SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Shaman

JULY 30, 2022

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.).

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Unleashed

MARCH 16, 2021

Having grown sufficiently, you may find your SME business now has the need for a dedicated purchasing manager – and perhaps even a purchasing department. So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. Goals of purchasing.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Jaggaer

MARCH 18, 2020

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.

Procurement Analytics 81

Procurement Analytics Agile and Lean Supply Chain Procurement Solutions Procurement 81

TransAudit

DECEMBER 13, 2023

Metrics and Performance Management Legacy supply chain metrics rarely capture the effectiveness of circular supply chains. For example, inventory turnover rates incentivize volume-based models rather than product durability. Recommendations: Collaborate with sustainability and finance to align on relevant circular metrics.

Supply Chain Design Software 88

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

Logistics Viewpoints

FEBRUARY 3, 2022

Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend as a risk. But you don’t just have to wait to see what has happened; planners can proactively create scenarios to simulate decisions and weigh trade-offs on the metrics that matter across the network, not just one link at a time.

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The Group’s sustainability policy is based on three pillars: Acting for People, Acting for Planet and Acting for Responsible Trade. In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. Acting for People.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Most manufacturers depend on just-in-time (JIT) manufacturing policies. On Time In Full Dashboard.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

Supply Chain Matters

FEBRUARY 22, 2024

Supply Chain Matters provides highlights and added perspectives to retailer Walmart’s report of Q4 and Fiscal 2024 financial and operational performance. Specifically, high inflation and economically stressed consumers have been more selective in their purchase decisions. The reported profitability for the holiday quarter of $10.6

Inventory Reduction 52

Inventory Reduction Procurement Analytics Negotiate Pricing Purchasing Skills 52

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In times of uncertainty, cash is king.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A good returns policy is crucial for ensuring a smooth customer experience. Should a returns policy be tight or lenient?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

American Global Logistics

JULY 14, 2023

The cost of U.S. However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. The findings of this report are valuable for North Carolina and serve as a model for other states, regions, and the country. Today, they face new challenges and opportunities.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Freight bill accuracy : Whether shipping from factory to warehouse, or to the customer, this metric helps identify problems in billing operations.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

QAD

JULY 7, 2022

In April 2021, food giant Hershey Food announced its “ No Deforestation Policy ” to end deforestation across its supply chain by 2030. Consumers are increasingly expressing interest in ethical sourcing and environmental impacts related to the products they purchase. found that consumers would stop purchasing brands with ethics issues.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

Supply Chain Shaman

MAY 21, 2013

We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. The most common reporting relationship in the organization is to the hospital’s Chief Financial Officer (CFO). Generalize procurement of materials.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Logility

OCTOBER 12, 2021

A plan for achieving truly sustainable supply chain management — from the capabilities you’ll need, to the policies you should put in place, to the systems that will help you achieve it. . Develop metrics against which supply chain stakeholders can judge their performance. Contact us to learn more.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130

Arena Solutions

OCTOBER 12, 2023

Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit? Christine said, “I have used internal audits as the baseline to improve our overall business metrics.

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

Supply Chain Opz

MARCH 26, 2015

It makes decisions for policies, activities and procedures to make sure the right amount of each item is held in stock at any time.” - from Inventory Control and Management by Donald Waters According to the same author, inventory control is the function and it's also known as Inventory Management or Stock Control. What is Storage Policy?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Shaman

FEBRUARY 27, 2020

How do we harness the power of data with new forms of analytics? Today, technology providers are selling analytics. This week, I received this email from a financial institution questioning why business leaders are not harnessing more insights and redesigning processes based on analytics. S&OP Challenges. Reflection.

Analytics Software 238

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 238

o9 Solutions

JANUARY 25, 2023

This blog explores how policy developments such as the digital product passport (DPP) alongside supply chain software can play a role as enablers. In 2019, the European Commission presented the Green Deal as a plan to help the European economy transform linear supply chains into more circular models.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Modeling Software Predictive Analytics Software 52

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

SupplyPike

APRIL 10, 2020

To stay compliant with your buyer’s OTIF or ORAD policies, you will need to make sure you cite the right reasons for PO cancellations. You’ll need to work with your buyer on revising their purchasing plans to favor high demand items. If possible, request that your buyer widen delivery windows. Forecasting. Other considerations.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

EcoVadis

MAY 19, 2016

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. The same is true of Procurement solutions: the abilities – and limits – of the technology play a key role in shaping buyers’ expectations of their own abilities.

Optimal Sourcing 40

Optimal Sourcing Procurement Solutions Procurement Analytics Optimization Software 40

USC Consulting Group

AUGUST 11, 2020

According to the piece published in North Carolina State University journal BioResources, the growth in demand for pulp and paperboard thus far in 2020 has been unprecedented, with production topping 419 million metric tons and consumption reaching over 423 million metric tons worldwide. ” Out of an abundance of caution. .

Procurement Analytics 59

Procurement Analytics Rhode Island Manufacturing Procurement Material Savings 59

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. Products available on backorder are are out of stock in the supplier’s warehouse but may still be purchased by consumers in advance of future availability. How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Logistics Viewpoints

DECEMBER 1, 2022

In the study we conducted in 2022 called “ Ecommerce: Is Retailer Fulfillment and Delivery Performance Keeping Up with Sales Growth? ”, convenience was cited as the number one reason consumers bought online and had their goods delivered—and it is consumers’ intention to have more ecommerce purchases delivered to the home.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. As we adhered to shelter-in-place orders from the CDC (Centers for Disease Control), each of us were purchasing more products and services online at a faster adoption rate than ever before.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Unleashed

DECEMBER 11, 2022

That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. However, tracking 50 irrelevant warehouse metrics is far less valuable than tracking a few hyper-useful ones. How to improve order lead times: Procure reliable carriers and suppliers.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

The Logistics & Supply Chain Management Society

JULY 20, 2020

Innovation and supplier management calls for cloud-based integrated systems between partners and advanced predictive models. Predictive analytics will quicken demand response and involve product-use insights to improve accuracy against external factors affecting demand (e.g. Efficiency and cost management.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230