SYSPRO Smarter ERP

JULY 17, 2023

The new AI revolution presents a great opportunity for manufacturers to retain their staff and attract younger employees by providing new skills for the future world of business where the role of AI will play a greater part. The impact of AI on manufacturing is that the skills used will be more advanced.

Manufacturing Procurement 98

Manufacturing Procurement Buyer Training Prescriptive Analytics Software Supply Chain Design Software 98

ToolsGroup

APRIL 20, 2022

Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. Source: Fortune. #3: Source: Fortune. Step away from the spreadsheets.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

Procurement Academy

OCTOBER 19, 2023

As a result, training on how to navigate these complexities is a must. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence. The disadvantage of this sourcing strategy is risk concentration.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

Procurement Academy

JUNE 26, 2024

Finding skilled professionals to manage complex marketplace networks is a challenge Skill Dynamics often see in businesses we speak to. Because of this, the demand for skilled supply chain professionals is skyrocketing. The global supply chain management market size is projected to hit around USD 72.1 billion by 2032.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Skills Buyer Training 52

SCMDOJO

OCTOBER 30, 2024

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs.

Supply Chain Planning Software 92

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 92

SCMDOJO

JANUARY 31, 2024

As companies increasingly recognize the importance of optimizing their supply chains, the demand for skilled professionals in this field is on the rise. These factors include education, certifications, additional skills, and the number of years you have spent in your profession.

Supply Chain Design Software 98

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 98

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. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

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

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Grab yours now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Subscribe Here!

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Logistics Viewpoints

MAY 25, 2023

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 261

Precoro

JUNE 17, 2024

Financial risks can affect both buyers and suppliers and impose significant financial restraints on the entire supply chain. For instance, a sudden depreciation of the buyer's currency can cause a sudden price shift and increase the cost of imported goods. Negotiate long-term contracts. Diversify the sources of financing.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 89

SCMDOJO

JUNE 28, 2024

The growing number of women in supply chain roles is a testament to their skills, expertise, and determination. Growing Demand and Career Advancement: Thriving Industry: The supply chain is a dynamic and rapidly growing field with increasing demand for skilled professionals.

Negotiating Skills 93

Negotiating Skills Optimal Sourcing Purchasing Skills Supply Chain Design Software 93

Logistics Viewpoints

AUGUST 7, 2023

The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. Companies typically expect that inventory levels will drop and service levels improve at the end of the first month. Implementing supply planning solutions is hard.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 189

Jaggaer

OCTOBER 24, 2024

Moreover, driving suppliers to the brink of financial instability can lead to supply disruptions, ultimately increasing costs as buyers scramble to find alternative sources. By consolidating orders from various departments or facilities, companies can leverage economies of scale, thereby negotiating better pricing from suppliers.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Go to the source.

Supply and Demand 388

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 388

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Sourcing agents are an effective way of finding the most suitable supplier.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Procurement Academy

JANUARY 25, 2021

Employees who are well informed and have access to training materials are typically happier and perform better when required. Their skills and knowledge are an important concern. Retail is the newest venture of Skill Dynamics. The expert training team has experience of working with the world’s biggest retail companies.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Order our EBOOK HERE. A Process Based Approach.

Inventory Reduction 90

Inventory Reduction Optimal Sourcing Pricing Training Inventory 90

Procurement Academy

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. Environmentally friendly practices, such as ethical sourcing or moving towards net zero, are now not just preferred but expected.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 63

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 63

RFgen

NOVEMBER 20, 2024

Think about it: How much time is wasted hunting down misplaced inventory? These include: Barcode Scanning Devices: These handheld devices, equipped with integrated inventory management apps, enable real-time tracking and data entry. Think real-time inventory visibility across all your locations.

Inventory Reduction 80

Inventory Reduction Inventory Management Software Waste Reduction Cost Reduction Strategies 80

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. This B2B inventory management guide breaks down those challenges and outlines the core benefits and key features to look for in reliable B2B software. What is B2B inventory?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

ToolsGroup

AUGUST 8, 2019

The planner’s role has expanded to include a combination of technical skills and communications and interpersonal skills. A recent, typical job ad for a demand planner lists technical criteria including APICS and Six Sigma certification, alongside “negotiation, communications, and presentation skills”. .

Negotiating Skills 185

Negotiating Skills Supply Chain Planning Software Supply Chain Software Modeling 185

Logistics Bureau

OCTOBER 11, 2024

It all depends on an organisation’s maturity in skill, infrastructure and culture. What skill sets are required for the next generation of procurement leaders? Such a cultural change in turn encourages managers and employees to actively take part in the procurement activities with clear guidelines.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

Logistics Viewpoints

FEBRUARY 2, 2023

Maximize Revenues and Efficiency with Automated Billing An automated billing solution benefits both customer and 3PL alike, in that it captures all billable activities performed by the 3PL, while accurately reporting charges at the rates and conditions associated with each customer’s specific negotiated contract.

Supply Chain Planning Software 229

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 229

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

The Logistics & Supply Chain Management Society

JULY 21, 2020

She will also illustrate the necessity for change management and redefining the roles and the skills of supply chain talents as a key driver for success. This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Agile and Lean Supply Chain 233

SCMDOJO

MAY 7, 2024

For example, one production company mapped their second tier of suppliers and realized that all of their strategic suppliers for a particular direct material sourced some components from a single production site, making them dependent on one source. Like a vigilant guardian, you closely monitor your supply chains.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Visibility Real-time Visibility Supply Chain Design Software 98

Precoro

JULY 16, 2023

In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases. By tracking the cost savings, the purchasing manager can determine how effectively they are negotiating with suppliers and planning the logistics.

Pricing Training 72

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 72

Logility

JULY 25, 2024

Visualize the following supply chain scenario: data on forecasting are confined to spreadsheets, updates on transportation are trapped in emails, and inventory levels are locked in databases. Based on assessments of skill sets and knowledge gaps, develop comprehensive training and education programs.

Supply Chain Planning Software 190

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 190

Supply Chain Network

MAY 15, 2012

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone?

Purchasing Skills 97

Purchasing Skills Sourcing Strategies Optimal Sourcing Procurement Solutions 97

ShipBob

AUGUST 23, 2023

Inventory is an important asset. And since ecommerce businesses deal with different types of inventory on a daily basis, it’s important that you understand all of them well. In this article, we demystify the main types of inventory, as well as ecommerce-specific inventory.

Inventory Management Software 52

Inventory Management Software Modeling Software Optimization Software Predictive Analytics Software 52

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Eight core competencies stand out, encompassing crucial aspects of SCM.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 98

AIMMS

FEBRUARY 13, 2018

Source: CSCMP. Liberty Global , the world’s largest TV and broadband company, integrated advanced analytics into their S&OP to improve inventory rotation times and demand accuracy. Invest in training and skills transfer . Invest in training for team members that demonstrate an affinity for the field.

Analytics Software 250

Analytics Software Predictive Analytics Network Optimization Software Optimal Sourcing 250

Alloy

FEBRUARY 3, 2021

When orders exceed inventory available in your warehouses, you’re faced with tricky allocation decisions to maximize sales and keep customers happy. When demand spikes, it’s particularly important to send your inventory to locations with the greatest sales velocity. Prioritize orders that will mitigate the most lost sales.

Buyer Training 90

Buyer Training Negotiating Skills Data Forecasting 90