Logistics Viewpoints

SEPTEMBER 19, 2022

The company buying his company, EXE Technologies, is now infamous among those who have followed the WMS market. Executives-in-residence are looking to join the executive team of the target company but also may be considered, in a sense, an insurance policy. Quiet Logistics had been buying autonomous mobile robots from Kiva Systems.

Modeling Software 231

Modeling Software Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software 231

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. They are primarily focused on cost management on new purchase decisions. Buckle to sales tactics and conventional relationships policies. Originally healthcare suppliers sold to physicians.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

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 Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In times of uncertainty, cash is king.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Supply Chain Shaman

MARCH 9, 2020

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. With the downturn in the financial markets, the looming recession, and the fundamental shifts in demand—less travel and stay at home work policies—demand is changing. Clarity of Supply Chain Excellence.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

SCMDOJO

MARCH 19, 2024

This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Enroll Now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Shaman

SEPTEMBER 20, 2015

How do they buy from you? How will the policy be executed? How do they buy from you?” Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. Why does it matter to you? Over time, as the business evolves, how will it adapt?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

OCTOBER 2, 2020

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. The Sleep Number Story of Supply Chain Excellence.

Customer Service 298

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 298

Arena Solutions

OCTOBER 12, 2023

Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit? Christine said, “I have used internal audits as the baseline to improve our overall business metrics.

Quality 111

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 111

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Order Policy. Definition of Outside-In Processes.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Unleashed

FEBRUARY 9, 2023

Amazon wholesaling is a business model in which products are purchased in bulk, directly from the distributor or manufacturer, and then sold through the Amazon platform to customers at a higher price. Amazon wholesaling works by purchasing existing branded products in bulk quantities and reselling them through the Amazon marketplace.

Inventory Management Software 52

Inventory Management Software Modeling Software Supply Chain Design Software Purchasing Skills 52

NC State SCRC

JULY 14, 2024

This has resulted in increased activity for firms that monitor supply chain riskssuch as Resilinc , Risk Metrics , and Everstream Analytics. An automotive organization described how its supply risk Center of Excellence has expanded significantly, due to the recent challenges associated with supplying its production line in the last two years.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Pharmaceutical 59

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

ThroughPut

APRIL 30, 2024

The What and Why of AI Tools for Supply Chain There is a reason why everyone is talking about AI tools and why people are driven to make impulsive purchases of AI-powered tools. Step 3 – The Metric Selection phase This phase involves identifying key metrics that will help track the actual impact of AI. Read it all here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Keeping all the data when it comes to a company’s purchasing process, let alone organising it, is a daunting task. Return policies. Creating purchase orders. IP and Copyright.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

FEBRUARY 27, 2020

Older men buy less underwear than younger males and their packaging was not as attractive to the female shopper buying for the family. The company sold on Amazon, operated its own website, managed outlet stores, and could purchase end-aisle displays in major retail chains. Rules, engines, policies and metrics need to align.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 246

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. At Supply Chain Insights , this is our passion.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

OCTOBER 10, 2017

AGCO was honored to receive the AME 2017 Excellence Award. AGCO’s culture of innovation policy deployment enabled employees to pioneer a technology solution for manufacturing. The company stuck to a no-tether policy – no battery pack or phone attached to the device. Today, I got a quick email from Peggy Gulick. About Agco.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 152

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Secure Buy-In.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Precoro

MARCH 30, 2022

A procurement strategy defines how purchasing decisions are made. Strategic procurement allows obtaining well-structured and relevant data, which is indispensable for prioritizing purchases and balancing the quality and price of goods or services. Green Purchasing. To develop a procurement strategy, follow the ten steps below.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Game Changer

MAY 27, 2022

Strategic brand management focuses on long-term results, overseeing future brand development, and deliberately planning policies that add to the brand value. In this way, you will position yourself better in the market, because customers will know why they should buy from you. Target Audience. Research the market. Marketing Strategy.

