Claritum

MARCH 22, 2021

Whatever your organisation size, a cloud based transactional process solution can help your team to focus on the management and improvement in efficiencies of key areas such as: business assets and resources spend raw materials projects sourcing events RFxs quotes purchase orders suppliers invoices and of course improvements in customer engagement.

Continuous Improvement 41

Continuous Improvement Optimal Sourcing Supply Chain Design Software Resource Reduction 41

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 83

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 83

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 136

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 136

ThroughPut

MAY 24, 2024

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Optimization Software 52

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

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently?

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling 120

Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 188

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 188

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. Now, we must ensure cars continuously run on clean and safe roads.

Supply Chain Software 281

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 281

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

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply Chain Planning Software 98

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

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Overstocking occurs when a business has too much inventory on hand.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

QAD

JUNE 20, 2023

They can collect data on production processes, inventory levels, machine performance and other relevant metrics. Improved Inventory Management With a connected workforce, manufacturers will have better visibility to inventory levels, performance and movements in real-time.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 98

Unleashed

MARCH 15, 2019

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Inventory control strategies. Get automated. Get tracing.

Inventory Reduction 69

Inventory Reduction Inventory Waste Reduction Optimal Sourcing 69

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

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

Stord

MAY 8, 2024

It's important to partner and select the right technology partners that can take on the role of many disparate systems - this will ensure a less complex architecture and a source of truth. Agile practices optimize inventory management , promoting cost efficiency and lean inventories.

Optimal Sourcing 158

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 158

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Logistics Viewpoints

JULY 31, 2023

This multinational operates 280 factories and 500 warehouses, that source raw materials from 52,000 suppliers in over 150 countries, processes 25 million customer orders annually, that are then shipped to customers in over 190 nations. This is a culture of continuous improvement writ large.

Inventory Reduction 185

Inventory Reduction Supply Chain Planning Software North America Material Savings 185

Logility

MAY 3, 2022

Source: Logility, 2022. The solution checks against available stock plus capacity, material availability, alternate sourcing scenarios, and other constraints as needed. Source: Logility, 2022. Here are some key advantages of an automated order promising solution: Improved customer satisfaction. Time and cost savings.

Supply Chain Planning Software 182

Supply Chain Planning Software Optimal Sourcing Forecasting Software Demand Planning Software 182

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

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

SCMDOJO

JUNE 17, 2024

Demand Fluctuations: The dynamic nature of customer needs, often affected by economic conditions, market trends, or seasonal factors, makes inventory management and market forecasting difficult. Maintain an updated risk inventory that includes historical data, current threats, and emerging risks.

Modeling 98

Modeling Supply Chain Planning Software Supply Chain Software Scenario Planning 98

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. In a disruptive environment, these issues are further amplified, affecting resiliency. Alex Zhong is Director of Product Marketing at GEP.

Supply Chain Planning Software 237

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

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

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. What is the role of inventory? Current planning taxonomies do not plan across make, source, and deliver answers bi-directionally.

Supply Chain Planning Software 318

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 318

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Risk Management: By understanding potential risks, procurement can develop contingency plans to ensure a continuous supply of materials.

S&OP 52

S&OP Optimal Sourcing Supply and Demand Material Savings 52

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. For some customers, they manage the inventory using a vendor managed inventory program. But even multi-sourcing is not enough.

Supply Chain Transformation 216

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 216

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

Veridian Solutions

MAY 28, 2019

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? Poor housekeeping.

Inventory Management Software 66

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing 66

Logistics Viewpoints

APRIL 25, 2024

So, the parking spots are getting more and more occupied with drop trailers, meaning lot capacity shrinks while finding the trailer with the highest-priority inventory becomes even harder. Problem number three: appointment scheduling is a mess. For various reasons, many drivers show up unexpectedly and at the same time.

Expense Reduction 262

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

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. establish continuous improvement, and finally, choose the right partner and technology.

Supply Chain Planning Software 190

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

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Jaggaer

OCTOBER 24, 2024

Collaboration in areas such as joint demand forecasting and inventory management can lead to reduced operating costs, minimizing waste and excess inventory. This might involve collaborating on capacity planning, logistics optimization, and exploring new sourcing opportunities that align with your expansion strategy.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. Or at least that’s what we think.

Optimal Sourcing 90

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 90

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