The Logistics & Supply Chain Management Society

JULY 16, 2023

Marco Tieman , Chief Executive Officer at LBB International Background According to the 2022 State of The Global Islamic Economy Report, the global Islamic economy is an estimated USD 2 trillion industry consisting of the following key industries: halal food, modest fashion, media & recreation, travel, pharma, and cosmetics.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Arena Solutions

OCTOBER 12, 2023

If you’re a product developer, manufacturer, or part of an engineering team, you know the excitement, challenge, and profitability that come from transforming an idea into an actual product. 1 This year’s medical device industry is projected to grow from $536.12 billion to $855.62 billion in 2023. billion to $799.67 billion by 2030.

Quality 88

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 88

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

QAD

JULY 28, 2022

It encourages us to continue meeting with automotive industry experts about supply chain issues that resonate with so many listeners. While building an EV requires a significantly smaller manufacturing footprint than what an ICE vehicle requires, many EV manufacturers lack the business systems and connections to support their production.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 96

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Enterra Insights

JUNE 1, 2021

Vaibhavi Tamizhkumaran, a Digital Marketing Executive at Indium Software, writes, “The retail industry is constantly changing and will continue to evolve, from concentrating efforts on website growth and online retail to needing faster shipping speeds. Srivastava notes that OOS can result in significant lost revenue.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

Supply Chain View from the Field

AUGUST 14, 2015

In the recent issue of Industrial Biotechnology, Jay Golden and I published a set of insights related to the challenges that exist as part of the industrial biobased economy. As part of the reauthorization of the 2014 Farm Bill, we were tasked to undertake an analysis to address these gaps and report our findings to Congress.2

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Design Industrial Industry 60

Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. Walmart recently made headlines when it toughened delivery demands for its suppliers.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

o9 Solutions

JANUARY 25, 2023

There is a big push from industry experts, regulators, consumers, and companies to move towards supply chain models based on circularity. These models aim to minimize resource use, waste, and carbon emissions and maximize reuse and recycling in the supply chain. What is the digital product passport (DPP)?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Modeling Software Predictive Analytics Software 52

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Understand technology, information, and reporting tools and how to use them in the business. performance metrics to influence vendor behavior and impact sourcing choices.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

RFgen

SEPTEMBER 24, 2015

Manufacturers use data collection devices to tell real pharmaceutical products from fakes. National Association of Boards of Pharmacy report, which discovered 96% of online pharmaceutical retailers did not meet the standards established by the NABP. WHO estimated the counterfeit pharmaceutical industry makes $431-billion a year.

Pharmaceutical 52

Pharmaceutical Manufacturing Procurement Manufacturing Supply Chain Software 52

RFgen

SEPTEMBER 24, 2015

Manufacturers use data collection devices to tell real pharmaceutical products from fakes. National Association of Boards of Pharmacy report, which discovered 96% of online pharmaceutical retailers did not meet the standards established by the NABP. WHO estimated the counterfeit pharmaceutical industry makes $431-billion a year.

Pharmaceutical 52

Pharmaceutical Manufacturing Procurement Manufacturing Supply Chain Software 52

Saleswarp

DECEMBER 27, 2023

Unit types represent standardized containers for packaging inventory, while lot codes provide crucial information about a product’s origin, processing, and manufacturing batch. Some customers may prefer to purchase products in specific unit types, while others may have options to choose from multiple types.

Warehousing 40

Warehousing Manufacturing Procurement Inventory Management Software Sourcing Strategies 40

Unleashed

NOVEMBER 15, 2021

Learn more: The Ultimate Manufacturing Guide: SME Manufacturing Explained What is mass customisation? It’s a manufacturing process for customising goods at scale while keeping unit costs low – a middle ground between standardisation and personalisation. Mass customisation does what it says on the tin.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

Precoro

JUNE 21, 2023

Accurate financial reporting is crucial for maintaining transparency, complying with laws and market regulations, and building trust in relationships with suppliers, creditors, and investors. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

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

OptiProERP

MAY 19, 2019

“A” items are also generally those with a long purchase lead time, “B” items have an average lead time, “C” items are readily available. OptiProERP’s manufacturing ERP has a number of dashboards and tools to perform the analysis of your inventory to define the appropriate ABC classifications for you. System tools to help.

