Procurement Academy

SEPTEMBER 26, 2024

On the surface, businesses invest in training programs to improve the skillset of their employees and enhance team performance. However, the effectiveness of these training programs relies on a lot of factors, many of which are overlooked. Well-trained professionals will ultimately make better decisions.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52

Logistics Viewpoints

MARCH 25, 2024

Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. Infor, with anticipated revenues of $3.4 Infor does as well.

Vendor Strategies 254

Vendor Strategies Material Savings Resource Reduction Supply Chain Design Software 254

Enchange Supply Chain Consultancy

JULY 3, 2024

Catalyst Phase Overview The Catalyst Phase is the execution stage where the selected distributor(s) are integrated into your distribution network and the strategies developed during the blueprint phase are put into action. Track metrics such as sales volume, market share, inventory levels, and customer satisfaction.

Inventory Reduction 204

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 204

GlobalTranz

JULY 28, 2021

Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Supply Chain Shaman

SEPTEMBER 22, 2024

His company had just implemented SAP IBP , and he was not a fan. I want to broaden the discussions to focus on policy, strategy, and rules automation, but most groups cannot help themselves. Companies speak about moving from a functional metric focus to managing corporate metrics, but this does not happen.

Cost Reduction Strategies 387

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply Chain Planning Software 387

SCMDOJO

AUGUST 10, 2024

To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Backloading: Optimizing vehicle utilization through backhauling is key to logistical efficiency.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 98

Enterra Insights

JUNE 6, 2023

Supply Chain Planning and Digital Twins Chap Achen , Vice President of Product Strategy & Operations at Nextuple, explains, “A digital twin allows a business decision-maker to test and validate a complete set of strategies and objectives across teams and make smart decisions that improve the customer experience and maximize profitability.”[1]

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

Logility

SEPTEMBER 12, 2024

From retail and food and beverage to manufacturing and life sciences, companies from a wide variety of industries are realizing the benefits of the technology, revolutionizing how they operate, collaborate, and generate value. Retailers are leveraging cloud-based platforms to optimize inventory management and enhance customer engagement.

Supply Chain Planning Software 197

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 197

The Logistics of Logistics

SEPTEMBER 15, 2023

Jonathon McKay , Sarah Ahern , and Joe Lynch discuss how exceptional companies grow. About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. These workshops provide practical insights for organizational success.

Price Reduction 223

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 223

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 98

Logistics Viewpoints

MAY 19, 2022

The trade with Asia we take for granted today was only possible by mitigating a significant supply chain trade-off – reducing costs without appreciable impacts to quality and service. Supply chain optimization has also improved in significant ways that can address these trade-offs better than before.

Optimal Sourcing 256

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 256

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logistics Viewpoints

JULY 30, 2024

For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. Cheap spot rates and rock-bottom contract pricing have been a welcome relief for shippers — albeit brutal for truckers — looking to preserve cash flow and protect margins in what many predict will be a higher-for-longer interest rate environment.

Inventory Reduction 230

Inventory Reduction Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 230

Supply Chain Shaman

FEBRUARY 26, 2024

In today’s training class, we focused on determining the balanced scorecard. Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. How do companies get started?

Modeling 212

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 212

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Companies needed quicker answers with better insights, but current organizational processes are slow, putting supply chains on the back foot. Rationalize global strategies to focus on building markets based on in-market sourcing.

Supply Chain Planning Software 401

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 401

Logistics Viewpoints

OCTOBER 28, 2024

The EY research suggests that at many companies, that opportunity is receding. This is a clear shift from pandemic-era strategies when agility and resilience were priorities. Prepandemic r esearch by the McKinsey Global Institute found that, on average, companies experience a disruption of one to two months in duration every 3.7

Supply Chain Execution 211

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 211

Logistics Bureau

OCTOBER 12, 2024

Equally important, having a holly collaborative working relationship with your own R&D, sales, marketing and operations will help company focus on long term positive outcomes. It is time for us to revisit the role of key performance metrics Having a dozen metrics is probably just as good as having 50 of them in a procurement area.

Cost Reduction Strategies 52

Cost Reduction Strategies Procurement Analytics Optimal Sourcing Procurement 52

Logistics Viewpoints

APRIL 6, 2023

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).

Optimal Sourcing 214

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 214

Supply Chain Shaman

MAY 13, 2024

Background I have worked with hundreds of organizations over the past twenty years as an analyst to help companies on their journey on Sales and Operations Planning. The more that I see, the more that I understand how companies go so wrong so fast. How aligned do you believe your organization is to drive these metrics?

S&OP 366

S&OP Supply and Demand Inventory Reduction Expense Reduction 366

Logistics Viewpoints

JANUARY 17, 2022

When companies consider implementing enterprise software, standard operating procedure would be to look at a public company’s financials before deciding to implement the solution. If the software company is private, the prospective customer often asks for the right to view their financials. The Rule of 40. The problem?

Logistics Network Optimization Software 242

Logistics Network Optimization Software Modeling Software Optimization Software Supply Chain Software 242

RFgen

AUGUST 30, 2024

This article explores comprehensive strategies to revitalize your warehouse workforce, examining various types of warehouse positions and how to make them more appealing, efficient, and rewarding. Providing optimal routes and real-time updates on stock locations can reduce unnecessary movement and increase job satisfaction.

Inventory Reduction 73

Inventory Reduction Cost Reduction Strategies Material Savings Price Mitigation Strategies 73

SCMDOJO

JULY 3, 2023

Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more. trillion parameters.

Optimal Sourcing 224

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 224

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This includes optimizing processes, managing supplier relationships, and ensuring timely and efficient delivery to meet customer demand.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This includes optimizing processes, managing supplier relationships, and ensuring timely and efficient delivery to meet customer demand.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This includes optimizing processes, managing supplier relationships, and ensuring timely and efficient delivery to meet customer demand.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Intelligent Audit

MAY 6, 2021

Transportation network optim ization is a leading goal for supply chains around the globe. technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Work Across Departments in Your Company’s Supply Chain. Industry 4.0 Industry 4.0

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

ToolsGroup

MAY 21, 2024

Companies that cling to outdated, rigid planning methods risk falling behind. Employees must be encouraged to continuously assess situations, make informed decisions rapidly, and pivot strategies as needed. This might include training sessions, workshops, and access to advanced decision-making technologies.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Planning Resource Reduction 156

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 119

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 119

Precoro

MAY 19, 2023

A transparent and well-controlled supply chain plays a crucial role in a company’s success. To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly.

Procurement Analytics 69

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 69

Logistics Viewpoints

JULY 10, 2024

The pandemic brought home the need for companies to run agile and resilient supply chains. SCP is a critical application to help companies achieve better agility. Supply chain agility reflects a company’s ability to respond quickly to surges or plummeting demand. Supply planning engines “optimize” the schedule.

Supply Chain Planning Software 262

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 262

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Efficiently managing these processes is vital for companies to meet customer demands, minimize costs, and maintain a competitive edge. With its ability to derive insights from vast amounts of data and derive insights, generative AI has emerged as a valuable tool to optimize supply chain operations. Generative AI is all about scale.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

Logistics Viewpoints

AUGUST 7, 2023

The company made a bold decision to implement the Kinaxis Rapid Response advanced supply chain planning (SCP) solution with its AI-based technology platform. Many companies have negative impacts on customer service levels during the first five months of implementing an advanced supply planning solution, Mr. Bennett explained.

Supply Chain Planning Software 186

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 186

GlobalTranz

OCTOBER 2, 2017

Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

Precoro

DECEMBER 11, 2023

The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market. To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing.

Negotiating Skills 85

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 85