Conger

APRIL 1, 2024

Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. Predictive Maintenance Predictive maintenance takes things further using data analysis tools and techniques like vibration analysis and thermal imaging.

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Globalior

JUNE 26, 2020

Procurement: Procurement may be able to work from home, however a big part of a procurement executive’s job is vendor management which is best done face to face. Data Analysis: Some data analysts will do well working from home. However in many companies, a data analyst also has to do extensive data entry.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 52

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

SYSPRO Smarter ERP

NOVEMBER 30, 2021

It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Stay Agile, Get Ahead.

Supply Chain Planning Software 105

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

Logistics Viewpoints

FEBRUARY 26, 2024

For example, when a UPS strike was looming last year, the Interos solution automatically highlighted Cooper’s strategic suppliers that relied on UPS for shipping. Agility and Resilience Dr. Runkle gave a few examples of the varied ways in which they use the solution to improve their operations. Then the risk solution fills in the gaps.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 150

Trinity Logistics

OCTOBER 31, 2021

While a TMS might seem daunting and expensive, it’s become an essential tool for businesses to be successful. Transportation management affects every part of your logistics process, from planning to procurement and more. A TMS has multiple options and breakdowns to give you the best analysis of your data. Looking to learn?more?about

Optimization Software 98

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 98

AIMMS

SEPTEMBER 17, 2019

Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. If you make modifications to the tool, you’re on your own. We wanted to have a robust analysis that we fully understood. But the speed of analysis did not match the speed of decision-making required by the business.

Supply Chain Design Software 102

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 102

SYSPRO Smarter ERP

FEBRUARY 6, 2023

An ERP system that includes various tools for reporting and analysis is important in allowing people to make decisions based on data. For example, in procurement, AI can assist in strategic sourcing and supplier risk monitoring, as well as identifying potential fraud in payments.

Digital 52

Digital Manufacturing Procurement ERP Supply Chain Software 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

AIMMS

SEPTEMBER 17, 2019

Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. If you make modifications to the tool, you’re on your own. We wanted to have a robust analysis that we fully understood. But the speed of analysis did not match the speed of decision-making required by the business.

Supply Chain Design Software 62

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 62

EazyStock

DECEMBER 17, 2019

One notable example is Amazon, who uses AI to track customers’ purchasing habits and to use that information to make recommendations for other products. AI can be used in supply chain planning to analyze huge datasets and provide an analysis of supply and demand trends for better procurement.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

EazyStock

MARCH 26, 2018

Through better inventory management, we’ve been able to support our stock management and procurement processes much better, which has even resulted in higher profits!” In Microsoft Dynamics NAV for example, you can set values for reorder points and safety stock levels. ” [1]. Automated alerts.

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

Transporeon

MARCH 13, 2017

Procurement professionals, if you are considering a transition from manual and Excel-based RF(x) to online automated e-sourcing platforms, here is the information you need to mitigate fear, uncertainty and doubt in your supplier base. But feedback from suppliers on the available procurement automation platforms tends toward the negative.

Sourcing 48

Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 48

EazyStock

JULY 25, 2020

I oversee our warehousing and procurement processes. One of the benefits of EazyStock is the automated analysis of each SKU to make sure it has the right demand type assigned. One example – particularly within our industry – is having technology that monitors machinery (our company’s valves, pumps, etc.)

Supply Chain Software 52

Supply Chain Software Optimization Software Automation Optimal Sourcing 52

EazyStock

DECEMBER 13, 2021

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. Introducing ABC analysis to categorize your stock would help identify these so you can prioritize your time. The aim is to increase your options when you need to economically procure stock in an emergency.

Inventory 52

Inventory Supply Chain Planning Software How To Supply Chain Software 52

Logistics in War

APRIL 9, 2020

Those who were intimately involved in the redeployment of Australian combat elements from Afghanistan in 2013 will have no troubles in citing examples of huge stockpiles of stuff that were created through over ordering, poor stock management, risk adverse planning and a failure to recognise changing security conditions.

