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.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

Supply Chain Shaman

APRIL 27, 2022

Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. Supply chain excellence was largely defined as manufacturing excellence.

Procurement Analytics 353

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 353

Supply Chain Shaman

NOVEMBER 9, 2014

Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. I was proud of my record, and shared it with Deborah. I was wrong.

Manufacturing Procurement 287

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 287

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Other critical functions include order management, manufacturing, and product development. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 325

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Supply Chain Shaman

JUNE 3, 2013

It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The stories border on the ridiculous.

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 264

SCMDOJO

MARCH 24, 2025

This negative variance can result from bypassing defined procurement processes, Internal mismanagement, or ineffective price negotiations with suppliers. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

Logistics Viewpoints

MARCH 21, 2021

AGCO is an agricultural equipment manufacturer. When a supply chain disruption occurs, it is not uncommon for complex equipment and automotive manufacturers to have different plants in their company fight each other for the same components. AGCO Logistics Team Accepts Prestigious Supply Chain Award. Talent matters more than ever.

Supply Chain Design Software 317

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling 317

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Also, it bridged the divide between manufacturing operations and service (logistics) operations, explains Springer Link. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

JUNE 16, 2014

They also enable the evaluation of networks for both sales and procurement relationships to optimize the flows upstream and downstream. The greatest gap is in the design of supplier and manufacturing networks. And, in our Digital Manufacturing Study. These technologies are applicable to solve many problems.

Supply Chain Design Software 288

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 288

Logistics Viewpoints

AUGUST 9, 2022

What’s in manufacturing? Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs. Complete visibility into inventory. Better inventory management requires visibility at a granular level, down to individual orders and SKUs. And it requires visibility everywhere.

Inventory Management Software 261

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 261

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108

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

FEBRUARY 28, 2022

Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But very few vendors are taking those alerts and automatically feeding them into their manufacturing planning solutions.

Optimal Sourcing 354

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 354

ToolsGroup

DECEMBER 17, 2020

We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production lines around the world. These disconnections can seriously hurt manufacturers and retailers in today’s online, service-driven economy where consumer expectations are defined by the Amazon experience.

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

Supply Chain Shaman

DECEMBER 12, 2024

What is the state of readiness of your third-party logistics and contract manufacturers? For example, I recently interviewed someone in procurement who is working on SCOPE 3 emissions and tariff readiness. Procurement was operating in isolation from supply chain. This course is limited to retailers and manufacturers.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 195

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Identify the RM and manufacturing process for each sub part.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

Logistics Viewpoints

JANUARY 23, 2024

Joule can analyze the sustainability practices of suppliers and manufacturers that a retailer partners with. This process creates transparency across the entire supply chain, including manufacturers, suppliers, and facilities. For the end consumer, it creates a snapshot of traceability from procurement to delivery.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 298

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

QAD

MARCH 5, 2020

I think that many companies, especially in the manufacturing world, have come to mistake the “blind task” or “haircut” cost-cutting approach for transformation. Unfortunately, many companies involved in M&A simply hand down a benchmark driven task. A Transformational ERP Project.

Vendor Strategies 145

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 145

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

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 are its advantages and disadvantages?

Inventory Management Software 97

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

Supply Chain Shaman

AUGUST 12, 2020

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. The reason? Ahold), L’Oréal S.A,

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

The Network Effect

OCTOBER 26, 2015

So far, we’ve covered order promising and delivery , replenishment planning and distribution services , supply chain benchmarking , orchestration , and harmonization. . The new technology architecture supports the entire procure-to-pay process in a multi-party, multi-echelon network.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Scenario Planning Supply Chain Planning 100

SCMDOJO

APRIL 3, 2022

Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 141

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 141

SCMDOJO

FEBRUARY 15, 2025

Improve collaboration between suppliers, manufacturers, and logistics partners. Tips to Improve Collaboration and Communication Across the Supply Chain Strengthen Cross-Departmental Coordination Supply chain operations involve multiple departments, including procurement, logistics, finance, and sales.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

Logility

DECEMBER 15, 2023

Demand-based manufacturing In some supply chains, manufacturing facilities operate independently. The optimal approach to manufacturing planning is leveraging demand, inventory, and replenishment plans to synchronize how much product should be produced to minimize cost while meeting customer service goals.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 174

Unleashed

JUNE 8, 2020

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020. 4 important KPIs for manufacturers.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

Supply Chain Opz

JULY 31, 2012

While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. Introductory Guide to Spend Analysis. Cost reduction has always been the number one priority for a company. Discussion.

Price Reduction 100

Price Reduction Cost Reduction Strategies Expense Reduction Analysis 100

Logility

AUGUST 4, 2023

Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. KPIs help you benchmark whether you’re achieving the outcomes that equal value success. KPIs also help you understand your starting point, so you can see where progress is happening down the road.

Supply Chain Planning Software 206

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 206

Logility

AUGUST 25, 2020

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. KPIs that show performance relative to industry benchmarks and peer performance are usually strategic KPIs that may be assessed monthly or quarterly. First contact resolutions.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Cathy Roberson

FEBRUARY 13, 2025

DeliverDirect serves various industries, including retail, pharmaceuticals, manufacturing, and related sectors, and it utilizes a network of alternative carriers for the last-mile delivery. .” The service is available nationwide for small parcel shippers with goods weighing up to 25 pounds.

Cargo 64

Cargo Logistics Network Optimization Software Modeling Software Supply Chain Network Software 64

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. Examples include human resources or IT departments, manufacturing plants, or project teams.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105