Supply Chain Shaman

MARCH 12, 2019

The confusion starts when a supply chain leader states the need for improved visibility without a clear definition. The IT taxonomy for visibility is supply chain analytics. In 2004-2006, Greg Aimi (now a Gartner analyst) and I worked on a common definition of visibility for over a year. Visibility Maturity Model.

Prescriptive Analytics Software 179

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 179

NC State SCRC

JULY 5, 2019

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019).

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Analytics Software Procurement Solutions 40

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Retailers face security-related challenges on many fronts.

Logistics Network Optimization Software 187

Logistics Network Optimization Software Real Estate New York Logistics 187

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 104

Enterra Insights

FEBRUARY 8, 2019

Business executives are always looking for a competitive edge and many have turned to advanced analytics to find that advantage. In the digital age, they often gamble their company’s future on the decisions they make, which is why advanced analytics have become table stakes in business. Descriptive analytics. ”[6].

Prescriptive Analytics Software 100

Prescriptive Analytics Software Big Data Analytics Software Predictive Analytics 100

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? And What is Purchasing? There has been transformation in the Procurement function over the past decade. From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business.

Manufacturing Procurement 73

Manufacturing Procurement Optimal Sourcing Procurement Analytics Cost Reduction Strategies 73

ThroughPut

AUGUST 8, 2024

What are the key questions to ask potential software providers before making a purchase? so that you can start optimizing cost, time, and effort every step of the way. Reporting and analytics Finally, you need to be able to leverage all your data to identify trends and patterns that help you make better decisions.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. What is order processing?

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Supply Chain Matters

DECEMBER 13, 2022

Updates included in this edition include: Coupa Software Entering Definitive Agreement to be Acquired. Coupa Software Enters Definitive Agreement to be Acquired. The announcement further coincides with Coupa Software’s report of fiscal third quarter financial performance. This report speculates that “ HMI Capital, which owns 4.8

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Negotiate Pricing 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

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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 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Matters

JULY 13, 2022

According to reporting from Bloomberg , the deal provides a literal lifeline to this start-up. Bloomberg reported that the start-up has experienced a number of executive departures since the SPAC merger and had to line up $600 million from a private placement to help continue operations. Talk about deal leverage and control.

Supply Chain Design Software 52

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Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 63

Procurement Analytics Optimal Sourcing Procurement Solutions Pricing Training 63

Supply Chain Shaman

JULY 29, 2017

When the report published, it stimulated many conversations. The term “visibility” lacks a common definition within the industry. Supply chain leaders inherently know that they need greater visibility; but the conversations between buyers and sellers spin due to a lack of definitional alignment. It is messy.

Supply Chain Network Software 152

Supply Chain Network Software Supply Chain Design Software Modeling Software Analytics Software 152

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

SCMDOJO

DECEMBER 18, 2023

It’s a smart guarantee that the right parts are easy to get, making sure equipment doesn’t stay idle for long and costs stay low. Determine average inventory levels as part of the annual stocking procedure, contributing to cost containment through effective inventory management. at our website SCMDOJO!

Inventory Reduction 64

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SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. Both of these elements play a pivotal role in determining the amount of cash available.

Inventory Reduction 83

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 83

Precoro

OCTOBER 16, 2023

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

Procurement Solutions 97

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 97

Supply Chain Shaman

OCTOBER 17, 2018

Existing business models are self-serving. By definition, there is a resistance to work together. Here is the latest report outlining the capabilities. I am updating this report.). However, the definitions of data, process and onboarding are very different in each network. The reason? It is an intractable barrier.

Supply Chain Network Software 150

Supply Chain Network Software Supply and Demand Supply Chain Software Manufacturing Procurement 150

Enterra Insights

NOVEMBER 15, 2021

”[3] He adds: “ Analyzing the customer lifecycle allows you to better prepare your marketing, sales, and customer service teams to turn one-time purchasers into loyal promoters. ” Securing customer loyalty, however, is a difficult, if not Sisyphean, task. ”[5].

Purchasing Skills 130

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EMERGE App

DECEMBER 25, 2023

These challenges encompass Purchasing, Production Planning, Sales-Distribution, Inventory Management, Warehousing Management, Human Resource Management (HRM), and Finance. What’s the definition of the best online inventory management? What is the definition of the best online inventory management?

