EC Sourcing Group

AUGUST 31, 2021

Top 5 Sourcing and Procurement Techniques. With sourcing and procurement , a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. .

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Procurement 52

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. This B2B inventory management guide breaks down those challenges and outlines the core benefits and key features to look for in reliable B2B software.

Inventory Management Software 52

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

Unleashed

NOVEMBER 29, 2021

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space. Why do eCommerce stores need this level of inventory control?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Forecasting Software Analytics Software 98

Clear Spider

MARCH 21, 2024

AI inventory solutions create more powerful and adaptive supply chains. Supply chain managers need to be able to cut through the noise of massive amounts of data with a powerful tool. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Predictive Analytics Software 52

Unleashed

MARCH 8, 2023

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Key considerations Manual management of inventory is time-consuming and prone to error.

Inventory Management Software 52

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

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! This article explores some of the benefits of big data to inventory management teams.

Inventory Management Software 52

Inventory Management Software Big Data Inventory Management Inventory Reduction 52

Supply Chain Game Changer

SEPTEMBER 21, 2021

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. What should our post pandemic inventory priorities be? Pre Pandemic Inventory Management Priorities.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Supply Chain Planning Software 52

ivalua

FEBRUARY 8, 2023

Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Create speed and transparency.

Manufacturing Procurement 242

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

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. Why is Vendor Relationship Management Important?

Vendor Strategies 78

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 78

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Creates vendor and supplier relations.

Optimal Sourcing 63

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 63

Taulia

JULY 5, 2021

As demand for the movement of goods across the globe and rapid delivery expectations become the norm, businesses seek ways to simplify their supply chain management. VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. What is Vendor Managed Inventory?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Unleashed

APRIL 16, 2023

Inventory tracking software can mean the difference between thousands of customer orders out the door and thousands of dollars down the drain. In this inventory tracking software guide, we break down what it’s for, which features to look for based on your industry and size, and how to safely manage a software upgrade.

Inventory Management Software 52

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

ToolsGroup

JANUARY 6, 2022

Lesson #1: Global supply chain challenges have businesses turning to local suppliers. Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. We have therefore worked hard to build relationships with local suppliers in Northwestern USA.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

QAD

APRIL 27, 2023

I sat down with Kenneth Zins, Henry Schein vice president of global sourcing, to take a look at trends, discuss where best to focus a team’s energy, and share approaches for navigating the inevitable challenges ahead. You want to balance your inventory levels. savings through e-sourcing solutions.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

QAD

JULY 18, 2024

While this lowers the actual product cost, it may result in increasing transportation, inventory, warehousing and Customs costs. Sourcing Insights – From a buyer’s perspective, understanding landed cost is essential when evaluating competitive offerings and selecting suppliers. 20 (duties) + $.40

Purchasing Skills 98

Purchasing Skills Cost Reduction Strategies Expense Reduction Material Savings 98

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

Jaggaer

OCTOBER 24, 2024

The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. It provides valuable insights, improves supplier management, and facilitates stronger and more profitable supplier relationships.

Optimal Sourcing 52

Optimal Sourcing Negotiate Pricing Optimization Software Prescriptive Analytics Software 52

ivalua

NOVEMBER 26, 2020

While organizations continue to utilize low-cost regions like Asia, they are also employing strategies like “Asia plus one” or “China plus one” where they develop secondary sources in another region or another country to provide some insurance against regional or geopolitical disruption. Stalwarts of Business Planning Showing Cracks.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Claritum

JULY 31, 2018

This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Next consider the Integration necessary with each supplier. Introduction.

Supplier Management 42

Supplier Management Procurement Analytics Procurement Solutions Optimal Sourcing 42

Taulia

FEBRUARY 27, 2024

A company’s supply chain consists of the entire chain of activities involved in creating a product, from sourcing raw materials to delivering finished goods. Supply chain management (SCM) is integral to many of a company’s core operational functions, such as inventory and cash flow management.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Forecasting Software Procurement Solutions 52

ivalua

SEPTEMBER 14, 2022

In addition, 26% of respondents agree their organizations lack adequate systems for defining and triggering a response to supply chain disruption, while a quarter (25%) have an inability to effectively assess the risk of individual suppliers. The study also found that suppliers will be vital for successfully ensuring supply continuity.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Jaggaer

OCTOBER 24, 2024

From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships. Procurement professionals have the expertise to align the organization’s vision to a supplier collaboration strategy to greater optimize those goals.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

ivalua

NOVEMBER 3, 2021

Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. billion in annual sales.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiate Pricing Negotiating Skills 130

QAD

JANUARY 19, 2023

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is Supply Chain Management?

Supply Chain Planning Software 98

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

Jaggaer

FEBRUARY 18, 2020

Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Holistic Supplier Management. This puts suppliers into one of four boxes.

Negotiating Skills 103

Negotiating Skills Negotiate Pricing Manufacturing Procurement Purchasing Skills 103

Unleashed

JUNE 23, 2021

It’s seen businesses adapting rapidly, with technology playing a key role in giving managers the flexibility and efficiency to thrive. Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. 10 inventory management for 2022: 1.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Logistics Viewpoints

SEPTEMBER 13, 2023

Companies are sourcing materials from all over the world, and need to identify those regions which are most important, and which provide the greatest risk for disruptions. Teams need a single source of the truth that creates a seamless workflow, enabling immediate action.

Real-time Visibility 285

Real-time Visibility Supply Chain Planning Software Waste Reduction Supply Chain Network Software 285

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. MOQ, Safety Stock) Performance (quality, delivery, responsiveness) Inventory positioning (eg.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

SCMDOJO

APRIL 29, 2024

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

Supply Chain Planning Software 98

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

QAD

JANUARY 24, 2023

Detained withhold release order (WRO) shipments move to a bonded facility: After a WRO is administered, importers can move inventory to a bonded facility until admissibility determination by CBP. The needed connectivity between manufacturers and suppliers means relying on increased digitized processes and solutions.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Software Optimal Sourcing Procurement 98

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

Jaggaer

OCTOBER 3, 2024

It starts with spend analysis to provide a detailed cost breakdown, providing the information for competitive tendering via auctions using our Sourcing and Advanced Sourcing Optimizer modules, and aggregating spend where it makes sense for better leverage in negotiations. Which are our strategic suppliers?

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Purchasing Skills Groups 52

QAD

JULY 21, 2022

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Integrated Supplier Management. QAD DynaSys Digital Supply Chain Planning delivers forecasts and plans to ensure alignment among goals, sales forecasts and ops.

Price Reduction 98

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 98

Supply Chain Matters

OCTOBER 28, 2024

We predicted that “ direct materials sourcing strategies will continue to include needs for future growth markets for products and services along with business supply network sustainability needs from either a business resiliency or sustainability commitment lens. supply chain activity. This shift is marked by a decline in direct U.S.

Predictive Analytics Software 59

Predictive Analytics Software Manufacturing Procurement Cost Reduction Strategies Agile and Lean Supply Chain 59

QAD

APRIL 5, 2022

This enables companies to increase material handling efficiencies, improve inventory accuracy and visibility, enhance OTIF ratings, address regulatory/industrial specific compliance requirements and combat counterfeit products. . Integrated Supplier Management.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98