Procurement Tactics

MAY 31, 2023

Inventory control helps to avoid the various costs associated with purchasing excessive inventory and the strains of operating without sufficient inventory. If a company can lower inventory, it may discover new funds available for expansion or profits. Thus, learning how to control warehouse inventory is essential.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

JUNE 8, 2023

Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require. Inventory management is a way for companies to figure out what and how much they should order, and when to do it. Preventing stock-outs is another crucial aspect of inventory management.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

JUNE 14, 2023

But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain. Having supply chain visibility is crucial for several reasons.

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 92

Supply Chain Game Changer

SEPTEMBER 22, 2022

Whether you’re servicing other businesses in a B2B capacity or serving the general public, you need to be able to procure the right types of items in the right quantities to be successful. Spend Visibility. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Finale Inventory

DECEMBER 15, 2023

Traditionally, keeping track of inventory levels and deciding when to move what stock from one location to another involved spreadsheets and team coordination in a manual process, which is time-consuming and prone to errors. This visibility is crucial for making informed decisions about stock redistribution.

Warehouse operations 98

Warehouse operations Supply Chain Efficiency Real-time Visibility Inventory 98

IBM Supply Chain Blog

NOVEMBER 21, 2023

It does not have any visibility of what kind of data are being sent and received, or what data types it might contain. So as well as ensuring data consistency between produced and consumed messages, a schema registry ensures that your messages will remain compatible as schema versions change over time.

Real-time Visibility 107

Real-time Visibility Quantity Data Quality 107

Supply Chain Game Changer

OCTOBER 5, 2022

The Bible records Egyptian people storing the surplus of agricultural goods so that they could be used in times of famine. Keeping records of the above is called a warehouse inventory. However, warehousing itself is usually limited to storing an inventory for a certain period of time and does not include additional services.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

Arkestro

FEBRUARY 6, 2024

The buyers were extremely engaged before, during, and after launching events in the Arkestro platform, and were in constant contact with their suppliers to see how Arkestro’s game theory, data science, and ML worked in real time. You can unsubscribe at any time. No spam, just relevant procurement news and tips.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Automation eliminates human error, saves time, and decreases the probability of mistakes.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time Compared to physical stores, eCommerce needs an attractive product range and a user-friendly platform and process that ensures orders are handled quickly, efficiently, and correctly. This creates a need for systems that work in real-time.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels.

Purchasing 52

Purchasing Supply Chain Optimization Supply Chain Efficiency Inventory 52

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels.

Supply Chain Optimization 52

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

Spend Matters

JUNE 19, 2023

I have seen top performers with catalog content that includes volume/promotional pricing, real-time price checks, multi-currency, multilingual and custom or specialty attributes for industry-specific inventory data, which were also embedded into shopping lists and more.

Procurement solutions 87

Procurement solutions Procurement supply chain budgeting Real-time Visibility 87

EazyStock

JUNE 16, 2022

Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. Inventory management and AI.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Optimization supply chain software solutions 52

The Network Effect

AUGUST 21, 2015

While there are a number of detailed requirements listed below related to inbound logistics (which are fully complied with in the new cloud network platforms we have been discussing), the real key is that in addition to optimizing transportation and logistics costs, we also want full inventory visibility and control.

Real-time Visibility 57

Real-time Visibility Logistics Supply Chain Optimization Supply chain 57

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

The invoice contains all the relevant details such as a description of goods, purchase order number, quantity, unit prices, etc. Time-consuming – The entire process from receiving the PO to making the payment can take up to 30 days. And a big chunk of this time is spent on manually matching the invoices with the PO. Conclusion.

Real-time Visibility 40

Real-time Visibility Purchase orders Purchasing Suppliers 40

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! Integrating big data and the IoT provides an overview of warehouse inventory in real-time.

Inventory 52

Inventory Data Management Real-time Visibility 52

Procurement Tactics

AUGUST 11, 2022

In simple terms, it is the amount of money you need to pay in order to store your unsold goods or inventory in a warehouse. . Commonly, the inventory holding costs comprise 20 to 30% of the total inventory value. Additionally, it increases the longer the time you have stored an item before selling it. .

