Una

AUGUST 2, 2022

AI is also getting better at reading unstructured documents including supplier contracts, with one study revealing that AI read a contract in 26 seconds while human lawyers took 92 minutes. Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Self-service.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Una

SEPTEMBER 6, 2022

Reducing paperwork such as lengthy RFP documentation to a lean canvas (otherwise known as a “plan on a page”). Procurement can play an integral part through better demand planning (enabled through spend analytics) and by reducing duplicate orders and maverick spend. Running a procurement function on a tight budget.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

SCMDOJO

APRIL 4, 2023

These analytics can also help identify known risks and predict future risks by spotting patterns and trends throughout the supply chain, increasing planning accuracy, and better predicting future demand. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

SCMDOJO

MARCH 19, 2024

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Supply Chain Trend

NOVEMBER 14, 2016

This was an area where there was virtually no documentation or assistance avallable other than some flow maps on MRP and MPS – which were already well understood. It was clever stuff if I may say so myself – pushing SAP and APO to its limits but without any real ‘bastardisation’ of its design or logic.

supply chain software solutions 119

supply chain software solutions Supply Chain Optimization Strategy Supply chain 119

Arkestro

JANUARY 4, 2023

As the average tenure of a category manager continues to plummet, companies are investing to document best practices and enable faster onboarding cycles for new generations of hires. scenario-driven demand plans. What can procurement leaders do to overcome the ongoing talent shortage ? should-be cost models.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Finale Inventory

JULY 15, 2024

Secondly, effective inventory management involves forecasting and demand planning. By analyzing sales trends and predicting future demand, businesses can ensure they have the right amount of stock on hand at all times. By accurately forecasting demand, you can optimize stock levels and avoid excess inventory or stockouts.

Inventory 52

Inventory Management Order Fulfillment Demand Planning 52

Let's Talk Supply Chain

JUNE 1, 2023

Automation: More than just another technology Document process automation has been around for decades. One weak link within processes such as accounts payable (AP), order management or accounts receivable (AR) can make all the difference.

Supply Chain Optimization 52

Supply Chain Optimization Supply chain automation Supply Chain Efficiency Supply chain 52

SCMDOJO

DECEMBER 14, 2023

This includes overseeing customs clearance and documentation to ensure that products reach the client without unnecessary delays. Sourcing agencies take charge of the entire shipment process, selecting the most efficient and cost-effective shipping methods.

Sourcing 101

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 101

SCMDOJO

MAY 30, 2024

Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels. Transportation and Routing: The logistics department is responsible for planning and organizing the transportation of goods.

Logistics 52

Logistics Order Fulfillment Supply Chain Optimization Inventory 52

Supply Chain Game Changer

NOVEMBER 23, 2018

Configured a highly structured and efficient reverse logistics program to supplement demand inventory and reduce sourcing costs. ModusLink immediately tackled the forecasting and demand challenges. by implementing its proven demand planning methodology.

Supply Chain Optimization 43

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 43

Supply Chain Opz

NOVEMBER 9, 2014

Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Let's Talk Supply Chain

APRIL 13, 2023

Documenting clients’ expectations. Some significant challenges were employee training, setting straightforward tasks for their team, and managing expectations. Mitigating remote risks Providing software to track hours. Building a Quality Assurance team that manages dashboards and is focused on KPI performance.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Real-time Visibility Logistics supply chain software solutions 52

Supply Chain Trend

NOVEMBER 16, 2016

This operating model included order to cash, make to demand, purchase to pay, finance and planning processes. I was planning consultant implementing demand planning, supply planning and production planning across 10 Sara Lee business units. Discuss with them what more they want to get out of S&OP.

supply chain budgeting 115

supply chain budgeting Supply Chain Efficiency Supply chain Innovation 115

Supply Chain Trend

JULY 18, 2019

To automate a process it needs to be digitised, so the planning technology knows the planning steps, decision moments and communication channels to share decisions and outcomes. Wave three systems will have to document its decisions, the expected outcomes, the actual outcomes and create a feedback loop to learn about what works best.

supply chain software solutions 60

supply chain software solutions Supply chain Supply Sourcing 60

Slimstock

MAY 30, 2019

For many business folks, Excel is synonymous with demand planning and ordering inventory. Even if it is possible to develop and implement a system of documented changes, the time you spend administering it can no doubt be better spent elsewhere. It’s often the go-to choice because of its familiarity and seeming ubiquity.

Inventory 40

Inventory Data Demand Planning Management 40

Empowering CPO

JUNE 26, 2023

This forecasting capability allows for improved budgeting, demand planning, and inventory management, leading to cost savings and operational efficiency. These tools enable seamless communication, document sharing, and joint decision-making between organizations and suppliers.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Supply Chain Game Changer

APRIL 14, 2020

Demand planning improvements. The current pandemic and the myriad models that have been developed should be incorporated into demand plans for strategic stockpile levels in the future. This should include documentation of standard capacity levels and stretch capacity levels. Strategic sku reassessment.

Sourcing 105

Sourcing Raw materials Inventory Demand Planning 105