Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

Logility

MARCH 21, 2023

Finance teams speak about business issues in terms of currency and margins, while supply chain operations make decisions based on volumetric conversations around units, capacity, and lead time. This information allows CSCOs to react to real-time differences between inventory levels, budgets, and fiscal projections.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

Supply Chain Shaman

NOVEMBER 29, 2021

There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. Current supply chain systems either optimize volume or currency. Inventories are out of balance with demand and the rising need for write-offs. Increased Importance.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

ivalua

JULY 22, 2015

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.

Optimal Sourcing 100

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 100

Logistics Viewpoints

FEBRUARY 2, 2023

A modern solution can also be configured to accommodate customer idiosyncrasies, such as preferred level of invoice detail, billing cycles, accounting periods, and other unique demands, including multi-lingual and multi-currency requirements. Lastly, this single source of truth for all parties positively impacts customer relationships.

Supply Chain Planning Software 230

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 230

ToolsGroup

JANUARY 6, 2022

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. These businesses often collect tires of high quality as spare inventory and do not have the infrastructure in place to sell them. Lesson #1: Global supply chain challenges have businesses turning to local suppliers.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

SCMDOJO

SEPTEMBER 19, 2024

As a procurement officer, you’ve possibly been in the crosshairs of debate between sourcing locally and regionally versus from low-cost countries endorsed by many executive staff and boards of directors. Every time I was requested to have a target percentage of our purchases from low-cost countries I felt a pit in my stomach.

Purchasing Skills 98

Purchasing Skills Price Reduction Modeling Manufacturing Procurement 98

Elementum

AUGUST 2, 2022

The direct impact of this phenomenon is weakened purchasing power of other currencies relative to the Dollar. Selling products in US markets for USD, and then converting back to local currencies, will be a win- win proposition for those who can do it. For one salient example, at the beginning of 2022, the Euro was worth $1.13.

Sri Lanka 78

Sri Lanka Supply Chain Planning Software Supply Chain Software Procurement Analytics 78

Logility

APRIL 27, 2021

Cost and efficienc y Integration with non-SAP data sources typically requires significant customization; as supply chains become increasingly complex and interconnected, a one-data-source integration approach could undermine the solution’s long-term value.

SAP 171

SAP SCM Supply Chain Planning Software Modeling Software 171

DynaSys

JANUARY 20, 2021

Finally, be mindful of the currency expected for your receivables and payables. Regional supply chain disruptions can add another worry when payment is expected or receivables need to be covered in a foreign currency – a currency that can dramatically shift in value as the contract is being fulfilled.

Supply Chain Planning Software 98

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

Logility

AUGUST 14, 2020

Better forecasting implementations relate to: Preparing data for analysis; Measuring data currency, coverage and accuracy; Understanding how order fulfilment impacts your forecasts; and. Inventory Management: Low level of aggregation to support SKU level decisions. Measuring data currency, coverage and accuracy.

Forecasting 147

Forecasting Forecasting Software Demand Planning Software Modeling 147

The Network Effect

JULY 18, 2014

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.

Supply and Demand 175

Supply and Demand Supply Chain Planning Currency Supply Chain 175

Precoro

JUNE 17, 2024

For instance, a sudden depreciation of the buyer's currency can cause a sudden price shift and increase the cost of imported goods. Hedge against currency fluctuations. Diversify the sources of financing. Ensuring access to multiple finance sources can help avoid liquidity issues. Negotiate long-term contracts.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 89

Logility

AUGUST 23, 2021

To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supply chain planning – from anticipating emerging demand and optimizing manufacturing capacity to adjusting inventory allocations, minimizing costs, and increasing efficiency when required. Optimizing Inventory Across Supply Chain Tiers.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 130

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

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

Supply Chain Matters

JANUARY 3, 2024

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Scenario four : Industrial actions in the form of higher global commodity prices, continued supply chain disruptions and currency weakness against the S.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

20Cube Logistics

JANUARY 27, 2022

However, despite becoming the latest epicenter for sourcing and manufacturing activities, economic growth in certain countries is expected to slow down this year due to various reasons. One more trend that has been highlighted to take place in Asian supply chain is that of a cooling inventory drive. International Travel Policies.

Manufacturing Procurement 83

Manufacturing Procurement Asia Currency Policies 83

Unleashed

JUNE 28, 2024

For example, we determined that the best ERP for manufacturing should offer functionality around real-time data analytics, inventory management, process automation, supply chain planning, and production scheduling. Real-time data access: Delays in accessing up-to-date information can hinder decision-making.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 52

EC Sourcing Group

SEPTEMBER 7, 2021

At its most basic, the following is a solid explanation of how the supply chain works: Source raw materials or goods from suppliers. It fits best under line item number one because you would be tracking your spend as you are sourcing your goods. You’re using all the same currency. Sell products to distributors. Data aggregation.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

Talking Logistics

JANUARY 26, 2015

I’m fairly conservative when it comes to banking (for example, I’m still not comfortable “depositing” checks using my smartphone ), so using a new digital currency, or “fake money” as my wife calls it, to buy stuff isn’t something that appeals to me, especially since bitcoin’s developer remains a mystery. Source: [link].

