OptiProERP

DECEMBER 18, 2023

Managing, planning, and tracking finance is very important when it comes to the outflow of cash. Procurement and purchasing are terms interchangeably used in manufacturing but are distinct activities. In this blog, we will see how purchasing and procurement differ. Steps in the Procurement Process 1.

Manufacturing Procurement 52

Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

Logistics Viewpoints

JUNE 29, 2023

In today’s interconnected global economy, supply chains play a vital role in the success of businesses. It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

SYSPRO Smarter ERP

MAY 2, 2024

ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. of total IT software spend, and 5% of overall IT spending. This makes up 17.9%

Forecasting Software 52

Forecasting Software Supply Chain Planning Software Modeling Software Analytics Software 52

ToolsGroup

FEBRUARY 28, 2023

Powerful, AI-driven dynamic planning is good news for everybody – from executives to planners to consumers. At ToolsGroup, we spend a lot of time working and partnering with our customers to overcome their top supply chain challenges.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

ToolsGroup

FEBRUARY 7, 2022

The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Love it or hate it, daily necessities need to be purchased. From my couch.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

DECEMBER 10, 2023

Is AI our own enchanted solution It’s the holiday season, and while festivities may be muted publicly, I’ve still been enjoying lighting the tree, drinking mulled wine, and celebrating with loved ones at home. Holiday supply chain challenges It is an especially fraught holiday season for supply chain logistics.

Modeling 156

Modeling Supply Chain Optimization Optimization Modeling Optimization Software 156

Supply Chain Movement

MARCH 16, 2022

The supply chain planning software of Blue Ridge does exactly that. Not only does it help companies to be flexible in uncertain times, but it leads to happy customers and better business results via accurate demand forecasts, delivery plans and stock allocations.

Supply Chain Planning Software 148

Supply Chain Planning Software Forecasting Software Demand Planning Software Optimization Software 148

Enterra Insights

JULY 13, 2023

.” Changing consumer behavior is only one trend to which stakeholders in the CPG sector need to watch and respond. ”[2] Below are some of the CPG trends experts believe will continue to affect the CPG sector in 2023. ”[2] Below are some of the CPG trends experts believe will continue to affect the CPG sector in 2023.

Packaging 130

Packaging Trends Modeling Supply Chain Planning Software 130

Resilinc

MARCH 26, 2024

Welcome to part three of our AI in Supply Chain blog series. In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI.

Modeling 113

Modeling Supply Chain Risk Management Modeling Software Risk Management 113

Supply Chain Movement

JUNE 22, 2023

The once-mighty conglomerate General Electric, built up by industrial icon Jack Welch, is being subdivided into three distinct companies, for example, because the various corporate structures, business models and supply chains have become so complex that there is no longer any synergy to be gained.

Trends 78

Trends Manufacturing Procurement Gartner United Kingdom 78

Logistics Viewpoints

MAY 3, 2023

At the ARC Industry Leadership Forum in February, I had the opportunity to sit down with John Delligatti, Director of Digital Supply Chain Transformation at SDI , to discuss the pandemic, Maintenance, Repair and Operations (MRO), and the future of supply chain management. You can watch the full interview below.

Supply Chain Design 167

Supply Chain Design Supply Chain Planning Supply Chain Supply and Demand 167

HICX Solutions

FEBRUARY 15, 2024

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. The Global Supply Chain Landscape: What is the current situation?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Logility

AUGUST 31, 2023

This experience is not only frustrating industry executives – it’s compelling them to reassess their sales and operations planning (S&OP) process. Capacity planning drives production plans, cadence, and raw material procurement and has cost-justified an investment in small-batch processing equipment.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Logistics Viewpoints

OCTOBER 12, 2023

Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Michael Balint at Solvoyo and looks at the fresh produce supply chain. To read the article, click HERE.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

ToolsGroup

MARCH 3, 2021

When you’re perusing luxury handbags online, or testing which cocktail dress suits you the best, you probably don’t pause to consider all the supply chain complexities and analytics required to ensure the fashion items you’re craving are in-stock. shorter product life cycles, and often protracted supply lead times.

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

Logistics Viewpoints

AUGUST 22, 2022

Clearing the stale inventory has helped the world’s largest retailer relieve pressure on their stores and through their supply chain. In times of high inflation, LIFO alleviates the “inventory profit” that would result if old inventory, purchased at a lower price, was used to calculate profits. Demand Planning.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 191

Unleashed

MAY 25, 2023

Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? Inventory planning is the process of determining the optimal amount of inventory that should be available in stock at any one time to successfully meet customer demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

ModusLink Corporation

DECEMBER 13, 2022

The past few years have been chaotic and disruptive to the supply chain. However, the instability around the risk of recession remains, and knowing the top supply chain trends to watch in 2023 will help your organization prioritize operations and succeed. Introduction.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Logility

SEPTEMBER 19, 2023

Taming Supply Chain Bullwhips with DemandAI+ Bullwhip effect is a common term used in supply chain to describe how a small change in consumer purchasing pattern or a change in any demand pattern that can cause significantly large impacts to supply. Excel-based tools lack these capabilities.

Supply Chain Planning Software 135

Supply Chain Planning Software Modeling Supply Chain Software Supply Chain Planning 135

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Unleashed

APRIL 5, 2021

In your supply chain, ordering more raw materials and components is a key step in the production process. Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? What is procurement? What are the steps in the procurement process?

Procurement Solutions 66

Procurement Solutions Pricing Training Purchasing Training Purchasing Skills 66

QAD

FEBRUARY 29, 2024

The upcoming 9th UK Lumenia ERP HEADtoHEAD event, scheduled for 13-14 March 2024 in Milton Keynes, presents a unique opportunity for decision-makers in manufacturing and supply chain organizations to explore leading ERP solutions that can drive business transformation. Join Us at the Lumenia ERP Head-to-Head Event!

Supply Chain Design Software 86

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Procurement Solutions 86

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 120

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

ToolsGroup

MAY 28, 2020

Dave Food, Strategy Director of Prophetic Technology, discussed in a recent webinar how companies have adapted their supply chains during this crisis, and provided guidance in planning for recovery and future uncertainty. This resulted in manufacturing shutting down and significant constraints on supply.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 156

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 95

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 95

QAD

APRIL 11, 2024

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. How is AI Improving Supply Chain Management? I’m never one to jump on the bandwagon with emerging technologies.

Predictive Analytics 71

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 71

GlobalTranz

JANUARY 10, 2017

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Enterra Insights

JANUARY 18, 2022

Considering continued remote work offerings and higher demand for digital collaboration, I expect this trend to continue into next year and onward.”[2] ”[2] Below are a few other automation trends to which organizations should pay attention. Automation Trends. Hyperautomation. ” Robotic Process Automation. .”

Supply Chain Software 130

Supply Chain Software Predictive Analytics Software Supply Chain Planning Software Trends 130

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

QAD

MAY 24, 2023

Global supply chains change enough to necessitate comprehensive visibility and shared views across entire manufacturing enterprises and other industries. Integrated supply chain management and operations helps anticipate needs and demands from customers, suppliers, and other trading partners.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend as a risk. Why tell this story?

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is a Supply Chain?

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 93

Enterra Insights

FEBRUARY 8, 2022

Retail Trends. This trend was reflected in holiday spending. Digital Path to Purchase taken more often. During the early days of the pandemic, consumers were often forced to take the digital path to purchase. Supply chain snarls could affect demand. between November 1 and Christmas Eve.”[2] ”[5].

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130