Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level.

Risk management 74

Risk management Supply Chain Optimization Risk Supply chain 74

ivalua

JANUARY 29, 2021

In some respects this is understandable as this area of the business has 70-80% of the spend in the organisation compared to indirect and has been an area under developed as it has been historically difficult to connect procurement tools to other systems involved in direct materials, such as PLM or MRP systems.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

EazyStock

JUNE 23, 2021

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory management purposes. A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs).

Bill of materials 52

Bill of materials Inventory Quantity Management 52

ivalua

AUGUST 18, 2015

the bill-of-materials target cost through the entire product lifecycle. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!)

Collaboration 173

Collaboration Suppliers Bill of materials Supply Chain Efficiency 173

EazyStock

APRIL 20, 2020

Components Forecasting via Bill of Materials (BOM). Bill of Materials, or BOM, is the components required to manufacture or assemble a product. Our developers are working hard every day to make sure EazyStock is living up to your high expectations for advanced inventory optimization. What’s new?

Bill of materials 52

Bill of materials Supply Chain Optimization Order Fulfillment Demand 52

ivalua

AUGUST 18, 2015

the bill-of-materials target cost through the entire product lifecycle. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!)

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

Procurify

AUGUST 23, 2022

In order to begin lean manufacturing, businesses should examine all of their routings, bills of material, and equipment to determine what changes need to be made. Products with better quality will have a lower return rate; thus companies will need fewer resources for returns and customer complaints. Warehousing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 59

ivalua

OCTOBER 15, 2015

Second, break your register into three classifications related to risks associated with your suppliers, bill of materials, and commodity. Exploring product design changes in the face of rising component costs. This will ensure you have a comprehensive view of risk and its impact on your business.

Risk 100

Risk Bill of materials Supply Chain Efficiency Suppliers 100

Spend Matters

JUNE 19, 2023

Supplier-specific data: at the level of the group (several entities), location (site), machine, material, etc. Allocations: based on spend mix, BoMs (Bill of Materials), etc. Some vendors also enable users to manage the allocation of emissions to final products based on data at the material level and BoMs.

Management 80

Management Bill of materials Quantity Influencing 80

IBM Supply Chain Blog

APRIL 4, 2024

A third-party investment review, where the ISV provides a bill of material showing what and how services are being used to meet compliance requirements, along with price points. A third-party risk management review, where the ISV needs to describe how it is complying to required controls.

Innovation 61

Innovation Bill of materials Risk Risk management 61

ivalua

NOVEMBER 7, 2019

These include new Advanced Product Quality Planning (APQP) and New Product Introduction (NPI) capabilities, as well as enhancements to its existing Bill of Materials (BOM) Lifecycle Manager. The new capabilities enable visibility of common components across multiple Bill of Materials imported from PLM and ERP systems.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22

Procurement Zen

JULY 29, 2021

you could do this by having them clarify all the tech details first what material is your product made off? can you provide a Bill of Materials and lead me through it?

Influencing 52

Influencing Bill of materials Negotiation Procurement 52

ivalua

MARCH 29, 2019

Complex requirements can be quickly translated into bills of material, then suppliers can respond rapidly to requests and questions. Gursky talked about using the Ivalua platform to manage all the work between the firm and key suppliers.

Collaboration 100

Collaboration Suppliers Procurement Bill of materials 100

SCMDOJO

MARCH 19, 2024

Materials Planner Forecasts material needs based on production plans and sales forecasts. Creates and maintains bills of materials (BOMs) to specify components needed for each product. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Supply Chain Optimization 74

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 74

Spend Matters

JANUARY 10, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics. Many category managers and buyers struggle with data transparency and aggregation.

Raw materials 91

Raw materials Category management Buyers Price 91

Supply Chain Game Changer

NOVEMBER 15, 2018

With dozens of facilities, dozens of customers, thousands of bills of material and tens of thousands of parts we had an environment which was prone to having part shortages. Managing thousands of bills of materials and parts for dozens of Customers all around the world was the basic business model.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

ivalua

MARCH 4, 2016

Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level. That is very much like using a spoon to butter your bread—it may get the job done and it is still a utensil, but it will be far less efficient than a knife.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

The Procuretech Podcast

JULY 8, 2020

16:03 How cognititve data can assist with New Product Introduction (NPI) through its analysis a Bill of Materials (BoM) to ensure that pricing can be optimised in real time in collaboration with both Engineering and Procurement.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

Spend Matters

OCTOBER 26, 2023

Spend Matters is delighted to announce the 2023 roster for our ‘ Future 5 ‘ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs.

