ToolsGroup

APRIL 7, 2025

Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market. This uncertainty makes dynamic inventory replenishment optimization essential for business success.

Inventory Reduction 156

Inventory Reduction Modeling Optimization Software Supply Chain Optimization 156

DELMIA Quintiq

DECEMBER 14, 2021

Even if the festive season looks a little different since the pandemic hit, food waste remains one of the biggest negative side effects of holiday consumption. Food waste has become a major global problem with real consequences to the planet. Pete Pearson Director of Food Waste, WWF. The Right Approach to Food Waste Reduction.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

Supply Chain Shaman

MAY 12, 2025

A waste of time. Don’t waste time grumbling about it, just accept it for what it is. Would their jobs be eliminated? Their jobs were gradually eliminated. No company should waste their time trying to make today’s planning processes more autonomous. But to enable what? Faster work as we know it?

Modeling 195

Modeling Waste Reduction Supply Chain Planning Software Supply Chain Design Software 195

RFgen

DECEMBER 19, 2024

Production Capacity Analysis While traditional testing methods can be time-consuming and offer incomplete data, focusing on key production metrics within the manufacturing process provides more actionable insights. Consider these essential metrics: Asset Utilization: How efficiently are your machines being used?

Material Savings 92

Material Savings Sourcing Strategies Resource Reduction Inventory Reduction 92

Kinaxis

DECEMBER 3, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. The result is a lower inventory level, but much higher expedited costs and reduced customer service.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

ToolsGroup

JANUARY 21, 2025

This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Here are the key insights we gathered firsthand at this year’s event.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. That means they’re doubling up on items, wasting money, and tying up resources in products they don’t need right now.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

RFgen

NOVEMBER 27, 2024

You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. Various supply chain optimization techniques, such as detailed planning, assessing current practices, and automating processes, can significantly enhance efficiency and reduce costs. Let’s dive in.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 98

RFgen

DECEMBER 19, 2024

In this comprehensive guide, we’ll explore the key elements of warehouse optimization and provide actionable strategies you can implement today. An in-depth look at the tangible benefits, from cost reduction to increased customer satisfaction. Process Improvement: Streamlining workflows to eliminate redundancies and bottlenecks.

Optimal Sourcing 97

Optimal Sourcing Optimization Software Waste Reduction Inventory Reduction 97

RFgen

NOVEMBER 20, 2024

Think about it: How much time is wasted hunting down misplaced inventory? These digital tools transform traditional warehouse processes, creating streamlined, automated workflows that reduce errors, improve warehouse productivity, and increase overall efficiency. Imagine cutting picking errors by up to 40% through digital verification.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 98

Logistics Viewpoints

JULY 7, 2022

These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. Reduce waste and lower your costs by monitoring the condition of goods in transit to reduce spoilage. There’s no time to waste. The challenge of change.

Material Savings 321

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 321

Precoro

MARCH 27, 2025

That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses. It cuts costs yet helps maintain product quality and smooth operations. Negotiate better contract terms.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Inventory Reduction 95

Inventory Reduction Negotiating Skills Cost Reduction Strategies Waste Reduction 95

Logistics Viewpoints

JUNE 19, 2024

ESG reports can help investors make informed business decisions by identifying companies with less financial risk and avoiding those that may be impacted by stricter ESG metrics. This suggests a need for a more defined ESG strategy and framework within the industry to guide effective integration and action.

Supply Chain Strategy 298

Supply Chain Strategy Waste Reduction Cost Reduction Strategies Supply Chain 298

Logistics Bureau

JANUARY 21, 2025

An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducing costs. What is Supply Chain Efficiency?

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 98

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. I write this post as a guide. Drives Value.

S&OP 390

S&OP Supply and Demand Forecasting Supply Chain Design Software 390

Supply Chain Shaman

FEBRUARY 1, 2024

Peeling Back the Lid on Supply Chain World Salad In this world, where board discussions focus on eliminating waste and meeting corporate social responsibility goals, supply chain teams respond with projects like end-to-end planning, control towers, and real-time decisions. Each concept is flawed adding to, not reducing, cost and waste.

Supply Chain Planning Software 392

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 392

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. In 8 out of 10 companies I work with, this approach creates a negative FVA introducing error and waste into the supply chain. Let me explain. So, my reply to Peter S.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Logistics Viewpoints

AUGUST 19, 2024

In practice, it implies reducing waste to a minimum. In some industries, like electronics, legislation is requiring that electronic waste be reduced. Despite legislation, in 2022, the world generated 62 million metric tons of e-waste, according to the United Nations Global E-waste Monitor.

