GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry.

Electronics 262

Electronics Transportation Data Resource Reduction 262

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 85

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RFgen

APRIL 12, 2024

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

Inventory Reduction 81

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 81

Synovos

AUGUST 9, 2023

RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.

Manufacturing Procurement 52

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Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Synovos

JANUARY 24, 2024

By joining their network, RS Integrated Supply is able to connect with more than 500 procurement professionals, improving its supplier diversity. RS Integrated Supply was introduced by RS Group in 2022 after combining Synovos and IESA, two procurement and supply chain management companies. million customers.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Purchasing Skills Optimal Sourcing 105

Precoro

OCTOBER 2, 2023

The procurement landscape is ever changing, and recently, in contrast to the traditional procure-to-pay platforms, we have seen the emergence of a new type of software solution, intake-to-pay, which is marketed as a more comprehensive solution. But hold on: are we sure that wasn't all possible with procure-to-pay, anyway?

Procurement Solutions 59

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Supply Chain Matters

JUNE 17, 2022

In our previously published Supply Chain Matters Editorial commentary , The Federal Reserve’s Interest Rate Action and the Signal for Assessment , this Editor provided a summary of likely implications that industry supply chain leaders and their respective teams should be focusing on in the coming months. percent, compared to 9.7

Inventory Reduction 52

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Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Kanban Logistics

SEPTEMBER 9, 2021

In this article, we’ll look at the latest reports on manufacturing activity, while showing how a third-party logistics (3PL) provider can offer great logistics benefits within the manufacturing industry. Inventories were up 5.3%. Turn to a 3PL for logistics capabilities for the manufacturing industry. Third-party procurement.

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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

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Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Molex LLC offers more than 100,000 products across a variety of industries. It is part of Koch Industries. Keys to Success.

Agile and Lean Supply Chain 199

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Unleashed

MAY 30, 2023

Anticipation inventory is the solution to this problem. Read on to learn what it is, how it works, and the pros and cons of this inventory strategy. What is anticipation inventory? Anticipation inventory can be described as the inventory which is purchased in anticipation of expected increases in demand.

Inventory Reduction 52

Inventory Reduction Inventory Negotiating Skills Purchasing Skills 52

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. No matter the industry, customer satisfaction remains of utmost importance. Let’s dive in.

Supply Chain Planning Software 98

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Supply Chain Matters

AUGUST 2, 2022

Supply Chain Matters highlights the latest financial performance from bellwether firms in CPG , online retail, high tech and consumer electronics regarding ongoing supply chain related inflationary cost and supply impacts on performance. Consumer Product Goods Industry. High Tech and Consumer Electronics. This compares to $4.9

Cost Reduction Strategies 52

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Synovos

NOVEMBER 10, 2023

The platinum medal puts RS Group in the top 1% of the 100,000-plus rated companies assessed by EcoVadis with each company rated on the material sustainability risks and issues for size, location, and industry. EcoVadis is the world’s most trusted business-to-business sustainability rating. million customers.

Eliminating Excel in Purchasing 105

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SCMDOJO

SEPTEMBER 19, 2024

This can overestimate demand at higher levels of the supply chain, which may increase inventory, production, and, in turn, the bullwhip effect. In such cases, supply chain partners often experience the bullwhip effect by overestimating demand and increasing inventory. inventory shortage). The fifth factor is price volatility.

Agile and Lean Supply Chain 52

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Supply Chain Matters

JULY 19, 2023

Generally muted global product demand levels and inventory overhang have not helped to spur growth of the country’s manufacturing sector. Industry Supply Chain Implications As our Supply Chain Matters commentaries have highlighted over the past three years, increased trade and other geo-political tensions among the U.S.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

GlobalTranz

JULY 30, 2018

Use of Blockchain in Supply Chain and Logistics Will Put Certain Departments at Risk As explained by Connor DiGregorio of Industry Week , blockchain technology carries a degree of risk for traditional supply chain departments. For instance, Martine Jarlgaard and Provenance are working toward this process in the fashion industry.

Logistics Network Optimization Software 126

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Unleashed

JULY 2, 2024

It’s a function of procurement that plays a vital role in effective supply chain management, ensuring optimal stock levels are achieved by balancing purchasing with accurate demand planning. Streamlined procurement processes and clear communication facilitated by purchase order management save time and reduce administrative burdens.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Purchasing Skills Pricing Training 52

OptiProERP

NOVEMBER 19, 2021

Innovations have brought about some significant milestones to industries over the years. In 1765 the first industrial revolution began when the use of coal and steam engines became popular allowing for the transportation of goods using railroads. Industry 4.0 – the Fourth Industrial Revolution. Industry 4.0

Supply Chain Design Software 52

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Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. This warehouse provides inventory storage for goods not yet ordered that will ship later. Mr. Jordan oversees a team of eight that does the demand, inventory, and production planning.

