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. For example, marketing might need new office supplies, IT might need laptops, and the logistics team might require equipment.

Pricing Training 84

Pricing Training Expense Reduction Price Reduction Cost Reduction Strategies 84

Logility

APRIL 20, 2022

If resilience is the panacea to today’s supply chain challenges, it seems that everyone has a different prescription. Every industry article, news segment, analyst research paper, and boardroom conversation offers varying perspectives on the real issues impacting supply chain performance and the best way to fix them.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

ThroughPut

OCTOBER 10, 2024

As businesses globally focus on reducing lost productivity, costly downtime, and rising inventory expenses, effective spare parts management has become a top priority—especially for asset-intensive industries. Therefore, optimizing spare parts management is crucial for the success of supply chain, manufacturing, and maintenance operations.

Inventory Reduction 52

Inventory Reduction Waste Reduction Supply Chain Planning Software Cost Reduction Strategies 52

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] The technology is as sophisticated as it is essential.”[4] and other countries boost research aimed at beating climate change.”[1]

Sourcing Strategies 130

Sourcing Strategies Expense Reduction Resource Reduction Cost Reduction Strategies 130

Logistics Viewpoints

JANUARY 17, 2023

Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.

Prescriptive Analytics Software 221

Prescriptive Analytics Software Predictive Analytics Software Supply Chain Software Forecasting Software 221

Logistics Viewpoints

NOVEMBER 8, 2022

As global supply chains continue to tackle ongoing disruptions, one major headwind that most organizations are faced with is the inflationary environment we are living through. The key to this lies with sourcing. Before diving further, let us define what sourcing is. Digitalizing sourcing (i.e.,

Optimal Sourcing 233

Optimal Sourcing Material Savings Sourcing Strategies Sourcing 233

The Logistics of Logistics

MARCH 13, 2021

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used).

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Price Reduction Waste Reduction 130

Logility

JANUARY 18, 2024

How AI in Supply Chain Brings Value to Your Business Supply chain leaders are looking to get a firmer grasp on their supply chain planning. Over the last few buzzword-laden years, we’ve seen many shiny new tools generate excitement – and confusion – around the potential of AI.

Modeling 188

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 188

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. In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. Over the past three years, supply chain cycles shifted.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 390

DELMIA Quintiq

JULY 31, 2023

The food and beverage (F&B) industry has always been highly responsive to changes in consumer behavior, but rising food prices have brought about new challenges—pushing manufacturers to search for new ways to adapt and remain competitive in a rapidly changing market. What is an example of sustainable food?

Sourcing Strategies 156

Sourcing Strategies Supply Chain Planning Software Waste Reduction Price Reduction 156

Logistics Viewpoints

APRIL 6, 2023

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

Optimal Sourcing 218

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 218

ivalua

JUNE 15, 2022

Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. The global supply chain is undergoing an incredible transformation that will change the way we do business. 5 BU’s: Digital, Pharma, Supply Chain, Tissue, and Tobacco.

Supply Chain Software 130

Supply Chain Software Supply Chain Design Software Pharmaceutical Resource Reduction 130

ThroughPut

OCTOBER 18, 2024

CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 52

Supply Chain Shaman

MAY 21, 2024

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. ” Let’s face it all supply chains have error.

Procurement Analytics 350

Procurement Analytics Metrics Optimal Sourcing Supply Chain Planning Software 350

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. Reportedly at the time there was speculation that another PE firm had interest in Coupa, hence the premium price.

Price Reduction 52

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

Logistics Viewpoints

MARCH 25, 2021

If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

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

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. Here are some highlights from these trends in 2023 and implications on supply chain planning.

Supply Chain Planning Software 218

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 218

Logistics Viewpoints

OCTOBER 17, 2024

Harvard Business Review recently published an article, “ To Build Resilience, CEOs Need to Become Supply-Chain Experts ”. In this article, we wanted to discuss one aspect of supply chain that is often not given enough attention – building strategic relationships and shared value with direct spend suppliers.

Manufacturing Procurement 243

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 243

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Technology can have a significant impact on supply chains, but supply chain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supply chains for the organizations that adopt them.

Supply Chain Planning Software 298

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

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 98

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.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

GlobalTranz

APRIL 20, 2021

Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supply chain resiliency, and the opportunities for companies that aren’t as prepared as they would like. By contrast, supply chains that are too lean may not have enough flexibility and redundancy to survive unscathed.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

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.

Cost Reduction Strategies 52

Cost Reduction Strategies Resource Reduction Expense Reduction Price Reduction 52

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Optimal Sourcing 97

Optimal Sourcing Analysis Material Savings Supply Chain Software 97

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logility

OCTOBER 25, 2022

As the last few years have shown, supply chain disruptions are unpredictable. They are also tough to manage without a proactive approach and the right technology. These high-performing companies weather supply chain disruptions better, make speedier decisions, and perform more accurate forecasting.

Supply Chain Software 130

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 130

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. Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Intel’s CEO says he expects the chip shortage to last into 2024 due to constrained availability of key manufacturing tools. But manufacturers are unique.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

Logistics Viewpoints

MARCH 13, 2024

At the ARC Industry Leadership Forum in February, I had the opportunity to sit down with Rick Rys, Director of Consulting at ARC Advisory Group, to discuss the electric power supply chain. First, what are the overall supply chain issues make power greener? That can come from reduced CO2 and methane emissions.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Strategy 255

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

SCMDOJO

JUNE 27, 2024

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain? How Do Global Market Conditions Affect Oil Supply Chains?

Sourcing Strategies 98

Sourcing Strategies Price Reduction Vendor Strategies Inventory Reduction 98

Freightos

AUGUST 14, 2023

” ( Source) Global freight, with its blend of structured processes, unpredictable variables and high frequency, is perhaps the most fertile playground for the AI revolution. Specifically, we asked about 60 supply chain professionals, including a range of providers and shippers from companies large and small.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Price Reduction Material Savings Logistics 294

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

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

Unleashed

MAY 10, 2023

It’s a tumultuous time for supply chain operations. To survive these changes, businesses must look to automation. Read on to learn how supply chain automation works and discover the tools you can use to reduce manual efforts and improve supply chain efficiency.

Supply Chain Software 52

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