Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises. Do I need more inventory? Procurement managers need to focus on more than just saving money.

Supply Chain Visibility 219

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 219

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 105

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility.

Rail Software 198

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 198

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. Business model strategies.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Supply Chain Shaman

FEBRUARY 28, 2021

An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 221

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 81

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 81

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

Supply Chain Planning Software 84

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 84

The Logistics of Logistics

MARCH 18, 2022

On a personal level, Tom is a dad, lover of sports, and exercise fanatic. With SourceDay’s suite of collaborative products, procurement teams can trace a single part from PO issuance to acknowledgment and final delivery, giving organizations unprecedented visibility into the first mile of their supply chain. About SourceDay.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Software Procurement Solutions Logistics Network Optimization Software 130

Supply Chain Game Changer

JANUARY 10, 2019

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. So why are so many organizations still in the beginning of this process?

Optimal Sourcing 61

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 61

Enterra Insights

JUNE 22, 2021

Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls. ” Journalists Jen A. For how long?

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

QAD

MARCH 5, 2020

The industry can sell pills, fad diets and short-cut exercise programs, but the bottom line is that most people who know will tell you the simple fact is you can’t outwork a bad diet. And all the way through for my hundreds or even thousands of vendors, and even if I have been doing business with vendors for years, I do the exercise.

Vendor Strategies 145

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 145

Logility

MAY 20, 2021

According to McKinsey and Company , with a digitization of the supply chain they have the capacity to save 75% of lost sales, reduce transport and warehousing costs by 30%, and decrease 80% of administrative costs – all while cutting inventory by 75%.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

SCMDOJO

JUNE 14, 2024

Paul Denneman , a Master APICS® Instructor with over 20 years of experience, and Maryna Trepova , a renowned procurement expert, are just a few of the instructors leading the way. Demand Forecasting: Develop accurate forecasts of future customer demand to optimize inventory levels and production planning. No problem!

Buyer Training 104

Buyer Training Supply Chain Design Software Price Mitigation Strategies Supply Chain Planning Software 104

Enterra Insights

AUGUST 11, 2022

Make and exercise contingency plans. Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

ivalua

SEPTEMBER 19, 2022

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

JDA software

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Let’s take a closer look at each of these key areas.

Supply Chain Design 75

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 75

Supply Chain Game Changer

OCTOBER 11, 2022

For instance, the quality of inventory storage and manufacturing efficiency impact delivery lead times. Communication of this kind will prevent any procurement delays. Examine every point of the manufacturing process and pay attention to on-site inventory storage. The benefits of this exercise are enormous.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

SCMDOJO

AUGUST 21, 2023

With 15,900 followers, he has carved a niche for himself by using fitness-related analogies and exercises to explain complex supply chain concepts. These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network.

Negotiating Skills 98

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 98

SYSPRO Smarter ERP

AUGUST 22, 2022

Challenge: The supply of raw materials and achieving optimum inventory levels. Without the proper procurement, receipt and storage of the materials needed to carry out the business activity it is impossible for the metal fabricator to begin the manufacturing process or market its products.

Supply Chain Design Software 105

Supply Chain Design Software Demand Planning Software Manufacturing Procurement Optimization Software 105

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It covers the three main procedures that make up effective supply chain planning: demand planning, sales and operations planning, and inventory and supply planning.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge Three: Nurture procurement and supplier relationships ERP analytics ensures adherence to ethical standards and compliance with industry regulations, fostering transparency and accountability. The ability to monitor transfers between multiple warehouses provides complete visibility, ensuring efficient inventory management.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

NC State SCRC

SEPTEMBER 2, 2021

The team should include people from security operations, emergency management, supply chain management, inventory and warehouse management, IT, legal, finance, audit, and quality. The team should organize scenario planning, simulations (“table top exercises”), and training. Make funds available for emergency actions.

