The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 323

Logistics Viewpoints

OCTOBER 15, 2024

Direct Procurement : Milk is collected directly from farmers at the village level. Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. This empowers them to have a stake in the business and share profits.

Optimal Sourcing 265

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 265

The Logistics of Logistics

SEPTEMBER 25, 2023

He has extensive experience in the industrial supply chain and distribution space, as he was recognized as a Supply Chain Pros to Know by Supply and Demand Chain Executive in 2021, 2022, & 2023. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.

Optimal Sourcing 265

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 265

ToolsGroup

SEPTEMBER 18, 2023

14-15, 2023 in Atlanta. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to [link] to view the full list of winners.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software ToolsGroup Supply Chain Planning 156

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

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. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

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

The Logistics of Logistics

JANUARY 13, 2023

The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Streamline procurement. Meet with Amplio @ IPC Apex Expo 2023. Access diverse sources of supply. Learn More The Amplio Story. Amplio on LinkedIn.

Manufacturing Procurement 184

Manufacturing Procurement Optimal Sourcing Purchasing Skills Procurement Solutions 184

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

Supply Chain Matters

JANUARY 6, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Expected 2023 global economic growth in a range from 2 percent to 2.7

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Logistics Viewpoints

OCTOBER 2, 2023

The interview occurred during athe FourKites Visibility 2023 user conference on September 7th in Chicago. Shipment/inventory tracking can tell you whether a shipment will be on time, but not whether everything that was supposed to be on that shipment is there. In that study, FourKites 2021 revenues were estimated to be $65 million.

Real-time Visibility 256

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 256

Supply Chain Shaman

OCTOBER 13, 2022

The gap between logistics and procurement; and logistics and customer service increases process latency. Last week, Nike reported first quarter 2023 results. Inventories increased by 44% due to supply chain volatility. Inventories grew year-over-year by 43%. A real-time perpetual inventory signal offers great promise.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

QAD

APRIL 4, 2023

We are thrilled to announce the release of QAD Adaptive ERP 2023, the latest version of QAD’s next-generation ERP solution that includes the QAD Enterprise Platform. It provides the production insights needed to rapidly respond to unplanned inventory shortages, equipment failures and productivity slowdowns.

Manufacturing Procurement 98

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

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Procurement. Inventory Management. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

The Logistics of Logistics

MAY 26, 2023

Hannah was named an SDCE 2023 Supply Chain Pro to Know and 2021 WE USA Top WBE CEO. Committed to environmental and social responsibility, ALOM manages the physical supply chain from procurement, inventory management, contract assembly, digital media and print, to omni-channel fulfillment and returns.

Supply Chain Design Software 208

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 208

Logistics Viewpoints

FEBRUARY 3, 2023

The startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol , that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022. Moller – Maersk is turning to flying drones to manage inventory counts in its warehouse network, the Danish firm said.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Negotiating Skills Purchasing Skills Supply Chain Planning Software 216

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 98

Manufacturing Procurement Supply Chain Software Optimal Sourcing Procurement 98

Ware2Go

FEBRUARY 20, 2023

Ahead, we’ll explore the latest supply chain trends for 2023 to keep your business ahead of the curve. The post Digital Supply Chain Solutions for 2023: The Future of Logistics Is Here appeared first on Ware2Go. What is a Digital Supply Chain Solution?

Optimal Sourcing 98

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Optimization 98

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It covers the three main procedures that make up effective supply chain planning: demand planning, sales and operations planning, and inventory and supply planning.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

Supply Chain Shaman

JUNE 29, 2022

In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

ToolsGroup

FEBRUARY 23, 2023

With ToolsGroup’s suite of planning solutions, the cosmetic company wants to balance inventories and service to make better, smarter and faster decisions within its supply chain network. Belcorp wanted to increase customer satisfaction while boosting profitability and reducing inventory.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Optimal Sourcing 156

Freightos

SEPTEMBER 14, 2022

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Changing Trends in BCO Air Cargo Procurement. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. Signup Now.

Logistics 156

Logistics Cargo Comparison Freight 156

ModusLink Corporation

SEPTEMBER 1, 2023

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Container rates in late July 2023 reached $1323 per TEU, significantly surpassing the late-2019 rates of $1236.87 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

Arena Solutions

MARCH 9, 2023

On May 15 – 18, 2023, professionals across the industrial enterprise will have the opportunity to attend PTC LiveWorx in person at the Boston Convention and Exhibition Center. For a product company, those sources include PLM for product and change information, ERP for inventory and financials, and CRM for customer feedback.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 98

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. While many companies assemble great sourcing and procurement teams when it comes time to renegotiate freight contracts, they often fail to provide good documentation that allows them to negotiate from a position of strength.

Waste Reduction 230

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Logistics Viewpoints

JUNE 20, 2022

The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1). There will be one view of inventory across the entire distributed network.”. This highly automated DC will go live in the second quarter of 2023. There will be no emails or spreadsheets.

Agile and Lean Supply Chain 242

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 242

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 83

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 83

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. That increases the value of the analytics used by the procurement team. Molex Realizes it Needs Better Visibility.

Agile and Lean Supply Chain 227

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 227

Enterra Insights

NOVEMBER 14, 2024

Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. ” • Evaluate and adjust procurement category strategic responsibilities. Another EY analyst suggestion involves procurement. ” Supply Chain Shaman, 7 December 2023. [4]

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning 130

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. This is achieved by AI and ML which delivers more accurate optimised inventory, minimising overproduction and potential errors.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

Logistics Viewpoints

OCTOBER 19, 2023

The issue wasn’t poor planning – they had the inventory. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck. The combinatorial factors disrupting supply chains persist, but in this case the problem was completely preventable.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 263

Synovos

NOVEMBER 10, 2023

This achievement is further heightened, as the criteria for attaining the platinum standard in 2023 are even more rigorous than in previous years. The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement.

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

MORE FROM THIS EDITION h6 The Approach to Effective Freight Procurement LogiSYM Supply Chain Magazine – October 2023 The Evolution of Asset Management: Humans, Inventory and the Rise of AI The Green Corridor: The Circular Journey Managing Inventory amid Regime Change

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162

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 75

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 75

Enterra Insights

AUGUST 15, 2023

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Transforming Inventory Management. Young observes, “[In recent years, retailers have experienced] product shortages and overstuffed inventories in rapidly changing consumer markets.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130