Resilinc

APRIL 17, 2024

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

Sourcing Strategies 101

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 101

Supply Chain Matters

FEBRUARY 25, 2022

We indicated that the implications of unprecedented, elevated levels of inflation levels will vary by specific industry, but taken as a whole, they present a number of complex product management, procurement and supply chain planning challenges that will need to be tackled. The report observes that in December 2021, U.S.

Supply Chain Planning 40

Supply Chain Planning Inventory Manufacturing Procurement Supply and Demand 40

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

CH Robinson Transportfolio

NOVEMBER 19, 2020

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability. wind, solar, utilities).

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". The Seller went forward and manufactured and shipped the two piping units, accompanied by an invoice.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

Supply Chain Shaman

AUGUST 12, 2020

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. During the presentation, I squirmed uncomfortably in my seat. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

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

SCMDOJO

MARCH 15, 2023

In this blog post, we will explore how the platform is being used in the supply chain industry and the opportunities it presents. Read More: The Challenges and Opportunities of Implementing Artificial Intelligence in Procurement ] What is ChatGPT? If you are not familiar with ChatGPT, don’t worry!

Supply Chain Design Software 126

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 126

Supply Chain Shaman

MARCH 18, 2018

The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery. MORE FROM THIS EDITION.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Matters

MARCH 27, 2024

A day has passed after a container ship lost power and crashed into a support pylon of Baltimore, Maryland’s Francis Scott Key Bridge in the early morning hours of March 26. Coast Guard authorities are assured that the bridge debris and/or underwater obstacles are sufficiently cleared for cargo ship navigation.

Baltimore 52

Baltimore Supply Chain Design Software Supply Chain Design Supply Chain Software 52

TransAudit

JUNE 27, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Benefits of Machine Learning in Supply Chain Management One of the most potent applications of machine learning lies in inventory management. Quality control is another area where machine learning shines.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 69

My Office Apps

AUGUST 22, 2022

Having the right systems in place especially for warehouse inventory management is more crucial than ever before. It is without a doubt that Covid-19 presented obstacles and challenges to the business world, obstacles that are still being dealt with by different companies, especially when it comes to supply and demand.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Procurement Solutions Optimization Software 52

ivalua

MAY 6, 2020

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. They ship very small batches twice a week.

Agile and Lean Supply Chain 37

Agile and Lean Supply Chain Optimal Sourcing Manufacturing Procurement Procurement 37

Parade

MARCH 3, 2021

Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods.

Supply Chain Software 148

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 148

Turvo

JULY 15, 2021

In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. The surge of imports that has clogged up container terminals has been largely attributed to restocking, as retailers scramble to make sure they have sufficient inventory.”

Capacity 97

Capacity Supply Chain Network Software Analytics Software Demand Planning Software 97

TransAudit

JULY 6, 2023

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. Benefits of Machine Learning in Supply Chain Management One of the most potent applications of machine learning lies in inventory management. Quality control is another area where machine learning shines.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 52

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. What does backorder mean? How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

ToolsGroup

OCTOBER 25, 2022

Today the stakes are even higher , with the ever-present ghost of disruption rattling supply chains around the world. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Benefits of Effective Seasonal Inventory Management. Understanding Seasonal Inventory and Its Implications Across Industries.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Intelligent Audit

AUGUST 24, 2022

Logistics anomalies can create problems in the shipping process, contributing to issues that affect the business and customers. In addition, we present seven use cases of machine learning detecting anomalies in shipping activity or spend. Anomaly Detection in Freight & Shipping Data. Technology can help.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software 52

Intelligent Audit

MAY 18, 2021

Much like multichannel supply chains, an omnichannel approach functions to meet customer needs in various channels of shopping and shipping. After more than a year of shutdowns and drastic restrictions on business operations, reopening will present a challenge for business owners across the board.

