Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Many merchants were concerned about having enough inventory to meet demand, and consumers wondered if they would be able to secure holiday gifts for loved ones.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

GlobalTranz

OCTOBER 6, 2021

As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. This is especially true as peak season continues to grow volatile.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Logility

OCTOBER 21, 2021

In light of both compliance standards and consumer preferences, non-sustainable supply chains create business risks, including higher chances for reputational damage and supply chain disruptions due to ecological collapses or international embargos. Avoid supply chain disruptions.

Optimal Sourcing 209

Optimal Sourcing Sustainability Supply Chain Planning Software Supply Chain Optimization 209

Taulia

SEPTEMBER 7, 2022

But those goods and materials, referred to collectively as inventory, can be difficult to manage efficiently – especially at scale. Ineffective management of inventory can be extremely harmful to operational success. But, to complicate matters, there’s more than one inventory management strategy to choose from.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Enterra Insights

AUGUST 11, 2022

The short-term effects of supply chain disruption have severely impacted all manner of businesses worldwide.”[2] As a result, Elfman reports one of the changes many supply chain managers are implementing is a just-in-case (JIC) approach. 2) Develop an evacuation and security plan for employees.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Supply Chain Planning 130

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. OTR freight represents a long-standing aspect of supply chain operations and transportation management. to avoid significant supply chain disruption. Supply & Demand Chain Executive , in 2020, the ?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Taulia

FEBRUARY 27, 2024

A company’s supply chain consists of the entire chain of activities involved in creating a product, from sourcing raw materials to delivering finished goods. Supply chain management (SCM) is integral to many of a company’s core operational functions, such as inventory and cash flow management.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Forecasting Software Procurement Solutions 52

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. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions.

Capacity 97

Capacity Supply Chain Network Software Analytics Software Demand Planning Software 97

BlueYonder

OCTOBER 4, 2022

Supply Chain Disruption. In a series of blog articles, the Product/Solution Marketing team explores innovative solutions to guard against supply chain disruptions. Unfortunately, what we’re seeing in China may be only the beginning of a new era of supply chain disruption driven by climate change.

Optimal Sourcing 84

Optimal Sourcing Supply Chain Planning Software Sourcing Modeling 84

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

QAD

MAY 24, 2023

Supply chain leaders need effective tools to share real-time information across networks of suppliers, customers, carriers, distributors, and government agencies. Develop Strong Internal Communication Between Supply Chain and Inventory Teams Risk mitigation is no small feat.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

Supply Chain Matters

OCTOBER 6, 2023

In the specific case of Clorox, the producer disclosed that application systems had to be taken down resulting in the manual procession of inventory restocking orders from retail companies. That directive now requires listed companies to report both a material cyberattack incident and potential impacts to business and financial performance.

Manufacturing Procurement 59

Manufacturing Procurement Supply Chain Network Software Consumer Goods Supply Chain Software 59

SCMDOJO

SEPTEMBER 8, 2023

This is a fundamental principle of supply chain management, it constitutes a juggling act that is at the heart of any well-orchestrated manufacturing process. Understanding these metrics is critical for ensuring that production runs smoothly, inventories are optimized, and customer demands are met.

Procurement Analytics 84

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 84

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Advanced analytics enables demand sensing which generates short-term and mid-term forecasts based on the current realities of the supply chain, reducing errors in forecasting and subsequent upstream challenges.

Prescriptive Analytics Software 52

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

SCMDOJO

SEPTEMBER 26, 2023

Supply chain management professionals know the essentiality of Enterprise Resource Planning (ERP): these software systems automate everything from procurement, inventory, and financials, as well as assist with customer relations and human relations.

Supply Chain Planning Software 74

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 74

Supply Chain Matters

JULY 28, 2023

Beyond extensive residential damage and destruction, from an industry supply chain disruption lens, the headline that garnered business and industry media coverage was that this storm provided extensive damage to a 1.4 million square foot Pfizer life-saving drug production facility located in Rocky Mount, North Carolina.

North Carolina 52

North Carolina Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 52

Supply Chain Matters

NOVEMBER 28, 2022

Specifically for retail and consumer goods focused supply chain management teams, a short-term tactical concern is the ongoing management of excess product inventories, which in many cases, need to be trimmed before the end of the year. Much will depend on what occurs over the next couple of weeks.

Sourcing Strategies 59

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 59

Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt.

