SYSPRO Smarter ERP

JANUARY 12, 2022

Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

SYSPRO Smarter ERP

NOVEMBER 30, 2021

It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out. If a specification changes or new tools come online, this excess inventory may end up in the trash. Too Little.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 84

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 84

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Bureau

DECEMBER 24, 2024

For example, companies that have their own in-house vehicle fleet often struggle to deliver products on time. Reduction in asset capital.Warehouses and vehicles are expensive to purchase or lease and can tieupmillions of dollars that could otherwise be invested in the core business of the firm. The reason is elementary.

Outsourcing 52

Outsourcing Warehousing Negotiating Skills Purchasing Skills 52

Ship Monk

MARCH 21, 2024

Legacy Customer Relationship Management (CRM) software systems, such as Salesforce, were originally developed to help sales teams funnel and track potential customers through long sales pipelines, from generating leads to closing the sale, then supporting and maintaining the customer relationship. What is CRM Software?

Optimization Software 105

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 105

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 98

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

Logistics Viewpoints

MARCH 25, 2024

Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. For example, Google Maps app is a public cloud application.

Vendor Strategies 122

Vendor Strategies Material Savings Resource Reduction Supply Chain Design Software 122

SYSPRO Smarter ERP

SEPTEMBER 20, 2022

The accuracy of the BOM is critical to ensure a profit is made, to guide procurement when ordering the items, and to prevent having not enough inventory , or the wrong inventory. That’s why the ERP application should have built-in integrations for CAD software. This means that 40% of items procured for production will be wrong.

ERP 116

ERP Material Savings Manufacturing Procurement How To 116

EazyStock

FEBRUARY 18, 2020

Ordering costs include the costs of creating a purchase order, processing an order, receiving and inspecting orders, etc. Let’s take a look at an example. Can my warehouse and staff manage more frequent purchase cycles? In our example, the demand for fidget spinners was 15,000 per year, and EOQ was approx.

Ordering 95

Ordering Purchasing Skills How To Inventory 95

Logistics Bureau

OCTOBER 10, 2022

The good news is that they are all problems with solutions, and that every supply chain can be improved through inventory optimisation. No inventory optimisation solution comes without tradeoffs. For example, you can optimise for cost, profit, or service, but not for all of them. 3: Supplier Lead Time.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Modeling Optimization Software 105

Logistics Viewpoints

SEPTEMBER 7, 2022

Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. BD, was using a supply chain risk management solution. But I was skeptical.

Supply Chain Software 104

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 104

Ship Monk

NOVEMBER 13, 2023

But the beautiful secret that allows ecommerce order fulfillment to run accurately, on time, and with perfect precision actually comes down to one thing: software. ShipMonk stands out in the industry for having advanced, proprietary 3PL software, so we know a thing or two about the subject. Why Do I Need 3PL Software?

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 64

3PL Links

DECEMBER 10, 2024

Before you begin LTL shipping, you need to be familiar with what it is and how to use it. This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How to optimize LTL shipping? What is LTL freight?

Optimal Sourcing 62

Optimal Sourcing Purchasing Skills 3PL Price Reduction 62

Logistics Viewpoints

MARCH 8, 2021

When companies implement enterprise software solutions, they often label that implementation as being part of their company’s digital transformation. But implementing new software does not digitally transform anything if the people that are supposed to use that software cannot do so effectively.

Supply Chain Design Software 127

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 127

Logistics Viewpoints

JUNE 13, 2024

One of the most recent, “ The Goal ,” by Eliyahu Goldratt and Jeff Cox, suggested by our CEO, really got me thinking about the book’s centering theme, the Theory of Constraints, it’s applicability to my area of expertise, software development, and how it can also be applied to processes in the warehouse.

Optimization Software 128

Optimization Software Optimization Modeling Optimization Modeling Software 128

3PL Links

JANUARY 8, 2025

A fleet management system is a fundamental tool in the planning and operational control of the logistics sector. In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. How does a fleet management system work?

Optimal Sourcing 62

Optimal Sourcing Cost Reduction Resource Reduction Expense Reduction 62

Stord

OCTOBER 14, 2020

But that’s not how it works. Instead, inventory is purchased throughout the year, sometimes at different prices. Sometimes it’s purchased at a lower cost, sometimes at a higher cost. Here’s an example of how to use FIFO. Here’s an example of how to use LIFO.

Purchasing Skills 78

Purchasing Skills Inventory How To Procurement Analytics 78

Logistics Problem Solving

NOVEMBER 20, 2018

Before buying new supply chain software, a company wants to make sure the software will perform as promised. The developer’s process to create a new software product (design, coding, testing) is important but the implementation process has a far greater impact than many anticipate. How long will it take for full implementation?

