Silvon Software

MAY 1, 2024

Predictive Analytics has emerged as a pivotal tool in this quest, offering unprecedented foresight into market trends, consumer behavior, and operational efficiencies. However, the effectiveness of predictive analytics hinges significantly on the robustness and modernized capabilities of the underlying Business Intelligence (BI) platform.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Predictive Analytics Software Analytics Software Predictive Analytics 59

Logistics Viewpoints

MARCH 27, 2023

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Absolutely!

Forecasting 192

Forecasting Forecasting Software Modeling Optimal Sourcing 192

QAD

MAY 23, 2023

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.

Procurement Solutions 92

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 92

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

Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Configure to Order: This strategy involves customizing standard products based on customer specifications.

Manufacturing Procurement 188

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 188

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

JANUARY 29, 2024

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Logistics Viewpoints

MARCH 20, 2023

Chakri Gottemukkala, CEO at Supply Chain Planning Vendor o9 Solutions There are several young supply chain software companies that are unicorns. One of the more interesting is o9 Solutions. In January of 2022, Dallas-based o9 Solutions was valued at $2.7 The company launched their platform in 2014.

Supply Chain Planning Software 213

Supply Chain Planning Software Modeling Software Procurement Solutions Demand Planning Software 213

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Logistics Viewpoints

SEPTEMBER 20, 2022

We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.

Supply Chain Planning Software 196

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 196

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 190

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 190

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 196

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 196

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Logility

AUGUST 25, 2021

ATLANTA (August 25, 2021) American Software, Inc. million for the same period last year, and Software license revenues were $0.5 million for the same period last year, reflecting our continued transition to the Software as a Service (SaaS) engagement model. Company and Technology. million compared to $0.8

Supply Chain Planning Software 130

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Demand Planning Software 130

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Kelly-Moore achieved 20% less overstock and avoided $1 million in purchase orders after reallocating sundries.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Herlitz Inventory Management

JANUARY 18, 2023

What is Demand Forecasting? Demand forecasting is a vital activity for wholesale and retail purchasing teams. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand. Forecasting inventory is simple in theory, but difficult in practice.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

Unleashed

JANUARY 8, 2024

Procurement management directly impacts your bottom line, making it a critical component of running a profitable product-based business. In this article, we look at the different stages of procurement management. We’ll also explore project procurement management and the relationship between procurement and supply chain management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

ThroughPut

JULY 24, 2022

The retail industry has been witnessing unending turmoil over the last couple of years by way of a series of challenges – ranging from shifts in purchasing habits and consumer demands to the vagaries of a relentless global pandemic that continues to trigger seismic upheavals. Retail supply chain software that creates better demand signals.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Forecasting Software Optimization Software 96

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

Supply Chain Shaman

NOVEMBER 11, 2020

While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. I forecast that this interest will grow and the market is going to become more confusing. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Evolution is messy. The reason?

Supply Chain Design Software 334

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 334

EC Sourcing Group

NOVEMBER 17, 2020

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Thus, you’ll see a lot of: eSourcing tools. Automated tools.

Procurement Solutions 52

Procurement Solutions Supply Chain Software Supply Chain Planning Software Forecasting Software 52

ToolsGroup

JUNE 17, 2021

Accurate forecasting of uncertain demand. Demand modeling systems look at the specific factors driving demand at a granular and daily level for individual SKU-Locations. Probabilistic forecasting then produces a range of possible outcomes with probabilities assigned to all values within the range. Right-sizing inventory.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Logility

NOVEMBER 18, 2021

ATLANTA (November 18, 2021) American Software, Inc. million for the same period last year and software license revenues were up slightly to $0.8 million for the same period last year, while Software license revenues were $1.3 million for the same period last year, reflecting our conversion to the SaaS engagement model.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Analytics Software 130

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. When shopping for inventory software, first determine your answers to the following questions. What’s your budget?

Inventory Management Software 52

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

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

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

Logility

APRIL 21, 2020

The ability to effectively forecast demand is essential for supply chain management decisions. In fact, demand forecasts are used throughout the supply chain including supply chain design, purchasing, operations, inventory, and sales and marketing. procurement, operations, inventory, sales and marketing).

Forecasting 157

Forecasting Optimal Sourcing Forecasting Software Modeling 157

Unleashed

AUGUST 11, 2020

Cost reductions in food manufacturing can be achieved by using food manufacturing software that improves ordering processes and minimises overstocking of expensive raw ingredients. The right software will also improve operational processes, boost warehouse efficiency and reduce waste. Working with fresh food.

Manufacturing Procurement 89

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Forecasting Software 89

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.

Forecasting Software 59

Forecasting Software Supply Chain Planning Software Modeling Software Analytics Software 59

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments. What is Demand Forecasting?

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Talking Logistics

FEBRUARY 18, 2016

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Freight is unique. Data rules. Data is critical to decision making.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

Resilinc

MARCH 26, 2024

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

Modeling 106

Modeling Supply Chain Risk Management Modeling Software Risk Management 106

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered.

Inventory Management Software 52

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

ToolsGroup

APRIL 13, 2020

Kathleen: What business challenges were you seeking to solve by using [the ToolsGroup] solution? Rafael: It has been a really helpful tool with which to go through this crisis. So our main task now is to consolidate all the purchase and inventory decisions in one team. We don’t know what’s going to happen.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52