World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

MAY 7, 2024

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.

Supply Chain Visibility 74

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 74

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

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

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 76

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 76

Supply Chain Opz

JANUARY 22, 2016

Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries. Customs filing is already integrated with 90% of the countries you are shipping to.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

World of Procurement blog

MAY 8, 2024

Information must flow constantly to enable planning and management of inventory, production scheduling, order fulfillment, and more. Effective supply chain management (SCM) provides numerous benefits: Increased Profitability Efficient SCM reduces costs associated with production, inventory holding, transportation, and logistics.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Solvoyo

JUNE 11, 2021

Last year, my cousin had a daughter, and I became an uncle for the first time. Since e-commerce gave me the option to fulfill my wish with minimum effort, I chose to order it online. Orders need to be taken, processed, shipped, and received by the customer, and they should arrive on time as promised at the time of the order.

Order Fulfillment 52

Order Fulfillment Management Real-time Visibility Supply Chain Optimization 52

IBM Supply Chain Blog

SEPTEMBER 20, 2021

Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. The time has come to change the maniacal focus on efficiency for one that balances both efficiency and resilience.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Check out Control Towers – Is Yours Real or Just Smoke and Mirrors? Every research firm and vendor has their own definition, but all share the common theme of visibility. A traditional control tower provides visibility to immediate trading partners only. So, control towers are an attempt to combat it with visibility.

Supply Chain Efficiency 53

Supply Chain Efficiency Real-time Visibility supply chain budgeting Supply Chain Optimization 53

Solvoyo

MARCH 5, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency supply chain software solutions 52

SCMDOJO

MARCH 25, 2022

Although logistics represents a whole system of space/time interdependencies, we believe that the discussion of its history and its chronological evolution still requires extensive studies to explore its origin and its advance in time, from a new point of view. This was reflected in the two major organizations of the time.

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

The Network Effect

OCTOBER 30, 2015

Network collaboration means that as the supplies are ready for dispatch in Indonesia, the US operation is notified immediately. This in-transit inventory can be tracked as being held in a ‘moving warehouse’ and is used to plan customer order fulfilment, enabling deliveries to be planned with the customer.

Networking 56

Networking Supply Chain Optimization supply chain software solutions Supply chain 56