HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). . We are discussing them.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Unleashed

OCTOBER 6, 2021

Another technique you can use is to audit existing relationships with suppliers to ensure transactions are running as smoothly as possible – a method used by business and government organisations alike. Using this strategy improves efficiencies in product delivery, frees up capital and reduces warehousing costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ShipBob

NOVEMBER 15, 2021

Rather, with time and planning, you can research the most cost-effective supply chain solutions, and factor in hidden logistics costs that you might not remember to budget for otherwise (such as labor, warehouse insurance, and equipment). Procurement and manufacturing. Warehouse management. Logistical Process. Planning tips.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. Get OUR EBOOKS HERE. What is Purchase Price Variance (PPV)?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

GlobalTranz

FEBRUARY 10, 2017

Government Pressures Will Catalyze Major Decisions. He has threatened to unwind major trade agreements, penalize logistics companies that move operations overseas, including manufacturing and warehousing services, and stifle companies’ plans for growth in emerging markets. Remember the Amazon Barbell?

Third Party Logistics 120

Third Party Logistics Logistics Network Optimization Software Procurement Analytics Purchasing Skills 120

Unleashed

APRIL 12, 2023

B2B procurement contracts can last for prolonged periods and be worth millions of dollars. B2B payment plans generally involve the procurement of goods on credit, while B2C payments are paid when an order is placed or on delivery when the goods are received. Learn more: 12 Warehouse Metrics & KPIs You Should Be Tracking 3.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Supply Chain Design Software Supply Chain Software 52

ToolsGroup

APRIL 1, 2022

Since neon gas is used to produce semiconductor chips, both governments and businesses are seeing prices increase. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Wall Street Journal ). Ukraine supplies approximately 50% of the world’s neon gas.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

SCMDOJO

AUGUST 16, 2023

Read More: ERP Master Data: A Guide to Improve Quality & Governance ] Role of Data Analysis through Barcode Scanning and Point-of-Sale Systems Data analysis is at the core of Walmart’s supply chain prowess. Walmart’s emphasis on direct procurement is further bolstered by the use of technology and information systems.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

The Network Effect

OCTOBER 3, 2014

Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery. Supplier shipment information accuracy.

Supply Chain Network Software 197

Supply Chain Network Software Automotive Modeling Software Supply and Demand 197

BlueYonder

MAY 22, 2020

Other players are being forced to lease or purchase additional warehouse space to fulfill surge demand. Even as infection curves flatten and government guidelines continue to relax, it will be necessary to keep many of these protective measures in place. The long-term impacts of the pandemic will require continuing measures.

Cost Reduction Strategies 88

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 88

Supply Chain Game Changer

JANUARY 12, 2021

The IRS or some other government agency is after you. You receive phone calls or texts looking for you to click or to provide your financial information. You get a message saying you either won a lottery or inherited a lot of money. You are being sued. Or your identity has been stolen. The number of seniors who are scammed is horrendous.

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 57

GlobalTranz

NOVEMBER 17, 2016

True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology. Transportation modes used in procurement and shipping. However, the fundamental problem remains. Increasing order efficiency. Demand forecasts. Demand fluctuations.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. I had to simultaneously drive improvements across all dimensions: major processes, customers, functional areas, metrics, facilities, and finally culture. Infographic).

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

Enterra Insights

JULY 28, 2020

” Alex Saric ( @alexsaric ), a procurement expert at Ivalua, told Eason, “There is a huge appetite to develop cognitive supply chains, which is only set to increase as more success stories come to light. But for many, achieving a fully cognitive one is currently just a pipe dream because of poor quality data.”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Supply Chain Game Changer

NOVEMBER 16, 2018

In the situation I was in there were obviously no metrics that were being reviewed and used. There are many metrics that are very helpful including: Cash dollars and days of supply. You need a clearly defined set of metrics that are measured and reviewed regularly. Your Procurement team likely sets payment terms with Suppliers.

Procurement Analytics 53

Procurement Analytics Inventory Reduction Metrics Forecasting 53

NC State SCRC

JANUARY 18, 2023

Handfield and Universidade Federal do Espirito Santo’s Dr. Marcos Paulo Valadares de Oliveira showed that an open analytics culture (OAC) strongly correlates with improved supply chain performance metrics. Supply Chain Metrics!?!? – Why should managers who work outside of “Supply Chain” care about this study?

Analytics Software 40

Analytics Software Resource Reduction Cost Reduction Strategies Waste Reduction 40

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Picking the right metrics can be challenging, however, and it will inevitably involve trade-offs.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

ThroughPut

NOVEMBER 28, 2023

Businesses can gain valuable insights into cost-saving opportunities by integrating data from various sources such as transportation, procurement, and inventory. Additionally, the software can help optimize distribution and warehouse costs by analyzing factors such as order fulfillment time, storage utilization, and labor productivity.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

RFgen

APRIL 20, 2023

Regardless of which solutions you bring into your warehouse or production plant, barcoding remains a mainstay for inventory management. It’s a necessary but beneficial value-add proven to provide upticks in key performance metrics. Without it, Oracle Cloud users are bound to struggle with inefficiency and unreliable data.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

6 River Systems

JUNE 29, 2020

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. Develop a clearly defined risk mitigation governance structure. ” — COVID-19: Operations and supply chain disruption , PwC; Twitter: @PwCUS 10.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

NC State SCRC

DECEMBER 8, 2019

Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc. My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. and will operate more efficiently. I told him I needed it NOW, not in a week.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 52

Unleashed

MARCH 14, 2021

It can require a team in the receiving country making sure products are delivered to the right warehouse and stored correctly, a dedicated team to oversee customs and more. Instead of a dedicated team managing supplier relationships, it might be the procurement manager who manages that as part of their role.

Supply Chain Software 97

Supply Chain Software Food Manufacturing Procurement Gartner 97

6 River Systems

JUNE 10, 2019

You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. If the right technology is infused with your warehouse and inventory management processes, it can greatly streamline your entire operations and grant value to your organization.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

Supply Chain Game Changer

JANUARY 29, 2020

million metric tons annually. As carrier begins to adjust their rates, then down hierarchy players such as NVOCCs, LSPs, Trucking, Warehousing etc. The cost of IMO 2020 non-compliance on government authorities. Surcharges passed on to shippers. will also need to update freight tariffs accordingly.

Cost Reduction Strategies 67

Cost Reduction Strategies Virgin Islands Price Reduction Inventory Reduction 67

NC State SCRC

DECEMBER 28, 2015

Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. They discovered that there were several leading indicators of demand, including coal (a 10 month leading indicator).

Predictive Analytics Software 40

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 40

Infosys Supply Chain Management

MAY 9, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Common challenges in this area are reading partner data in different formats and still adhering to different business rules that govern data processing. Procurement Blog. Business Process Outsourcing. Categories.

Supply Chain Planning Software 29

Supply Chain Planning Software Real-time Visibility Supply Chain Software Agile and Lean Supply Chain 29

Talking Logistics

DECEMBER 12, 2013

With constantly changing markets and rates, procuring and maintaining the best possible rates can be a nightmare. Your TMS will collect the necessary information to create the import and export documents and then submit them electronically to the appropriate government agencies. The forklifts were stirring, the trailers here and about.

Optimal Sourcing 100

Optimal Sourcing Analytics Software Optimization Software Modeling Software 100