Logistics Viewpoints

JANUARY 6, 2025

The buyers dont report to Mr. Gainsford. But the chief procurement officer has been made aware of the 10% of suppliers not participating. They lead to poor customer fulfillment, higher inventory, and higher shipping costs. He painstakingly spoke to each of them to get their buy-in. He needed to influence them. You took 30 days.

Supply Chain Transformation 285

Supply Chain Transformation Supply Chain Software Purchasing Training Buyer Training 285

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. Belief in efficient procurement.

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

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

DECEMBER 5, 2024

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Supply Chain Software 52

Logistics Viewpoints

JULY 24, 2024

The report, which comprised 310 respondents, provides a cross-industry snapshot of the current state of RPA in supply chain, including the likelihood of implementation as well as the benefits and obstacles surrounding RPA deployment. Like any technology, RPA has different levels of penetration across each of these areas.

Supply Chain Software 305

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Inventory Reduction 305

The Logistics of Logistics

FEBRUARY 11, 2022

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. That may be because a company might already have an inventory system and wonders what additional capabilities they will get with a new WMS. Inventory Management vs Warehouse Management: Main Differences.

Inventory Management Software 182

Inventory Management Software Inventory Management Warehousing Inventory 182

ToolsGroup

MAY 25, 2021

The importance of having the right inventory at the right price to service customer demand is crucial. Calculating and maintaining optimal levels of inventory is increasingly complex in this market as a result of long lead times, exchange rate volatility, economic factors, tariffs, political unrest, pricing trends, etc.

Optimal Sourcing 260

Optimal Sourcing South Africa Modeling ToolsGroup 260

ThroughPut

FEBRUARY 18, 2025

In todays fast paced industrial world, inventory mismanagement poses substantial financial risks. With approximately $30 trillion of trade flowing from node to node, inventory rebalancing or mismanagement contributes to two major and often preventable issues: lost uptime, and lost sales. The Solution: ThroughPut.AI

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

Precoro

FEBRUARY 26, 2025

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.   Keep reading to learn: What Is ERP in Procurement?

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. By automating this process, you reduce errors and improve financial reporting accuracy.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

Sourcing Strategies 92

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 92

RFgen

JANUARY 16, 2025

That’s where manufacturing inventory management software comes in. In this ultimate guide, we’ll break down everything you need to know about manufacturing inventory management software. Its your single source of truth for inventory, constantly updated and readily available.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Supply Chain Planning Software Optimization Software 52

Logistics Viewpoints

JUNE 29, 2023

A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 257

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 257

Enterra Insights

NOVEMBER 14, 2024

It can look like using supply chain finance as a lever to free up cash flow, and it can also look like allocating resources toward initiatives such as geographical diversification, the creation of inventory buffers, sustainability, and artificial intelligence. ” • Evaluate and adjust procurement category strategic responsibilities.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning 130

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

Automotive Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

Enterra Insights

DECEMBER 17, 2024

IoT devices track inventory in real time, providing valuable insights into stock movement, reducing waste, and ensuring products are available when needed.” ” Inventory optimization. This prevents surplus, reduces carrying costs, and minimizes the risk of stockouts, ensuring a balanced inventory.”

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 93

Pricing Training Expense Reduction Price Reduction Purchasing Training 93

Logistics Viewpoints

FEBRUARY 14, 2024

A majority of organizations (62 percent) missed their 2023 business goals, and four in five organizations reported falling short of their competitors’ or peers’ performance (Figure 1). Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent.

Supply Chain Planning Software 314

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 314

Supply Chain Shaman

SEPTEMBER 27, 2021

I volunteered to write a report on supply visibility. We never published the report. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Until then, join us for our monthly networking calls, books/reports , podcasts, and blog posts.

Supply Chain Planning Software 332

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 332

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 294

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 294

Supply Chain Shaman

SEPTEMBER 17, 2014

In preparation for the summit, we readied the final report of the work on translating balance sheet results into a methodology to judge Supply Chain Excellence. This report, Supply Chains to Admire , compares the progress of 200 companies within their respective peer groups on both performance and improvement. ” Yes, I said.

Optimal Sourcing 302

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 302

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 309

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 309

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. To accomplish this, our clients rely on the built-in data hub of our Stratum reporting application.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 316

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 316

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

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Logistics Viewpoints

AUGUST 5, 2021

PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. UPS saves time and money at a level worth reporting on earnings calls, but they are also more sustainable. Reducing inventory saves money but also reduces waste, because obsolete inventory becomes another problem.

Supply Chain Planning Software 311

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 311

Supply Chain Matters

OCTOBER 18, 2024

Supply Chain Matters highlights the final report of the Aviation Supply Chain Integrity Coalition related to the threat of falsified or modified component parts in commercial aircraft supply networks. Recommendations and a final report have now been released. Drug Supply Chain Safety Act (DSCSA). All rights reserved.

Pharmaceutical 59

Pharmaceutical Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 59

RFgen

JANUARY 8, 2025

In healthcare, efficient inventory management is paramount to patient safety. Modern medical inventory software offers a transformative solution, moving beyond outdated methods like spreadsheets and manual counts to provide real-time visibility and automated alerts.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Optimization Software Supply Chain Planning Software 52

GlobalTranz

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. So, why do supply chain managers not take advantage of this data with respect to procurement?

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 120

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 273

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 273

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

Supply Chain Shaman

NOVEMBER 15, 2021

Today, we are nearing the end of the fourth quarter of corporate reporting. Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B profit for Q3 on $16.6B

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 283

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. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design? My reasoning?

Procurement Analytics 337

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 337

Jaggaer

FEBRUARY 5, 2025

This allows the procurement team to quickly identify the lowest or most favorable bid based on cost factors. Historical data and AI-driven insights help optimize decision-making, allowing procurement teams to focus their expertise on more nuanced evaluations like supplier alignment with business strategy and customer service approach.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52