Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? How do we get buy-in around the organization? Each requires its own portfolio of metrics.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

SCMDOJO

JULY 3, 2023

At the end of this blog, we will also be linking a couple resources of reading material to aid your journey of procurement training as well as best practice templates and dashboards to help improve your procurement processes as a working professional in the field. Procurement and Purchasing Cycle Lesson 7. Category strategies development.

Purchasing Training 81

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 81

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

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. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. So what is procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 77

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 77

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Precoro

MAY 22, 2023

Whether you're the CPO, COO, CTO, IT manager, or a procurement specialist, understanding the selection process for procurement IT is crucial for ensuring that your company has the technical resources it needs to remain competitive and satisfy evolving customer demands. What is IT procurement? Let’s go over these now.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

GlobalTranz

MARCH 23, 2016

How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? First and foremost, look to your people, the best resource you have. How to Breakthrough Lean Culture Plateaus. Practices and learns how to apply Lean tools. These metrics would, of course, be aligned and are updated every hour.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Supply Chain Shaman

SEPTEMBER 22, 2022

Instead, I find most are visibility projects without clarity on how to tie improved visibility to enterprise processes. So, if you are attempting to implement a control tower project, please don’t waste your money or resources. Most control tower implementations and RFPs lack a clear definition of what is being controlled.

Supply Chain Planning Software 431

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 431

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. There must be a clearly defined data source with a standardized process for collecting and measuring that data. The Basics of Procurement KPIs.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Logility

OCTOBER 6, 2023

For the last decade supply chain leaders and CIO’s have been evaluating when and how to move their supply chain applications to the cloud. Let’s break down the trade-off between an on-premises and a cloud environment, what it means for your business, and how you can realize the optimal potential of a cloud investment.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Unleashed

FEBRUARY 28, 2021

Enterprise Resource Planning software. Enterprise resource planning (ERP) software integrates and manages all of a business’ key functions under one system, including supply chains, HR, accounting, sales, and customer relationship management (CRM). Here are three of the key options. Manufacturing complexity.

Supply Chain Planning Software 98

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

QAD

MARCH 9, 2023

“As soon as a change in cost, capacity, demand or supply is detected, a planner needs to determine precisely how the disruption will impact the business objectives.” That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Ask for help.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Source: sasb.org. Ask for help.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Elementum

FEBRUARY 7, 2024

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logility

OCTOBER 28, 2021

You need to know what corporate social responsibility is and understand how to leverage it in order for it to work for you. Whether that impact is positive or negative rests on how well the concept of corporate social responsibility is understood by stakeholders and embedded in your corporate culture. .

Waste Reduction 131

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 131

Unleashed

NOVEMBER 2, 2023

Keep reading to learn what a production schedule is, how to create one, and the actionable tips that’ll help you maximise success and improve productivity in your production scheduling process. When you create your production schedule, allow flexibility for changes to dates, tasks, and resources.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

Unleashed

MARCH 28, 2021

Sourcing new suppliers, trialling products, and negotiating contracts can be costly and time-consuming. In his article Strategies for Global Sourcing , David Pyke explored five types of sourcing relationships: buy the market, ongoing relationship, partnership, strategic alliance, and backward integration. Efficient onboarding.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting? Neglecting these can distort your forecast.

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Precoro

AUGUST 15, 2022

What biggest challenges and benefits can you expect, and how to avoid common mistakes when switching to ERP systems? What Is ERP, and How Does It Work? There are three main types of enterprise resource planning software that function with different deployment model options: on-premise ERP , cloud ERP , and hybrid ERP.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52

SCMDOJO

MAY 10, 2023

One such technology that has gained immense popularity in recent years is Enterprise Resource Planning (ERP) systems. These systems help organizations to manage their resources more efficiently and effectively. Enter enterprise resource planning (ERP) systems, the centralized hub that breathes life into master data.

