Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. Theoretically you should be able to generate better service, better terms and conditions, and better cost. Yet there can be many obstacles in your way to achieving this seemingly simple goal. To overcome the Spend Aggregation obstacles there are a series of enablers you need to enact to make this successful.

WMS Software Procurement Lifecycle: How to Evaluate, Select, Implement, Modify, & Realize ROI

Veridian Solutions

The warehouse management system (WMS) serves as the system of record for warehouses and distribution centers. The WMS software procurement lifecycle remains a challenge for many supply chain leaders. Evidence of a poorly conceived and managed warehouse management system (WMS) implementation sometimes is so apparent that passersby on the street notice it. Forty trucks lined up down the road trying to get into a warehouse is a sign of a bad WMS installation.

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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Consider Cyber Security Concerns in the Procurement Supply Chain.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

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The 3 Biggest Problems Your Logistics Teams Will Face in Q4 and How to Solve Them with On-Demand Warehousing

FLEXE

Aside from that being one of your busiest times of the year, the movement to eCommerce and omnichannel shopping has made accurate demand planning impossible and inventory allocation harder than ever. Will your customers go directly to your stores to buy, will they research online and then pick up in-store, or will they complete all of their purchases through your website? Traditional methods can’t handle the agility required to keep up with today’s ever-changing market.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

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How to Keep Your Small Business Supplied Through COVID-19

AFFLINK

Bleak, though it may seem, the fallout would be far worse if not for essential businesses that risked their safety to keep the midnight oil burning. To ensure that top-line growth is profitable, small business leaders will need to expand supplier relations and lower acquisition costs while protecting the health of their employees. Here’s how to stay safe and well-stocked through COVID-19: Mitigate Exposure to COVID-19.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Implementing the right technologies, such as collaborative mobile robots , can help to optimize resource management and improve productivity.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

The COVID-19 pandemic made it abundantly clear that effective supply chain management is crucial to the success of a business. Moreover, it’s vital to the health of the global economy. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management. How to solve it?

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

In a standard supply chain process, it has been observed by the economists the rising concern on climate change and growing pressure on the firms to decrease the carbon footprint. Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. How can companies enable Green Logistics?

Supply Chain Innovation: How to Build an Award-Winning Supply Chain

ToolsGroup

What does it take to create an award-winning supply chain? The two companies’ shared similarities—bold initiatives, transformative supply chain changes, big results and innovative technology—help answer the question—How to build an award-winning supply chain. High-demand products and parts must be available immediately; lower-demand items need to be delivered the same day or next morning. Costa Express also had a bold initiative to dramatically improve their business.

How to Determine if Your Distribution Fulfillment Strategy is Working

Veridian Solutions

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. Supply chain leaders must learn to recognize the warning signs of risky fulfillment strategies, the indicators of success, and how to maintain positive growth to stay profitable. Limited visibility in procurement. Inability to manage laborers and workflows.

How to Successfully Implement a Transportation Management System

Talking Logistics

What are the key ingredients to a successful TMS implementation? Those are some of the questions I posed to Geoff Milsom, Senior Director at enVista , in a recent episode of Talking Logistics. This is usually a three to six month process and may be part of a larger corporate strategy or transformation process that it has to plug into. Understanding those issues is critical to implementation success.”. What’s the best way to do that?

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. For those looking to get more effective transportation management. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency.

Logistics & SCM, PLM, Manufacturing, and Procurement 2016

Supply Chain Movement

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Logistics & SCM, PLM, Manufacturing, and Procurement 2016, sponsored by SAP, is the most important educational event of the year for organizations using SCM, PLM, manufacturing, and procurement solutions to fortify their business operations and infrastructure with proven methodologies and measurable, value-driven results.

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What Does Augmented Analytics Mean for Procurement?

Jaggaer

Read up on How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. Whereas analysis is focused on understanding what happened in the past and why it happened, analytics focuses on why it happened and using this intelligence to try and work out what will happen in the future. to determine the likelihood that a major client will default on a bank loan). And that, of course, includes procurement professionals. But there is some way to go.

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Using the right WMS and cycle counting best practices can dramatically shape the productivity of your operation from slotting optimization to returns management and beyond. Challenges in WMS Cycle Counting Managing a WMS and cycle counting is essential to reducing supply chain costs and fulfilling more orders.

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Effective Warehouse Management in an Omnichannel World

Cerasis

An effective warehouse management strategy is key to staying competitive and meeting consumers’ expectations in the omnichannel world. Knowing the available inventory and assets only in distribution centers is inefficient and lacks value, but when applied across an entire supply chain network, inventory visibility propagates effective warehouse management. As a result, stores and regional warehouses end up overstocked or understocked, and carrying costs soar.

