Procurement Academy

OCTOBER 19, 2023

Advance Procurement Excellence with Expert Negotiation Strategies With procurement excellence comes multidimensional skills. By identifying cost-saving opportunities like bulk purchase discounts, they can significantly impact both an organization’s profitability and market competitiveness.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Logistics Viewpoints

DECEMBER 1, 2022

Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. 2030 call: Retailers will embrace sustainability for home delivery. Figure 1: U.S. Source: Descartes Datamyne.

Predictive Analytics Software 227

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 227

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. Let’s take a couple of examples: Retail Available to Promise (ATP). A major retailer has 33 instances of Manhattan. days to receive a purchase order confirmation. The average purchased order changes 3.5

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

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 team was not calibrated on the role of forecasting and the basics around process excellence. Granularity also differs. Models Matter.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

Locus

JUNE 20, 2024

When people think of retail, they first think of Amazon or Walmart, the world’s largest retailers. Their ability to provide industry-leading customer experiences that are convenient, flexible and predictable has made them a leader in the retail space. That’s not by accident. Take Amazon for example: it ships a mind-boggling 1.6

Analytics Software 52

Analytics Software Logistics Network Optimization Software Predictive Analytics Software Supply Chain Network Software 52

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

GlobalTranz

APRIL 16, 2018

There is no doubt, that the retail landscape is increasingly looking like an online one as traditional brick-and-mortar retailers, such as Toys R Us, Foot Locker, and Best Buy mobile shutter hundreds of stores unable to keep up with the changing customer that wants fast, free delivery all with just a click of a button.

Prescriptive Analytics Software 161

Prescriptive Analytics Software Supply Chain Planning Software Retail Analytics Software 161

Supply Chain Matters

APRIL 28, 2023

Supply Chain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment. Refocusing on Operational Excellence In the previous section, we identified a number of drivers for operational efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Logility

SEPTEMBER 24, 2013

You’ll note in the headline I use the preposition “of” instead of “to” when describing the “journey of Supply Chain Excellence.” The differentiator is whether Supply Chain Excellence is defined as a one-time project or as on ongoing process. Circuit City failed to adapt and is now history.

Eliminating Excel in Purchasing 100

Eliminating Excel in Purchasing Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 100

SupplyPike

MAY 14, 2020

The importance of supply chain management What to watch while consumers are panic buying How to implement supply chain management Supply chain management and Walmart. With rising consumer demand, retailers are under pressure to stock the merchandise in demand or lose consumers to another who can fulfill the same demand. Learn about.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. The result? The reason? Is this leadership?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Silvon Software

NOVEMBER 14, 2024

POS data provides valuable insights that can lead to increased sales, better customer satisfaction, and sustainable market growth in the fast-paced retail and e-commerce sectors. Retailers typically make this data available through proprietary portals, which may vary in terms of data granularity and update frequency.

Inventory Reduction 59

Inventory Reduction Price Reduction Resource Reduction Optimal Sourcing 59

Veridian Solutions

JANUARY 23, 2019

It refers to the ability to buy online and pick up in store. retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. Because retailers are increasingly going omnichannel as a result of the “Amazon Effect,” retailers have started using stores-as-a-distribution center (SaaDC).

Retail 49

Retail Eliminating Excel in Purchasing Omnichannel Procurement Analytics 49

Locus

DECEMBER 23, 2022

Not only this, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. This is reason enough for retailers to double down on their delivery efforts in the last mile. Retailers must be able to cater to the unique delivery preference of their customers. Download the Casestudy.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

Talking Logistics

OCTOBER 5, 2016

During my trip to England earlier this year , I had the opportunity to explore those questions and more with Brian McCarthy, Logistics Director at Dreams , Britain’s leading bed retailer. As McCarthy put it, after a customer buys a bed, it’s his responsibility “to make sure we deliver it to their home brilliantly.”

Eliminating Excel in Purchasing 0

Eliminating Excel in Purchasing Supply Chain Network Software Supply Chain Planning Software Optimization Software 0

Veridian Solutions

JANUARY 14, 2019

It refers to the ability to buy online and pick up in store. retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. Because retailers are increasingly going omnichannel as a result of the “Amazon Effect,” retailers have started using stores-as-a-distribution center (SaaDC).

Retail 40

Retail Eliminating Excel in Purchasing Procurement Analytics Omnichannel 40

Supply Chain Insights

JANUARY 18, 2018

Here are my predictions for 2018: Supply Chain Excellence as We Know It Is Redefined. Supply chain excellence definitions evolve as companies explore the Art of the Possible. This includes SCOR, APICs, Gartner Top 25 Supply Chains, Gartner Hierachy of Metrics, etc. Retail Value-Chain Collaboration Takes a Nose Dive.

