Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. Making sure these purchases are of high quality and compliant with relevant laws and regulations also falls under the CPO’s responsibilities.

Negotiating Skills 89

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 89

Logistics Viewpoints

AUGUST 28, 2024

AI and machine learning tools identify patterns, predict issues, and suggest ways to optimize operations. Having a well-documented DPP also makes it easier to report to regulators and stakeholders. Why DPPs Matter Consumers today expect transparency about the products they purchase.

Optimal Sourcing 251

Optimal Sourcing Optimization Software Modeling Supply Chain Optimization 251

Supply Chain Shaman

APRIL 27, 2022

Supply chain excellence is easier to say than to explain. At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.)

Procurement Analytics 341

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

My Office Apps

JANUARY 16, 2024

Start Your Year with Cloud-Based ERP: The Ultimate Guide to Operational Excellence Begin your year on a transformative note by embracing the power of Cloud-Based Enterprise Resource Planning (ERP) systems. Real-Time Analytics and Reporting: Offers advanced analytics for real-time insights, empowering decision-makers with data-driven choices.

Optimal Sourcing 82

Optimal Sourcing Eliminating Excel in Purchasing Manufacturing Procurement Procurement Analytics 82

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” ” Or “push a shift from a focus on cost to drive value?” And, how do you tie functional excellence to corporate value?”

Manufacturing Procurement 394

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

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Supply Chain Shaman

JANUARY 9, 2024

How Do You Define Excellence? As an old gal, with over forty-years of supply chain experience, writing this report for ten years taught me many lessons. In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Humility exudes from my fingers as I type this post.

Supply Chain Planning Software 300

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 300

SCMDOJO

APRIL 20, 2023

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

Negotiating Skills 116

Negotiating Skills Optimal Sourcing Procurement Analytics Manufacturing Procurement 116

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. Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 173

Supply Chain Shaman

APRIL 19, 2021

“We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. And, what are you trying to model? How do you define excellence in planning? Companies that buy technologies from an RFP process have a high likelihood of ending up in this predicament. I question, “How is this possible?”

Supply Chain Planning Software 284

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 284

Supply Chain Shaman

MAY 13, 2024

How aligned do you believe your organization is to drive these metrics? Observations on What It Takes In the Mea Culpa post, I wrote that I used to believe that excellence in S&OP was a ratio of 60/30/10. (60% 60% change management, 30% process and 10% technology.) (See the World Kitchen case study in the Agility Report.

S&OP 352

S&OP Supply and Demand Inventory Reduction Expense Reduction 352

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 82

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

Supply Chain Shaman

FEBRUARY 1, 2024

This is why I host training twice a year to challenge existing technology paradigms. I see a preponderance of reports and white papers that have lots of pages but say little. Optimization engines to improve functional metric performance resulted in an exploding number of planners. 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

NOVEMBER 21, 2024

Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. ” My problem is that we move through these hype cycles with little accountability for spending and with a major opportunity cost to not redefine work. How do I train and maintain the logic?”

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 195

ivalua

AUGUST 21, 2022

As a Procurement Leader, carbon neutrality by 2050 should be a central focus and Dr. Natacha Tréhan’s comprehensive research offers practical tips to get you on track. First, let’s start with procurement and how it plays a significant role in reducing the carbon footprint with 3 key areas of impact: – Actions with suppliers.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Material Savings Supply Chain Design Software 130

Logility

JULY 22, 2024

As Raheel Hussain, Director of the Supply Chain Center of Excellence at Reynolds Consumer Products notes during a recent webinar , a level of synchronization is critical to systemically share information and cut down the constant offline back-and-forth (conversations) between different functions.

Continuous Improvement 203

Continuous Improvement Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 203

Synovos

NOVEMBER 10, 2023

The assessment focuses on 21 sustainability criteria that are grouped into four themes: environment, labor and human rights, ethics, and sustainable procurement. ESG Report: FY24 www.rsgroup.com/media/bsocsl4m/rs-group-esg-h1-highlights-pack_-november-23.pdf

Eliminating Excel in Purchasing 105

Eliminating Excel in Purchasing Groups Optimal Sourcing Manufacturing Procurement 105

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Shaman

NOVEMBER 11, 2020

Today, supply chain excellence matters more than ever. Note the lack of training on next-generation supply chain thinking in Figure 1. Until there are clear answers, business leaders should avoid buying software from companies with deep investments by venture capitalists. Kinaxis Purchase of Rubikloud. Evolution is messy.

Supply Chain Design Software 307

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 307

Supply Chain Shaman

FEBRUARY 18, 2021

Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

ToolsGroup

DECEMBER 11, 2023

Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns. Deep discounting as a survival strategy According to McKinsey , deep discounting is a primary strategy that retailers are using to survive the retail contraction caused by Covid-19.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity.

Modeling 269

Modeling Analytics Software Supply Chain Design Software Optimization Software 269

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Elementum

FEBRUARY 7, 2024

Digital Process Optimization: Streamlining Business for Efficiency In the race to streamline operations and elevate efficiency, Digital Process Optimization (DPO) emerges as a critical strategy for businesses looking to innovate and scale. Key Takeaways Digital processes enhance business agility and operational efficiency.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. The sad thing is that most companies will never know because they are blindly measuring the wrong metric and driving a supply-centric agenda. Let me explain.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Precoro

DECEMBER 28, 2023

Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Redbud Brands went from not knowing if a purchase order was approved to making every payment in time. There was no tracking system in place on the procurement nor on the finance side.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Supply Chain Planning Software Supply Chain Software 90

Supply Chain Shaman

JUNE 28, 2021

In 2004, I worked with a Midwest North American meatpacker to help define its supply chain strategy. The group needed a clear market signal on consumption patterns and the translation of demand with minimal latency to optimize price, mix, and schedule the factory to manage margin. To illustrate, let me share a story.

Supply Chain Planning Software 236

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 236

Logistics Viewpoints

JUNE 8, 2023

Previously, only large companies such as Amazon and FedEx possessed the network and scale required for cost-effective same-day and next-day shipping. However, advancements in technology have made it possible for any company to automate and optimize their last-mile delivery operations.

Modeling Software 228

Modeling Software Optimization Software Supply Chain Network Software Logistics Network Optimization Software 228

SCMDOJO

APRIL 4, 2023

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Logistics Viewpoints

APRIL 21, 2022

On one hand, consumers expect to increase their online purchases post-pandemic. Retailers and delivery services companies that can break through today’s cycle of mediocre home delivery performance stand an excellent chance of improving customer loyalty and growing market share. Here are three charts that paint the whole picture.

Optimal Sourcing 234

Optimal Sourcing Eliminating Excel in Purchasing Purchasing Skills Sourcing Strategies 234

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Shaman

MAY 26, 2023

The basic frame of supply chain planning–functional taxonomies for optimization on a relational database–must be redesigned before supply chain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). Graph architectures also use different optimization technologies.

Optimal Sourcing 345

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 345

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users.

Procurement Analytics 105

Procurement Analytics Report Data Optimal Sourcing 105

Supply Chain Shaman

NOVEMBER 21, 2022

” As I dipped my spoon into some scrumptious chestnut soup at a great restaurant, my companion asked, “With the advancements in optimization and self-learning, aren’t we close to having self-driving supply chains?” However, the prior beliefs of functional efficiency delivering supply chain excellence linger.

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 301