SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. Supply chain professionals will be familiar with the term Material Requirements Planning (MRP).

Procurement Analytics 86

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 86

Logistics Viewpoints

JUNE 29, 2023

This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration. Nari Viswanathan is currently Sr.

Manufacturing Procurement 194

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 194

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

GlobalTranz

OCTOBER 6, 2021

As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Download the White Paper: Over the Road Freight Management Trends.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

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.

Optimal Sourcing 201

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 201

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

QAD

MARCH 9, 2023

The COVID-19 pandemic exposed vulnerabilities in supply chains around the world and the dust has never settled. Positive cases have been on a downward trend but supply chain disruption shows no sign of slowing down. That means looking at the right metrics.

Agile and Lean Supply Chain 94

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 94

QAD

JULY 24, 2024

This alignment process helps organizations respond swiftly to market changes, customer demands, and supply chain disruptions, ensuring that all parts of the business remain coordinated and agile. Integrated planning: Coordinating procurement, production, and distribution activities to ensure seamless operations.

S&OP 52

S&OP Supply and Demand Supply Chain Planning Software Optimal Sourcing 52

American Global Logistics

JULY 14, 2023

According to the Council of Supply Chain Management Professionals (CSCMP) the cost of U.S. However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. All these help mitigate disruptions to supply chains. The cost of U.S.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 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

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. OTR freight represents a long-standing aspect of supply chain operations and transportation management. to avoid significant supply chain disruption. Supply & Demand Chain Executive , in 2020, the ?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Driving Sustainable Growth Through Supply Chain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Resilinc

FEBRUARY 22, 2021

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment.

Supply Chain Risk Management 62

Supply Chain Risk Management Risk Management Supply Chain Design Software Agile and Lean Supply Chain 62

Unleashed

AUGUST 20, 2023

Lead time includes both the time it takes to complete the standard process tasks and any delays that might occur due to various factors, such as supply chain disruptions, machine downtime, or unexpected quality issues. It includes everything from the procurement of raw materials to production, inventory management, and shipping.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

Supply Chain Shaman

AUGUST 11, 2015

Global supply chain leaders understand that designing and implementing a robust risk management practices are essential and fundamental to running the business. In my life time, supply chains changed. A disruption is a failure in cost, quality or customer service. Impact of Supply Chain Disruptions.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 150

Taulia

AUGUST 29, 2023

Accordingly, by increasing supply chain efficiency, businesses can improve their ability to meet customer expectations, build resilience against supply chain risks, and enhance their working capital position. Which supply chain KPIs businesses choose will depend on their supply chain objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. When you know the value, location, and quantities of your stocked items you’re in a better position to make informed decisions around procurement and sales – ultimately resulting in reduced production costs and improved profitability.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. The need for effective supplier relationship management is arguably greater than ever due to supply strains of geopolitical issues, chip shortages, port congestion and other supply chain disruptions.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

ThroughPut

JUNE 4, 2024

Accurately tracking inventory levels and movements helps companies optimize their supply chain operations, reduce lead times, and improve production scheduling. This efficiency extends to various business aspects, including procurement, warehousing, and distribution. What are the Components of Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Precoro

MAY 27, 2021

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal. This can be successfully executed by well fostered cross-team communication and shared business goals.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. At what cost?

Supply Chain 104

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 104

EcoVadis

JANUARY 8, 2015

Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. One main reason is because supply chains are growing longer and are getting more complex. Thus, the likelihood of supply chain disruptions has increased. Critical Driver.

Optimal Sourcing 40

Optimal Sourcing Risk Management Manufacturing Procurement Supply Chain Risk Management 40

QAD

MAY 31, 2023

Typically individual group performance metrics of the different parts of the organization conflict with those of the other teams. Enhanced Supplier Collaboration The S&OP processes can help with procurement and working with suppliers to ensure that materials arrive when they need to be used in production. This is a problem.

Supply Chain Planning 52

Supply Chain Planning S&OP Scenario Planning Agile and Lean Supply Chain 52

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Purchasing Skills 59

Supply Chain Matters

OCTOBER 12, 2022

On the other hand, transportation metrics continue their slowed pace, reaching the second highest level of capacity growth, and the third fastest rate of price contraction in the history of the index. Interestingly, Transportation Utilization is the outlier here, as both utilization metrics in the index were up significantly in September. ”.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. Efficient Supply Chain Practices: Automated Distribution Centers and Computerized Inventory Systems Automation is a key component of Walmart’s efficient supply chain practices.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 79

American Global Logistics

DECEMBER 7, 2022

and global economies factored considerably in supply chain disruptions. The purpose, as stated on the NY Fed’s website, is to integrate “… transportation cost data and manufacturing indicators to provide a gauge of global supply chain condition.”. 3 Supply Shortages exacerbating constraints and dislocations.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

BlueYonder

JANUARY 3, 2023

After almost three exhausting years of back-to-back supply chain disruptions, it would be nice to think that someday we’ll return to a “normal” state where demand patterns were easily predictable, supply conditions were consistent and consumer expectations were stable.

Supply Chain Planning Software 92

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 92

Supply Chain Matters

FEBRUARY 17, 2023

According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. This was noted as the highest level since 2019, a pre-pandemic measure.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Supply Chain Matters

MAY 23, 2022

Also reported was less change in Inventory and Warehousing metrics as costs continue to grow and capacity remains tight. We highlighted both of the above indices to reflect this new phase of multi-industry supply chain disruption that is now prevalent with each passing day. s major retailers. Additional Perspectives.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

Material Handling & Logistics

SEPTEMBER 13, 2017

The Institute for Supply Management (ISM) recently released the results of a special survey to assess how Hurricane Harvey impacted six key metrics. Effective communication should help enable effective collaboration.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80