Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Brand owners have the lowest cost of capital and could redefine the value chain to drive sustainable value, but they don’t collaborate and use these new approaches to drive value.

Optimal Sourcing 240

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 240

Unleashed

MARCH 28, 2021

Supplier Relationship Management (SRM) is a management concept frequently used by procurement and supply chain professionals. SRM helps to determine how the organisation’s suppliers either contribute to or detract from the business. Reduces costs. Cost reductions. Optimises performance.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. A Focus on Inventory Control Begets Warehouse Cost Reductions.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Unleashed

JANUARY 31, 2023

The result is high costs and unsatisfied customers. Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. Let’s explore how to make it work for your business. In this guide to lean logistics: What is lean logistics?

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

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. For customers, it can mean the time it takes to receive an order after they have purchased it. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Logility

AUGUST 14, 2023

1 Co-develop a business case with vendors. It’s important to plan a supply chain technology implementation carefully and to understand that the vendor and the client are partners on a journey to realize value for the client organization. 2 Identify data availability and data gaps. 3 Align on goals and KPIs. 3 Align on goals and KPIs.

Supply Chain Planning Software 200

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 200

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. How is it possible? Supplier Ratings – An indicator of how suppliers are performing. Where do I begin?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

Locus

JUNE 23, 2023

So, knowing more about order fulfillment, its importance, process, and strategies is critical. A loyal customer with word of mouth brings in more customers, and they minimize the cost of acquiring new customers. So, order fulfillment is critical for businesses to provide customers with cost-effective, timely, and delightful deliveries.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

ThroughPut

JUNE 4, 2024

Start reading to find out how to optimize your inventory processes, reduce costs, and enhance operational efficiency in 2024. The benefits of inventory management are cost reduction, improved customer satisfaction, and enhanced operational efficiency. Let’s jump in. What Is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

ThroughPut

APRIL 30, 2024

That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Strategically, it provides Chief Supply Chain Officers (CSCOs) with insights into how each decision affects the company’s finances.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

SupplyPike

MAY 21, 2020

Learn about: What the “bullwhip effect” is How it affects your supply chain How to prevent it. Reducing the bullwhip effect starts with improving the forecasting of customer demands. This makes it easy for them to purchase adequate quantities of products to be sold. Improve Demand Forecasting. Do Away with Batch Orders.

Price Reduction 98

Price Reduction Inventory Reduction Vendor Strategies Cost Reduction Strategies 98

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. Inventory management in manufacturing can be influenced by the type of marketing strategy used.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

FEBRUARY 23, 2023

Below, we cover how to improve liquidity and free up cash flow using nine effective strategies. In this guide on how to improve liquidity: What is liquidity? The carrying costs of inventory can have a significant impact, positively or negatively, on your cash flow and liquidity.

Inventory Reduction 52

Inventory Reduction Material Savings Expense Reduction Price Reduction 52

Supply Chain Game Changer

MARCH 14, 2022

Managing inventory and transportation isn’t a one-size-fits-all activity. Instead, it requires that you understand your own business model and overall goals. Supply Planning & Sourcing Analytics. To help companies solve these problems, supply planning and sourcing analytics tools can be utilized.

Course 115

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

GlobalTranz

AUGUST 8, 2018

In recent months, sustainability and ethical business practices have become cornerstones of the ongoing conversation about how to govern people and manage a business effectively. In other words, the same demands of consumers exist in B2B purchasers. Decreased shipping costs. This is not exclusive to end-users.

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Supply Chain Software Supply Chain Strategy 120

GlobalTranz

FEBRUARY 6, 2017

While supply chain entities struggle to stay competitive with the e-commerce giant, more organizations will look for ways to eliminate inefficiencies and boost operations. Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Technology Will Reshape Procurement Practices.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

Zipline Logistics

JULY 27, 2021

As produce transportation winds down and the freight market loosens slightly for the first time in several months, CPG shippers have the opportunity to prepare for the quickly approaching peak season. Accurately evaluate and communicate your freight needs with your transportation partners far in advance. Build-in Lead Time.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Whilst people spend years learning the art of counting money, and businesses grapple on how to account for their revenues and expenses, counting carbon is a relatively new concept. The current practice on how to measure greenhouse gases, is to organize things into three buckets. Calculating and Reporting Carbon Emissions.

Vendor Strategies 246

Vendor Strategies Purchasing Skills Pricing Training Optimal Sourcing 246

Precoro

APRIL 18, 2023

On the other hand, a software development company wouldn’t need to purchase raw materials but rather goods – such as hardware – and services, like software subscriptions. In order to plan inventory and estimate cash flow, companies should know when to expect shipments to arrive, when to pre-order the next one, and how to budget the payments.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Real-time Visibility Supply Chain Software 98

TransAudit

MAY 31, 2022

If you’re not too keen on partnering with an experienced vendor, you can always keep your freight auditing services in-house. . Let’s take a closer look at a few tips for how to start in-house freight auditing. Purchase Out-of-the-Box Freight Auditing Software. Overview of In-House Freight Audit Services.

