SYSPRO Smarter ERP

NOVEMBER 18, 2024

For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.

ERP 98

ERP Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

Talking Logistics

APRIL 2, 2018

As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Shippers No Longer in Denial. percent. “If

Optimal Sourcing 72

Optimal Sourcing Procurement Transportation Cost Reduction 72

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 130

Logistics Viewpoints

OCTOBER 20, 2022

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Flexibility to schedule rate bid events based on business needs. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency.

Optimal Sourcing 105

Optimal Sourcing Freight Procurement Logistics Network Optimization Software 105

Logistics Bureau

JANUARY 16, 2025

The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Supply Chain Software 74

Logistics Viewpoints

AUGUST 8, 2022

Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. It has spot procurement functionality that you would see in a transportation management system (TMS), and the request for proposal (RFP) functionality you would see in contract planning or procurement solutions.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Planning Software Freight Logistics Network Optimization Software 122

Logistics Viewpoints

FEBRUARY 11, 2021

In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. In conjunction with the new product launches, phasing out existing products and components is another area where supply chain and procurement need to work together.

Manufacturing Procurement 122

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 122

Logistics in War

MARCH 7, 2020

Lessons can come from extrapolating what we witness every day; from events that capture tangible and intangible aspects of sustaining normal life. A normally stable balance of supply and demand is upset by events, with consumer behaviour in panic-buying magnifying the problem. Australian consumers are fearful.

Military 144

Military Resource Reduction Supply Chain Planning Software Scenario Planning 144

Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. This intermediate step is more related to Procurement and supply chain transparency. Any final thoughts?

Supply Chain Planning Software 119

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 119

Transporeon

JANUARY 25, 2018

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., The company began searching for a better way to procure freight and manage bids. We needed very little support,” says Clark. “We

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 124

Supply Chain Software Supply Chains Manufacturing Procurement Logistics Network Optimization Software 124

Logistics Viewpoints

NOVEMBER 28, 2022

And agility is about reacting quickly and hopefully effectively to the actual disruptive event. But the event might not be disruptive at all if you had planned for it. But procurement says, ‘well, we’re not going to tell the supplier that because we have this volume-based discount. Very simple situation.

Supply Chain Planning Software 111

Supply Chain Planning Software Scenario Planning Optimal Sourcing Manufacturing Procurement 111

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 119

Logistics Viewpoints

FEBRUARY 28, 2022

Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure. One example of the value of machine learning in demand planning comes from Mahindra & Mahindra. These constraints need to be understood.

Supply Chain Planning Software 142

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 142

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events.

Supply Chain Planning Software 116

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 116

Logistics Viewpoints

AUGUST 16, 2021

Third-party data – One example of the advantage of this category concerns third-party forecast data. Network analytics – A good example of this occurs with public cloud transportation management systems (TMS). Because it is not a new market at all, it involves a rebranding of markets that already exist.

Supply Chain Planning Software 122

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 122

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 124

Logistics Viewpoints

JANUARY 13, 2022

American Supply Chain Resilience Act and the German Supply Chain Act are just two examples of this. Technology will bridge the digital divide between Procurement and Supply Chain: The need to build optionality and the increased regulatory and ESG mandates will result in a more dynamic supplier mix. Wanted to share these thoughts here.

Supply Chain Design Software 124

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 124

Logistics Bureau

JANUARY 2, 2025

A good KPI dashboard can show you for example, the difference between planned and actual kilometers for each route. It also allows them to communicate proactively with customers in the event of vehicle maintenance issues, heavy traffic, or other conditions that might delay delivery.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Optimization Software Optimal Sourcing Logistics 75

Logistics Viewpoints

NOVEMBER 8, 2022

Let us take the example of direct materials, i.e., materials that are used as components in making a finished product, such as a hard drive or RAM in a personal computer. In our experience, by embracing digitalization of sourcing operations, organizations are able to uncover double digit percentage savings from sourcing events.

Optimal Sourcing 115

Optimal Sourcing Sourcing Strategies Material Savings Supply Chain Software 115

SYSPRO Smarter ERP

DECEMBER 12, 2022

As much as businesses today wish they have a crystal ball to predict when the next pandemic will hit them or how their supply chain will be affected by global geopolitical events, many business decisions are still based on historical financial data, from the GL. 3 reasons why manufacturers should use an integrated ERP accounting system.

