Optimal Sourcing Related Topics 
Logistics Viewpoints
MAY 19, 2022
Supply chain optimization has also improved in significant ways that can address these trade-offs better than before. Optimizing one link doesn’t optimize the entire supply chain – you must consider the impact of any decision on the entire network.
3PL Links
FEBRUARY 6, 2023
Supply Chain Optimization Tips | Image Source: Flickr A company’s supply chain is made up of players at various levels and diverse logistical components, each of which plays a crucial role. Supply Chain Optimization Tips | Image Source: Lokad 3.
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Supply Chain Brain
AUGUST 14, 2022
In the first weeks of the COVID-19 pandemic, business planners, expecting a harsh recession, shut down manufacturing plants and canceled retailing orders
Logistics Viewpoints
APRIL 29, 2021
Many companies are achieving this transformation by adopting modular, elastic DC technologies – including AI and robotics – that provide continuous warehouse optimization without replacing their current monolithic and static warehouse systems. Continuous Warehouse Optimization Opportunities.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. We’ll help you drudge through the boundless opportunities and help clarify all the buzz. During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results.
MercuryGate
JUNE 24, 2021
The key to supply chain optimization lies in the ability to integrate the appropriate software platforms. Procurement and shipping managers are collaborating with TMS and other platforms to increase productivity and profitability. Blog Freight Optimization Procurement Shippers
EazyStock
APRIL 28, 2022
What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Optimization tools.
EazyStock
APRIL 28, 2022
What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization best practice. Optimization tools.
EazyStock
MARCH 4, 2021
How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover.
Logistics Viewpoints
NOVEMBER 8, 2022
So, how can organizations tackle the inflationary environment by finding significant cost savings opportunities while improving resiliency? The key to this lies with sourcing. Before diving further, let us define what sourcing is. Digitalizing sourcing (i.e.,
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Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.
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SIPMM Professional Publications
MARCH 11, 2020
Procurement has grown significantly more strategic over the past twenty years, now, digital supply chain management and analytics are bringing new strength to the strategic role. Digital procurement is an exponential shift that allows organizations […]. Publication Procurement
Blue Grace Logistics
JUNE 10, 2021
What’s covered in this article: Benefits of freight optimization technologies. Freight optimization technologies have increased in relevance, as they could help improve the health of a business by reducing costs and increasing sales. Drivers also benefit from optimization.
SYSPRO Smarter ERP
AUGUST 17, 2022
Manufacturers and distributors can optimize their inventory management using some of the latest emerging technologies, including machine learning, data analytics, artificial intelligence, and cloud computing.
CLX Logistics
AUGUST 17, 2022
A transportation management system is a logistics technology platform that helps manufacturers, distributors, 3PLs, and any participant in the supply chain system plan, execute, and optimize the transportation of incoming and outgoing goods and ensure shipments are compliant and properly documented.
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Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.
Logistics Business Magazine
FEBRUARY 8, 2023
Further development of data analytics systems will result in self-learning machines that use real-time data to self-optimize the system. The post Pouch Technology: Optimizing Reverse Logistics appeared first on Logistics Business® Magazine.
Locus
FEBRUARY 22, 2022
Here are some of the ways Locus’ AI-powered OMS solution can help optimize the last mile: Efficient planning and execution: With the help of AI-driven logistics planning , brands can manage their delivery operations with ease. Sources. The year 2020 changed the face of e-commerce.
Material Handling and Logistics
JULY 26, 2022
Companies with forward-thinking procurement strategies rebounded three times faster from COVID than those without, according to Kearney research. Global Supply Chain
SYSPRO Smarter ERP
AUGUST 1, 2022
However, effectively dealing with these challenges and optimizing a manufacturing business’ processes is challenging without adopting and implementing a Bill of Materials (BOM) to accompany an organization’s ERP system. This all improves customer satisfaction in the organization.
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In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics.
