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

Cerasis

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.". As I’ve mentioned in previous articles supplier relations are an essential component of a sustainable and functional supply chain. Procurement

Procurement 217

Procurement Indiana Third Party Logistics 3PL 217

Cerasis

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Once implemented, Lean has to be sustained.

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Lean Sustainability Manufacturing How To 182

Jaggaer

DECEMBER 2, 2019

After pulling a few strings, we managed to catch Santa on one of his few coffee breaks at this busy time of year to fire five burning questions at the reigning world champion in procurement. To get a grip on all the orders, I use JAGGAER, a globally recognized for procurement optimization. I especially use the solutions for complex logistics: Vendor Managed Inventory, call-off, Kanban, and more. We take extra special care that the cuddly toys are produced sustainably.

Procurement 56

Procurement Policies Sustainability Course 56

Supply Chain Game Changer

NOVEMBER 21, 2018

A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. If the benefits are so clear why is it so difficult to get SIOP going and then to sustain it? And once it is started the forces that make it difficult to start can continue to make it challenging to sustain it. Subscribe Here!

Sustainability 64

Sustainability Forecasting Capacity Company 64

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? we offer the definition of Procurement from PurchasingInsight.com which considers that “Procurement is the overarching function that describes the activities and processes to acquire goods and services” That is a very broad, and all-encompassing definition and scope of responsibility. Procurement Responsibilities.

Procurement 46

Procurement Sourcing Benchmarking Strategy 46

Supply Chain Game Changer

JANUARY 8, 2020

Around the world, people are demanding more from their governments, business communities, and their fellow consumers to help create a more sustainable future. We’re a recruitment company deeply specialized in the world of Supply Chain Management – which includes Procurement, Logistics, Distribution, Planning and other functions that involve bringing products from raw materials to market. In short, current trends aren’t sustainable with projected population growth.

Costa Rica 43

Costa Rica Sustainability Norway Food 43

Slimstock

MARCH 26, 2019

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 can be responsible for up to 70 percent of a company’s revenue , so small changes in procurement functions can have a major impact on profitability.

Procurement 57

Procurement Training Inventory Study 57

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

Supply Chain Game Changer

JULY 2, 2019

This interview is with Kristie Syndikus, VP of Procurement at Maple Leaf Foods. It was very easy to see early on that Kristie had a great aptitude for Procurement and Sourcing. Kristie Syndikus, VP Procurement at Maple Leaf Foods. At one point I was given a challenge to achieve Industry leading breakthrough results in Inventory performance , in a short period of time. Sustainability is the single largest challenge the facing today’s global markets.

Procurement 52

Procurement Food Sourcing Sustainability 52

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

Supply Chain Game Changer

NOVEMBER 10, 2018

As we have discussed in other blog posts we have tackled Inventory Turnover several times, amongst many other challenges. Your challenge may be trying to improve Inventory performance or trying to create a transformational improvement in some other area. Otherwise you will be begging for support which will be very difficult to get and sustain. By having a process based focus you will end up making sustainable changes. Subscribe Here! Email Address.

Inventory 50

Inventory Government Metrics Sustainability 50

ThroughPut

NOVEMBER 26, 2019

Reassess Your Supply Chain to Increase Efficiency and Sustainability. Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Assess Supply Chains in Real-Time Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

United Arab Emirates 40

United Arab Emirates Saudi Arabia Yemen Bahrain 40

ThroughPut

DECEMBER 3, 2019

Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort. Sourcing and procurement departments exist to mitigate this issue, but input bottlenecks remain common.

Sustainability 40

Sustainability Chemicals Food Data 40

ThroughPut

NOVEMBER 14, 2019

Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort. Sourcing and procurement departments exist to mitigate this issue, but input bottlenecks remain common.

Sustainability 40

Sustainability Chemicals Food Data 40

Requis

MARCH 10, 2020

Up until now, sustainability practices were considered a ‘nice to have’ for a business— something that looks good in the About section of the company website, but nothing more. As a result, there has been a tectonic shift in the thinking of business leaders and increased interest in sustainability and circular economy initiatives. Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets.

Procurement 40

Procurement Comparison Global Warehousing 40

ivalua

MAY 6, 2020

How an agile Supply Chain drives a sustainable competitive advantage. As companies reassess their supply chains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. And while Zara is also an outlier in many other domains, it is really its agile Supply Chain that enabled it to become one of the most profitable fashion brands in the world and sustain rapid growth year after year.

Sustainability 26

Sustainability Asia Europe Procurement 26

Logistics Bureau

DECEMBER 9, 2019

Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. Firstly, many companies are reaching more advanced levels of maturity in sustainability and greening the supply chain. Meanwhile, more third-party agencies and organisations, including governments, are pushing the sustainability agenda. It’s time to start looking ahead again.

Trends 84

Trends Shipping Supply Chain Reverse Logistics 84

Supply Chain Movement

APRIL 21, 2015

Bringing together leaders from multiple industries, the programme provides best practice guidance on how to implement effective supply chain strategies and improve supply chain planning and optimisation in order to achieve a world-class logistics network and attain procurement excellence. How to get the right balance between customer service and cost-effective product inventory levels. How to build truly sustainable supply chains whilst keeping costs under control.

Case Study 69

Case Study Europe Logistics Supply Chain Strategy 69

Supply Chain Game Changer

JUNE 16, 2020

On the other hand if customer demand fails to materialize according to forecast you can be stuck with a lot of custom inventory, unrecovered expenses and a huge cash flow problem. Their Sales teams will want to pad forecasts and hedge demand but their Procurement teams will want to give you forecasts that they are more confident in. As a combination of Accounts Receivable, Expenditures, Accounts Payable and Inventory you can see Supply Chain’s impact. Sustainability.

