Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. This reduces the need for manual mapping of data fields, which can be error-prone and time-consuming.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Supply Chain Shaman

JULY 25, 2021

of revenue on IT solutions and expensive solutions to improve performance, yet degrade balance sheet results against peer group sectors in tough markets? The Focus Inside-out Supported by Functional Metrics. Functional Intitiatives Without Clarity on Supply Chain Strategy. How could the industry spend 1.7% Winners Over Time.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

NC State SCRC

JULY 23, 2017

Yet the purchasing company continues to pay the bill for these non-productive hours. In one company, application of these strategies in the exploration drilling area cut planning time in half, execution time by 20%, reduced overall costs by over 15% and increased the groups overall success rate. Capital Overruns.

Expense Reduction 66

Expense Reduction Inventory Reduction Resource Reduction Price Reduction 66

Supply Chain Shaman

NOVEMBER 28, 2016

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

ivalua

JUNE 29, 2020

The average hospital spends nearly 30% of its overall non-labor operating expenses on supply chain expenses. According to this same research, there is an opportunity to reduce total supply expense by average of 17-18% for a given hospital. The Path to Supply Chain Excellence. What is The Fundamental Challenge? .

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Overview of Shell.

Demand Planning Software 256

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 256

Unleashed

JUNE 26, 2024

It connects inventory management with related functions, such as purchasing and customer management, to enable a unified platform for operations. In addition to real-time inventory management, most tools also provide functionality for managing purchase orders , integrating sales, and storing customer information.

Inventory Management Software 52

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

SCMDOJO

OCTOBER 7, 2024

It takes into account inventory levels, production, and purchasing lead times, order statuses, as well as forecasts, and customer orders that drive the master production schedule. Purchasing: Generating purchase orders for required materials and components based on production schedules and inventory levels.

Manufacturing Procurement 52

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

Logility

FEBRUARY 3, 2022

If executives want their organizations to stay relevant, they must re-orient and embrace supply chain sustainability as part of their core strategy and operations. Focus on strategies that create long-term value Sustainable business practices aren’t just about protecting the environment or the people of the world.

Sustainability 130

Sustainability Vendor Strategies Expense Reduction Cost Reduction Strategies 130

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 78

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 78

Supply Chain Shaman

OCTOBER 29, 2020

In a win/lose relationship, one party gains at the expense of the other. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The company in an effort to reduce costs outsourced payments. True collaboration is systemic. My takeaway?

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. Subscribe Here! Email Address.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Kinaxis

DECEMBER 12, 2017

With the calendar, I was able to schedule my known income (paycheck) and my known expenses (car loan, mortgage, utilities, taxes, groceries, etc.) It was my crystal ball, and I regularly asked it questions like: What if I buy that awesome new 27″ Sony Trinitron television this week, could I still make my mortgage payment?

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Planning 193

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis. Informed means armed!

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Enterra Insights

JUNE 24, 2022

They are: • Accuracy : “Barcodes eliminate manual entry of product information at receiving, meaning there are far fewer opportunities for error. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.”

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

ThroughPut

NOVEMBER 12, 2020

Whether manufacturers rely on ground, rail or sea to reach end-customers, the extent of disruption is unprecedented and this creates a need to rethink their warehouse fleet and carrier strategies. In the context of warehousing, the idea is to eliminate those wasteful processes that consume resources but may not add any additional value.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

Supply Chain Management and Analytics

JANUARY 9, 2021

Customer Success is a marketing strategy that was developed for SaaS (Software as a Service) companies to keep their customers longer and generate more income. So, if you want to keep your customers close, ensure your satisfaction with solutions that help them achieve the goal that generated the need for that purchase.

Purchasing Training 52

Purchasing Training Expense Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

JANUARY 2, 2023

The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving. (The The team was not calibrated on the role of forecasting and the basics around process excellence. Models Matter.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action. Count the cost.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

ShipBob

OCTOBER 24, 2022

Demand forecasting helps reduce risks and make efficient financial decisions that impact profit margins, cash flow, allocation of resources, opportunities for expansion, inventory accounting , operating costs, staffing, and overall spend. Developing a pricing strategy. Preparing your budget. Ryan Casas, COO of iloveplum.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

ShipBob

DECEMBER 13, 2023

Reduced spoilage and obsolescence: Critical for perishable or trend-sensitive products. These metrics provide valuable insights into how well your inventory is managed. Holding costs Holding costs are the expenses related to storing unsold inventory, including warehousing, insurance, and depreciation.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Logistics Viewpoints

NOVEMBER 30, 2020

More than 95% of Target’s third quarter sales were fulfilled by its stores; fulfilling orders in stores is more expensive because in-store customers do their own picking, but fulfilling digital orders requires store labor. The last mile is far more expensive than delivering goods by truckload or less-than-truckload to stores.

