TYA Suite

JUNE 2, 2025

Strategic purchasing contributes to competitive advantage by reducing the total cost of ownership and improving 2. This leads to either excess inventory (which ties up money and space) or stockouts (which halt production or service delivery). This improves record-keeping, reduces errors, and helps all departments work in sync.

Purchasing 40

Purchasing supply chain budgeting Purchase orders Quantity 40

SCMDOJO

APRIL 11, 2025

Is inventory bloating your costs? A scorecard acts as your dashboard, providing crucial visibility that helps you: Make Data-Driven Decisions: Replace guesswork with facts when evaluating suppliers, processes, and inventory levels. Improve Efficiency: Understand process timelines and inventory holding to streamline operations.

Supply Chain KPIs 72

Supply Chain KPIs Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions 72

TYA Suite

MAY 23, 2025

It involves sharing real-time data, such as inventory levels, production schedules, and demand forecasts, to streamline processes. These tools provide real-time data on inventory levels, order statuses, and production schedules, allowing businesses and suppliers to make informed decisions.

supply chain software solutions 40

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 40

Supply Chain Game Changer

FEBRUARY 5, 2025

Outsourcing logistics allows companies to leverage these advanced systems and data analytics capabilities without the high costs of ownership. They offer flexible management of labor, warehouse space, inventory, and transportation assets.

Logistics 52

Logistics Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

Skill Dynamics

APRIL 24, 2025

It includes procurement but also spans logistics, production, inventory management, and distribution. One team may be focused solely on cutting costs, while the other is struggling to maintain service levels. This disconnect often results in excess inventory, delayed deliveries, supplier disputes, and missed opportunities to optimize.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Jaggaer

APRIL 9, 2025

Reduced inventory: A manufacturing execution system updates inventory records with new production so that purchasing, shipping, and planning departments always know exactly what material is available. This saves manufacturing, transportation, storage, and inventory monitoring costs.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Planergy

FEBRUARY 24, 2025

Prioritize Total Cost of Ownership (TCO) TCO goes far beyond the initial purchase price, considering the entire lifecycle of an asset or service. Measuring Procurement Effectiveness Key performance indicators for educational procurement include: Cost Savings Percentage: Its not about spending less but the value for money.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Jaggaer

JANUARY 23, 2025

Many manufacturers may need to increase inventory to act as a buffer against disruptions to trade, whether these are caused by deliberate policies, geopolitical tensions, or extreme weather events. This reduces the risk of overstocking or shortages amidst unpredictable market conditions.

Export 52

Export Supply Chain Efficiency Raw materials supply chain budgeting 52

Supply Chain Brain

JUNE 23, 2025

New production methods and economies of scale are driving down fuel costs. While total cost of ownership today typically requires incentives to reach parity with diesel, the gap is narrowing annually. at 29% of the total. Infrastructure efficiency.

Supply Chain Optimization 91

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 91

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive? What is a Total Cost of Ownership Model?

Cost of ownership 105

Cost of ownership Procurement Supply Chain Optimization Price 105

ivalua

FEBRUARY 25, 2021

A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Total Cost of Ownership, ERP appears to be cheaper, but is it? Efficient warehouse management.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Game Changer

SEPTEMBER 29, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory management is a critical area for most companies. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Order our EBOOK HERE. A Process Based Approach.

Inventory 98

Inventory Raw materials Supply Chain Optimization Purchasing 98

Supply Chain Game Changer

AUGUST 4, 2020

These are the Critical Supply Chain lessons we discuss in our latest video: The Importance of Supply Chain Talent Designing in Supply Chain Flexibility Taking Total Cost of Ownership Seriously Mission Critical and Strategic Inventory Positioning Disaster Planning Taken Seriously Exhaustive End to End Supply Chain Mapping Design Your Supply Chain for (..)

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss.

Quantity 131

Quantity Supply chain management Supply chain management Supply Chain Efficiency 131

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. An often-overlooked cost differentiator is hard versus soft cost.

Price 98

Price Suppliers Cost of ownership Purchasing 98

Finale Inventory

JUNE 2, 2025

Choosing the right inventory management system can make or break your operations, especially if youre selling across multiple channels. Two popular options in the market are Fishbowl and Finale Inventory, each offering distinct capabilities for inventory control, warehouse workflows, and order processing.

Inventory 52

Inventory Management Real-time Visibility Order Fulfillment 52

Spend Matters

JANUARY 8, 2024

This optimization allows them to improve cash flow to allow strategic flexibility, ensure a leaner balance sheet and improve their bottom-line through less bad debt, less obsolete inventory and decreased financing costs.

Procurement solutions 102

Procurement solutions Procurement Supply Chain Optimization Supply Chain Efficiency 102

SCMDOJO

APRIL 11, 2023

‘Excel Supply Chain Analysis: Solving Inventory Problems’ by LinkedIn Learning Excel is a powerful tool that can be utilized to help analyze inventory costs and develop effective inventory policies. He covers how to evaluate quantity discounts, and how to calculate production quantities to maximize profit.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

Procurement Templates

JUNE 18, 2023

Sharing market insights and cost-saving ideas can lead to cost optimization and better pricing agreements. Total cost analysis: Procurement should focus not only on the initial purchase price but also on the total cost of ownership.

