ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.

Inventory Reduction

Logistics Viewpoints

MARCH 26, 2025

They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods.

Supply Chain Planning Software

Enterra Insights

DECEMBER 17, 2024

A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be. That doesn’t mean optimization isn’t as important now as it has been in the past. Also, validated financial statements are key in the underlying optimization models. ” What is Supply Chain Optimization?

Optimal Sourcing

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

Manufacturing Procurement

Precoro

DECEMBER 24, 2024

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

Price Reduction

Logistics Viewpoints

FEBRUARY 25, 2025

Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. As a result, the company had to lay off workers and reevaluate its entire strategy – even as tariffs are paused – due to a lack of supply chain flexibility.

Manufacturing Procurement

Logistics Viewpoints

JANUARY 6, 2025

When you talk to companies that have implemented enterprise or supply chain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. This collaboration allows for better optimization of the supply chain, ensuring the right products are available at the right time.

Supply Chain Transformation

ivalua

MAY 29, 2025

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

Procurement Solutions

Logistics Viewpoints

JULY 16, 2025

What is needed is a practical, scalable way to unify supply chain data across systems, make it useful in real time, and apply intelligence, whether from algorithms, machine learning models, or a trained human eye, to act on it quickly. This means it can: Embed semantic search into procurement or customer service workflows.

Supply Chain Design Software

Kinaxis

AUGUST 1, 2025

Create a comprehensive inventory that maps each product to its tariff classification, current duty rates, and potential increases under various scenarios. Kanban buffer strategy Traditional lean principles assume predictable costs and supply flows. This analysis informs both immediate pricing decisions and longer-term market strategy.

Negotiating Skills

Logistics Viewpoints

JUNE 25, 2025

Planners are uniquely positioned with an end-to-end focus, from procurement of materials, through manufacturing and engineering, to the movement, storage, and delivery of finished products or services. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting.

Supply Chain Planning Software

Supply Chain Game Changer

AUGUST 11, 2025

Featuring Our 12 Best Procurement Articles! At the heart of supply chain management lies the role of procurement, a strategic function responsible for sourcing, acquiring, and managing goods and services essential for business operations. What is Procurement? Let’s delve into some key benefits of effective procurement: 1.

Sourcing Strategies

ToolsGroup

MARCH 31, 2025

Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?

Forecasting

ivalua

MAY 10, 2025

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.

Procurement Solutions

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Together, these procurement strategies are essential for robust, efficient business operations. Discover how Ivalua can transform your direct and indirect procurement.

Manufacturing Procurement

ToolsGroup

MARCH 31, 2025

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

Supply Chain Planning Software

Logistics Viewpoints

MARCH 12, 2025

They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment. Inventory counts often require manual audits, which are time-consuming and prone to mistakes.

Supply Chain Design Software

ivalua

AUGUST 6, 2025

Indirect procurement sometimes flies under the radar, but its impact on cost, compliance, and efficiency can be significant. However, when left unchecked, mismanaged indirect procurement can cost a lot of money, pose audit risk, and a lack of transparency into who’s buying what – or why. What Is Indirect Procurement?

Optimal Sourcing

RFgen

NOVEMBER 27, 2024

By harnessing the power of data science and analytics, you can gain end-to-end visibility across your entire network, breaking down information silos and optimizing every stage of your operations. Data analytics also offers actionable insights for: Inventory Management: See stock levels across multiple locations in real-time.

Optimal Sourcing

Enchange Supply Chain Consultancy

JUNE 10, 2025

Now for the Do’s & Don’ts In the dynamic world of FMCG, your Route to Market (RTM) strategy and distributor partnerships can make or break your brand’s success. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives. Digital visibility enhances agility and decision-making.

Waste Reduction

SCMDOJO

APRIL 24, 2025

Excess inventory weighs down supply chains. Powered by digital tools, on-demand strategies offer a cleaner, more responsive path to production. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. But in volatile markets, they often backfire.

