QAD

JULY 1, 2021

This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Rather, total manufacturing costs include all related costs accrued in the period. What is Direct Labor? What is Manufacturing Overhead?

Manufacturing Procurement 88

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 88

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Supply Chain Shaman

JUNE 30, 2023

As a supply chain leader, he is struggling how to dance in the ring of fire. The ring of fire is corporate politics at the executive level on supply chain performance. Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned.

Supply Chain Planning Software 341

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 341

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

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. Table of Contents.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. Lucky for you.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 71

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. You’ll also learn some effective strategies on how to reduce inventory levels to save costs. This helps businesses to get more out of their procurement budget and increase their profits.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Logistics Bureau

NOVEMBER 16, 2020

So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Unleashed

AUGUST 20, 2023

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. There are many definitions for lead time in supply chain management. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SCMDOJO

JANUARY 30, 2023

From tech giants to manufacturing leaders, the top 10 CEOs in the supply chain industry have blazed a trail of success. The Top 10 CEOs Who Have Worked As Supply Chain Professionals 1. Tim Cook Tim Cook, the CEO of Apple, has a background in operations and supply chain management. Don’t forget!

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Software Sourcing Strategies Agile and Lean Supply Chain 119

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. How Does AI Work? Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems.

Manufacturing Procurement 156

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

AIMMS

DECEMBER 1, 2016

But companies tend to struggle when it comes to finding the right technology to enable the process. In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. This makes S&OP implementation a difficult process, especially when it comes to finding the right tools.

S&OP 156

S&OP Prescriptive Analytics Software Supply Chain Planning Software Supply and Demand 156

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors.

Analytics Software 173

Analytics Software Procurement Analytics Agile and Lean Supply Chain Modeling Software 173

RFgen

APRIL 10, 2023

With advancements in warehouse technology, businesses now have access to powerful tools, such as mobile barcode software, which greatly improve inventory management processes. Better decision-making: Accurate data informs purchasing , production and inventory planning, data-driven financial reporting, and projections.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Supply Chain Software 52

Supply Chain Game Changer

MARCH 14, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.

Course 115

Course Supply Chain Planning Software Agile and Lean Supply Chain Vendor Strategies 115

Supply Chain Game Changer

AUGUST 30, 2021

Subscribe to Supply Chain Game Changer. They will understand more about improving processes and learn some techniques and tools they can employ in their future careers. The Strategy-Driven Supply Chain. He sees all the parts of a business as being connected, from purchasing and HR to sales and marketing.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

Unleashed

FEBRUARY 12, 2024

This includes: Labour costs for warehouse personnel Equipment maintenance and depreciation (e.g., forklifts, pallet jacks) Packaging materials Transportation within the facility By implementing lean strategies into your processes, you can reduce your holding costs and improve operational efficiency in one fell swoop.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Enterra Insights

MAY 13, 2020

Numerous reports confirm the coronavirus pandemic has motivated business leaders to consider new ways to leverage technology and automation to lessen their company’s exposure to human-related crises. technologies are also gaining momentum. Digital Supply Chain. ”[1]. Industry 4.0 And Industry 4.0

Supply Chain Software 100

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain 100

SYSPRO Smarter ERP

NOVEMBER 1, 2021

The supply chain was shaken by disruptions and market volatility, and the need for adaptation became immediate. 2020 SYSPRO research showed tha t 60% of businesses were impacted by supply chain disruptions during the pandemic. We live in a time where we can purchase almost anything with a click of a button.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

SYSPRO Smarter ERP

MARCH 21, 2022

The supply chain management uncertainty in the post-COVID world shows no signs of letting up. With current conditions, it looks like there may never be a return to the pre-pandemic era of supply chain stability. How Supply Chain Management is changing. Benefits of a Supply Chain Management solution.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Forecasting Software 116

QAD

JULY 28, 2022

Quistem’s Cathy Fisher and I are having the best time co-hosting the Auto Supply Chain Prophets podcast. It encourages us to continue meeting with automotive industry experts about supply chain issues that resonate with so many listeners. Episode #6: Electrifying the Automotive Supply Chain.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 95

AIMMS

DECEMBER 1, 2016

But companies tend to struggle when it comes to finding the right technology to enable the process. In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. This makes S&OP implementation a difficult process, especially when it comes to finding the right tools.

S&OP 132

S&OP Prescriptive Analytics Software Supply Chain Planning Software Supply and Demand 132

Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Supply Chain Game Changer

APRIL 21, 2020

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! Everyone involved in these Supply Chains is abiding by the social distancing and protective mandates we all are adhering to. Subscribe Here! Email Address.

Waste Reduction 91

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 91

GlobalTranz

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. These are based on my 40 years working in operations at Schwinn and other companies as well as consulting many companies on how to select the best 3PL for my client's needs. Top Management must commit and focus on Lean.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. Ordering and purchasing the required materials from suppliers at the right time and quantity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Locus

NOVEMBER 30, 2023

This heightened emphasis on customer experience sets the stage as we prepare for logistics and supply chain planning in 2024. Join us in this week’s InFocus webinar as we explore this vital decision with KB Nagaraju, supply chain expert and Strategic Advisor at Locus and Mehul Kapadia, Chief Revenue Officer, Locus.

Supply Chain Planning Software 52

Supply Chain Planning Software Analytics Software Optimization Software Demand Planning Software 52

Unleashed

APRIL 4, 2023

Machine learning is changing nearly every aspect of the supply chain and how we deliver goods to customers. Its impact is set to become increasingly more influential as the technology improves. We also break down several case studies of companies currently using machine learning in their supply chain processes.

Case Study 52

Case Study Supply Chain Planning Software Supply Chain Software Forecasting Software 52

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. To address these challenges, supply chain professionals must adopt advanced forecasting methods. Let’s get started with definitions, differences and benefits.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

JUNE 14, 2018

Here I make the argument for change and close with insights on two best of breed technologies to consider to augment direct material processes. Today, the management of the supply chain is harder. Supply chain management is more complex. PFEP optimizes the policies that define how to procure each part.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

BlueYonder

DECEMBER 7, 2023

How to transform your supply chain (without waiting for your ERP to recover) Wholesale distribution and manufacturing (WD&M) has entered a new era where agility, speed and accuracy are no longer nice-to-haves, but rather uncompromising must-haves for meeting the new omni-channel B2B customer expectation.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimization Software Forecasting Software Demand Planning Software 85

Logistics Bureau

OCTOBER 20, 2021

The Supply Chain Manager’s Multi-function Display. By now, you are probably wondering what airliners have to do with supply chain KPIs. You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software 98

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

Unleashed

MARCH 31, 2021

We live in a global economy and that has made the supply chain all the more important – these days partner companies could be anywhere in the world, facing any number of challenges. However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69