Waste Reduction 306

Waste Reduction Material Savings Apparel Supply Chain Design 306

RFgen

DECEMBER 5, 2024

We’ll cover everything step by step, from the basics to advanced strategies. A practical implementation strategy you can use today. Barcode and RFID scanning drastically reduce errors and accelerate processes like receiving, picking, and shipping. Key technologies that power successful integrations.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

Enterra Insights

APRIL 25, 2023

Tomorrow, 26 April 2023, is international Stop Food Waste Day. According the Stop Food Waste Day website , “Stop Food Waste Day is the largest single day of action in the fight against food waste. Food waste only exacerbates the challenge — and it’s everywhere. ” Why all the fuss? UN’s FAO, U.S.

Waste Reduction 130

Waste Reduction Food Price Reduction Resource Reduction 130

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Companies need to carefully manage the asset and mitigate the waste. A heated debate ensued.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

NOVEMBER 15, 2021

Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. Cost and Waste Can Be Pushed Backwards in the Value Chain Without Consequences. The strategy department in most shipper organizations sits in finance while the network design technology expertise is usually a much lower level in operations.

Supply Chain Design Software 355

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 355

RFgen

DECEMBER 19, 2024

Manufacturing data collection is your secret weapon for boosting efficiency, cutting waste, and staying ahead of the competition. Accurate data in production tracking and process improvement ensures precise data collection from machines and operators, leading to better production performance insights and reduced inefficiencies.

Manufacturing Procurement 98

Manufacturing Procurement Optimization Software Supply Chain Planning Software Inventory Reduction 98

Supply Chain Shaman

DECEMBER 17, 2018

The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015.

Demand Planning Software 322

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 322

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logistics Viewpoints

OCTOBER 26, 2021

Supply chains must be connected and collaborative so all links can align to business strategy and oriented toward a common set of the most important metrics (and not functional metrics that drive siloed behavior). Reduce waste and aim for circular, not linear, designs.

Supply Chain Design Software 311

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software Pharmaceutical 311

Enterra Insights

AUGUST 17, 2022

However, another, less obvious factor — food waste — is exacerbating the food security challenge. All one needs to do to find someone wasting food is look in the mirror. Don’t waste food.”[1] Waste is happening at every point, from the field to the dinner table.” ” Food Waste is an Enormous Problem.

Waste Reduction 130

Waste Reduction Food Supply Chain Planning Software Resource Reduction 130

Enterra Insights

AUGUST 17, 2022

However, another, less obvious factor — food waste — is exacerbating the food security challenge. All one needs to do to find someone wasting food is look in the mirror. Don’t waste food.”[1] Waste is happening at every point, from the field to the dinner table.” ” Food Waste is an Enormous Problem.

Waste Reduction 130

Waste Reduction Food Supply Chain Planning Software Resource Reduction 130

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. Instead, the focus is on reducing the costs of finance by eliminating labor costs through Business Process Reengineering (BPOS) and elongating payables. Want to talk about waste?

Optimal Sourcing 299

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 299

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During Eight years ago, we started with a focus on Total Delivered Cost (TDC) and elevating our cost savings program performance, as well as eliminating sub-optimized cost efforts that might have helped in one specific area, but hurt our overall performance.

Case Study 305

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 305

Logistics Viewpoints

JUNE 28, 2024

The end result is a blending of biotechnology and artificial intelligence to help us overcome our feeble human lives by cutting down on human aging as much as possible. It is the company’s largest plastic packaging reduction effort in North America to date and will remove almost 15 billion plastic air pillows from use annually.

Logistics Network Optimization Software 292

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 292

Logistics Viewpoints

AUGUST 26, 2021

The adjust metric should allow users to make corrections to shipments, viewing recommended alternate modes, carriers, service levels and routes to bring shipments back on track. Supply chain orchestration can help remove waste from the global supply chain, streamlining processes while enabling agile reactions to logistics problems.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Optimization Software 269

GlobalTranz

JANUARY 4, 2017

Customer metrics. Cost or Cost Savings: Re-engineering/continuous improvement: Implement Lean initiatives to eliminate all wastes, improve processes, increase throughput, and bring much more value to the customer beyond their expectations: Lean consists of a culture/behavior change. Performance or Service. 3PL Answer 1.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

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. Food waste produces 7% of the world’s greenhouse gas emissions, mainly methane, an extremely potent gas.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 277

RFgen

MARCH 10, 2025

In this article, we’ll delve into the challenges of stock balancing, explore effective strategies, and examine how this often-overlooked practice can significantly impact your bottom line. Inventory balancing, therefore, becomes a crucial strategy for reducing costs, increasing efficiency, and ultimately, satisfying customers.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Supply Chain Optimization 52

Logistics Viewpoints

MARCH 20, 2024

Siemens has 100,000 or even millions of products, and they hope to reduce the environmental impact of these products. The aim is to transform the whole value chain to reduce the environmental footprint of a product. The key is to reduce inputs, increase circularity, and reduce waste.

Sustainability 312

Sustainability Industry Industrial Resource Reduction 312