Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail. It enables companies to understand their suppliers.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. The Building Blocks.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Supply Chain Shaman

OCTOBER 7, 2012

These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. Q: You mention that Executive Buy-in is the biggest stumbling block. What techniques are being used to get executive buy-in? Make a list and identify the degree of impact. <The

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

Elementum

MAY 1, 2018

Well-documented ~ Your contingency plan is of little value unless all relevant stakeholders are trained on it and prepared to jump into action when a disruption does occur. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. West Coast Port Strike Disrupts Shipping Lanes.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Unleashed

MAY 2, 2022

These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Using inventory performance metrics can lead to: Happier customers – who get what they want, when they want it, at the price they’re willing to pay. Explore our live inventory calculators and formulas page.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Quality KPIs: Compliance Rate, Supplier Defect Rate, Purchase Order Accuracy. The difference between the paid and quoted prices. Cost Avoidance. Supplier Defect Rate.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

ShipBob

DECEMBER 28, 2022

Strategic sourcing is a unique purchasing method that aligns your sourcing strategy with your business goals. Rather than making a purchasing decision off of the initial cost, strategic product sourcing allows you to refine your sourcing process by conducting ongoing market analysis and forming strong relationships with suppliers. .

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 83

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 83

Supply Chain Game Changer

MARCH 26, 2021

It can also assist in determining specific metrics that affect the business. More often than not, the software can also be used for managing spare parts inventory, mechanic training purposes, and most importantly, creating and managing routine maintenance schedules. Build a Fleet Based on Efficiency and Practicality.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 98

Unleashed

JUNE 2, 2022

Omnichannel integrates a multichannel strategy and optimises it as a progression of the online purchasing journey for the modern eCommerce customer. Enhance customer satisfaction , because omnichannel optimises opportunities for personalisation through collection, analysis and cross-referencing of customer metrics and data, from all channels.

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Anticipate and react to market volatility and price changes. Segment your suppliers.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

SCMDOJO

MAY 30, 2024

Furthermore, this allows management to identify areas of strength and areas that require improvement, enabling targeted training and development initiatives. Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

Supply Chain Shaman

JULY 22, 2016

While most companies attempt to shape demand–through promotions, new product launch, pricing, sales incentives and marketing–they confuse demand shaping with demand shifting. They learn that demand elasticity is closely coupled with price and revenue management, and that the river of demand connects the horizontal processes.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

SCMDOJO

JULY 24, 2023

While it possesses the buying power of a large corporation, NUNNER focuses on providing tailor-made solutions to its customers. They can be trucking companies, airlines, shipping lines, or rail operators, depending on the mode of transportation chosen for the specific shipment.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 98

Unleashed

APRIL 21, 2024

It’s the journey that order takes from the second they click ‘Buy’ to the moment all the goods are delivered to your customer’s doorstep. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer. Shipping: The order is handed over to a delivery service.

Inventory Management Software 52

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

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. The cost of sales metric is most commonly used in the retail and eCommerce industries, whereas manufacturing businesses typically calculate profitability using the cost of goods sold formula instead.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Elementum

MAY 1, 2018

Well-documented ~ Your contingency plan is of little value unless all relevant stakeholders are trained on it and prepared to jump into action when a disruption does occur. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. West Coast Port Strike Disrupts Shipping Lanes.

Pharmaceutical 60

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 60

NC State SCRC

AUGUST 24, 2019

A recent WSJ article highlighted a fact that confirms much of what we found in our study of counterfeit products in the supply chain a year ago: if you’re buying on Amazon, beware of counterfeits. One of the first rules of SRM is to know who you are buying from and who is in your supply chain.

Pricing Training 65

Pricing Training Purchasing Training Expense Reduction Pharmaceutical 65

Unleashed

JANUARY 16, 2023

Business growth is often stunted by tedious mundane tasks like hiring and training staff, sourcing vendors and carriers, and dealing with customer returns. 3PL providers are experts when it comes to shipping and logistics. There are supply chain management, shipping documentation, and accounting duties to worry about.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

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. It puts you in control of your stock, allowing for optimized inventory levels, better demand forecasting, and improved purchase planning.

