SCMDOJO

JULY 3, 2023

Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Kinaxis

SEPTEMBER 17, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. by John Westerveld. Not having end-to-end supply chain visibility. Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Imagine this scenario.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Visibility Modeling 263

SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. It’s a smart guarantee that the right parts are easy to get, making sure equipment doesn’t stay idle for long and costs stay low. Ready to enhance your spare parts management?

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

Supply Chain Game Changer

MAY 7, 2020

Common Mistakes in Importing and Exporting! Have a thorough understanding of the terms before placing an order so that you avoid mistakes that often lead to additional expenses. Have a thorough understanding of the terms before placing an order so that you avoid mistakes that often lead to additional expenses. Subscribe Here!

Negotiating Skills 64

Negotiating Skills Negotiate Pricing Purchasing Skills Philippines 64

Intelligent Audit

JUNE 1, 2021

Recognize the Importance of Route Optimization to Lower Total E-Commerce Shipping Costs Optimizing the routes traveled during shipping remains one of the most important facets of any shipping plan. The cost of e-commerce shipping can be high and requires careful consideration of what shipping options, pricing, and availability will work best.

Material Savings 52

Material Savings Price Reduction Shipping Waste Reduction 52

Intelligent Audit

JUNE 1, 2021

Recognize the Importance of Route Optimization to Lower Total E-Commerce Shipping Costs. Recognize the Importance of Route Optimization to Lower Total E-Commerce Shipping Costs. The cost of e-commerce shipping can be high and requires careful consideration of what shipping options, pricing, and availability will work best.

Material Savings 52

Material Savings Price Reduction Shipping Waste Reduction 52

SCMDOJO

DECEMBER 14, 2023

Lead time, with varied definitions based on process stages, essentially measures the time needed to complete an operation, calculated as the finish date minus the start date. Time is really important in business. Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

Arena Solutions

OCTOBER 21, 2020

Every company has more on the “to do” list than resources. Proactive companies are typically companies with experienced team members who have “been there, done that” and know that they need to put certain systems and processes in place before costly mistakes occur due to errors or challenges when they begin to scale. Timing Drivers.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 97

Intelligent Audit

APRIL 18, 2022

These activities are typically handled internally to free up in-house workers and resources. Increased freight costs and spending translate into higher fees to customers to still profit from their shipping services. How Much Does In-House Freight Auditing Cost? Now, imagine the cost of trying to audit 1000 invoices per day.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Resource Reduction Freight 52

GlobalTranz

DECEMBER 5, 2014

Between re-classes, re-weighs, other freight invoice adjustments due to mistakes, accessorials, freight delays, and damaged shipments, there are numerous things to watch out for when moving your freight – so it’s important to do the necessary groundwork BEFORE you start shipping. A Brief on Freight Classification.

Freight 244

Freight Negotiating Skills Third Party Logistics Expense Reduction 244

Arena Solutions

DECEMBER 16, 2020

Every company has more on the “to do” list than resources. You have many business needs—ranging in scope and impact—and a finite pool of people and budget that will not cover all the business needs. What does this mean? You’ll need to prioritize your projects. Timing Drivers. What are timing drivers? Compliance. Gross inefficiencies.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 97

Vinculum

APRIL 27, 2021

When carried out efficiently, Inventory management saves companies both time and money, valuable resources in the current generation of ecommerce. Doing calculations manually can be daunting and lead to inaccuracies. Inventory management is without doubt one of the most challenging aspects when it comes to retail and eCommerce.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Logistics Bureau

DECEMBER 18, 2017

From the following paragraphs, you’ll gain a brief insight into some common RFT mistakes and the difficulties they present to 3PL solution designers. The cycle-counting methodology should be detailed and provided to the 3PL so resource requirements can be calculated. If Only There Were More Good Tenders.

3PL 40

3PL Modeling Supply Chain Design Scenario Planning 40

Supply Chain Game Changer

OCTOBER 1, 2022

The increasing cost of fuel, car maintenance and purchasing of vehicles can drain a company’s resources. Fleet managers will profit significantly from this technology because it avoids driver mistakes, missing tachograph cards, and the paperwork that comes with keeping old data records. Download Digital Tachograph Data.

Supply Chain Software 97

Supply Chain Software Logistics Network Optimization Software Procurement Solutions Tools 97

DELMIA Quintiq

OCTOBER 11, 2015

Discover the highest level of branding where others are least likely to look. What do H&M and Whirlpool know about supply chains that many of their competitors don’t? It is that world-class supply chains embody world-class brands by delivering to the customers the promises made and stories told by their marketing departments. Campbell saved $4.5m

Waste Reduction 120

Waste Reduction Cost Reduction Strategies Price Reduction Resource Reduction 120

Intelligent Audit

SEPTEMBER 15, 2021

Discovering billing mistakes through leveraged data from freight audits helps shippers identify cost-cutting opportunities through accurate invoicing and payment processing. Freight audit savings might arise from recouping costs due to overbilling, service guarantee failures, or simply using the wrong carrier for each load.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Unleashed

APRIL 6, 2022

When done well, the lean system should create better value for the customer, reduce costs and inefficiencies, eliminate defects and produce near-perfect goods. Waste in the lean context can be described as any activity or material that uses resources or takes up space but doesn’t add value, and can therefore be disposed of.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

ThroughPut

JULY 14, 2020

These inefficiencies can waste time, and cost money and labor which can in turn impact the total profits for an organization. By ascertaining the value, manufacturers can create the top-down target price to calculate the cost to produce the products and services. What is Lean Continuous Improvement? Value Stream.