Procurement 130

Procurement Supply Chain Efficiency Raw materials supply chain budgeting 130

IBM Supply Chain Blog

OCTOBER 27, 2023

Here are five of the most common aspects they share: Device Inventory: UEM tools and device lifecycle management processes include inventories where IT Admins have real-time access to detailed information about each endpoint. This way, IT teams can be both efficient and effective and keep the total cost of ownership under control.

Management 81

Management Cost of ownership Inventory Data 81

Supply Chain Game Changer

JULY 2, 2020

An order management system (OMS) is the system of record for maintaining orders and handling inventory. In the omnichannel supply chain, order management improvement leads to confident inventory management across all channels. Order management begins with visibility, and visibility promotes improvement within inventory management.

Management 69

Management Real-time Visibility supply chain software solutions Supply Chain Optimization 69

Finale Inventory

AUGUST 23, 2024

These assets may include inventory, equipment, vehicles, and more. Effective asset tracking ensures that businesses have real-time visibility and control over their assets , leading to improved operational efficiency and reduced costs. This prevents stockouts and optimizes order fulfillment.

Real-time Visibility 52

Real-time Visibility Inventory Budget Cost of ownership 52

Supply Chain Game Changer

NOVEMBER 23, 2018

This also includes strategies regarding the movement of materials, inventory, cash cycle management, and understanding and setting trends and direction. Inventory levels – days of supply, rapid replenishment capabilities, upside/downside flexibility levels. Total cost of ownership (TCO). Diversity in sourcing.

Category management 77

Category management Strategy Raw materials Management 77

Jaggaer

OCTOBER 24, 2024

Cost saving in supply chain management involves reducing the total cost of ownership (TCO) while maintaining, or even enhancing, the quality and reliability of goods and services. Any reduction in price is considered a cost saving. To succeed, procurement needs accurate forecasts of the probability of on-time delivery.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

IBM Supply Chain Blog

AUGUST 11, 2023

Effective inventory management, minimal production delays and timely material availability are achieved through the management of inventory levels and material movements by MES systems. Identify the specific areas where you need improvement, such as inventory management, product quality, traceability or production scheduling.

supply chain software solutions 68

supply chain software solutions Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 68

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

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

Finale Inventory

JULY 17, 2024

ERP software integrates and manages various aspects of a manufacturing company’s operations, including inventory management, production planning, supply chain management, human resources, finance, and more. Software 1: Overview and Key Features Software 1 is a powerful ERP solution specifically designed for the manufacturing industry.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Real-time Visibility 52

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

Supply Chain Efficiency 61

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 61

Skill Dynamics

JULY 19, 2024

Don’t forget to consider how you will manage the costs of your strategy – this goes beyond just negotiating the lowest price. Consider the Total Cost of Ownership (TCO), which includes purchase price, maintenance, and disposal costs.

Procurement strategies 90

Procurement strategies Strategy Procurement supply chain budgeting 90

Sourcing and Supply Chain

JUNE 24, 2021

The final decision would be on Commercial comparisons Local Vs Imports and other factors to arrive at TCO (Total Cost of Ownership) using the data points >> Average LME Price, Premium, Exchange Rate, Customs duty, Port handling charges & inland freight, Additional inventory carrying cost, etc. Livers used.

Category management 52

Category management Management Procurement Market analysis 52

Una

OCTOBER 12, 2023

Total Cost of Ownership (TCO): Consider the complete cost picture , including transportation, inventory holding, and quality control, when comparing sourcing options. Labor Skills and Availability Assess the availability of skilled labor in different regions and its impact on production or service quality.

Procurement 52

Procurement Supply Chain Optimization Supply chain resilience supply chain budgeting 52

SCMDOJO

APRIL 26, 2023

Category management can incorporate data-based array planning, inventory control, and product pricing with the mutual objective of enhancing sales performance and operational efficacy. This strategy also ensures strategic supplier relationship management as per the various categories.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

SEPTEMBER 22, 2022

Overcome these challenges by taking inventory of your current IT solutions, collecting clean spend data, and understanding how all of the tech components work together at the beginning of the IT procurement process. Look Beyond Cost. Lowest-cost vendors or solutions may end up costing the organization more over the product lifespan.

Procurement 98

Procurement Contract Real-time Visibility Purchasing 98

IBM Supply Chain Blog

JUNE 30, 2023

Other features like vendor and inventory management, reporting, analysis (e.g., KPI dashboards or MRO inventory optimization) and audit trails are also included in CMMS software solutions.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

These KPIs could include total cost of ownership, supplier delivery performance, or on-time in-full rates. Utilize these insights to inform sourcing decisions, track progress towards category goals, and identify areas for improvement.

Category management 52

Category management Management Procurement Supplier relationship management 52

Skill Dynamics

OCTOBER 19, 2023

Next, consider the total cost of ownership instead of solely the purchase price – such as transportation, maintenance, and inventory carrying costs. In your supplier search, check supplier history for delivering high-quality products or services.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52