ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Consider global container shipping rates. Ocean shipping rates will remain high and unpredictable until the end of 2023, compared to pre-pandemic years, so shippers need to adjust and find new ways to succeed.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

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. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SCMDOJO

MARCH 27, 2024

That includes inventory tracking, order management, demand forecasting, and logistics planning. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Hence, it offers an accessible and streamlined procurement solution. Cons: It is more focused on procurement. Cons: Focused on freight.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 69

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

ToolsGroup

SEPTEMBER 8, 2021

This goes back to how many organizations utilize traditional, demand-driven forecasting , which is heavily focused on forecast accuracy regardless of the fact that your demand forecast is always wrong. Well, as with any supply chain planning process, you start with a forecast. So first off: What is production planning?

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

Supply Chain Game Changer

JULY 2, 2021

Shipping container shortage article and permission to publish here provided by Sam White at Argentus. The massive global shipping squeeze. In their story about the shipping shortage, the CBC quoted shipping analyst Alan Murphy, who detailed how this changing demand has massively disrupted the global shipping market.

Shipping 105

Shipping Agile and Lean Supply Chain Supply and Demand Price Reduction 105

Supply Chain Brain

APRIL 19, 2023

Software companies are looking at how the tool can improve forecasting, procurement, inventory management and even the nuts and bolts of shipping decisions.

Supply Chain Software 69

Supply Chain Software Inventory Management Software Forecasting Software Forecasting 69

GlobalTranz

NOVEMBER 30, 2021

Forecast Demand?with?Analytics. doesn’t require a fast-paced delivery, such as next-day or two-day shipping, it might be eligible for freight consolidation within zone skipping, which lowers its total shipping cost. report that the pandemic is accelerating the automation of the procurement process. a shipment?doesn’t

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Supply Chain Shaman

JANUARY 21, 2014

.> Unfortunately, companies have invested money in traditional forecasting processes believing that if they make the forecast better that corporate performance will improve. Improving forecasting is not sufficient. It is about much more than conventional forecasting. Forecastability. Naive Forecast.

Supply and Demand 323

Supply and Demand Modeling Demand Planning Software Forecasting 323

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

SYSPRO Smarter ERP

MAY 10, 2022

In addition, demand forecasting has to be accurate and costs have to be managed. This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Demand forecasting : Data on sales history should be available to produce forecasts.

Manufacturing Procurement 111

Manufacturing Procurement Procurement Solutions Optimal Sourcing Inventory Management Software 111

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Materials Planner Forecasts material needs based on production plans and sales forecasts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Matters

NOVEMBER 7, 2023

Supply Chain Matters provides highlights of the realities of higher number of vessels among global ocean container shipping lines meeting contracting shipping demand levels that are now leading to headcount and schedule reductions. Background Ocean container shipping and logistics are the lifeblood of global supply chain movements.

Cost Reduction Strategies 59

Cost Reduction Strategies Global Industry Industrial 59

Logistics Viewpoints

FEBRUARY 20, 2023

There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. GEP offers procurement and visibility/fulfillment orchestration applications. This platform provides for visibility and collaboration – forecast, purchase order, and capacity collaboration.

Supply Chain Planning Software 212

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 212

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Proxima

MAY 5, 2021

Most forecasts suggest it will keep rising. The Covid-19 pandemic and increased container demand (due to the increase in demand for PPE) has forced global shipping costs significantly higher. This has been exacerbated by the recent blockage of the Suez Canal by The Ever Given cargo ship. Inflation is on the rise.

Optimal Sourcing 52

Optimal Sourcing Procurement Price Reduction Cost Reduction Strategies 52

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Dwell times grow as more and more ships sit in the ocean waiting to unload. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Supply chain procurement strategies had long been favoring Just in Time procurement. So, should merchants change their supply chain procurement strategies as they head into 2022? Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

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. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

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

Logistics Viewpoints

JUNE 1, 2023

Consumers have gotten used to ordering more than what they are planning to keep for trying on different sizes of clothing or shoes or for trying a new brand and shipping the returns for free. Shipping items back and forth creates needless greenhouse gas emissions, and only 54% of all packaging gets recycled. Asena holds B.S.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logistics Viewpoints

AUGUST 11, 2022

These sources may include electronic logging devices, telematics networks, mobile devices, RF devices, and GPS information from automatic identification systems for ship locations and NORAD for aircraft positioning. This may include decision-makers from IT, finance, operations, sales, and procurement. Visibility in Action.

Supply Chain Planning Software 232

Supply Chain Planning Software Forecasting Software Logistics Network Optimization Software Supply Chain Network Software 232

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The reason? Lockdowns and Disbelief.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Forecasting beauty products, which are susceptible to a broader sense of what is in or out of fashion, is difficult. Further, forecasting became more difficult.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

Logistics Viewpoints

JANUARY 9, 2023

“If things are normal, for example there are no exceptions in the forecast, there are no ‘situations’ that are out of control, then the system will just move you forward day-to-day. Then, once the goods are produced the contract manufacturer may ship to a company that engages in packaging services. You don’t need to touch it.”.

Supply Chain Planning Software 247

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 247

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. Something is wrong in this retailer’s process, whether it be materials used, packing, shipping, etc.,

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. For instance, law firms and consultants in the U.S. without being subject to tariffs.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

RFgen

APRIL 12, 2024

Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on. Some fees are more obvious, like shipping charges. Others are less visible, such as the cost of administrative tasks for procurement and order management. Next is the cost of storing the inventory.

Inventory Reduction 76

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 76

ThroughPut

OCTOBER 16, 2022

Demand planning is a key requisite for holistic supply planning as it involves building an accurate forecast of future demand based on supply drivers, to meet customer needs as precisely as possible. Therefore, one of the most critical aspects of the replenishment components is demand forecasting. Real-Time Forecasting.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Supply Chain Shaman

JUNE 29, 2022

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. For example, when I used to ship ice cream by reefer container to China from the west coast, the time on the ship was 12-18 days.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. WMS failure causes Adidas to under ship by 20%. 100M in lost sales and 20% drop in stock price in one year. Tri-Valley Growers.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

ThroughPut

NOVEMBER 30, 2023

Everything is literally a material flow problem – what to produce, how much to produce, where to produce and ship, when to ship, how much to ship, and even how to ship. Proactively minimize risks Forecast demand trends accurately and predict future demand patterns to dynamically adapt product mix and service availability.

SAP 52

SAP Optimal Sourcing Supply and Demand Data 52

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74