SYSPRO Smarter ERP

AUGUST 1, 2022

However, effectively dealing with these challenges and optimizing a manufacturing business’ processes is challenging without adopting and implementing a Bill of Materials (BOM) to accompany an organization’s ERP system. It identifies constraints in the business processes, providing guaranteed improvements.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

Logistics Viewpoints

APRIL 29, 2021

Many companies are achieving this transformation by adopting modular, elastic DC technologies – including AI and robotics – that provide continuous warehouse optimization without replacing their current monolithic and static warehouse systems. Optimization software can also be a “soft” alternative to investing in more steel (i.e.,

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

Logility

SEPTEMBER 15, 2023

By consolidating data from multiple sources, SAP IBP allows organizations to gain a clear understanding of their supply chain and demand planning processes. This, in turn, enables organizations to make informed decisions about inventory management, production planning, and resource allocation.

Optimal Sourcing 131

Optimal Sourcing SAP Supply Chain Planning Software Supply Chain Design Software 131

Logility

JANUARY 12, 2021

Live Event Explores How to Improve Profitability, Increase Customer Satisfaction and Free Working Capital. automating the digital transformation of supply chain optimization and advanced retail planning, invites you to the upcoming webcast: Roadmap to Overcoming Five Obstacles to Achieving Multi-Echelon Inventory Optimization.

Optimal Sourcing 130

Optimal Sourcing Logility Optimization Software Supply Chain Planning Software 130

ToolsGroup

MARCH 7, 2023

The dynamic sourcing capability automatically smooths inventory targets day after day and ensures target service levels are achieved regardless of supplier constraints. Business leaders today are looking for new ways to improve the resilience and agility of their supply chains. Version 8.60 We call this dynamic planning.

Optimal Sourcing 156

Optimal Sourcing ToolsGroup Supply Chain Planning Software Scenario Planning 156

TransAudit

JUNE 27, 2023

Machine learning, at its core, is a technology that allows systems to learn from experience, improve predictions, recommendations, and decisions over time. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 69

EC Sourcing Group

JULY 26, 2022

These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities. Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Examples of Advanced Analytics.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

BlueYonder

AUGUST 29, 2023

Having a disjointed view of inventory and customer data across both physical and online channels is no longer an option for retailers. Implementing an OMS effectively can provide significant value to your commerce outlook, offering a centralized platform for managing orders, inventory and fulfillment across the omni-channel landscape.

Optimal Sourcing 83

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 83

ToolsGroup

MARCH 22, 2016

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

Optimal Sourcing 120

Optimal Sourcing Modeling Optimization Software Inventory Reduction 120

Logility

OCTOBER 22, 2019

This post discusses the Demand Optimization Maturity Curve. IRI – Syndicated Data Source. Source: Logility, Inc. The Demand Optimization Maturity Curve starts at level (1) Naïve Forecasting, the lowest level of maturity, and ends at level (5) Demand Optimization, the highest level of maturity. POS – Point of Sale.

Optimal Sourcing 105

Optimal Sourcing Modeling Supply and Demand Optimization Software 105

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

The Logistics of Logistics

SEPTEMBER 25, 2023

Verusen utilizes advanced data science and artificial intelligence to harmonize disparate material data across multiple enterprise systems to provide complex supply chains with material truth for supply and inventory planning and procurement intelligence.

Optimal Sourcing 263

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Supply Chain Shaman

MAY 26, 2023

The basic frame of supply chain planning–functional taxonomies for optimization on a relational database–must be redesigned before supply chain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). Or a unified data model across source, make, and deliver for planning?

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Supply Chain Shaman

NOVEMBER 9, 2023

Use of optimization to consume planned orders into manufacturing scheduling and distribution requirements planning (including inventory optimization of safety stock). And, there is no translation of planned orders for manufacturing into aggregate procurement. The focus is on functional optimization.

