Silvon Software

APRIL 19, 2022

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. To accomplish this, our clients rely on the built-in data hub of our Stratum reporting application.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

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

ShipBob

MARCH 4, 2024

But fast shipping times aren’t the only hurdle modern-day ecommerce businesses have to overcome. Other aspects such as streamlined returns , affordable shipping costs, and overall brand trust are equally crucial in creating a positive customer experience. So, what are ecommerce businesses doing to address these challenges?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Distribution 52

ShipBob

JANUARY 15, 2024

Financially, it can lead to significant losses as businesses are forced to sell stock at discounted prices, or worse, write off unsold inventory as a loss. In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. The result?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Precoro

AUGUST 31, 2023

However, achieving significant cost savings is not always easy — it requires a comprehensive approach that involves more than just cutting expenses. In this blog post, we'll go over everything you can do to reduce company expenses.  Keep Companies can cut costs in various ways.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). By calculating and tracking your GMROI, you can make more informed decisions on pricing, budgeting, and inventory spending, so that your business can not only survive, but thrive.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

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

Unleashed

JANUARY 25, 2023

In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability. Cash flow management is the process of analysing your company’s finances, predicting future changes, and using this data to guide financial decision-making.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

GlobalTranz

SEPTEMBER 12, 2018

To achieve lasting success, shippers need to understand how e-commerce shipping strategies are quintessential steps in this process. An Effective E-Commerce Shipping Strategy Mitigates Losses From the “Retail Apocalypse.” This is the making of an effective e-commerce shipping strategy. GET YOUR COPY HERE.

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Resource Reduction Cost Reduction Strategies Price Reduction Supply Chain Strategy 182

Unleashed

NOVEMBER 7, 2023

To master all these channels, you need a strategy that ties them together. It also allows you, the merchant, to cut down on admin and grow your sales. We’ll also cover a few best practices for perfecting your omnichannel strategy. Enter: omnichannel fulfilment.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Sourcing was both a cost as well as landed cost decision factor. Timing was a further crucial factor.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Inventory Reduction 186

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 186

ShipBob

DECEMBER 28, 2022

Before you leap into the sourcing process, it’s important to have a strategy in place. Strategic sourcing is a unique purchasing method that aligns your sourcing strategy with your business goals. What is procurement? This process is known as procurement. What’s the difference between procurement and sourcing?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Unleashed

SEPTEMBER 28, 2023

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. Dead stock also costs money to keep in storage. It can reduce your profit margins, tie up your cash flow, and increase your warehouse storage and employee costs. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Why is handling MRO procurement so costly?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Shipping and logistics: Selecting the appropriate shipping method, arranging transport, and coordinating with couriers for delivery.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

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. They are more likely to shop for discounts and sales and may delay purchases of some items.

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Game Changer

JULY 7, 2021

You Need A Blue Ocean Strategy! Amazon Supply Chain strategies article and permission to publish here provided by Jae Jun. Amazon Supply Chain Strategies. Amazon then directly packs, ships, and provides customer service for these products. No service fee and shipping products to Amazon. Subscribe Here!

Inventory Reduction 100

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 100

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Unleashed

MAY 4, 2023

An endless aisle strategy can help you overcome the challenges of limited storage and locked-up cash flow. What are the strategies, what are the risks? Endless aisle products can then be shipped directly to the customer or picked up instore at a later date. Retail chains can also use endless aisle kiosks to reduce overheads.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Resource Reduction 52

Supply Chain Shaman

FEBRUARY 18, 2021

Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Start small and test and learn. Need For What-If Analysis.

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Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

ToolsGroup

NOVEMBER 23, 2021

7 practical strategies to minimize risk and manage supply chain shortages. The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Get your product portfolio in shape.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

GlobalTranz

MARCH 23, 2018

Amazon acquired Whole Foods and dropped the price of Prime Pantry through Prime Perks. Walmart has a different approach, and in several ways, Walmart is positioning itself to best Amazon in e-commerce through an innovative, omnichannel return strategy. Download white paper. Precursor 1: Sam’s Club Closings Reveal an Ulterior Motive.

Price Reduction 179

Price Reduction Omnichannel Supply Chain Strategy Strategy 179

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. And now, you’ve decided to raise the price of my Prime subscription. Amazon Prime’s Price Increase: The Facts at a Glance. On February 3, 2022, Amazon announced its first price increase since 2018.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

Logistics Viewpoints

OCTOBER 18, 2023

Or have these concerns been replaced with cost-price inflation and compressed profit margins? But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. Manufacturing Purchasing Managers Indexes The J.P.

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Manufacturing Procurement GEP Purchasing Skills Logistics 265

Zipline Logistics

DECEMBER 5, 2022

You’ve taken your brand from an idea to physical product, determined packaging and pricing, and landed shelf space at a retail store. Survey insights reveal that 90% of retail buyers say a supplier’s ability to deliver on time impacts their purchasing behavior of that brand. Logistics Strategy Drives Category Domination.

Cost Reduction Strategies 81

Cost Reduction Strategies Price Reduction Logistics Network Optimization Software Price Mitigation Strategies 81

ShipBob

NOVEMBER 22, 2021

Accurate analytics can be the roadmap to your business’s success. Otherwise, you won’t know whether your existing strategies and processes are working or if your financial investments are yielding sufficient returns. That’s why ecommerce analytics are vital if you want your DTC brand to grow. What is ecommerce analytics?

Procurement Analytics 98

Procurement Analytics Analytics Software Analytics Optimal Sourcing 98

SCMDOJO

JUNE 6, 2023

It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Why is it crucial?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others. This allows Amazon to concentrate on other aspects of the transaction, like shipping, returns and processing.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel. GLOBAL CRISES DRIVE PRICES SKY-HIGH.

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Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer. Shipping: The order is handed over to a delivery service. What is order processing?

Inventory Management Software 52

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

RFgen

MARCH 20, 2023

Integrating purchasing and inventory control is critical for forward planning and forecasting in today’s economic climate. The reality is quality inventory data drives sound supply chain strategy. Essential to this process is purchasing. But when purchasing is not monitored alongside inventory, issues occur.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Purchasing Skills Manufacturing Procurement 52

Unleashed

APRIL 11, 2024

The Guardian reports that the Victoria Unboxed project will hope to eliminate invisible waste from supply chains by replacing cardboard produce boxes with reusable plastic crates. The latest ISM Manufacturing PMI report registered an unexpectedly high 50.3% That’s why AOV is an essential metric to improve.

Waste Reduction 52

Waste Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. Frequently, I see the goal of “build a customer-centric strategy” or define an “end-to-end vision to deliver on the customer promise.”

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Enterra Insights

APRIL 4, 2024

She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days. The Returns Challenge Journalist Liz Young reports, “The National Retail Federation estimates more than $100 billion in merchandise was returned fraudulently in the U.S. That amounted to about 13.7%

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100