Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. This lack of coordination means that different departments might be sourcing from suppliers that don’t follow sustainable practices or social responsibility standards.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

RFgen

DECEMBER 19, 2024

Production Capacity Analysis While traditional testing methods can be time-consuming and offer incomplete data, focusing on key production metrics within the manufacturing process provides more actionable insights. Consider these essential metrics: Asset Utilization: How efficiently are your machines being used?

Material Savings 92

Material Savings Resource Reduction Sourcing Strategies Inventory Reduction 92

Precoro

MARCH 27, 2025

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. It cuts costs yet helps maintain product quality and smooth operations. Identify unnecessary spending.

Cost Reduction Strategies 45

Cost Reduction Strategies Expense Reduction Price Reduction Vendor Strategies 45

Logistics Viewpoints

APRIL 7, 2025

Whether you’re managing a distribution center, coordinating fleet operations, or shaping global supply strategy, understanding how to deploy and scale digital twins may be your next competitive edge. And reconfiguring layouts or processes can be risky and expensive. The Business Problem: Complexity Without Control 1.

Sourcing Strategies 218

Sourcing Strategies Modeling Supply Chain Design Software Warehousing 218

RFgen

DECEMBER 19, 2024

In this comprehensive guide, we’ll explore the key elements of warehouse optimization and provide actionable strategies you can implement today. An in-depth look at the tangible benefits, from cost reduction to increased customer satisfaction. Process Improvement: Streamlining workflows to eliminate redundancies and bottlenecks.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Modeling 97

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

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

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

Manufacturing Procurement 269

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 269

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. This is a short term strategy, and one that can ultimately damage relationships with key suppliers.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

Supply Chain Shaman

NOVEMBER 15, 2021

Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. EDI is slow, expensive and single-directional. The strategy department in most shipper organizations sits in finance while the network design technology expertise is usually a much lower level in operations. The Efficient Supply Chain Is Effective.

Supply Chain Design Software 355

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

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

Logistics Viewpoints

MARCH 3, 2025

Their plants are very expensive. They prepare equipment for maintenance, do isolation (disconnect a piece of equipment from the flow of chemicals by closing valves), look at quality or reliability metrics, and do rounds. trillion records from 47 data sources in the Cognite platform. Maximizing factory throughput is critical.

Negotiating Skills 183

Negotiating Skills Supply Chain Design Software Modeling Software Optimal Sourcing 183

GlobalTranz

JUNE 8, 2017

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. It cuts down costs on software maintenance and upgrade. The cloud-based logistics has lots of metric tools.

Logistics Network Optimization Software 277

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

Supply Chain Shaman

DECEMBER 17, 2018

The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015.

Demand Planning Software 322

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 322

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

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement?

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

QAD

APRIL 8, 2025

It is crucial that organizations consider and develop strategies for effectively mitigating the impact of tariffs. Key challenges include: Increased Production Costs: Higher material expenses due to tariffs can strain profit margins. Shift in Supplier Dynamics: Companies may seek alternative sourcing options to mitigate cost increases.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Price Reduction Expense Reduction 52

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. per unit, reducing the actual cost to $90,000.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

My Office Apps

OCTOBER 21, 2024

This allows businesses to track expenses, costs, and payments against the appropriate financial accounts. By automating this process, you reduce errors and improve financial reporting accuracy. Kechie ERP with VRM capability helps you monitor metrics like delivery times, product quality, and order consistency.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

DELMIA Quintiq

APRIL 15, 2020

There’s a battle to win and retain consumers at the last mile, but the many moving and interdependent parts of last mile operations are making it the most complex and expensive part of the supply chain. In a sea of solutions, what’s most important to realize is that technology can only enable change if it fits your specific strategy.

Supply Chain Planning Software 271

Supply Chain Planning Software Optimal Sourcing Optimization Software Supply Chain Planning 271

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

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

Precoro

JUNE 3, 2025

With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. What procurement teams need is a clear view of their spend, tighter control, and a strategy that delivers lasting value—exactly what category management provides. Read on to learn: What is category management?