Optimal Sourcing 335

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 335

TransAudit

JULY 6, 2023

Machine learning, at its core, is a technology that allows systems to learn from experience, improve predictions, recommendations, and decisions over time. It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 52

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

ThroughPut

DECEMBER 8, 2023

Prescriptive analytics is a type of advanced analytics that optimizes decision-making by providing recommended actions based on the insights gained from descriptive, diagnostic, and predictive analytics. How Prescriptive Analytics Has Been Driving Value In Supply Chain Optimization? What Is Prescriptive Analytics in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

ToolsGroup

JULY 5, 2023

This is the latest of the company’s significant strides toward making supply chains a force for good by helping organizations improve service levels, reduce excess stock, eliminate waste, and increase profits. Alternative Transportation Mode Updates to existing on-order expedite optimization functions. Version 8.61 Version 8.61

ToolsGroup 156

ToolsGroup Optimal Sourcing Waste Reduction Inventory Reduction 156

Locus

APRIL 3, 2023

This refers to planning, coordinating, and executing the flow and storage of goods and services, including activities such as transportation, inventory management, order processing, warehousing, packaging, and security. Source: Zebra Technologies). The global last-mile delivery market size is expected to reach $61.57 from 2019 to 2025.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

ToolsGroup

MAY 3, 2016

Inventory optimization is one proven way to do it. Inventory is an untapped, cash-rich asset. Most companies have some form of supply chain systems to manage inventory from production through delivery. Of course, you need inventory. Inventory is what you make, what you sell. A Tweak, Not a Replacement.

Optimal Sourcing 120

Optimal Sourcing Modeling Inventory Reduction Optimization Software 120

SCMDOJO

MARCH 19, 2024

A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth. By optimizing the supply chain, businesses can minimize costs, reduce lead times, and improve customer service.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

MARCH 27, 2024

The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory. The robots can also communicate with each other and with a cloud-based software platform that coordinates and optimizes their movements and actions.

Analytics Software 214

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 214

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%. In July 2022, IHL and ToolsGroup surveyed U.S. Retailers can counter a staggering $1.9

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

AIMMS

NOVEMBER 12, 2015

Source: Oliver Wight. Optimization is a form of advanced analytics that helps you solve complex decision problems, enabling you to make the best use of your business’ limited resources.* You can do all of this and more with an optimization technology. JBS: A case for integrating optimization in S&OP and IBP.

Optimal Sourcing 156

Optimal Sourcing Modeling Optimization Modeling Modeling Software 156

ivalua

NOVEMBER 3, 2021

Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. One of the early objectives of Procurement was to optimize tail supplier management. Increased interactivity and improved support for tailgating suppliers further develop these joint business initiatives.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiating Skills Negotiate Pricing 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Optimal Sourcing Procurement Sourcing Strategies Freight 130

Vanguard Software

MARCH 26, 2021

Besides raw material costs, logistics can account for anything between 5% and 50% of the total product cost , depending on where products are sourced, their value, and the shipping methods. Reducing these costs while improving operational outcomes has become a primary mechanism for increasing profitability. Download Brochure.

Optimal Sourcing 52

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 52

Supply Chain Game Changer

MARCH 18, 2020

Optimize Supply Chain article and permission to publish here provided by Roel Calatin at pointonerecruiting.com. But how exactly do you optimize your supply chains without causing problems? A Short Guide to Optimizing Your Supply Chains. Optimizing your supply chains is no easy task. Subscribe Here! Email Address.

Optimal Sourcing 100

Optimal Sourcing Supply Chain Optimization Optimization Software Price Mitigation Strategies 100

ThroughPut

MARCH 24, 2024

Excess inventories lead to excess wastage. Supply chains have a heavily collaborative environment with raw materials sourced from multiple agencies and locales. Elimination Eliminating products that have not been performing well is a beneficial strategy for product mix optimization.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Logility

APRIL 17, 2023

The time is now to take action and invest in technology to optimize your operations, streamline your workflows, and enhance supply chain efficiency across the board. of supply chain managers using Excel spreadsheets to manage your inventory and supply chain, it’s time to make a change. If you’re one of the 67.4%

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 130

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

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Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Procurement Sourcing Solutions : What Is Procurement Management?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

The Logistics of Logistics

JUNE 17, 2022

Jeff Flowers and Joe Lynch discuss why inventory is everything. Jeff Flowers is the Chief Operating Officer of OneRail , a final mile delivery orchestration platform providing real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients. Key Takeaways: Inventory is Everything.

Inventory Reduction 173

Inventory Reduction Optimal Sourcing Inventory Logistics Network Optimization Software 173