FreightWaves SONAR

MAY 14, 2024

From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production. Shippers have the strongest leverage at this point and can do themselves a favor by making sure they are procuring transportation at a sustainable price.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

SYSPRO Smarter ERP

NOVEMBER 13, 2023

This results in inefficient decision-making processes due to siloed data which limits the ability to respond to changing conditions quickly and accurately. An ERP system with embedded BI enables manufacturers to have better analytical capabilities and to be data-driven. What do BI and ERP do?

ERP 64

ERP Manufacturing Procurement Inventory Reduction Optimal Sourcing 64

SYSPRO Smarter ERP

APRIL 22, 2024

.” Dan Holme, director of product marketing for Yammer, SharePoint, OneDrive, and Stream Efficiency in Data Automation With an ERP, you no longer tie up resources in manual accounting and data entry. The same data can be transferred throughout multiple layers of the operation. appeared first on SYSPRO Blog.

Manufacturing Procurement 105

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SYSPRO Smarter ERP

APRIL 26, 2023

An ERP system brings financial, manufacturing, and business data into one central place so staff and management can have a complete view of how different business areas are working in real-time. Data from the system can then be used to track how corrective actions are making improvements.

Manufacturing Procurement 98

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GlobalTranz

OCTOBER 19, 2016

Editor's Note: This is a blog from our friend Augie Grasis who shows us how big data can work to our advantage with dynamic freight pricing. One of the big buzzwords in many industries is “Big Data.” One example of the utilization of Big Data is dynamic pricing of LTL freight. Understanding this (and acting on it!)

Price Reduction 96

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Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 139

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GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

Freightos

NOVEMBER 7, 2023

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Subscribe Now Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights. kg China – N. Europe – N.

Negotiating Skills 112

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 112

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

Freightos

DECEMBER 6, 2023

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freightos Air Index data show that China – N. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU. America weekly prices were level at $6.30/kg kg China – N. Europe – N.

Negotiating Skills 95

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 95

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 56

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 56

GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Freightos

NOVEMBER 7, 2023

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In this blog post, I describe the different paths these modes took and where things stand at the close of 2023. It is indeed “A Tale of Two Modes,” each with its own story, pace, successes, and snags.

eBook 84

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SYSPRO Smarter ERP

DECEMBER 4, 2023

For example, one Australian manufacturer has converted from making just parts for one automotive customer, to being able to produce many different components for a number of different automotive customers. Shared data is critical. Tools such as scanning and PLC integration facilitates accuracy and timeliness of quality data.

Manufacturing Procurement 105

Manufacturing Procurement ERP Material Savings Waste Reduction 105

GlobalTranz

AUGUST 18, 2021

The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management. Always Turn to the Data to See Expectations for ROI and Value.

Logistics Network Optimization Software 123

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SYSPRO Smarter ERP

MARCH 31, 2022

Just about every supply chain will be affected by this crisis, for example, with fuel prices surging although there is no shortage yet, there’s risk in supply and shipping routes being cancelled or diverted. With digital technologies, organisations can use data to maximise visibility into demand, inventory, capacity, supply, and finances.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 105

SYSPRO Smarter ERP

MAY 10, 2022

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Demand forecasting : Data on sales history should be available to produce forecasts. Since sales is a strong driver of success, there should integration between sales and production planning.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

SYSPRO Smarter ERP

APRIL 18, 2022

With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges. Without the right data insights businesses are unable to understand the impact of all factors on their daily business activities and deal with supply and demand shocks. Collaboration for transparency and profitability .

Manufacturing Procurement 124

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software ERP 124

SYSPRO Smarter ERP

AUGUST 22, 2022

This blog looks at some of the challenges facing the fabricated metal industry and solutions to assist manufacturers adapt to market demands and continue to thrive: 1. For example, a custom manufacturer may need a metal fabrication supplier to take on a design-to-order project. Challenge: Meeting unique customer requirements.

Supply Chain Design Software 105

Supply Chain Design Software Manufacturing Procurement Optimization Software Optimal Sourcing 105

SYSPRO Smarter ERP

NOVEMBER 28, 2022

The ERP system provides the data through an integrated approach to measure how the TOC strategy works. For example, for a manufacturer, the Drum could be the master production schedule, Buffers could be inventory or other processes (e.g.,

ERP 98

ERP Manufacturing Procurement Modeling Software Inventory Reduction 98

SYSPRO Smarter ERP

OCTOBER 18, 2021

For example, the manufacturing sector in Australia is one of the top three heaviest carbon emitters within the country. An example is tracing every product from raw material to finished product to ensure it’s sustainable while reducing wastage. The traditional way toward a more sustainable supply chain has been through procurement.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Resource Reduction Supply Chain Planning Software 130

Freightos

JANUARY 15, 2024

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. and bakes really good cookies.