Supply Chain Network Software 100

Supply Chain Network Software Inventory Management Software Predictive Analytics Software Supply Chain Software 100

QAD

OCTOBER 5, 2021

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Inventory Management & Optimization: Managing inventory as working capital, focusing on demand planning, optimization, safety stock management, and meeting customer service expectations.

Supply Chain Planning Software 98

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

QAD

OCTOBER 11, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 98

SCMDOJO

JANUARY 18, 2024

In the supply chain, order management and inventory management play significant roles in rapid growth. It has three major parts: Inception of order; Order readiness (sorting, collecting, packing, and dispatch); Inventory administration. Centralized data management helps in managing inventory and effective order tracking.

Optimal Sourcing 98

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

ToolsGroup

JULY 11, 2017

Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. 4-9% decrease in the value of obsolete inventory as a percentage of total stocked goods (product costs).

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

QAD

APRIL 5, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, and from shared services to real-time data and flexible data analytics, QAD’s Effective Enterprise Management capabilities ensure that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98

Elementum

AUGUST 1, 2022

Inflation is an economic condition in which you pay more for the same product without additional value due to currency devaluation. Increasing Costs Across the Supply Chain The cost of raw materials and fuels is rising due to inflation and the supply-and-demand gap. When all costs are rising, inflation becomes a major issue.

Supply Chain Strategy 78

Supply Chain Strategy Supply Chain Manufacturing Procurement Supply and Demand 78

Unleashed

JULY 23, 2024

Inventory control software is a pivotal tool for managing stock levels efficiently. It helps streamline the process of tracking, ordering, and distributing inventory to bring your carrying costs down and improve productivity. What makes the best inventory control software? However, every business has unique needs.

Inventory Management Software 52

Inventory Management Software Analytics Software Forecasting Software Demand Planning Software 52

3PL Insights

MAY 3, 2021

Data is the new business currency. Our customers identified a need for a data insight tool that shows trends in their inventory and transactions,” Evans says. Evans365 accesses and analyzes data sets from Evans’ warehouse management system and other data sources and presents findings graphically. Evans, President and CEO.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Software Tools Distribution 52

Unleashed

MARCH 3, 2020

Check whether it’s possible to source these products from alternate suppliers — potentially from different countries — who are not affected by the issue. The alternative is to carry more inventory, but this carries higher holding costs.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 105

Kinaxis

OCTOBER 1, 2014

If your supplier decides that you need to pay more or global currency exchange rates drive up the cost of a component (and you have no alternatives ready to go) your margins can be significantly impacted. If your demand decreases, you have excess inventory or idle capacity. Do you have a supply chain risk management process in place?

Supply Chain Risk Management 255

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 255

QAD

AUGUST 3, 2022

They’re designed to handle internationalization issues, like currency, language, alphabet, postal code, accounting rules and more. . Most of these can handle a few different languages and currencies but only a single alphabet. Inventory and forecasting decisions can be simplified and automated. . Order Processing. Manufacturing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Optimization Software 52

SCMDOJO

MARCH 28, 2023

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. One such technology that has had a significant impact on the financial industry is blockchain, which is the underlying technology of digital currency or cryptocurrency.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 116

OptiProERP

NOVEMBER 3, 2022

Use Case #1 – Medical Device Manufacturer Needs Integration with Inventory and Production. They need an integrated system to manage their inventory and shop floor to handle this increased production. As goods are received, inventory levels automatically update, and purchasing is notified immediately.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Manufacturing 52

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Most budgets are completed in currency at a brand level. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Time horizon. The Role of the Budget in S&OP.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Enterra Insights

APRIL 30, 2019

Retailers do not have enough inventory to get all SKUs close to the customer, so companies will have to differentiate SKUs by velocity and take a more thoughtful approach to distribution instead of keeping inventory all in one location. ” Evans insists consumers, especially younger ones, want personalized shopping experiences.

Manufacturing Procurement 100

Manufacturing Procurement Purchasing Skills Procurement Solutions Procurement Analytics 100

Enterra Insights

OCTOBER 13, 2022

5] This lack of synchronization is partly due to “the logistics sector [having to] simultaneously contend with the hangover of red-hot demand and worries of a revenue-diminishing and inventory-swelling downturn.” Every step of the supply chain from sourcing to delivery requires seamless collaboration. Footnotes. [1] 4] Gonzalez, op.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Optimization 130