Procurement Analytics 130

Procurement Analytics Forecasting Inventory Reduction Eliminating Excel in Purchasing 130

Resilinc

NOVEMBER 14, 2023

They are asking questions like ‘Do our facilities teams know what piping it’s included in?’ The second is tensions around export controls with China and Taiwan , which leave many companies reevaluating their global sourcing strategies. and an established a strategy for operational resilience. It’s a good start that the U.S.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

SCMDOJO

JULY 24, 2023

By leveraging the expertise and resources of a specialized logistics partner, companies can streamline operations, reduce costs, and improve service levels, ultimately gaining a competitive advantage in the market. While it possesses the buying power of a large corporation, NUNNER focuses on providing tailor-made solutions to its customers.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 98

ShipBob

APRIL 13, 2021

However, there is a wide range of metrics that you should be tracking to help your online store grow. Why ecommerce performance metrics are important. Why are ecommerce performance metrics important to your online store? Indirect expenses, like certain overhead costs. Marketing expenses. Table of Contents.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

4WL Consulting

MARCH 17, 2016

Working with a managed transportation services provider (3PL) is an excellent way for shippers to improve their logistics operation and reduce costs. Qualified providers will establish and report on KPIs based on the service metrics most relevant to your company. Do they have the buying power? What’s the ROI?

3PL 100

3PL Negotiating Skills Logistics Network Optimization Software Eliminating Excel in Purchasing 100

Kinaxis

MARCH 9, 2015

by John Westerveld In part one of this blog we determined that the Master Scheduler has a challenging job with Master Scheduling, but you may be thinking that ERP system you’ve spent millions on buying and implementing must make the Master Scheduler’s job so simple it’s as easy as pushing a button, right? And ERP customization is expensive.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Modeling Software Analytics Software 100

6 River Systems

AUGUST 19, 2020

Companies with billions of dollars in valuation, like Shopify and BigCommerce, help to reduce the barriers of entry to the world of e-commerce. These are the two factors that are essential for the long-term sustainability of any retail business, and achieving them requires implementing smart supply chain management tips and strategies.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Analytics Software Sustainability 59

ShipBob

NOVEMBER 15, 2021

Without logistics planning, business owners risk expensive surprises, inefficiencies, and the inability to scale their business effectively — especially when hard times hit. Like any strategy or contingency plan, it helps protect your business from unanticipated challenges. Reduce supply chain costs. Order fulfillment.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Supply Chain Design Software 98

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment. Policies.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

ShipBob

MAY 7, 2021

Purchasing forklifts, conveyors, and other equipment . Paying taxes, utilities, office supplies, internet, and other administrative expenses. A simple one-way flow helps to ensure safety and eliminate congestion in the warehouse. Here are a few common warehouse picking strategies you can implement: Batch picking.

Supply Chain Design Software 52

Supply Chain Design Software Warehousing Supply Chain Design Inventory Reduction 52

Logistics Bureau

DECEMBER 20, 2021

The one thing they all have in common is that, under the right circumstances, they are more than merely valuable metrics. The inventory turns KPI is the metric that provides this information. As you might expect, a reduction in days inventory typically represents a performance improvement. 1: Inventory Turns. 1: Inventory Turns.

Inventory Reduction 79

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 79

Taulia

JULY 5, 2021

More broadly, VMI eliminates the need for intermediaries, thus improving communication, inventory management, and the accuracy of inventory and forecasting. VMI and suppliers Theoretically, streamlining processes via VMI should reduce overall costs for both parties, but this isn’t always the case.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Logistics Bureau

NOVEMBER 15, 2021

If so, you’re probably engaged in the eternal search to make warehouse processes faster, easier, less expensive, and safer. Indeed, there is something of an art to using KPIs effectively, and it’s primarily in the appropriate selection of the right combination of metrics. 1) Speed up the Warehouse. For Putaway.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52