Supply Chain Shaman

APRIL 27, 2022

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.) Understanding this relationship requires modeling. (A

Procurement Analytics 353

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SCMDOJO

DECEMBER 29, 2024

Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.

Negotiating Skills 95

Negotiating Skills Purchasing Skills Purchasing Training Buyer Training 95

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. We’re talking real-time tracking, automated purchasing, and a whole lot less stress. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software.

Inventory Management Software 52

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SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Jaggaer

NOVEMBER 14, 2024

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.

Manufacturing Procurement 52

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SYSPRO Smarter ERP

NOVEMBER 18, 2024

Automotive distributors play a vital role in the automotive supply chain by procuring parts, warehousing them, and then supplying them to OEMs (original equipment manufacturer), retailers or end consumers. The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations.

Automotive 98

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Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

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Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

Manufacturing Procurement 98

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Logistics Viewpoints

OCTOBER 12, 2023

Lower-income consumers and those using food assistance programs care the most about food waste as a purchase driver—again, suggesting it is a response to higher prices.” The same “If” statement was repeated for a host of financial and operational metrics.

Supply Chain Design Software 316

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SCMDOJO

DECEMBER 29, 2024

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.

Optimal Sourcing 98

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Precoro

FEBRUARY 26, 2025

They integrate finance, HR, sales, and supply chain management into one complex platform. Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.

Procurement Solutions 45

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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. Inventory management Another area where digital twins can be beneficial is inventory management.

Modeling 312

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SCMDOJO

APRIL 11, 2025

Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of Supply Chain and Procurement KPIs? Struggling with the true cost of ownership or serving your customers?

Pricing Training 52

Pricing Training Negotiating Skills Purchasing Skills Optimal Sourcing 52

RFgen

DECEMBER 19, 2024

Essential technology solutions, including Warehouse Management Systems (WMS), Inventory Management Systems (IMS), and the transformative power of IoT and automation. Resource Management: Efficiently allocating labor, equipment, and storage space. Data-driven forecasting improves purchasing and cuts storage expenses.

Optimal Sourcing 97

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The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Purchase Order Management.

Supply Chain Software 246

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SYSPRO Smarter ERP

AUGUST 17, 2022

Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing. Using proven inventory management processes, supply chain design, and planning helps optimize your stock.

Optimal Sourcing 105

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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

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ThroughPut

APRIL 4, 2025

Challenges in Spare Parts Inventory Management Excess stock leads to high storage and capital costs. Supply chain disruptions create uncertainty in procurement. Key Strategies for Spare Parts Inventory Optimization 1. Key Strategies for Spare Parts Inventory Optimization 1. How to Optimize MRO Inventory?

Optimal Sourcing 52

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Logistics Viewpoints

JUNE 4, 2024

However, the juice for my newfound nightly routine soon became difficult to find, perpetually out of stock each time I tried to purchase it at the grocery store. In this blog, I will explore the use of AI/ML inventory planning for fresh products to optimize sales while minimizing waste and stockouts.

Inventory Reduction 304

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SYSPRO Smarter ERP

AUGUST 2, 2023

Food and Drug Administration (FDA) and other governmental entities necessitates continuous reporting on product traceability and adherence to exacting standards. The following are six key challenges faced by medical device manufacturers and how ERP analytics can transform operations—from regulatory compliance to supply chain optimization.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

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Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. Or planned orders to purchase orders?) In one of the case studies, a manufacturer reported that they had 1700 employees with the term “data” in their title, but they lacked insights. ” Anna, this blog post is for you. And how do we measure it? (Is

Supply and Demand 402

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Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

Logistics Viewpoints

FEBRUARY 3, 2022

Concurrent means to “happen at the same time,” so applying this principle to the supply chain, any change, to any input across the supply chain can be considered and evaluated by demand, supply, distribution, capacity, and purchasing; in real-time. A change to one link (e.g. on-time delivery). A change to one link (e.g. on-time delivery).

Inventory Reduction 331

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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

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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 105

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Logistics Viewpoints

FEBRUARY 28, 2023

So, if an organization has multiple inventory sources (warehouses, stores, drop shipping, Fulfillment by Amazon (FBA), etc.) they have a singular view of inventory and can call that singular file to determine the best place to fulfill orders. Need diapers delivered overnight? No problem. You got it.

Optimal Sourcing 278

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 278

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

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SCMDOJO

OCTOBER 23, 2024

SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supply chain management. Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. Save $49 and Optimize Your Indirect Procurement Functions Now!

Supply Chain Planning Software 93

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Supply Chain Shaman

DECEMBER 30, 2021

Truck drivers report that maintenance issues are a constant nightmare. Manufacturers build “control towers” but there no network dial tone between parties to enable prescriptive analytics and alerting.). There is not a one-to-one relationship between a container and a purchase order. Get Good at Inventory Management.

Supply Chain Design Software 452

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Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

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Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Agile and Lean Supply Chain 299

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 299

Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Management Software 98

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Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

ThroughPut

FEBRUARY 18, 2025

The Hidden Cost of Lost Uptime According to a Siemens report , in 2022 alone, unplanned downtime cost Fortune Global 500 companies $1.5 ThroughPut estimates $100 billion of this was due to parts-related downtime, showing the importance of inventory management. Inventory Management for Dynamic Lead times ThroughPut.AI

Inventory Reduction 52

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RFgen

DECEMBER 5, 2024

Lastly, customizable digital forms streamline reporting, document generation, and label printing, adding another layer of efficiency to your warehouse operations. Real-Time Inventory Management on Mobile Devices Knowing exactly what you have, where it is, and when it’s moving is critical to efficient warehouse management.

Inventory Management Software 97

Inventory Management Software Supply Chain Design Software Optimization Software Supply Chain Planning Software 97

Supply Chain Shaman

DECEMBER 7, 2023

I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan? Maximize the value of the purchase order flow data already in the existing networks. (A

Supply Chain Design Software 333

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