Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

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SCMDOJO

AUGUST 21, 2023

Through his TikTok videos, Eric shares valuable insights, strategies, and best practices related to supply chain management. Through his TikTok videos, Dr. Ahmed imparts valuable knowledge and insights related to supply chain competencies, skills, and best practices.

Negotiating Skills 97

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Ware2Go

NOVEMBER 3, 2021

Learn how to calculate inventory days on hand and how it can help improve cash flow and the overall efficiency of your business. What Is Inventory Days on Hand? Inventory Days on Hand is a measurement of how many days it takes a business to sell through their average stock of inventory.

Optimal Sourcing 52

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SCMDOJO

NOVEMBER 8, 2022

Similar to viewing your favourite music videos on YouTube or follow-up on other exciting programs, a few supply chain YouTube channels are worth subscribing to towards 2023. Professor Rajat Agrawal hosts the current videos on this supply chain YouTube channel. 3) CIPS – Chartered Institute of Procurement and Supply | 16.3k

Supply Chain Design Software 120

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Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Measuring and reporting.

Procurement Analytics 59

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Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logility

MARCH 11, 2024

About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Learn more at [link].

Logility 211

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Kinaxis

MARCH 2, 2015

by Melissa Clow SupplyChainBrain attended our annual Kinexions user conference, and while there, they completed a number of video interviews with customers , analysts, and Kinaxis executives. At Teradyne, many components have a lead time stretching over two quarters, and require 26 weeks to procure. And, we’d like to share them!

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply and Demand Predictive Analytics Software Demand Planning Software 100

Talking Logistics

APRIL 22, 2019

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. No Problem.

Logistics Network Optimization Software 110

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SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. You’ll also learn about supply chain management and the various stages of the procurement process.

Supply Chain Design Software 113

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The Logistics of Logistics

MAY 26, 2023

Committed to environmental and social responsibility, ALOM manages the physical supply chain from procurement, inventory management, contract assembly, digital media and print, to omni-channel fulfillment and returns.

Supply Chain Design Software 205

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Logistics Viewpoints

MARCH 29, 2021

“Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. For a more comprehensive explanation of this project you can view the video of the panel. This closed loop procurement in turn helps ensure products are made on schedule.

Optimal Sourcing 157

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Supply Chain Shaman

SEPTEMBER 22, 2021

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). The supply chain investments of the last decade focused on improving black & white processes–order-to-cash and procure-to-pay. The solution was too black box.

Optimal Sourcing 217

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SCMDOJO

DECEMBER 18, 2023

Ensuring Timely Repairs: Having a well-managed inventory of spare parts ensures quick and timely repairs. Improving Employee Productivity: A well-managed spare parts inventory ensures that employees can swiftly access the components they need. Let’s explore the key strategies to ensure your maintenance operations run smoothly.

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

ToolsGroup

SEPTEMBER 8, 2021

Supply chain planning (SCP) is made up of a mix of interlinked technologies, starting with forecasting and moving through inventory optimization and replenishment. WATCH VIDEO: Simplifying Probabilistic Forecasting So let’s say you have this highly reliable forecast. The benefits can be pretty staggering: Optimized inventory levels.

Supply Chain Planning Software 156

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ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. We needed to help clients support good procurement practices , and not build new barriers to partnerships. Finally, the all powerful e-Invoice network emerged to magically automate all before it.

Supply Chain Software 237

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Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

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Unleashed

DECEMBER 12, 2023

It also acts as a crucial document for coordination among different teams – such as design, procurement, production, and quality control – ensuring everyone is on the same page when it comes to manufacturing. It’s a critical aspect of inventory management within a manufacturing environment. What is BOM management?

Sourcing Strategies 52

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ToolsGroup

APRIL 7, 2021

Check out the video below. This podcast was designed for video or audio enjoyment. And of course, also improve our inventory health. Listen to find out how Ratioform pivoted quickly in the face of unprecedented instability and how it maintains a focus on the future. Or listen and follow on Spotify. Transcript.

Supply Chain Software 156

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Unleashed

NOVEMBER 2, 2023

A production schedule helps significantly in reducing manufacturing costs and improving the efficiency of your manufacturing inventory management. Manage production costs – By increasing manufacturing process efficiencies, a production schedule simultaneously helps to minimise the cost of inventory and production. But that’s not all.

Manufacturing Procurement 52

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Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 311

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Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Supply Chain Design Software 105

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Talking Logistics

MARCH 18, 2019

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. Email: What’s old is new.

Procurement 140

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ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. The goal of this process is to reduce inventory, increase transaction speed and improve work flow with profit in mind.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

NC State SCRC

MARCH 15, 2016

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy.

Procurement Solutions 40

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Locus Robotics

AUGUST 29, 2023

Greenfield warehouses can be a solid way to optimize your entire warehouse operations from wall to wall — from material arrival at your docks to inventory storage; picking to replenishment; sorting to shipping; and more. Congratulations! Instead, design flexibility into your greenfield plans.

Supply Chain Software 52

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Logility

MAY 22, 2018

Unbelievably, we didn’t have computers, video games, or mobile devices back then so really the only form of in-home visual electronic entertainment was the TV, and by that I mean broadcast TV with maybe 10 channels of low-definition content if the rabbit ears were pointed in just the right directions. So “Where’s the Beef?”

Optimal Sourcing 101

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Forecasting 101

Bristlecone

OCTOBER 29, 2020

One auto parts manufacturer has unlocked a new era of ML-backed strategic decision-making – not only increasing the accuracy of their product launch forecasts but also minimizing inventory costs. Procurement solutions for contracts and commerce automation. Watch Video. Read Case Study.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Design Software Modeling 52

Supply Chain Game Changer

NOVEMBER 18, 2018

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. According to a recent report in Procurement trade publication Spend Matters , these are some of the most booming categories in the burgeoning industry. in the U.S.,

Negotiating Skills 56

Negotiating Skills Purchasing Skills Pharmaceutical Agile and Lean Supply Chain 56

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. End-to-end (E2E) supply chain refers to all supply chain processes, from logistics procurement to the post-sale customer experience. . Procurement & manufacturing.

Optimal Sourcing 52

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Talking Logistics

MAY 15, 2013

Last week at the Ariba LIVE 2013 conference, I led a discussion session titled “At the Intersection of Social and Business Networks” with about fifty senior executives in supply chain and procurement. Ariba plans to expand into supply chain, logistics, and inventory management processes, with the first solutions coming out in 2014.

Supply Chain Network Software 138

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Unleashed

DECEMBER 5, 2023

Goods are being produced, procured, and delivered more efficiently with reduced costs. Inventory management Inventory management can feel like a constant battle for eCommerce retailers. In this video, Sam Walker of Flowstore explains how AI-powered inventory management has improved their replenishment strategy.

Inventory Management Software 52

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Unleashed

AUGUST 17, 2021

These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance. It optimises inventory management, and gives real-time visibility and inventory accuracy. Who is inventory management software best for?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97