Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

KEPLER Consulting

OCTOBER 18, 2017

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath.

Purchasing Skills 60

Purchasing Skills Negotiating Skills Optimal Sourcing Sourcing Strategies 60

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Many companies buy forward inventory ahead of tariffs being implemented. This practice is illegal. Operational strategies. Buying forward. Relocating production from China.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Matters

AUGUST 15, 2022

According to published reports from both Bloomberg and The Wall Street Journal , the company will now source its hardware customer fulfillment needs to third-party logistics providers in an effort to reduce product delivery costs by up to half. Inventory Glut of Bicycles. That was the classic inventory bullwhip effect, alive and well.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Kinaxis

MARCH 27, 2018

The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals. Artificial intelligence. Machine learning. Deep learning.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Optimal Sourcing 261

Logistics Viewpoints

OCTOBER 21, 2021

The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline.

Supply Chain Design Software 189

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Modeling 189

ToolsGroup

OCTOBER 11, 2017

You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 9% reduction in inventory obsolescence (percent of inventory value). Customer service must come from inventories.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Obtain the necessary signatures to finalize the contract.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

SYSPRO Smarter ERP

AUGUST 2, 2023

Full bi-directional traceability from source to consumption enables comprehensive tracking of the product lifecycle, ensuring adherence to regulations like FDA 21 CFR Part 11 and Good Manufacturing Practices (GMP).

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. We should be able to see, with the click of a button, how much product is at the port of destination. And what is sitting in the warehouse. And at the cross-dock. And in the rail car.

Rail Software 188

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

Logistics Viewpoints

MAY 26, 2022

There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization. Achieving this objective can be complex and challenging, demanding the collection, consolidation, and standardization of data from diverse sources, as well as the ability to analyze and visualize in real time.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Modeling 263

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!

Supply Chain Design Software 178

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 178

GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. Does any of that sound like the past two years or so? Overall, U.S.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Unleashed

DECEMBER 8, 2019

Coffee retailers Campos Coffee source their beans from Kenya to Columbia to Brazil. Find out how they manage their complex supply chain with the help of inventory management software. The harvesting process is a very labour intensive exercise. Growing and harvesting. Transporting.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 95

ivalua

SEPTEMBER 19, 2022

Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. 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

Logistics Viewpoints

SEPTEMBER 7, 2022

Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises. If there is only one supplier in the world providing a critical component, “do I need to dual source?

Supply Chain Visibility 205

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 205

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. Sourcing was both a cost as well as landed cost decision factor. The move was communicated as a means to boost market share and to gain access to domestic sources of manufacturing capability.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

BlueYonder

JANUARY 8, 2024

This granular level of forecasting improves accuracy, which allows the supply chain to meet demand without creating excess inventory. By seeing the relationship between profit and planet more clearly, decisionmakers should be convinced of investments beyond them just being a tick-box exercise. The mindset is thus shifted.

Optimal Sourcing 80

Optimal Sourcing Modeling Waste Reduction Supply Chain Planning Software 80

Supply Chain Network

JUNE 7, 2011

Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory.

Supply and Demand 110

Supply and Demand Inventory Management Software Demand Planning Supply Chain Planning Software 110

ThroughPut

APRIL 17, 2024

We all know how artificial intelligence-powered tools and platforms are already helping in reducing costs, optimizing inventories, streamlining operations and are continuing to contribute in multiple ways to make supply chains fail-safe and more accurate. ThroughPut AI has been named by Gartner as a representative vendor in this category.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

Supply Chain Matters

SEPTEMBER 6, 2023

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The inventories index decreased 2.1 manufacturers are continuing to draw down inventory levels. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Logistics Viewpoints

MAY 25, 2023

The first use case is MIT professor Yossi Sheffi’s idea for using generative AI to monitor all possible sources of risk for a given supplier to mitigate any disruptions. While there is endless speculation, from my reading two supply chain-specific opportunities intrigued me. And these are all capabilities very human in nature.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 234

Enterra Insights

MARCH 18, 2021

In 2020,” Katsov explains, “managers of supply chains and inventories had to work through numerous shocks related to lockdowns, reopenings, shifts in consumer behavior and economic downturns. These developments have elevated the role of omnichannel inventory management and introduced additional challenges and complexities.”

Prescriptive Analytics Software 130

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics Software 130

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 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

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

Enterra Insights

APRIL 21, 2021

” Cognitive computing systems generally have the capability to integrate data from disparate sources; thus, eliminating the silo problem that plagues so many organizations. They include: Inventory Optimization. … Through AI-enabled inventory management, OEMs can gain better visibility into their inventory operations.

Analytics Software 130

Analytics Software Big Data Predictive Analytics Price Reduction 130

Supply Chain Game Changer

MARCH 16, 2021

I/T was going to be a source of competitive differentiation. Because we had visibility as to demand, and inventory, at a consumer level, we could completely circumvent and simplify the entire distribution channel network. The CIO had realized our mutual vision of creating a source of competitive differentiation driven by I/T.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Waste Reduction 100

Adexa

APRIL 29, 2020

Planning accuracy is critical or else it is a pointless exercise that gives a false sense of comfort to the users and the company. It does not mean having inventory ready but being prepared by having an accurate model of the environment and the supply chain, as explained below.

Supply Chain Planning Software 98

Supply Chain Planning Software Modeling Supply Chain Planning Scenario Planning 98

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. She has tiktok podcast on supply chain insights such as how supply chain touches all parts of business, our global suppluchain aty any given moment, and lets talk inventory.

Negotiating Skills 97

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

3rdwave

JUNE 21, 2019

Any company that trades globally or depends on products that are sourced globally are going to find out what resiliency means. Node visibility is essential are at the source (suppliers factories) and inventory (consolidators, manufacturing facilities, distribution centers). Flexible, configurable sourcing.

Optimal Sourcing 82

Optimal Sourcing Supply Chain Optimization Agile and Lean Supply Chain Manufacturing Procurement 82

Enterra Insights

JULY 9, 2019

this season, an above-average year is anticipated for East Asia that could affect production of consumer electronics sourced from China and Taiwan and more advanced technology products from Japan and nearby regions.”[1] While Resilience360 predicts a slightly below average number of hurricanes will affect the U.S.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Pharmaceutical 100

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Inventory Control. Dedicated tools help track inventory status and notify users when stock is low and when it’s time to initiate the next purchase. Strategic Sourcing.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Enterra Insights

APRIL 4, 2018

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. to a more resilient ‘trade-game-theory’ and ‘scenario planning’ exercise to prepare for increasingly prominent political risks.”

Risk Management 100

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

Logistics Bureau

MARCH 30, 2020

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. 3) Shorten Your Supply Chain—Source Locally.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Agile and Lean Supply Chain 52

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52