Omnichannel 52

Omnichannel Modeling Supply and Demand Supply Chain Software 52

Elementum

SEPTEMBER 30, 2021

We talk about supply chain as though it’s one thing when really it’s a combination of several different disciplines: procurement, planning, manufacturing, logistics, distribution, operations, customer service. Those skill sets include critical thinking, public speaking, writing and presenting, and basic statistics. Build a strong base.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 147

Supply Chain Matters

APRIL 1, 2022

The metaphor was reflective of when global shipping lines elected to take advantage of such disruptions to drive up shipping rates and ancillary charges to unprecedented levels with ongoing financial impacts to multiple industries. Friedman went on to articulate that transit times to move inventory from Asia to the U.S.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52

Freightos

NOVEMBER 11, 2021

For a forwarder, refraining from working with Maersk today is expensive because it removes 17% of global shipping capacity. For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories. Enter Big Tech. The difference… and the looming carrier threat.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Unleashed

AUGUST 28, 2022

Inventory management is one of the most practical applications that maximise the capability of existing programs, diving into the nuts and bolts of a manufacturing operation. What is spare parts inventory management? There are a few terms in spare parts inventory management to unpack.

Inventory Management Software 97

Inventory Management Software Inventory Reduction Inventory Management Demand Planning Software 97

Intelligent Audit

MAY 27, 2021

The right applications can be used to understand what’s happening in the present and what happened in the past. From the moment of order creation to the time it’s delivered, shippers need to know whether it was shipped through the proper distribution center and service, was it damaged, and did it arrive on time and in full.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Intelligent Audit

MAY 27, 2021

The right applications can be used to understand what’s happening in the present and what happened in the past. From the moment of order creation to the time it’s delivered, shippers need to know whether it was shipped through the proper distribution center and service, was it damaged, and did it arrive on time and in full.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Modeling 52

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Time horizon.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

NC State SCRC

NOVEMBER 6, 2021

Nowhere is digital transformation needed more than the Los Angeles port, where major operational disconnects are occurring between ships, trains, and trucks. However, not every supply chain and procurement decision fits neatly into this category. This is a “positive vote for the machine”.

Purchasing Training 52

Purchasing Training Supply Chain Planning Software Supply Chain Planning Negotiating Skills 52

Parade

MARCH 3, 2021

Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

Parade

MARCH 3, 2021

Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

Supply Chain Matters

JANUARY 3, 2024

Leaders will again be presented with an environment of uncertainty and differing economic, financial and risk based outlooks, depending on geographic region, or specific industry product demand or supply network sector. Other businesses across industry sectors will seek to achieve 2024 growth by seizing added market share.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

Supply Chain Matters

MARCH 3, 2022

The World Container Index , assessed by Drewy Consultants, is a compilation of eight major shipping routes to and from the United States , Europe and Asia. The Flexport Ocean Timeliness Indicator tracks average ocean container shipping transit times. Of particular concern was the Inventory level index, which rose 9.1

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

ShipBob

MAY 6, 2022

Combined with a lack of supply chain forecasting , you’ll have a hard time accurately forecasting how much inventory you will need in the near future. Inventory overstocking. This increased competition presents the need for wholesale businesses to deliver quality products consistently and at shorter timeframes.

Supply Chain Software 52

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

Ware2Go

FEBRUARY 1, 2022

The process of learning a new saas technology and physically moving inventory to a new location can be overwhelming. Allergy-friendly food brand Hungry Harry’s found that the support they received in the onboarding process set them up for success as soon as they started shipping with Ware2Go. Meet Our Team.

Supply Chain Planning Software 52

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

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

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

Supply Chain Matters

DECEMBER 13, 2022

Disruptions were brought about not only by the persistent and recurring spread of Covid -19 infections globally, but also significant storms and natural disasters, a one-week blockage of one of world’s most transited shipping canals, followed by complete disarray among global shipping schedules.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Optimization Supply Chain Software Supply Chain Strategy 52