Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Being prepared allows for efficient and timely execution of procurement functions.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

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

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

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 Game Changer

NOVEMBER 3, 2022

Your organization has to be more vigilant than ever regarding security to avoid risks like data loss or theft, underscoring the role of IT. This information can help companies manage inventory levels and improve customer service and engagement. Procurement Management. Financial Information Monitoring.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

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. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Synovos

OCTOBER 30, 2023

There are 14 other sites that receive procurement support. After making one-time adjustments to clear inventory that no longer exists from the ERP system, RS Integrated Supply consistently achieved the target 98%. As the low-hanging fruit of material savings is realized, program savings evolve to include additional metrics.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Taulia

SEPTEMBER 7, 2022

But those goods and materials, referred to collectively as inventory, can be difficult to manage efficiently – especially at scale. Ineffective management of inventory can be extremely harmful to operational success. But, to complicate matters, there’s more than one inventory management strategy to choose from.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

GlobalTranz

OCTOBER 6, 2021

With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. Leveraging a 3PL’s relationships, people, processes and technology helps businesses balance supply and demand volatility and secure reliable and consistent capacity.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logility

OCTOBER 6, 2023

And those that leverage on-demand services provide secure access to scalable, high-performance environments available around the globe. Increased visibility – a cloud platform provides real-time visibility into critical supply chain data, such as inventory levels, which can help you make informed decisions.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Zipline Logistics

JANUARY 10, 2023

T he cascading logistical problems caused by the pandemic and the war in Eastern Europe have made securing a reliable supply chain a national imperative. So, what must manufacturers and policymakers do to ensure that we have secure and resilient supply chains? Andrew Lynch x Authority Magazine Interview. Perform a network analysis.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

OptiProERP

APRIL 9, 2024

Accuracy and timeliness are essential to provide customers with competitive quotes to secure business opportunities. Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Order Management Once a quote is accepted, it transitions into an order.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 278

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. These can be security or janitorial services, for example. Keep reading about: What Are Cost Centers?

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Elementum

FEBRUARY 7, 2024

Inventory Management: AI and ML bring precision to inventory control, automating reorder processes and warehouse organization, ensuring optimal stock levels and reducing waste. Handling Security Concerns Digital processes introduce complex challenges such as vulnerability to cyber threats and the need for constant security updates.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

RFgen

APRIL 20, 2023

OVERVIEW: Overview of Mobile Inventory Solutions What Problems Does Mobile Inventory Solve? With the growing reliance on digital technologies and reliable data, Oracle Fusion Cloud SCM has emerged as a powerful platform, enabling organizations to optimize their inventory control practices.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

Logistics Viewpoints

JUNE 1, 2023

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

SYSPRO Smarter ERP

MARCH 15, 2023

Although there are standard widely available tools, such as excel spreadsheets, that can be used to forecast demand, functionalities of such tools generally lack the robustness and data security required by most manufacturing organisations.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Elementum

AUGUST 17, 2022

This includes everything from the procurement of raw materials to the delivery of finished products. In addition to an SCSM tool, you should also consider investing in other supply chain solutions such as lean inventory, supplier management, and security tools. Security Tools These tools protect your supply chain-related data.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. and secure reliable and consistent capacity. . transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Arena Solutions

FEBRUARY 4, 2022

Build-to-order production processes, strategic inventory placement, and last-mile manufacturing are some of the approaches being used to meet these requirements. Meet regularly with your suppliers and procurement/sourcing team. Establish and analyze key performance metrics. Inventory availability, turnover, and lead time.

Supply Chain Design Software 78

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 78

Taulia

JULY 11, 2023

Build an ESG-compliant supplier base To address ESG risks, companies need to put ESG at the forefront of how they do business – and that starts with the procurement process. Rethink inventory management strategy Sustainability and optimal inventory levels go hand in hand.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40

ShipBob

NOVEMBER 15, 2021

By scrupulously maintaining inventory levels , honing operations, and securing fast shipping options, your business will always be in a position to meet customer demand quickly. Luckily, ShipBob had the fulfillment center space to store that inventory, and the capacity to start shipping orders in just 3 days. Logistical Process.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

The Network Effect

OCTOBER 3, 2014

Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery. Supplier shipment information accuracy.

Supply Chain Network Software 197

Supply Chain Network Software Automotive Modeling Software Supply and Demand 197

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Game Changer

NOVEMBER 5, 2019

Indirect Procurement – It’s Time to Rise and Shine! High spend and highly visible Procurement categories like raw materials, I/T, capital equipment, travel, facilities, large services contracts and more often merit dedicated Commodity Management resource. Proactive inventory management is essential. Subscribe Here!

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

Unleashed

AUGUST 16, 2023

If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. This way, the customer can secure a product on the proviso of the order being processed once it’s physically restocked. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52