Inventory Reduction 73

Inventory Reduction Optimization Software Analysis Price Mitigation Strategies 73

EMERGE App

JANUARY 25, 2021

Every manufacturing company follows three primary phases in the manufacturing process. The frequency of WIP reporting generally depends on the type of company involved. To ensure an accurate valuation of a company’s in-process inventory, one must ensure all direct and indirect manufacturing costs are incorporated.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ShipBob

AUGUST 25, 2021

In the ecommerce logistics industry , there’s been a lot of buzz on topic of last mile delivery. Some of these inefficiencies often start with improper purchase ordering. The analytics are super helpful. I f a shipment is delayed or a customer receives the wrong item, it can significantly reduce customer satisfaction. .

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

NC State SCRC

JANUARY 1, 2023

As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supply chain executives to consider. Inflation will persist.

Predictive Analytics Software 94

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Pharmaceutical 94

BlueYonder

MARCH 16, 2018

A Wall Street Journal report said carriers added 5,600 jobs last month, according to U.S. The news came as the latest jobs reports showed robust growth across construction and manufacturing, adding to transportation demand. and other providers, and will require a $30 minimum purchase plus a $9.95 freight market.

Demand Planning Software 40

Demand Planning Software Logistics Network Optimization Software Company Supply Chain Software 40

BlueYonder

MARCH 16, 2018

A Wall Street Journal report said carriers added 5,600 jobs last month, according to U.S. The news came as the latest jobs reports showed robust growth across construction and manufacturing, adding to transportation demand. and other providers, and will require a $30 minimum purchase plus a $9.95 freight market.

Demand Planning Software 40

Demand Planning Software Logistics Network Optimization Software Company Supply Chain Software 40

Precoro

JANUARY 16, 2023

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. These purchases might be recurring or occasional, some might be planned, and others pop up in response to sudden changes. Operating vs. Non-operating.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Unleashed

MARCH 6, 2023

These are industries in which customers can be fickle: ensuring there is a good marketing strategy and content plan ensures sales are kept on target. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. What is a marketing plan?

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Supply Chain Opz

JANUARY 18, 2015

In this article, Dr. Marcel Zondag who is an expert in CPG industry will explain some ways to streamline the planning process. Based on our research we formulated 3 crucial strategic guidelines for setting up or re-designing a company’s S&OP process.

S&OP 100

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 100

Enterra Insights

FEBRUARY 24, 2021

The ethical answer is to self-destruct; but, members of the public are unlikely to purchase a car with such programming, knowing that it could make them victims. To avoid forcing members of the car-buying public to choose, manufacturers are selling cars that are assistive, not autonomous.” The first source is data bias.

Modeling Software 100

Modeling Software Analytics Software Optimization Software Guidelines 100

Unleashed

SEPTEMBER 28, 2021

ERP software for the food industry comes in a range of shapes and sizes, but what should you look for when you’re thinking about using it for your business? Here we cover the 10 most important features to look for in your food manufacturing software so you can achieve product consistency, production efficiency, and regulatory compliance.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Forecasting Software Supply Chain Planning Software 98

IQMS

NOVEMBER 13, 2019

Just a few years ago, sustainability in manufacturing was seen as a nice-to-have. Today, sustainable manufacturing is becoming a critical factor in a manufacturer’s ability to compete and maximize profitability. Gartner is quick to note that it is not practical for manufacturers to adopt all possible sustainability measures.

Manufacturing Procurement 45

Manufacturing Procurement Sustainability Resource Reduction Material Savings 45

Taulia

JUNE 26, 2023

Involving suppliers, manufacturers, distributors, and customers, the supply chain process can be broken down into the following stages: 0. During this step, you first need to decide on supply chain objectives and specify the metrics that will be used to monitor progress toward them.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52

EcoVadis

MAY 9, 2018

Direct purchasing by governments and state-owned enterprises accounts for 12 percent of GDP in OECD countries, and in the U.K. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards.

Manufacturing Procurement 60

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 60

ShipBob

FEBRUARY 26, 2024

It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. Developing an agreement – For CPFR to work, manufacturers, retailers, and suppliers should agree on how communication will be carried out. It also helps you make more accurate predictions about your requirements.

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

GlobalTranz

AUGUST 28, 2018

Using a combined blockchain and reverse logistics strategy can help alleviate these costs, and supply chain executives need to understand a few things about it Reverse Logistics Carry High Risk in Supply Chain Management Risk within reverse logistics is higher than that and forward logistics.

Reverse Logistics 121

Reverse Logistics Cost Reduction Strategies Logistics Network Optimization Software Purchasing Skills 121

Unleashed

JULY 11, 2021

More than ever, businesses of all sizes across all industries are being held accountable for their environmental impact. Sustainability certifications help consumers identify whether or not a product or manufacturer is sustainable. They must be values based with quantifiable guidelines and standards.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98