SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. Why outsource Demand Planning?

Supply Chain Optimization 105

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 105

Jaggaer

OCTOBER 24, 2024

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Logistics 98

Logistics Supply Chain Optimization Order Fulfillment Inventory 98

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Analyzes data to predict future inventory requirements and avoid stockouts.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Una

AUGUST 2, 2022

Contract monitoring. AI is also getting better at reading unstructured documents including supplier contracts, with one study revealing that AI read a contract in 26 seconds while human lawyers took 92 minutes. IoT proliferation. Self-service. No procurement process can be considered fully automated without self-service.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Procurement Heads

APRIL 27, 2023

The pandemic had a huge impact on many industries; in our case, our revenues dropped by around 40% almost overnight, plus our supply chain dramatically contracted as borders were closed and inventories dried up. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

The pandemic had a huge impact on many industries; in our case, our revenues dropped by around 40% almost overnight, plus our supply chain dramatically contracted as borders were closed and inventories dried up. Also key was demand planning, matching our purchasing plans with the ever-changing demand situation.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

SCMDOJO

JANUARY 17, 2024

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

Una

SEPTEMBER 6, 2022

Procurement process automation can involve anything from automated supplier discovery, payment processing, spend analytics , and contract approval. Utilizing a GPO as an extension of your procurement team can help streamline the purchasing process, save costs, and save time by eliminating indirect spend contract negotiations.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

Supply Chain Opz

NOVEMBER 9, 2014

To coordinate, contracts can be made with direct links in the supply chain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers? Requiring suppliers to contract only sub-suppliers who follow certain standards could be a good start. These are three examples: Rule 3.1:

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. By having a bird’s eye view of the entire process, companies can quickly adapt to sudden changes in demand and find new ways to optimize their operations.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

Supply Chain Game Changer

JULY 31, 2019

Any growing company needs people to forecast demand, produce or source the goods to meet that demand, and ship it quickly and reliably to consumers, while only holding as much inventory as absolutely necessary. But trust us, if you don’t have Supply Chain experience, you can’t. Getting it funded is harder.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

IBM Supply Chain Blog

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

The Good Spending

SEPTEMBER 2, 2023

The added value here is multifaceted – a single supplier responsible for the entire process and able to optimize it, a single contract instead of several contracts (equipment supply and warranty support, purchase of consumables, maintenance), avoidance of storage costs and working time of own staff, etc.

Sourcing 59

Sourcing Procurement Category management Demand Planning 59

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Practical Guides like Plan for Every Part (PFEP) , Demand Forecasting Methods or Stocktaking Procedure.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 98

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. The ultimate goal is to decrease inventory, increase the transaction speed by exchanging data in real-time, and improve customer satisfaction.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. The ultimate goal is to decrease inventory, increase the transaction speed by exchanging data in real-time, and improve customer satisfaction.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 26, 2021

would demand its implementation. I’ve worked for major manufacturers in CPG, Automotive, and Defense Contracting, and I can honestly say that some of the largest organizations are nowhere near accomplishing this. If lead times are compressed, inventory will rise and so will costs.

Supply Chain Visibility 103

Supply Chain Visibility Real-time Visibility e2e Agile and Lean Supply Chain 103

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. This includes optimizing storage space, implementing proper inventory control systems, and ensuring the safety and security of goods.

Logistics 52

Logistics Supply Chain Optimization Order Fulfillment Inventory 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Scope : Procurement spans the entire process from identifying requirements to contract closure. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. My Udemy course "Procurement Lab" My Udemy course "Foundations of Contracts and Outsourcing."

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

MARCH 23, 2021

That is these tasks are the 90% of the iceberg that most can not see. They are oblivious to the 90% of the work that happens below the surface in order to make that commitment a reality.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

SCMDOJO

NOVEMBER 2, 2023

Services Dr. Muddassir offer are as follows: Digital Transformation Inventory Optimization Analysis Advisory and Coaching for Supply Chain Software companies & Professionals Guide: Dr. Muddassir as the supply chain specialist has created 7 e-Books for the SCMDOJO Academy with his extensive knowledge and experience in the field.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Empowering CPO

JUNE 26, 2023

Procurement data encompasses a wide range of information, including historical spend, transaction details, contracts, supplier information, and market intelligence. By analyzing historical spend patterns and supplier performance, organizations can negotiate better contracts, consolidate suppliers, and implement strategic sourcing initiatives.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Let's Talk Supply Chain

APRIL 6, 2023

Enveyo empowers its clients to use supply chain data to turn shipping operations into a competitive advantage through Enveyo’s suite of logistics optimization software , including the solutions: Insights : Integrated reporting & business intelligence Modeling : Predictive analytics Cloudroute : Intelligent transportation management system (TMS) (..)

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Logistics Data 52

Empowering CPO

JUNE 27, 2023

With this knowledge, organizations can foster stronger relationships, negotiate favorable contracts, and collaborate more effectively with suppliers to drive innovation and continuous improvement. The first component involves collecting data from various sources, such as procurement systems, invoices, contracts, and financial records.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Finale Inventory

FEBRUARY 6, 2025

A 2020 survey revealed that 40% of retailers plan on managing their demand-supply using real-time data, and 45% said the same with inventory replenishment. Another survey revealed that demand forecasting is one of the top three most popular investments among retail and consumer goods supply chain leaders.

Inventory 52

Inventory Demand Raw materials Data 52