Optimal Sourcing 123

Optimal Sourcing Government Quality Supply Chain Design Software 123

Logistics Bureau

JULY 18, 2022

Other sources that can reveal details about your competitors’ supply chains. As far as supply chain software goes, you and your team will need to evaluate potential needs relating to the following solutions: Enterprise resource planning systems (ERP). How to Prioritise New Supply Chain Capabilities. Probably not.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Intelligent Audit

MARCH 23, 2021

Connect the Data Streams, Systems and Team Member Resources. More than one source of data and analytics is needed to get the most precise possible picture of supply chain spending and operational costs. The post How to Optimize Shipping Costs Across All Modes With Analytics appeared first on Intelligent Audit.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

Logistics Viewpoints

JUNE 26, 2023

But how to do this was very ambiguous. Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 210

QAD

JUNE 20, 2023

Manufacturers invest a great deal in resources to improve manufacturing efficiency and streamline their operations. Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 88

Supply Chain Game Changer

NOVEMBER 28, 2018

Resources spent/gains made on the road to innovation are, therefore, sustained exclusively by the internal entity. Supplier bases are a great source of potential innovation. Supplier bases are a great source of potential innovation. Without a supplier entity being treated so, true collaborative innovation won’t occur.

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Precoro

MARCH 30, 2022

It’s a pillar of production , fundamental for ensuring the best quality of its output with optimal use of resources. Global Sourcing. The strategy refers to the efficient sourcing of goods and services across the globe. How to Develop an Effective Procurement Strategy.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

SupplyShift

NOVEMBER 4, 2020

There has never been a better opportunity than now to prove the value of a transparent supply chain to your business, and due to this, you likely have a better shot at getting the resources you need to make it happen. Kraft Heinz set a good example of how to do this earlier in the year. What resources can we share with each other?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

There has never been a better opportunity than now to prove the value of a transparent supply chain to your business, and due to this, you likely have a better shot at getting the resources you need to make it happen. Kraft Heinz set a good example of how to do this earlier in the year. What resources can we share with each other?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

QAD

OCTOBER 11, 2023

S&OP Uses a Single Source of Data Providing Unbiased Performance Analysis For each division in a company, EM’s role in the S&OP process includes developing critical performance objectives, balancing the needs of multiple departments and analyzing performance. The S&OP plan provides transparency regarding performance metrics.

S&OP 52

S&OP Supply and Demand Sourcing Strategies Resource Reduction 52

Logility

APRIL 13, 2022

It’s been almost 60 years since Leonard Read wrote “ I, Pencil: My Family Tree ,” in which he marvels that no single person knows how to make a pencil, but via the power of a global supply network stretching from Sri Lanka to Oregon, millions of people collaborate to bring pencils to market for 10 cents apiece.

Sustainability 134

Sustainability Sri Lanka Logility Optimal Sourcing 134

Unleashed

MARCH 16, 2021

So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. How to set up a purchasing department. Time is limited when it comes to sourcing, tendering and negotiating with suppliers. Source the right technology. Goals of purchasing. Purchasing software.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Turvo

MAY 29, 2020

Unfortunately, the data of the past is not always the best source for action today. Analytics Enable Data-Driven Decision Making and Real-Time Interventions in the Supply Chain Analytics relies on a host of machine learning, artificial intelligence resources, and algorithms to review information and generate actionable insights.

Analytics Software 53

Analytics Software Supply Chain Planning Software Analytics Agile and Lean Supply Chain 53

NC State SCRC

NOVEMBER 2, 2023

Introduction Howard Richman has an undergraduate degree in economic geography, as his initial interest in life was in environmental and resource issues, (before it became so popular today!) He observed how private corporations have the highest impact on how resources are used and decided to get an MBA in finance.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Logility

OCTOBER 12, 2021

But you may be wondering how to start. Many resources and investments are required to tackle the rigors of supply chain sustainability. But as a business, none of these may be enough to spur the required investment and resource mobilization for the task ahead. Here are 10 steps towards sustainability to guide your efforts: 1.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130