Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Coordinate every step with insight and action Companies using a platform that synergizes service, inventory, cost, and sustainability stand at the precipice of a highly progressive approach to supply chain planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Opz

MARCH 26, 2015

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. What is the Best Forecasting Model?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. How do they buy from you? Why does it matter to you? It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. Tie policy to action.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. You’ll also learn about supply chain management and the various stages of the procurement process.

Supply Chain Design Software 113

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

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. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

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

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

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Most manufacturers depend on just-in-time (JIT) manufacturing policies. Inventory Map.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. There is a lack of clarity on what drives value and metrics are functional. Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Procurement. Manufacturing.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 221

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.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

QAD

MARCH 9, 2023

They can react to sudden changes in supply and demand, adjust prices and inventory levels in real time and work closely with supply partners throughout the value chain to mitigate risk. That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk. What About Cash?

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

Taulia

AUGUST 29, 2023

This, in turn, can ensure that products received from suppliers are consistently of an appropriately high quality, procured at the right cost, and delivered on time. Choose the right inventory management approach Different companies will opt for different approaches when it comes to inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Unleashed

DECEMBER 11, 2022

That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. However, tracking 50 irrelevant warehouse metrics is far less valuable than tracking a few hyper-useful ones. How to improve order lead times: Procure reliable carriers and suppliers.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

GlobalTranz

APRIL 5, 2017

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking. In other words, the term, “metrics,” can be deceiving.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

ToolsGroup

SEPTEMBER 25, 2019

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Supply Chain Planning Software 281

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 281

American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. Now that’s changed to help alleviate disruptions caused by China’s policy of zero-tolerance for Covid. #2 That’s a significant change from a predominantly “hands-off” policy.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Unleashed

AUGUST 16, 2023

If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. A backordering strategy maintains a customer’s interest and loyalty while the company manages its inventory. Instead, they can manage inventory more efficiently based on actual customer demand.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Supply Chain Shaman

MAY 7, 2015

I find that the path to building an end-to-end value network usually goes through five distinct phases: improving transactional efficiency, data sharing, formulation of policy, building relationships and engaging in joint value creation. These leaders orchestrate the trade-offs between functions with a focus on shared metrics.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Agile and Lean Supply Chain 150

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Unleashed

MARCH 16, 2021

Ordering, managing stock and inventory. Creating procurement policies and procedures. Contract renewals occur automatically without a review policy in place. It may also be necessary to communicate with various other managers to check whether the need for procurement is vital for business operations.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. China's actions and policies also have significant implications for supply chains. Understanding their contribution requires precise metrics and methodologies. business logistics amounts to 9.1%

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach. Foreign trade policies are weakening.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Elementum

JUNE 30, 2022

Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Suppliers will continue to ship orders in an effort to get the inventory off their books. Javier Echevarria has joined Ingredion as their Chief Procurement Officer. How could Stagflation impact Supply Chain?

Procurement Analytics 78

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

Supply Chain Shaman

MAY 21, 2013

Buckle to sales tactics and conventional relationships policies. Be sure to not overlook the inventory carrying costs and the impact of demand latency. Generalize procurement of materials. Some helpful reports include: Supply Chain Metrics That Matter: The Cash-to-Cash Cycle. Please use this link: [link].

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Matters

MAY 23, 2022

Our stated takeaway from for the Q1 data was that indices were no longer reflecting the optimism indicated in February, and instead that of growing headwinds and added geopolitical concerns related to effects of the Ukraine conflict and China’s potential economic stumble as a result of a strict COVID-19 isolation policy. s major retailers.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

Logistics Bureau

DECEMBER 20, 2016

It’s not that complicated, but there are three component areas that require a laser focus; inventory, policies, and planning. Let’s be clear about one thing; your company’s customers don’t care one little bit about your internal costs associated with inventory.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

ShipBob

MARCH 9, 2022

Order cycle time is a useful metric for measuring the efficiency of your fulfillment process as it also affects other KPIs like on-time shipping rate and order lead time. Additionally, setting limits on when to place inventory reorders is an essential step to avoiding stockouts and backorders, which can slow down your order cycle time.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Software How To 52

Precoro

NOVEMBER 20, 2023

Cervino provided us with insights into how Opna Bio SA’s team chose the right system and how it impacted their procurement process. They were worried that with a manual approach, data entry and creation of procurement documents would be time-consuming and prone to errors. ." Thus, the onboarding process began.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Biotech Optimal Sourcing 52

BlueYonder

MAY 22, 2020

As far as space is concerned, only 3PLs with large networks can afford to redeploy inventory to other locations that is then compounded with potentially higher transport costs. In addition to establishing company-wide policies, 3PLs must adhere to applicable state and local guidelines for each of their locations.

Cost Reduction Strategies 89

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 89

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

NC State SCRC

DECEMBER 8, 2019

When it is not in motion, it is classified as inventory. My first Monday in, I asked for a full report of all our supply chain metrics, and my analyst told me he could get it to me by Friday. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 52

Talking Logistics

MARCH 2, 2016

no metrics, operate in functional silos). We all know that poor supply chain visibility results in lost sales (out-of stocks), higher transportation costs (expedited shipments), excess inventory, reduced customer satisfaction, and damage to brand reputation (among other negative consequences). poor training); and Process issues (e.g.,

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100