How to Optimize Your Procurement Sourcing Systems

EC Sourcing Group

How to Optimize Your Procurement Sourcing Systems. Finding the right tools and measures to optimize your procurement sourcing systems is a must. Read on to learn more about how to optimize your procurement sourcing systems. .

Steel Yourself for Change: Fully Optimized Master Production Schedules

DELMIA Quintiq

Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules.

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Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

Supply chain optimization has also improved in significant ways that can address these trade-offs better than before. Optimizing one link doesn’t optimize the entire supply chain – you must consider the impact of any decision on the entire network.

ToolsGroup Named a Leader in Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization

ToolsGroup

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. ToolsGroup Service Optimizer 99’s self-adaptive demand and inventory models define the optimal mix of inventory across the multi-echelon supply chain to achieve aggressive service level targets while right-sizing inventory.

Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

Logility to Acquire Network Optimization Provider Starboard Solutions

Logility

With Starboard’s Digital Twin Technology, Logility Clients Can Better Answer “What if” Scenarios and Optimize Supply Chain Networks to Overcome Disruptions and Drive Growth.

PwC and the Role of Procurement in Supply Chain Optimization

ivalua

Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Learn how Ivalua’s flexible Source-to-Pay solution can lead your supply chain organization digitally transform–faster and further.

What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.

7 Technologies to Optimize Supply Chain!

Supply Chain Game Changer

Technologies to optimize Supply Chain article and permission to publish here provided by Arra at No-BS Marketplace. To give you more insight, this article explores seven technologies to optimize Supply Chain. They are largely helpful in optimizing a business’ supply chain.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? Optimizing for one stage of the supply chain works great for that specific echelon, but doesn’t necessarily address the needs of the others.

How to Gain a Competitive Edge: A Deep Dive Into Supplier Diversity Programs

Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group

In this exclusive webinar, Rod Robinson, SVP of the Supplier Diversity Practice Lead & Center of Excellence, dives into the key benefits corporations are seeing emerge from their supplier diversity programs and how you can gain invaluable competitive advantages with a supplier diversity program of your own.

28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. Buyer / Procurement Department KPI s.

Swedish Steel Manufacturer Selects Ivalua to Further Optimize Procurement Efficiency and Mitigate Supply Chain Risk

ivalua

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution.

What to Look for in a Procurement Optimization Solution

EC Sourcing Group

Finding the right procurement optimization solutio n is imperative to keep your entire procurement management process running smoothly throughout the supply chain. Procurement Optimization Solutions : What Does Strategic Sourcing Mean? Award Optimization.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? Optimizing for one stage of the supply chain works great for that specific echelon, but doesn’t necessarily address the needs of the others.

Supply Chain 4.0: Why You Need to Digitize to Survive

Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines

In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. We’ll help you drudge through the boundless opportunities and help clarify all the buzz. During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results.

Optimizing Your Supply Chain

Enterra Insights

” With that caveat in mind, I think I can assert every organization wants to optimize its supply chain. I simply can’t imagine a CEO going to his or her board of directors and telling them their goal is to implement a sub-optimized supply chain. A key step in taking a more strategic approach to [supply chain operations] is looking at the big picture and working to optimize the supply chain from end-to-end. The benefits of supply chain optimization.

​​Meeting the Demand in Sourcing and Procurement

EC Sourcing Group

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Available Technology.

How Can Sourcing Be Improved?

EC Sourcing Group

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Sourcing Optimization: Run eAuctions Wisely.

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

From raw material procurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies.

A 5-Point Strategy for Digital Procurement Transformation

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

Dynamic Market Sourcing: Optimizing Procurement in an Unpredictable World

Supply Chain Brain

In the first weeks of the COVID-19 pandemic, business planners, expecting a harsh recession, shut down manufacturing plants and canceled retailing orders

The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

Keeping the right level of inventory requires a technique called inventory optimization. Inventory optimization. The search for optimal inventory levels is therefore a key objective. The need for inventory management and optimization.

Logistics Network Optimization: 4 Core Objectives &  7 Tips to Optimize a Carrier Network

Intelligent Audit

Technology has moved businesses forward in creating efficient processes and gaining improved insights into transportation management and freight spend , but are you using these to your fullest advantage? Therefore, optimizing a carrier network with the best carriers is a big deal.

The Green Corridor – Optimal Tech for Green Logistics – Making Emissions Visible

The Logistics & Supply Chain Management Society

That is because it is expected that industries will be constantly improving on how to make more products using less energy. Arcstone sells digital systems to optimize manufacturing. The technology incorporates AI features that optimize loading for shippers and 3PLs alike.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Demand Optimization Maturity Curve

Logility

This post discusses the Demand Optimization Maturity Curve. IRI – Syndicated Data Source. Source: Logility, Inc. The Demand Optimization Maturity Curve starts at level (1) Naïve Forecasting, the lowest level of maturity, and ends at level (5) Demand Optimization, the highest level of maturity. The information provided at each level in the Demand Optimization Maturity Curve describes the typical maturity at that level across four dimensions.

Broadening The Reach & ROI of Sourcing Optimization

Supply Chain Brain

The challenges facing global supply chains call for rapid, agile solutions, and procurement teams need to be equipped with more than just basic e-sourcing tools

Your Guide to Optimizing Category Management in Procurement (During Covid-19)

EC Sourcing Group

Category management in procurement is an integral part of the procurement strategy in which procurement managers take specific products or services and divide them into certain categories. Read on to learn more about category management and how to optimize it during Covid-19.

32 KPIs That Drive Inventory Optimization

Silvon Software

Organizations looking to use less capital while maintaining a saleable inventory employ optimization best practices to balance their investment constraints against their business objectives and stock-keeping unit (SKU) fulfillment targets.

The Digital Logistics Provider: Delivering a New Level of Service in the Age of IoT

In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics.

40 Manufacturing KPIs That Optimize Production Performance

Silvon Software

Controlling and optimizing the production process while keeping maintenance costs in check are essential elements of positive growth. Manufacturing KPIs or metrics are well-defined measurements to monitor, analyze and optimize production processes regarding quantity, quality and cost.

Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect. Inbound Supply Supply Chain Management inbound logistics inbound supply procurement

What’s New in Inventory Optimization?

ToolsGroup

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important. Interestingly, he notes that while most companies justify inventory optimization based on inventory savings, improving service to customers is actually the biggest motivation and payback in most projects.

A guide to optimizing your supply chain

EazyStock

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Optimization tools.

A guide to optimizing your supply chain

EazyStock

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Optimization tools.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years.

Continuous Warehouse Optimization and The DC Technology Gap

Logistics Viewpoints

Many companies are achieving this transformation by adopting modular, elastic DC technologies – including AI and robotics – that provide continuous warehouse optimization without replacing their current monolithic and static warehouse systems. Continuous Warehouse Optimization Opportunities.

Improving Truck Load Optimization with Better Supply Chain Planning

New Horizon Supply Chain Blog

Introduction: The Supply Chain Planning – Truck Load Optimization Disconnect. One such example is the disconnect between supply chain planning and truck load optimization. Source: Data from the Federal Reserve Board of St. Current Approaches to Truck Load Optimization.

Improving Truck Load Optimization with Better Supply Chain Planning

New Horizon Supply Chain Blog

Introduction: The Supply Chain Planning – Truck Load Optimization Disconnect. One such example is the disconnect between supply chain planning and truck load optimization. Source: Data from the Federal Reserve Board of St. Current Approaches to Truck Load Optimization.