Arena Solutions

OCTOBER 10, 2024

Succeeding at Strategic Sourcing With Arena and Part Analytics Learn more about the integration between Arena and Part Analytics here. Full transcript below: Heatherly Bucher Welcome to our session on Succeeding at Strategic Sourcing. Engineering and sourcing professionals build the platform for engineering and sourcing.

Analytics Software 60

Analytics Software Negotiating Skills Sourcing Strategies Purchasing Skills 60

Cognira

JUNE 4, 2024

Deal Management: Definition, Challenges & Benefits of AI Solutions June 4, 2024 Promotions Home In the current retail landscape, deal management is often bogged down by spreadsheets, duplicative efforts, and disjointed collaboration.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Pricing Training Purchasing Training 52

Logility

MAY 25, 2022

Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. However, as Gartner noted, the definitions of the activities that should be included are unclear in most cases. Let’s face it ? the traditional supply chain model is falling short.

Optimal Sourcing 130

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

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Despite the popularity of this concept, there are considerable confusions among the practitioners.

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. Before reading this post, consider reading my prior blog post, Don’t AI This.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 390

Supply Chain Shaman

MAY 9, 2023

The panel group is sourced from my group of LinkedIn followers. The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. and there were no respondents that rated their process effective on this definition. There is no standard definition.

S&OP 347

S&OP Supply and Demand Supply Chain Planning Software Sourcing Strategies 347

SCMDOJO

DECEMBER 29, 2022

Warehouse Automation Definition: Warehouse automation uses technology and automated systems to streamline inventory management, storage, and shipping. To integrate WMS into a new software without any problems, these issues must be addressed: First, every data source needs to be integrated from the start.

Supply Chain Software 72

Supply Chain Software Warehousing Optimal Sourcing Optimization Software 72

Supply Chain Shaman

DECEMBER 7, 2023

We are not clear on definition. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. Align on definitions. The reason? The result was restatement.

Supply Chain Design Software 319

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 319

Supply Chain Matters

DECEMBER 13, 2023

Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 13, 2018

So what exactly is the definition of “Supply Chain Management”? But that being said there are still a large number of definitions of “Supply Chain Management” Let’s review some of those definitions here: 10 Definitions of Supply Chain Management! Source: [link] ). Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

Supply Chain Shaman

JUNE 3, 2024

A Closer Look at Digital For a decade, I have struggled to get a clear definition on the digital supply chain. Definition: With reference to a dog used for hunting game, the colloquial American-English phrase that dog won’t hunt , and its variants, are used to express the opinion that a particular plan or approach will not succeed.

Supply Chain Planning Software 345

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 345

Supply Chain Matters

MARCH 4, 2024

As our readers stemming from aircraft industry would likely surmise, such a statement more than implies that Boeing is definitely under the looking glass to undertake significant quality and operational management changes before any notion of being able to ramp-up 737 MAX model production from current levels. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Optimal Sourcing Sourcing 52

Unleashed

FEBRUARY 14, 2024

Step 3: Production Transporting the raw materials from their source or storage locations to your production facility is a crucial step in manufacturing. This is where the raw materials are prepared for various manufacturing processes that change their properties, shape, or function.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

FEBRUARY 2, 2024

The term network is used frequently, but without definition. In a project that I am currently working on with Georgia Tech, I had a bet that the research assistants would not find a clear definition in the literature. Value networks, like many supply chain terms, are used frequently, but lack definition. Technology Evolution.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Network Software Supply Chain Planning Software Third Party Logistics 195

Supply Chain Shaman

MARCH 27, 2023

Definitions: Oxymoron: The combination of contradictory or incongruous words (such as cruel kindness) Juxtaposition: The act of placing words or concepts close together or side by side, for comparison or contrast. Today’s definition of supply chain planning is my starting point. What is supply chain excellence?

Supply Chain Planning Software 318

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

Supply Chain Shaman

DECEMBER 15, 2022

As an analyst, I am always searching for answers and clear definitions. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This increasing gaps in alignment and clarity of the definition of supply chain excellence was an unspoken risk entering the pandemic.

Manufacturing Procurement 394

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 394

Supply Chain Shaman

SEPTEMBER 27, 2021

Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing. Current State of Visibility. What To Do?

Supply Chain Planning Software 336

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 336

Supply Chain Shaman

JUNE 13, 2024

Definition: “The RISE with SAP offering includes an AI-powered cloud ERP that’s managed and optimized by SAP. ” Source: SAP Website The Discussion Not Held on the Stage The main event at the Forum was not on the main stage. Source: AI Query What To Do? Here I share observations and take aways.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Network Software Supply Chain Software SAP 221

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. There is a clear definition of the role of the supply chain in the delivery of value. Definition and alignment on why should make a decision and what a good decision looks like. Drives Value. Governance.

