Taulia

AUGUST 29, 2023

There’s no one way to handle supply chain management, with different approaches suiting different objectives. But, by adopting the following 11 best practices for supply chain management, businesses can lay the groundwork for a successful strategy and build a supply chain that meets their needs: 1.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

QAD

FEBRUARY 7, 2023

Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient. Not every segment or every supplier should be managed the same way.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. Our Rating: 4.9/5

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. AI for supplier relationship assessment. The solution?

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

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. Here are some other ways to balance PPV metrics.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management. How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

HICX Solutions

FEBRUARY 15, 2024

Organizations will need to consider and invest in customer experience metrics and data analytics to understand better what their customers want and enhance the supply chain’s ability to understand this. From cloud-based platforms to advanced supplier data analytics , digital solutions are addressing the challenges of supply chain management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

CormSquare

JANUARY 10, 2017

staffing, financing, inventory management, customer service, marketing etc. Following are the 5 strategies that can help SMEs in nearly any phase of their procurement efforts. Strong supplier relationship in both direct and indirect cost spend categories provide great business for SMEs. Technological Advancement.

Resource Reduction 50

Resource Reduction Cost Reduction Strategies Price Reduction Inventory Reduction 50

Supply Chain Game Changer

MAY 27, 2020

Post-pandemic article and permission to publish here provided by Joe Carson, CEO of Spend Strategies, LLC. This strategy will play a role but is also not a panacea. Most risk management specialist will tell you that managing even the top 90% of suppliers by expenditures is an outmoded strategy.

Price Reduction 132

Price Reduction Cost Reduction Strategies Material Savings Purchasing Skills 132

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. This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Decision Making. In a crisis economic factors are critical.

Agile and Lean Supply Chain 230

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

Unleashed

MARCH 28, 2021

As supply chains become more complex there is a greater need to cultivate clear, measurable ways to evaluate every supplier. SRM helps to determine how the organisation’s suppliers either contribute to or detract from the business. Identify the right type of supplier relationship that will suit your needs. Risk mitigation.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Unleashed

DECEMBER 10, 2023

An order management system (OMS) is a software application that can run your entire order lifecycle – from inventory management and fulfilment to distributing order status notifications and managing any returns or exchange orders. ERP risks include implementation failure, poor data quality, and change management.

Inventory Management Software 52

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

QAD

OCTOBER 4, 2023

With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems. In addition, supply chain analytics software must utilize data from suppliers, carriers, and 3PLs to gain a comprehensive review of supply chain systems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

JANUARY 10, 2023

The supply planning process involves: Forecasting customer demand based on historical data and market trends Identifying opportunities for optimisation throughout the supply chain Putting a strategy in place to capitalise on those opportunities. Either way, the first thing you should do is establish metrics and KPIs.

Supply Chain Planning Software 52

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

Supply Chain Game Changer

NOVEMBER 5, 2019

For the sake of having a proper MRO Procurement, Inventory Management, and Supplier Management organization and business process in place you can avoid phenomenal risks to the survival of your business. How Should MRO be Managed? I have worked in a several companies that used various techniques for MRO management.

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

QAD

MAY 16, 2019

These complementary quality processes are focused on processes such as customer and supplier communications, corrective actions, risk management and sub-supplier management. A deeper alignment between strategies, objectives and continual improvement. Strengthened requirements in Chapter 6: Supplier Interface (e.g.

Supply Chain Planning Software 100

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 100

Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. This is often managed with the help of supplier management software or inventory management software. In this post, we’ll unpack ten top procurement metrics and why they matter.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

FEBRUARY 22, 2023

SMEs are particularly vulnerable to cash flow freezes, as they often don’t have the funds in reserve to manage fluctuations of payables. Below are seven effective strategies for improving your cash flow management during a crisis. What is cash flow management? Below are seven strategies to consider.

Inventory Reduction 52

Inventory Reduction Expense Reduction Cost Reduction Strategies Price Reduction 52

Unleashed

APRIL 16, 2023

Inventory tracking software can mean the difference between thousands of customer orders out the door and thousands of dollars down the drain. In this inventory tracking software guide, we break down what it’s for, which features to look for based on your industry and size, and how to safely manage a software upgrade.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Supply Chain Game Changer

SEPTEMBER 21, 2021

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. What should our post pandemic inventory priorities be? Inventory Management Headwinds.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

synchrono

DECEMBER 18, 2017

In this installment, I’d like to talk about strategies for rolling out an eKanban project that have proven successful for me. With eKanban implementations, this can be any number of problems including excess materials on hand, slow inventory turns, too much scrap and more. Strategies for Getting Suppliers on Board.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

Supply Chain Game Changer

NOVEMBER 12, 2018

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. How many functions in your company conduct themselves like they are islands? But the Supply Chain team is uniquely positioned to bridge all of these silos and islands.

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 43

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers. Logistics strategies for streamlined fulfillment.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Unleashed

JUNE 23, 2021

It’s seen businesses adapting rapidly, with technology playing a key role in giving managers the flexibility and efficiency to thrive. Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. 10 inventory management for 2022: 1.

Inventory Management Software 80

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

Supply Chain Game Changer

JUNE 2, 2020

This interview is with Joe Carson, CEO and Founder of Spend Strategies, LLC. Joe Carson, CEO Spend Strategies, LLC. Joe is currently the CEO of Spend Strategies. As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. Increasingly, E.S.G

Sourcing Strategies 61

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 61

NC State SCRC

DECEMBER 12, 2016

It is not about getting higher volume for lower piece rates, but more about shareholder value by being lean and managing supply differently. BCP got to make their own supplier management and selection decisions, and drove the level of collaboration to a level where “we could work with our suppliers to make us successful!”

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 40

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Unleashed

JULY 10, 2023

Sales and Operations Planning (S&OP) is the process of aligning demand planning with supply planning and financial planning to create an integrated business strategy. S&OP strategy An S&OP strategy considers the various push-and-pull factors of the business. What is Sales and Operations Planning?

S&OP 40

S&OP Supply and Demand Supply Chain Planning Software Inventory Reduction 40

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. The formula is: Days inventory on hand + Days sales outstanding – Days payables outstanding= Cash to cash days.”

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Procurement Analytics Manufacturing Procurement 94

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. Benefits of Implementing Procurement Management Strategy.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Logistics Bureau

SEPTEMBER 28, 2020

Even before the pandemic swept across the planet, larger companies were increasingly using 4PL providers to act as their logistics department, handling matters such as order management, legal compliance, warehousing, and supplier management. Tracking and managing orders. The 4PL Market is Growing Exponentially.

Logistics Network Optimization Software 96

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Company 96

HICX Solutions

AUGUST 31, 2023

One area of supply chain management and strategy that has become increasingly important is Supplier Information Management (SIM). What is Supplier Information Management? Keep reading to find out how your organization can benefit from Supplier Information Management.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Procurement Solutions 52

Supply Chain Network

DECEMBER 14, 2013

Jeff Starecheski will discuss the challenges and breakthrough thinking that enabled Sears to build a successful omni-channel strategy. Learn how these retailers determine key metrics for the stores and for the Executive team, and how they measure and improve efficiency in order to better serve their customers.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

Logistics Bureau

OCTOBER 28, 2020

Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. It’s certainly something to consider if you currently maintain a single-sourcing strategy. Inventory Management.

Supply Chain Planning Software 69

Supply Chain Planning Software Supply Chain Software Inventory Management Software Inventory Reduction 69