Sourcing Strategies 90

Sourcing Strategies Supply Chain Design Software Price Reduction Supply Chain Planning Software 90

Elementum

FEBRUARY 7, 2024

Improving Business Operations with Digital Processes At the heart of operational excellence is the ability to optimize workflows through digital process automation. The development of digital governance frameworks helps enterprises stay within the legal boundaries while striving for operational excellence.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Precoro

SEPTEMBER 23, 2024

Efficient management of catalog items is one factor that distinguishes chaotic purchasing from organized procurement. Procurement teams that want to speed up the purchasing process and reduce errors while adhering to quality standards and budget limitations must have quick access to pre-approved items from vetted suppliers.

Procurement Solutions 82

Procurement Solutions Purchasing Skills Pricing Training Negotiating Skills 82

Supply Chain Shaman

OCTOBER 11, 2012

Procter & Gamble and Kimberly Clark); but for most companies that I have worked with, I see that they have purchased and implemented inventory technologies, but there has not been an impact on future years results in either Days of Inventory or Days of Working Capital. Ownership of Inventory as a Metric. What I Think it Means.

Inventory Reduction 247

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 247

HICX Solutions

JANUARY 27, 2022

Supplier Relationship Management is the relationship that develops between a buyer and supplier, which is subject to the exigency of the goods or services purchased and supplied to an organization and dictates the nature of the working relationship that the buyer should look to nurture with their suppliers.

Supply Chain Design Software 98

Supply Chain Design Software Modeling Software Procurement Solutions Optimal Sourcing 98

Supply Chain Shaman

OCTOBER 7, 2012

The goal here should be to make the right trade-offs between inventory strategies and manufacturing policies. In the determination of policies for each of these important horizontal processes invest in “what-if analysis” and test for feasibility based on predicted levels of demand and supply volatility.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

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.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Supply Chain Opz

AUGUST 2, 2018

While on the surface it is true to say that in most organizations inventory is a highly visible dimension of Supply Chain performance impacting company accounts and a key reportable metric of business performance. Foundational excellence in People, Process and Systems capability needs to underpin the deployment of the model.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

SCMDOJO

AUGUST 4, 2023

But times are changing, the use of reduce inventory offers more quality and useful performance metrics. The usage of useful performance metrics offered by the use of reduce inventory actually reward behavior that tends to enhance your products final quality. Putting a strict policy in place may help you reduce your inventory.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

Zipline Logistics

MARCH 18, 2020

It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Typically, they evaluate standard metrics like on-time delivery, inventory management, missed shipments, lead time, and costs. Tougher OTIF Standards at Sam’s Club.

Vendor Strategies 52

Vendor Strategies Procurement Analytics Buyer Training Supply Chain Planning Software 52

Supply Chain Shaman

NOVEMBER 14, 2016

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. At the very least, they should see a message indicating that the products are out of stock before they make the purchase.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. This clarity is vital for assessing compliance with internal policies, industry regulations, and ethical standards.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Tompkins Blog

JANUARY 3, 2014

Likewise, more emphasis needs to be put on monitoring operational performance, using the right metrics that impact the targets set by the overall business goals. Why will they buy our products? This involves major decisions about assets, locations, processes, people, technologies, and inventory policies. Download the paper here.

Inventory Reduction 53

Inventory Reduction Supply Chain Strategy Supply Chain Planning Software Price Mitigation Strategies 53

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. A further 41% said they buy multiple versions of the same item with the intent of returning some of them. Having a transparent and fair returns policy is an important first step.

Reverse Logistics 98

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

Supply Chain Game Changer

NOVEMBER 15, 2018

Executive Buy-In and Ongoing Support. First of all if you don’t have Executive Buy-In you are dead in the water. Metrics on quality, throughput, speed, waste and variations on all the above are likely captured precisely at every step of your operation. Honesty is the best policy about the objectives. Measurability.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Lean Purchasing Training Negotiating Skills 43