Supply Chain Planning Software 77

Supply Chain Planning Software Military Exercises Logistics Network Optimization Software 77

GlobalTranz

SEPTEMBER 28, 2016

3) Reduce Supply Base Risk by the Effective Application of Focused Systemic Improvements and Risk Factor Analysis. . How to Track Performance. 50% improvement) min. improvement on Supplier DPPM.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 89

EazyStock

FEBRUARY 7, 2020

Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Logistics Business Magazine

DECEMBER 16, 2021

His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Analyses of automotive manufacturers, for example, may show that re- or nearshoring of certain products or components makes sense. Omnichannel comes without an alternative.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 54

Talking Logistics

APRIL 17, 2018

A Deloitte study in 2017 found 49% of procurement officers believe the quality of data is a major barrier, and the lack of data integration was the number two barrier (42%). The second stage, Diagnostic Analytics, allows organizations to execute root cause analysis for issues and inefficiencies across functions, departments, and operations.

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 68

GlobalTranz

NOVEMBER 16, 2016

For example, supply procurement, manufacturing processes and warehousing information should be the first considerations. In other words, your big data strategy should reflect an ongoing process of data collection, analysis and action to produce better results than the original starting point.

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. Examples of retailers that use automatic replenishment are Walmart, Dollar Tree, Target, Costco, and Tesco. For example, reordering may require permission to be activated.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Blue Grace Logistics

MAY 10, 2019

This is especially important when trying to maintain retail compliance, for example, with increasing customer demands like On Time; In Full (OTIF) or Must Arrive By Date (MABD). For example, are your planners and purchasers communicating properly, not only with each other but with the production floor and shipping department?

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 54

Logistics Bureau

MARCH 14, 2018

Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Outsourcing providers use advanced technology to make their operations more efficient and to safeguard their own margins, but the same tools are available to all those prepared to invest in them.

Supply Chain Software 64

Supply Chain Software Warehousing Automation Supply Chain Design Software 64

GlobalTranz

APRIL 30, 2015

” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Another crucial factor in supplier risk management to look for during on-site evaluations is how your carriers store their equipment, spare parts and securement tools.

Buyer Training 93

Buyer Training Training Security Logistics Network Optimization Software 93

Infosys Supply Chain Management

APRIL 8, 2014

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Analytics Analytics means scientific and systematic analysis of data. Amalgamation of multiple analytics techniques and methodologies like statistics, neural networks, weibull analysis etc. Customer Service.

Supply Chain Planning Software 35

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Modeling Software 35

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

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 139

GlobalTranz

NOVEMBER 17, 2016

Transportation modes used in procurement and shipping. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data.

Supply Chain Design Software 115

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

247 Customs Broker

APRIL 17, 2018

A Deloitte study in 2017 found 49% of procurement officers believe the quality of data is a major barrier, and the lack of data integration was the number two barrier (42%). The second stage, Diagnostic Analytics, allows organizations to execute root cause analysis for issues and inefficiencies across functions, departments, and operations.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 28

Logistics Viewpoints

JANUARY 23, 2023

Mr. Railey told the audience, “The IT organization may have significant cultural differences when compared with the maintenance organization or finance and procurement organizations, and all the cultural differences need to be considered when rolling out an initiative. We used Excel as a feedstock balancing tool for ethane crackers.”

Supply Chain Design Software 17

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 17

SYSPRO Smarter ERP

NOVEMBER 13, 2023

One of the big challenges facing manufacturers is inadequate reporting and analysis capabilities. ERP software integrates various business processes, such as accounting, manufacturing, inventory, procurement and sales into a single database. Why companies invest in BI As a business grows, so does the amount of data.

ERP 64

ERP Manufacturing Procurement Inventory Reduction Optimal Sourcing 64

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out. If a specification changes or new tools come online, this excess inventory may end up in the trash. Too Little.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others. Optimization and simulation are the two main branches of SCND. But it has gaps.

Supply Chain Design Software 137

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 137

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. A comprehensive range of tools has been built into the SYSPRO ERP solution to help you do just that.

Manufacturing Procurement 105

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

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Planning platforms can pull data from multiple internal and external data sources.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

Logistics Bureau

MAY 8, 2023

By neglecting or underestimating the need for meaningful analysis, they typically fail to attain anything like the value they might receive with effective carrier management. You must evaluate the option in detail to know if it presents more pros than cons or vice versa.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Viewpoints

JANUARY 23, 2024

The example they gave me was to understand the yield for a burger with pickles at a QSR. Part of this analysis is to look at lost revenue or the seasonality of items, and help to create a specific promotion for that item. For the end consumer, it creates a snapshot of traceability from procurement to delivery.

Supply Chain Planning Software 126

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 126