ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Logistics Viewpoints

FEBRUARY 25, 2025

Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. As a result, the company had to lay off workers and reevaluate its entire strategy – even as tariffs are paused – due to a lack of supply chain flexibility.

Manufacturing Procurement 249

Manufacturing Procurement Inventory Reduction Optimal Sourcing Price Reduction 249

Supply Chain Shaman

JANUARY 7, 2025

The problem is that the reduction of costs within one function does not necessarily drive value. For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The answer is not th e Gartner Top 25. What should we do?

Optimal Sourcing 367

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 367

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. They are no longer just vendors of goods and services.

Manufacturing Procurement 292

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 292

Precoro

DECEMBER 24, 2024

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

SCMDOJO

APRIL 24, 2025

Excess inventory weighs down supply chains. By producing only whats needed, when its needed, they eliminate the burden of forecasting errors and reduce warehouse dependency. Powered by digital tools, on-demand strategies offer a cleaner, more responsive path to production. Digital fabrication makes this possible.

Waste Reduction 98

Waste Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 98

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 130

ToolsGroup

MARCH 31, 2025

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Forecasting Software Inventory Reduction 156

ToolsGroup

MARCH 31, 2025

Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?

Forecasting 156

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 156

Logistics Viewpoints

OCTOBER 15, 2024

Amul’s model supports small producers by integrating large-scale economics, cutting out intermediaries, and connecting producers directly with consumers. Direct Procurement : Milk is collected directly from farmers at the village level. This reduces intermediaries, ensuring that farmers receive a higher price for their milk.

Optimal Sourcing 284

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 284

Logistics Viewpoints

JUNE 25, 2025

Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting.

Supply Chain Planning Software 282

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 282

ivalua

MAY 10, 2025

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.

Procurement Solutions 130

Procurement Solutions Sourcing Strategies Optimal Sourcing Analytics Software 130

ivalua

JUNE 12, 2025

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

Logistics Viewpoints

APRIL 10, 2025

Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. For years, supply chains were engineered to be lean.

Optimal Sourcing 220

Optimal Sourcing Modeling Supply Chain Optimization Cost Reduction Strategies 220

ivalua

MAY 29, 2025

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software 130

Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

Supply Chain Brain

JULY 1, 2025

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. The company says its new approach uses agentic AI to transform consumer feedback into profitable retail growth strategies. AI can help.

Price Reduction 87

Price Reduction Inventory Reduction Cost Reduction Strategies Resource Reduction 87

Supply Chain Shaman

FEBRUARY 4, 2025

Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Functional Metrics and the Lack of Alignment to Strategy. Most focus on cost reduction, assuming that functional cost translates to operating margin. Change is Hard.

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

Logistics Viewpoints

APRIL 23, 2025

Supply chain managers will need to assess supplier capacity, evaluate long-term sourcing contracts, and consider geographic diversification to reduce risk associated with seasonality and regional sourcing limitations. Companies may need to revise inventory strategies and adjust procurement lead times accordingly.

Manufacturing Procurement 177

Manufacturing Procurement West Virginia Food Sourcing Strategies 177

Logistics Viewpoints

OCTOBER 24, 2024

While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. This solution provides insights in a much easier way to digest.

SAP 292

SAP Manufacturing Procurement Procurement Solutions Procurement Analytics 292

Supply Chain Shaman

JUNE 26, 2025

They never leveraged their point-of-sale data to detect market shifts, and the supply chain organization prioritized cost reduction. The use of the supply chain as a functional organization within the organization to reduce costs. The organization became more functional and political. Why would I do this? Strategic levers (e.g.,

Material Savings 221

Material Savings Waste Reduction Cost Reduction Strategies Price Reduction 221

Logistics Viewpoints

JANUARY 6, 2025

For example, the application sends three auto reminders to a buyer if a PO they cut does not have a corresponding purchase order confirmation associated with it. But the chief procurement officer has been made aware of the 10% of suppliers not participating. Molex has also used the tool to reduce supplier lead times.

