Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. 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

Logistics Viewpoints

MAY 19, 2022

Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. Technical innovations can also impact supply chains, which is why many turn to supply chain planning solutions, which are designed to be trade-off machines.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

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. The decline in inventory turns uses cash. My question is, “Why?” Background. Growth requires cash.

Supply Chain Design Software 195

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

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) My desire was to make the rankings of the Top 25 supply chain report data-driven based on balance sheet results. A forum was great for networking but not for driving process innovation. I argued for industry collaboration to define and drive process innovation.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. 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

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. As the industry evolves and innovations improve, OTR freight management technologies offer?? transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. It’s an incredibly exciting time to work in the supply chain.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 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. Lower costs.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Logistics Viewpoints

DECEMBER 14, 2021

It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. Inventory Optimization. Inventory Optimization involves decisions about the inventory level, the location, and the mix of products. According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7%

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Most budgets are completed in currency at a brand level.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

TransAudit

DECEMBER 13, 2023

Circular supply chains require multidirectional communication and innovation, so the technology must provide easy ways to accomplish this. Reward supplier innovation and progress on circular initiatives. Metrics and Performance Management Legacy supply chain metrics rarely capture the effectiveness of circular supply chains.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

Locus Robotics

JANUARY 2, 2024

Learn how these innovations are transforming logistics operations. Data Analytics and Automation The use of artificial intelligence (AI) or machine learning within warehouses thanks to tools such as robotics could increase to optimize your supply chain and reduce operational costs.

Demand Planning Software 52

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

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Real Estate New York Logistics 185

Locus Robotics

JANUARY 2, 2024

Learn how these innovations are transforming logistics operations. Data Analytics and Automation The use of artificial intelligence (AI) or machine learning within warehouses thanks to tools such as robotics could increase to optimize your supply chain and reduce operational costs.

Demand Planning Software 52

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

Enterra Insights

MARCH 27, 2019

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance. ”[2].

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Brand loyalty is no longer the driver for consumer purchasing decisions. People simply want to purchase products from businesses which provide a more transparent and streamlined service, and who deliver on their customer promise, even if it means inflated prices to obtain it. BE READY FOR THE NEW NORMAL.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Supply Chain Shaman

MAY 21, 2013

We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. The most common reporting relationship in the organization is to the hospital’s Chief Financial Officer (CFO). Balance innovation and standardization.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Supply Chain Shaman

MAY 2, 2016

With the evolution of cognitive learning, cloud-based analytics, non-relational technologies, and streaming architectures, the ERP vendors are no longer the center-piece of supply chain visionaries’ discussions. Software maintenance costs are rising for the CIO. New business models are evolving.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Analytics Software Supply Chain Software 150

Enterra Insights

AUGUST 18, 2021

” Inventory Management. Inventory embedded with the proper sensors can be tracked in real-time via the IoT. Supply chain journalist Catherine Metcalf explains, “Businesses can now place IoT sensors with a variety of components to help manage inventory more efficiently. Now, the cobot brings everything to the picker.”

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Design 130

Enterra Insights

MARCH 30, 2022

According to the staff at Scorpion Planogram, at the height of the pandemic, “Many [consumers went] to brick-and-mortar stores with specific purchases in mind, whether that meant a large, well-planned grocery trip or an expedition to find a good reusable mask.”[2] What are they buying online for curbside pickup or delivery?

Trends 130

Trends Procurement Analytics Inventory Reduction Cost Reduction Strategies 130

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. Companies are using big data to change the way they monitor product performance, research, develop and innovate. This information may include inventory levels, customer information, sales and other basic data that can be moved onto one file.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Supply Chain Shaman

DECEMBER 23, 2014

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Don’t fool yourself.

Packaging 289

Packaging Inventory Reduction Supply Chain Design Software San Francisco 289

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

NC State SCRC

JANUARY 18, 2018

I also predicted how this type of engagement would continue to grow in the future, as organizations begin to recognize the value of having an objective, third party view on their problems can create innovative solutions. Lenovo Excess and Obsolete Inventory. MUFG Union Bank Strategic Performance Metrics.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

Unleashed

MARCH 31, 2021

You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. A lean business looking to build efficiencies would do well to try and improve this metric. Inventory days of supply. Inventory days of supply. Transportation costs.

Supply Chain Planning Software 69

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

GlobalTranz

OCTOBER 19, 2017

The revenue of a given distribution center is directly related to its carrying costs. Seasonal changes, changes in the pace of product ordering and products that tend to be purchased together mean a static slotting plan will eventually fail. Innovative Slotting Optimization Practices Enable Waveless Picking Too.

Optimization Software 137

Optimization Software Inventory Reduction Cost Reduction Strategies Material Savings 137

BlueYonder

JANUARY 31, 2023

In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supply chain initiatives and their innovative solutions.

Automotive 85

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 85

The Logistics & Supply Chain Management Society

JULY 20, 2020

Innovation and supplier management calls for cloud-based integrated systems between partners and advanced predictive models. Predictive analytics will quicken demand response and involve product-use insights to improve accuracy against external factors affecting demand (e.g. Efficiency and cost management.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74