Precoro

JANUARY 16, 2023

Companies typically select supplementary software to help support this process. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. In other words, it happens within the company’s defined procurement cycle.

Procurement Solutions 98

Procurement Solutions Negotiating Skills Purchasing Skills Expense Reduction 98

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Enterra Insights

APRIL 4, 2024

Supply chain journalist Helen Atkinson suggests that savvy retailers accept the inevitable and use their returns policy to differentiate themselves from their competitors. She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days.

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100

Unleashed

SEPTEMBER 15, 2019

Purchase requisitions and purchase orders (often referred to as POs) are both part of a business’s overall procurement and purchasing processes, which establish buying policies and outline purchasing steps. The difference between purchase requisitions and purchase orders. Purchase Orders.

Purchasing Skills 40

Purchasing Skills Procurement Solutions Negotiate Pricing Negotiating Skills 40

Enterra Insights

OCTOBER 21, 2021

Often, retailers consider a product’s supply chain to be complete the moment that it is purchased or received by a consumer. Because the digital path to purchase can easily be abandoned, retailers understand that a good returns policy can be a competitive differentiator. Returns Policy. But this isn’t always the case.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

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

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

Logistics Viewpoints

DECEMBER 6, 2022

However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. Compare this to the 9% returns rate of purchases made in-store. In the U.S, 21% of online orders were returned in 2021, up from 9% in 2019.

Reverse Logistics 221

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 221

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Your competitors are shipping orders at a faster rate than your warehouses can achieve. Your inventory turns ratio is low.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

ToolsGroup

JULY 19, 2023

Supply Chain Digital Twins: Why You Need Them As supply chain disruptions seem to be here to stay (and increasing in amplitude), planners across industries are looking for ways to make more accurate planning decisions – and digital twins are a great tool for that. Big, clunky, siloed, and out-of-date data. In real-time.

Real-time Visibility 295

Real-time Visibility Supply Chain Planning Software Modeling Scenario Planning 295

Logistics Viewpoints

OCTOBER 31, 2022

ZF offers product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF transforms those purchased products into over 2,000 products. ZF has been working with a supply chain solutions provider called SupplyOn since 2001. The ZF supply chain is complex.

Agile and Lean Supply Chain 197

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 197

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

Unleashed

JANUARY 31, 2023

In-transit inventory is products that have been shipped by the seller but have yet to reach the customer. Ownership of in-transit inventory would be rather ambiguous without pre-determined shipping policies. Some eCommerce retailers may opt for different terms which ought to be included in their shipping policy.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

Unleashed

AUGUST 16, 2023

Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. A backorder is a customer order that could not be fulfilled immediately but will be shipped out once the ordered items become available. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

GlobalTranz

JANUARY 21, 2019

We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics. So, let us reflect on the peak shipping season trends we saw at the close of 2018 and how those trends will affect the industry now and throughout 2019. Of course, the best plans depend on the actions of yesterday.

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

ModusLink Corporation

NOVEMBER 23, 2022

Top View Cargo containers ship logistics transportation Container Ship Vessel Cargo Carrier. Managing cloud-based e-commerce platforms and global shipping logistics is a vital part of the process of overcoming cross-border challenges for online retailers. The Importance of E-Commerce Shipping and Logistics in EU Transportation.

Purchasing Skills 78

Purchasing Skills Shipping Logistics Network Optimization Software Supply Chain Planning Software 78

Supply Chain Shaman

NOVEMBER 29, 2021

There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. Government policies are rational. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Demand Uncertainty.

Supply Chain Planning Software 276

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 276

CH Robinson Transportfolio

JUNE 29, 2020

China has recently implemented three key policies that relate to PPE exporting. Policy 5 requires all medical supplies to meet quality standards of the importing countries, this policy also separated out the process for medical-grade and non-medical-use devices. Metered freight solutions. Importing PPE into Canada.

