Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A

Procurement Analytics 337

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 337

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 205

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 205

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. The agreement has delivered well beyond the intended savings, helping catapult the manufacturer and the integrator to substantial growth.

Material Savings 98

Material Savings Inventory Reduction Cost Reduction Strategies Waste Reduction 98

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

FEBRUARY 7, 2024

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Additionally, modern warehouses use energy efficient lighting to reduce power consumption.

Waste Reduction 282

Waste Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Optimization 282

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. There must be a clearly defined data source with a standardized process for collecting and measuring that data.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Supply Chain Shaman

SEPTEMBER 23, 2016

As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017. With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. My goal is to have supply chain leaders consider a procurement redesign for 2017.

Material Savings 150

Material Savings Manufacturing Procurement Optimal Sourcing Vendor Strategies 150

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. The enterprise software company also announced a new analytics solution covering external workforce management.

SAP 227

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 227

Supply Chain Shaman

NOVEMBER 11, 2020

The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.

Supply Chain Design Software 302

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 302

Logistics Viewpoints

DECEMBER 2, 2021

There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.

Predictive Analytics Software 318

Predictive Analytics Software Predictive Analytics Waste Reduction Cost Reduction Strategies 318

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

ToolsGroup

APRIL 1, 2022

Raw Material Shortages Are Affecting a Challenged Supply Chain. How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages. Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

RPA can automate critical yet repetitive processes, driving increased efficiency, error reduction and faster throughput. For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Procurement.

Supply Chain Software 246

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

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 18

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 18

Logistics Viewpoints

FEBRUARY 11, 2021

At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. Corporations across industry verticals are looking to diversify sources of supply beyond China.

Manufacturing Procurement 239

Manufacturing Procurement Sourcing Strategies Pharmaceutical Procurement Solutions 239

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.

Agile and Lean Supply Chain 283

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 283

Logistics Viewpoints

JULY 12, 2024

Offering a discounted membership in the days leading up to Prime Day is another way Walmart has been stepping up its effort to woo customers over from the e-commerce giant. For example, the grocer released its first report on corporate social responsibility efforts last year. shipping containers and stacking them up to six high.

Material Savings 228

Material Savings Los Angeles Waste Reduction Logistics Network Optimization Software 228

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. Advanced and predictive analytics. We’ll discuss robotics solutions in more detail later in this guide.

Supply Chain Planning Software 298

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

The Logistics & Supply Chain Management Society

MAY 18, 2021

Supply chain execution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported having a clear overall plan for digital transformation.

Supply Chain Network Software 243

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

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

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. They are more likely to shop for discounts and sales and may delay purchases of some items.

Supply Chain Planning Software 203

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 203

The Logistics & Supply Chain Management Society

JULY 23, 2020

“When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. This allows Zara to make products that meet consumer tastes and reduces the number of items they must sell at a discount.

Agile and Lean Supply Chain 258

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 258

Logility

MARCH 17, 2022

Reactive decisions can lead to the selection of non-compliant production vendors and questionable raw material suppliers in the chase to keep the revenue flowing. This is due to operational efficiencies and waste reduction, as well as mitigated risks. And it all begins with sourcing. Key Takeaways.

Supply Chain Planning Software 154

Supply Chain Planning Software Optimal Sourcing Sourcing Strategies Optimization Software 154

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Logility

AUGUST 31, 2023

Leveraging the inventory planning and optimization solution from Logility , this well-established brand generates trend insights and supports a formal product review process, resulting in a 44% reduction in its SKU portfolio and more meaningful value for its customers.

Consumer Goods 183

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 183

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Supply Chain Planning Software Procurement Analytics 221

Logistics Viewpoints

OCTOBER 18, 2023

Source: J.P. The second pattern that jumps out is an ongoing reduction in volatility of change. The report for August (released in late September) shows negligible changes in the aggregate. Manufacturing Purchasing Managers Indexes The J.P. I see that as a positive. I don’t see that as a positive.

Manufacturing Procurement 282

Manufacturing Procurement GEP Purchasing Skills Logistics 282

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). As a B2B company, procurement management is essential.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

Supply Chain Shaman

SEPTEMBER 10, 2020

DDMRP is based on the use of math to determine material buffer strategies based on order patterns. Demand latency is the time from channel purchase to order receipt.) The rising cost of supply. A good demand signal is essential to forge competitive buying strategies. Rising Complexity. Constrained logistics.

Supply Chain Planning Software 407

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 407

Unleashed

JANUARY 25, 2023

In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability. Cash flow management is the process of analysing your company’s finances, predicting future changes, and using this data to guide financial decision-making.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, companies will take sustainability criteria into account in their purchasing decisions. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions.

Resource Reduction 185

Resource Reduction Material Savings Supply Chain Planning Software Procurement Analytics 185

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Supply Chain Shaman

JUNE 14, 2014

Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. How value chain activities are carried out determines costs and affects profits.” E2open last week announced the purchase of Serus.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Procurement Analytics Modeling 285

Supply Chain Shaman

DECEMBER 17, 2018

The implementation of a Demand-Driven Materials Requirements Planning (DDMRP) using Orchestr8 followed in 2017. The Terra Technology implementation is an example of demand sensing while the DDMRP implementation is an example of demand translation of the probability of demand into materials requirements. Nick does this well. The reason?

Demand Planning Software 254

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 254

Logistics Viewpoints

AUGUST 18, 2021

However, the CPI report did state, “ the index for used cars and trucks rose 0.2 The July 2021 Manufacturing ISM Report On Business shows that economic activity in the manufacturing sector grew in July, with the overall economy notching a 14th consecutive month of growth. Used cars and trucks were up 41.7%. Final Word.

Supply Chain Disruption 331

Supply Chain Disruption Manufacturing Procurement Supply Chain Purchasing Skills 331

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. Why Is Purchase Price Variance Important?

Purchasing Skills 83

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 83