Continuous Improvement 69

Continuous Improvement Agile and Lean Supply Chain Waste Reduction Lean 69

My Office Apps

NOVEMBER 1, 2022

And an enterprise resource planning (ERP) solution is no exception. What are these mistakes? One of the biggest mistakes that companies make is not being meticulous in calculating the amount of time and resources needed to make transitioning a hassle-free process. Planning the Implementation.

Optimization Software 75

Optimization Software Inventory Management Software Resource Reduction Price Mitigation Strategies 75

Supply Chain Game Changer

NOVEMBER 4, 2021

Mistakes made in the financial aspect have dire consequences and may cause serious harm to your business venture. This is the only way you’ll be able to make better decisions in your resource allocation. Better financial decisions article and permission to publish here provided by Claire Glassman. Invest In Financial Education.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Strategy Strategy 52

ShipBob

OCTOBER 1, 2021

By implementing the right process improvements, technology, and efficiency optimizations, merchants can create a lean supply chain that: Significantly cuts their logistics costs. In order to scale your operations and achieve profitability, you will need to keep asking yourself one question: “How can I do more with less?”.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Kinaxis

SEPTEMBER 28, 2015

In case you’re not familiar with the term, a sharing economy is basically a way to enable the optimization of resources through the redistribution, sharing and reuse of excess capacity in goods and services through collaborative consumption. by Alexa Cheater Meet the Jetsons! with others about to break through. Apparently everything.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Analytics Software Logistics Network Optimization Software 100

Supply Chain Game Changer

NOVEMBER 23, 2018

Supplier quality management seeks to pinpoint, and help leverage, the suppliers that fit demands and costs, from the buyer, without being demanding upon internal resources (minimal need for inspection or development). What is it costing you to have poor suppliers? But, what would happen if someone forgets the pumpkin pie?

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

ShipBob

JULY 18, 2022

It also helps you calculate how much inventory is needed based on your expected increase in sales. But there are various considerations to keep in mind: Do I have enough inventory to meet demand? How can I overcome inventory loss? The list goes on and on. There’s a certain amount of risk associated with holding inventory.

Risk Management 52

Risk Management Inventory Reduction Inventory Management Software Inventory 52

Supply Chain Shaman

JANUARY 25, 2024

As my client explains that they are delaying their project to build network interoperability due to complications with their Enterprise Resource Planning (ERP) upgrade, I tap my foot and sigh. As product complexity increased, item forecastability decreased, and companies chased cost reduction. I hear this story a lot. The issue?

Supply Chain Network Software 264

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 264

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. There is no silver bullet.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

ShipBob

JULY 2, 2021

So far, 61% of executives reported reduced costs and 53% stated increased revenues after implementing AI into their supply chains. brand mentions). . Artificial intelligence (AI). AI continues to advance and make waves in the supply chain. The estimated impact of AI in the supply chain is between $1.2 Self-driving trucks.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

Arkieva

JANUARY 6, 2017

Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views). If you’d like to avoid missing a post in the future. Please subscribe here. Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

EazyStock

JULY 20, 2020

Suddenly, you need to send out refunds, deal with customer complaints, and spend more time and money to fix your mistake, which could have been prevented with simple inventory software. Cutting costs, improving efficiency and effectively allocating resources are essential tasks in day-to-day inventory work.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

IQMS

NOVEMBER 26, 2019

Following the news on international tariffs can be time-consuming — but miss an announcement and you could make mistakes that increase costs, penalties, or customs delays resulting in unhappy customers. To help mitigate these compliance risks, manufacturers need to carefully plan new compliance practices. Direct selling.

Manufacturing Procurement 54

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Inventory Management Software 54

Precoro

JUNE 7, 2023

When closing the books, accountants can discover mistakes, double entries, or omitted numbers, either by accident or in an attempt to cover up fraud. Let’s discuss how the month-end close process can benefit your company, and how to make the most of it. Keep reading for the following: What is the month-end close process?

Procurement Solutions 98

Procurement Solutions Purchasing Skills Procurement Analytics Optimal Sourcing 98

6 River Systems

FEBRUARY 22, 2019

But without an effective fulfillment strategy, it’s difficult to control fulfillment costs, which can have a negative impact on the company’s bottom line. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain Game Changer

NOVEMBER 17, 2018

Other tools like Datahawk , CamelCamelCamel and ASINspector and Sellics can allow you to easily research keywords, calculate ROI, unveil attractive niches and increase your SEO. Alibaba is a great resource for finding a wholesaler that is overseas. Check out 7 Pitfalls of Amazon FBA (Fulfillment By Amazon)! Choose a Product.

Negotiate Pricing 43

Negotiate Pricing Negotiating Skills Purchasing Skills How To 43

Supply Chain Shaman

APRIL 27, 2022

Executive teams strive to drive improvement in supply chain results; yet, sadly, only four percent of public companies succeed. The reason? After two decades of study, I think because it is a lack of understanding. In this area of research, I find that companies are like dogs chasing cars. The grass is always greener at another company.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

CH Robinson Transportfolio

AUGUST 9, 2018

Note: the “P” in CBP stands for “Protection,” not “Patrol”—a common mistake.). CEEs are charged with facilitating trade, reducing transaction costs, increasing compliance with import laws, improving enforcement efforts, and increasing uniformity of treatment at the ports of entry for identified industries. People don’t mean to be rude.

Manufacturing Procurement 34

Manufacturing Procurement United States Cost Reduction Strategies Negotiating Skills 34

ShipBob

APRIL 15, 2024

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. We also walk through an example GMROI calculation, and share some actionable tips for improving your own brand’s GMROI. This will then be divided by 13.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Unleashed

FEBRUARY 4, 2024

Retail inventory management is therefore the key to managing inventory costs and movements effectively. The main goal of retail inventory management is to optimise inventory levels and reduce costs while increasing sales and improving customer satisfaction. Here’s how the retail inventory management process works.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52