Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

ModusLink Corporation

OCTOBER 27, 2021

A report published by CER (Comparative European Research) titled ‘The growing importance of the synergy effect in a business environment’, perfectly explains the synergy concept. Synergy is a core element present in many successful manufacturing strategies. There are many different manufacturing strategies.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP). The metrics that underpin MRP could be described as the balls in this juggling act.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. Subscribe to Supply Chain Game Changer.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logistics Viewpoints

SEPTEMBER 4, 2023

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Simmons Foods Simmons Foods is a farm to fork poultry manufacturer.

Procurement Solutions 203

Procurement Solutions Procurement Analytics Manufacturing Procurement Optimal Sourcing 203

Logility

AUGUST 31, 2023

Leveraging the inventory planning and optimization solution from Logility , this well-established brand generates trend insights and supports a formal product review process, resulting in a 44% reduction in its SKU portfolio and more meaningful value for its customers.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

FEBRUARY 1, 2024

I see a preponderance of reports and white papers that have lots of pages but say little. Each concept is flawed adding to, not reducing, cost and waste. Optimization engines to improve functional metric performance resulted in an exploding number of planners. Contract Manufacturing Signal Latency. Back to John.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

OptiProERP

NOVEMBER 14, 2023

In an era where environmental concerns are taking center stage, sustainability has emerged as a critical driver of success for manufacturers, big and small. Governments, consumers, and stakeholders increasingly prioritize sustainable practices, urging manufacturers to reevaluate their operations.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

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

Logistics Viewpoints

AUGUST 5, 2021

PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. It was a rude surprise when I learned it would cost $100 to fill the tank. I was drawn to Hunter and Amory Lovins, who advocated a strategy pairing energy efficiency with renewables, long before its current popularity.

Supply Chain Planning Software 299

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 299

Supply Chain Matters

NOVEMBER 3, 2023

The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles. The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles.

Material Savings 52

Material Savings Price Reduction Inventory Reduction Cost Reduction Strategies 52

SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. In some cases, inventory levels can see an increase to save costs, increase profit, and more.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

QAD

JULY 1, 2021

What are Total Manufacturing Costs? Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. This looks at all stages of the manufacturing process from raw materials to work-in-progress to final result.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

SYSPRO Smarter ERP

OCTOBER 9, 2023

The Asia-Pacific region has one of the largest number of fabricated metals manufacturers in the world. Cost efficiency, quality management and traceability are major issues for companies in this region. Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions.

Manufacturing Procurement 111

Manufacturing Procurement Cost Reduction Strategies Purchasing Skills Quality 111

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? 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.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. But simply putting an S&OP strategy in place isn’t enough. logistics firms).

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. But when your cash is locked wages, managing inventory , lines of credit, and other costs, it can slow down productivity – even bring it to a standstill. This can lead to company losses, unhappy customers, and, eventually, insolvency.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Unleashed

AUGUST 6, 2023

Competitive pricing enables businesses to take advantage of their market by basing product prices on the competition instead of the cost to produce finished goods. It’s a handy sales strategy to keep in your business toolbox – and can be essential to success in highly competitive markets. Coffee chains.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Jaggaer

JANUARY 14, 2020

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.

Material Savings 40

Material Savings Cost Reduction Strategies Manufacturing Procurement Negotiating Skills 40

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Logility

OCTOBER 29, 2021

With the right technology, process manufacturing strategy, planning, and management can be simplified. Manufacturers have been through a trial by fire with supply chain disruptions and changes in demand during the past two years. 4 Digital Solutions That Address the Top Challenges for Process Manufacturers.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

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. Sustainability Is The Cornerstone Of Manufacturing Competitiveness.

Manufacturing Procurement 134

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Sustainability 134

Unleashed

DECEMBER 12, 2023

An intentional approach to bill of materials (BOM) management is essential for improving the efficiency of your manufacturing process. In this BOM management guide: What is a bill of materials (BOM)? These components help manufacturers to effectively plan, source, and manage the production process. What is BOM management?

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Management Software Supply Chain Design Software 52

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

SYSPRO Smarter ERP

MAY 22, 2023

A sustainable chain involves implementing sustainable practices at each stage of the supply chain, from raw material sourcing and production to transportation, distribution, and end-of-life disposal. A recent report by the IDC noted some benefits of these programs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Sustainability 98

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Logistics Viewpoints

OCTOBER 18, 2023

Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. The second pattern that jumps out is an ongoing reduction in volatility of change. The report for August (released in late September) shows negligible changes in the aggregate. Source: J.P.

Manufacturing Procurement 265

Manufacturing Procurement GEP Purchasing Skills Logistics 265

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Manufacturing Procurement 49

Manufacturing Procurement Procurement Solutions Resource Reduction Price Reduction 49