Supply Chain Shaman

APRIL 19, 2024

In addition, a purchase order changes three-to-four times and there is a black hole (data is caught between email systems of trading partners for one-to-two days). Purchase order data, while not as important, has the smallest gap. Seldom do you see this addressed in enterprise strategies. PE Firm Buy-out and Consolidation.

Supply Chain Network Software 300

Supply Chain Network Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 300

My Office Apps

JANUARY 16, 2024

Start Your Year with Cloud-Based ERP: The Ultimate Guide to Operational Excellence Begin your year on a transformative note by embracing the power of Cloud-Based Enterprise Resource Planning (ERP) systems. Operational Excellence with Cloud-Based ERP Procurement Management Efficiently manage your procurement processes with ERP.

Optimal Sourcing 84

Optimal Sourcing Eliminating Excel in Purchasing Manufacturing Procurement Procurement Analytics 84

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

ToolsGroup

DECEMBER 11, 2023

Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns. Deep discounting as a survival strategy According to McKinsey , deep discounting is a primary strategy that retailers are using to survive the retail contraction caused by Covid-19.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

ThroughPut

MAY 16, 2024

That’s where AI-powered supply chain optimization can make a difference. Businesses have streamlined operations, minimized costs, maximized efficiency and improved customer satisfaction levels by following advanced supply chain optimization techniques. What is Supply Chain Optimization? Both can be perilous for businesses.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Supply Chain Shaman

MAY 13, 2024

Observations on What It Takes In the Mea Culpa post, I wrote that I used to believe that excellence in S&OP was a ratio of 60/30/10. (60% Clearly Define an Operating Strategy. In today’s organization, only 23% of companies are clear on the definition of the operating strategy. Each market had its own S&OP.

S&OP 330

S&OP Supply and Demand Inventory Reduction Expense Reduction 330

SCMDOJO

JULY 3, 2023

Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so.

Purchasing Training 79

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 79

DELMIA Quintiq

SEPTEMBER 14, 2023

This seamless workflow, known as ‘material synchronization,’ enables companies to optimize inbound and outbound material flows. Closely aligning manufacturing operations with warehouse processes facilitates the coordination of production orders and the manufacturing bill of materials (MBOM) with inventory management.

Optimal Sourcing 156

Optimal Sourcing Manufacturing Procurement Material Savings Optimization Software 156

GlobalTranz

JANUARY 9, 2019

Editor’s Note: This article is from Steve Bettwy , Vice President – Quality and Business Continuity, Operational Excellence, and Continuous Improvement at Direct Supply. Significant energy goes into optimizing its distribution and delivery model. Two thirds of American households buy from Amazon.

Purchasing Training 187

Purchasing Training Price Mitigation Strategies Training Freight 187

Elementum

FEBRUARY 7, 2024

Digital Process Optimization: Streamlining Business for Efficiency In the race to streamline operations and elevate efficiency, Digital Process Optimization (DPO) emerges as a critical strategy for businesses looking to innovate and scale. Key Takeaways Digital processes enhance business agility and operational efficiency.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

Supply Chain Shaman

APRIL 29, 2024

In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. How are people buying software? Here I share how to challenge the status quo.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 394

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Shaman

JUNE 28, 2021

In 2004, I worked with a Midwest North American meatpacker to help define its supply chain strategy. The group needed a clear market signal on consumption patterns and the translation of demand with minimal latency to optimize price, mix, and schedule the factory to manage margin. To illustrate, let me share a story.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 238

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

DELMIA Quintiq

DECEMBER 2, 2019

Grocery retailers that want to excel in this space — while protecting their bottom line — need to optimize their logistics planning. The battleground to win shoppers has moved from in-store aisles to the digital space, where shoppers can easily search for products and compare prices. Here’s why: A constantly evolving landscape.

Eliminating Excel in Purchasing 156

Eliminating Excel in Purchasing Supply Chain Planning Software Purchasing Skills How To 156

Supply Chain Shaman

JANUARY 9, 2024

How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. I admit it. The reason?

Supply Chain Planning Software 300

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 300

Logistics Viewpoints

JUNE 8, 2023

However, advancements in technology have made it possible for any company to automate and optimize their last-mile delivery operations. The High Cost of Ignoring Delivery Optimization Failing to utilize technology for optimizing delivery processes comes with a steep price.

