Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Logistics Viewpoints

APRIL 26, 2021

For example, a vaccine manufacturer increased their order size by a factor of four in one weekend; a video call company wanted to receive ten times as much product as they initially forecast with just a month’s lead-time. Shipping of finished products is done from the manufacturing sites. The Pure Storage Supply Chain.

Supply Chain Design Software 220

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Czech Republic 220

ToolsGroup

APRIL 1, 2022

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. With the right solution and strategy, food manufacturers have the potential to create a major impact in reducing the scale of our global food waste crisis. Enable Sustainability with DELMIA.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Having a 365-degree view of every vendor in your supply chain is imperative.

Optimal Sourcing 199

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 199

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. What did we find?

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

Unleashed

NOVEMBER 2, 2023

A production schedule can help you bring down manufacturing costs and maximise efficiency during the production process. A production schedule is a project plan detailing the scheduled timeline for goods to be manufactured. Its goal is to ensure goods are manufactured with maximum efficiency, on time and within budget.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

ThroughPut

MAY 22, 2024

An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. This provides a single source of truth and enables better coordination and communication across the supply chain. What are the Core Components of an ERP System?

Supply Chain Planning Software 98

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 98

Supply Chain Shaman

SEPTEMBER 24, 2017

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982. Is talent a cost or an asset? Talent Gaps.

Cost Reduction Strategies 203

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 203

Logility

MARCH 24, 2021

The power of Integrated Business Planning (IBP) comes in helping companies align financial, sales, production, procurement and marketing information into a single plan, grounded in modern-day reality. Take a look at this short video to see how Logility’s IBP solution supports accelerated planning and decision-making across the enterprise.

Supply Chain Planning Software 173

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 173

The Logistics & Supply Chain Management Society

MAY 18, 2021

In their time lean manufacturing and just-in-time were game-changing concepts. Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Manufacturers need to extend visibility and collaboration beyond their own walls to avoid any disruptions.

Supply Chain Network Software 243

Supply Chain Network Software Network Optimization Agile and Lean Supply Chain Modeling 243

Supply Chain Shaman

NOVEMBER 9, 2014

They had seen my videos on the website and needed a speaker for their global kick-off meeting. The team was organized around the functional silos of source, make and deliver. Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. It was a large multinational company. I was wrong.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

USC Consulting Group

NOVEMBER 2, 2021

Supply chain disruptions have been a major challenge for manufacturers, and show no signs of abating. Here, David Newman, Supply Chain Practice Leader for USC Consulting Group, shares his insights into this pressing issue and offers tactics manufacturers can use to mitigate disruption risks.

Supply Chain Disruption 52

Supply Chain Disruption Supply Chain Planning Software Optimal Sourcing Supply Chain Software 52

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

JULY 16, 2024

Bill of materials software is a specialist tool used in contemporary manufacturing operations to manage and document all components and processes essential to manufacturing a product. Subscription fees can add up over time making cloud-based solutions potentially become more expensive than a one-time purchase of on-premises software.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Analytics Software Supply Chain Design Software 52

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

ThroughPut

MARCH 30, 2020

Automotive manufacturers are remobilizing to produce ventilators. Our constraint is not our ability to help global manufacturing at scale, but to help global manufacturing in time. The Defense Production Act has been invoked to meet PPE demand in the United States.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 52

The Logistics & Supply Chain Management Society

MAY 18, 2021

In their time lean manufacturing and just-in-time were game-changing concepts. Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Manufacturers need to extend visibility and collaboration beyond their own walls to avoid any disruptions.

Agile and Lean Supply Chain 147

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Modeling 147

Requis

OCTOBER 30, 2020

Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

synchrono

JUNE 19, 2017

Jessica Twentyman reported in the Financial Times , that for many manufacturers, supply chain collaboration is stuck in the dark ages. Supply Chain Market reported the closest any manufacturer can get to the magic bullet of efficiency (collaboration) is through greater supply chain visibility. A single – visible – version of the truth.

Real-time Visibility 83

Real-time Visibility Supply Chain Software Manufacturing Procurement Agile and Lean Supply Chain 83

Enterra Insights

JUNE 24, 2022

The following video provides a quick lesson about how barcodes work. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.” ”[3].

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

Talking Logistics

AUGUST 20, 2018

A total of 137 respondents completed the survey from Manufacturing, Retail, Logistics Service Provider, and other companies in the Americas, EMEA, and APAC. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018. and 51.5%, respectively).

Innovation 100

Innovation Company Cost Reduction Strategies Logistics Network Optimization Software 100

Supply Chain Shaman

SEPTEMBER 3, 2015

Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. There are two buffers in the supply chain: inventory and manufacturing capacity. As assets become more and more utilized manufacturing loses the ability to buffer volatility through manufacturing capacity optimization.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 116

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 116

Talking Logistics

AUGUST 27, 2018

From May 2016 through the end of August 2017, “17 CEOs of public Big Food manufacturers and retailers had departed, or announced their intention to,” according to an article published last September in Fortune. There are seismic shifts in the fast-moving consumer goods (FMCG) and outsourced manufacturing world.”. Source: Nulogy.

Agile and Lean Supply Chain 101

Agile and Lean Supply Chain Logistics Network Optimization Software Supply Chain Network Software Demand Planning Software 101

Talking Logistics

MAY 8, 2013

Check out the short video below for an overview. The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics).

Supply Chain Planning Software 246

Supply Chain Planning Software Bangladesh Supply Chain Planning Supply Chain 246

Logility

JUNE 28, 2017

Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) I believe there are several key ingredients to formulating a winning process manufacturing supply chain. can vary from lot to lot.

Chemicals 100

Chemicals Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 100

Unleashed

JUNE 23, 2021

For manufacturers and other organisations looking to improve their inventory management processes, cloud technology represents a major opportunity – especially when it comes to remote working. Video: Shipping from multiple warehouses with Unleashed Software. Read more: The 10 Procurement Metrics that Matter in 2021.

Inventory Management Software 80

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

SCMDOJO

NOVEMBER 9, 2023

This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. Managing inventory effectively is crucial for cash flow management because it directly impacts sales (determining how much can be sold) and costs (deciding what needs to be purchased).

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 105

Unleashed

NOVEMBER 26, 2020

The reorder point is the level of stock at which you ought to reorder more stock (or components, in the case of manufacturers). Safety stock levels for manufacturers. If you’re in the business of manufacturing then you need to factor time taken for production into your maximum and minimum lead times. Stock outs and revenue.

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

Unleashed

NOVEMBER 30, 2020

They are absolutely mission-critical in any warehouse, manufacturing or retail environment because they simplify the act of inventory management and analysis by ensuring that your people speak with a common language. Other useful SKU metrics. SKUs and UPCs – the numbers that appear on barcodes – are quite different.

Inventory Management Software 72

Inventory Management Software Supply Chain Design Software Forecasting Software Demand Planning Software 72

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Right Service. Problem-solving methods.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Lean Cost Reduction Strategies 120

RFgen

JUNE 30, 2023

Essentially, an ERP helps organizations run their business by acting as a single source of truth. Inventory Visibility WATCH THE VIDEO » Current Problems with Traditional ERP and Inventory Management With so many benefits, how come ERP software doesn’t give your organization everything it needs to manage inventory?

Inventory Management Software 75

Inventory Management Software Supply Chain Planning Software Optimization Software Forecasting Software 75

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97