GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

NC State SCRC

JULY 23, 2017

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. Here are some of the areas where procurement has the opportunity to make an impact. Cash to Cash.

Expense Reduction 66

Expense Reduction Inventory Reduction Resource Reduction Price Reduction 66

Precoro

JUNE 6, 2022

Efficient SCM starts with a well-managed network of suppliers and vendors. Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Introduce metrics for evaluating whether KPIs are met and standards achieved. In 2020, the global Supply Chain Management market was valued at $15.85

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Eliminate Before You Automate : Automation is critical to large, efficient warehouse operations.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Freightos

NOVEMBER 11, 2021

More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. Even closer to end customers, in August, Maersk acquired Visible SCM, a Utah-based B2B/B2C company, which handles over 200,000 orders a day across nine fulfillment centers, as well as a European counterpart. This isn’t just about purchasing power.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Supply Chain Game Changer

OCTOBER 28, 2020

With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? and Canada, we think the results are instructive for Canadian hiring managers and SCM professionals as well. 82% of the respondents reported a salary increase over the previous year.

Supply Chain Planning 98

Supply Chain Planning Supply Chain Strategy Purchasing Skills Supply Chain 98

Supply Chain Matters

SEPTEMBER 8, 2022

Our prior full edition of this column was published on July 14 and featured news related to global battery manufacturer Panasonic and warehouse services start-up Flexe. Procurement sourcing and tail spend solutions provider Fairmarkit announced the completion of a $35.6 Expands C-Suite Amid Increased Technology Demand.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chain Planning 52

Supply Chain Game Changer

NOVEMBER 18, 2018

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. According to a recent report in Procurement trade publication Spend Matters , these are some of the most booming categories in the burgeoning industry. Subscribe Here!

Negotiating Skills 56

Negotiating Skills Purchasing Skills Pharmaceutical Agile and Lean Supply Chain 56

Supply Chain Game Changer

NOVEMBER 10, 2018

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise. How to overcome these potential conflicts?

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

Enterra Insights

NOVEMBER 29, 2018

Billal Chouli explains, “A supply chain is a network of suppliers, manufacturers, and retailers, as well as intermediaries including freight companies, warehousing companies, and brokers, who transfer goods, services, money, and information amongst one another. The importance of supply chain management. ” 4.

Optimal Sourcing 100

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Strategy 100

Supply Chains Rock

JUNE 3, 2009

Its become almost an annual ritual, similar to the Fortune 500, the top billionaires and the AMR Top 25 Supply Chain report. This article in MarineLog reported that "Toyota had to rent a boat in Sweden to store 2,500 extra cars from inventory.". I think in coming year SCM industry will grow a lot. SCM Blogroll.

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement SCM Supply Chain 100

Oracle SCM

SEPTEMBER 12, 2019

Ninety-five percent said they plan to spend more this year than last, and 60 percent will spend more than $1 million over the next two years on disruptive technologies such as robotics, automation, predictive analytics, artificial intelligence, and the Internet of Things (IoT).

Supply Chain Planning Software 80

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 80

Supply Chain Game Changer

JUNE 8, 2021

Paul Kretz, Head of SCM at Church & Dwight. There is so much to learn in many functions of supply chain, whether it is IT tools, planning and buying, commodities, global supplier management, logistics, warehousing. Every day is about communicating, collaborating, organizing, problem solving, cost and environmental management.

Negotiating Skills 97

Negotiating Skills Purchasing Skills Industrial Industry 97

Cathy Roberson

APRIL 6, 2022

Plus #warehouse. Supply Chain @Mr_Supply_Chain Deep customs insights, landed cost analysis, customs delays, ports, product level analysis Chris rubio @cm_rubio Transparency Complete transparency of Available To Promise Date, Landed Cost, and ESG metrics for the entire Procure-To-Pay lifecycle at the piece level.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Supply Chain Game Changer

NOVEMBER 16, 2018

In the situation I was in there were obviously no metrics that were being reviewed and used. There are many metrics that are very helpful including: Cash dollars and days of supply. Inventory dollars and days of supply, and purchase orders outstanding. You do not want to track these metrics only looking in the rear view mirror.

Procurement Analytics 53

Procurement Analytics Inventory Reduction Metrics Forecasting 53

Kinaxis

MAY 18, 2016

You might think, “okay, our warehouse is good” without thinking about the end to end. Procurement might have hit their cost savings metrics, but if it meant purchasing more than needed, and that might hurt your warehouse inventories. Also, we can’t talk like Supply Chain geeks.

Supply Chain Software 100

Supply Chain Software Gartner Supply Chain Planning Software Agile and Lean Supply Chain 100

RFgen

APRIL 20, 2023

With the growing reliance on digital technologies and reliable data, Oracle Fusion Cloud SCM has emerged as a powerful platform, enabling organizations to optimize their inventory control practices. The ability to update Oracle Cloud as work occurs is an essential best practice for accurate tracking and reporting.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Ninety-five percent said they plan to spend more this year than last, and 60 percent will spend more than $1 million over the next two years on disruptive technologies such as robotics, automation, predictive analytics, artificial intelligence, and the Internet of Things (IoT).

