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 start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

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

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. Curious about how KMA trends can inform an effective supply chain strategy?

Supply Chains 52

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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

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? In other words, it will be different for every enterprise or organisation.

Inventory Reduction 87

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 87

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.

Negotiating Skills 115

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SYSPRO Smarter ERP

APRIL 18, 2022

Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. The post How manufacturers and distributors can use ERP to gain control across the supply chain appeared first on SYSPRO Blog.

Manufacturing Procurement 124

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Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Outsourcing 87

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GlobalTranz

AUGUST 18, 2021

Focus on Carrier Procurement and Management. Since a transportation management services provider’s whole business is transportation, any selection process must also focus on what that entity does to procure and manage its carriers. In many cases, this refers to the intuitive workflows that exist with the TMS in operation.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

SYSPRO Smarter ERP

MARCH 29, 2022

Leadership with a purposeful digital strategy is the key to transformation. By integrating the systems across all functions, the information that sales updates will automatically update the master production schedule for the shop floor and the material requirements plan for procurement and warehouse management. Start small.

Manufacturing Procurement 116

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247 Customs Broker

MARCH 26, 2018

At first, he didn’t like my honest response: “Jim, you’re using a commodity-oriented procurement process for selecting your carriers and third-party providers. Here are four reasons why your own procurement process might not be as good as you think it is. Third, many procurement processes suffer from confirmation bias.

Optimal Sourcing 28

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Shipchain

NOVEMBER 15, 2018

A product changes hands approximately 30 times between the procurement of raw materials and its final destination. For both examples, blockchain technology can add an extra layer of visibility in all logistics and transportation processes that will lead to reduced costs. Another big issue is fraud and theft. Eliminate financial fraud.

Cost Reduction 90

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Blue Grace Logistics

MARCH 17, 2022

How high diesel prices may change future freight procurement strategies. One turnkey approach to managing costs in volatile markets can be to focus on reducing costs where you do have control: Sourcing strategies. To read the entire blog visit BlueGrace Logistics. How to help manage overall transportation costs.

Cost Reduction 62

Cost Reduction Price Reduction Expense Reduction Waste Reduction 62

SYSPRO Smarter ERP

APRIL 13, 2022

Supply chain survival strategies that manufacturers and distributors can leverage. Here are a few more strategies to help with managing the supply chain and improving risk management techniques: Reduce the impact of risks by diversifying your supply chain and create a dual or multiple supply chains for critical components.

Supply Chain Planning Software 111

Supply Chain Planning Software ERP Supply Chain Software Price Reduction 111

Infosys Supply Chain Management

AUGUST 7, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog.

Blog 27

Blog Resource Reduction Trends Sourcing Strategies 27

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Key Features: Basic Auditing. contract, bill of ladings).

Supply Chain Software 148

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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. The costs of logistics as a ratio of total expenses are too significant to ignore.

Cost Reduction 105

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Infosys Supply Chain Management

SEPTEMBER 18, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog.

Blog 27

Blog Manufacturing Procurement Resource Reduction Supply Chain Planning Software 27

FreightWaves SONAR

APRIL 1, 2021

That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Generally, it follows the same basic process: Take the dimensional weight, for example, with a package that’s estimated to be eight pounds after calculating its dimensional volume and dividing that value by the DIM factor. Download the White Paper.

Negotiating Skills 98

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Infosys Supply Chain Management

FEBRUARY 4, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Process Outsourcing. Customer Service. Human Resources.

Supply Chain Planning Software 25

Supply Chain Planning Software Supply Chain Software Blog Supply Chains 25

EazyStock

APRIL 18, 2023

In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. For example, warehouse costs, insurance and financing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Infosys Supply Chain Management

APRIL 19, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog.

Blog 29

Blog Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software 29

Infosys Supply Chain Management

JANUARY 13, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Process Outsourcing. Customer Service. Human Resources.

Supply Chain Planning Software 26

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FreightWaves SONAR

MARCH 22, 2021

For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. For example, if there is a darker red shading, you can expect that the shipping rates for space in a truck will also elevate on a cost per mile basis. OTMS x OTRIW = WRI. The calculation would be: 4 x (5-3) = 8 WRI.

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

GlobalTranz

SEPTEMBER 28, 2016

Editor's Note: Today's blog is by Dr. Muddassir Ahmed of muddassirism.com. In this blog he provides a simple reference guide to better yourself as a supply chain leader. Here are few examples which I used: Focus Supplier improvement results (DPPM and/or OTD with min. How to Track Performance. 50% improvement) min.

Supply Chain Planning Software 89

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FreightWaves SONAR

MARCH 22, 2021

Failures to understand the severity of the problem can quickly amount to massive waste across different sectors, particularly in transportation procurement and execution. . To further drill into this example, consider an individual lane with high market volatility.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

Infosys Supply Chain Management

SEPTEMBER 18, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog.

Blog 29

Blog Manufacturing Procurement Supply Chain Planning Software Resource Reduction 29

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. Download Now.

Supply Chain Planning Software 115

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Infosys Supply Chain Management

SEPTEMBER 5, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Business Assurance: Supply Chain Blogs. Procurement Blog.

Supply Chain Planning Software 26

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Transporeon

SEPTEMBER 20, 2018

These services include transportation procurement, freight rate management, shipment execution, time slot management and dock scheduling for efficient freight loading and unloading, and real-time shipment tracking and visibility. Adapt the freight allocation strategy to handle scarcity .

Price Reduction 101

Price Reduction Cost Reduction Resource Reduction Capacity 101

Infosys Supply Chain Management

SEPTEMBER 24, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. For Example, safety related procedure. Procurement Blog.

Blog 24

Blog Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 24

Parade

APRIL 22, 2019

For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. For example, right now, there is incredibly valuable data available from thousands of daily interactions brokerages are having with their carriers.

Security 68

Security Vendor Strategies Freight Industry 68

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Key Features: Basic Auditing. contract, bill of ladings).

Supply Chain Software 78

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 78

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Key Features: Basic Auditing. contract, bill of ladings).

Supply Chain Software 78

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 78

SYSPRO Smarter ERP

JANUARY 12, 2022

Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

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].

ERP 72

ERP Inventory Reduction Inventory Optimal Sourcing 72

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

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