Enterra Insights

SEPTEMBER 10, 2024

Reduced crop yields diminish agricultural productivity, affecting not only agricultural quantities but also food prices and ultimately food security.”[1] Becker reports that aging farm owners and a reduced workforce are also reasons AI is becoming an imperative. The technology is as sophisticated as it is essential.”[4]

Sourcing Strategies 130

Sourcing Strategies Expense Reduction Resource Reduction Cost Reduction Strategies 130

ToolsGroup

DECEMBER 2, 2021

Demand forecasting in supply chain management is the process of predicting demand, supply, and pricing for products. Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy. Image source: Stefan de Kok. Better demand forecasting can result in 10-30% reduction in obsolescence.

Inventory Reduction 156

Inventory Reduction Waste Reduction Resource Reduction Forecasting 156

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. Furthermore, every choice can improve earnings before interest, taxes, depreciation, and amortization (EBITDA) and reduce risks in future shipments for each vendor.

Vendor Strategies 169

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 169

BlueYonder

AUGUST 20, 2024

Unfortunately, the pressure to meet demand often leads to reactive strategies that can damage brand reputation and bottom line. Retailers must ensure that product information, pricing, inventory levels, and returns processes are consistent across all platforms.

Sourcing Strategies 97

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 97

Arena Solutions

NOVEMBER 21, 2024

To achieve greater product differentiation and reduce expenses, companies are outsourcing design and development work to contract manufacturers (CMs) and other domain experts. Historically, manufacturers would offshore their operations to reduce labor costs; however, times have changed. Moreover, U.S.

Material Savings 52

Material Savings Expense Reduction Sourcing Strategies Cost Reduction Strategies 52

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Precoro

OCTOBER 28, 2024

In this article, we explore what SRM software is and discuss proven strategies for efficient partnerships with suppliers. While these aspects may not fall directly under supplier relationship management, integrating them into your SRM strategy is highly beneficial. Crafting tailored strategies for different supplier segments.

Procurement Solutions 64

Procurement Solutions Supply Chain Planning Software Supply Chain Network Software Optimization Software 64

Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. This involves aligning procurement strategies with the overall business objectives such as innovation, sustainability, and resilience. The disadvantage of this sourcing strategy is risk concentration.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

Supply Chain Matters

MAY 30, 2024

The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles. According to a published report by Reuters , the move doubles down on the global auto maker’s strategy of both selling and catering to buyer needs for more than just plug-in EV s.

Price Reduction 52

Price Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 52

Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. By contrast, collaborative procurement strategies focus on creating mutually beneficial partnerships.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Material Savings Negotiate Pricing 52

Locus

JUNE 30, 2023

Plenty of cost-cutting strategies are being employed by Supply Chain Management leaders, but the potential long-term implications often remain unseen. Speaking of implications, let’s delve into the top cost cutting strategies that businesses implement but could negatively impact supply chain performance: 1. Achieving 99.5%

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Expense Reduction Price Reduction 52

Logistics Viewpoints

JUNE 6, 2022

Transportation is, of course, a major source of green house emissions. Running more efficient routes, with more fully loaded trucks, saves money and reduces emissions. The desire to improve service, reduce cost, and reduce emissions, is part of the reason their customer Unilever selected their solution.

Cost Reduction Strategies 255

Cost Reduction Strategies Price Reduction Supply Chain Planning Software Transportation 255

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

Procurement Academy

JULY 19, 2024

Let’s take a look at how you can develop and implement your procurement strategy roadmap from start to finish and address key challenges you may face along the way, as well as save costs and mitigate risk. Environmentally friendly practices, such as ethical sourcing or moving towards net zero, are now not just preferred but expected.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 52

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Sourcing was both a cost as well as landed cost decision factor. Change of Leadership and Overall Business Strategy.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

ToolsGroup

OCTOBER 10, 2022

As a plethora of challenges continue to haunt the supply chain, getting a handle on the risks to the business is a step in the right direction—one of the keys to developing a successful inventory control strategy. Inventory Control: 7 Strategies to Ensure High Service Levels and Maximum Profit.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

The Logistics of Logistics

NOVEMBER 11, 2022

Dawn Salvucci-Favier and Joe Lynch answer the question what is dynamic pricing. Dawn is the CEO and Chief Product Officer at Greenscreens.ai , a dynamic pricing infrastructure for the truckload spot rate market that delivers buy and sell-side market intelligence and business insights to help companies grow and protect their margins.

Price Reduction 187

Price Reduction Logistics Network Optimization Software Predictive Analytics Software Demand Planning Software 187

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Better sourcing processes, how to implement omnichannel fulfilment, and creative solutions for labour shortages. Your carrier strategy is the area that needs focus in 2022.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

Logistics Viewpoints

OCTOBER 15, 2024

In the 1940s, Gujarat’s dairy farmers united against exploitative pricing by private firms, led by Verghese Kurien. This laid Amul’s foundation, empowering farmers with fair prices and delivering quality dairy products to consumers at affordable rates. This empowers them to have a stake in the business and share profits.

