RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency.

Sourcing Strategies 92

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 92

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 91

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 91

ToolsGroup

JANUARY 21, 2025

This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Here are the key insights we gathered firsthand at this year’s event.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

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. When they’ve found the best option, the procurement team works to negotiate pricing, discounts, and long-term terms.

Pricing Training 93

Pricing Training Expense Reduction Price Reduction Purchasing Training 93

The Logistics of Logistics

MAY 1, 2024

Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Analyze pricing trends and pinpoint seasonal changes with 13-month pricing histories on each lane.

Metrics 246

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 246

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.

Optimal Sourcing 246

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 246

SCMDOJO

JANUARY 29, 2025

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

Inventory Reduction 98

Inventory Reduction Negotiating Skills Waste Reduction Cost Reduction Strategies 98

SCMDOJO

JANUARY 9, 2025

This article delves into how these two elements, working together, can transform procurement strategies into long-term competitive advantages. By engaging in rigorous supplier selection and negotiation, companies can secure better pricing and ensure higher quality standards.

Optimal Sourcing 98

Optimal Sourcing Manufacturing Procurement Procurement Solutions Negotiating Skills 98

Supply Chain Shaman

APRIL 9, 2021

The singular focus to implement and shorten cycles for the “go-live date” reduced the focus to test and learn and build core competence. Focus on functional metrics without alignment to a balanced scorecard to drive value. The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery.

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

Logistics Bureau

JANUARY 21, 2025

An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducing costs. What is Supply Chain Efficiency?

Supply Chain Design Software 98

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

Jaggaer

FEBRUARY 5, 2025

Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Optimal Sourcing Price Reduction 52

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time.

Supply Chain Planning Software 386

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 386

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 261

Case Study Inventory Reduction Agile and Lean Supply Chain Study 261

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to future-proof your procurement function?

Optimal Sourcing 59

Optimal Sourcing Supply Chain Disruption Vendor Strategies Cost Reduction Strategies 59

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

Capacity 259

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 259

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

FEBRUARY 29, 2024

UPS dominated business and trade headlines for a day in late January when the world’s largest package delivery company announced plans to cut 12,000 full- and part-time management jobs as part of a new initiative called “Fit to Serve.” Metrics are critical as well. What stood out even more was the “subhead” of UPS’ announcement.

Supply Chain Planning Software 301

Supply Chain Planning Software Supply Chain Design Software Resource Reduction Analytics Software 301

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). Functional Metrics.

Manufacturing Procurement 393

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 393

RFgen

MARCH 10, 2025

In this article, we’ll delve into the challenges of stock balancing, explore effective strategies, and examine how this often-overlooked practice can significantly impact your bottom line. Inventory balancing, therefore, becomes a crucial strategy for reducing costs, increasing efficiency, and ultimately, satisfying customers.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Supply Chain Optimization 52

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Leaders put meaning into their strategies. It seems easy, right? Most are just that words.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

The Logistics of Logistics

SEPTEMBER 15, 2023

About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. Focused on logistics, manufacturing, and distribution channel strategies, Jonathon helps organizations make confident decisions for bold growth. The Greenscreens.ai

Price Reduction 275

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 275

BlueYonder

MAY 10, 2024

Here are the trends our Blue Yonder Industry Strategy team sees for the upcoming quarter: Supply Chain and Technology Supply chains will remain volatile with escalating disruptions as a result of extreme weather effects and unrest across the globe. Speak to one of our Industry Strategy leaders today! Once bitten twice shy.

Vendor Strategies 105

Vendor Strategies Material Savings Resource Reduction Price Reduction 105

RFgen

NOVEMBER 13, 2024

Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. By utilizing mobile inventory management, businesses can make informed decisions, reduce errors, and improve overall efficiency.

Inventory Management Software 92

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 92

Logistics Viewpoints

DECEMBER 15, 2022

Price Index Elasticity for Pricing and Promotion Planning: As we are going through global price inflation and facing a recession, consumers and businesses are becoming more conscious of their spending and looking to minimize costs when shopping for goods and services. This is where advanced analytics and AI/ML techniques help.

Optimal Sourcing 253

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 253

Supply Chain Shaman

NOVEMBER 15, 2021

We Assumed that Transportation Would Always Be Available And That We Just Needed to Negotiate Price. Lane RFPs focused on cost reduction, but few asked if they had a feasible plan. Without any penalties for failure for first-pass tender acceptance, carriers and shippers have played a shell game on price.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 283

ivalua

NOVEMBER 29, 2022

Aside from mitigating risk and saving organizations money, Procurement teams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Tracking the Metrics that Matter. Inflation Metrics. Risk Metrics.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

Logistics Viewpoints

JULY 30, 2024

Cheap spot rates and rock-bottom contract pricing have been a welcome relief for shippers — albeit brutal for truckers — looking to preserve cash flow and protect margins in what many predict will be a higher-for-longer interest rate environment. However, over-the-road transportation costs remain low.

Inventory Reduction 283

Inventory Reduction Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 283

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. We speak of waste reduction and sustainability through a supply centric lens. Improving the forecast reduces waste, helps growth agendas, and improves margin.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Logistics Viewpoints

MARCH 31, 2022

With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. million in cost savings over three years by improving warehouse scheduling and processes, as well as reducing labor requirements via enhanced productivity. Dynamic Price Discovery.

Logistics Network Optimization Software 275

Logistics Network Optimization Software Supply Chain Planning Software Predictive Analytics Software Supply Chain Network Software 275

Supply Chain Shaman

JULY 25, 2021

Many of the growth initiatives–trade promotions and price in consumer industries–shifted demand without lifting baseline demand. The Focus Inside-out Supported by Functional Metrics. Functional Intitiatives Without Clarity on Supply Chain Strategy. The impact? Supply chain leaders love fads.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Initially, the output was published to procurement to design strategic buying strategies. The focus of the transportation suites was on cost mitigation and price negotiation. This has changed.

Supply Chain Planning Software 283

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 283

My Office Apps

OCTOBER 21, 2024

Vendor Contract Management Vendor contracts are the backbone of supplier relationships, detailing terms, pricing, and obligations. By automating this process, you reduce errors and improve financial reporting accuracy. Kechie ERP with VRM capability helps you monitor metrics like delivery times, product quality, and order consistency.

Vendor Strategies 98

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 98

RFgen

DECEMBER 19, 2024

Barcode integration offers several advantages: reduced data entry errors, minimal employee training time, instant product location tracking, accurate pricing and specification updates, and support for wireless scanning via mobile devices. They also facilitate regular inventory audits.

Inventory Management Software 93

Inventory Management Software Analytics Software Supply Chain Planning Software Forecasting Software 93

Supply Chain Shaman

MARCH 9, 2020

The public markets struggled today with the plunge in oil prices. The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. Here I share three strategies to consider to eradicate some of the barriers. Today was the worst day in the S&P since August 2011. The problem?

Supply Chain Design Software 308

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 308

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The focus on functional silo excellence and transactional processing reduces value.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Logistics Viewpoints

JUNE 28, 2024

The end result is a blending of biotechnology and artificial intelligence to help us overcome our feeble human lives by cutting down on human aging as much as possible. It is the company’s largest plastic packaging reduction effort in North America to date and will remove almost 15 billion plastic air pillows from use annually.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 263