Logistics Viewpoints

APRIL 25, 2024

Not only will this help optimize operations, but it will allow for performance to be benchmarked across sites, helping drive continuous improvement and the sharing of best practices. Create a facilities “Center of Excellence.” Digitize the periphery of the yard.

Expense Reduction 262

Expense Reduction Cost Reduction Strategies Supply Chain Design Software Inventory Reduction 262

Logility

SEPTEMBER 24, 2013

You’ll note in the headline I use the preposition “of” instead of “to” when describing the “journey of Supply Chain Excellence.” The differentiator is whether Supply Chain Excellence is defined as a one-time project or as on ongoing process. Circuit City failed to adapt and is now history.

Eliminating Excel in Purchasing 100

Eliminating Excel in Purchasing Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 100

Supply Chain Matters

APRIL 28, 2023

Supply Chain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment. Refocusing on Operational Excellence In the previous section, we identified a number of drivers for operational efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

QAD

MAY 28, 2024

Getting Transformation Buy-in From the Executive Team From the outset, TS Tech recognized the importance of securing executive management commitment—a critical foundation for any transformative endeavor. However, achieving buy-in from the entire team required more than just managerial support.

Supply Chain Software 96

Supply Chain Software Optimization Software Eliminating Excel in Purchasing Purchasing Training 96

SCMDOJO

DECEMBER 14, 2023

But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.

Purchasing Skills 104

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 104

Supply Chain Shaman

SEPTEMBER 24, 2018

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Logistics Viewpoints

APRIL 14, 2022

Furthermore, it should leverage advanced AI and analytics combined with a configurable platform to ensure tight communication, information sharing and continuously improved collaboration with multiple tiers of suppliers, logistics providers and partners.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 237

Freightos

AUGUST 10, 2024

The system learns from these interactions, continuously improving its responses. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 229

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 229

ToolsGroup

SEPTEMBER 22, 2021

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. Gartner 2021 Women in Supply Chain Survey Shows Resilience, Improvement in Representation. Published 27 May 2021.

Supply Chain Planning Software 177

Supply Chain Planning Software Gartner Supply Chain Software Agile and Lean Supply Chain 177

The Logistics of Logistics

OCTOBER 23, 2023

Stephanie is the Senior Vice President of Operations Excellence and Collaborative Innovation at Pitney Bowes , a global shipping and mailing company that provides technology, logistics, and financial services to help clients simplify the complexities of sending parcels and mail. It serves more than 90% of the Fortune 500.

Logistics Network Optimization Software 254

Logistics Network Optimization Software Innovation Logistics Optimization Software 254

Supply Chain Shaman

JULY 25, 2021

Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. The average multinational has over a thousand continuous improvement programs. Supply chain leaders love fads.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Freightos

JULY 31, 2024

The system learns from these interactions, continuously improving its responses. ERP System Decision Making: Integrating AI into ERP systems could automate purchasing decisions based on real-time data on shipping rates and capacity.

Logistics Network Optimization Software 160

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling Software 160

GlobalTranz

JANUARY 9, 2019

Editor’s Note: This article is from Steve Bettwy , Vice President – Quality and Business Continuity, Operational Excellence, and Continuous Improvement at Direct Supply. Today, for example, Amazon pre-loads un-purchased products onto a truck knowing they will be ordered by the time the truck reaches an area.

Purchasing Training 187

Purchasing Training Price Mitigation Strategies Training Freight 187

Precoro

JULY 15, 2024

The CPO leads the company's acquisition programs and ensures that they are purchasing goods and contracting services on time and in a cost efficient way. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 89

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 89

SCMDOJO

APRIL 20, 2023

As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck. Additionally, procurement managers must stay up-to-date on industry trends and best practices in order to make informed purchasing decisions.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 116

Talking Logistics

SEPTEMBER 13, 2016

To build more powerful relationships, extending across a critical mass of trading partners, companies need to utilize a robust platform like a supply chain operating network, which leads to increased visibility for continuous improvements in company performance, agility, and differentiation.

Real-time Visibility 100

Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software Inventory Reduction 100

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. It was called, “ The Short List ”.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%). Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. They are primarily focused on cost management on new purchase decisions. By and large, they struggle to gain cross-functional alignment on process redesign to improve outcomes.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

QAD

SEPTEMBER 8, 2022

I wrote an Excel macro to replace the stopwatch, showed up at 5:00 am to be part of the team (we had a video camera, this was not necessary), and implemented a time-neutral suggestion of hers along with my optimization. Make a visible effort to collect suggestions once a week for continuous improvement , and roll them out regularly.

