ToolsGroup

APRIL 27, 2022

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Image source: APA. The following experts share eight sources of stress at work. And plenty of us are feeling that stress at work. In…and out…there you go!)

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

Logility

MAY 17, 2023

This exercise, called network design optimization , helps rethink the supply chain based on multiple variables, including customer demand, demographic trends, labor availability, supply availability, and regional markets.

Vendor Strategies 171

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 171

Logility

JUNE 23, 2023

Creating and comparing business scenarios in spreadsheets are fruitless exercises in glancing in the rearview mirror rather than looking ahead at the opportunities and risks emerging on the horizon. And next to impossible is creating plans in a timely manner when monitoring unrelated KPIs across multiple disconnected sources of data.

S&OP 199

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 199

Supply Chain Matters

NOVEMBER 9, 2022

Citing sources familiar with plans, The Wall Street Journal report ( Paid subscription or metered view ) indicates that the semiconductor producer plans to announce in the coming months the building of a second cutting-edge plant north of Phoenix, Arizona , a presence that the chip maker originally committed to in 2020. has to do so as well.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Cost Reduction Strategies Report 52

Logistics Viewpoints

OCTOBER 21, 2021

Decisions such as what should be the order minimums and multiples, what should be the replenishment frequency to my downstream locations, what should be the splits between different sources available, and how they should be prioritized, are all the types of policies that need increasingly frequent revision.

Supply Chain Design Software 189

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

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. Joint tariff payment is a better strategy for both partners when compared with looking for a totally new supplier or sourcing from a different country altogether.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

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

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.

Supply Chain Planning Software 261

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

The Logistics of Logistics

DECEMBER 5, 2022

in Exercise & Wellness from Arizona State University and M.S. Smart Freight Sourcing with Andy Semisch. Brad brings it all to the table from characterizing Emerge’s brand and culture, presenting Emerge’s value proposition to the industry, and determining pivotal insights to enhance customer experience. About Emerge.

Supply Chain Network Software 210

Supply Chain Network Software Logistics Network Optimization Software Sourcing Strategies Modeling Software 210

Enterra Insights

FEBRUARY 7, 2023

East notes, “Sustainability analytics requires a lot of data from many different sources. Some of that data already exists and is standardized, while other data is coming from new sources with no established standards.” Treat data collection as a dynamic exercise. Understand where your data is coming from.

Predictive Analytics 130

Predictive Analytics Analytics Software Manufacturing Procurement Predictive Analytics 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. And what is sitting in the warehouse. And at the cross-dock. And in the rail car. 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

QAD

OCTOBER 6, 2022

Half the battle of getting young people into manufacturing is an exercise in educating them about what our interests are (and in many cases, that they even exist!). The other half, which is often overlooked, is an exercise in manufacturers learning about young people’s interests and preparing to meet them. .

Manufacturing Procurement 97

Manufacturing Procurement Sustainability Waste Reduction Manufacturing 97

Logility

DECEMBER 1, 2021

For most industries, the chain of custody is an exercise for tracing lots or batches from the initial origin to a finished product and into the consumer’s hands. But it’s not that simple for the fashion industry. Brands must demonstrate that their chain of custody not only exists but is also accurate, authentic and responsible.

Sustainability 130

Sustainability Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement 130

Enterra Insights

MARCH 26, 2024

The now defunct Cognitive Computing Consortium once noted: “ The cognitive computing system offers a synthesis not just of information sources but of influences, contexts, and insights. 6] Thomas Schelling, “The role of war games and exercises.” Such environments beg for the application of cognitive computing solutions. 5] Michael C.

Analytics Software 130

Analytics Software Supply Chain Design Software Optimization Software Modeling Software 130

Logistics Viewpoints

MAY 26, 2022

This is not a continuous improvement exercise, but a matter of survival as greater unpredictability prevails in our markets, continually taxing resources, and challenging forecast accuracy on both the demand and supply sides.

Logistics Network Optimization Software 263

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

EC Sourcing Group

SEPTEMBER 27, 2022

Not long ago, sourcing was still an “analog” process, with a lot of back-and-forth communication via phone calls, emails, and meetings in person. Technology has finally caught up with sourcing and procurement—evolving processes by leaps and bounds in a relatively short amount of time. eSourcing Platforms : The Must-have Tools.