Supply Chain 103

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 103

The Logistics & Supply Chain Management Society

JULY 16, 2023

These changes have increased the speed and accuracy of information flow, enabled real-time visibility, and improved collaboration among supply chain partners. Furthermore, talent shortages pose a challenge to supply chain management.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

BlueYonder

OCTOBER 1, 2022

Breaking Down Silos Between Procurement, Planning and Logistics – Siloed supply chains can result in latency, lack of responsiveness, expediting, excess inventory, and dramatic inefficiencies, which are exacerbated today by rising customer expectations and increased volatility.

Automotive 52

Automotive Cost Reduction Strategies Inventory Reduction Material Savings 52

Synovos

FEBRUARY 21, 2023

Future Proofing: Digitalization as a Solution The same report notes that many British manufacturers are trying to mitigate supply chain risk by reducing the geographical spread of their procurement networks, with 42% of those surveyed having increased the proportion of UK-based suppliers. Digitalization is not just reactive.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Software Inventory Management Software Agile and Lean Supply Chain 52

Exiger Perspectives

APRIL 3, 2023

A proven supply chain risk management framework, like Exiger’s TPRM and SCRM framework , enables compliance teams, corporations and governments to identify, assess and respond to third-party service providers, supplier risks and other involved procurement risks throughout their supply chain lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 52

Unleashed

AUGUST 16, 2023

If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. This way, the customer can secure a product on the proviso of the order being processed once it’s physically restocked. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

6 River Systems

JULY 9, 2019

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer. For instance, 87% of companies believe they could reduce inventory by 22% if they had a better understanding of risks in their supply chains.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 40

Freightos

NOVEMBER 11, 2021

For a company like Amazon, 2021 underscores the importance of owning middle-mile capabilities to ensure resilient inventories. Twill’s experimentation with getting rebates for agreeing to roll containers or the potential for small businesses to secure faster booking, are proofs of this potential.

Price Reduction 177

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

Supply Chain Matters

JANUARY 6, 2023

Our research advisory report for 2023 begins with a review of the themes of our prior three years of predictions and the derived learning for the supply chain management community. Overall inventory levels among retailers and online channels remains at high levels and continuing to fill warehouses.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Resilinc

MARCH 22, 2023

For example, a lack of sprinklers in your tier-3 supplier is a weakness that could lead to a factory fire and further supply chain disruptions. Not only does it affect supply, procurement, and purchasing, but it also impacts sales, marketing, and human resources.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Planning Software Purchasing Skills Network Design Software 62

Supply Chain Matters

MAY 9, 2023

We, as well as others, have characterized 2020 as being a year where the ingenuity, dedication and resourcefulness of supply chain teams made an impact when it counted most. As of April, there have been eight consecutive months of global supply network contractionary conditions as depicted by the J.P.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Planning 52

Supply Chain Matters

JULY 11, 2023

Included in the results were noted inventory charges and losses on firm purchase commitments of $920 million as of December 31, 2022 compared to $95 million as of December 31, 2021. As we and other business and industry media have noted, there was turnover at the supply chain leadership level in 2022 including the director of procurement.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Procurement Analytics Inventory Reduction 52

BlueYonder

MAY 22, 2020

As far as space is concerned, only 3PLs with large networks can afford to redeploy inventory to other locations that is then compounded with potentially higher transport costs. Future supply chain disruptions are inevitable. The long-term impacts of the pandemic will require continuing measures.

Cost Reduction Strategies 91

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 91

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Supply Chain Matters

JANUARY 10, 2023

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . In this Part Two posting, we provide highlights to Prediction Three outlined in our advisory.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

Precoro

FEBRUARY 12, 2024

Objectives of liquidity management are to ensure that the business has cash on hand to fulfill its financial obligations and weather the storm during both anticipated and unexpected events, like supply chain disruption or abrupt drop in sales, without enduring significant losses. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

AFFLINK

SEPTEMBER 19, 2018

Items may also be stolen at an alarming frequency, and if you maintain your own warehouses, you may find yourself experiencing increased security risk. Running Out of Inventory. Running out of inventory is always a nightmare for any business, as it often means a loss in sales. Miscommunication Between Vendors and Partners.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 48

DynaSys

DECEMBER 8, 2021

The goal with production restart was not to produce too much of the wrong inventory. This supply chain team was playing a key interface role between Essilor Customers, base plants and partners. You’ve moved from a tactical level to a more operational level throughout all of these supply chain disruptions.

S&OP 52

S&OP Supply and Demand Supply Chain Planning Software Material Savings 52