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 blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

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 blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

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. As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

Claritum

MARCH 22, 2021

Providing, or integrating, everything from quoting, sales, customer service and invoicing, through to accounting, inventory, supply chain management and payment, and everything in between. Automation and workflows can now be configured and modified to support continuous improvement for individual stakeholders.

Continuous Improvement 41

Continuous Improvement Optimal Sourcing Supply Chain Design Software Resource Reduction 41

SYSPRO Smarter ERP

JUNE 6, 2022

In today’s business world, the success of a firm depends not only on its sales but also on the ability to manage its supply network and ensure it has the inventory it needs to deliver customer orders. Since 2000, businesses have implemented programs such as just-in-time (JIT) inventory and lean operations to improve profitability.

Inventory Reduction 119

Inventory Reduction Optimal Sourcing Inventory Modeling 119

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Transportation modes used in procurement and shipping. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. But the possibilities for continuously improving.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

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

EC Sourcing Group

JULY 20, 2023

The energy sector faces several unique procurement challenges, such as complex supply chains, volatile commodity prices, strict regulatory requirements, and the need for sustainable and socially responsible sourcing. Cost Optimization : Commodity prices in the energy sector can be highly volatile.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Forecasting Software 52

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

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125

Logistics Viewpoints

APRIL 14, 2022

Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 237

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

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

SCMDOJO

APRIL 29, 2024

It encompasses activities such as procurement, supplier selection, and evaluation. Warehousing: Warehousing involves the storage and management of inventory. It also involves inventory management, order fulfillment, and monitoring stock levels. Production: This stage involves transforming raw materials into finished products.

Supply Chain Planning Software 98

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

TrackVia

MAY 25, 2023

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Check out how UC San Diego improved their inventory and asset management processes. An agile supply chain can address erratic demands and help the bottom line.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 52

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 105

Supply Chain Game Changer

NOVEMBER 22, 2018

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 68

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 68

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. But as supply chains continue to get more complex each year, delivering on target and on time becomes more difficult. That’s why most inventory handlers leverage data.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

QAD

OCTOBER 15, 2024

In today’s rapidly evolving manufacturing landscape, achieving operational excellence requires more than simply hitting production targets or managing inventory levels. This collaborative approach not only boosts productivity but also fosters a culture of continuous improvement.

Optimal Sourcing 52

Optimal Sourcing Forecasting Scenario Planning Manufacturing Procurement 52

ToolsGroup

JUNE 18, 2024

By optimizing inventory levels based on real-time demand data, organizations can reduce carrying costs and minimize stockouts. By setting specific targets, such as reducing lead times or improving order fulfillment rates, organizations can track their performance and adjust strategies in real time to stay on course.

Optimal Sourcing 177

Optimal Sourcing Supply Chain Planning Software Price Mitigation Strategies Optimization Software 177

Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. But this can only be fully realized with the help of cutting-edge procurement software solutions.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

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 80

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 80

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. Fresh, easy to digest format.

Supply Chain Design Software 116

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 116

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Battle of the Forms: Will You Win, Lose or Draw? Naturally, a supplier relations conflict exists.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

SCMDOJO

MAY 2, 2024

Reduce Costs: By effectively managing disruptions and minimizing their impact, organizations can avoid costly downtime, production delays, and inventory shortages. Improve Efficiency: Flexibility, adaptability, and robustness characterize a resilient supply chain. A resilient supply chain can: 1. She holds a degree of MBA and MCIPS.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 98

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Continuous improvement initiatives driven by data analytics and feedback mechanisms.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

SCMDOJO

MAY 2, 2024

Reduce Costs: By effectively managing disruptions and minimizing their impact, organizations can avoid costly downtime, production delays, and inventory shortages. Improve Efficiency: Flexibility, adaptability, and robustness characterize a resilient supply chain. A resilient supply chain can: 1. She holds a degree of MBA and MCIPS.

Optimal Sourcing 93

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 93

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

Procurement Academy

SEPTEMBER 26, 2024

So you’ve invested in your workforce, you’ve introduced training and development plans , but now you want to know exactly how effective these initiatives really are… Training and development is so important in the modern supply chain and procurement industry, but being able to measure and show the results of it is just as vital.

Buyer Training 52

Buyer Training Price Mitigation Strategies Purchasing Training Training 52

The Logistics of Logistics

MAY 26, 2023

Committed to environmental and social responsibility, ALOM manages the physical supply chain from procurement, inventory management, contract assembly, digital media and print, to omni-channel fulfillment and returns.

Supply Chain Design Software 208

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 208

GlobalTranz

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Understand Data Integrity to Reduce Inventory Costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

synchrono

JANUARY 8, 2018

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. If they could get their suppliers to maintain ownership of raw materials or subcontracted components until consumed, inventory levels would naturally drop—on paper anyway.

Vendor Strategies 75

Vendor Strategies Inventory Reduction Inventory Manufacturing Procurement 75

SYSPRO Smarter ERP

JULY 19, 2022

Since its beginnings as the Toyota production system, lean manufacturing has impacted the way industries produce goods and when implemented correctly it will deliver desirable benefits like improved quality, lead times and productivity. An ERP system can provide automated reordering and inventory management. What is lean manufacturing?

Manufacturing Procurement 105

Manufacturing Procurement Agile and Lean Supply Chain Lean Waste Reduction 105