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Warehouse Cost Savings: 5 Key Areas of Focus and 13 Practical Objectives

Cerasis

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. In today's modern society, often, the stop gap in efficient productivity in your warehouse is typically one of two things: bad process & getting caught up in the weeds of tactics. 5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings.

What Does Augmented Analytics Mean for Procurement?

Jaggaer

And even if you got that far, you would also need to understand the underlying data and how to extract the subsets you needed from the data source. And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement. As is well known, procurement generates massive volumes of data. An obstacle to more rapid progress is the lack of relevant skills in many procurement organizations.

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Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. As a result PPV can either become a source of great profitability for your company or the cause of tremendous financial losses.

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Procurement Dashboards – 2020 analytical vision

Claritum

Claritum Article - Procurement Blog. Follow our 5 steps for 2020 procurement dashboard vision. Follow our 5 steps for 2020 procurement dashboard vision. Why build procurement dashboards? With the huge amount of business information available and data visualisation tools to use, dashboards have become essential tools for Procurement. Identifying the key information requirements for your procurement dashboards is critical.

Manage and Share Your Sourcing Data Effortlessly with ASO: Data Warehouse

Jaggaer

You already know that accurate data is vitally important to your procurement team. According to JAGGAER’s 2018 Digital Procurement Report , technologies related to data analysis are the most valued and desired pieces of technology among respondents. One small mistake in examining or presenting data points within your sourcing activity could cost you. Businesses need a strategic approach to managing their sourcing data. Sourcing

Focusing on Efficiency: Setting Foodservice Up for Success in Changing Market Conditions

CH Robinson Transportfolio

Often, these areas of opportunity present themselves when your organization or the market is fluctuating. While knowing where food is sourced, how it’s transported, and other supply chain questions may not feel like it has much to do with efficiency, you might be surprised.

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The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

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Ultimate guide to technologies that are transforming supply chains

6 River Systems

Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes. Artificial Intelligence & Machine Learning A variety of other technologies, such as robots and advanced warehouse management systems, leverage Artificial Intelligence (AI) and Machine Learning (ML) for data-driven decision-making. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. These jobs could involve working in a Warehouse, Distribution Centre, Manufacturing operation, or in an Office environment, or all of the above.

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Procurement Dashboards – 2020 analytical vision

Claritum

5 steps for 2020 procurement dashboard vision. Why build procurement dashboards? Trying to make sense of the information you get from different sources such as excel spreadsheets, ERP systems, accounting software, databases and manual forms. Then you could benefit from building procurement dashboards. With the huge amount of business information available and data visualisation tools to use, dashboards have become essential tools for Procurement.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” “I predict we will see a greater adoption of automated tools assisting, rather than replacing, humans in specific roles within our supply chains: warehouse, manufacturing and distribution.” Warehouse Operations

A Journey to the Cloud Enables the Push to a Digital Supply Chain

Supply Chain Brain

At Schneider Electric , the global purveyor of energy management and industrial automation systems, the cloud presented an opportunity to undertake a wholesale digital transformation of its supply chain. At the time, it was operating across a platform of approximately 125 enterprise resource planning (ERP) systems, 30 warehouse-management systems (WMS) and a smattering of transportation-management systems (TMS). The company’s array of WMS software presents a particular challenge.

Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

Exhibitors at Multimodal represent every logistics sector – road, rail, aviation, maritime, warehousing, storage services. It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Multimodal 2015. Date: 28 – 30 April 2014. Venue: NEC Birmingham. Organiser: Clarion Events.

50 expert tips on logistics planning and strategy

6 River Systems

“With better communication tools present, businesses can also build their collaborative rapport across the supply chain to eliminate confusion. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses. Warehouse Operations

Supply Chain Scams and Fraud!

Supply Chain Game Changer

Source: bestbusinesscircle.com. As stated by Wikipedia : he Fraud Triangle describes three factors that are present in every situation of fraud: Motive (or pressure) – the need for committing fraud (need for money, etc.); Subscribe Here! Email Address.