Freight 52

Freight Vendor Strategies Analytics Software Resource Reduction 52

GlobalTranz

OCTOBER 2, 2018

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. This is due to the higher rate of returns associated with e-commerce purchases. Going back to reverse logistics, consumers expect a hassle-free, cost-free returns process.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

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

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. If you have wondered how to improve OTIF and overall supply chain performance, you are not alone. We have a few tips on how to make logistics improvements to increase OTIF performance.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Talking Logistics

OCTOBER 29, 2013

Why didn’t the vendor let us know? What is this going to cost? You could answer them with a purchase order (P.O.) You write an RFQ, screen candidates, create a short list, select the provider, and negotiate service requirements and a cost structure. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T.

Pricing Training 142

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 142

GlobalTranz

JULY 12, 2016

This is solved through best practices, efficient and proven strategy, proper measurement of your tools and people, and the use of effective technology which doesn't add bloat, but is an enablement tool to provide a tangible Return on Investment in the way of reduced time and costs. . Revise your labor scheduling strategy.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

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

GlobalTranz

APRIL 6, 2018

Distribution center robots are a force in the Amazon powerhouse, reports the Association for Advancing Automation. When Amazon purchased Kiva robots, distribution center robots became the new “shiny object turned real-world effective object” of e-commerce fulfillment. Re-assure your workforce. Measure performance.

Distribution 179

Distribution Supply Chain Design Software Supply Chain Software Vendor Strategies 179

Enterra Insights

MARCH 19, 2024

”[3] The ACA also notes, “[In 2022, the] USDA Economic Research Service [reported] more than 22 million full- and part-time jobs were related to the agricultural and food sector, or roughly 10 percent of all U.S. They make a few suggestions about how to get involved. employment. On-farm jobs represented about 2.6

Food 130

Food America Optimal Sourcing Manufacturing Procurement 130

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. Freight Benchmarking: How to Do it Right. What is Freight Benchmarking?

Benchmarking 69

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 69

Unleashed

MARCH 2, 2022

This is a radical shift from more traditional processes where demand is predicted in advance and materials are bought in bulk to reduce supply chain costs, such as transport. labelling) withdraws the materials it needs from their upstream ‘vendor’ (i.e. This will make sense in a moment.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

Supply Chain Shaman

JANUARY 22, 2013

As these words filled the air in session after session, the promises were vast and overarching, but the solutions showcased in the vendor booths on the floor were largely the same. It requires new forms of analytics, cloud-based solutions and the design of packaged applications from the consumer back. A Wolf in Sheep’s Clothing?

Supply Chain Design Software 239

Supply Chain Design Software Analytics Software Supply Chain Network Software Modeling Software 239

Talking Logistics

NOVEMBER 10, 2014

A key benefit of SCONs, from Dr. Herzog’s perspective, is that they “reduce the amount of non-value adding work,” which frees up time for companies to focus on more important work, such as optimizing their flow of materials and goods and improving the way they manage internal and external relationships. Fast and effective roll out.

Optimal Sourcing 170

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 170

GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. What Data Analytics and Business Process Strategy Services Are Offered?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

Unleashed

MAY 19, 2020

Leveraging the best manufacturing Enterprise Resource Planning (ERP) software, maximising productive efficiency, and accessing management expertise early , are the strategies that will set the best apart. How many due to demand exceeding production plan? How many incorrectly picked orders? How many late deliveries to customers?

Supply Chain Planning Software 98

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

GTG Technology Group

JANUARY 31, 2018

Adopt Transportation Management Software Today. Transporting goods seems straightforward, but to the experienced professional, it’s a complicated balance of success, unforeseen circumstances, and problem management. Here are the top benefits of adopting the latest transportation management software. Increased Availability.

Supply Chain Planning Software 36

Supply Chain Planning Software Inventory Management Software Analytics Software Supply Chain Software 36

QAD

MAY 19, 2021

It’s important for organizations to select the ERP system that will eliminate the need for costly customizations, adapt to the rapid pace of business change, address future technologies and meet other identified requirements. Global Trade & Transportation Execution. Analytics and Reporting. Supply Chain Management.

Supply Chain Planning Software 52

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

Enterra Insights

DECEMBER 26, 2019

”[1] In simpler times, shoppers would return items to the stores in which they were purchased — often exchanging them for other items (a win-win for both the consumer and the retailer). More than 40% of retailers have seen an increase in ‘intentional returns’ in the past year, according to an earlier report from Brightpearl.”

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100