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 59

Infosys Supply Chain Management

JANUARY 18, 2018

However due to Maximo's limited Supply Chain capabilities it was often integrated with an ERP system for even basic supply chain features like Inventory Management, Replenishment, Purchasing, Contracting & Invoicing. When I write this, it is already successfully running in production for 6+ months.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 0

NC State SCRC

DECEMBER 1, 2016

This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing. Total Cost of Ownership is determined by Purchase Price (20%) + Demand (40%) and specification/service level (40%).

Supply Chain Planning Software 40

Supply Chain Planning Software Meeting Supply Chain Software Supply Chain Planning 40

Supply Chain Game Changer

NOVEMBER 17, 2018

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. Theoretically you should be able to generate better service, better terms and conditions, and better cost. Subscribe Here! Email Address. Executive Sponsorship.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 52

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Abstract Technologies such as Social networking, mobile, analytics and cloud computing have been shaking the IT industry for past several years. Analytics Analytics means scientific and systematic analysis of data.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Infosys Supply Chain Management

AUGUST 10, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Oil operators and Oil services firms - time to dissolve internal walls | Main | Enabling individual item picking in tomorrows warehouses » Rapid Innovation will Differentiate the Future of Retail Industry.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Innovation 28

SCMDOJO

NOVEMBER 2, 2023

Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

Taulia

JUNE 26, 2023

During this step, you first need to decide on supply chain objectives and specify the metrics that will be used to monitor progress toward them. Then, move on to build your supply chain to suit those metrics. At this stage, the priority is to make sure that the materials or components supplied meet the required standards.

Supply Chain Planning Software 52

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

Supply Chain Game Changer

NOVEMBER 23, 2018

especially procurement and logistics?—?in If SCM tech were a summer reading list, Blockchain would be the Twilight trilogy. It was reported in mid-June by Zion Market Research that global “blockchain technology in supply chain management marke t was valued at around USD 40.99 Blockchain in Procurement.

SCM 50

SCM Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 50

Supply Chain Game Changer

FEBRUARY 4, 2020

But is just taking courses in basic topics like Procurement, Negotiation, Statistics, Operational Research or Planning sufficient? First let’s consider exactly what Supply Chain Management, or SCM, is and what is its role? How Does This Impact SCM Training? Purchase orders were hand written.

Education 67

Education Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 67

AFFLINK

MARCH 14, 2017

Supply Chain Management (SCM) is an important part of every organization, whether small or large. SCM is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, according to Robert Handfield, Ph.D. SCM is necessary for the foundation of all societies.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 78

Supply Chain Game Changer

JANUARY 22, 2019

And consider forecast data, planning parameters, cost and price information, materials details and specifications, purchase orders (and all of the accompanying changes and updates), bills of lading, labels, inventory records, and much more. By Intellectual Automation we mean the automation of all basic Supply Chain activities.

Supply Chain Design Software 79

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Analytics Software 79

6 River Systems

JUNE 29, 2020

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. “Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Game Changer

NOVEMBER 14, 2018

Big Data and Analytics, and Digitalization are all phrases that are emblematic of revolutionary changes both today and in the future. There is no longer any need to send, change, and receive purchase orders on paper or by fax. All purchase order activity can be managed electronically. © Copyright Mortson Enterprises Inc, 2017.

Negotiating Skills 73

Negotiating Skills Purchasing Skills Supply Chain Skills Buyer Training 73

Supply Chain Game Changer

DECEMBER 14, 2018

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management. Consider what constitutes Supply Chain.

Supply Chain Design Software 51

Supply Chain Design Software Supply Chain Planning Software Negotiating Skills Supply Chain Design 51

6 River Systems

FEBRUARY 25, 2019

From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Jake Rheude is the Director of Marketing for Red Stag Fulfillment , a fulfillment warehouse born from eCommerce.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

RELEX Solutions

NOVEMBER 22, 2016

There are many subsets of analytics and optimization that can influence these processes but, for simplicity’s sake, our focus will be on the core processes. Below is one way to think of the typical decision points needed to procure and place products: Each of these decision points is supported by technology. Ordering (12 decisions).

Supply Chain Planning Software 28

Supply Chain Planning Software Forecasting Software Optimization Software Analytics Software 28

GlobalTranz

JANUARY 5, 2016

Then, as a treat, we have 10 more bonus supply chain trends for 2016 in the form of an infographic from irms 360 Enterprise, a Cloud Warehouse Management System. When a business, or other organization, purchases equipment, parts, or remanufactured equipment it is an investment. Increased velocity. Increased service market share.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Trends Supply Chain Optimization 120

ThroughPut

NOVEMBER 28, 2023

Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. And that’s precisely what’s on the horizon for supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52