Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

EMERGE App

DECEMBER 25, 2023

It encompasses not only the implementation of software systems but also the strategic and operational decisions made by leadership to ensure the effective utilization of resources across the entire enterprise. So What are the problems of Enterprise Resource planning for managers? Are you an import/ export business?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Supply Chain Design Software 52

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

SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Using proven inventory management processes, supply chain design, and planning helps optimize your stock.

Optimal Sourcing 105

Optimal Sourcing Inventory Management Software Inventory Management Optimization Software 105

Unleashed

OCTOBER 6, 2021

That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. While implementing SCaaS poses challenges, it has demonstrated its effectiveness across industries, fostering company growth, cost reduction, and leveraging cutting-edge technology.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 90

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.

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Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

SYSPRO Smarter ERP

AUGUST 1, 2022

There are many ways in which BOM helps the manufacturing industry. For example, in a bakery business, using the right tool with the BOM, the overall capacity of the oven and fridges could be monitored, and improvements as to how best to use ability could be suggested to reduce electricity costs, capacity constraints and workforce.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

ThroughPut

APRIL 30, 2024

Exploring the world of AI tools for supply chain and logistics can be quite overwhelming. 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. Best AI Tools for Supply Chain and Logistics 1.

Supply Chain Planning Software 52

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

ShipBob

OCTOBER 4, 2023

It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

TrackVia

MAY 25, 2023

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Check out how UC San Diego improved their inventory and asset management processes.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 52

My Office Apps

JULY 22, 2021

Consumable Inventory & the Medical Field. Despite the medical industry operating as a regular for-profit business, they rarely work as such. This focus on patient care pulls them away from managing their business like a businessperson. Medical providers often overlook inventory management, especially consumable inventory.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 52

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Belief in efficient procurement.

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Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 363

GlobalTranz

MAY 25, 2018

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. Use software-as-a-service platforms to use the latest-generation technology in your warehouse management system.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Despite record layoffs in many industries, Canadian manufacturers face a skills shortage in key positions in operations and across the supply chain. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Talent gaps: ? Stay Agile, Get Ahead.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

NC State SCRC

NOVEMBER 29, 2023

During that time, she worked in a number of different areas including direct procurement, indirect procurement, operations, supply chain, packaging, and operations support including: HR, finance, IT and facilities management. Now, Pam is helping lead a digital procurement transformation for Caterpillar Inc.

Supply Chain Planning Software 52

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 52

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

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 79

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Many merchants were concerned about having enough inventory to meet demand, and consumers wondered if they would be able to secure holiday gifts for loved ones. The answer to this question is complex. Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand. In an Industry 4.0

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. This is particularly true in the food manufacturing industry, which characteristically has a high volume of products stored, and an urgent need to fill existing client orders to match ongoing consumer demand. Working with fresh food.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

Vinculum

APRIL 27, 2021

Inventory management is without doubt one of the most challenging aspects when it comes to retail and eCommerce. The sheer intensity of keeping up with the stocks and noting inventory across channels and. Let’s start with the basic question: What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

RFgen

MAY 18, 2023

The Age of Digital Inventory Management Welcome to the era of the digital revolution. Inventory management is no exception. Long gone are the days when managing inventory was a paper-heavy process. Today, it’s all about digital inventory control.

Inventory Management Software 52

Inventory Management Software Optimal Sourcing Optimization Software Forecasting Software 52

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Amazon Amazon utilizes predictive analytics to optimize its inventory management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

My Office Apps

MAY 9, 2022

Manufacturing ERP Software | Kechie ERP. It is imperative that owners and decision-makers tasked with the decision of purchasing a new ERP do so with a balance of cost, ease of use, lifecycle changes, and especially, the unique needs of their company within their industry. Procurement. Multi-Location Management.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Inventory Management Software Supply Chain Software 52

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. Different deliverables apply to every industry.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

Supply Chain Matters

JANUARY 11, 2023

In July of 2022, Supply Chain Matters provided our readers added perspectives and highlights regarding supply chain planning technology provider Logility’s acquisition of supply chain network design technology start-up Starboard Solutions. Evolution of Supply Chain Network Design Technology.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

Precoro

NOVEMBER 27, 2023

Nowadays, all industries use automation to simplify and bring maximum efficiency to their operations, and the healthcare sector is no exception. In fact, according to Precedence Research , the global market for healthcare software was estimated at USD 28.66 billion in 2022, and it is expected to reach around USD 77.43 billion by 2032.

Procurement Solutions 59

Procurement Solutions Prescriptive Analytics Software Analytics Software Optimization Software 59

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. Supply Chain Management Jobs. Indeed, it is a handy tool to locate jobs. This online job search tool also helps you generate a cover letter or professional summary applicable to your work history and experience. LinkedIn is a must-have for any professional.

Supply Chain Design Software 113

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 113

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supply chain management. Procurement.

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Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. In each industry sector, companies face unprecedented variability. The decline in inventory turns uses cash.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

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Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16