Waste Reduction

SCMDOJO

OCTOBER 28, 2024

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

S&OP

Logistics Viewpoints

JULY 28, 2025

This introduces a dynamic pricing model where demand and price are more closely linked. From a supply chain perspective, pricing becomes more than a marketing lever, it becomes a live data signal. As price changes influence short-term demand, inventory flows may become more variable.

Supply Chain Planning Software

Logistics Viewpoints

JULY 10, 2025

Others had already pressure-tested their supply chain strategies for moments like this. Scenario modeling, running what-if simulations to stress-test sourcing, pricing, and inventory decisions, has become a cornerstone of supply chain strategy. When the latest wave of U.S. tariffs hit, some companies scrambled.

Modeling

Procurement Academy

JANUARY 30, 2025

Just as technology has the potential to transform other major industries, its also having a major impact on procurement. One thing that is often overlooked in procurement, however, is the need to develop staff that are capable of using these technologies. Digital contract management Procurement contracts can be complex.

Buyer Training

ivalua

JULY 21, 2025

A Procurement System refers to a sophisticated framework or software designed to streamline and automate various stages of the procurement process within an organization. Best-of-breed solutions often specialize in specific aspects of procurement, while full-suite solutions seamlessly automate multiple process steps.

Procurement Solutions

Supply Chain Game Changer

AUGUST 5, 2025

How can you optimize your medical equipment supply chain? Here are some strategies you can adopt: 1. Pricing is a factor that’s been mentioned previously. As part of the optimization, source your medical supplies online from companies like CIA Medical that supply medical equipment in wholesale. What’s lacking?

Optimal Sourcing

RFgen

DECEMBER 19, 2024

This targeted approach optimizes resource allocation and minimizes bottlenecks by allowing you to scale only where necessary. Optimizing existing layouts and exploring alternative locations may be necessary. Track machine runtime to understand and optimize utilization rates.

Material Savings

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. As companies across industries have discovered, a well-optimized supply chain can drive significant improvements throughout their operations.

Sourcing Strategies

Logistics Viewpoints

APRIL 23, 2025

Each reformulation may involve regulatory submissions, quality assurance reviews, and potential consumer communication strategies. Shorter shelf life or more limited inventory of natural colorants may lead to shorter production runs and increased batch frequency. This raises complexity in planning, labeling, and inventory control.

Manufacturing Procurement

Supply Chain Shaman

AUGUST 4, 2025

While most all supply chain leaders will shake their heads and agree that a risk mitigation strategy is essential, the practices commonly used are focused on procurement and supplier management. Safety Stock is a Small Piece of Total Inventory Management. Why does this matter? I hope this helps.

Inventory Reduction

SCMDOJO

OCTOBER 30, 2024

Multi-Tiered System of Support (MTSS) platforms have emerged as innovative solutions in education and training, offering customized support that can profoundly enhance the development of future supply chain experts. Preparing the next generation to excel in this dynamic field requires more than traditional education methods.

Supply Chain Planning Software

Supply Chain Shaman

FEBRUARY 4, 2025

Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Functional Metrics and the Lack of Alignment to Strategy. Change is Hard. Unlearning is Tougher. The industry is full of experts. Guess what? The Lovefest with Shiny Objects.

Supply Chain Design Software

Supply Chain Brain

JULY 17, 2025

AI also improves the efficiency and cost-effectiveness of supply chain operations, both in terms of automating processes, and finding ways to refine pricing strategies and take advantage of forecast trends. Combining these in the supply chain is the ideal way to advance beyond reactive strategies to proactive and even predictive ones.

Sourcing Strategies

Kinaxis

MAY 29, 2025

When tariffs hit, crucial components that were once affordable can become prohibitively expensive, forcing companies to rethink their sourcing and production strategies. With pressure to innovate, especially in the electric vehicle (EV) space, balancing price hikes with consumer demand becomes even more challenging.

Modeling