ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

The Logistics of Logistics

OCTOBER 30, 2023

Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP).

Optimal Sourcing 278

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 278

GlobalTranz

FEBRUARY 17, 2016

In order to avoid excess inventory and keep your business lean, you must understand the pace of movement of each product. Another great way to look at warehouse cost reductions is to follow what Ernst & Young calls the "End to End" Planning and Fulfillment Network , which goes in line with the next section, Lean Principles. .

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

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. Identify key touchpoints and decision points where data-driven insights can drive improvements and inform decision-making.

Optimal Sourcing 306

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 306

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. Let’s break down these key components: Procurement: This is where it all begins. It often requires trade-offs and careful decision-making.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. As a first step, we’re operating a “lean” Control-Tower within our supplier relationship management system.

Supply Chain Risk Management 292

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Software 292

SCMDOJO

MARCH 24, 2025

This negative variance can result from bypassing defined procurement processes, Internal mismanagement, or ineffective price negotiations with suppliers. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Keep it Simple : It’s important to not over complicate things.

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

Unleashed

MARCH 2, 2022

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. Kanban came from the same place as the wider principles of lean manufacturing: Toyota. The customer’s order is complete.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Examples 98

The Logistics of Logistics

DECEMBER 1, 2023

Automated Freight Procurement & Sourcing: Efficiently match loads with carriers for the best available rates. Optimized Load Planning: Automate daily load planning, matching loads to carriers and creating cost-effective plans. Scalable & Smart TMS: Learn and adapt over time, improving efficiency and performance.

Optimal Sourcing 264

Optimal Sourcing Supply Chain Planning Software Optimization Software Analytics Software 264

SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. For example, a student might work on a project that involves analyzing sales data to predict future product demand, thereby learning how to adjust procurement strategies accordingly.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Lean manufacturing also focused on managing these operational risks, especially within the four walls of the enterprise.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 293

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Adopt performance metrics for carriers.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

The Logistics of Logistics

JULY 7, 2023

About Supply & Demand Chain Executive Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Food Manufacturing Procurement Supply Chain Software 246

ivalua

OCTOBER 24, 2022

Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. “Our

Optimal Sourcing 100

Optimal Sourcing Procurement Resource Reduction Negotiating Skills 100

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". Battle of the Forms: Will You Win, Lose or Draw? Naturally, a supplier relations conflict exists.

Negotiate Pricing 120

Negotiate Pricing Manufacturing Procurement Optimal Sourcing Purchasing Skills 120

Ware2Go

JANUARY 7, 2022

Experiencing the negative effects of overextended supply chains and lean manufacturing, merchants are looking to forge a balance between JIT and JIC purchasing models that reduces risk and maintains profit margins. What is just-in-time procurement? What is just-in-case procurement? What Are the Pros and Cons of JIC Procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

DELMIA Quintiq

MAY 21, 2021

Collaborative Lean Operations. E-Seminar on Lean Transformation. Available now is a new on demand e-seminar where you can learn about the lean principles and discover how Lean Transformation works. A second e-seminar will follow to make the bridge between lean transformation and DELMIA solutions.

Optimal Sourcing 31

Optimal Sourcing Manufacturing Procurement Agile and Lean Supply Chain Supply Chain Design Software 31

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

The Logistics of Logistics

DECEMBER 6, 2023

Loop’s services can provide businesses with a number of benefits, including: Reduced costs: By identifying waste and inefficiency in their supply chains, businesses can save money on procurement and improve their bottom line.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Logistics Analytics Software Gartner 246

Supply Chain Opz

SEPTEMBER 14, 2013

We''ve identified 7 rules that we can learn from them as below, 7 Rules of Fashion SCM 1) Produce in small lot : small lot is the unique characteristics of lean manufacturing which is not the case here. This article was the result of 3-year interviews with the senior management of Zara.

Supply Chain Design Software 229

Supply Chain Design Software Cost Reduction Strategies Supply Chain Software Agile and Lean Supply Chain 229

SCMDOJO

DECEMBER 29, 2024

These courses cover essential topics, from supply chain management fundamentals to specialized areas such as logistics, procurement, and sustainability. SCMDOJO In contrast to Future Learn Supply Chain Courses, SCMDOJO is a platform specifically dedicated to supply chain and procurement professionals and those aspiring to enter the industry.

Course 98

Course Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 98

The Network Effect

OCTOBER 3, 2014

Strategies around lean replenishment and logistics must be deployed to accomplish performance goals, many of which may be required to remain in good standing. Automotive Subsystem and Tier 1 customers are requiring that their Tier 2 Suppliers generate process innovation around lean manufacturing and logistics.

Supply Chain Network Software 195

Supply Chain Network Software Automotive Modeling Software Supply and Demand 195

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 105

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 Shaman

JUNE 14, 2018

The inadequacies of MRP is the genesis of the lean process of Plan for Every Part (PFEP). PFEP optimizes the policies that define how to procure each part. PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Logility

AUGUST 25, 2020

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Lean organizations focus on eliminating waste in their supply chain at every stage. Lean KPIs tend to be the most tactical and daily oriented. First contact resolutions. Operational Excellence.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Logistics Viewpoints

MARCH 17, 2022

A utomation: Digital workflows, including internal and external data integration, master data diagnostics, forecasting, replenishment, procurement, extending all the way to fulfillment and transportation planning, can immensely improve planner productivity and speed of decision-making.

Supply Chain Planning Software 334

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 334

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 98

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 98

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. How do you know you are getting what you paid for?

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Kinaxis

AUGUST 5, 2014

A few hours later, your procurement head walks in the office. “We Efficiency programs like lean drove us to reduce suppliers and cut inventory. As you put things in place to switch over to the other supplier you mentally pat yourself on the back. It looks like you should be able to ride this crisis out without missing a beat.

Supply Chain Planning Software 267

Supply Chain Planning Software Inventory Reduction Sourcing Strategies Supply Chain Strategy 267

Supply Chain Shaman

OCTOBER 29, 2020

While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In lean terms, we have too much muda (waste) and too little inventory working for us. While we have set up many Business Process Outsource Services (BPOs), their effectiveness is abysmal.

Optimal Sourcing 242

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 242

Logistics Bureau

JANUARY 16, 2025

This once-popular strategy flies in the face of the modern trend of striving for lean production processes, but those companies which were carrying buffer inventory are weathering the Coronavirus storm better than most.

Sourcing Strategies 74

Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 74

Logistics Viewpoints

AUGUST 11, 2022

This may include decision-makers from IT, finance, operations, sales, and procurement. No question, the competitive landscape in logistics today is leaning toward tighter operations with greater transparency for all. Gather input from everyone who will use or have a stake in the implementation. Rely on Professional Assistance.

Supply Chain Planning Software 261

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Supply Chain Network Software 261

SYSPRO Smarter ERP

SEPTEMBER 8, 2022

Manufacturers and distributors will need to rethink their use of lean manufacturing strategies that minimise their inventory held by optimising the inventory mix required to protect customer service in their global supply chains. The procurement process doesn’t start with raising a purchase order and sending it to a supplier.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain 105

ToolsGroup

SEPTEMBER 15, 2020

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.

ToolsGroup 234

ToolsGroup Supply Chain Planning Software Supply Chain Software Modeling 234