Inventory Management Software 74

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 74

Precoro

MARCH 30, 2022

A procurement strategy defines how purchasing decisions are made. Strategic procurement helps to determine which goods or services to select, from which suppliers, and how much to pay based on data about vendors, market, pricing, and other vital factors. Green Purchasing. What is the Purpose of a Procurement Strategy?

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. What’s more, the company reduced new hire training time by 10 days. Where is your picking operation located with respect to shipping and product storage?

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Intelligent Audit

OCTOBER 12, 2022

The shipping industry plays a significant part in this equation, as carbon emissions from shipping make up a substantial portion of the problem. Also, shipping is connected to every industry that sells goods or products. Shipping Emissions Statistics & The Impact Carbon Emissions from Shipping Have on the Climate.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

RFgen

DECEMBER 19, 2024

And perhaps most critically, a lack of real-time visibility into stock levels prevents informed decision-making about purchasing, production, and fulfillment. Manual processes are a drain on resources, both in terms of time and potential errors. Modern inventory management solutions have evolved far beyond basic stock counting.

Inventory Management Software 52

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

6 River Systems

JUNE 10, 2019

Emmanuel Frost @AlignYourBrand Emmanuel Frost is the CEO and Co-Founder of Brand Alignment which specializes in helping brands remove and identify MAP pricing violators and unauthorized sellers from the Amazon platform. To survive the increasing customer demands you need shorter lead times and faster shipping and delivery times.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. At the very least, they should see a message indicating that the products are out of stock before they make the purchase.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Unleashed

NOVEMBER 7, 2023

The goal is to connect these platforms in a way that allows customers to interact, browse, purchase, and receive products or services through a sales process that feels unified and cohesive. Once they’ve made a purchase, the customer is provided with real-time updates regarding their order status.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Action Blog

FEBRUARY 25, 2021

In fact, manufactured product (or at least the raw materials, components or intermediates/work-in-process) in every manufacturing operation is stored at some point before it is shipped to a customer. Even if “buying” is separate from “planning”, it is the planner who decides how much is needed when and where.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Pricing Training 52

Talking Logistics

SEPTEMBER 11, 2015

They also lack process controls and metrics. Toys R Us lowers free shipping limit for online orders. The fact of the matter is that most companies still have a poor understanding of their end-to-end supply chain processes, including shipment flows and the identity of all the parties involved. Some things never change.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Analytics Software Forecasting Software Modeling Software 100

Unleashed

MARCH 5, 2024

Automation has many uses in eCommerce, including for: Supply chain management Inventory management Order processing Shipping Customer service Email marketing Advertising Benefits of eCommerce automation The main benefits of eCommerce automation are that it saves you time and money, improves data accuracy, and lifts productivity.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

Supply Chain Game Changer

NOVEMBER 7, 2018

They themselves were confused over the number of aged invoices, the amounts, the metrics, the issues preventing payment, the critical parts being held hostage by suppliers in exchange for payment, the problems preventing payment, processes, and responsibilities. Pricing discrepancies at the unit price and extended price level.

Pricing Training 42

Pricing Training Procurement Analytics Purchasing Training Supply Chain Planning Software 42

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers are successful because they have developed the right attitude and habits regarding shipping. Strategic view of shipping. Highly effective shippers see a well-run shipping function as a competitive advantage. The best value combines a good price, with excellent on time performance and great service.

Logistics Network Optimization Software 226

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 226

BlueYonder

JANUARY 5, 2015

Buy online and return in the store. Buy online from a kiosk within the store. Buy in-store and have it fulfilled by the ecommerce DC. Buy online and have the store fulfill the order. The customer saves return shipping costs and hassle, and the retailer has a shot at another sale.

Pricing Training 40

Pricing Training Purchasing Training Procurement Analytics Purchasing Skills 40

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. That’s why it’s essential to track certain ecommerce KPIs that identify how your warehouse operation is influencing the customer experience, such as order accuracy and shipping times. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Logistics Bureau

DECEMBER 6, 2024

From a shipping standpoint, reverse logistics works well when the product being returned is routed directly to the correct location. Reps work with customers to get computers installed and working as required, rather than shipping them back. Take the hurdles like who pays for the shipping out of the equation.

Reverse Logistics 51

Reverse Logistics Logistics Network Optimization Software Vendor Strategies Cost Reduction Strategies 51