Kinaxis

DECEMBER 3, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric? by John Westerveld.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 269

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 269

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

RFgen

DECEMBER 19, 2024

That’s the power of manufacturing data collection. Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition. Let’s dive in and unlock the potential of your manufacturing data. Its the foundation of modern manufacturing efficiency.

Manufacturing Procurement 98

Manufacturing Procurement Optimization Software Supply Chain Planning Software Inventory Reduction 98

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Supply Chain Shaman

APRIL 2, 2025

The issue is that when companies optimize functional metrics, they throw the supply chain out of balance and sub-optimize value. Planners evolved in the 1980s when planning systems were not scalable and memory was expensive. The most efficient supply chain (in terms of lowest cost) is not the most effective. So, What Is Value?

Optimal Sourcing 195

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Design Software 195

Supply Chain Brain

JUNE 22, 2025

Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Enter the concept of the “microfactory.”

Manufacturing Procurement 69

Manufacturing Procurement Supply Chain Design Software Supply Chain Design Optimal Sourcing 69

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Focusing on transactions at the expense of understanding and harvesting insights from market data resulted in implementing the wrong set of controls.

Manufacturing Procurement 397

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 397

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

Logistics Viewpoints

MARCH 3, 2025

Ibrahim Al Syed, the director of digital manufacturing at Celanese, was surprisingly forthcoming about how Celanese developed these capabilities at ARC Advisory Groups 29th Annual ARC Industry Leadership Forum. The company has 55 manufacturing sites across the world. Their plants are very expensive. They must be.

Negotiating Skills 183

Negotiating Skills Supply Chain Design Software Modeling Software Supply Chain Planning Software 183

GlobalTranz

DECEMBER 30, 2014

As with the logistics category where we featured 15 most popular blog posts vs. the 10 we covered in the top manufacturing blog posts and supply chain blog posts , we write so many transportation blog posts in that category, we are going to feature the 16 most viewed transportation blog posts. Read the Full Blog Post. Read the Full Blog Post.

Logistics Network Optimization Software 305

Logistics Network Optimization Software Expense Reduction Supply Chain Planning Software Modeling Software 305

QAD

MAY 22, 2025

There are many ways an organization can cut supply chain costs. While there are no short-term fixes, enterprises should prioritize areas where they can make the quickest gains to reduce costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

RFgen

JANUARY 16, 2025

Keeping track of all your moving parts in manufacturing is a tall order. Spreadsheets just don’t cut it anymore. That’s where manufacturing inventory management software comes in. We’re talking real-time tracking, automated purchasing, and a whole lot less stress.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Supply Chain Shaman

NOVEMBER 15, 2021

Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. EDI is slow, expensive and single-directional. Build Strong Supply Chain Sourcing Development Practices.

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 355

Precoro

JUNE 3, 2025

Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

QAD

JULY 1, 2021

What are Total Manufacturing Costs? Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. This looks at all stages of the manufacturing process from raw materials to work-in-progress to final result.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

GlobalTranz

JUNE 1, 2015

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. Establish time-tables.

Manufacturing Procurement 120

Manufacturing Procurement Agile and Lean Supply Chain Waste Reduction Inventory Reduction 120

IQMS

AUGUST 5, 2022

Sustainable manufacturing has become essential for manufacturers to maintain customer loyalty, win new business, and remain competitive in today’s supply chain based marketplace. In the past, manufacturers were slow to set goals in this area. Sustainable manufacturing also enhances employee, community, and product safety.”

Manufacturing Procurement 52

Manufacturing Procurement Sustainability Waste Reduction Manufacturing 52

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Logistics Viewpoints

MAY 19, 2022

Containerization eventually reduced shipping and loading costs by at least 75%. The trade with Asia we take for granted today was only possible by mitigating a significant supply chain trade-off – reducing costs without appreciable impacts to quality and service. The problem space has gotten harder, not easier. Now that’s an ROI!