ERP 111

ERP Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 111

GlobalTranz

FEBRUARY 6, 2017

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

Supply Chain Planning Software 73

Supply Chain Planning Software Procurement Analytics Supply Chain Software Manufacturing Procurement 73

Logistics Viewpoints

SEPTEMBER 28, 2021

The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. In light of all of this, I’d posit we can no longer look at the events of the last year as an aberration. The impact?

Supply Chain Planning Software 98

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

Freightos

NOVEMBER 7, 2023

For example, some carriers shared with us their APIs for contract rates, others for spot rates, some for rates but not ebooking, others share APIs via third parties who charge an exorbitant price for accessing the API. He is a frequent speaker at industry events and has authored various articles, papers, and patents.

eBook 116

eBook Optimal Sourcing Negotiating Skills Digital 116

Logistics Viewpoints

MAY 3, 2023

Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. So, when geopolitical events and the pandemic struck, things that you were expecting to happen, didn’t happen. The pandemic shined a light on something that supply chain executives will tell you is second nature.

Supply Chain Design 106

Supply Chain Design Supply Chains Scenario Planning Procurement Solutions 106

SYSPRO Smarter ERP

OCTOBER 11, 2021

For example, the manufacturing of pharmaceuticals vs. processing liquid waste in the mining industry. In the pharmaceutical example, it is a batch process manufacturing where the products are made as specified groups. In the event of a problem, full recalls are required and must be audited. Types of process manufacturing.

Manufacturing Procurement 119

Manufacturing Procurement ERP Supply Chain Planning Software Purchasing Skills 119

Logistics Bureau

APRIL 4, 2022

The benefit of this is that you’ll be in a more proactive state when unforeseen events or crises arise with minimal warning. It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 96

Negotiating Skills Logistics Network Optimization Software Purchasing Skills Supply Chain Planning Software 96

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. You will need to engage your procurement, sourcing, and finance teams as part of such an effort.

Supply Chain Design Software 129

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 129

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% due to the higher costs associated with online selling. Transportation: Moving to a Digital Environment.

Optimal Sourcing 105

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 105

Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. She leads the logistics for all Freightos and WebCargo events.

Logistics Network Optimization Software 127

Logistics Network Optimization Software Optimization Software Digital Buyer Training 127

247 Customs Broker

MARCH 26, 2018

I was having lunch with a friend of mine who had recently conducted a transportation sourcing event. At first, he didn’t like my honest response: “Jim, you’re using a commodity-oriented procurement process for selecting your carriers and third-party providers. Third, many procurement processes suffer from confirmation bias.

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

Infosys Supply Chain Management

SEPTEMBER 15, 2014

Procurement: After identifying the equipment, for the detailed task that would be executed determine the list of spare parts required. Procurement considers and involves a gamut of factors and activities to be done beforehand. Hire/Rent any equipment (example a crane, etc.) Hire/Rent any equipment (example a crane, etc.)

Manufacturing Procurement 28

Manufacturing Procurement Procurement Events Handling 28

Talking Logistics

SEPTEMBER 20, 2017

For example, this year, Chinese New Year occurred later in the season than usual, so we started planning with customers in mid-January, not mid-December, as we do in some years. History can inform how we approach the next significant event. Keep your eye on events well before they occur. This is a week-long celebration in China.

Scenario Planning 92

Scenario Planning Freight How To Negotiating Skills 92

FreightWaves SONAR

JULY 24, 2023

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

Logistics Business Magazine

SEPTEMBER 7, 2023

So, how AI can transform how companies utilise their data through autonomous procurement, real-time ETA tools and decarbonisation? For example, predicting arrival times for loads has traditionally been a pain point for both shippers and carriers. This is just one example. So, how can AI help with all this?

Logistics Network Optimization Software 61

Logistics Network Optimization Software Data Modeling Software Negotiating Skills 61

10xLogistics

JUNE 12, 2013

Today I want to explain this through an example which highlights the risks of letting your 3PL buy the transportation and then charge a "mark up" over the rate to you (with no transparency this is a disaster with some transparency it is just not good). If you have already outsourced procurement, work hard to insource it!

3PL 54

3PL Capacity Negotiating Skills Optimal Sourcing 54