ToolsGroup

JUNE 2, 2023

Once upon a time, the world of manufacturing was a relatively stable place. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. So how does a manufacturer navigate this rollercoaster?

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

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. While this approach may result in short-term savings, it can be counterproductive in the long run.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

Logistics Viewpoints

AUGUST 1, 2024

In today’s dynamic business environment, disruptions like material shortages or changing customer preferences can cripple your bottom line. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Modeling 277

Modeling Network Optimization Supply Chain Design Software Material Savings 277

DELMIA Quintiq

AUGUST 7, 2023

Industrial equipment manufacturers today are operating in an increasingly complex and ever-evolving landscape. Furthermore, the manufacturing workforce gap is a growing concern across all industries. Furthermore, the manufacturing workforce gap is a growing concern across all industries. In this sector.

Material Savings 156

Material Savings Agile and Lean Supply Chain Manufacturing Procurement Inventory Reduction 156

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

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).

Optimal Sourcing 243

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 243

ModusLink Corporation

OCTOBER 27, 2021

Synergy is a core element present in many successful manufacturing strategies. The synergy effect within a business is the result of mutual interaction between two individual company elements, usually achieved by executing a specific strategy. There are many different manufacturing strategies. Different strategies.

Waste Reduction 78

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 78

ToolsGroup

OCTOBER 14, 2024

This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations. It played out as follows.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

Unleashed

OCTOBER 23, 2023

Efficiency in manufacturing comes from having the right preparation and the most cost-effective processes in your arsenal. Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Synovos

OCTOBER 30, 2023

In one case, a long-time packaging manufacturer changed its reporting structure, putting in place a new manager responsible for the MRO supply chain. Over the course of any client engagement, the calculus for material savings changes, priorities and focus areas evolve, as does the strategic direction of the provider.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

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. Supply Chain Knowledge and Risk Mitigation: Suppliers have a direct impact on direct spend with raw material and transportation costs as two big drivers of operating margins.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 242

DELMIA Quintiq

AUGUST 4, 2020

What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges. What are the benefits?

Aerospace 296

Aerospace Material Savings Expense Reduction Cost Reduction Strategies 296

Unleashed

JANUARY 25, 2023

In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

DELMIA Quintiq

NOVEMBER 17, 2020

New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

Logistics Viewpoints

JUNE 29, 2023

This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration.

Manufacturing Procurement 208

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 208

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

ToolsGroup

MARCH 24, 2021

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. There are many pieces of the modern manufacturing supply chain. The basic approach to inventory optimization. This is no easy task.

Modeling 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

SCMDOJO

DECEMBER 14, 2023

Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes. Procurement Lead Time: Efficient procurement lead time ensures timely access to raw materials, a fundamental step toward efficient production. Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 98

BlueYonder

MAY 10, 2024

Here are the trends our Blue Yonder Industry Strategy team sees for the upcoming quarter: Supply Chain and Technology Supply chains will remain volatile with escalating disruptions as a result of extreme weather effects and unrest across the globe. Speak to one of our Industry Strategy leaders today! Once bitten twice shy.

Vendor Strategies 101

Vendor Strategies Material Savings Resource Reduction Price Reduction 101

Logility

APRIL 17, 2023

As a manufacturing leader, you’re faced with constant disruptions, labor shortages, and the threat of job loss — time is of the essence. of supply chain managers using Excel spreadsheets to manage your inventory and supply chain, it’s time to make a change. If you’re one of the 67.4%

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 130

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 264

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 264

SCMDOJO

JULY 23, 2024

Keep reading as we discuss how you can avoid and reduce machine downtime to ensure no unexpected and stressful hiccups in your manufacturing process. Failing To Meet Demand If you unfortunately happen to have one or more machines down, this could halt production and reduce your output significantly.

Inventory Reduction 98

Inventory Reduction Waste Reduction Material Savings Resource Reduction 98

DELMIA Quintiq

MAY 11, 2022

Steel is a very versatile material as its composition and internal structure can be adjusted to tailor its properties. There is another important aspect of this material: recyclability. Steel is one of the most recycled material in the world. The graphic above highlights key metals manufacturing trends that are in place today.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

ToolsGroup

MARCH 26, 2024

Unique Partnership Delivers an End-to-End Network Optimization Solution to Seamlessly Integrate Supply Chain Design, Manufacturing Footprint and Probabilistic Planning and Execution for Leading Building Materials Manufacturer. Two of Cornerstone Building Brands’ business units — Aperture Solutions – U.S.,

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

Logistics Viewpoints

NOVEMBER 20, 2024

For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Transportation, warehousing, and manufacturing collectively contribute significantly to carbon emissions, making these areas critical for meaningful change.

Waste Reduction 198

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 198

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 111

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 111

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. Subscribe to Supply Chain Game Changer.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

OptiProERP

SEPTEMBER 22, 2022

Saving on operational costs is one of the biggest goals for manufacturing companies. Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Understanding the Manufacturing Cost. How Can You Reduce Manufacturing Costs?

Cost Reduction Strategies 52

Cost Reduction Strategies Waste Reduction Expense Reduction Vendor Strategies 52

ThroughPut

MAY 30, 2024

Material Requirements Planning (MRP) is a critical tool for manufacturers to effectively manage production scheduling, inventory control, and supply chain planning. Today, we are covering key elements of Material Requirements Planning (MRP) and its benefits, as well as the steps involved in implementing an effective MRP system.

Material Savings 52

Material Savings Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement 52

Unleashed

MAY 4, 2023

An endless aisle strategy can help you overcome the challenges of limited storage and locked-up cash flow. What are the strategies, what are the risks? Learn more: Unleashed’s Guide to Inventory Management Systems What is the endless aisle? Retail chains can also use endless aisle kiosks to reduce overheads.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Resource Reduction 52

Unleashed

APRIL 18, 2024

The manufacturing industry thrives on efficiency gains. Any opportunity to minimise waste and reduce your business costs means greater revenue, higher profits, and happier customers. Just-in-time (JIT) manufacturing is a production management approach that helps you lift efficiency and streamline your operational processes.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

RFgen

MAY 10, 2023

The ability to control costs is critical for effective inventory management. Regaining control over your inventory can make your warehouse and shop floor more efficient. Greater efficiency helps reduce costs and improve profit margins, giving you the edge over competitors. Often, you will find room for improvement. or higher.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Vendor Strategies 52

EazyStock

FEBRUARY 17, 2021

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 75

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Balancing supply and demand by orchestrating the flow of materials and information is a key requirement for managing operational risks.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 261