Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. The impact varies by supply chain sector and value chain. These are our weakest links.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Serota said that both sides are “spending a lot of time at the negotiating table, and I am optimistic we will hear good news soon”.

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Adequate cross training is not occurring fast enough to fill the gap. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Manufacturers can use forecasting to support inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Precoro

SEPTEMBER 22, 2022

When repeatedly ordering large amounts of the same goods from one supplier, managing purchase orders and adequately planning the expenditures becomes quite tricky. That's where blanket purchase agreements come in handy. What is a Blanket Purchase Agreement, and Why Use It? How to Set Up Blanket Purchase Agreements in NetSuite.

Pricing Training 52

Pricing Training Purchasing Training Purchasing Skills Procurement Analytics 52

Herlitz Inventory Management

MARCH 24, 2022

Two HIMPACT customers have already rented extra warehouse space just to store forward bought inventory. If ever there was a time to take advantage of forward buying, this is it! Knowing that forward buying is important is only step one. To do so effectively, you need to first understand how much extra to buy.

Pricing Training 52

Pricing Training Eliminating Excel in Purchasing Purchasing Training Vendor Strategies 52

Supply Chain Shaman

OCTOBER 4, 2018

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. IT View of the Current State of Inventory. Five Reasons.

Inventory Management Software 262

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 262

GlobalTranz

SEPTEMBER 23, 2021

on-highway diesel fuel prices are up $0.898 from the end of August 2020. The forthcoming infrastructure bill may contain funds to help assist shipper needs, such as grants to increase the number of driver training facilities and kickbacks to carriers that implement added safety measures. According to the? continued growth and success.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Logistics Viewpoints

JUNE 1, 2023

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Automated Learning: Machine learning algorithms automate the training process, reducing the need for manual intervention. However, traditional forecasting methods often fall short in accuracy.

Forecasting 175

Forecasting Forecasting Software Demand Planning Software Modeling 175

Enterra Insights

DECEMBER 26, 2022

The staff at Wired magazine notes, “Everyone returns a gift or an impulse purchase now and then. Today’s consumers take a lot of factors into consideration when they make a purchase — including product availability, price, delivery dates, and return policies. of all merchandise purchased in the U.S.

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

Unleashed

APRIL 21, 2024

It’s the journey that order takes from the second they click ‘Buy’ to the moment all the goods are delivered to your customer’s doorstep. The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order.

Inventory Management Software 52

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

Supply Chain Shaman

FEBRUARY 16, 2024

The translation of ripple effects of short supply, pricing, quality issues, and freight shifts affects how to source, make, and deliver processes should align. Sadly I observed that as the training and knowledge sharing over the last two decades became more available, it was also less valuable as the supply chain became more mainstream.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

Unleashed

MAY 10, 2022

Wholesale eCommerce is where a business sells goods to another business online in bulk at a discounted price. In other words, it’s traditional B2B wholesale commerce, with one business wanting to buy a product in bulk from another, but the transaction takes place online. It is generally a far more emotions-led purchase.

Pricing Training 98

Pricing Training Inventory Management Software Purchasing Skills Purchasing Training 98

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. Typically, the inventory values used in the triangle are safety stock. Struggling, they are not sure what to do next.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

Enterra Insights

JUNE 25, 2019

For the last few years, inventory shrinkage has annually cost U.S. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money. To reduce shrinkage, retailers need to have a strategy to address each of the ways inventory can be lost. Inventory shrinkage strategies. Somewhere between 1.5%

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

Herlitz Inventory Management

JULY 7, 2021

How to Remain Profitable During Periods of High Inflation with Forward Buying. Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. Forward Buying and Inflation. It hasn’t been lost here at Herlitz Inventory Management!

Pricing Training 52

Pricing Training Purchasing Training Negotiating Skills Inventory Management Software 52

Enterra Insights

DECEMBER 16, 2021

Food prices have been on the rise for months. Back in April 2021, journalist Ben Popken ( @bpopken ) wrote, “Shoppers had better start budgeting more for their groceries, according to the latest consumer price index [CPI], which shows prices are increasing — and they’re likely to keep going up.”[1]

Supply Chain Design Software 130

Supply Chain Design Software Predictive Analytics Software Pricing Training Purchasing Skills 130

Procurement Academy

OCTOBER 18, 2023

After all, these training programs provide a range of benefits, spanning from specific role-focused activities like inventory control, supply, and demand planning, or project management, to giving employees the tools they need to drive their creativity and productivity, thus significantly contributing to business success.

Negotiating Skills 52

Negotiating Skills Buyer Training Supply Chain Performance Pricing Training 52

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error. What’s your budget?