Shipping 56

Shipping Manufacturing Procurement Cost Reduction Strategies Canada 56

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. She reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[2] Get Consumers to Keep What They Purchase.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

Supply Chain Shaman

NOVEMBER 29, 2021

There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. Government policies are rational. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Demand Uncertainty.

Supply Chain Planning Software 264

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 264

Supply Chain Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Precoro

AUGUST 31, 2023

They can offer valuable feedback on the data, as they are more familiar with the realities of purchasing habits. Employees should be given the opportunity to explain their spending needs so that a solution can be found that suits both teams and budgets. What solutions can we propose for each department?

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

DECEMBER 30, 2021

Global shipping is national news with most stories covering the symptoms. I find no agency or entity trying to find a holistic solution to global logistics. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged. Unloading containers from a ship takes two-to-three days.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

Supply Chain Shaman

NOVEMBER 29, 2021

There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. Government policies are rational. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Demand Uncertainty.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. To Improve your Materials Management Comptencies, Download our Assessment Tool. They supervise the whole operation, from forecasting demand and planning production to procurement and logistics.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

My Office Apps

JUNE 12, 2023

Streamlining Purchasing Processes: The Power of Purchase Requisition Automation In the world of business, efficiency and accuracy are paramount, particularly when it comes to procurement processes. However, with the advent of purchase requisition automation, these challenges have been significantly mitigated.

Procurement Analytics 78

Procurement Analytics Procurement Solutions Purchasing Skills Optimal Sourcing 78

ivalua

JANUARY 13, 2021

Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. It relates to the digitization of this process through specialized tools. Benefits of an eProcurement Solution.

Procurement Solutions 235

Procurement Solutions Purchasing Skills Optimal Sourcing Negotiating Skills 235

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Recognizing the critical importance of proper inventory management during these times, most interviewees emphasized the need to constantly review and adjust inventory policies and supplier reliability for survival. Establishing policies within the system ensures efficient inventory management.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

SYSPRO Smarter ERP

NOVEMBER 30, 2021

It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Stay Agile, Get Ahead.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

ShipBob

AUGUST 16, 2021

In order to keep up with the unprecedented volume in such a short time span, it’s important you have the right shipping strategy and fulfillment processes in place. In this article, you will learn about the common challenges DTC brands face during peak shipping season, and how you can prepare your online store for success.

Shipping 98

Shipping Inventory Reduction Material Savings Supply Chain Planning Software 98

Unleashed

FEBRUARY 8, 2024

There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. By using inventory management software or systems, you can automate and streamline your inventory tracking processes and gain valuable insights into its performance and efficiency.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Logistics Viewpoints

SEPTEMBER 22, 2023

Greenwashing is a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization’s products, aims and policies are environmentally friendly. A notable example of greenwashing is when McDonald’s introduced paper straws to reduce plastic pollution.

Los Angeles 222

Los Angeles Material Savings Logistics Network Optimization Software Waste Reduction 222

Supply Chain Shaman

SEPTEMBER 5, 2022

When it comes to inventory and driving improvement in the face of variability, there are five issues: Poorly Implemented Advanced Planning Solutions. Safety stock levels need to account for demand and supply variability but most built inventory policies only on demand data. Software mergers & acquisitions also slowed innovation.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Supply Chain Game Changer

DECEMBER 22, 2021

Outlined below are common fulfillment obstacles faced by online businesses and their solutions. Slow Shipping Speeds. Ensure that you create a fast, efficient, and streamlined eCommerce shipping process. To achieve this, work with a fulfillment service provider who respects shipping timelines to meet customer expectations.

Procurement Solutions 96

Procurement Solutions Purchasing Skills Predictive Analytics Software Inventory Reduction 96

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories. Shoppers are also less likely to have the hassle of returns, thanks to the ability to see, test, and try-on products before purchasing them. Data source: eMarketer. What exactly are people shopping for online?

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177