Negotiating Skills 114

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. This helps to realize fewer tender rejections, increases an understanding for requests for proposal (RFPs) bringing optimal deals, and improves lead time planning to secure capacity procurement.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

SYSPRO Smarter ERP

JULY 19, 2022

Data from the ERP system is the first step to optimizing the flow of products and services in your supply chain to reduce waste. An ERP system has the tools for forecasting, stock accuracy, tracking historical data for sales and works orders which will assist you to set minimum or maximum stock levels. appeared first on SYSPRO Blog.

Manufacturing Procurement 105

Manufacturing Procurement ERP Waste Reduction Optimal Sourcing 105

FreightWaves SONAR

JULY 24, 2023

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. This sector covers important activities relating to procurement, transport, and storage of goods. Measuring performance with transportation KPIs and freight data is getting easier.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

SYSPRO Smarter ERP

DECEMBER 12, 2022

As much as businesses today wish they have a crystal ball to predict when the next pandemic will hit them or how their supply chain will be affected by global geopolitical events, many business decisions are still based on historical financial data, from the GL. 3 reasons why manufacturers should use an integrated ERP accounting system.

ERP 111

ERP Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 111

SYSPRO Smarter ERP

MARCH 29, 2022

An ERP system also helps executives ensure that data becomes the heart of business culture and key to decision-making. It gives everyone in the company access to the same meaningful data, helping them make better decisions. By implementing portals as part of the ERP system, relevant data can also be shared with suppliers and customers.

Manufacturing Procurement 116

Manufacturing Procurement ERP Digital Modeling Software 116

Carter Logistics

MAY 13, 2019

Blog Topics. Gaining more actionable data. Here are some examples of areas in supply chains where automation technology can be applied: Payments and invoicing. Procurement. Data and reporting. The Shared Milkrun Mexico & Border Logistics. Benefits of Supply Chain Automation. Improving the accuracy.

Supply Chain Software 84

Supply Chain Software Supply Chain Planning Software Supply Chains Automation 84

FreightWaves SONAR

APRIL 4, 2024

Recognizing the collective significance of market conditions across KMAs at any given time, logistics professionals can devise strategies that accommodate the diverse nature of these areas, ensuring efficient and effective freight procurement and management.

Supply Chains 52

Supply Chains Optimal Sourcing Freight Outbound 52

SYSPRO Smarter ERP

JANUARY 19, 2022

For example, one of the main problems with Asian-US trade is that all container ship deliveries are now routed to the West Coast, even though the bulk of America’s manufacturers are based on the East Coast. Use data to improve operations. To assist with the short-term solution, the answer is an extensive data-gathering exercise.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 105

Blue Grace Logistics

SEPTEMBER 30, 2021

What This Blog Is About: The difficulty of factoring in freight costs. For example, a company gets a shipping rate of $100, and they quote the customer $120. For example, for how long is it correct to do this? The primary weapons are an excellent visibility level and the ability to analyze data to make educated guesses.

Freight 62

Freight Logistics Network Optimization Software Material Savings Cost Reduction 62

GlobalTranz

FEBRUARY 24, 2015

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.

Data 94

Data Transportation Cost Reduction Material Savings 94

CLX Logistics

JULY 26, 2021

Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table. So, what are your competitors getting from modern data and analytics solutions that you’re missing out on? Procurement Event Strategies. Data-Informed KPI Development.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

GlobalTranz

JULY 28, 2021

True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation. A managed transportation solutions provider could enable that with pre-on boarded carrier networks.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

SYSPRO Smarter ERP

FEBRUARY 6, 2023

Many manufacturers have machines that cannot collect and transmit the data needed to support a digitalization initiative and they will need to be modified or replaced. How will you make use of the information Digitalizing your business will result in the generation of large amounts of data.

Digital 52

Digital Manufacturing Procurement ERP Supply Chain Software 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

AIMMS

NOVEMBER 12, 2019

In this blog post, I’ll explore why and offer a helpful alternative. . Procurement then pulls together a summary file with the vendors’ different scores for the supply chain decision maker to evaluate. .” “Most companies ask the wrong questions and consequently have the wrong discussions.” Let’s take some examples. .

Supply Chain Planning Software 101

Supply Chain Planning Software Procurement Solutions Modeling Software Supply Chain Software 101