Procurement Academy

AUGUST 10, 2021

Elastic Logistics should encompass all business areas from cost control to warehouse management to delivery and beyond. Benefits of Elastic Logistics and warehousing. Used strategically, Elast ic Logistics creates greater sustainability, allowing warehousing and logistics teams to delivering supplies on time, whilst reducing costs.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Supply Chain Planning Software Demand Planning Software Supply Chain Software 64

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. The company works hard to meet the demanding requirements for quality, innovation, and cost from their OEM customers. They wanted these diverse sources of information pulled together in one central, user-friendly location they call their “garage.” And we are making progress.

Supply Chain Risk Management 223

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 223

GlobalTranz

SEPTEMBER 23, 2021

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

ToolsGroup

SEPTEMBER 20, 2022

ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to outsmart supply chain uncertainty and deliver inventory performance from source to customer doorstep to maximize revenue and profitability. About ToolsGroup. About Supply & Demand Chain Executive.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 156

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Well, it starts with focusing on the areas and objectives that can meet your desired outcomes.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. One of the problems that often emerges in organizations is not only misalignment between procurement and supply chain, but also between senior executives and their managers.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

While the electrification of vehicles is gaining traction, fossil fuel-based vehicles will continue to meet this demand for the near future. In essence, a lot of logistics planning boils down to finding the quickest possible route between various points of delivery before returning back to the source. Sustainable Warehousing.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing Optimization Software 130

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

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

ivalua

SEPTEMBER 8, 2022

The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. It is critical to have full visibility across all your suppliers and knowing everything about them matters, because this may be the difference between meeting customer demand and falling short of it.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Global 130

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. Such measures can include, for example, pushing for better supplier deals or adjusting the internal workflows.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

GlobalTranz

JULY 25, 2017

Managers must understand the digital evolution in the supply chain and respond in kind, explains Forbes magazine , with integrated planning and execution systems, automated systems, smart warehousing and procurement practices and much more. Managers Automate Processes to Respond to the Digital Supply Chain.

Supply Chain Design Software 168

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 168

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The overarching rule that all actions taken are meant to meet the needs of the present society without compromising future generations’ ability to meet their own needs, is a key driver. From just being environmentally friendly, it has become a holistic framework that encompasses the environment, social and corporate governance.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

ToolsGroup

MARCH 17, 2021

Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.” In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, data integrity is vital.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Supply Chain View from the Field

MAY 13, 2014

Gerard Chick and I are working on a new book, that is effectively questioning whether procurement, as we know it, is on the right track, and if not, what it will take to get it back on track. One of the first questions we begin with in the first chapter is, if indeed, procurement is a profession.

Procurement 104

Procurement Purchasing Skills Pricing Training Buyer Training 104

Supply Chain Shaman

OCTOBER 19, 2022

Planning outside of lead time in the tactical horizon is essential to manage costs, defining buffers, and sourcing strategies. In contrast, the real value of planning is meeting business-critical targets/KPIs. So the next time that someone in a meeting asks for real-time planning stop the discussion and get clear on definitions.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

Supply Chain Matters

DECEMBER 28, 2023

They provide capabilities to coordinate supply chain procurement, planning, fulfillment, or other network wide decision-making capabilities among various supply networks and order fulfillment segments. The ultimate costs in warehousing, inventory carrying costs and other dimensions are still being assessed.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Network Software Supply Chain Design Software Supply Chain Software 59

AFFLINK

AUGUST 17, 2022

Without the equipment and materials needed to ramp up production, consumer demand will continue to outpace delivery, leaving few distribution companies with the connections or sourcing capabilities to consistently meet customer fulfillment. Labor Shortages In warehouses, 73% of operators can’t find enough workers (Instawork).

Manufacturing Procurement 62

Manufacturing Procurement Supply Chain Software Optimal Sourcing Demand Planning Software 62

SCMDOJO

JUNE 21, 2023

SCaaS will guide companies to achieve strategic value by improving Manufacturing as a Service, Fulfillment as a Service, and Warehousing as a Service. It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles.

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

SCMDOJO

NOVEMBER 8, 2022

3) CIPS – Chartered Institute of Procurement and Supply | 16.3k CIPS (Chartered Institute of Procurement and Supply) is a global organisation designed to deliver a positive impact across the supply chain industry with world-class education and training. Procurement Jobs in Future. Procurement Jobs in Future.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 120

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

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

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

SYSPRO Smarter ERP

AUGUST 2, 2023

Full bi-directional traceability from source to consumption enables comprehensive tracking of the product lifecycle, ensuring adherence to regulations like FDA 21 CFR Part 11 and Good Manufacturing Practices (GMP). This streamlined approach enables manufacturers to meet service-level agreement requirements efficiently.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

3PL Insights

FEBRUARY 14, 2023

This process starts from the moment a product is sourced from the supplier to the customer. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory. A distribution center will ensure there are enough products on hand to meet orders.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. What are the stock levels at the warehouse (before the product gets to the store)? For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

QAD

JANUARY 19, 2023

E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Supply chain management is typically broken into three large buckets of intricate processes and roles: Concept: the full cycle, from sourcing and procurement to fulfillment. What is Supply Chain Management?

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

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. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 193

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

CH Robinson Transportfolio

APRIL 18, 2019

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. Change your thinking on retail procurement. Gaps in modern retail supply chains. For more information on C.H.

Optimal Sourcing 34

Optimal Sourcing Modeling Cost Reduction Strategies Supply Chain Optimization 34

CH Robinson Transportfolio

APRIL 18, 2019

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. Change your thinking on retail procurement. Gaps in modern retail supply chains. For more information on C.H.

Optimal Sourcing 34

Optimal Sourcing Modeling Cost Reduction Strategies Supply Chain Optimization 34

Logistics Bureau

DECEMBER 4, 2023

One factor that stands out to me as a highlight of their IM strategy is their seemingly chaotic approach to warehouse layout. At that point, each SKU will be taken to any convenient storage location in the warehouse. This process ensures that Amazon’s warehouse management system records the location of every item in the facility.

Inventory Reduction 72

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