BlueYonder

FEBRUARY 14, 2023

The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. So overall, the competitiveness among the industrial manufacturers around the world has grown several bounds.

Manufacturing Procurement 130

Manufacturing Procurement Material Savings Inventory Reduction Cost Reduction Strategies 130

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

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

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

APRIL 18, 2024

The manufacturing industry thrives on efficiency gains. Just-in-time (JIT) manufacturing is a production management approach that helps you lift efficiency and streamline your operational processes. Here’s how it works. What is just-in-time manufacturing? What is just-in-time manufacturing?

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Supply Chain Shaman

FEBRUARY 1, 2024

Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. Contract Manufacturing Signal Latency. On average, it takes 2.8

Supply Chain Planning Software 347

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 347

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

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

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Any logistics provider will be well aware of these issues, but it’s possible to overlook how much things have changed in recent years. But what does that mean for future strategies in procurement ?

Optimal Sourcing 78

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

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. Managing Inventory. Talent gaps: ?

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Precoro

JULY 8, 2022

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

AFFLINK

AUGUST 17, 2022

Automation in manufacturing can help be the driving force to lift some of the burden felt by many distributors across the globe. Unpredictable Consumer Demand Trends Traditionally, organizations got away with loose forecasting and just-in-time (JIT) inventory management to match production to consumer demands.

Manufacturing Procurement 62

Manufacturing Procurement Supply Chain Software Optimal Sourcing Demand Planning Software 62

Unleashed

MARCH 16, 2021

Having grown sufficiently, you may find your SME business now has the need for a dedicated purchasing manager – and perhaps even a purchasing department. So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. Goals of purchasing.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

SYSPRO Smarter ERP

FEBRUARY 23, 2022

These will require a re-think of how to manage products, streamline the business and interact with customers. Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Inventory and logistics management.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling Software 105

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. But when your cash is locked wages, managing inventory , lines of credit, and other costs, it can slow down productivity – even bring it to a standstill. This can lead to company losses, unhappy customers, and, eventually, insolvency.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Order Management Once a quote is accepted, it transitions into an order.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

ThroughPut

MAY 3, 2024

From a manufacturing perspective, the best logistics management software facilitates effective planning of the supply chain itself and implementation of the final delivery to the end consumers. It now shares similarities with Supply Chain Management Software (SCMS), to help deal with manufacturing operations, processes, vendors and suppliers.

Procurement Solutions 52

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

Supply Chain Movement

MAY 23, 2016

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Attend Logistics & SCM, PLM, Manufacturing, and Procurement 2016 to: Improve agility, cost allocation, and visibility across the extended supply chain.

Manufacturing Procurement 60

Manufacturing Procurement Optimal Sourcing SCM Austria 60

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. Components of Production Scheduling in Manufacturing. It determines how manufacturers will meet product requirements. Dispatching.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

QAD

MAY 23, 2023

The goal, from a manufacturing perspective, is clear: learn how to do more with less as efficiently as possible while maintaining profitability and complying with due diligence legislation. In a recent BearingPoint survey, a whopping 85% of companies attribute their move to sustainable procurement practices to government regulations.

Procurement Solutions 93

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 93

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

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. Stock loss isn’t selective on item size either.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. Kanban came from the same place as the wider principles of lean manufacturing: Toyota.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

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 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Unleashed

AUGUST 20, 2023

If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. Let’s dive in. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Synovos

DECEMBER 4, 2023

Manufacturing plants are now competing for wages that were unheard of five or six years ago,” explains William Brummett, Vice President of New Business Development at RS Integrated Supply, a global Maintenance, Repair, and Operations (MRO) supply chain services company that provides outsourced procurement and storeroom solutions.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Inventory Reduction Cost Reduction Strategies 52

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Take, for example, PVH.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Resilinc

APRIL 30, 2024

Discover why experts predict robust storms and how to safeguard your supply chain. Learn more about the most significant extreme weather and climate-related risks procurement professionals should pay attention to in 2024: How Will Climate Change Impact Supply Chains in 2024?

Supply Chain Software 91

Supply Chain Software Supply Chain How To Forecasting 91

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

My Office Apps

JANUARY 16, 2024

In this ultimate guide, we’ll show you how to elevate your business operations, from procurement and logistics to manufacturing and more, ensuring a path to operational excellence and strategic success. Optimize inventory levels, track order status, and improve overall supply chain efficiency.

Optimal Sourcing 84

Optimal Sourcing Eliminating Excel in Purchasing Manufacturing Procurement Procurement Analytics 84

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 389

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 389