Optimal Sourcing 261

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 261

Logistics Viewpoints

APRIL 6, 2023

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. The common goal for all categories of product is that they must be available at the right time, right quantity and right prices.

Optimal Sourcing 217

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 217

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. The populist narrative of sourcing globalization is only part of the story. We speak of waste reduction and sustainability through a supply centric lens.

Waste Reduction 195

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

Supply Chain Matters

APRIL 30, 2024

Supply Chain Matters draws reader attention to a published report that depicts how branded company Nike made strategic mistakes in its online distribution strategy during the time of Covid , and how the shoe and athletic goods retailer is still recovering. Last week, added headcount reduction actions were enacted.

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

Logistics Viewpoints

NOVEMBER 8, 2022

The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,

Optimal Sourcing 232

Optimal Sourcing Material Savings Sourcing Strategies Sourcing 232

ShipBob

JANUARY 15, 2024

Financially, it can lead to significant losses as businesses are forced to sell stock at discounted prices, or worse, write off unsold inventory as a loss. In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. The result?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

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. This is achieved through the implementation and continued improvement of cash flow management strategies. To improve cash flow, process optimisation is necessary.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

ProcurePort

MAY 17, 2022

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. It’s about spending money in the wisest ways rather than just angling for the lowest prices of items. The post What is Sourcing Strategy and Why is it Important?

Sourcing Strategies 52

Sourcing Strategies Price Reduction Sourcing Supply Chain Strategy 52

Resilinc

JANUARY 19, 2022

spokesperson noted that this was not Toyota’s goal – and likely not sustainable – the change in ranking is widely seen as a vindication of Toyota’s supply chain strategies. As reported in a recent Resilinc blog , supply chains for EV batteries and electric motors are also challenged by ethical sourcing concerns.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 62

Supply Chain Matters

NOVEMBER 13, 2024

Supply Chain Matters highlights report of ongoing rate price war occurring among FedEx and UPS for the current holiday fulfillment period. with the goal of reducing The established goal is to save $4 billion in costs fiscal 2025, and a cumulative $6 billion in costs by 2027. All rights reserved.

Price Reduction 59

Price Reduction Expense Reduction Cost Reduction Strategies Logistics Network Optimization Software 59

The Logistics of Logistics

FEBRUARY 16, 2022

What is Dynamic Pricing with Dawn Salvucci Favier. Dawn Salvucci-Favier and Joe Lynch answer the question what is dynamic pricing. She has spent the past 20 years leading Global Product Strategy & Management at major Transportation Management System (TMS) providers. Key Takeaways: What is Dynamic Pricing.

Price Reduction 180

Price Reduction Logistics Network Optimization Software Predictive Analytics Software Demand Planning Software 180

QAD

JULY 30, 2024

It covers the procurement of items like: Raw materials Operational supplies Manufacturing machinery Product components Capital equipment With direct spend, procurement teams dedicate significant time to supplier development and maintaining supplier relationships, focusing on negotiating pricing, material quality and delivery schedules.

Optimal Sourcing 95

Optimal Sourcing Negotiating Skills Material Savings Manufacturing Procurement 95

QAD

FEBRUARY 23, 2023

At the same time, most simply cannot justify the more significant price tag with BEV models. The Inflation Reduction Act of 2022 includes various tax credit options for consumers and entities purchasing electric vehicles. Meets Battery Mineral Sourcing Requirements. How Does the Clean Vehicle Tax Credit Work?

Price Reduction 98

Price Reduction Cost Reduction Strategies Manufacturing Procurement North America 98

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Access to Unique Process and Asset Capabilities: Some suppliers offer unique skills, technologies, or processes that are not available in-house or through other sources.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 242

ThroughPut

SEPTEMBER 11, 2024

The advanced inventory flow management technology will help holistically optimize supply chain processes – from existing suppliers to individual workshops, improve asset availability while at the same time dynamically balancing inventories to reduce material waste and unnecessary spend. PR Contact Tina Jacobs pr@throughput.ai

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Price Reduction Resource Reduction 52

Supply Chain Matters

JUNE 2, 2023

In this special edition of Supply Chain Matters This Week in Supply Chain Tech , we highlight for readers a workforce reduction underway at procurement technology provider Coupa Software. Business procurement spend management support technology software provider Coupa Software initiated this week a corporate wide headcount reduction.

Price Reduction 52

Price Reduction Cost Reduction Strategies Supply Chain Design Software Network Design Software 52