Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ModusLink Corporation

OCTOBER 27, 2021

Synergy is a core element present in many successful manufacturing strategies. The synergy effect within a business is the result of mutual interaction between two individual company elements, usually achieved by executing a specific strategy. There are many different manufacturing strategies. 2021, January 26).

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth.

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

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Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Unleashed

APRIL 18, 2024

The manufacturing industry thrives on efficiency gains. Any opportunity to minimise waste and reduce your business costs means greater revenue, higher profits, and happier customers. Just-in-time (JIT) manufacturing is a production management approach that helps you lift efficiency and streamline your operational processes.

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Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Understanding the Manufacturing Cost. How Can You Reduce Manufacturing Costs?

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 85

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

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. Headquartered in Atlanta, Verusen has been named one of Georgia’s Top 10 Innovative Technology Companies.

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Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Unleashed

MAY 9, 2024

Measuring and improving manufacturing efficiency is a great way to trim down production costs. Put simply: the more efficiently you manufacture goods, the more profitable your business becomes. With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

BlueYonder

FEBRUARY 14, 2023

The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. It is at the same time creating more supply chain issues. Now it is all global.

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Manufacturing Procurement Material Savings Inventory Reduction Cost Reduction Strategies 129

OptiProERP

DECEMBER 18, 2023

Acquiring goods from vendors and suppliers is one of the critical and routine tasks for manufacturers. 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.

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Manufacturing Procurement Purchasing Skills Procurement Solutions Negotiating Skills 52

ThroughPut

MAY 3, 2024

It’s no longer just about getting goods from A to B; it’s become a vital piece of the supply chain puzzle. Everything is connected – what happens in one part of the supply chain can shake things up in logistics, and the other way around. What is Logistics Management Software And How Does It Work ?

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

SCMDOJO

APRIL 22, 2024

But what steps can you take to a more resilient supply chain during disruptions? If you’re ready to learn more about creating stronger supply chains, read below. As more industries face ransomware attacks, it’s a good idea for any supply chain company to hire cyber experts to prevent disruptions.

Inventory Reduction 81

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 81

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Timing was a further crucial factor.

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Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Resilinc

APRIL 17, 2024

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. In the intricate web of modern supply chain management, efficiency often guides decision-making. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing.

Sourcing Strategies 95

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 95

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. What is RFID Technology? RFID tags can reduce out of stocks by up to 80.3%

Manufacturing Procurement 90

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 90

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace.

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Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 93

ShipBob

JANUARY 15, 2024

Striking the perfect balance between supply and demand is a complex dance for any business. If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

QAD

JANUARY 24, 2023

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Software Optimal Sourcing Procurement 96

ThroughPut

JUNE 4, 2024

Effectively Managing inventory is a common challenge for many supply chain and manufacturing professionals. Without proper inventory management, businesses can face stockouts, overstocking, and increased operational costs, which can impact profitability and customer satisfaction. What Is Inventory Management?

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Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

ModusLink Corporation

SEPTEMBER 1, 2023

Supply Chain Management In the ever-evolving world of freight and logistics, volatility has become the new normal. Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ?

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. There are several advantages to keeping inventory costs down and lowering inventory value.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. Some fulfillment warehouses even use robots to pick and pack customer orders.

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

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. Subscribe Here!

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Supply Chain Game Changer

JUNE 30, 2022

Subscribe to Supply Chain Game Changer. The Importance of a Strong Supply Chain and Logistics Strategy! A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. Demand Planning. Visibility.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 78

SYSPRO Smarter ERP

APRIL 26, 2023

For manufacturers that have grown up from a small business, with a handful of employees and few customers, to one with many staff and customers, there comes a time when the business software needs of the company have to be re-evaluated. Here are ten reasons how an ERP system can help manufacturers.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

AFFLINK

AUGUST 17, 2022

The purpose of any supply chain is to get materials from the point of origin to the place of need as quickly and inefficiently as possible. In today's market — now pockmarked by erratic supply chain disruptions — fulfillment is easier said than done. Top Distributor Challenges: 1. Top Distributor Challenges: 1.

Manufacturing Procurement 62

Manufacturing Procurement Supply Chain Software Optimal Sourcing Demand Planning Software 62

SYSPRO Smarter ERP

MAY 22, 2023

Due to increasing pressure from various stakeholders, many companies are turning their focus to ensuring that their supply chains are sustainable. What is a sustainable supply chain? Process changes to improve sustainability What sort of process changes should manufacturers be looking at to improve sustainability?

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Sustainability 98

QAD

JULY 13, 2023

If food manufacturers want to stay ahead of the competition today and into the future, they have to leverage advanced tools and systems that can optimize processes and deliver real-time insights. One such technology that has gained immense popularity and proven its value is the cloud-based Enterprise Resource Planning (ERP) system.

Manufacturing Procurement 86

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 86

SYSPRO Smarter ERP

JUNE 9, 2022

Manufacturers rely on data and their ERP platform to answer critical questions: What are our inventory levels? How much does it cost us to manufacture this product? The power of business intelligence for manufacturers. Mid-market manufacturers need a tool that’s tailored to their needs.

Supply Chain Design Software 98

Supply Chain Design Software Analytics Software Supply Chain Planning Software Predictive Analytics Software 98

Supply Chain Game Changer

JULY 7, 2021

Subscribe to Supply Chain Game Changer. You Need A Blue Ocean Strategy! Amazon Supply Chain strategies article and permission to publish here provided by Jae Jun. Amazon Supply Chain Strategies. Amazon has the best technologies to keep up with demands as it continues to grow.

Inventory Reduction 100

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 100

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. To help out fellow supply chain experts and professionals, we’ve crafted this guide to deepen your comprehension of JIT, illuminating its fundamental principles, myriad benefits, strategic implementation, and the challenges that may arise.

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Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Accuracy : Reduces the error rate associated with human intervention.

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Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78