Category management 89

Category management Procurement team Collaboration Bill of materials 89

Arkestro

MAY 23, 2023

Read how we were able to significantly reduce the lead time on bill of material items for Power Design, Inc., Procurement professionals need to be aware of these struggles and work proactively to mitigate them throughout the procurement process. Arkestro’s solution can help your construction procurement processes improve.

Procurement 52

Procurement Agile and Lean Supply Chain supply chain budgeting supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 1, 2019

This demand would be translated to bills of material and component requirements through manual or semi-automated means. In this context an Analog Supply Chain is one in which the tasks are performed in some physical, non-electronic fashion. Product information and parameters would be manually entered into reports and systems.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. What does a Direct Materials Sourcing solution do?

Sourcing 75

Sourcing Bidding Price Suppliers 75

The Network Effect

AUGUST 25, 2014

When supply disruptions occur the brand owner, having outsourced its bill of materials to a Tier 1 supplier, lacks visibility into which companies in its upstream supply chain might have been impacted. “The supply network application of the ESG is thus somewhat similar to how Facebook and LinkedIn model their social networks.”

Supply chain 82

Supply chain Bill of materials Networking Supply 82

ivalua

FEBRUARY 13, 2019

Manufacturing clients adopted capabilities that help to launch and deliver more innovative, profitable products faster and better manage associated supply risk, including robust Bill of Materials (BOM) capabilities.

Bill of materials 35

Bill of materials supply chain budgeting Supply Chain Efficiency Innovation 35

Supply Chain Game Changer

APRIL 21, 2020

dual sources, substitute parts and materials, alternative bills of material) can also lay the groundwork for integrated systems to make automated decisions on sourcing in the future. Strategic work on increasing redundancy in the Supply Chain (eg.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

SCMDOJO

APRIL 11, 2023

The design of the information flow section describes how firms communicate with suppliers (procurement, risk contracts), internal resources (production planning, bills of materials, material requirements planning), and customers (Sales & Operations Planning and other collaboration based processes).

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

EazyStock

JULY 13, 2020

Manufacturers need to analyze their bill of materials (BOM) and highlight components that could cause production delays or stoppages. When supply is restricted or lead times are unreliable, it’s important to identify stock items that are critical to your business and build an inventory plan to alleviate the risks.

Inventory planning 52

Inventory planning Inventory Supply Chain Optimization supply chain software solutions 52

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Procurement Software

MARCH 11, 2022

POs for Materials. Raw materials and components parts used in manufacturing are usually inventoried and listed according to a bill of material (BoM). Before we tackle what these are and why they’re bad, let’s quickly look at the 3 main types of purchase order your organisation typically has.

Risk 52

Risk Purchase orders Spend management Purchasing 52

Supply Chain Brain

JULY 16, 2018

For example, designers can create a 3-D model that shows every element of an aircraft engine, allowing manufacturers to make any necessary adjustments while delivering an authorized and comprehensive bill of materials.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain software solutions Bill of materials Supply Chain Optimization 40

Supply Chain Game Changer

JANUARY 12, 2020

But any company’s Supply Chain can still involve tens of thousands of skus, thousands of bills of material, thousands of suppliers, hundreds of transportation vendors, dozens of manufacturing facilities and distribution centres, and numerous customers.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Bill of materials 52

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Review your stock levels to identify SKUs where you could reduce order levels since you know demand will fall.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

EazyStock

JANUARY 21, 2021

Link items to create a bill of materials for production. In Dynamics 365 Business Central you can: Manage a breadth of data on every inventory item, including units of measurement, unit costs, sales prices and dimensions. Group items into hierarchical structures and assign category attributes.

Inventory 52

Inventory Management Quantity Order Fulfillment 52

Supply Chain Action Blog

JUNE 14, 2017

As long as we operate in a dynamic environment, manufacturing executives will continue to face decisions regarding where (across facilities and down the bill of material) to make-to-order vs. make-to-stock and how much buffer inventory to position between operations to adequately compensate for uncertainty while minimizing waste.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Optimization Inventory Bill of materials 40

Supply Chain Action Blog

JUNE 14, 2017

As long as we operate in a dynamic environment, manufacturing executives will continue to face decisions regarding where (across facilities and down the bill of material) to make-to-order vs. make-to-stock and how much buffer inventory to position between operations to adequately compensate for uncertainty while minimizing waste.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Optimization Inventory Bill of materials 40

Supply Chain Game Changer

NOVEMBER 10, 2018

But any company’s Supply Chain can still involve tens of thousands of skus, thousands of bills of material, thousands of suppliers, hundreds of transportation vendors, dozens of manufacturing facilities and distribution centres, and numerous customers.

Supply Chain Efficiency 42

Supply Chain Efficiency supply chain software solutions Supply chain Bill of materials 42