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

Logistics Viewpoints

FEBRUARY 2, 2023

3PLs can quickly assess client-level profitability via accurate cost-to-serve metrics and analytics on demand while creating a verifiable audit trail of events and charges that reduce potential credit settlements and contribute to customer satisfaction.

Supply Chain Planning Software 273

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 273

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

QAD

MARCH 28, 2019

Most people realize that on-time delivery plays a key role in how business’ satisfy customer needs, but customer satisfaction can be an expensive undertaking if the company doesn’t manage all aspects of customer service and the business processes that affect them. Very little has more impact on a company’s success than customer satisfaction.

Customer Service 99

Customer Service Metrics Forecasting Forecasting Software 99

SCMDOJO

APRIL 11, 2025

But what if you could get a clear, birds-eye view of your core performance without investing in complex, expensive software? Running procurement and supply chain without metrics is like driving blindfolded. Decoding the Metrics: What Are They Telling You? It informs supplier base management strategy and risk assessment.

Pricing Training 72

Pricing Training Negotiating Skills Optimal Sourcing Purchasing Skills 72

SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. But when should you consider reducing inventory? The same applies to inventory reduction.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

ivalua

JUNE 29, 2020

The average hospital spends nearly 30% of its overall non-labor operating expenses on supply chain expenses. According to this same research, there is an opportunity to reduce total supply expense by average of 17-18% for a given hospital. For many it’s likely that the opportunity is much larger.

Supply Chain Planning Software 219

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

Silvon Software

MAY 6, 2025

They need visibility across multiple internal systemslike ERP, CRM, and financial platformsand even external sources shared with suppliers, partners, and customers. Modern platforms pull data from a wide array of sources: ERPs, relational databases, Excel files, cloud apps, third-party providers, and beyond. Why does that matter?

Prescriptive Analytics Software 89

Prescriptive Analytics Software Analytics Software Predictive Analytics Software Supply Chain Design Software 89

Unleashed

APRIL 27, 2022

We take a look and offer strategies and case studies, along with tips from supply chain professionals. A circular supply chain is where used products or their parts are returned or processed so they can be repaired, resold, refurbished or recycled – which reduces waste from the supply chain and is more sustainable.

Material Savings 96

Material Savings Waste Reduction Cost Reduction Strategies Resource Reduction 96

Talking Logistics

AUGUST 13, 2018

The second question we get is what strategies can we implement to lower our transportation costs. We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. I asked Michael about the impact omnichannel fulfillment is having on transportation strategies. “A Getting started.

Negotiating Skills 145

Negotiating Skills Optimal Sourcing Optimization Software Price Mitigation Strategies 145

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

o9 Solutions

APRIL 8, 2025

Instead of cutting costs in ways that hurt supply chain resilience, procurement and planning align on strategies that reduce costs while keeping operations flexible. Toyota, for example, has long integrated procurement and planning KPIs to ensure cost savings don’t come at the expense of supply chain resilience.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Cost Reduction Strategies 52

Supply Chain Shaman

NOVEMBER 15, 2021

Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. EDI is slow, expensive and single-directional. The strategy department in most shipper organizations sits in finance while the network design technology expertise is usually a much lower level in operations. The Efficient Supply Chain Is Effective.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. EDI is slow, expensive and single-directional. The strategy department in most shipper organizations sits in finance while the network design technology expertise is usually a much lower level in operations. The Efficient Supply Chain Is Effective.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Precoro

MAY 13, 2025

Every dollar counts, especially when expenses spike and profits shrink. You’ve probably heard the terms cost-effective and cost-efficient thrown around in meetings or business strategy sessions, but do you actually know the difference? Which strategy is cost-efficient? cost per product or service).

Sourcing Strategies 45

Sourcing Strategies Cost Reduction Strategies Purchasing Skills Negotiating Skills 45