Strategic Sourceror

DECEMBER 5, 2022

Prior to the pandemic, just-in-time inventory — the supply chain management strategy of keeping "just enough" inventory in stock to satisfy expected demand — was considered conventional wisdom. An excess inventory strategy may be the new best practice for supply chain efficiency.

Inventory 62

Inventory Strategy Supply Chain Efficiency Management 62

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. As a critical supply parameter, managing lead time is essential for mitigating uncertainties in the supply chain.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Global supply chains.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Supply chain 52

SCMDOJO

FEBRUARY 6, 2024

To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time. One of the essential steps to reduce the lead time is to manage inventories in every form like raw material, semi-finished products, and final goods.

Inventory 83

Inventory Supply Chain Efficiency e2e supply chain software solutions 83

SupplyShift

MARCH 15, 2022

Understanding the differences between supply chain monitoring, management, and collaboration is vital. With all of the supply chain disruptions and procurement challenges regarding sourcing in 2021, it’s impossible to reach sustainability goals alone. The Benefits of Collaboration.

Collaboration 52

Collaboration Sustainability Suppliers Supply Chain Efficiency 52

SCMDOJO

AUGUST 4, 2023

This implementation further lessens the order transmission time without reducing lead time to its final buyers. Reason # 3: Inventory Management Improves Quality Since the use of interchangeable parts and mass production methods, reduce inventory effectively increases the output obtained from raw materials and partially-completed products.

Inventory 90

Inventory Supply Chain Efficiency Supply Chain Optimization Raw materials 90

Arkestro

DECEMBER 12, 2022

The pandemic and resulting supply chain disruptions have added extreme pressure on the health and pharma sector to address shortages quickly and efficiently. For example, the peaks in demand during the pandemic exposed many organizations to delays, resulting in shortages of critical materials like PPE and ventilators.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

SupplyShift

MARCH 15, 2022

Understanding the differences between supply chain monitoring, management, and collaboration is vital. The Benefits of Collaboration With all of the supply chain disruptions and procurement challenges regarding sourcing in 2021, it’s impossible to reach sustainability goals alone.

Collaboration 40

Collaboration Sustainability Suppliers Supply Chain Efficiency 40

Zycus Cognitive Procurement

FEBRUARY 14, 2022

The first step to building a resilient supply chain is strengthening your relationships with suppliers. The slow supply chain recovery post-pandemic, along with increased volatility and disruptions due to factors like climate change – means key partnerships can make or break your business moving into the new year.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

Arkestro

SEPTEMBER 5, 2023

In this blog, Arkestro sat down with Jeoff Burris, the Founder and Principal of Advanced Purchasing Dynamics and Procure-Force solution team member, to get his thoughts on hot button topics such as: supply chain disruptions, quote fatigue, managing costs, and more – that are top of mind for automotive procurement teams. Purchasing 3.0

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

JANUARY 14, 2020

By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain. When direct spend is already managed efficiently and teams work harder for every penny saved, indirect spend often sits ignored, with quick wins sitting untouched. appeared first on Jaggaer.

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials Supply Chain Optimization supply chain budgeting 40

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. How do we manage risk?

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Supply Chain Game Changer

JUNE 30, 2021

Subscribe to Supply Chain Game Changer. For an eCommerce customer, buyer satisfaction comes with the peace of mind from the unmatched care the goods receive while in transit up to installation. As said earlier, convenience contributes to buyer satisfaction. Subscribe Here! Email Address. Real-Time Updates.

Buyers 98

Buyers Logistics Supply Chain Efficiency Supply Chain Optimization 98

Supply Chain Game Changer

AUGUST 21, 2020

Subscribe to Supply Chain Game Changer. But also, to ensure your buyer or consumer is investing in the best they can find. Logistical efficiency is also important. appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. A Tale of Two Companies: Different Quality Management Beliefs!

Quality management 57

Quality management Quality Management supply chain budgeting 57

Procurement Software

MARCH 11, 2022

Increasing operational efficiency by automating transactional or non-core tasks. If they’re a manufacturing company, then typically around 60% (£/$/€ 60 million) of their revenue will be spent on goods and services from external vendors: Raw materials. Operating supplies (MRO and consumables).

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Increasing operational efficiency by automating transactional or non-core tasks. If they’re a manufacturing company, then typically around 60% (£/$/€ 60 million) of their revenue will be spent on goods and services from external vendors: Raw materials. Operating supplies (MRO and consumables).

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Supply Chain Game Changer

AUGUST 24, 2021

Subscribe to Supply Chain Game Changer. Stand Out Digital Supply Chain Strategies! Technologies to optimize Supply Chain article and permission to publish here provided by Arra at No-BS Marketplace. Latest Technologies Available To Help Different Supply Chain Models. Subscribe Here!