Security 201

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Supply Chain Matters

JANUARY 10, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our annual 2023 predictions for industry and global supply chains research advisory. Background. Prediction Background. For those businesses located in the U.S.,

Predictive Analytics Software 52

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QAD

AUGUST 16, 2022

Even as industries start to recover from the effects of the pandemic, significant issues remain: Ongoing work stoppages in China due to the COVID-19 pandemic. QAD SRM delivers the tools to improve real-time communication and procurement processes and to counteract supply risks. It’s exhausting for supply chain leaders. Potential U.S.

Optimal Sourcing 98

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SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. Responding to global disruptions. The supply chain of the future.

Manufacturing Procurement 105

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Synovos

OCTOBER 16, 2023

About RS Integrated Supply RS Integrated Supply, part of RS Group, is a global MRO supply chain services provider, offering outsourced Procurement and storeroom Solutions™ to manufacturing, assembly, and process industry clients. Together, the two form the world’s first MRO supply chain services company with true global reach.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions United Kingdom Optimal Sourcing 52

Synovos

AUGUST 21, 2023

About RS Integrated Supply RS Integrated Supply, part of RS Group, is a global MRO supply chain services provider, offering outsourced Procurement & Storeroom Solutions™ to manufacturing, assembly, and process industry clients. Together, the two form the world’s first MRO supply chain services company with true global reach.

Eliminating Excel in Purchasing 52

Eliminating Excel in Purchasing Manufacturing Procurement Procurement Solutions Optimal Sourcing 52

Talking Logistics

DECEMBER 4, 2017

Last month, I attended and spoke at the Command Alkon ELEVATE 2017 conference , where I learned many things about the Heavy Building Materials (HBM) industry. So, what are some of the data challenges the industry faces? Cement is one of the raw materials that goes into making concrete, which is the finished product.

Material Savings 0

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Supply Chain Matters

SEPTEMBER 23, 2022

In recent Supply Chain Matters commentaries focused on automotive industry supply networks, we have focused on how the ongoing global wide shortage of semiconductor logic devices continues to provide noteworthy manufacturing, supply chain as well as financial impacts. Broader Industry Perspectives. Background. Development.

Cost Reduction Strategies 59

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SupplyOn

OCTOBER 2, 2018

SBB relies on RailSupply to significantly improve efficiency in purchasing and procurement logistics. The goal of this changeover was to significantly streamline the SBB’s purchasing and procurement logistics. By the way: At InnoTrans 2018, SBB was named “RailSupply Champion 2018” for this excellent project.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Industrial 40

QAD

JULY 8, 2021

In our blog last month, we discussed how the automotive industry must learn this time from yet another semiconductor shortage by improving management of essential supply chain processes or we will find ourselves in another shortage crisis. Do you have a customer inventory policy for long lead time and critical parts?

Supply Chain Planning Software 97

Supply Chain Planning Software Forecasting Forecasting Software Manufacturing Procurement 97

Supply Chain Matters

SEPTEMBER 21, 2022

Our featured guest is Graham Scott, Vice President of Global Procurement for global based manufacturing services provider Jabil. Graham’s teams analyze commodity market trends, pricing, capacity and supply/demand models for Jabil ’s multi-industry customers. He has lived and held leadership roles in Europe , Asia and the U.S.

Manufacturing Procurement 109

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MIT Supply Chain

MARCH 8, 2021

Why the Truck Market’s Sharp Turn Caught the Freight Industry by Surprise The MIT FreightLab’s latest industry roundtable explored the drivers behind today’s extremely tight market for truck capacity and the broader implications for supply chains. However, in U.S. But this time, the effects are across the board. “We

Freight 52

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Supply Chain Matters

JULY 18, 2023

the strategies were exploring nearshoring of prior foreign production, diversifying supplier networks and adding additional contingency inventories. This week features added evidence specifically in the high tech and consumer electronics supply networks segment. For those businesses located in the U.S.,

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Supply Chain Matters

SEPTEMBER 29, 2022

Similar to this year, the consumer electronics and smartphone provider had initially planned with suppliers for the output of 90 million units of the then released iPhone model. Similarly noted is global demand for personal electronics has been suppressed by high inflation and recession concerns. percent this year. Bob Ferrari.

Modeling 52

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ivalua

MARCH 31, 2020

The effective shutdown of industrial activity in Wuhan, China — ground zero for the virus – presented particularly difficult problems for manufacturing firms worldwide, many of which had come to depend on materials, components and finished goods made in China. But recovery may be fragile.

Supply Chain Design Software 130

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Supply Chain Matters

JULY 2, 2024

Report authors pointed to strong performance in the consumer goods industry segment along with substantial increases in intermediate and investment goods categories. Various industry supply chain and procurement management teams are obviously going to have to differentiate as to two different narratives presented in these separate reports.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Optimal Sourcing 52