Inventory Management Software 52

Inventory Management Software Procurement Solutions Supply Chain Planning Software Inventory Management 52

ModusLink Corporation

OCTOBER 27, 2021

A report published by CER (Comparative European Research) titled ‘The growing importance of the synergy effect in a business environment’, perfectly explains the synergy concept. The three main Supply Chain priorities reported by U.S. Companies can thus safely create and stock winter coats before they are purchased.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

Claritum

SEPTEMBER 27, 2018

Claritum Article - Procurement Blog. This article will look at how this high level distinction impacts procurement and will also dive deeper into some of the resultant differences between these groups that impact on the procurement function. So how do these differences affect procurement and supply. Introduction.

Optimal Sourcing 36

Optimal Sourcing Procurement Analytics Negotiating Skills Purchasing Skills 36

Supply Chain Trend

JUNE 29, 2023

It requires planning highly integrated with other business functions, a transformation of analytics , and a business partner culture, which combined lead to the requirement for modern FP&A skills in the workforce. This is the definition of a “digital twin” for planning.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 60

BlueYonder

DECEMBER 22, 2020

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. A recent report by Morgan Stanley highlighted the growing importance of data, as well as the huge investments companies are making as a result. “In

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Supply Chain Software 92

Precoro

JULY 18, 2022

Even more, 82% of finance departments report being overwhelmed by the number of invoices they have to process daily and are further exhausted by the variety of formats these invoices are received in. One thing is for sure from these facts, dealing with invoices can be pretty frustrating, and you're definitely not alone in your struggle.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Optimization Software Optimal Sourcing 52

Enterra Insights

JUNE 25, 2021

”[2] Both Brown and Miller base their predictions on the U.S. Census Bureau’s March retail trade report, which predicted a booming holiday season. That, in turn, implies more premium charges and even higher all-in costs for importers racing the holiday clock, which practically speaking, may be already ticking.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 130

Talking Logistics

FEBRUARY 20, 2018

If you’ve ever purchased a transportation management system (TMS) for your organization – or any enterprise software – you know that the term “software as a service” (SaaS) gets thrown around a lot. If a TMS is multi-tenant, it allows multiple parties to exist in the same environment, but secure from each other.

Modeling Software 103

Modeling Software Logistics Network Optimization Software Modeling Data 103

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). Metrics: Autonomous vehicles have sensors to automatically gather data, which can be uploaded to various applications, hosted onsite or in the cloud.

Warehousing 112

Warehousing Inventory Reduction Predictive Analytics Software Supply Chain Software 112

Jaggaer

JANUARY 28, 2020

Does this trend only apply to manufacturing, or do you see the same thing playing out in spend on services like IT, maintenance, and security? . . A: This trend definitely doesn’t only apply to direct spend categories. TechTimes reports that IT outsourcing is expecting to pass half a trillion U.S. Purchasing.

Negotiate Pricing 59

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 59

Unleashed

SEPTEMBER 3, 2023

If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and safe trading between suppliers and their customers – and provide traceability as ordered items pass through the supply chain. In this purchase order guide: What is a purchase order?

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

Supply Chain Insights

JUNE 12, 2017

This report series provides guidance to supply chain leaders in their technology selections. On-premise means that the software you have purchased will be implemented using your computers and servers on site. Scaling up may require the purchase of an additional server, similar to on-premise, and thus is also time-consuming.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Optimization Software 125

ThroughPut

MARCH 28, 2024

As per a recent study, AI can help reduce production costs by almost 20% in the agriculture sector! That’s definitely good news. Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. All for the good.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

NC State SCRC

JANUARY 31, 2019

The intent of this executive forum is to bring together supply chain executives to engage in an open discussion of how analytics and AI can be used to create competitive advantage in the organization. We also shared results from the recent report completed by IBM and NC State on the current state of data analytics and Artificial Intelligence.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Analytics Software Agile and Lean Supply Chain 104

Supply Chain Shaman

SEPTEMBER 28, 2012

That is the role of marketing or sales or procurement. My definition is wide. Yes, I believe that supply chain overlays on top of the sales and marketing organizations and the procurement function. Instead of pushing costs and waste backwards in the supply chain, companies should redesign for value-based outcomes.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262

Supply Chain Game Changer

OCTOBER 1, 2019

Product information and parameters would be manually entered into reports and systems. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. What do all of these technologies have in common?

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Software Analytics Software Predictive Analytics Software 82