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. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

Predictive Analytics Software 59

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

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. 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.

Prescriptive Analytics Software 52

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

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ? Let’s rethink everything to figure out what it might be for the future of procurement in light of it all.

Optimal Sourcing 78

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

Supply Chain Shaman

JUNE 9, 2023

Planning needs to respect the multiple flows of items–high volume and predictable, low volume and predictable, low volume and not predictable, seasonal, new product launch introductions, and demand shaping. Companies need a planning solution to analyze the trade-offs between make, source, and deliver. The reason?

Optimal Sourcing 309

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 309

Silvon Software

AUGUST 8, 2022

To address these issues, manufacturers and distributors are focusing more on the use of data analytics to help them make more strategic decisions related to supply chain performance. But how can organizations best use data analytics to enhance their supply chain management efforts?

Analytics Software 79

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 79

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Continuous improvement initiatives driven by data analytics and feedback mechanisms.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list. This complexity is occurring in many forms.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

Logility

AUGUST 31, 2023

From where they shop and how frequently they buy to what price points entice them, consumer behaviors have been challenging to predict over the past year. 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

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. AI in inventory management.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 193

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

River Logic

AUGUST 14, 2019

The value of predictive analytics allows companies to view the history of a seasonal product’s raw materials, for example, and predict how procurement needs to source the upcoming season’s inventory.

Optimal Sourcing 100

Optimal Sourcing Supply Chain Optimization Predictive Analytics Price Mitigation Strategies 100

Enterra Insights

AUGUST 15, 2023

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Big Data Analytics and AI are at the forefront of this technological revolution, offering unprecedented opportunities for retailer agencies and agents to optimize their operations and enhance customer experience.”[1]

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Game Changer

OCTOBER 8, 2020

Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Here are some interesting predictions from a reputable international research firm, IDC, which highlight key areas of technological applications regarding the impending digital revolution of the international supply chain.

Predictive Analytics Software 74

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Software 74

Requis

FEBRUARY 19, 2021

He is based in Germany, and, as a founding partner of the supply chain practice at McKinsey & Company , consults on a variety of supply chain-related business problems, including S&OP and advanced analytics. The constraint was capacity and this was a challenge since it was leading to shortages in inventory.

Predictive Analytics 52

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 52

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Intelligent Audit

MAY 27, 2021

Many businesses in the transportation and logistics industry use retail supply chain analytics to predict the future. By leveraging historical information and data, experts can predict how to optimize revenue. Using these analytics can be incredibly helpful for even the most inexperienced practitioner.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. To accurately predict short-term demand, a demand sensing solution can be an asset in their forecasting toolkit. Advanced inventory management. What is Demand Sensing and Why Is It Important for F&B?

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

BlueYonder

OCTOBER 4, 2022

Following on the heels of COVID-19, port closures, labor shortages and geopolitical conflict, climate change-related events are emerging as a significant source of supply chain disruption. The post Climate Change: Yet Another Source of Global Supply Chain Risk and Disruption appeared first on Supply Chain Nation.

Optimal Sourcing 81

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 81

GlobalTranz

SEPTEMBER 23, 2021

Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Download the White Paper: Over the Road Freight Management Trends.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

ivalua

SEPTEMBER 14, 2022

Yet despite the availability of new platforms and analytics tools, supply chain risk management strategies remain in their infancy post-pandemic. Almost seven-in-ten (68%) of organizations view suppliers as a source of differentiation, while 66% now collaborate with suppliers to increase supply chain resilience. About the research.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. The data from Infor Nexus also helps the transportation teams do better carrier sourcing. Keys to Success.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Another is looking at hospital bed utilization to predict market baskets.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

SYSPRO Smarter ERP

NOVEMBER 1, 2021

A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them. Having accurate and real-time visibility into inventory levels will provide additional advantage. Maintaining competitive advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

Logistics Viewpoints

AUGUST 22, 2023

The paradigm is shifting from foundational visibility to real-time decision-making, with positive implications for supply chain teams spanning sourcing & procurement, to production, to yard & DC operations and beyond. Why is this shift such a big deal? We don’t have to think back very far. Lesson learned.

Real-time Visibility 185

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 185

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. This can help optimize inventory management, identify bottlenecks, and optimize logistics operations.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 290

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 290

QAD

MARCH 6, 2024

The Role of Demand Planners Demand planners streamline the journey to the demand plan by extracting insights from various data points and sources. They are the translators of the sales plan into the forecast that will serve as the foundation for production, distribution and procurement planning. What Should Their Duties Include?

Supply and Demand 52

Supply and Demand Modeling Forecasting Sourcing Strategies 52