Manufacturing Procurement 89

Manufacturing Procurement Scenario Planning Supply Chain Planning Agile and Lean Supply Chain 89

ThroughPut

AUGUST 8, 2024

Overview You’ve been there time and again—inventory headaches. No matter what you do, it feels like your inventory is conspiring against you: always too much or too little, and it’s not just by chance that you find yourself in this familiar predicament. Inventory management tools, on the other hand, don’t face these particular issues.

Inventory Management Software 52

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

Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. ” Cognitive technologies can help those exercises as well as contribute to other areas of risk management.

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise.

Inventory Reduction 108

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 108

Supply Chain Game Changer

JULY 2, 2021

We’ve interviewed executives in Retail , Public Sector , Procurement and other industries and disciplines to get a sense of how the industry is reacting, not only to navigate the immediate challenges, but to future proof themselves from future disruption. The latest major disruption that has the entire supply chain world buzzing?

Shipping 105

Shipping Agile and Lean Supply Chain Supply and Demand Price Reduction 105

Supply Chain Shaman

FEBRUARY 25, 2016

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. This is the world view of finance and why there is so much friction between procurement and finance.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Arkieva

OCTOBER 20, 2015

What can cause disruptions on a certain production line, are there alternatives for a specific STO flow… make sure that once you have completed this exercise, you have a thorough understanding of how your business operates including the bottlenecks and potential threats. Procurement lead times (supplier to location). Current inventory.

Modeling Software 60

Modeling Software Modeling Supply Chain Planning Software Procurement Solutions 60

o9 Solutions

MAY 22, 2020

Many companies struggle to have one comprehensive view on all of their capacities, constraints, inventory and alternatives across the network. How do you ensure that this is not a one-time exercise but a continuous one, as it should be? Think about a sensor at a factory line or from an inventory location. But where to start?

Supply Chain Planning Software 98

Supply Chain Planning Software Analytics Software Forecasting Software Supply Chain Planning 98

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Talking Logistics

MAY 22, 2016

You have to optimize your [transportation, inventory, manufacturing, or other business process] to maximize your costs savings and benefits,” is what industry analysts, consultants, academics, and solution providers have been preaching for decades. The word “optimization” is ubiquitous in the supply chain and logistics industry.

Optimal Sourcing 104

Optimal Sourcing Optimization Software Modeling Supply Chain Optimization 104

Enterra Insights

DECEMBER 15, 2021

The phenomenon can lead to the rapid expansion of manufacturing capacity, including accelerated procurement of supplies, labor, warehouse space and transportation for finished goods, often at a cost premium.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 130

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 82

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 82

Supply Chain Game Changer

SEPTEMBER 12, 2022

But the more intellectual exercise is to figure out what happened to create those problems in the first place. The company had hired a new Chief Procurement Officer. The Supply Chain Detective and the Inventory Turnover Mystery! But as I crawled into the details I learned that they only had 5-6 inventory turns.

Supply Chain Software 83

Supply Chain Software Supply Chain Planning Supply Chain S&OP 83

CH Robinson Transportfolio

OCTOBER 28, 2014

Conduct a procurement exercise at the same time of year, every year. Leave inventory in strategic locations, balancing inventory carrying costs against (potentially) higher transportation rates? There’s nothing wrong with seeking competitive rates at a given point in time. Explain your plan for capacity this year.

Negotiating Skills 69

Negotiating Skills Pricing Training Agile and Lean Supply Chain Supply Chain Planning 69

SCMDOJO

MAY 27, 2024

SCMDOJO offers a range of courses that cover various aspects of supply chain management, including inventory management, logistics, procurement, soft skills, warehousing, supply chain digitalization, and more. In addition to courses, SCMDOJO offers best practices, guides, and tools that help revolutionize your business.

Supply Chain Design Software 94

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Inventory Management Software 94

SCMDOJO

MARCH 25, 2024

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Get Familiar with WMS : Explore warehouse management systems to understand how they enhance inventory tracking and improve order fulfillment.

Negotiating Skills 97

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 97