Cerasis

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. So, why do supply chain managers not take advantage of this data with respect to procurement?

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Procurement Supply Chain Texas Dallas 263

EMERGE App

JANUARY 25, 2021

This article discusses how to calculate the in-process inventory, the costs associated with it, and exactly why you need to account for it. . What Exactly is Work In Process Inventory (WIP)? The frequency of WIP reporting generally depends on the type of company involved.

Inventory 52

Inventory Manufacturing Guidelines Lean 52

EMERGE App

NOVEMBER 16, 2020

There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer.

Inventory Management 52

Inventory Management Inventory Software Retail 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

Procurement 68

Procurement Metrics Sourcing Comparison 68

EFT

MAY 1, 2020

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Sourcing 65

Sourcing Procurement Inventory Apparel 65

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Management 40

Inventory Management Inventory Forecasting Manufacturing 40

EazyStock

JULY 20, 2020

Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Good software will also perform inventory simulations.

Inventory Management 52

Inventory Management Inventory Forecasting Software 52

Cerasis

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Although not subject to the risk of cybersecurity, the costs of manual processes and systems management can be up to 31-times greater than those of digital systems, reports informIT.

Inventory Management 168

Inventory Management Internet of things Inventory Omnichannel 168

OneSCM

MAY 18, 2015

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it. For companies of this size and influence, supplier adoption of the procurement portal simply becomes a criteria for inclusion in the company’s approved vendor list (AVL).

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Procurement Electronics System Shipping 220

EMERGE App

JANUARY 13, 2021

One of the crucial elements of running any business is how effectively one can monitor its inventory. Over the years, numerous tools and ratios have come up to assist managers track their inventory. One such ratio is Days Inventory Outstanding (DIO). Ending Inventory- $1,000,000.

Inventory 52

Inventory Company Tools Industrial 52

OptiProERP

JUNE 17, 2019

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. How ERP Improves Inventory Visibility.

Inventory 53

Inventory Warehousing Procurement Benchmarking 53

Eyvo

MARCH 20, 2019

Reporting and Analytics in Procurement. When organizations adopt digital procurement, they look at it from a cost savings perspective but eProcurement goes way beyond that as we have discussed in our previous blog ‘Procurement Beyond Savings’. While we are not denying the fact that companies do take the reporting, budgeting and analysis features seriously, there are many who do not. Let us look at the importance of reporting.

Analytics 52

Analytics Report Procurement Forecasting 52

Cerasis

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. Another key player in the 2016 state of supply chain report was the move away from rigid, lean processes to agile methodologies. Procurement’s Role Did Become More Important.

Lean 179

Lean Trends Procurement Supply Chain 179

OneSCM

FEBRUARY 5, 2016

The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory. Bundling order-to-cash and procure-to-pay functions not only gives companies a holistic view of their supply chain operations, but also improves decision-making and business growth. In some instances, sales can become risky; procurement staff maintain higher buffer stock levels as a safety net.

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Procurement Metrics Supply Chain Quality 217

EFT

MARCH 19, 2019

Customer demands for faster and faster service are having an effect across the supply chain finds eyefortransport’s new D3 2019 report. The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days. Increasingly retailers and manufacturers are looking at building distribution capabilities into more and more facilities and the sharing of inventory and fulfilment engines.

New York City 44

New York City Retail New York Distribution 44

Eyvo

MARCH 20, 2019

Reporting and Analytics in Procurement. When organizations adopt digital procurement, they look at it from a cost savings perspective but eProcurement goes way beyond that as we have discussed in our previous blog ‘Procurement Beyond Savings’. While we are not denying the fact that companies do take the reporting, budgeting and analysis features seriously, there are many who do not. Let us look at the importance of reporting. E-Procurement Software

Analytics 40

Analytics Procurement Report Forecasting 40

Supply Chain Game Changer

DECEMBER 3, 2019

Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. Looking at recent and historical Inventory performance I could see that turnover always stayed around 5-6 turns with little variation. There was no mentorship given to promote the team and raise visibility to inventory. Subscribe Here!

Inventory 46

Inventory Metrics Benchmarking Government 46

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Growing product businesses should manage their stock using reliable inventory management software.

Inventory Management 55

Inventory Management Examples Procurement Distribution 55

FLEXE

JUNE 15, 2017

In mid-2015, FLEXE conducted a survey of supply chain professionals across multiple industries to identify and understand what key industry trends affect inventory and capacity fluctuations. The key findings of the 2017 survey revealed: Inventory continues to fluctuate and remains a challenge for supply chain professionals. More businesses are faced with inventory exceeding capacity than they are with excess space. Inventory fluctuation lives on.

