Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ivalua

JUNE 10, 2020

That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. Understanding Supplier Risk Management.

Risk Management 147

Risk Management Optimal Sourcing Manufacturing Procurement Waste Reduction 147

Enterra Insights

JUNE 9, 2020

For years I’ve been writing about the importance of supply chain risk management and how it’s often given short shrift in business discussions. Patrick Van Hull ( @PatrickVanHull1 ), a thought leader in the Kinaxis Strategy Office, points out, “In July 2005, epidemiologist Dr. Michael T.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Planning 100

Kinaxis

OCTOBER 1, 2014

by John Westerveld Reason #5: Not having a supply chain risk management process. Yet, a surprising number of companies (while they have traditional insurance) do not have a supply chain risk management “insurance” aka a supply chain risk management process.

Supply Chain Risk Management 255

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 255

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Sourcing was both a cost as well as landed cost decision factor. Change of Leadership and Overall Business Strategy.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Exiger Perspectives

APRIL 3, 2023

Why a Supply Chain Risk Management Framework is Needed A supply chain risk management framework is critical for risk identification and effective management of the inherent and imposed risks in today’s business environment.

Supply Chain Risk Management 52

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

ModusLink Corporation

FEBRUARY 9, 2022

Inventory Management has always played a key part in any successful Supply Chain. Correctly managing inventory levels helps companies to swiftly adapt to unpredictable changes within the marketplace. Without adapting to the current demand, your winter jackets will become excess inventory overtime. Risk Management.

Inventory Management Software 78

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 78

ThroughPut

DECEMBER 1, 2023

With the unpredictable levels of demand fluctuations in today’s market, it’s crucial to effectively navigate the path to replenishment management in supply chains. What is Demand-driven Inventory Replenishment? Traditional systems maintain the water level (inventory) based on past rainfall data (historical demand).

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Modeling Vendor Strategies 52

EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

Enterra Insights

APRIL 4, 2018

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1.

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

ToolsGroup

AUGUST 3, 2022

As the CFO, Jon is responsible for financial operations and risk management. Jon has successfully helped organizations develop growth and margin improvement strategies across a wide range of product and service offerings to include software as a service, hosting, managed services, and hardware. .

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

DELMIA Quintiq

APRIL 21, 2020

Managing exceptional risks requires insights and visibility of key information – this gives you the ability to minimize the impact of these unexpected, yet huge disruptions. It is a necessary part of supply chain risk management. Contingency plans and supply chain risk management.

Modeling 302

Modeling Agile and Lean Supply Chain Supply Chain Disruption Optimal Sourcing 302

Kinaxis

AUGUST 5, 2014

You have a supply chain risk management strategy in place. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. When you get to work, you get your team working on this issue.

Inventory Reduction 267

Inventory Reduction Supply Chain Planning Software Sourcing Strategies Supply Chain Strategy 267

Logistics Viewpoints

SEPTEMBER 7, 2022

Ever since COVID hit, supply chain executives have embraced supply chain risk management. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. BD, was using a supply chain risk management solution. Supply Chain Chaos is the New Norm.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Supply Chain Shaman

JUNE 9, 2023

Companies need a planning solution to analyze the trade-offs between make, source, and deliver. Sales and Operations Planning (S&OP) is no panacea for the lack of clarity of an operating strategy or the absence of product flow design. A Focus on Safety Stock Is Too Narrow for Effective Inventory Management.

Optimal Sourcing 299

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 299

Talking Logistics

JUNE 10, 2015

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Many Companies Falling Short on Supply Chain Risk Management.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Strategy 100

Supply Chain Game Changer

JULY 28, 2020

It sounds beneficial on the surface but is it a realistic long term strategy? Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. To establish, manage and maintain a Supply Chain takes a lot of resource.

Material Savings 100

Material Savings Expense Reduction Resource Reduction Inventory Reduction 100

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

ivalua

JULY 22, 2015

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.

Optimal Sourcing 100

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 100

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

GlobalTranz

APRIL 13, 2021

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.

Supply Chain Disruption 205

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 205

The Logistics & Supply Chain Management Society

JULY 16, 2023

This article explores the concepts of resilience and agility in supply chain management, their link with change, and the strategies employed to navigate the evolving business landscape. These changes can significantly impact supply chains by affecting sourcing strategies, trade routes, and market access.

Agile and Lean Supply Chain 130

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

Logility

MAY 3, 2022

Source: Logility, 2022. The solution checks against available stock plus capacity, material availability, alternate sourcing scenarios, and other constraints as needed. Source: Logility, 2022. Effective risk management. Consider an order-taking process that enforces ATP alone.

Supply Chain Planning Software 182

Supply Chain Planning Software Optimal Sourcing Forecasting Software Demand Planning Software 182

Supply Chain Shaman

SEPTEMBER 5, 2022

While many old-fashioned supply chain leaders speak of Risk Management and the need for Control Towers. Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

ToolsGroup

JUNE 15, 2020

Don’t be afraid to talk openly about risks and be prepared to discuss ways to mitigate them and also listen to other stakeholder concerns and ideas. Step 2: Align your SCP technology plans with the business strategy & organizational readiness. SCP fits into a broader digital supply chain strategy for competitive advantage.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Supply Chain Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index).

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

ThroughPut

APRIL 15, 2024

Supply chain forecasting predicts future demand for products and services, inventory needs, and production planning based on historical data, market analysis, and current trends. It enables businesses to meet customer demand without the excess cost of overstocking or the risk of stockouts. What is Supply Chain Forecasting?

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index).

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. Manage working capital. Connect your supply chain. Set clear expectations and KPIs.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. Risk management. Supplier relationship management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Procurement Academy

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Role-based training personalizes the best procurement strategies to meet specific challenges.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

NC State SCRC

APRIL 2, 2023

Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. These types of COE’s bring together SME’s in a different way – it is less of a transaction with rules, and more about execution of strategies and business processes and tools.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52