Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Sales to Forecast and Sales to Outlook. You can refine as you go!

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. Breaking it down In the U.S. 3 What’s the allure? Breaking it down In the U.S.

Manufacturing Procurement 97

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 97

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Logistics Viewpoints

SEPTEMBER 20, 2022

As a result, a wide range of businesses, from restaurants, and retail chains, to manufacturers, have been redesigning their business services and operations and re-engineering their supply chains. We need planning platforms to keep up with all the changes. This is how composable systems work.

Supply Chain Planning Software 197

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 197

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

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

ThroughPut

MAY 3, 2024

That is why logistics management software (LMS) is so much more today than what it used to be. In this blog, we’ll tell you what the evolution of a LMS has been and what you should look for while choosing the best Logistics Management Software. What is Logistics Management Software And How Does It Work ?

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

QAD

APRIL 13, 2023

While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supply chain disruptions. is likely to reach 2.1

Pharmaceutical 95

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 95

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Our Top 24 Supply Chain KPIs & Metrics. Top-Line KPIs and Metrics for Supply Chain Management.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Silvon Software

MAY 1, 2024

Predictive Analytics has emerged as a pivotal tool in this quest, offering unprecedented foresight into market trends, consumer behavior, and operational efficiencies. However, the effectiveness of predictive analytics hinges significantly on the robustness and modernized capabilities of the underlying Business Intelligence (BI) platform.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Predictive Analytics Software Analytics Software Predictive Analytics 59

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 194

Unleashed

APRIL 6, 2022

Lean manufacturing involves 13 core principles – many more than the ‘five principles’ that are often associated with this popular manufacturing system. The lean concept originally came from manufacturing, but it has gained in popularity and is now used widely across different industries and sectors.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Supply Chain Shaman

DECEMBER 28, 2020

By combining leadership and technology, I believed that we had the opportunity to create a better supply chain. The gap is the result of the stewpot of corporate politics, misguided consultants, and over-hyped technologies. The first story is about a large regional food manufacturer. My focus was simple. I was wrong. The reason?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logility

JUNE 2, 2023

In the intricate world of supply chain management, the accuracy of demand forecasting often serves as the cornerstone of business growth. Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. What is Demand Forecasting Accuracy?

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

Supply Chain Shaman

SEPTEMBER 28, 2022

Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. In this volatile world, efficient procurement led by a CFO is not the answer. COVID impacts also continue. Don’t Be Like Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

FEBRUARY 18, 2021

The systems–based on shipment and order data–were out of step with the market. With fixed models and hard-wired data feeds, teams could not adjust the planning systems to use consumption data or market indicators. Advanced planning evolved with a focus on modeling manufacturing constraints. The reason?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

SCMDOJO

APRIL 29, 2024

We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations. From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey.

Supply Chain Planning Software 86

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 86

Supply Chain Shaman

FEBRUARY 14, 2022

At the time, I was fascinated how the most mature teams bucked the system. However, this mature team found the technology insufficient. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Let me explain. Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world. In other words, it leaves you with no cash to spend until they pay.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

OptiProERP

MARCH 15, 2022

Before getting into production scheduling and how it helps manufacturers, let’s have a quick look at the functions of the production department in a manufacturing organization. The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). Current technologies and processes focus on volume trade-offs. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Logility

FEBRUARY 23, 2022

ATLANTA (February 23, 2022) American Software, Inc. million for the same period last year and software license revenues were up 87% to $1.0 million for the same period last year, while Software license revenues increased 30% to $2.3 Empresa Siderurgica del Peru SAA, Intertape Polymer Corp., million compared to $0.5

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. More recently the technology has evolved to a point where such processes can be conducted at a faster cadence than a typical monthly cadence that was the norm.

S&OP 247

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 247

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). Current technologies and processes focus on volume trade-offs. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. A Decline in Innovation.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logility

AUGUST 14, 2023

It’s important to plan a supply chain technology implementation carefully and to understand that the vendor and the client are partners on a journey to realize value for the client organization. That meeting of the minds is critical in seeking out a software vendor and to the success of the eventual implementation project.

Supply Chain Planning Software 200

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 200

Unleashed

JUNE 7, 2023

Inventory optimisation is the continuous process of ordering and managing inventory using the most cost-efficient best practices and systems. Supply Chain Dive Inventory optimisation relies on detailed data analysis, inventory management automation , and effective demand forecasting.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Logility

JANUARY 4, 2022

to identify, quantify and apply weather-driven demand calculations to business planning and forecasting. Planalytics will integrate directly into the Logility Digital Supply Chain Platform®, ultimately increasing forecast accuracy, optimizing inventories and reducing lost sales. “We ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

ThroughPut

JULY 24, 2022

The retail industry has been witnessing unending turmoil over the last couple of years by way of a series of challenges – ranging from shifts in purchasing habits and consumer demands to the vagaries of a relentless global pandemic that continues to trigger seismic upheavals. Focus on both top and bottom-line growth.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Forecasting Software Optimization Software 96

ThroughPut

APRIL 10, 2020

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Evolution of Logistics Management Software.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Evolution of Logistics Management Software.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

What is Logistics Management Software? Logistics Management Software is one that helps drive the logistics function of an organization by managing the actual flow of materials, goods, and services from the point of origin to the point of consumption. Evolution of Logistics Management Software.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

Logility

MARCH 21, 2024

As a member of Logility’s research and development team with a specialization in generative AI, I have a front row seat to witness the rapid expansion of artificial intelligence technology. In this blog, I‘ll address 10 common generative AI myths to demonstrate the value of this exciting technology.

Optimal Sourcing 224

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 224

ThroughPut

MARCH 24, 2024

However, the pandemic upended all processes that involved manufacturing, supply, and delivery of goods. This scenario raises the question: “How do we build systems that enable better demand planning for manufacturers, and what are the processes that support these?” Why do you Need Modern Demand Sensing to Solve Modern Problems?

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52