Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others.

Supply Chain Design Software 150

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 150

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. Collaboration with Finance.

Optimal Sourcing 116

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

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

The Logistics of Logistics

AUGUST 9, 2024

Since joining Trimble, Williams has led product development and strategy for Trimble’s award-winning dynamic freight procurement solution, Engage Lane. Explore Trimble’s strategies for improving productivity by addressing the fragmented nature of the transportation industry.

Optimal Sourcing 285

Optimal Sourcing Optimization Software Logistics Network Optimization Software Supply Chain Software 285

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

Logistics Viewpoints

NOVEMBER 25, 2024

In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. It was like a trip through Hell.

Purchasing Skills 150

Purchasing Skills Sourcing Strategies Sourcing Procurement Solutions 150

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. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

Supply Chain Planning Software 139

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 139

Logistics Viewpoints

OCTOBER 3, 2022

In warehouses, for example, one solution is labor management. For example, the auto industry embraced risk management after the nuclear disaster at Fukushima. For example, the auto industry, which lost billions because of the semiconductor chip shortage, had suppliers that could not get the chips they needed for their products.

Supply Chain Software 183

Supply Chain Software Supply Chains Sourcing Strategies Optimal Sourcing 183

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 Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?

Manufacturing Procurement 144

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 144

Logistics Viewpoints

MARCH 24, 2022

It allows them to identify the right carrier service and optimal point of origin for every parcel delivery, seize the best opportunities to cut costs and scale shipping strategies, offset carrier capacity constraints and capacity-based surcharges, reduce costs with bulk shipping, improve returns processes, and more.

Supply Chain Planning Software 141

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 141

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. Let us examine these: Implementing a ‘China Plus One’ strategy: Part of the resiliency comes from having alternate sources of supply.

Manufacturing Procurement 144

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 144

Logistics Bureau

NOVEMBER 28, 2024

If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. For example, if a supplier’s product codes or pallet sizes do not match those used by the enterprise, products will have to be recoded and reorganised. Cost savings flow directly to the bottom line.

Cost Reduction 88

Cost Reduction Inventory Reduction Material Savings Expense Reduction 88

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

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

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.

Manufacturing Procurement 66

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 66

GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. What an opportunity!”

Procurement Solutions 142

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 142

SYSPRO Smarter ERP

SEPTEMBER 8, 2022

High and increasing costs, in combination with long recovery times, have triggered many companies to reassess their customer service plus supply-chain strategies and footprints to make them more resilient to any kind of disruption. The procurement process doesn’t start with raising a purchase order and sending it to a supplier.

Manufacturing Procurement 105

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

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 146

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 146

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Logistics Viewpoints

DECEMBER 17, 2024

For example, reduced emissions could result from streamlined routing or fewer trips due to improved demand forecasting. For example, when implementing air-to-ocean logistics strategies, the solution will weigh ocean freight more favorably than air freight.

Supply Chain Planning Software 137

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimal Sourcing 137

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” 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.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 175

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 56

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 56

Logistics Bureau

DECEMBER 6, 2024

In order to meet some requirements, for example, of customers or corporations, the resources managed in logistics can include tangible items such as food, materials, equipment, liquids and stuff as well as abstract items such as information, particles and energy. What is Logistics?

Manufacturing Procurement 90

Manufacturing Procurement Logistics Network Optimization Software Supply Chain Planning Software Sourcing Strategies 90

Material Handling and Logistics

DECEMBER 14, 2018

Learn how to organize your data operations in alignment with supply chain strategy. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Supply Chain Software 166

Supply Chain Software Optimal Sourcing Supply Chains Sourcing Strategies 166

Logistics Viewpoints

JUNE 3, 2024

Scott Fenwick, Senior Director Product Strategy for Supply Chain Planning at Manhattan Associates. For example, a supply planning solution may create a model that says a plant can produce 20,000 units of a product in a week. The BOM transformation creates a feasible plan for procurement.

Supply Chain Planning Software 149

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 149

Logistics Business Magazine

MARCH 27, 2023

The affiliated companies, for example, contributed the lion’s share of EUR 30 million to the total increase in turnover of EUR 45.46 ” Logistics Strategy In particular, the locally managed locations were very successful in the free development of independent logistics services. .”

Cost Reduction 58

Cost Reduction Strategy Logistics Network Optimization Software Logistics 58

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

GlobalTranz

AUGUST 18, 2021

Focus on Carrier Procurement and Management. Since a transportation management services provider’s whole business is transportation, any selection process must also focus on what that entity does to procure and manage its carriers. In many cases, this refers to the intuitive workflows that exist with the TMS in operation.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. The company had access to huge amounts of trade data, for example. In the BD supply chain, it is the procurement team that plays a key risk management role. Our procurement turnover is at 4%.

Supply Chain Software 131

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 131

Logistics Viewpoints

JULY 22, 2021

For example, forecasts are generated using the past three years of history, implicitly assuming history repeats. A close alignment between Procurement and Supply Chain can also yield several very interesting use cases that will help turbocharge your business. However, this fundamental assumption was proven wrong in recent times.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 156

SYSPRO Smarter ERP

APRIL 18, 2022

Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. While the pandemic was undoubtedly the catalyst for recent supply chain disruptions it’s not the only cause.

Manufacturing Procurement 124

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software ERP 124

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 151

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 151

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 130

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