Supply Chain Game Changer

NOVEMBER 14, 2018

Certainly we should all reduce, reuse and recycle and it applies everywhere! As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. Supply Chain Carbon Footprint Reduction.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

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. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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? It is a part of the bill of materials for the finished goods.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Precoro

MAY 19, 2023

It’s much easier to ensure stable business growth when the flow of goods, materials, and services is efficient and timely. To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

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. Networks and Sourcing. Supplier Due Diligence.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

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

QAD

AUGUST 12, 2021

If you’re reading this blog in 2021, you know about the increasing importance of sustainability and reduced environmental impact with fires in the western US, excessive flooding in Europe and a recent Canadian heat wave. The benefits go beyond brand allegiance to include: Improved operational efficiency with reduced waste and costs.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

BlueYonder

APRIL 9, 2024

The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. Nearly all strategies put forward by organizations, including Carlsberg, come with a 2030 or 2040 asterisk. Connected Automation Automation is pivotal in addressing the speed aspect of sustainability goals.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 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

OptiProERP

NOVEMBER 14, 2023

Manufacturers can showcase their commitment to manufacturing sustainability by tracking and reporting environmental metrics, such as reduced carbon emissions, efficient resource utilization, and eco-friendly materials usage. Waste prevention is a business strategy from which any company can benefit, regardless of size or type.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. There already are options such as food sharing and food saving platforms to help reduce the problem of food waste on the consumers’ end. The Right Approach to Food Waste Reduction.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

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. billion a year.

Supply Chain Planning Software 193

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

Unleashed

MARCH 23, 2021

Chances are, especially in this strange new economy, life is going to get fairly complicated as you need to adjust the supply of materials to meet changing demand , as well as account for all the other little details that come along with purchasing and utilising materials. But what do materials managers do, and why are they important?

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. Demand-driven materials requirements planning (DDMRP) is built on an order signal which by definition is inside-out.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

QAD

FEBRUARY 7, 2023

Put simply, supplier relationship management (SRM) is a systematic approach to evaluating the suppliers your business works with that provide your organization with goods, materials and services. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

TransAudit

DECEMBER 13, 2023

Today’s supply chains are still mostly linear, taking raw materials from the planet, using them, and disposing of them when they no longer have value. A circular supply chain can reduce greenhouse gas emissions. This process also increases resilience, key in today’s uncertain global economy, and provides cost reductions.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

EC Sourcing Group

SEPTEMBER 6, 2022

A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. It also contributes to reducing a company’s carbon footprint, which makes it more attractive to consumers. Is packaging and delivery eco-friendly?

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

ThroughPut

JANUARY 19, 2024

RMC is not just any building material; it’s inherently time-sensitive. To facilitate their growth and align with their commitment to environmental responsibility, they sought to optimize their logistics network while also aiming to reduce CO2 emissions. For obvious reasons!

Case Study 52

Case Study Waste Reduction Resource Reduction Material Savings 52

Precoro

JULY 16, 2023

At the heart of the whole process is the purchasing manager – a supply chain and logistics professional who works to secure the required materials, goods, and services necessary for running the business. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ThroughPut

OCTOBER 14, 2021

To build these megacities, rapid mobilization of building materials across the construction industry will create an exponential demand for high-grade cement. Stockout situations prevent a streamlined flow of building material to sites and cause costly delays. 3 strategies to avoid stockout situations by leveraging AI.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Procurement Academy

MARCH 14, 2024

Let’s delve into the key strategies and best practices for making the most of your end-of-year L&D budget, ensuring that you choose the right solution to meet your company’s goals within a limited time frame. This alignment will help to allocate any remaining resources to top-level initiatives.

Buyer Training 96

Buyer Training Material Savings Resource Reduction Price Mitigation Strategies 96

Taulia

AUGUST 29, 2023

But, by adopting the following 11 best practices for supply chain management, businesses can lay the groundwork for a successful strategy and build a supply chain that meets their needs: 1. Source suppliers strategically Supply chains are ultimately made up of suppliers. Establish clear objectives Start by setting clear objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Arena Solutions

FEBRUARY 27, 2024

Circularity can deliver significant material cost savings through value chains and manufacturing processes, and create additional, value and new business opportunities. Reducing waste in production lines is more difficult than expected when transitioning from a linear (extract-make-dispose) business model.

Material Savings 52

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 52

Unleashed

JANUARY 14, 2024

We’ll look at modern manufacturing inventory methods, useful strategies, and manufacturing inventory management best practices. Manufacturing inventory management is the process of managing the raw materials , parts, components, and finished products held by a manufacturing company.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Logility

MARCH 21, 2023

Such alignment enables finance and supply chain leaders to fully understand each other’s challenges, goals, and opportunities and create mutually beneficial strategies that move the business toward greater compliance, higher profitability, and ongoing growth.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts. Establish metrics to determine product quality and longevity.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Supply Chain Game Changer

MAY 5, 2021

Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

SYSPRO Smarter ERP

APRIL 24, 2023

This process involves multiple stages, including receiving the order, getting parts and materials, manufacturing or assembling the items, picking and packing in the warehouse, shipping, and tracking the shipment to ensure successful delivery. By streamlining the order processing, an ERP system can reduce errors and minimize delays.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Arena Solutions

MAY 2, 2023

Circularity can deliver significant material cost savings through value chains and manufacturing processes, and create additional, value and new business opportunities. Reducing waste in production lines is more difficult than expected when transitioning from a linear (extract-make-dispose) business model.

Material Savings 75

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 75

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78