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

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 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Effective Distribution Operations require careful planning, coordination, and execution to ensure that products reach their intended destinations in a timely and cost-effectively.

Strategy 101

Strategy Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 101

Empowering CPO

JULY 5, 2023

Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making. In an age where business operations are becoming increasingly digitized, procurement is no exception.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

IBM Supply Chain Blog

MARCH 21, 2023

Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean? And since one of the major drivers of resiliency is visibility, you can see where this problem takes root.

Real-time Visibility 84

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 84

FourKites

DECEMBER 11, 2020

This is one of the most abstract costs associated with carrying inventory, and will vary widely based on the nature and quantity of items you keep in storage. Learn more about the ROI of Real-Time Transportation Visibility. Examples of inventory carrying costs. This is your total inventory carrying cost.

Inventory 52

Inventory Real-time Visibility supply chain budgeting Agile and Lean Supply Chain 52

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. The right technology can make your supply chain visible, accessible, and streamlined.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Arkestro

MAY 16, 2022

It’s simply because the amount of transactional data that is created from managing that many items and suppliers is tricky to keep track of without the correct tools (and tools that work in real-time). Deployment takes time, data migration takes time, and onboarding takes time. That’s the beauty of Arkestro.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

Supply Chain Game Changer

AUGUST 10, 2021

I quickly became very familiar with the standard half-sized and full-sized (40″ x 48″) pallets that the company was using at the time, though I was unaware of the Pallet Supply Chain. The form factor is standard issue for the handling, storage and movement of large quantities of goods. The Pallet Market Size.

Price 98

Price Supply Chain Efficiency Supply chain Supply 98

EazyStock

JUNE 10, 2022

Calculating demand forecasts and replenishment parameters can also be very challenging and time-consuming without software. An inventory optimization app focuses on optimizing stock levels – reducing the risk of stock outs while ensuring you don’t over-invest and carry too much excess. Delivery truck logbooks.

Real-time Visibility 52

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

Supply Chain Game Changer

APRIL 21, 2020

You reduce cost, you eliminate opportunities for error, you reduce time, you reduce inventories, and you strengthen your Supply Chain’s ability to operate in the face of any disastrous situation. The Don’t Touch philosophy is not restricted to physical goods and materials.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. If this step is not centralized or if it’s being manually processed, it can become very time-consuming. Below are six signs of an inefficient approval process.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

The Thomas Blog

APRIL 12, 2024

By continuously testing and optimizing campaign elements such as subject lines, email design, send times, and CTAs, you’ll improve performance and effectiveness. Share valuable content, participate in relevant groups, and engage with prospects' posts to build your network, visibility, and credibility.

Strategy 52

Strategy Real-time Visibility Networking Buyers 52

The Network Effect

JUNE 11, 2014

In part one I laid out the 5 stage maturity model that shows how organizations can turn their “big data” into “big visibility” The stages are 1) Representation; 2) Accessibility; 3) Intelligence; 4) Decision Management; 5) Outcome-Based Metrics and Performance. Note: this is part 2 in a series of posts.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply chain Real-time Visibility Networking 78

EazyStock

JANUARY 6, 2023

As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs. While one piece of software won’t bring you complete visibility, you can implement different solutions based on business needs.

supply chain software solutions 52

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

EazyStock

JANUARY 6, 2023

As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs. Increased supply chain visibility. The averted US rail strike in December 2022 would have been catastrophic for US residents and the wider supply chain.

supply chain software solutions 52

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

Supply Chain Game Changer

AUGUST 6, 2020

E.g., the same data may be inserted multiple time or timestamp of the data does not match with the fulfilment. With limited assets and workforce, supply chain and logistics activities have to be managed in innovative ways to ensure timely order fulfilment. Data Processing. The collected data may be duplicate or with errors.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

IBM Supply Chain Blog

AUGUST 11, 2023

It advances the scalability of ML in real-world applications by using algorithms to improve model performance and reproducibility. MLOps aims to streamline the time and resources it takes to run data science models using automation, ML and iterative improvements on each model version. What is MLOps?

Data 58

Data Real-time Visibility Collaboration Innovation 58