Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 269

Logistics Viewpoints

OCTOBER 24, 2024

While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. It is a brilliant tool.” The Warner Music Group was an early adopter.

SAP 231

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 231

SCMDOJO

JUNE 6, 2023

With the right supply chain tools at your disposal, you can streamline operations, boost productivity, and save valuable time. Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 104

Precoro

DECEMBER 24, 2024

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

Price Reduction 87

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 87

Logistics Viewpoints

OCTOBER 17, 2024

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing.

Manufacturing Procurement 232

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 232

Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Evaluate Inventory. Simplify Product Portfolio.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

ivalua

APRIL 9, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalise procurement and use it as a growth driver.

Inventory Reduction 130

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Optimal Sourcing 130

Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. Procurement teams play an incredibly important role.

Supply Chain Planning Software 235

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 235

ivalua

APRIL 8, 2021

8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalize procurement and use it as a growth driver.

Inventory Reduction 130

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Optimal Sourcing 130

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. Understanding the specific goals and priorities will help identify which data points are most relevant for achieving those objectives.

Optimal Sourcing 258

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 258

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

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

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 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

SCMDOJO

OCTOBER 15, 2024

After all, it is not just a tool to streamline the cash process but it inevitably contributes to the growth of the business. The Cash Conversion Cycle greatly impacts businesses that deal with inventories. It is a useful tool for determining the holistic status of the financial aspects of the company.

Inventory Management Software 97

Inventory Management Software Optimization Software Negotiating Skills Supply Chain Software 97

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 19

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 19

ivalua

NOVEMBER 3, 2021

A leading B2B wholesaler of installation and plumbing products, tools, and machinery, the company of 5,700 employees and over 240 stores operates in all Nordic countries and the Baltic States, generating over $3.9 Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiate Pricing Negotiating Skills 130

Logistics Viewpoints

APRIL 14, 2022

Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 226

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 226

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

AIMMS

NOVEMBER 12, 2019

Procurement then pulls together a summary file with the vendors’ different scores for the supply chain decision maker to evaluate. Other questions I see include: “How many statistical models does your tool support?” “Are Is it because the current tool you use needs a lot of fiddling and adjusting? Define inventory policies .

Procurement Solutions 252

Procurement Solutions Supply Chain Planning Software Modeling Software Supply Chain Software 252

SCMDOJO

OCTOBER 28, 2024

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

S&OP 82

S&OP Optimal Sourcing Supply and Demand Material Savings 82

SYSPRO Smarter ERP

MAY 30, 2022

Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies. Using ERP to improve purchasing transparency.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

Supply Chain Game Changer

SEPTEMBER 22, 2022

The Reality of Automation in Procurement! All of these are the challenges of working in procurement, necessitating an automated procurement system. But procurement is one of the most integral parts of running an operation. Today, we’re covering automated procurement and how it can help your business in the future.

Procurement Solutions 101

Procurement Solutions Supply Chain Software Inventory Management Software Optimal Sourcing 101

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. Procurement. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Click here!

Inventory Reduction 92

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 92

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Do I need more inventory? Thirdly, the tool can improve their financial forecast. The tool can tell them how much of their revenue is at risk if there is a failure at some point in the extended supply chain.

Supply Chain Visibility 219

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 219

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

Optimal Sourcing Inventory Management Software Inventory Management Optimization Software 105

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. With driver shortages still impacting the industry and continual fluctuations with supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

SYSPRO Smarter ERP

AUGUST 1, 2022

For example, in a bakery business, using the right tool with the BOM, the overall capacity of the oven and fridges could be monitored, and improvements as to how best to use ability could be suggested to reduce electricity costs, capacity constraints and workforce. Here’s how BOM can help you manage your inventory.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

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 184

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 184

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 293

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. The requirement to constantly switch sourcing has major implications: procurement is negatively impacted by volatile volumes and manufacturing is affected by changing regional permits for labeling. But it has gaps.

Sourcing Strategies 250

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 250

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. DHL developed a tool based on machine learning that analyzes 58 parameters of technical data to predict air transit time delays up to a week in advance.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Transportation modes used in procurement and shipping. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. Increasing order efficiency. Demand forecasts. The quantity of each product.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

The Logistics & Supply Chain Management Society

NOVEMBER 23, 2020

The need for more visibility and control in logistics, is needed to closely monitor the activities related to their inventory, sales, and transactions. Digitization and innovative technology have become indispensable tools for improving the efficiency, quality and capacity of supply chain management.

Supply Chain Software 46

Supply Chain Software Supply Chain Planning Software Optimization Software Supply Chain Network Software 46