Risk Management 46

Risk Management Supply Chain Risk Management Forecasting Reverse Logistics 46

MAVES

MAY 13, 2020

High transportation costs, procurement costs, inventory and storage costs, waste in the supply chain, inadequate inventory management, and poor forecast accuracy are all areas to examine in detail if you want your supply chain to support rather than hinder overall business success. Blog #bigdata #sustainability #tech #WednesdayMotivation 3PLs business cloud data ecommerce industry innovation IOT logistics management software supplychain transportation visibility warehouse

Supply Chain 40

Supply Chain Inventory Procurement Forecasting 40

Material Handling & Logistics

SEPTEMBER 18, 2017

Top companies now collect from customers over two weeks faster, pay suppliers nearly three weeks slower, and maintain less than half the inventory of typical companies in their industry, according to new working capital research from The Hackett Group Inc. There is also a direct relationship between sustained working capital optimization and improved earnings and profitability, according to another study by The Hackett Group.

North America 55

North America Research Groups Sustainability 55

EcoVadis

JANUARY 8, 2015

Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. According to the 2013 Sustainable Procurement barometer developed by HEC/Ecovadis, risk management remains a critical driver with 80% of companies implementing a “Code of Conduct” and 58% focusing only on high risk suppliers. The question is, how do you monitor the sustainability performance of your suppliers and engage them into improvements?

Supply Chain Risk Management 40

Supply Chain Risk Management Risk Management Sustainability Metrics 40

Unleashed

AUGUST 11, 2020

Effective inventory management is crucial to reducing costs in any manufacturing business. Good food manufacturing software provides a means to track inventory in real-time, through every step of the supply chain. Why your food inventory management system is going stale.

Case Study 69

Case Study Food Study Manufacturing 69

Unleashed

FEBRUARY 24, 2019

If optimal inventory control is imperative to maintaining a successful, sustainable and profitable business, then it’s obvious that capable inventory managers play a crucial role in achieving this. Inventory managers are responsible for leading a team of workers as they manage the flow of inventory stock in, through and out of the business. Great inventory managers. It is important for inventory managers to understand what products they are managing.

Inventory Management 56

Inventory Management Inventory Groups Packaging 56

Supply Chain Game Changer

MARCH 24, 2020

Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. Mission Critical and Strategic Inventory Positioning. Inventory can often be one of the biggest assets in many companies, spanning multiple channels and tiers, and being the biggest determinant of cash flow and return on investment. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Iran 72

Iran Reverse Logistics Italy Sourcing 72

USC Consulting Group

JANUARY 16, 2019

Marketplace pressures have forced procurement professionals to abandon traditional sourcing practices and implement more responsive strategies designed to promote organizational efficiency, agility and flexibility for growth, not to mention cost reductions. For businesses on the outside looking in, it might be difficult to understand how strategic sourcing differs from other long-established procurement practices. Unfortunately, quick wins do not translate to sustainable success.

Sourcing 44

Sourcing Groups Strategy Sustainability 44

Claritum

OCTOBER 12, 2018

Claritum Article - Procurement Blog. Defining the Perfect Procurement World. Achieving the perfect Procurement world. Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource. This change of emphasis, and the move away from the traditional transaction based order processing role of the Procurement Function, is occurring across all industries.

Resources 42

Resources Procurement Policies Case Study 42

ThroughPut

NOVEMBER 26, 2019

Reassess Your Supply Chain to Increase Efficiency and Sustainability. Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Assess Supply Chains in Real-Time Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

United Arab Emirates 8

United Arab Emirates Saudi Arabia Yemen Bahrain 8

Unleashed

JULY 30, 2019

One of a business’s most valuable assets is the inventory stock used to generate profits and revenue, however in today’s business environment quality data is now becoming as equally valuable. Quality data is the foundation of operations, inventory control and in driving vital financial decisions. Maintaining accurate, complete and consistent data is crucial to business success and sustainability. Improving the quality of your data will no doubt help better inventory control.

Quality 40

Quality Data Inventory Sourcing 40

Supply Chain Game Changer

OCTOBER 8, 2019

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here!

Metrics 55

Metrics Reverse Logistics Inventory Distribution 55

Supply Chain Movement

JULY 23, 2013

Although other requirements such as sustainability, social issues or risk-mitigation capabilities are increasingly discussed in the media, cost pressure seems to remain the ultimate criterion for customers. Sustainability pressure: This trend has emerged as a very serious topic. However, there remains a great deal of uncertainty in the deployment of these strategies, especially relative to measurement systems, evaluation and setting goals and strategies for logistics sustainability.

SCM 120

SCM Trends Strategy Logistics 120

Supply Chain Opz

MARCH 6, 2015

In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch. The biggest implication of this new imposition on procurement process is that now procurement managers have to deliver suppliers that are cost conscious and timely in their operations but at the same time can adapt to the changing demands of end customers. All of these aspects impact procurement processes.

Trends 219

Trends Alabama Procurement Supply Chain 219

NC State SCRC

JULY 23, 2017

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. Here are some of the areas where procurement has the opportunity to make an impact. Supply chain development, logistics excellence and standard processes will ensure that we utilize supply chain assets such as inventory more effectively.

SCM 57

SCM Metrics Supply Chain Inventory 57

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service. However, the results were not sustained and the impact cannot be seen on the balance sheets. As a result, most of the results were not sustainable over time.

Thailand 229

Thailand Conference Metrics SCM 229