Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

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

RFgen

JULY 31, 2024

Inventory and warehouse performance are powerful, often underappreciated, tools for boosting customer satisfaction and increasing profitability. Effective inventory and warehouse management directly impact a business’s ability to meet customer expectations by ensuring timely deliveries, accurate order fulfillment, and reduced errors.

Inventory Reduction 69

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 69

Precoro

OCTOBER 28, 2024

In this article, we explore what SRM software is and discuss proven strategies for efficient partnerships with suppliers. While these aspects may not fall directly under supplier relationship management, integrating them into your SRM strategy is highly beneficial. Crafting tailored strategies for different supplier segments.

Procurement Solutions 64

Procurement Solutions Supply Chain Planning Software Supply Chain Network Software Optimization Software 64

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

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 64

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 64

ThroughPut

JUNE 5, 2024

Now, imagine if Sara’s applied the same supply chain strategy to both of these types of customers and channels. Customer segmentation offers numerous benefits, including the ability to prioritize profitable customers and products, optimize inventory management, and more. What Are the Benefits of Customer Segmentation in Supply Chain?

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

ThroughPut

JUNE 5, 2024

Now, imagine if Sara’s applied the same supply chain strategy to both of these types of customers and channels. This strategy involves dividing your network into segments where demands and supply responses are harmonized to achieve the greatest net profitability. If your answer to one or both of the above is a no, this blog is for you.

Inventory Reduction 52

Inventory Reduction Material Savings Sourcing Strategies Resource Reduction 52

Unleashed

SEPTEMBER 28, 2023

If you’ve ever had inventory sitting in the storeroom or warehouse unused, unsold, and taking up space – you’ve experienced dead stock. Fortunately, efficient dead stock inventory management can help you avoid those losses. It can appear in the form of raw materials, in-progress inventory, or finished goods. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Unleashed

MAY 30, 2024

Determining a product’s optimal price is one of the most important actions for maintaining a successful business. Effective product pricing should ensure you incorporate all the costs to produce goods and still make a profit. Why is optimal product pricing important?

Price Reduction 52

Price Reduction Negotiating Skills Purchasing Skills Negotiate Pricing 52

crisp

SEPTEMBER 19, 2024

Selling on Amazon and designating inventory for easy fulfillment out of their warehouses ( FBA ) is another. Additionally, metrics like digital transactability, or PEAT (Published, Eligible, Available, Transactable), offer insights into a product’s readiness for e-commerce, ensuring products are fully prepared for digital sales channels.

Sourcing Strategies 40

Sourcing Strategies Inventory Reduction Price Reduction Vendor Strategies 40

crisp

SEPTEMBER 19, 2024

Selling on Amazon and designating inventory for easy fulfillment out of their warehouses ( FBA ) is another. Additionally, metrics like digital transactability, or PEAT (Published, Eligible, Available, Transactable), offer insights into a product’s readiness for e-commerce, ensuring products are fully prepared for digital sales channels.

Sourcing Strategies 40

Sourcing Strategies Inventory Reduction Price Reduction Vendor Strategies 40

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. While many businesses are interested in procuring the best quality goods and services at the cheapest price, cost is not the only procurement factor. Contemporary business procurement has evolved and is now largely value-driven.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Unleashed

NOVEMBER 7, 2023

To master all these channels, you need a strategy that ties them together. It also allows you, the merchant, to cut down on admin and grow your sales. We’ll also cover a few best practices for perfecting your omnichannel strategy. Enter: omnichannel fulfilment.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

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. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. In addition to the benefits mentioned above, here are some more reasons why you need procurement KPIs : Reduce supply risks and prevent maverick spending. Cost Reduction.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

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

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 362

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 362

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Unleashed

FEBRUARY 22, 2023

Below are seven effective strategies for improving your cash flow management during a crisis. Times of crisis often lead to supply chain disruptions, reduced workforces, and longer lead times. Below are seven strategies to consider. As modelled by Tesla, this strategy can help increase cash flow in the short term.

Inventory Reduction 52

Inventory Reduction Expense Reduction Cost Reduction Strategies Price Reduction 52

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

SCMDOJO

AUGUST 16, 2023

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 98

SCMDOJO

APRIL 29, 2024

By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

Supply Chain Planning Software 98

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

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 83

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 83

RFgen

JUNE 30, 2023

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. It’s also critical to your inventory management strategy. Case Study: NFPC Enhances ERP to Gain 99.9%

Inventory Management Software 75

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 75

Silvon Software

NOVEMBER 14, 2024

Some of the most common real-world applications of POS data analytics include: Sales Analysis to identify trends in customer behavior, assess the effectiveness of pricing strategies, and evaluate the success of marketing campaigns.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Optimal Sourcing 52

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting. Don’t worry.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

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 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Logistics Viewpoints

DECEMBER 15, 2022

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit.

Optimal Sourcing 214

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 214

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Better forecasting can drastically cut costs.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. The group’s response is, “Are these supply chain metrics?” show a clear gap in performance.

Supply Chain Planning Software 300

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 300