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Supply Chain Game Changer

NOVEMBER 17, 2022

Subscribe to Supply Chain Game Changer. But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. What are the most cost-efficient techniques for beating the shipping logjam at its own game? Subscribe Here! Email Address. Visual Analytics.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 92

SCMDOJO

APRIL 22, 2022

The topic, Application of NFTs in Supply Chain Management, is buzzing in the supply chain & logistics space. Not only will the NFTs move the supply chain from unnecessary paper trails to an electronic platform, but they will also reduce all the bottlenecks experienced in the pipeline. Data Sharing. .

Supply Chain Efficiency 137

Supply Chain Efficiency Supply chain Real-time Visibility Supply 137

Supply Chain Game Changer

NOVEMBER 22, 2018

Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? He had been with this company for decades and built not only the sales network, production, but also worked in systemizing supply chain and sourcing (in the hundreds of millions of dollars). Landgraf, CEO at Above the Standard ( [link] ).

supply chain budgeting 63

supply chain budgeting Procurement Supply Chain Efficiency supply chain software solutions 63

Procurement Heads

JANUARY 4, 2023

As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services. I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. We need cost efficiency internally and cost-effectiveness with our suppliers externally.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Claritum

JULY 5, 2018

Whether you are focused on controlled growth or cost efficiencies, the ability to measure what is occurring in real time is essential to making decisions. The supply chain may contain components of raw materials, manufacturers, wholesalers, distributors, resellers, agents, logistics, retailers and many other entities.

Real-time Visibility 36

Real-time Visibility Management Chief Procurement Officer Supply Chain Efficiency 36

Procurement Tactics

JUNE 22, 2023

A purchase order is simply a document that a buyer sends to a supplier to request goods or services, which outlines the order’s details, including the quantity, price, delivery, and payment terms. First, it ensures clear communication between the buyer and the supplier, eliminating potential misunderstandings or disputes.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

Strategic Sourceror

MAY 12, 2022

With manufacturers responsible for approximately 11% of the United States' gross domestic product and employing nearly 8% of the nation's workforce, many of the supply chain problems the country is encountering have fallen squarely on the industry's broad shoulders. Expansive though they may be, manufacturers are feeling the pressure.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency Supply chain Strategy 52

Finale Inventory

MARCH 28, 2024

Armed with modern tools for managing inventory and warehousing, know that you can reduce waste and boost efficiency to help your business achieve sustainability goals. They’re also overhauling operations to increase efficiency and reduce environmental impact – and consumers increasingly appreciate these behind-the-scenes efforts.

Supply Chain Efficiency 52

Supply Chain Efficiency Raw materials Inventory Sustainability 52

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 130

TYA Suite

MAY 14, 2023

A source-to-pay system might be helpful for organizations that need to evaluate new vendors who offer better purchasing terms, lower costs, or new commodities that are not supplied by existing vendors. E-auctions are a commonly used strategy that sourcing teams use to find the greatest prices on products and raw materials.

Sourcing 52

Sourcing Raw materials Purchase orders Quantity 52

Spend Matters

AUGUST 16, 2022

Recent events and their impacts on business/supply continuity have shown how organizations that had developed strong relationships with their (strategic) suppliers could perform better than those that had not. They were often given access to resources (manpower, inventory, raw materials, etc.) when others were not.

Market analysis 71

Market analysis supply chain software solutions Raw materials Supply Chain Efficiency 71

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Pipefy

JANUARY 31, 2023

Bid award Also known as a contract award, this is the final phase of the bidding process, in which the buyer chooses a winning bidder and enters into a contract with their organization. Contract A legally binding agreement between a buyer and a seller. In the supply chain process, a PO is issued to a supplier by a buyer ordering goods.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Procurement Software

JULY 4, 2023

It aims to make the procurement process more efficient, transparent, and cost-effective. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

TYA Suite

DECEMBER 16, 2022

It includes the management of components, raw materials, finished products and warehouse processing products. Besides this, inventory management practices try to streamline inventories from raw components to finished products efficiently. On the other hand, to some extent, JIT is considered risky.

Inventory 64

Inventory Import Management Inventory planning 64

Pipefy

JANUARY 31, 2023

Or can the items be purchased from various suppliers based on what’s more cost-efficient? A centralized team operating as a center of excellence is responsible for strategy, knowledge sharing, and supply chain optimization, which in turn empowers those in charge of more tactical and transactional front-line purchasing roles.

Purchase orders 59

Purchase orders Purchasing Procurement Quantity 59

Supply Chain Game Changer

NOVEMBER 23, 2018

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale. Check out What Exactly is Blockchain? And How Does it Work? Infographic).

Supply Chain Efficiency 50

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 50

Planergy

JULY 21, 2023

This typically includes raw materials and components. Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. Wasted Spend Without adequate supply chain management , organizations risk wasting a lot of money.

Management 52

Management Procurement supply chain budgeting Budget 52