Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. The procurement department works with inventory and logistics teams to ensure that everything ends up in the right place without delays or discrepancies.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. Product strategies. without being subject to tariffs.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Precoro

MARCH 27, 2025

That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses. It cuts costs yet helps maintain product quality and smooth operations. Negotiate better contract terms.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

RFgen

NOVEMBER 27, 2024

It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. That’s where data analytics comes in. Ready to get started?

Optimal Sourcing 97

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 97

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. Plus, accurate inventory information is the key to optimal decision-making.

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

My Office Apps

OCTOBER 25, 2024

With so many moving parts—suppliers, inventory, and logistics—distributors often find themselves stuck dealing with one crisis after another. In this article, we’ll break down the most pressing challenges and discuss how distributors can overcome them with the right strategies and technology.

Supply Chain Software 98

Supply Chain Software Forecasting Software Optimization Software Optimal Sourcing 98

SCMDOJO

FEBRUARY 15, 2025

One of the most effective strategies for building resilience is integrating project management into supply chain operations. This proactive approach minimizes downtime, reduces financial losses, and strengthens overall operational efficiency.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

ToolsGroup

MARCH 3, 2025

Thats why we champion a hybrid approachone that integrates probabilistic forecasting with machine learning to deliver more accurate demand predictions and optimize inventory levels in supply chain operations. By leveraging cutting-edge AI-powered solutions.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Modeling 156

Logistics Viewpoints

MARCH 25, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

Logistics Viewpoints

FEBRUARY 9, 2025

Large, multi-zone distribution centers demand advanced space optimization, real-time inventory tracking, and seamless coordination across multiple locations. Mapping WMS Solutions to Warehouse Complexity If your warehouse complexity is low, heres the good news: you have plenty of vendors to choose from.

Supply Chain Design Software 152

Supply Chain Design Software Warehousing Procurement Solutions Optimization Software 152

Logility

APRIL 20, 2022

And for that reason, they can absorb and avoid disruption, measure variability proactively, and establish the rights strategies and inventory buffers to address it across the supply network and short- and long-term planning horizons. Developing Diverse, Resilient Sourcing Strateg ies.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.

Vendor Strategies 170

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 170

Supply Chain Opz

JULY 1, 2014

In 1984, companies in the apparel business worked together to reduce overall lead-time. For example, purchasing people always place the orders to the cheapest vendors (with a very long lead-time) but production people needs material more quickly. When you want to cut cost, service suffers. The result is lower cost for everyone.

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Arena Solutions

FEBRUARY 4, 2025

To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Here, we highlight some of the obstacles with alternate parts sourcing and discuss key considerations to help streamline the process. 5 ESSENTIALS FOR SOURCING ALTERNATE COMPONENTS 1. Focus on commodity parts.

Purchasing Skills 63

Purchasing Skills Manufacturing Procurement Sourcing Strategies Sourcing 63

ToolsGroup

JUNE 15, 2020

Step 2: Align your SCP technology plans with the business strategy & organizational readiness. For example, instead of simply stating forecast accuracy improvement as a benefit explain how this will ultimately reduce inventory and working capital and increase service levels. Want more tips on building your business case?

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Forecasting Software 319

Clear Spider

OCTOBER 21, 2024

Now’s the time for businesses to look back at the strain that rising inflation put on their supply chains and inventory management. In this blog, we’ll explain the impact of rising inflation rates on inventory and supply chain management. This has forced many manufacturers to reevaluate their sourcing and pricing strategies.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Purchasing Skills 52

ToolsGroup

SEPTEMBER 23, 2022

BOSTON (September 23, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a Leader in the IDC MarketScape: Worldwide Inventory Optimization 2022 Vendor Assessment. . About ToolsGroup. About IDC MarketScape.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

Logistics Viewpoints

FEBRUARY 28, 2023

Omnichannel is a centralized strategy that enables businesses to coordinate, streamline, simplify and speed up fulfillment of orders that have been placed through different channels (online, retail, etc.). It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed.

Optimal Sourcing 266

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 266

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 265

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 265

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

ToolsGroup

DECEMBER 16, 2019

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. Source: [link]. About ToolsGroup. Visit www.ToolsGroup.com and follow us on Twitter @ToolsGroup.

Optimal Sourcing 31

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization 31

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). All entities throughout the supply chain – such as vendors, suppliers, partners, and end consumers – can access relevant, accurate and up-to-date information.

Supply Chain Planning Software 298

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

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 300

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 300

Synovos

MARCH 5, 2024

Overhauled MRO Strategy Propels UK Food Manufacturer to Save Millions, Boost Productivity For most companies, the COVID-19 pandemic presented a significant challenge in managing operations. Stock reduction is also part of the amassed savings. Some navigated that challenge successfully. Interested in our services?

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

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

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 278

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 278

Logistics Viewpoints

FEBRUARY 28, 2022

Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” At Coupa supplier risk is also flagged for single source or capacity constraints.

Optimal Sourcing 351

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

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. As part of its connected geo strategy, FourKites has expanded its operations to Japan, as it sees the country as an important link in the global supply chain.

Real-time Visibility 300

Real-time Visibility Supply Chain Planning Software Supply Chain Network Software Waste Reduction 300

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. Networks and Sourcing.

Supply Chain Network Software 301

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 301

Logistics Viewpoints

SEPTEMBER 26, 2022

The signals tend to lag what is happening in the market and companies tend to be slow to cut production. So, if a recession appears likely, companies need to error on the side of a conservative forecast, be prepared to lay off workers sooner rather than later, and start drawing down their safety stock inventory.

Vendor Strategies 268

Vendor Strategies Forecasting Long Beach Supply Chain 268

Jaggaer

OCTOBER 24, 2024

But what exactly is supplier collaboration, and how can it be effectively implemented to enhance supply chain performance, reduce costs, and contribute to broader business objectives? The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Reduction Material Savings 52

Logility

SEPTEMBER 9, 2021

Effective deployment of inventory. The benefits of these four factors cut across the entire supply chain and heighten a company’s potential to serve customers and return value to stakeholders. Tools and Strategies Required to Achieve the Four Goals of Economic Supply Chain Sustainability. Efficient utilization of assets.

Supply Chain Planning Software 193

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Supply Chain Software 193

RFgen

DECEMBER 27, 2024

You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. Think of it as the central nervous system of your operation, connecting everything from production planning and inventory control to supply chain management and financial reporting.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Inventory Management Software 97

GlobalTranz

APRIL 13, 2021

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.

Supply Chain Disruption 205

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 205

GlobalTranz

JANUARY 31, 2018

There are other considerations to which we might be tempted to give top billing, but safety is the only one that makes the cut. Order picking and distribution of any kind is a time-sensitive business, but when workers feel rushed, corners get cut —?and Ask Your Vendors for Insight. Reduce Changes of Custody.

Distribution 187

Distribution Vendor Strategies Inventory Reduction Just-in-Time 187

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 275

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 275