SCMDOJO

NOVEMBER 17, 2023

Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path. Click here to access the course: How to Start a Career in Supply Chain Management?

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing. If so, in my (imperfect?)

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

Procurement Tactics

JUNE 6, 2023

Thus, you will be able to predict your supply chain which will help you meet your customers’ demands. Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Supply Chain Game Changer

JULY 21, 2021

It encompasses all of the supply chain costs associated with your products such as sourcing, producing, transporting, storing (etc). The cost of procurement includes not just the purchasing cost of inventory that is negotiated with suppliers, but it also includes hidden costs related to transportation, negotiation, duties and more.

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 73

Sourcing Supply Chain Efficiency Supply Chain Optimization Negotiation 73

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. This includes product design, planning, execution, monitoring and control. Source: [link] ). Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 72

Arkestro

JANUARY 4, 2023

The recent supply chain issues and market volatility have proven to businesses, large and small, the true value and necessity of an efficient and optimized sourcing/procurement team.”. multiple small-value purchases, often distributed across several non-strategic suppliers and tons of distinct purchase orders or transactions).

Supply Chain Optimization 104

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

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. 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.

Supply Chain Analytics 110

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

Supply Chain Game Changer

NOVEMBER 23, 2018

Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Inadequate planning and execution resulted in excess and obsolete inventory and poor utilization of warehouse space. ModusLink immediately tackled the forecasting and demand challenges. million in just the first year.

Supply Chain Optimization 43

Supply Chain Optimization Logistics supply chain budgeting Supply Chain Efficiency 43

Supply Chain Game Changer

OCTOBER 28, 2020

Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like Demand Planning. Source ,” which includes Buyers, Category Managers, Commodity Managers, Procurement Specialists, Purchasing Managers and Sourcing Managers.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush. But if you don’t have any of that expertise, you’ll get zero.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

Supply Chain Game Changer

FEBRUARY 19, 2019

Aside from the demand planning, customer order management, and supplier order management activities associated with Fulfillment most people traditionally think of Fulfillment in the context of the Warehouse or Distribution Centre. In essence these simple definitions capture the essence of these terms. Fulfillment.

Supply Chain Efficiency 59

Supply Chain Efficiency Quantity Demand Planning Supply chain 59

The Good Spending

SEPTEMBER 2, 2023

A few years ago, companies purchased printers, consumables, and technical support as separate products and services to support printing. end-user equipment) where the goods are sourced in batches, and only the price and delivery terms matter. Even IT hardware is now being purchased not as a physical object.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Supply Chain Game Changer

MARCH 23, 2021

Most of these tasks occur below the surface, that is beyond the visibility of anyone not otherwise aware of what is involved. That is these tasks are the 90% of the iceberg that most can not see. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Planergy

JULY 18, 2023

Options worth exploring include: asking for upfront payments on orders, reducing credit terms, billing customers immediately upon sale, or getting a better grip on sales forecasting/demand planning. Flexibility in your operating cycle is necessary to remain competitive and make the most of your working capital.

Import 52

Import supply chain budgeting Inventory Budget 52

Supply Chain Game Changer

NOVEMBER 10, 2018

Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Planergy

DECEMBER 8, 2022

For macro-level demand forecasting in the United States, companies can use data from publicly available government agencies and other sources. Demand planning is crucial to all businesses, but the forecasting process and even the forecasting software you use can influence the results. Delphi Method. Download PDF.

Demand 52

Demand Data supply chain software solutions Inventory 52

The Procuretech Podcast

OCTOBER 3, 2022

If I have to use a separate platform to do RFQ procurement and standard spend analytics, then use my ERP to create my purchase orders and track my shipments, then somebody else has got to give me visibility. SCM Dojo has different teaching pathways here: A supply chain manager pathway, a logistics manager, a demand planning pathway, etc. .

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 69

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 69

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

supply chain budgeting 221

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

Empowering CPO

JUNE 26, 2023

By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives. This forecasting capability allows for improved budgeting, demand planning, and inventory management, leading to cost savings and operational efficiency.

Real-time Visibility 40

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

Supply Chain Game Changer

SEPTEMBER 29, 2020

The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning. The gap in our ERP planning between demand and supply was reduced by 85%, resulting in a significant reduction in over ordering. Delivery Conditions. Raw Material Management.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. They come from a variety of backgrounds. Hire any of them as your supply chain consultant and see the difference! You can Hire Matias or start a conversation from here

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Accurate planning not only reduces stock and improves service levels; it also reduces costs by avoiding expediting and minimising write downs.

Agile and Lean Supply Chain 109

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

Finale Inventory

SEPTEMBER 28, 2023

By syncing inventory with financial data, businesses can manage cash flow more effectively, simplify reconciliation processes, and make informed purchasing decisions. Purchase Order Generation: SkuVault’s Auto-Generation: SkuVault offers an automated purchase order generation feature based on preset replenishment levels.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52

Empowering CPO

JUNE 20, 2023

It’s a strategic pillar that underpins effective procurement and sourcing, providing an insightful lens through which organizations can view their spending patterns. Spend analysis plays a vital role in procurement and strategic sourcing. Strategic Focus High, as it directly impacts the company’s core offerings.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40

Supply Chain Game Changer

NOVEMBER 23, 2018

The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function. Check out Supply Chain 4.0!

Supply Chain Efficiency 49

Supply Chain Efficiency Supply chain Supply Sustainability 49

Let's Talk Supply Chain

MAY 3, 2023

As it turns out the combination of fulfillment and value-added services in a single-sourced provider is a magic formula for success. What Are Value-Added Services? Any Projects Or Programs That Are Needed To Prepare A Product To Ship. Watch the podcast episode where we take a full dive with Renewal Logistics.

Quantity 52

Quantity Logistics Inventory Quality 52

Supply Chain Trend

OCTOBER 29, 2021

By bringing together several technologies that have matured separately over the last decade, it is becoming a system of intelligence, seamlessly integrating the following capabilities: • Integration and harmonization of data from internal and external sources, with transactional data self-cleansed and planning parameters self-maintained.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 78

Empowering CPO

JUNE 27, 2023

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. The first component involves collecting data from various sources, such as procurement systems, invoices, contracts, and financial records.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Procurement strategies 40

Supply Chain Game Changer

APRIL 14, 2020

Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. Rather there was a one time purchase made and everyone forgot about it. Strategic sku reassessment.

Sourcing 105

Sourcing Raw materials Inventory Demand Planning 105

Supply Chain Game Changer

NOVEMBER 6, 2018

Video Source: [link]. Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. Table Source: [link]. ” Source: [link]. Check out ReFed’s Roadmap to Reduce Food Waste: Video Source: [link]. That is over 1.3

Supply Chain Optimization 59

Supply Chain Optimization Supply chain Real-time Visibility Supply 59