Supply Chain Game Changer

JUNE 30, 2022

The Importance of a Strong Supply Chain and Logistics Strategy! For a supply chain to run smoothly it needs to be well managed under the right strategy for your business objectives. Below are three building blocks of a well-managed supply chain strategy to help you boost efficiency and lower costs. Demand Planning. Conclusion.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 78

ShipBob

OCTOBER 1, 2021

This question is at the heart of any lean supply chain strategy. By implementing the right process improvements, technology, and efficiency optimizations, merchants can create a lean supply chain that: Significantly cuts their logistics costs. What is a lean supply chain? Why retailers are creating lean supply chains.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

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? How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Why are we doing this?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

BlueYonder

OCTOBER 6, 2023

Building strategic relationships, enhancing collaboration with logistics providers or 3PLs, and internalizing 3PL/4PL functions to gain more control over logistics operations are all strategies that contribute to supply chain resilience. These issues are further compounded by heightened customer expectations and increased market volatility.

Waste Reduction 85

Waste Reduction Inventory Reduction Automotive Cost Reduction Strategies 85

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. As a result, procurement must decide when and whether to rely on just-in-time or just-in-case models for purchasing and managing stock.

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

SCMDOJO

APRIL 29, 2024

It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Effective warehousing strategies ensure that goods are properly stored, organized, and readily available for distribution when needed.

Supply Chain Planning Software 83

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 83

Supply Chain Game Changer

APRIL 21, 2020

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. One approach is to develop and deploy Don’t Touch Supply Chain strategies! Subscribe Here! Email Address.

Waste Reduction 91

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 91

Unleashed

APRIL 18, 2024

Just-in-time manufacturing is a strategy that directly aligns raw-material supply deliveries with production schedules to increase efficiency and decrease waste. Lean Manufacturing aims to streamline production by eliminating non-value-adding activities, enhancing efficiency, and reducing costs. Here’s how it works.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

ModusLink Corporation

APRIL 22, 2024

Introduction: In today’s interconnected world, businesses are seeking agile and cost-effective strategies to meet the demands of an ever-evolving market. End-to-end management of component procurement, inventory management, and JIT delivery. Cost-saving initiatives such as lean manufacturing and waste reduction strategies.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Unleashed

OCTOBER 4, 2023

Integration with other supply chain functions: Order fulfilment connects with other aspects of the supply chain – such as procurement, production planning, and demand forecasting – to ensure alignment and smooth operations. Order fulfilment strategies There are several order fulfilment strategies that you can implement in your business.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

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. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel!

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

NC State SCRC

NOVEMBER 29, 2023

During her 24 years at Honda of America, she helped implement many of the supply chain best practices that have now become renowned, including cost modeling, supplier development, supplier quality assurance, lean manufacturing, and many others, which evolved under the original North America leadership of Dave Nelson. another industry leader.

Supply Chain Planning Software 52

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

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. As a first step, we’re operating a “lean” Control-Tower within our supplier relationship management system.

Supply Chain Risk Management 225

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 225

SCMDOJO

DECEMBER 14, 2023

This total time can be further categorized into key components: Procurement Lead Time: This dimension, situated in the upstream supply chain, covers the duration from placing an order to receiving it. Procurement Lead Time: Efficient procurement lead time ensures timely access to raw materials, a fundamental step toward efficient production.

Inventory Reduction 76

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 76

Veridian Solutions

JANUARY 29, 2020

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. Supply chain leaders must learn to recognize the warning signs of risky fulfillment strategies, the indicators of success, and how to maintain positive growth to stay profitable. Higher freight spend.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach. Book your free consultation.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Proxima

JULY 27, 2023

Whilst others will focus on whether the size and shape of the Armed Forces are right, here, we will focus on UK defence procurement and some of the necessary shifts in commercial and procurement strategies. Resilience can be applied to defence procurement and supply chain, but this requires a unique and holistic approach.

Analysis 52

Analysis Ukraine Agile and Lean Supply Chain Optimal Sourcing 52

Supply Chain Game Changer

NOVEMBER 7, 2019

To ensure that digitalization within an organization, is systematic and calculated, it’s important to have a digital strategy as a framework and understand what kind of ecosystem you’d like to/need to create. When building a digital procurement and sourcing ecosystem, it’s important to dig into your existing procurement process.