Inventory Management Software 52

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

Logistics Viewpoints

JANUARY 12, 2024

between December 15th and December 25th, Momentum Commerce found that the share of products with an “Arrives after Christmas” tag in Amazon’s Buy Box in 2023 was 10.2 The German company offers planes, trains and trucks to move goods globally. Walmart unleashes ‘largest drone delivery footprint of any U.S. percent of U.S.

Logistics Network Optimization Software 257

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 257

Supply Chain Shaman

APRIL 1, 2015

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for my inventory optimization report, the lowest level of satisfaction with multi-tier inventory optimization is with clients of the SAP inventory solution (previously purchased from SmartOps).

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

Talking Logistics

JUNE 15, 2018

Those three companies are investing significant money and resources to transform their distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores but are now becoming outdated in this new market where speed of delivery and inventory reduction are paramount. No small talk.

Pricing Training 101

Pricing Training Purchasing Training Negotiating Skills Logistics Network Optimization Software 101

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Besides, AI is helping retailers optimize inventory, warehouse and pricing. Dynamic Pricing If you want to adjust the prices of your products dynamically, AI tools are the best.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Precoro

NOVEMBER 7, 2022

What different products or services does the staff need to purchase in order to produce pizza? Direct procurement , or direct spend , is the purchase of goods and services directly associated with the manufacturing of the company's final product. Typically, direct purchases are made in large quantities to get a bulk discount.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Precoro

OCTOBER 2, 2023

Now, companies can handle the pre-PO procurement processes, identify purchasing needs, order and approve purchases, receive invoices, and pay for goods all in one system. The PR should contain information about the required items and, if necessitated by company policy, justification for the purchase.

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Unleashed

OCTOBER 27, 2021

Global supply chain disruption, rapid technological evolution, changing buying and selling habits – wholesale distributors have had to deal with some rapid and radical changes over the past couple of years. For example, is your inventory management more efficient, leading to quicker stock turnaround and faster fulfilment?

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

Unleashed

FEBRUARY 8, 2023

While this may prevent critical stockouts, it’s created another problem: All their cash is tied up in inventory, leaving manufacturers desperately scrambling to pay bills and employees on time. They say, ‘For this production, we can do it at this unit price. Get] a really good plan in place to ensure your team are trained.”

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 98

Unleashed

OCTOBER 17, 2022

Lack of buy-in ERP will fundamentally change how your business works – that is, of course, the point. Lack of buy-in – from management or staff – is a major risk in ERP implementations. Project planning Deploying ERP isn’t like buying a bit of software, installing it on some PCs and calling it a day.

Vendor Strategies 97

Vendor Strategies Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software 97

GlobalTranz

AUGUST 10, 2016

Today, Kelly shares the top 14 Logistics and Supply Chain Management training programs and courses available in 2016. The price for this course is 5,300 USD and it starts in September 2016. Editor's Note: This is a guest blog from our friend Kelli Harris, a consultant and recent college graduate in Logistics Management.

Supply Chain Design Software 120

Supply Chain Design Software Course Supply Chain Planning Software Price Mitigation Strategies 120

Vinculum

OCTOBER 3, 2023

Regardless of the customer’s point of contact, this strategy seeks to deliver a seamless and customized purchasing experience. An omnichannel approach makes the transition smooth, and the customer can make an informed purchase decision. Retailers can efficiently manage stock levels, minimizing overstocking and stockouts.

Omnichannel 52

Omnichannel Inventory Reduction Price Reduction Inventory Management Software 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. When an order is confirmed, the items need to be collected from inventory and packaged for shipment.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Eyvo

FEBRUARY 26, 2019

Briefly explained, it is training machines to do things which humans can do but, better. While we have spoken in previous blogs about how this is a crucial aspect, it is also necessary that we negotiate better with them and develop long term relationships. Faster and effective negotiations lead to an increase in savings.

Procurement Solutions 61

Procurement Solutions Procurement Analytics Pricing Training Negotiate Pricing 61

RFgen

MARCH 12, 2024

In inventory management, the FIFO (First-In, First-Out) method takes center stage, offering a performance of unmatched clarity and efficiency in the world of stock control. Imagine your inventory as a flowing river, where the oldest water—your earliest products—moves forward to be used first, ensuring nothing stagnates or loses its relevance.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Inventory Management Material Savings 79

Enterra Insights

JUNE 24, 2022

Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.”

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Dynamic pricing Dynamic pricing is pricing strategy that’s existed for some time in the online travel space – famously executed internally by Amazon.

Inventory Management Software 52

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