Analytics Software 52

Analytics Software Procurement Solutions Supply Chain Software Procurement Analytics 52

Logistics Viewpoints

MAY 22, 2023

Moreover, this exercise might need to be repeated several times depending on how the war proceeds. The purpose of data aggregation is, on one hand, to minimize the number of records you’ll be working with and, on the other hand, to reflect critical business patterns: order prioritization, customer segmentation, sourcing logic.

Supply Chain Design Software 178

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

Resilinc

MARCH 26, 2024

This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points. EventWatch AI —Resilinc’s supply chain disruption alert platform— monitors text-based electronic media worldwide 24/7, from over 104 million sources in 108 languages.

Modeling 114

Modeling Supply Chain Risk Management Modeling Software Risk Management 114

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

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

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

ivalua

JUNE 6, 2019

In this conversation, Cyrille Naux discusses: The business objectives behind Chassis Brakes’ supplier consolidation exercises. Why they found it absolutely necessary to organizationally separate sourcing from procurement. How 100% spend insight is not the same as 100% spend under management.

Manufacturing Procurement 100

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Data 100

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. Further announced was an assessment of owned retail operations in the U.S. over the coming months.

Inventory Reduction 52

Inventory Reduction Customer Service Price Reduction Cost Reduction Strategies 52

Logistics Viewpoints

APRIL 5, 2021

The company has a sourcing team that vets the beans. Thus, in addition to their roasting plant with an inbound warehouse attached to it, and a warehouse for outbound finished goods in nearby Oakland, the company also has 700 reps that source their product from roughly 100 small DSD warehouses across the nation.

Supply Chain Planning Software 224

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 224

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

ToolsGroup

OCTOBER 11, 2017

They add that best practice can also include accountability for stakeholder inputs, recognizing sources of error, and measuring performance. One example that Steutermann cites are segmentation exercises that identify specific items that could be forecast better.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Elementum

JULY 7, 2022

This exercise is also useful in identifying staffing needs, communication, risks, and constraints to ensure project management software is used to its full potential. Supply chain disruption is an ongoing challenge, facing issues such as scarcity, transportation, and the changing landscape produced by the pandemic.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 78

QAD

AUGUST 26, 2021

Means Manufacturing in Transition”, QAD’s Glenn Graney, director for the Industrial and High Tech markets, reflects on artificial intelligence: “Artificial Intelligence (AI) is already transitioning from an academic exercise to an impactful business proposition. In his white paper , “ No Matter What You Call It: Industry 4.0 Data Readiness.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. More consumers purchased bigger, bulkier items – furniture, exercise equipment, etc. Does any of that sound like the past two years or so? What is Supply Chain Resilience? Overall, U.S.

Supply Chain Planning Software 189

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

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

BlueYonder

JANUARY 8, 2024

By seeing the relationship between profit and planet more clearly, decisionmakers should be convinced of investments beyond them just being a tick-box exercise. This more bespoke approach is likely to lead you to more diverse manufacturing network formulation with alternative sources, make-and-buy optionality, or nearshoring possibilities.

Optimal Sourcing 80

Optimal Sourcing Modeling Waste Reduction Supply Chain Planning Software 80

Supply Chain Shaman

JANUARY 15, 2018

There is a need to manage excitement and exercise caution. With the evolution of open source technologies with schema-on-read capabilities, new forms of decision support are evolving to drive insights in the enterprise, and Blockchain is becoming the system of record for B2B. Sort fact from fiction. Exciting Trends.

Analytics Software 210

Analytics Software Supply Chain Planning Software Manufacturing Procurement Demand Planning Software 210

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

Taulia

FEBRUARY 9, 2022

Any new supplier onboarding exercise is triggered by the identification of a procurement need. This involves sourcing potential vendors or suppliers that meet the procurement need and evaluating their suitability. These generally include the following: Identify the need for a new supplier based on procurement requirements.

Optimal Sourcing 98

Optimal Sourcing Sourcing Strategies Vendor Strategies Optimization Software 98

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. Too often, the process is distilled down to a “check the box” exercise on individual suppliers.

Supply Chain Risk Management 130

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

Supply Chain Matters

SEPTEMBER 6, 2023

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. We sense that the accelerating manufacturing growth across India is reflective of changing global sourcing strategies within specific industry sectors. in August compared to 57.7

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

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. By performing a handful of scenarios, where there are millions of variables and causes is truly a futile exercise.

Supply Chain Planning Software 98

Supply Chain Planning Software Modeling Supply Chain Planning Scenario Planning 98