Logistics Viewpoints

JUNE 29, 2023

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Configure to Order: This strategy involves customizing standard products based on customer specifications.

Manufacturing Procurement 209

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 209

Procurement Academy

JULY 19, 2024

Procurement transformation, although innovative and beneficial, often arises alongside a resistance to change, lack of skills and data issues within teams. As modern supply chains become larger and more intricate, strong procurement strategies are needed to minimize any risk and maximize growth and efficiency.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

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? Let’s break them down.

Procurement Solutions 82

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

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. The Solution The company began working with RS Integrated Supply more than 10 years ago, when a punch-out procurement system was introduced.

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

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 80

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 80

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication. This then sub-optimises the supply chain.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

RFgen

JUNE 30, 2023

Prioritizing technology solutions in today’s digital environment is a necessity. Gone are the days of paper inventory tracking and manual data entry. The businesses of tomorrow need technology solutions that give real-time information in order to make key business decisions when it comes to inventory.

Inventory Management Software 78

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 78

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. They are no longer just vendors of goods and services.

Manufacturing Procurement 243

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 243

ToolsGroup

SEPTEMBER 30, 2024

Moreover, the proliferation of e-commerce is reshaping how aftermarket products are purchased. Consumers increasingly turn to online platforms to buy replacement parts and accessories due to the convenience of browsing a wide range of products, comparing prices, and making purchases from home.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

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. With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference.

Inventory Reduction 238

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 238

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 66

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 66

ToolsGroup

MARCH 30, 2022

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. What critical issues have you addressed with this solution? Fewer stock shortages and reduced obsolete inventory.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

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? “ , explores how direct procurement can substantially enhance the manufacturing process. Here are some key insights from the e-book.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 52

EazyStock

AUGUST 21, 2020

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? There are many financial benefits to introducing stock reduction strategies – in particular focusing on your excess and obsolete items.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

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

BlueYonder

AUGUST 20, 2024

Unfortunately, the pressure to meet demand often leads to reactive strategies that can damage brand reputation and bottom line. Or the inverse, where customers can discover a product in-store and complete the purchase online or through a mobile app.

Sourcing Strategies 93

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 93

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Read more: What is Inventory Management? But excess inventory also comes with a variety of problems. Techniques for 2022. Less waste.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Precoro

JULY 1, 2024

Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Group purchasing organizations can be the perfect way for these companies to increase cost savings. Learn how they work, their benefits and limitations, and how they fit in with procurement software.

Purchasing Skills 84

Purchasing Skills Procurement Solutions Procurement Analytics Negotiate Pricing 84

Logistics Viewpoints

OCTOBER 24, 2024

Their copilot-style solution is known as Joule. SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.”

SAP 242

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 242

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

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

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 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

Unleashed

SEPTEMBER 2, 2024

Purchase order (PO) systems are software tools that help you manage the end-to-end purchase order process. They streamline procurement workflows by automating key tasks such as purchase order creation, approval, distribution, and tracking. What is a purchase order system?

Procurement Solutions 52

Procurement Solutions Inventory Management Software Procurement Analytics Supply Chain Planning Software 52

ThroughPut

JULY 4, 2024

The health of your business is directly proportional to the health of your inventory. Both excess and depleting inventory can negatively impact your revenue. The best inventory management software, powered by these advanced technologies, can not only assist you with daily tasks but also support business-level strategic planning.

Inventory Management Software 52

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

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 182

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 182

Unleashed

OCTOBER 23, 2023

Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals. Production planning is the process of developing a strategy for the production of a company’s products and services.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Unleashed

JUNE 26, 2024

An enterprise resource planning (ERP) inventory system provides an integrated solution for managing inventory, operations, and financial planning. This quick guide dives into the concept of ERP inventory management, outlines the benefits and risks, and provides some best practices for implementing an ERP inventory system.

Inventory Management Software 52

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

Logility

SEPTEMBER 1, 2023

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Fortunately, with the advent of artificial intelligence (AI), demand forecasting software has undergone a significant transformation. However, traditional forecasting methods often fall short in accuracy.

Forecasting 173

Forecasting Forecasting Software Demand Planning Software Modeling 173

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. What is a B2B CRM?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

Unleashed

JUNE 4, 2024

The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 52

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Or reduce carrying costs.

Inventory Management Software 81

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 81

ThroughPut

OCTOBER 18, 2024

CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network. Growing at an overwhelming rate of 11.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 52

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52