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

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Enterra Insights

APRIL 2, 2024

The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. Journalist Chris Gorrie reports, “Walmart’s heavy reliance on self-checkout has necessitated the deployment of workers as makeshift security personnel, actively monitoring customers for potential theft.”[2]

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

ThroughPut

FEBRUARY 2, 2024

is advanced supply chain analytics. Advanced supply chain analytics is turning the current uncertainty into strategic foresight. In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour.

Prescriptive Analytics Software 52

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

BlueYonder

APRIL 4, 2023

We are very excited to announce that Blue Yonder has been recognized as a Strong Performer in The Forrester Wave : Order Management Systems, Q2 2023 Report. In the strategy category, Forrester also gave Blue Yonder a score of 5 out of 5 in the performance, product vision and community engagement criteria.

Procurement Analytics 78

Procurement Analytics Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 78

Synovos

JULY 24, 2023

The four key goals are in the areas of advancing sustainability, championing education and innovation, empowering people, and doing business in a responsible way. The approach also supports six of the UN Sustainable Development Goals and lays the foundation for the Company’s long-term vision to 2050.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Government 52

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Let’s start with honesty and a focus on process innovation. Here I share my observations: A Focus on Cost Versus Margin. The Focus Inside-out Supported by Functional Metrics.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

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

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. The supply chain supporting the delivery of equipment is the de-facto facilitator of this business model.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

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 Shaman

SEPTEMBER 5, 2022

These teams are also more advanced in the use of planning and more advanced analytics concepts. Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Supply Chain Shaman

SEPTEMBER 10, 2023

Craft and execute strategies? This was before the split of Kraft into Mondelēz and Heinz, at the beginning of the implementation of Kraft’s global supply chain strategy. (He I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. Gain insights? Why does it matter?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Clear Spider

OCTOBER 10, 2023

Shorter trend cycles, rising costs of goods, and high demand for seasonal products like candy, costumes, and decorations are all haunting manufacturers and retailers globally. In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Adding seasonal inventory to the mix only makes it more difficult.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting Software 52

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

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

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

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

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

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

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

ToolsGroup

APRIL 3, 2023

Once encompassing the interplay between brick-and-mortar stores and ecommerce avenues, omnichannel strategies are now beginning to stretch further and further into other selling channels. In the past, planners have taken into account promotion campaigns, adding an appropriate inventory buffer to account for the expected lift in sales.

Inventory Reduction 156

Inventory Reduction Price Reduction Supply Chain Planning Software Forecasting Software 156

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

RFgen

JUNE 22, 2023

Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency. This can range from advising on strategies for enhancing an ERP platform to methods of streamlining stock control. Together, consulting and inventory management improve efficiency.

Inventory Management Software 72

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Optimization Software 72

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. Step 1: Set the strategy. But getting that data hasn’t always been easy.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Unleashed

AUGUST 6, 2023

Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of the cost to produce finished goods. It’s a handy sales strategy to keep in your business toolbox – and can be essential to success in highly competitive markets. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Supply Chain Game Changer

MAY 5, 2021

They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster. Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain. Then came COVID-19.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. What are the strategies that helped the best survive?

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

OptiProERP

NOVEMBER 3, 2022

Forty-two percent of SMBs consider digital transformation a central part of their organizational strategy. Developing an Effective Digital Transformation Strategy. A digital transformation strategy is a detailed plan to improve business operations. Define Metrics to Measure Success. But where do you start?

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. Pursuing the flexibility at the foundation of the highest-functioning modern retail operations is perhaps the most effective strategy. Standardizing strategies.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

RFgen

SEPTEMBER 7, 2018

Enterprises in the retail space can make headway here by implementing an out-of-the-box inventory methodology that transforms storefronts into miniature fulfillment centers. Pursuing the flexibility at the foundation of the highest-functioning modern retail operations is perhaps the most effective strategy. Standardizing strategies.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

Locus Robotics

JANUARY 2, 2024

From leveraging the power of AI to embracing eco-logistics, we will uncover the essential strategies to thrive in this complex and exciting field. Learn how these innovations are transforming logistics operations. Machine Customers to Automate Purchases Machine customers are programs equipped with AI that buy or sell products.

Demand Planning Software 52

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

Supply Chain Matters

APRIL 14, 2023

fulfillment network, including organization and inventory management strategy. Last year, we started rearchitecting our inventory placement strategy and leveraging our larger fulfillment center footprint to move from a national fulfillment network to a regionalized network model.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 52

ToolsGroup

JANUARY 25, 2022

In his opening keynote address, Target CEO Brian Cornell said the supply chain crisis necessitates greater data transparency and analytics to win in the short term. Download guide: 8 Winning Strategies to Combat Supply Shortages ? Resilience and Adaptation to Outsmart Supply Chain Challenges. Upstream supply visibility is crucial.

Waste Reduction 294

Waste Reduction Vendor Strategies Price Reduction Inventory Reduction 294