The Logistics & Supply Chain Management Society

APRIL 26, 2022

Brand loyalty is no longer the driver for consumer purchasing decisions. People simply want to purchase products from businesses which provide a more transparent and streamlined service, and who deliver on their customer promise, even if it means inflated prices to obtain it. About the Author.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

IQMS

JANUARY 21, 2021

Bottom Line : In 2021 and beyond, customers are voting with their dollars for the manufacturers who excel at sustainable manufacturing and make a positive contribution to the environment, dominating B2B supply chains and B2C purchasing decisions. Reduce energy-related costs and drive down operating expenses by using more recyclable materials.

Manufacturing Procurement 134

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Sustainability 134

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. You’ll also learn some effective strategies on how to reduce inventory levels to save costs. This helps businesses to get more out of their procurement budget and increase their profits.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Precoro

APRIL 22, 2024

This doesn't necessarily mean that SMBs have to cut all of their costs as low as possible, but they do have to be extra conscious about financial operations. In this article, we'll explore 5 effective strategies that SMBs can implement to gain control over their financial operations and improve them.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

Supply Chain Movement

SEPTEMBER 26, 2016

P2P Process Owners Strategy Workshop. Global P2P departments are still on the journey towards true touchless end-to-end purchase-to-pay function. Attend this marcus evans Process Owners P2P strategy meeting to get a clear understanding of latest trends and best practices from peer lead practical case study sessions.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

ThroughPut

OCTOBER 16, 2022

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. INVENTORY STRATEGY. Not having accurate inventory tracking and reporting to measure tangibles as well as intangibles can impact inventory optimization efforts. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

SYSPRO Smarter ERP

NOVEMBER 1, 2021

Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. We live in a time where we can purchase almost anything with a click of a button. With the rise of digital transformation manufacturers can use ERP to implement their e-commerce strategies.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

Supply Chain Matters

JUNE 21, 2022

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. This Year’s Report Themes and Key Messages.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 71

Unleashed

FEBRUARY 12, 2024

This includes: Labour costs for warehouse personnel Equipment maintenance and depreciation (e.g., forklifts, pallet jacks) Packaging materials Transportation within the facility By implementing lean strategies into your processes, you can reduce your holding costs and improve operational efficiency in one fell swoop.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ToolsGroup

SEPTEMBER 20, 2022

That’s why companies in the manufacturing sector are shifting from reactive to data-driven maintenance strategies. As competition increases, companies worldwide focus on delivering quality products through lean manufacturing strategies. Unfortunately, equipment downtime causes financial losses of an estimated $50 billion a year.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

SCMDOJO

DECEMBER 18, 2023

From making sure you have the right amount in stock to setting up programs to prevent issues to saving on costs , here are practical tips to help you make your spare parts management process smoother. Let’s explore the key strategies to ensure your maintenance operations run smoothly. Ready to enhance your spare parts management?

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

Supply Chain Opz

NOVEMBER 9, 2014

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Kinaxis

MARCH 6, 2018

Gagan was reporting to the CIO, and the board of directors recently mandated the company embark on a digital transformation journey. Planning in silos, node by node : Finished-goods distribution planning, manufacturing planning and purchase planning were all happening in silos, further adding to the company’s woes.

Agile and Lean Supply Chain 149

Agile and Lean Supply Chain Supply Chain Planning Software Analytics Software Predictive Analytics Software 149

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Alternative Fulfillment Strategies Will Be Key.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

BlueYonder

DECEMBER 22, 2020

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Supply Chain Software 93

Proxima

MARCH 16, 2020

As the world’s best procurement consultancy, we need to stand up, tell you what we know about keeping procurement functions, businesses and supply chains moving. Procurement can make an enormous difference now, and in turnaround. Procurement needs to stay on top to ensure there is no waste, and optimal returns.

Optimal Sourcing 64

Optimal Sourcing Waste Reduction Resource Reduction Modeling 64

SCMDOJO

JANUARY 30, 2023

During her tenure as a supply chain professional, Barra has been credited with implementing a new global purchasing and supply chain system, which helped GM reduce costs and improve its supply chain operations. The Top 10 CEOs Who Have Worked As Supply Chain Professionals 1.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Software Sourcing Strategies Agile and Lean Supply Chain 119

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. The new normal for manufacturers. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Furthermore, accurate forecasting helps optimize pricing strategies and promotional activities, driving additional revenue growth.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Matters

OCTOBER 7, 2022

Supply Chain Matters calls reader attention to a published report that indicates for one retailer, the sudden shift in consumer demand this year may not have been that sudden. We recommend that our readers have a view of this report.

Supply and Demand 52

Supply and Demand Inventory Reduction Demand Planning Software Price Reduction 52

GlobalTranz

JANUARY 4, 2016

Businesses cannot unlock the full potential of digital without reinventing their supply chain strategy. For digital technology to create significant improvement in business outcomes, businesses need to: Reinvent their supply chain strategy. Develop digital strategies that allow you to proactively evolve ahead of the competition.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 120

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

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. Why is this relevant? Conclusion.

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

GlobalTranz

JULY 12, 2016

This is solved through best practices, efficient and proven strategy, proper measurement of your tools and people, and the use of effective technology which doesn't add bloat, but is an enablement tool to provide a tangible Return on Investment in the way of reduced time and costs. . Revise your labor scheduling strategy.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Supply Chain Matters

AUGUST 22, 2022

Last week’s quarterly financial performance reporting among major U.S. The retailer had reported a big earnings miss as higher inventories and supply chain related costs dragged down expected profitability. This week’s report of Target’s financial performance reflected that action, but operating margins actually declined to 1.2

Inventory Management Software 52

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

Kinaxis

MARCH 6, 2018

Gagan was reporting to the CIO, and the board of directors recently mandated the company embark on a digital transformation journey. Planning in silos, node by node : Finished-goods distribution planning, manufacturing planning and purchase planning were all happening in silos, further adding to the company’s woes.

Supply Chain Planning Software 111

Supply Chain Planning Software Agile and Lean Supply Chain Analytics Software Predictive Analytics Software 111

Unleashed

JANUARY 3, 2023

Without an accurate grasp of production costs and how they relate to sales throughout different periods, you may never realise that the products you think are selling well are some of your biggest laggards. Production lead times aren’t profitable The moment that you purchase raw materials, you also lock access to all that capital.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

ThroughPut

JUNE 4, 2020

Also in 2015, the global cost of overstocking goods was $470 billion , while the cost of under-stocking was more than $600 billion. With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Inventory strategy. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

Also in 2015, the global cost of overstocking goods was $470 billion , while the cost of under-stocking was more than $600 billion. With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Inventory strategy. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 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. Subscribe Here!

Negotiating Skills 56

Negotiating Skills Purchasing Skills Pharmaceutical Agile and Lean Supply Chain 56