Prescriptive Analytics Software 197

Prescriptive Analytics Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 197

Logistics Viewpoints

SEPTEMBER 20, 2022

As a result, a wide range of businesses, from restaurants, and retail chains, to manufacturers, have been redesigning their business services and operations and re-engineering their supply chains. They can adjust quantities and generate supplier replenishment orders in PDF or Excel as needed. Emerging Themes for Supply Chain Planning.

Supply Chain Planning Software 221

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 221

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration. ” – Joel Beal, CEO and Cofounder @Alloy.ai

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

SCMDOJO

AUGUST 10, 2024

Moreover, they help them track their performance against key metrics and identify areas where they can improve. Watch how to use this Logistics KPI Dashboard Excel Template by SCMDOJO Conclusion for Improving Logistical Efficiency In conclusion, optimizing logistical efficiency requires a holistic approach that encompasses various strategies.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 98

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. In consumer goods industries, better forecasting leads to lower fines from retailers for late or incomplete deliveries. This increases sales.

Forecasting 213

Forecasting Forecasting Software Modeling Optimal Sourcing 213

6 River Systems

AUGUST 19, 2020

Today, anyone can start a retail business with a couple of clicks on a laptop from a café. Manufacturing companies have the option of selling directly to consumers without the help of any retail middle men. Here are five supply chain management tips for the retail industry to bring in sustainable profits.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Analytics Software Sustainability 59

Supply Chain Shaman

DECEMBER 23, 2014

In the last decade, ecommerce was a permissible and desirable channel only for retailers. They were afraid of retail retaliation. Today, only 58% of retailers have a good PI signal in their stores, and only 60% have a good PI signal in their distribution centers. In 2014, ecommerce strategies grew in importance. Redefine it.

Packaging 290

Packaging Inventory Reduction Supply Chain Design Software San Francisco 290

Supply Chain Network

DECEMBER 14, 2013

RILA Supply Chain 2014 will highlight this ongoing evolution from a discrete multi-channel stream to a full track entitled Omni-channel which includes the 4 interesting presentations identified below: The Impact of Omni-channel to the Retail Supply Chain & the Total Customer Experience. David Sisco, Vice President Retail Marketing, UPS.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

Supply Chain Shaman

JANUARY 28, 2015

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Insights

MAY 17, 2017

Over the past several years I have been involved with some rather sophisticated technologies around consumer goods and retail. One of the more exciting solution areas I have worked with is Clientelling – a software application that is typically deployed by a retailer, but can also serve the supplier’s objectives as well.

Procurement Solutions 110

Procurement Solutions Predictive Analytics Software Modeling Software Supply Chain Planning Software 110

ShipBob

OCTOBER 24, 2022

Proper demand forecasting and inventory control can help ensure a business doesn’t buy insufficient or excessive inventory. Demand forecasting can help you spend less money on both inventory purchase orders and warehousing , as the more inventory you carry, the more expensive it is to store. Ryan Casas, COO of iloveplum. Competition.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. Some interesting insights: There were 0 companies from Retail, Paper & Packaging, Pharmaceutical, or Medical Devices. Most of this middleware was Excel and Meetings.

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Supermarkets, retailers and importers are beginning to lift prices in response to the crises, essentially passing the costs onto their customers. Even in Malaysia, retail sales during Christmas and Chinese New Year showed an 26.5% Brand loyalty is no longer the driver for consumer purchasing decisions.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Enterra Insights

JUNE 24, 2022

Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them. Whether in a retail store or a warehouse, associates simply swipe the barcode across the scanner. ” How Barcodes Work. Errors in barcodes themselves are extremely rare.”

Supply Chain Design Software 130

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

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Calculating the reorder point in Excel. Calculating the reorder point in Excel – a caveat. Example 2: The reorder point for retail and distribution.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

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

Supply Chain Shaman

JANUARY 18, 2016

For December 2015, retail sales were the lowest since 2009. Customers are buying less. The Amazon Impact is having an impact on Wal-Mart and retail in general. The days of going to a brick and mortar store to buy product is only one of the ways that people want to buy. What does this mean? The difference?

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150

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. How ShipBob helps retailers track and achieve ecommerce KPIs. Why are ecommerce performance metrics important to your online store? Table of Contents. Sales KPIs.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Sneakers are then sold to the wholesaler B and later distributed to the retailers C and D. In this case, manufacturer A is a vendor for B, and wholesaler B is a vendor for retailers C and D.

Manufacturing Procurement 75

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 75

Unleashed

OCTOBER 6, 2021

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

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