain Detective and the Inventory Turnover Mystery! But as I crawled into the details I learned that they only had 5-6 inventory turns.

Supply Chain Software 83

Supply Chain Software Supply Chain Planning Supply Chain S&OP 83

Supply Chain Matters

NOVEMBER 21, 2022

For Walmar t, sales of higher margin discretionary products such as electronics, household goods and apparel reportedly continued to impact margins and excess inventory. business unit inventory levels now amount to $1 billion in excess inventories compared to $1.5 In its reporting, Bloomberg reported that U.S.

Retail 52

Retail Inventory Reduction Price Reduction Demand Planning Software 52

C3 Solutions

JULY 30, 2020

Nobody wants to be the guinea pig," Intel's global logistics procurement director Greg Christensen told the authors of the 2019 State of Logistics Report. Its ability to bring about accuracy and efficiency to both inventory and inventory-related tasks absolutely has a cost-benefit component. Where's the ROI?

Gartner 127

Gartner Internet of things Supply Chain Design Software Supply Chain Software 127

BlueYonder

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Let’s take a closer look at each of these key areas.

Supply Chain Design 40

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 40

Unleashed

JANUARY 11, 2023

And every time this happens, an inventory write-off is necessary. Link Reporting Co-founder and all-round accounting expert, Will McTavish, explains what inventory write-offs are, why they matter, and how to conduct one. In this guide to inventory write-offs: What is an inventory write-off?

Inventory Reduction 96

Inventory Reduction Inventory Expense Reduction Cost Reduction Strategies 96

Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. ” Cognitive technologies can help those exercises as well as contribute to other areas of risk management.

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Supply Chain Game Changer

JULY 2, 2021

We’ve interviewed executives in Retail , Public Sector , Procurement and other industries and disciplines to get a sense of how the industry is reacting, not only to navigate the immediate challenges, but to future proof themselves from future disruption. The latest major disruption that has the entire supply chain world buzzing?

Shipping 105

Shipping Agile and Lean Supply Chain Supply and Demand Price Reduction 105

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 223

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 223

Supply Chain Matters

SEPTEMBER 6, 2023

The overall pace of decline in overall new business was noted by the report authors as the steepest since January and have led Taiwanese manufacturers to lower their purchasing activities, drawdown inventory levels and continued staff level reductions. The inventories index decreased 2.1 Continued Contraction Levels for the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Arkieva

OCTOBER 20, 2015

What can cause disruptions on a certain production line, are there alternatives for a specific STO flow… make sure that once you have completed this exercise, you have a thorough understanding of how your business operates including the bottlenecks and potential threats. Procurement lead times (supplier to location). Current inventory.

Modeling Software 60

Modeling Software Modeling Supply Chain Planning Software Procurement Solutions 60

Supply Chain Matters

JULY 25, 2022

Previous global materials sourcing and just-in-time driven inventory management policies were laid bear with the realization that supply risk was a more problematic and business critical dimension. The augmented inventory approaches, although troublesome and concerning, are a likely tactical manifestation of risk mitigation.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

BlueYonder

JANUARY 3, 2023

Sieber’s team at Colgate-Palmolive takes a proactive approach to planning, regularly running exercises to prepare for many different scenarios as disruptions emerge. “On This could be activating alternative sources, increasing inventory for contingency, or finding extra labor,” he notes. Digitalization Is No Longer Optional.

Supply Chain Planning Software 92

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 92

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Supply Chain Matters

JANUARY 11, 2023

Over time, the notions of singular events or annual planning exercises changed significantly, beyond a consulting firm engagement and into the fabric of ongoing strategic, tactical, and lately, operational network planning and analysis. Added Importance.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 101

ThroughPut

APRIL 21, 2022

S&OP is a pointless exercise that adds no value to revenue growth or cost savings. While the numbers are derived from data about customer demand, supply, pricing, inventory levels, etc. Truth: True, lean manufacturing helps eliminate waste, enabling inventory to be used just in time to meet customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning S&OP Modeling 52

NC State SCRC

MARCH 25, 2021

Because procurement executives were so focused on cost, they did not worry about shipment velocity. Any asset that is not producing value is considered waste, and a fundamental of “lean thinking” is that inventory is waste, and time is money. For many years, as we moved to low cost countries, the shipping industry benefited.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Supply Chain Matters

JULY 15, 2022

The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. The company lacked visibility to inbound inventory and a third-party logistics provider’s tracking systems were not aligned to Peloton ’s customer service support needs.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Matters

NOVEMBER 6, 2023

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2 value reported for September.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Supply Chain Matters

OCTOBER 6, 2023

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. This exercise will more than likely require a good amount of scenario based or what-if planning approaches given the continued high level of risk factors across global supply networks. reflecting a 0.4

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59