Capacity 39

Capacity Trends Survey Report 39

Slimstock

MARCH 26, 2019

Andrew Thomas, founder of Skybell Video Doorbell, reports that it takes roughly 40 positive customer experiences to undo the damage of a single negative review. Though it’s often overlooked as an element of customer satisfaction, procurement is an essential component for delivering that satisfaction. Procurement involves buying goods and services that keep an organization operating; it ensures warehouses are well-stocked with the proper supplies at all times.

Procurement 57

Procurement Training Inventory Study 57

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype. Over the coming months, we will identify and describe the four levels of development stages on the road to autonomous procurement.

Virginia 40

Virginia Procurement Chemicals Research 40

Cerasis

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs.

Lean 191

Lean Inventory Management Inventory Six Sigma 191

Eyvo

JANUARY 15, 2019

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Project-based procurement, consultative engagement, product and service specialization, need for geographic presence, among the many factors will permeate procurement.

Trends 46

Trends Procurement Training Software 46

Unleashed

NOVEMBER 20, 2019

Writing a report might not be at the top of your priority list at the moment, but business reports are a critical part of running a successful company. When you’re able to produce good business reports, you’ll be able to save time, money and see a tangible shift in the way your company runs and addresses the future. Business reports compile a snapshot of what is going on in a business at a certain point in time. What’s the reason for doing a business report?

Report 59

Report Procurement Metrics Forecasting 59

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business.

Procurement 56

Procurement Policies Case Study Electronics 56

Eyvo

JANUARY 15, 2019

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Project-based procurement, consultative engagement, product and service specialization, need for geographic presence, among the many factors will permeate procurement.

Trends 40

Trends Procurement Training Survey 40

NC State SCRC

NOVEMBER 6, 2017

The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. In the end, excess and obsolete inventory occurs because of mistakes, mis-aligned decision-making, and lack of consideration of the cost of inventory in countless decisions, including product design, sales forecasting, sales and operations planning, and lack of awareness. Measure life cycle inventory cost.

Inventory 52

Inventory Analysis Metrics Strategy 52

Unleashed

MARCH 19, 2019

Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. Inventory management involving brick-and-mortar stores as well as eCommerce is ever-evolving and more dynamic than ever before. This article looks at how inventory management is paving the path forward in an on-demand world and what this means for business owners. What if the distribution centre manages both store and eCommerce inventory stock?

Inventory Management 58

Inventory Management Inventory Distribution Asset Management 58

Unleashed

JANUARY 15, 2020

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management.

Inventory 76

Inventory Capacity Data System 76

Hybrent

JULY 9, 2019

Hybrent’s complete supply chain suite including eProcurement, Inventory Management, Invoicing Integrations, and Reporting functions streamline the procure-to-pay process for healthcare organizations. . The status quo processes of purchasing, inventory management, and invoicing review is manual, wasteful, and still leaves organizations asking “Am I paying too much?”.

Meeting 63

Meeting Inventory Management Electronics Procurement 63

Hybrent

MARCH 6, 2019

Electronic Procurement. Inventory Management. Healthcare supply chain management software takes the guess work out of inventory because it is directly tied to ordering. That means inventory is updated in real time to reflect when items are ordered, in stock, or on back-order. Reporting. Blog Articles Approval Workflows e-Procurement Integrations Inventory Management Invoicing Order Tracking Preference Cards Reporting Supply Chain Management

Software 40

Software Comparison Electronics Metrics 40

EFT

MARCH 26, 2020

GoExpedi, a procurement solutions and supply chain management provider, has announced the initial release of predictive ordering capabilities for its e-commerce and company management platforms. GoExpedi will continue to provide data analysis for all its customers which includes reviewing catalog management, inventory planning and cost reduction.

Analysis 44

Analysis Forecasting Retail Supply Chain 44

EC Sourcing Group

SEPTEMBER 15, 2020

Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Procurement Tracking Software and Management Software: What Is Procurement Software? Inventory maintenance.

Procurement 52

Procurement Software Report Sourcing 52

DynaSys

MARCH 24, 2020

Even worse the attendant may show up with inventory only to find that the machine had a mechanical problem and that it has been out of service for some period of time. This results in too much orange soda inventory in some machines and not enough at the heavy consumption points. The modern vending machine can automatically and immediately report the current situation at each point of demand.

Beverage 60

Beverage Examples Supply Chain Report 60

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. Inventory levels.

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eBook Training Metrics Forecasting 56