Finale Inventory

APRIL 18, 2024

To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs, the timing of it all. Amazon’s recent introduction of low inventory fees is a key development you need to be aware of. Here’s how to build a robust replenishment strategy with the right data: 1.

Inventory 52

Inventory Real-time Visibility Strategy Demand 52

Una

FEBRUARY 19, 2024

Why Do We Need Supply Chain Visibility? Supply chain visibility is a critical factor for organizations aiming to mitigate risks, optimize processes, and capitalize on opportunities. But why does achieving comprehensive visibility remain a pressing challenge for so many businesses? Why is visibility so important?

Supply Chain Visibility 52

Supply Chain Visibility Real-time Visibility Supply Chain Optimization Supply chain 52

IBM Supply Chain Blog

MAY 1, 2024

AI tools help users address queries and resolve alerts by using supply chain data, and natural language processing helps analysts access inventory, order and shipment data for decision-making. AI-supported what-if modeling helps develop contingency plans such as inventory, supplier or distribution center reallocation.

Supply Chain Optimization 79

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 79

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. What is JIT inventory management?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

SCMDOJO

APRIL 29, 2024

We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation.

Supply chain management 66

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 66

SupplyShift

MAY 30, 2023

STANDARD ASSESSMENT Conflict Minerals Supplier Assessment Assessment based on the Conflict Minerals Reporting Template by the Responsible Minerals Initiative (RMI). Simply load your suppliers and start assessing. The post Conflict Minerals Supplier Assessment appeared first on SupplyShift.

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency Supply chain 52

NLPA (Next Level Purchasing Association)

MAY 8, 2023

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. Whether it’s due to natural disasters, supplier bankruptcy, or transportation delays, disruptions can cause significant challenges for businesses.

Supply Chain Visibility 52

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

SupplyShift

MARCH 27, 2023

STANDARD ASSESSMENT Supplier ESG Assessment A social, environmental and business ethics performance assessment for your suppliers. Raise awareness, understand supplier risks, and continually improve conditions in your supply chain. Simply load your suppliers and start assessing.

Suppliers 52

Suppliers Real-time Visibility Ethics Supply chain 52

Una

AUGUST 17, 2022

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Let's Talk Supply Chain

DECEMBER 4, 2023

Today Cris Ferregur, Vice President of Business Development at SDI, joins me to talk all about SDI and what they do; predicting demand in an unpredictable world; harnessing the power of data to de-risk supply chains; and bridging gaps to find the balance between new technologies and legacy systems. 14.04] The ideal client for SDI. “We

Supply Chain Optimization 52

Supply Chain Optimization Real-time Visibility supply chain budgeting Supply Chain Efficiency 52

ivalua

DECEMBER 16, 2015

For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. One area that manufacturers need to focus on is improving supply chain visibility. Visibility all the way up the supply chain. Visibility into supplier capacity.

Supply Chain Visibility 124

Supply Chain Visibility Real-time Visibility Supply chain Supplier capacity 124

Procurement Tactics

JANUARY 23, 2023

By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.

Real-time Visibility 202

Real-time Visibility Management Supply Chain Efficiency supply chain budgeting 202

EazyStock

JUNE 23, 2022

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. The key for inventory management teams is to know what to do with it! Processing big data.

Inventory 52

Inventory Data Management Real-time Visibility 52

Jaggaer

NOVEMBER 12, 2019

The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. In the worst-case scenarios, this can lead to arguments about whose data is the “truth”. Another disadvantage is that suppliers see little or no value.

Collaboration 78

Collaboration Suppliers Data supply chain software solutions 78

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. Here are three examples.

Suppliers 173

Suppliers Real-time Visibility Sourcing Quality 173

Procurement Tactics

JUNE 19, 2023

AI systems are able to learn, recognize patterns, and make predictions by analyzing data with the use of algorithms and statistical models. Artificial intelligence is being used to automate routine and time-consuming work in warehouses such as packing and sorting of goods which helps to improve efficiency, reduce errors and costs.

Logistics 193

Logistics supply chain budgeting supply chain software solutions Real-time Visibility 193

Procurement Software

APRIL 23, 2024

However, spend analytics – or data analytics software in general – is generally seen to be the preserve of enterprise organisations. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database , with all data points searchable.

supply chain software solutions 52

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Ability to enrich data sets with other, related data sets.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

World of Procurement blog

APRIL 23, 2024

From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Spend analysis enables informed decision-making and strategic sourcing.

Supply Chain Efficiency 52

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

SCMDOJO

AUGUST 16, 2023

[Read More: Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth ] Walmart’s Supply Chain: Integrated Supply Chain Success Data-Driven Success Factors In the realm of modern supply chain management, data-driven strategies play a pivotal role in enhancing a company’s competitiveness.

Supply Chain Efficiency 74

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

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. When it comes to managing a supply chain, having access to real-time data can be a game-changer.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Procurement Tactics

DECEMBER 6, 2022

However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management aims to maximize value from company spending while lowering costs, mitigating financial risks, and enhancing supplier relationships. Ultimate Supplier Plotting Checklist 2022. Visibility of expense data.

Spend management 172

Spend management Management Real-time Visibility Budget 172

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Data breaches can expose sensitive financial information and disrupt operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said. So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

SupplyShift

JUNE 5, 2023

STANDARD ASSESSMENT Facility Mapping Assessment Quickly map your supply chain, incorporate any information requests at any tier, and drive supplier responsibility progress. Load your suppliers, deploy your assessment, and map the chain. The Facility Mapping Assessment allows you to map your supply chain through a cascading request.

Real-time Visibility 52

Real-time Visibility Supply Chain Efficiency Supply chain Suppliers 52

Arkestro

JULY 4, 2022

Supplier diversity is increasingly being recognized as a critical objective for procurement. From a societal viewpoint, organizations that achieve supplier diversity help address inequality and social injustice. While supplier diversity has many indisputable benefits, it is also easier said than done.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. All data and information in forecasting ensure that businesses will run smoothly and continuously grow.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

IBM Supply Chain Blog

AUGUST 5, 2021

Managing a diverse and agile supplier network is now a top priority in the auto industry and essential to remain competitive. Whether shifting to produce electric vehicles, dealing with the semiconductor shortage or mitigating everyday disruptions, the automotive OEM and aftermarket supply chains, live and die by their supplier network.

Collaboration 52

Collaboration Suppliers Agile and Lean Supply Chain Real-time Visibility 52

The Network Effect

AUGUST 14, 2015

Am I able to allocate supply in real time across my entire network to maximize revenues?”. Are we able to reduce our freight costs and maintain on time deliveries?”. “Do Do we have any opportunities to reduce inventories while simultaneously improving customer service levels?”.

Real-time Visibility 68

Real-time Visibility Data Networking Inventory 68

IBM Supply Chain Blog

NOVEMBER 8, 2023

This process entails gathering new data, identifying existing challenges, and taking the necessary steps to ensure compliance. By capturing new data, they can harness this information not only to fulfill FSMA requirements but also to offer stakeholders and the public greater transparency.

Supply Chain Efficiency 116

Supply Chain Efficiency Real-time Visibility supply chain budgeting e2e 116

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235