Supply Chain Shaman

FEBRUARY 1, 2024

I see a preponderance of reports and white papers that have lots of pages but say little. Over the course of the last decade, his story is the same. Optimization engines to improve functional metric performance resulted in an exploding number of planners. days to receive a purchase order confirmation. Back to John.

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

Supply Chain Shaman

JANUARY 9, 2024

As an old gal, with over forty-years of supply chain experience, writing this report for ten years taught me many lessons. I find in the orbit chart analysis that 45% of companies in the report are unconsciously incompetent. The group’s response is, “Are these supply chain metrics?” I admit it.

Supply Chain Planning Software 299

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 299

Supply Chain Game Changer

MARCH 14, 2022

If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses. It’s hard to nail down just five of the best Supply Chain Management courses online because there are so many great options. They begin with an idea.

Course 115

Course Supply Chain Planning Software Agile and Lean Supply Chain Vendor Strategies 115

Logistics Viewpoints

MAY 19, 2022

Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. Fusing analytical approaches improves the math behind optimization, but to avoid highly-efficient silos it should be paired with concurrent planning.

Optimal Sourcing 266

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 266

GlobalTranz

FEBRUARY 23, 2018

If a consumer wants to view a product on a smart device while in-store, they are 20-percent more likely to complete the purchase. It is the standard way consumers interact with retailers, so companies must turn their attention to how they can convert shoppers into final purchases. It is just shopping. Omnichannel is shopping.

Omnichannel 163

Omnichannel Course Supply Chain Design Software Supply Chain Planning Software 163

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 80

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 80

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole.

Procurement Solutions 81

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 81

Supply Chain Shaman

JULY 1, 2014

Over the course of the last two decades, we have seen two evolutions of Supply Chain Planning (SCP) software. And SRM functionality, while automating indirect procurement, did not address the larger needs to automate direct material purchasing for a manufacturer.) The curtain is rising on the third act of supply chain planning.

Supply Chain Design Software 318

Supply Chain Design Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 318

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

ToolsGroup

MAY 11, 2022

Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supply chain threats but lack people to make transformation succeed. Download the complete report: Digital Supply Chain Planning Outlook 2022 ?. Our findings reveal increasing investments in software, automation and people.”.

Purchasing Skills 295

Purchasing Skills Buyer Training Supply Chain Software Supply Chain Planning Software 295

Enterra Insights

APRIL 2, 2024

The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. Journalist Chris Gorrie reports, “Walmart’s heavy reliance on self-checkout has necessitated the deployment of workers as makeshift security personnel, actively monitoring customers for potential theft.”[2]

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. It was also the preference of the consulting partners because the projects were longer, more costly and better aligned with the consulting model.

Supply Chain Planning Software 312

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 312

GlobalTranz

FEBRUARY 25, 2021

This is where the value of data-driven retail reverse logistics analytics and management comes into play. Understanding the dynamics behind how, when, and why customers return items is essential to understanding purchasing behavior and improving the overall experience. Faster time to resolution for returned items.

Reverse Logistics 253

Reverse Logistics Expense Reduction Inventory Reduction Supply Chain Strategy 253

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 73

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 73

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 90

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 90

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Clearly, the IoT has caught on much faster than experts could have hypothesized.

Manufacturing Procurement 120

Manufacturing Procurement Predictive Analytics Procurement Analytics Predictive Analytics Software 120

Logistics Viewpoints

FEBRUARY 2, 2024

cities over the course of the year, bringing the total number to 110. In some cases, shoppers can send back different items than the ones they bought, return stolen items or claim a purchase never got delivered when it really did. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5

Cost Reduction Strategies 271

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 271

SCMDOJO

OCTOBER 23, 2024

With numerous platforms offering online courses, including edX supply chain courses and SCMDOJO academy , it can be challenging to choose the one that best fits your needs, especially when it comes to specialized fields like supply chain management. A general platform covering various subjects, including supply chain.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Course Supply Chain Software 70

Supply Chain Shaman

SEPTEMBER 10, 2020

Over the course of three decades, companies invested in enterprise systems to improve functional efficiency. Demand latency is the time from channel purchase to order receipt.) Underneath the technology market in advanced analytics is the move from planning to decision support. Rising Complexity.

Supply Chain Planning Software 409

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 409

GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

Logility

AUGUST 14, 2023

Transactional and customer-facing data, such as transportation data and manufacturing and purchase orders, are important for generating demand signals and calculating demand variability. The presence — or absence — of required data is going to have an impact on the metrics being used to measure the success of the project.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

DELMIA Quintiq

MARCH 18, 2016

I purchased my first fitness tracker, set my goals, and the competition began. In supply chain planning, we are driven by metrics. Using manual spreadsheets or even a supply chain planning system that generates reports based only on what took place in the past is a rearview mirror approach. It became a habit.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Optimization 202

Logistics Viewpoints

JULY 11, 2022

These increasing labor costs occurred while Amazon was nearly doubled the size of their workforce over the course of two years. In many cases, Amazon can deliver these packages within hours of purchase. Amazon reported $2 billion in incremental costs from having excess fulfillment and transportation capacity.

Supply Chain Network Software 279

Supply Chain Network Software Forecasting Purchasing Skills Forecasting Software 279

GlobalTranz

SEPTEMBER 23, 2015

Supply Chain big data is the ultimate compilation of data gathered in the course of business. This includes risk analysis, detailed reports of how a supply chain functions, and even lead generation. Big data analytics allows supply chain leaders to identify what portions of the customer journey are threatened.

Big Data 120

Big Data Procurement Analytics Supply Chain Design Software Optimal Sourcing 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 89

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 89

Logistics Viewpoints

OCTOBER 19, 2023

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 263

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Supply Chain Shaman

DECEMBER 12, 2024

Supply chain leaders were slow to adopt advances in Big Data Analytics. In parallel, PE/venture capitalists purchased/consolidated network solutions, slashing R&D and delaying investment, reducing industry capabilities. Procurement was operating in isolation from supply chain. – Technology Evolution Outpaced Adoption.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 195

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 75

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 75

Supply Chain Shaman

JUNE 16, 2014

Over the course of the last year, I have written about this extensively. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear. The technologies enable the evaluation of both volumetric flows and cost. They are slow to adapt.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

The Logistics & Supply Chain Management Society

MARCH 22, 2022

By integrating transaction information across all parties, the solution enables real time visibility of the entire logistics lifecycle from purchase order to shipment order, shipment execution, track and trace, and to financial settlement. Have a System of Record for Tracking Compliance and Identifying/Reporting Violations.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245