Modeling Software 203

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 203

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 102

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 102

Logility

SEPTEMBER 1, 2023

Smart Data Analysis: AI algorithms excel at handling large amounts of data , such as sales history, market trends, and customer behavior. Automated Learning: Machine learning algorithms automate the training process, reducing the need for manual intervention.

Forecasting 175

Forecasting Forecasting Software Demand Planning Software Modeling 175

The Logistics of Logistics

OCTOBER 30, 2023

Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. Some of its customers include Boeing, Airbus, Spirit AeroSystems, and Tesla. The Greenscreens.ai

Optimal Sourcing 242

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 242

Synovos

NOVEMBER 10, 2023

We support customers across the product lifecycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimizing inventory in the maintenance, repair, and operation phase. Interested in our services?

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

Supply Chain Game Changer

SEPTEMBER 30, 2022

If so, worry no more as this guide gives practical insights on selecting the right pallet racking , which is critical to optimizing your warehouse efficiency. Generally, the price of a pallet racking system is an indication of its quality and reliability. It may seem reasonable to purchase a racking system in the lower price range.

Optimization Software 110

Optimization Software Warehousing Supply Chain Optimization Price Mitigation Strategies 110

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

ToolsGroup

JUNE 10, 2022

There are plenty of other businesses ready to compete on price and service. Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. Image source: Ikea. Does it work?

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295

Supply Chain Shaman

OCTOBER 5, 2018

L’Oréal’s global strategy embraces globalization with a keen focus on the customer. The Company’s strategy is to acquire brands developed on a local or regional scale and then bring them to a global scale in a short period of time. Defining the Strategy of Operations 4.0. L’Oréal’s Performance Compared to the Peer Group.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Logistics Viewpoints

APRIL 25, 2024

Not only will this help optimize operations, but it will allow for performance to be benchmarked across sites, helping drive continuous improvement and the sharing of best practices. Create a facilities “Center of Excellence.” There’s also a bigger-picture environmental benefit to yard optimization.

Expense Reduction 228

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 228

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

Logistics Viewpoints

APRIL 21, 2022

On one hand, consumers expect to increase their online purchases post-pandemic. Retailers and delivery services companies that can break through today’s cycle of mediocre home delivery performance stand an excellent chance of improving customer loyalty and growing market share. Here are three charts that paint the whole picture.

Optimal Sourcing 209

Optimal Sourcing Eliminating Excel in Purchasing Purchasing Skills Sourcing Strategies 209

Supply Chain Game Changer

SEPTEMBER 7, 2022

It’s excellent protection against rain on what could’ve been a perfect day, too. You can attain an industrial tent by either buying or renting it. If you have an event coming up or need extra room for personal effects, continue reading to find out whether you should buy a tent or rent one. When To Buy. When To Rent.

Eliminating Excel in Purchasing 91

Eliminating Excel in Purchasing Purchasing Training Industrial Industry 91

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

AIMMS

MAY 4, 2016

Implementing an analytics strategy, and in particular implementing prescriptive analytics, can significantly improve revenues and drive down costs. Getting buy-in agreement and changing your company culture to embrace analytics is often more difficult. Training and change management. How do you get buy-in and agreement?

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Eliminating Excel in Purchasing Supply Chain Software 156

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Process optimization Digital twins can also help warehouse managers optimize processes and workflows.

Modeling 236

Modeling Analytics Software Supply Chain Design Software Optimization Software 236

Supply Chain Shaman

MARCH 9, 2020

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. Due to the lack of design of work processes, the output from the technology is sub-optimal.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

The Logistics of Logistics

APRIL 29, 2024

Steve is the Founder and Managing Director of iDev Partners a boutique leadership, business strategy and turnaround consulting firm. About Steve Elwell Steve is the Founder and since 2010 Managing Director of iDev Partners a boutique leadership, business strategy and turnaround consulting firm located in Farmington Hills, MI.

Freight 164

Freight Supply Chain Software Logistics Network Optimization Software Predictive Analytics Software 164

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Predictive Analytics Software 312

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 312