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

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. The focus is on channel data: price; inventory positions; and policies. Order Policy.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

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. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

QAD

FEBRUARY 7, 2023

These can be unique to your business or industry, but factors like quantity, quality, location, and price are commonly used. Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Logistics Viewpoints

DECEMBER 15, 2022

Price Index Elasticity for Pricing and Promotion Planning: As we are going through global price inflation and facing a recession, consumers and businesses are becoming more conscious of their spending and looking to minimize costs when shopping for goods and services. This is where advanced analytics and AI/ML techniques help.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

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

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). Functional Metrics.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

Unleashed

JANUARY 29, 2024

It involves the identification and elimination of low-performing or unprofitable products and the prioritisation of those that generate the most value for your customers and the greatest revenue for the business. Reduced storage and supplier costs. SKU rationalisation is the process of analysing and your product portfolio.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

QAD

MARCH 9, 2023

When manufacturers planned for 2022, they did not foresee that energy prices would skyrocket by 40% in Europe and 23% in the US and that inflation would run at 8-10%, depending on the region.” For many, the answer is simple: raise prices and pass on some of those cost increases. That means looking at the right metrics.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

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. Price isn’t everything. The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Unleashed

MARCH 28, 2021

Part of an overall supply chain management strategy, SRM focusses on optimising efficiencies and creating value for all stakeholders. This knowledge helps to eliminate supply chain delays and if issues do arise, ensures troubleshooting is a relatively painless process because valuable relationships have been established. Reduces costs.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Logistics Viewpoints

OCTOBER 12, 2023

Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.” The same “If” statement was repeated for a host of financial and operational metrics.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Precoro

JULY 16, 2023

This individual also ensures that established purchasing practices align with the general company financial strategy and business objectives. These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Logility

AUGUST 15, 2023

Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices. The average volume, rising expenditures, and varying price arrangements for each item across multiple suppliers further complicate the procurement landscape.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Unleashed

JANUARY 14, 2024

We’ll look at modern manufacturing inventory methods, useful strategies, and manufacturing inventory management best practices. Inventory management in manufacturing can be influenced by the type of marketing strategy used. Effectively managing work-in-progress inventory helps reduce waste, optimise production, and improve cash flow.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Intelligent Audit

OCTOBER 12, 2022

It’s a common goal for people and industries worldwide to work together to reduce our collective carbon footprint and counteract climate change. When they track carbon emissions for each shipment, they can make better decisions on carriers and the best ways to optimize the logistics network to reduce emissions.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping. Local Charges – Agreement and Tenure.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” These capabilities do not exist at Ford. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Locus

JULY 24, 2023

the cut-throat era of next-day deliveries, FTL offers the fastest transit times:a seamless journey from A to B with no detours or delays. It allows for fewer handling instances, reducing the risk of damages. Typically supply chain managers at shipping companies would resort to cost cutting strategies and use of legacy solutions.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Optimization Software Modeling 52

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The focus on functional silo excellence and transactional processing reduces value.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 250

Supply Chain Shaman

JULY 25, 2021

Many of the growth initiatives–trade promotions and price in consumer industries–shifted demand without lifting baseline demand. The Focus Inside-out Supported by Functional Metrics. Functional Intitiatives Without Clarity on Supply Chain Strategy. The impact? Supply chain leaders love fads. Maturity Model.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available. What is order processing?

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Logistics Viewpoints

NOVEMBER 21, 2022

Because of the food giant’s size, their sustainability strategy also is very broad. The focus of my interview with Mr. Andrew was the company’s efforts to reduce greenhouse gas (GHG) emissions across their end-to-end value chain. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021.

Supply Chain Design Software 188

Supply Chain Design Software Purchasing Skills North America Resource Reduction 188

Supply Chain Matters

FEBRUARY 17, 2023

The same source, Birinyi Associates, indicated that U.S. According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. firms announced a record $1.26

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

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. Networks and Benchmarking.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

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

ThroughPut

DECEMBER 8, 2023

What should be the ideal shipment strategy? By using prescriptive analytics, companies can optimize their supply chain operations, reduce costs, and make better decisions, ultimately enhancing their overall supply chain performance. What type of offer would be best for a customer? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Matters

OCTOBER 12, 2022

This is a significant milestone for ongoing planning and execution strategies. On the other hand, transportation metrics continue their slowed pace, reaching the second highest level of capacity growth, and the third fastest rate of price contraction in the history of the index. GSPI Index Continue to Moderate. for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

ThroughPut

JULY 24, 2022

In 2020, the strongest players started rethinking their planning strategies. While acknowledging the need to reassess planning approaches is indeed a positive sign, however, the unfortunate truth is that existing planning capabilities will not cut it if retail businesses want to remain relevant over the next decade.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Forecasting Software Optimization Software 96

Supply Chain Shaman

OCTOBER 25, 2021

Manage Make, Source, and Deliver Together. Change internal metrics to a balanced scorecard and force the functions to work better together. There are many barriers: authoritative identifiers, multi-tier processes, and data translation across source, make, and deliver for multi-tiers of trading partners. over year-ago prices.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

GlobalTranz

SEPTEMBER 23, 2021

on-highway diesel fuel prices are up $0.898 from the end of August 2020. Many faced repeated price increases of more than 10-15 percent over just a few years ago. transportation metrics ?that Reducing Reliance on Outdated Systems and Technology. Increasing fuel costs also play into the available capacity woes.? ?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52