Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. Goods available to be purchased on backorder can mean the difference between a lost sale and a satisfied customer. The inability to purchase out-of-stock goods will usually send a customer elsewhere.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Logistics Bureau

APRIL 4, 2022

It simply means checking your company’s rates paid for freight transportation against those borne by its peers in the same or similar industries and shipping scenarios. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Benchmarking 69

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 69

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. The questions that are most often asked are: What metrics should I use? Where do I begin?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 72

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 72

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. Ordering and purchasing the required materials from suppliers at the right time and quantity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Arena Solutions

OCTOBER 12, 2023

1 This year’s medical device industry is projected to grow from $536.12 However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. A QMS typically aligns with your product lifecycle management (PLM) solution and your product innovation goals.

Quality 111

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 111

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. I use a method I call managing for daily improvement or MDI. How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Logistics Viewpoints

NOVEMBER 23, 2020

Further complicating their supply chain is the fact that they operate in a heavily regulated industry. We could not manage our business with that tool,” Mr. Stephens realized. Ipsen purchased the RapidResponse supply chain planning product from Kinaxis. The solution also promotes collaboration.

Customer Service 193

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 193

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

APRIL 6, 2022

Here we look at the aims and optimal outcomes of lean operations through the lens of these 13 core principles – and give you insights into how digital tools like manufacturing inventory software can support your business’ use of these methods. This can achieved with the five ‘S’s, which are: Seiri / sort.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

SCMDOJO

MAY 30, 2024

Supply Chain Department – A Typical Structure Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities The Purpose of the Logistics Department Structure A well-structured logistics department is essential for any organization that deals with product movement and delivery.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

SCMDOJO

JUNE 6, 2023

When businesses align production and procurement schedules with demand, they optimize their supply chain processes. SCMDOJO’s Inventory Optimization Tool will save you 30 hrs of time if you do it yourself to get all the proper recommendations. It does this by identifying seasonal trends and demand patterns.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

crisp

SEPTEMBER 6, 2023

Environmental Protection Agency (EPA) mandated annual greenhouse gas emissions (GHG) reporting for organizations emitting over 25,000 metric tons of GHGs per year, and those in specific industries like vehicle manufacturing and industrial gas. Example: The tea company purchases a new truck and factory.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

Talking Logistics

APRIL 27, 2016

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Improve lead times and performance. Augment and Set Visibility Tools In Place.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 100

Unleashed

FEBRUARY 21, 2024

If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. However, that same year, software company Steam announced a new open refunds policy and it was immediately abused by online users.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

GlobalTranz

DECEMBER 29, 2014

In fact, Cerasis performs reverse logistics every day with our customers, but you won’t find a formal page on our website or brochure outlining the details (but as we continue to increase in the automotive aftermarket industry, perhaps we should….). Use them to continuously improve your organization. Read the Full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Talking Logistics

JUNE 2, 2016

This industry intelligence combined with the ability to quickly and effectively fill gaps, is what maintains a seamless and high-performing operation – making 3PL assistance critical for capturing maximum divesture value, from day one. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

Supply Chain Shaman

JUNE 9, 2016

Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of Supply Chain Operating Networks for the chemical industry. Is the announcement good for the industry? In this period the concept of trading exchanges were largely overhyped and the solutions under-delivered.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

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 79

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 79

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

MARCH 15, 2016

The company is a B2B Supply Chain Operating Network supporting the automotive and aerospace industries. In our research, discrete industries–aerospace, automotive, hi-tech, and semiconductor– rate themselves as performing better, being more proactive, and having greater alignment. State of Industries. Good at email?

Supply Chain Software 150

Supply Chain Software Supply Chain Network Software Manufacturing Procurement Supply Chain Planning Software 150

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. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 104

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 104

RFgen

JUNE 20, 2013

Equipping your teams with supply chain mobility software is essential succeed in the 21st century. Prior to the pandemic, widespread changes were occurring – from the rise of mobile inventory solutions to robots in warehouse automation. COVID-19 doesn’t rule out these solutions. Important Supply Chain Metrics.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Optimization Software Price Mitigation Strategies 52

RFgen

JUNE 20, 2013

Equipping your teams with supply chain mobility software is essential succeed in the 21st century. Prior to the pandemic, widespread changes were occurring – from the rise of mobile inventory solutions to robots in warehouse automation. COVID-19 doesn’t rule out these solutions. Important Supply Chain Metrics.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Optimization Software Price Mitigation Strategies 52

GlobalTranz

MARCH 7, 2016

As the supply chain grows increasingly focused on meeting the demands of an increasingly data-driven and customizable world for consumers and business to business partners, the need for continual improvement and better visibility will continue to drive analysis of available supply chain analytics.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Supply Chain Shaman

FEBRUARY 25, 2016

The SCOR model defines functional improvements, but falls short in defining cross-functional supply chain transformation. The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. The CIO budget is hamstrung with system upgrades and software license payments.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Other factors-such as poor tooling and equipment as well as basic communication challenges-can contribute to poor quality.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

SCMDOJO

AUGUST 15, 2024

Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing. Dedicated email hosting services often provide tools for group discussions or project management, which can further enhance collaborative efforts.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Software Analytics Software Forecasting Software 82

ivalua

AUGUST 1, 2022

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . or a contractual relationship.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. It goes beyond traditional automation by encompassing a wider array of processes and focusing on both the effectiveness and the continual improvement of workflows.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Talking Logistics

JUNE 22, 2015

Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) jointly proposed standards for medium- and heavy-duty vehicles that would improve fuel efficiency and cut carbon emissions. billion barrels over the lifetime of the vehicles sold under the program.

Vendor Strategies 100

Vendor Strategies Cost Reduction Strategies Price Reduction Procurement Analytics 100

GlobalTranz

OCTOBER 27, 2015

The effect of any communications effort with this may be difficult to measure unless specific measurement tools are put in place upfront. Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Evidence may be just as useful in situations like this.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

TrackVia

AUGUST 17, 2023

In an enterprise company, tangible assets can include office equipment, machinery, vehicles, and buildings, while intangible assets can include intellectual property, patents, and software licenses. Regulatory Compliance: In certain industries, regulatory compliance requires accurate documentation of assets.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98