Manufacturing Procurement 55

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 55

ToolsGroup

OCTOBER 12, 2021

As supply chains continue to grapple with volatility and disruption post-pandemic, fashion brands, who faced increased risks during the pandemic because of lockdown, are now turning to better supply chain planning for fashion strategies with the end goal of achieving improved agility and a competitive advantage.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Optimal Sourcing 156

Synovos

FEBRUARY 21, 2023

From balancing costs to reliability, sourcing the right PPE to developing maintenance strategies, data on total cost of ownership to evidence of Environmental, Social and Corporate Governance (ESG), their concerns represent both longstanding issues and newer ones. “I The solution? Reliability. The solution? The challenge?

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Inventory Reduction Price Reduction 52

Freightos

APRIL 27, 2023

Here are some interesting highlights: Justification Is Key Interestingly enough, one of the most important drivers for market intelligence is justifying procurement decisions or operational decisions to internal stakeholders, like executive teams, or to customers. While this isn’t news to me, the importance it took on was.

Freight 156

Freight Data Prescriptive Analytics Software Negotiating Skills 156

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Precoro

JULY 8, 2022

There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company. There are several undeniable benefits of hiring purchasing managers, as they immediately affect various procurement KPIs. Increased Savings.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

OptiProERP

SEPTEMBER 22, 2022

The manufacturing cost is the sum cost of all resources used in procuring raw materials and converting those raw materials into finished products. For cost reduction strategies that take longer to implement, develop a plan to carry out the required changes. All these decisions have a very high impact on cost reduction strategies.

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

Supply Chain Opz

MAY 28, 2013

2) Procurement Maturity Model. There are lots and lots of procurement professionals who cant really break away from "buy cheapest things" mindset. Handfield and Straight provided a very useful maturity model for procurement function as below, Procurement Maturity Model. 4) Lean Maturity Model. Lean Maturity Model.

Modeling 113

Modeling Modeling Software Agile and Lean Supply Chain Supply Chain Software 113

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

4WL Consulting

JUNE 12, 2015

This heightens the need for having a global procurement network which can support and respond to a company’s supply chain needs in a timely manner. However, many chief procurement officers claim that it is becoming more and more difficult to select a strategic supplier who offers consistent global quality and local service. #2

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Expense Reduction Inventory Reduction Resource Reduction 100

Taulia

MARCH 2, 2023

What is supply chain strategy? A supply chain strategy defines a business’s approach to managing the flow of goods and services throughout its supply chain. It covers the full range of supply chain processes, from procuring raw materials to delivering the finished products to customers.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

IQMS

JANUARY 21, 2021

Customers reward manufacturers who have the greatest supply chain transparency and most effective sustainability strategies with more sales. Lean manufacturing techniques are made stronger when combined with sustainability foundations, as plastics manufacturers worldwide see today.

Manufacturing Procurement 134

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Sustainability 134

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

Supply Chain Movement

SEPTEMBER 26, 2016

P2P Process Owners Strategy Workshop. 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. Get experience on Lean and Six Sigma in indirect procurement. 10th Pan-European Conference in the P2P Series.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

Supply Chain Opz

APRIL 1, 2018

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. Best Logistics Books are as below: 1.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Material Savings Inventory Reduction 100

QAD

AUGUST 12, 2021

Today, manufacturers view sustainability as a required corporate strategy for long-term business viability and success. Lean techniques have played a key role over the years to improve operational performance and save money. Improved responsiveness to new and existing regulatory requirements.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

QAD

AUGUST 17, 2023

You need to lean on the knowledge that are within the supply chain solutions for how you enable your suppliers and communicate with them and execute on the supply chain.” In this episode, Phil discusses what can happen when an organization starts thinking about procurement as a strategic function rather than a simple transaction.

Supply Chain Software 91

Supply Chain Software Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Strategy 91

The Logistics & Supply Chain Management Society

APRIL 19, 2023

COVID and related measures have shown the world the high degree of interdependence of countries for their basic food supply, risks of lean supply chains where inventories in the supply chain have been reduced or eliminated, and the fragility of this global agri-food supply chain architecture to disruptions.

Waste Reduction 130

Waste Reduction Food Resource Reduction Price Reduction 130

4WL Consulting

JULY 8, 2015

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Optimal Sourcing 100