S&OP 336

S&OP Supply and Demand Forecasting Supply Chain Design Software 336

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Electronic Data Interchange (EDI) does not meet this definition.

Supply Chain Network Software 275

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 275

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Material lead time Material lead time refers to the duration it takes for the necessary raw materials or components to be sourced, procured, and delivered to a manufacturing facility or production line so that the manufacturing process can begin.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

JUNE 24, 2024

Techtarget.com Definitions Let’s start with some definitions. Definition? Schema-on-write architectures limit the supply chain team’s ability to easily source data. Current network technologies have improved the user interface, but not the movement and sourcing of data. The reason? The catch-22?

Data 245

Data Supply Chain Planning Software Analytics Software Supply Chain Design Software 245

Unleashed

JUNE 2, 2022

Having a single source for consumer data provides a unified view of your customer that allows for more precise and personalised customer communications. Thinking one size fits all is the wrong approach when communicating with omnichannel eCommerce customers.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Supply Chain Shaman

APRIL 29, 2024

Be very clear on the definitions, root issues, and desired outcomes. Explore to understand the data sources, the cleanliness and frequency of data, and evaluate the use of machine learning and NoSQL to improve data quality and reduce data latency. Source: Horse for Courses definition Oxford Dictionary Avoid pitfalls.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 394

EC Sourcing Group

APRIL 27, 2021

5 Benefits of Global Sourcing in Supply Chain Management. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers. Read on to learn about the benefits. Operational.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Supply Chain Software EC Sourcing 52

Unleashed

AUGUST 28, 2023

It measures your ability to design, source, or manufacture goods at a reasonable price – and can be compared with revenue to determine profitability. Leverage suppliers Negotiate with your suppliers to source better prices or discounts on bulk purchases. The cost of sales is a key performance indicator of your business.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Supply Chain Movement

JANUARY 29, 2016

The answers made me realize I actually don’t know any widely acknowledged definition for IBP. As far as I know there is no agreed standard definition. Because when there is no agreed definition or standard, there are no clear rules. I also prefer the IBP abbreviation as it is a more inclusive definition. and unnecessary.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 60

Unleashed

JANUARY 16, 2024

While long-term, friendly partnerships with suppliers can be of great benefit, it may be time to renegotiate contracts (or find an alternative source) if they’re not meeting your required standards. Call in the experts A common trap to fall into in business is assuming you’re better off doing everything yourself.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Unleashed

JUNE 27, 2023

This involves sourcing the necessary transportation companies and negotiating freight costs on behalf of the shipment owner. The freight forwarding process in 8 simple steps: Carrier procurement Export haulage Origin handling Export customs clearance Shipment tracking Import customs clearance Destination arrival and handling Import haulage 1.

Negotiating Skills 52

Negotiating Skills Freight Optimal Sourcing 3PL 52

Supply Chain Shaman

JULY 31, 2024

What is the role of make, source, and deliver? Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together. Instead, the best results happen through training, alignment, and process definition of how to use planning systems help to drive better decisions.

Supply Chain Planning Software 326

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 326

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Don’t fall prey to discussions that are not grounded in the basic definitions. Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). In this process, sadly, there is little definition of the model. Merriam-Webster.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

Supply Chain Matters

JULY 25, 2022

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

HICX Solutions

MAY 18, 2023

So, sourcing tools for example. And as far as jobs to be done are concerned, the complexity is that these could sit in planning, they could be in sourcing, in R&D, or in quality. There are different types of networks. You then have ‘one-to-many’ types of services. We don’t think these are actually supplier portals.

Sourcing Strategies 52

Sourcing Strategies Supply Chain Strategy Strategy Price Mitigation Strategies 52

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). Demand-driven materials requirements planning (DDMRP) is built on an order signal which by definition is inside-out.

Modeling 208

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 208

Talking Logistics

FEBRUARY 18, 2016

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Freight is unique.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

Supply Chain Shaman

JUNE 10, 2021

The EDI Vans lack multi-tier process canonical (agreed multi-party definitions). We cannot confuse data sharing with the process definition. SAP Ariba started as an indirect procurement network and lagged the market in developing multi-tier process definition.) No network crosses over the source, make, deliver processes.

SAP 225

SAP Supply Chain Network Software Supply Chain Design Software Supply Chain Planning Software 225

Demand Driven Technologies

JANUARY 11, 2024

Our management systems, by definition, are binary – running on computers more at ease with zeros and ones, true/false, than with progressive, nuanced gradation. Read more Source When the world becomes more complex, a little nuance doesn’t hurt… A binary approach doesn’t usually solve problems. The material.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain 98