Supply Chain Transformation 299

Supply Chain Transformation Supply Chain Software Purchasing Training Buyer Training 299

Supply Chain Shaman

JUNE 10, 2025

In May, the total number of job cuts in the US were 696,309 – an increase of 80% from the 385,859 jobs cut in the first five months of 2024. During the first week of June 2025, job cuts continued with 90,000 layoffs with iconic brands like Kimberly-Clark (1500-1900), Microsoft (6,000), P&G (7000), and Wal-Mart (1,500).

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Waste Reduction 221

Logistics Viewpoints

JULY 10, 2025

Others had already pressure-tested their supply chain strategies for moments like this. Scenario modeling, running what-if simulations to stress-test sourcing, pricing, and inventory decisions, has become a cornerstone of supply chain strategy. When the latest wave of U.S. tariffs hit, some companies scrambled. They’re the norm.

Modeling 258

Modeling Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 258

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 307

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 307

Arena Solutions

JULY 10, 2025

To thrive in this volatile environment, manufacturers must adopt proactive supply chain risk management (SCRM) strategies and embrace modern technology. To thrive in this volatile environment, manufacturers must adopt proactive supply chain risk management (SCRM) strategies and embrace modern technology.

Inventory Reduction 62

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 62

Enchange Supply Chain Consultancy

JUNE 10, 2025

Now for the Do’s & Don’ts In the dynamic world of FMCG, your Route to Market (RTM) strategy and distributor partnerships can make or break your brand’s success. Do Embrace Technology and Data : Use real-time data for demand forecasting, inventory management, and route optimization. Ensure margins are fair and sustainable.

Waste Reduction 165

Waste Reduction Vendor Strategies Inventory Reduction Cost Reduction Strategies 165

Supply Chain Game Changer

JULY 3, 2025

This can damage your reputation and reduce sales. Below are a few other ways to help you reduce lead times. Here are some strategies for effective collaboration: Supplier relationship management (SRM): Establishing a strong SRM process fosters open communication and transparency between the business and its suppliers.

Inventory Reduction 59

Inventory Reduction Waste Reduction Vendor Strategies Cost Reduction Strategies 59

ModusLink Corporation

JANUARY 30, 2025

In this blog, well explore key strategies to enhance supply chain resilience and highlight how services like those offered by ModusLink can help businesses navigate these challenges effectively. Effective demand planning also optimizes inventory levels, reducing costs associated with storage and carrying inventory.

Sourcing Strategies 78

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Resource Reduction 78

RFgen

DECEMBER 19, 2024

Material Flow: Optimize material flow patterns to accommodate increased volume without creating bottlenecks or excessive inventory. Consider the following: Existing Stock Keeping Units (SKUs): Manufacturing companies should analyze their current inventory levels and how they align with anticipated demand.

Material Savings 92

Material Savings Resource Reduction Sourcing Strategies Inventory Reduction 92

Logistics Viewpoints

MAY 1, 2025

Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more. Predictive and prescriptive AI addresses use cases like inventory optimization, asset health predictions, yield optimization, and financial forecasting. Key features include Multi-tier Mapping and Trace Request.

Prescriptive Analytics Software 203

Prescriptive Analytics Software Optimal Sourcing Material Savings Predictive Analytics Software 203

Supply Chain Shaman

JUNE 17, 2025

This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. When we measure the bullwhip impact (in my class on outside-in process thinking), the bullwhip between manufacturing and procurement is 2-3X. The use of outside-in signals can reduce it by 40-60%. Most likely.)

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 195

Logistics Viewpoints

MARCH 12, 2025

They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment. Inventory counts often require manual audits, which are time-consuming and prone to mistakes.

Supply Chain Design Software 271

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Negotiating Skills 271

Supply Chain Game Changer

JUNE 18, 2025

Below are some common problems in supply chain management and how they can be mitigated with the assistance of software solutions and digital strategies in logistics. It must address various demands, including indirect procurement requests, project and manufacturing requirements, and external customer demands.

Waste Reduction 59

Waste Reduction Inventory Reduction Sourcing Strategies Cost Reduction Strategies 59

RFgen

NOVEMBER 27, 2024

You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. Data analytics also offers actionable insights for: Inventory Management: See stock levels across multiple locations in real-time. Ready to get started? Let’s dive in.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 98