ivalua
FEBRUARY 10, 2023
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
Logistics Viewpoints
FEBRUARY 20, 2024
Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.
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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).
Procurement Academy
OCTOBER 19, 2023
As a result, training on how to navigate these complexities is a must. The Essentials of Procurement Optimization Taken at its most basic level, procurement optimization is simply the strategic process of improving every aspect of procurement operations. The disadvantage of this sourcing strategy is risk concentration.
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Explore the most common use cases for network design and optimization software. Scenario analysis and optimization defined. Optimizing your supply chain based on costs and service levels. Optimizing your supply chain based on costs and service levels. Diversifying sourcing and manufacturing. What's inside?
Logility
MAY 17, 2023
The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.
DELMIA Quintiq
OCTOBER 11, 2021
The way forward implies resiliency in all aspects of the business, and for manufacturing in particular, this means implementing the right strategies as stepping stones to build and drive strategic flexibility. The answer lies in a digital transformation strategy that delivers optimal ways of working. How can this be achieved?
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But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more. Key topics covered: Eliminating friction points and coping with the continual disruptions through a modern data strategy approach.
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A digital supply chain enables today’s LSPs to stay ahead of the game, informing their customers as soon as problems occur and leveraging data-driven insights to optimize from end to end. How are new data sources and IoT tools enabling new levels of visibility into the global supply chain?
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Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
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