Supply Chain Design Software 61

Supply Chain Design Software Supply Chain Planning Software Procurement Solutions Supply Chain Software 61

Ship Monk

JANUARY 5, 2024

As you plan for a more productive, profitable, and all around positive new year, ShipMonk wants to share some advice on how to recover from peak season order issues and prevent them from happening again. Reach out to the customer and provide them with all available information on the order, as well as insight on how you intend to fix things.

Ordering 105

Ordering Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 105

Logistics Bureau

JUNE 5, 2023

But do you know how to operate your fleet for the maximum economy? How to Reduce Truck-Related Costs Trucks and vans are not cheap to run, so if you can save even a little on the cost of operating each vehicle in your fleet, those savings can mount up to a lot—and the more extensive your truck fleet, the more you can save.

Cost Reduction 91

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 91

EazyStock

MARCH 17, 2021

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

Logistics Bureau

AUGUST 7, 2023

In this article, we’ll look at some of those challenges and explore potential solutions to help you and your IM team meet the burgeoning demand for fast and accurate order fulfilment. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

Inventory Reduction 98

Inventory Reduction eCommerce Inventory Procurement Solutions 98

Ship Monk

AUGUST 12, 2020

If your product page has been holding you back, then these (relatively) quick fixes could be the solution you’ve been looking for. Scrolling for your next purchase is all about making split-second decisions, and the way a product is visually presented plays a huge role in that. For example, let’s say you sell phone cases.

Production 87

Production How To Procurement Solutions Presentation 87

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

How rapidly can you adapt if something changes quickly like it has done? How do you ensure delivery if once reliable supply chains break? It may be difficult to decide how to spend a limited budget on new digital technology. It ties into the ERP system where quotes and purchase orders are managed.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software ERP Manufacturing Procurement 115

GoShip Blog

JULY 28, 2022

Research shows that 25% of customers return between 5% and 15% of items they purchase online. A returns management solution helps you handle the returned items effectively to satisfy your ecommerce customers without hurting your profit margin. . Challenges of returns and how an RMS can help overcome them .

Procurement Solutions 52

Procurement Solutions eCommerce Cost Reduction Vendor Strategies 52

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. But do you really need to look specifically at digital twin solutions, or might some of these already be available in the automation you already have? come with any of them.

Optimization Software 122

Optimization Software Supply Chain Design Software Modeling Software Digital 122

Logistics Bureau

APRIL 4, 2022

It will also make it easier to determine, for example, if you should opt for contract rates over spot rates or vice versa. Freight Benchmarking: How to Do it Right. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.

Negotiating Skills 96

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

SYSPRO Smarter ERP

MARCH 21, 2022

SCM solutions provide oversight of materials and products, and their associated data, as they move through the supply chain from supplier to consumer. In a survey on the use of software in supply chain planning, most of the organizations were found to be using manual or outdated methods. Benefits of a Supply Chain Management solution.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

EazyStock

AUGUST 9, 2022

The importance of distribution software. There are a host of distribution software systems that manage internal and external supply chain workflows. Distribution software benefits. Distribution software can bring many benefits to inventory management teams, and the wider business, including: Accurate demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Supply Chain Software 52

Logistics Viewpoints

NOVEMBER 18, 2021

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. Of the DC technology choices available, AI software is significantly promising for many looking to transform their DC operations.

Optimization Software 133

Optimization Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 133

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Here’s how to do it: Label aisles, rows and bins with floor or overhead placards so employees can identify the correct location quickly and easily. Using alphanumeric logic can help you optimize simple picking strategies without having to implement a full-blown warehouse solution or warehouse mapping solution.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

Blue Grace Logistics

AUGUST 3, 2021

What This Blog Is About: How to build a mutually beneficial relationship based on trust & credibility with your suppliers. The importance of setting the tone of the relationship and being an example of what you expect. In this way, if problems arise, solutions will be expedited. Finally, make it personal.

Maintainability 118

Maintainability Price Reduction Purchasing Skills Resource Reduction 118

Logistics Bureau

MARCH 14, 2018

Wholesalers in particular, seem to find it easy to fall into this trap, often as a result of making huge purchases of a single product to take advantage of bulk quantity discounts. There are plenty of simple, yet effective workflow software applications to be had, all of which will serve you better today than a trail of paper documents.

Warehousing 97

Warehousing Inventory Reduction Cost Reduction Expense Reduction 97

Envase Technologies

JULY 21, 2022

Without question, the largest cost incurred by any small trucking company is the purchase of fuel. Well managed fuel programs can provide excellent opportunities for savings on fuel purchases. We offer one, and participating companies saved close to 15 percent on their fuel purchases in the first 20 days of July. We can help.

Procurement Solutions 75

Procurement Solutions Purchasing Skills Eliminating Excel in Purchasing Optimization Software 75