Supply Chain Brain
MAY 15, 2022
Soaring customer demand has created unique challenges for procurement managers. By developing effective inventory management techniques, procurement professionals can tackle the issues from several unique angles
SIPMM Professional Publications
JULY 18, 2019
Inventory optimization is having the right inventory, in the right quantities and at the right locations to meet the supply and […]. The post Data Analytics for Optimizing Inventory appeared first on SIPMM INSTITUTE. Publication ProcurementData analytics is the process of examining structured and unstructured data sets in order to provide real-time up to update information that can facilitate the company to maximize the decision value in the business.
ShipLilly
JUNE 23, 2021
As a consequence, NVOCCs, logistics service providers, warehouse operators, and freight forwarders can improve their operations in terms of service quality, efficiency, and pace. Function 2: Optimizing manufacturing processes. Function 3: Improving the accuracy of inventory management.
SYSPRO Smarter ERP
APRIL 19, 2019
Procurement is often overlooked and undervalued, yet it impacts every facet of a business. Procurement and supplier relationships have an important role to play when it comes to ensuring manufacturers and distributors meet their strategic goals. Fortunately, strategic sourcing policies for procurement can provide the ultimate competitive advantage. It’s time to streamline the procurement process, harnessing […].
Speaker: Adam Robinson, Director of Marketing, Cerasis
In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.
WorkWave
SEPTEMBER 16, 2020
Your company’s profits are the key to its success, which means that any opportunity you have to bring in new business or to improve your operational effectiveness is not to be overlooked. The post Using Custom Forms and Proposals to Optimize Your Sales Process appeared first on WorkWave.
GlobalTranz
JULY 28, 2021
Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.
AIMMS
JANUARY 24, 2019
Today, the steel manufacturing leader has an ambitious digital transformation agenda and is leveraging AIMMS technology to optimize operations in its home country. Our analytics department is comprised by data scientists who work on developing AI models, as well as OR specialists who focus on Supply chain optimization, simulation and mathematical programming. Your team is currently using AIMMS for a supply chain optimization project. Supply chain optimization
Talking Logistics
FEBRUARY 1, 2018
What’s really changing now is that consumer expectations have come up so high versus where they used to be — call it the “Amazon Effect” or whatever you’d like — but the consumer today, or even the average procurement person, has so much information at their fingertips and such high expectations now that those intuitive yet largely unfulfilled promises of control towers have now really become absolutely necessary,” said Nightingale.
Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group
In this exclusive webinar, Rod Robinson, SVP of the Supplier Diversity Practice Lead & Center of Excellence, dives into the key benefits corporations are seeing emerge from their supplier diversity programs and how you can gain invaluable competitive advantages with a supplier diversity program of your own.
Talking Logistics
MARCH 27, 2018
Adding a Transportation Management System (TMS) with support for all modes and powerful optimization tools can be a great game plan to help shippers continue to gain efficiencies, reduce costs, and improve service to customers. First Four” Plays to Optimize Your Supply Chains. Identify the optimal mode and carrier based on customized parameters. An optimization tool can help shippers choose the best mode, most economical carrier, rate and route to meet their needs.
Bringg
MARCH 24, 2021
Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? . Optimizing this process allows it to function at peak efficiency. Best practices for supply chain optimization .
Morai Logistics
APRIL 4, 2019
Technology is the source of continuous global economic and social change. In addition to improving our every day lives, it also enables industries to advance and optimize communications, operations, production and servicing. Connected logistics not only drives revenue, but it also improves the way processes are managed. Optimize warehouse operations. In addition, cloud logistics also helps organizations automate processes, which improves productivity.
SYSPRO Smarter ERP
MAY 30, 2022
Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.
Chronicled
FEBRUARY 23, 2023
Photo by Scott Graham on Unsplash Gross-to-net (GTN) optimization, or, the process of optimizing the difference between gross sales (i.e., This can help to eliminate issues related to data inaccuracies, which can be a major source of revenue leakage.
SYSPRO Smarter ERP
MAY 30, 2022
Disruptions like the pandemic, supply shortages, global trade barriers, high customer expectations and inflation all add tremendous pressure on the procurement process. Despite this, only 33% of businesses invested in procurement and sourcing technologies.
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