Supply Chain Design Software 98

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

Supply Chain Shaman

SEPTEMBER 13, 2016

It is clear that new outcomes cannot happen through a focus on traditional continuous improvement programs. As shown in Figure 1, the biggest obstacles to power improvement/performance are traditional supply chain thinking, the lack of organizational alignment and a focus on functional excellence. 4) Network of Networks.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Silvon Software

APRIL 18, 2024

These tools enable organizations to quickly turn insights into actions with strong stakeholder buy-in while accelerating the execution of strategies across the business and the attainment of an organizations’ objectives. Cost Optimization Analytics can uncover inefficiencies in spending and allocate resources more effectively.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SCMDOJO

MARCH 19, 2024

This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. Furthermore, They are tasked with developing strategies, managing relationships with suppliers and partners, and continuously improving the supply chain. Ensure timely delivery of goods and minimize procurement costs.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. At the Supply Chain insights Global Summit , Nick shared his story on driving demand-based improvements. Nick strongly believes that it is insufficient to drive supply chain improvement through incrementalism.

Demand Planning Software 256

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 256

SCMDOJO

FEBRUARY 20, 2023

This involves understanding customer buying behaviour trends, seasonal variations, production schedules, and more. Implement Logistics KPIs Identifying and tracking key performance indicators (KPIs) is essential for improving distribution operations. Logistics KPI Dashboard Excel Template 4.

Inventory Reduction 119

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

Arena Solutions

JUNE 18, 2024

Inventory management – By analyzing historical data and buying trends, companies can predict future demand and accurately forecast inventory levels. This structured and expansive dataset enables organizations to see the big picture throughout the entire product lifecycle, better identify issues, and drive continuous improvement.

Analytics Software 67

Analytics Software Optimal Sourcing Optimization Software Inventory Management Software 67

Procurement Academy

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Before beginning, set clear procurement objectives, focusing on areas such as cost reduction, quality improvement, fostering innovation and risk management.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

Unleashed

FEBRUARY 26, 2024

Continuous improvement : Implementing a culture of continuous improvement enables you to identify inefficiencies and implement best practices for managing warehouse inventory. They come in many shapes and sizes, so let’s explore some of the more common ones.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

GlobalTranz

FEBRUARY 16, 2016

An excellent Warehouse Management System (WMS) can help reduce costs by automating cycle counting, and maintaining location control. Create a consortium of buyers (a client and several of their suppliers) to buy needed logistics supplies (i.e. transportation fuel) at a reduced cost that comes with buying in greater quantities.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

SCMDOJO

AUGUST 15, 2024

Retailers can segment their customer base and tailor messages based on purchasing behavior, preferences, and previous interactions. Consumers today are increasingly seeking transparency regarding the products they purchase. Email hosting solutions can enhance customer interactions by enabling personalized communication strategies.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Software Analytics Software Forecasting Software 98

Locus

JUNE 24, 2024

Additionally, Locus’ commitment to innovation and continuous improvement ensures that their solutions evolve with the ever-changing demands of the retail industry. Locus is continually developing and enhancing its platform to address emerging challenges and meet the evolving needs of its clients.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Design Software Analytics Software Optimization Software 52

Supply Chain Shaman

MARCH 3, 2018

.” He continued, “Great mass marketing used be our differentiator, but now the barriers to entry have changed. Through digital marketing, small brands are cropping up all over, and it is sentiment analysis and digital content driving purchases. Their focus is on continuous improvement of current processes.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

Supply Chain Shaman

JANUARY 28, 2015

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Talking Logistics

FEBRUARY 24, 2015

For example, a 3PL can combine the freight of 30, 40 or 50 clients to give shippers far more buying power than they would command “going it alone” in these trying times. Commitment to continuous improvement, not just short-term savings: Transportation optimization is more than moving freight for the lowest cost. Excellence ?

Transportation Management 100

Transportation Management Optimal Sourcing Logistics Network Optimization Software Sourcing Strategies 100

NC State SCRC

MAY 4, 2022

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Whatever you want to call it, Price Analysis is an activity that is well worth conducting.

Purchasing Skills 59

Purchasing Skills Analysis Optimal Sourcing Procurement Solutions 59

ShipBob

JANUARY 29, 2024

Why your business needs accurate order management The order management cycle How to streamline order management with ShipBob ShipBob builds next-level order management processes Order management FAQs Once a customer clicks the “Buy” button, their order’s journey begins. Rainbow OPTX has grown by 115% and increased their order volume 2.5x

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 98

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. How easy is it to buy from your company? Bio-engineering? Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150