Optimal Sourcing 300

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 300

RFgen

NOVEMBER 13, 2024

Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. It puts you in control of your stock, allowing for optimized inventory levels, better demand forecasting, and improved purchase planning.

Inventory Management Software 96

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 96

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Cost reduction is still very important. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

QAD

APRIL 8, 2025

Manufacturers and distributors are highly susceptible to global trade disruptions, particularly tariff changes stemming from trade wars, geopolitical shifts, or regulatory updates. It is crucial that organizations consider and develop strategies for effectively mitigating the impact of tariffs.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Price Reduction Expense Reduction 52

GlobalTranz

JUNE 8, 2017

Each industry has its peculiarities, among the others, in the logistics, manufacturing, and supply. It also reduces your resources and improves processes. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates.

Logistics Network Optimization Software 277

Logistics Network Optimization Software Resource Reduction Modeling Software Cost Reduction Strategies 277

Supply Chain Shaman

OCTOBER 29, 2020

In a win/lose relationship, one party gains at the expense of the other. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The company in an effort to reduce costs outsourced payments. True collaboration is systemic. My takeaway?

Optimal Sourcing 299

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 299

Supply Chain Brain

JUNE 16, 2025

Fleet managers oversee budgeting, cost controls, and maintenance expenses. Focus on retention by reducing burnout. Fleet managers who have the training and time to focus on preventive maintenance and asset management keep vehicles on the road longer and reduce unplanned expenses. Rising costs.

Negotiating Skills 91

Negotiating Skills Supply Chain Planning Software Pricing Training Optimal Sourcing 91

GlobalTranz

MARCH 15, 2017

While trucks have a smaller carbon footprint/kg/km than air freight, the enormous volume of truck freight explains why reducing the carbon footprint is a priority goal. . Add in emissions from fork trucks, yard trucks, 3PLs and there’s almost no way for a shipper to easily assess, track and reduce their carbon footprint. .

Cost Reduction Strategies 136

Cost Reduction Strategies Waste Reduction Expense Reduction Material Savings 136

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. The average hospital spends nearly 30% of its overall non-labor operating expenses on supply chain expenses. Share on Twitter. Big Opportunity Ahead.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

RFgen

MARCH 10, 2025

In this article, we’ll delve into the challenges of stock balancing, explore effective strategies, and examine how this often-overlooked practice can significantly impact your bottom line. Inventory balancing, therefore, becomes a crucial strategy for reducing costs, increasing efficiency, and ultimately, satisfying customers.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

Precoro

MAY 19, 2025

Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?

Procurement Analytics 45

Procurement Analytics Procurement Solutions Manufacturing Procurement Examples 45

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

SCMDOJO

FEBRUARY 26, 2025

While CPI is normally used within project management and earned value analysis, it has significant application and importance within supply chain contexts, particularly in procurement, logistics and warehousing. Example: If a company planned to procure materials worth $100,000 but ended up spending $120,000. A CPI of 0.83

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Negotiate Pricing Cost Reduction Strategies 52

Logility

AUGUST 17, 2016

Process manufacturers face a highly complex supply chain challenge. Add to these factors such as razor-thin margins, SKU-proliferation, globalization, and products that tend to be heavy, bulky and/or expensive to move and it quickly becomes apparent why process manufacturing supply chains are very challenging.

Material Savings 100

Material Savings Inventory Reduction Expense Reduction Resource Reduction 100

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. It started in manufacturing and spread, step by step, to improvements in the way the company runs its supply chain. But breakthroughs that boost customer centricity can’t come at the expense of a poor bottom line. It takes time.

Supply Chain Transformation 261

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 261

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Supply Chain Matters

JANUARY 21, 2025

This study identified the five most disrupted industries in 2024 to be Life Sciences , Healthcare , General Manufacturing , High Tech , and Automotive , marking the fourth year in a row that these particular industries have been the most impacted. government as well as potential retaliatory measures by other countries.

Supply Chain Disruption 59

Supply Chain Disruption Study Supply Chain Planning Software Supply Chain Strategy 59