Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 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. It involves receiving, tracking, and efficiently storing these products.

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. It involves receiving, tracking, and efficiently storing these products.

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. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ivalua

SEPTEMBER 14, 2022

Yet despite the availability of new platforms and analytics tools, supply chain risk management strategies remain in their infancy post-pandemic. Almost seven-in-ten (68%) of organizations view suppliers as a source of differentiation, while 66% now collaborate with suppliers to increase supply chain resilience. About the research.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

GlobalTranz

SEPTEMBER 23, 2021

Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. transportation metrics ?that today’s freight market, OTR freight services?enable?continued

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

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

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Now the use of AI/ML is expanding beyond finding insights in data and providing predictions for the future.

Supply Chain Planning Software 193

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

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Maintain a vendor scorecard with profiles and performance statistics.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand. We’re making the future.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Silvon Software

APRIL 11, 2024

Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming. Nonetheless, when harnessed through analytics, data transforms into a powerhouse of valuable insights. Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion.

Predictive Analytics 76

Predictive Analytics Analytics Software Analytics Sourcing Strategies 76

Enterra Insights

JULY 28, 2020

They write, “Accomplishing [faster transactions] requires organizations to create cognitive supply chains that augment human capabilities with advanced technology and analytics.” Nevertheless, Sprint Logistics analysts assert, “A cognitive supply chain is made up of four steps: predict, plan, control and share.”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. MUFG Union Bank Strategic Performance Metrics. Metrics should be focus on managing a bank’s Procurement and Payment Program, not on managing individual vendors.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

NC State SCRC

FEBRUARY 12, 2017

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. The company established a supply chain IT organization that reports up to the CIO.

Analytics Software 40

Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Design Software 40

Supply Chain Game Changer

MAY 12, 2021

Featuring Our 12 Best Procurement Articles! Emerging procurement theory suggests that creating win-win situations within buyer and supplier agreements are the best ways to create long-lasting, engaging, creative, collaborative, and innovative partnerships. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Negotiating Skills 69

Negotiating Skills Negotiate Pricing Buyer Training Expense Reduction 69

Talking Logistics

JANUARY 8, 2018

Supplier viability is a major concern of supply chain leaders and procurement professionals today when committing their direct materials to specific trading partners,” said David Cahn, Director of Product Marketing at Elemica , in a recent episode of Talking Logistics. Do we have the right Service Level Agreement metrics in place?

Supply Chain 103

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 103

IQMS

JULY 11, 2019

McKinsey also found that AI-enhanced predictive maintenance of industrial equipment will generate a 10% reduction in annual maintenance costs, up to a 20% downtime reduction and 25% reduction in inspection costs. Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector?

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

ShipBob

APRIL 26, 2023

It involves all the activities related to the sourcing and transportation of raw materials needed in the manufacturing process. Make sure you have an accurate idea of lead times in relation to your production and procurement processes.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

GlobalTranz

FEBRUARY 6, 2017

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement. Change is imminent, “ready or not.”.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 71

IQMS

OCTOBER 18, 2019

The algorithms iteratively query data with many using constraint-based modeling to find the core set of factors with the greatest predictive accuracy. One of the most challenging aspects of managing a supply chain is predicting the future demands for production. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. 2) Advanced Analytics. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

DynaSys

FEBRUARY 3, 2021

Understand their sources of income. Pinpoint the biggest profit-makers in your planning system and then commit to only offering the most predictable and reliable products until the disruption has passed. Start leveraging your planning capabilities with state-of-the-industry advanced analytics and data visualization.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

HICX Solutions

FEBRUARY 15, 2024

Therefore, awareness of changes in global regulatory legislation and a focus on sustainable procurement have never been so important for organizations of all sizes. From cloud-based platforms to advanced supplier data analytics , digital solutions are addressing the challenges of supply chain management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Silvon Software

APRIL 1, 2024

Addressing More Complex Issues with Operational Reporting As technology progresses in business intelligence (BI), it’s time to reconsider the traditional divide between operational reporting and strategic analytics. Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm.

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

Supply Chain Shaman

APRIL 17, 2013

Source Merriam-Webster Dictionary. The market shift is towards analytics, but this new market is confusing. Demand-driven concepts are expansive they extend from the customer’s customer to the supplier’s supplier, but the areas of sales and procurement are often very resistant to the demand-driven concepts. It is still early.

Supply Chain Design Software 257

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 257

Supply Chain Shaman

OCTOBER 6, 2013

It senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time latency to align sell, deliver, make and sourcing functions. When this happens, there is greater balance between metric trade-offs and resiliency in year-over-year improvements in corporate performance.

Supply Chain Network Software 219

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 219

Supply Chain Shaman

FEBRUARY 25, 2016

Analytical innovation and digital transformation drove step-change capabilities within the office and marketing. The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. As a result, many companies are struggling. Leadership teams are uncomfortable.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

CH Robinson Transportfolio

JULY 28, 2020

While no one could have predicted the level of change 2020 has already brought, it is also creating new opportunities for the first time. Every decision becomes more impactful based on these metrics. Key to this opportunity is ensuring the technology is backed by a suite of analytics, services and supply chain experts you can rely on.

Resource Reduction 55

Resource Reduction Vendor Strategies Cost Reduction Strategies Inventory Reduction 55

ShipBob

OCTOBER 1, 2021

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

Agile and Lean Supply Chain 52

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

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. It is needed to provide more accurate awareness and visibility over operations, and by using data and analytics effectively an organization can become more responsive. Steps to building a data and analytics capability.

Analytics Software 111

Analytics Software Manufacturing Procurement Inventory Management Software Predictive Analytics Software 111

ToolsGroup

MARCH 9, 2021

So your firm recently released a report of 2021 predictions and there’s a lot of great information in there. And because of that, when we- and we do predictions, we’ve done this since our inception in 2008 and we’ve had a traditional format for how we do our predictions. Bob Ferrari: Thank you, Mary.

Predictive Analytics Software 156

Predictive Analytics Software Supply Chain Planning Software Predictive Analytics Supply Chain Design Software 156

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

Unleashed

AUGUST 16, 2023

In other instances, backorders could take longer if there are delays in production, sourcing materials, or unforeseen logistical challenges. Restocking and production: The company works on restocking the product through manufacturing, sourcing, or acquiring the necessary inventory.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52