[How to] Sell Online on Philippines Marketplaces

Vinculum

Filipinos began to make money online through capitalizing, serving as a freelancer, or opening up their web store. What’s the need to trade online? You might be wondering how to commence marketing and generating revenue in the digital world?

Uncovering Hidden Supply Chain Costs (and How to Reduce Them)

AFFLINK

As consumers shift from shopping in-store to shopping online, e-commerce is more significant than it has ever been. This change is affecting warehouses everywhere, both nationally and internationally. Without proper supply chain management techniques, it's impossible for warehouses to keep up with the increased demand. To reduce supply chain costs effectively, you need to start with the big picture. Here's a quick look at each and how they drive costs.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Warehousing is critical in movement of goods from manufacturer to the end customer. Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. The Indian warehouse market was worth INR 561 Billion in 2018. billion, which grew by 10 folds to be approx.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. companies should be looking to partner with more stable countries where tariff changes aren’t expected. goods is more complex than it used to be. Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. companies to do business in their lands.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. companies should be looking to partner with more stable countries where tariff changes aren’t expected. goods is more complex than it used to be. This isn’t to say you should avoid international sources for goods.

WMS Labor Cost Reductions: How to Reduce Costs Despite Peak Season

Veridian Solutions

Meanwhile, the industry still suffers from a warehouse labor shortage. Due to the need to move warehouses further from urban areas, warehouse workers become even more scarce. Fortunately, WMS labor cost reductions can help alleviate these concerns, and supply chain leaders need to know why. Preplanned activities may lower the availability of your internal staff to work overtime. How to Maximize WMS Labor Cost Reductions.

How to start selling online in Indonesia

Vinculum

Today online business is so prevalent and happens to be the most convenient method for buying and selling goods. The Indonesian economy is promoting people to open up avenues for customers by expanding the online selling option. Understand the reach of your business, to start selling.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

Everything is connected to the internet, including consumer and industrial devices and systems. The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Precursor technology enables continuous improvement in warehouse management. Internet of Things Warehouse

How To Buy Your First Autonomous Robot

PINC

Take a calculated approach to robotics procurement and you’ll stand the best chance of successfully aligning it with your company’s mission, values, and future plans. inventory robotics Logistics Viewpoints warehouse drones digital inventory robots

How to Manage Inventory in a Growing Business

EazyStock

At EazyStock we talk to a lot of small- and mid-sized businesses (SMBs) who are struggling to effectively manage their inventory. Expanding product portfolios due to business growth and as customers demand more choice. Increased stock levels to ensure stock availability. In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Other times it can simply be due to healthy expansion.

7 types of manufacturing wastes and how to reduce them

Unleashed

This article explores the different types of manufacturing waste, and how to reduce them. Finally, we look at how lean manufacturing can help proactively avoid wastage and improve manufacturing productivity. Some of them are easy to identify, but others less so.

How to Mitigate Risk in Demand Driven Supply Chains

Logistics Bureau

However, there are risks involved in the demand-driven approach and for many companies, their presence creates a reluctance to shift from conventional, but increasingly outmoded forecast-based planning. “In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” The risks attached to DDSC can be managed and minimized just like any other. “We do not use the forecast to drive our transactions.

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Predictive analytics in procurement means using whatever data is available

NC State SCRC

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. This provides the ability to forecast revenue, mitigate disruption, identify market opportunities, and much more. Furthermore, prediction requires highly sophisticated levels of procurement analytical modeling capability.

How to Avoid Tunnel Vision when Buying a Parcel Solution

BluJay Solutions

You’ve got a number of solution providers [and wannabe solution providers] to consider. You’ve got numerous carriers and their different rules and rates to think about. And when you throw in the ever-changing e-commerce landscape – and the mercurial whims of demanding consumers – it’s enough to make your head spin. Unfortunately companies often make the tricky procurement process even trickier by approaching it with a narrow focus. Want to learn more?

How to Avoid Tunnel Vision when Buying a Parcel Solution

BluJay Solutions

You’ve got a number of solution providers [and wannabe solution providers] to consider. You’ve got numerous carriers and their different rules and rates to think about. And when you throw in the ever-changing e-commerce landscape – and the mercurial whims of demanding consumers – it’s enough to make your head spin. Unfortunately companies often make the tricky procurement process even trickier by approaching it with a narrow focus. Want to learn more?

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

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. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. If you need help, feel free to contact me or visit my website at TheLeanSupplyChain.com.

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Supply Chain Career Changes – How to Get In, Get On, and Get What You Want

Logistics Bureau

The role of supply chain workers, simply put, is to contribute to or manage the process of producing the right amount of the right goods and getting them to the end-customer at the right time, ensuring customer satisfaction while being profitable. The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too.