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Embracing the Macro Growth in Micro Supply Chains

CH Robinson Transportfolio

This rapid growth is presenting new challenges for stakeholders across the grocery and perishables industry and fresh opportunities to capture additional market share. . Warehouse operations located closer to retail stores help keep coolers stocked with appealing “fresh-to-go” selections, allowing grocers to refill these foods quickly. Managed Procurement Services (MPS Retail grocery ecommerce sales are up about 35% year-over-year.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. As of mid-2017, 80% of the company’s shipments out of its warehouse were going to areas other than California and New York.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism. This is a key component of the sourcing initiative.

Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). Planners focused on their local operations or warehouses and servicing customers in their territory. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). Figure 1 Source: SKF. Figure 2 Source: SKF. Figure 3 Source: SKF. Figure 4 Source: SKF.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

This should tell us if the supplier values those things our organization does and provide some measure of present competency and direction and investment in future competencies. Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. Warehouse Efficiency

5 Strategies for Retailers to Combat the Coronavirus Impact

Vinculum

Meeting their real-time expectations can rather present better avenues for retailers in these trying times of declining sales. Sourcing stock to meet customer demand is unarguably challenging in the recent times as factories/production houses continue to be quarantined. With this, retailers can also save a lot on costs in terms of stock procurement. If there is one thing that is trending globally, lately, it is the coronavirus outbreak or COVID-19.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

In the near-term, hosted software and cloud computing are making sophisticated warehouse, transportation and labor management systems accessible to organizations that could never support the significant capital investment required to discretely license the same software. The concept of “connected logistics” covers the relevant end-to-end processes of warehouse management, transportation management, track & trace and the entire logistics network.

From soba to udon—Are the noodles in the FTA bowl getting too thick? – LogiSYM December/January 2021

The Logistics & Supply Chain Management Society

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented.

Saving Supply Chain Planners from Chaotic Spreadsheets

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. . Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

It is about time that we leveraged supply chain analytics

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

Modeling Supply Chains with “Digital Twins”

ToolsGroup

At the recent Gartner Supply Chain Executive Conference in Phoenix, analyst Marc Halpern clarified three key concepts about supply chain digital twins in his presentation “Busting the Myth of Digital Twins to Deliver Value.” Digital twins drive benefits such as improved business planning and improved sourcing, procurement and supplier management. Twenty-two warehouses have achieved full “autopilot” for two of SKF's factories.

Real-time Information Increasingly Important for Manufacturers

QAD

Is material accurately tracked from the warehouse to the shop floor? Are exceptions presented to users in a timely fashion to avoid inefficiencies and unexpected costs? Manufacturers we work with often mention the desire for a single source of truth and quicker access to information that improves decision-making with suppliers. Lower procurement costs with supplier self-service and proactive alerts.

50 expert tips on supply chain optimization

6 River Systems

Supply chain optimization, however, is complex, encompassing everything from warehouse operational performance to logistics planning and more. Keep in touch with cross-functional colleagues. “Whether you’re in procurement, supplier quality, production control or logistics, supply chain is only one ingredient in the pie of successfully bringing a product to market. This is because cost is only incurred when the supply source is engaged during the disruption event.

Data Analyst, Data Scientist, and Data Engineer: What’s the Difference?

NC State SCRC

Data Analysts usually are part of an (embedded) functional team who are responsible for receiving and collecting data from multiple internal and external sources. They may use some statistical packages to perform fundamental statistical analysis and may use some type of data visualization such as Power BI to present their findings. Most supply chain and procurement functions are at the level of early digital integration where they need a good data analyst.

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50 expert tips on supply chain management

6 River Systems

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. “Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources. Develop alternative sources and diversify value chains. Consider a dual-supplier sourcing strategy. Warehouse Management

The Basics of Walmart Replenishment

SupplyPike

Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. Walmart has been practicing strategic sourcing to procure the best prices from its suppliers on every product. Under the agreement, Walmart offers suppliers the option of sourcing long-term as well as high-volume purchases, in return for the lowest possible prices on those products.

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

That presents a serious challenge to medical manufacturers from a risk perspective: buyer trust is eroded when less effective or outright fraudulent products are presented under their branding.