Supply Chain Brain

OCTOBER 31, 2022

To meet modern customer demands, including same-day delivery and real-time visibility, specialized companies within the last-mile space are needed.

Real-time Visibility 130

Real-time Visibility Demand 130

Procurement Tactics

MAY 22, 2023

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. Improved operations Sharing performance data in real-time among various departments within logistics organizations can enhance operational efficiencies.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Procurement Tactics

MARCH 27, 2023

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

supply chain budgeting 192

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

Procurement Insights

NOVEMBER 21, 2023

EDITOR’S NOTE: In December 2010, I wrote an article about one of Time Magazine’s picks for the Top Innovations in 2008 – Made-in-Transit Packaging. I obviously think what EiKO is doing regarding process visibility is great – kudos to the company for its progressive customer-centric thinking.

e2e 86

e2e Real-time Visibility Sourcing Consumer demands 86

Finale Inventory

FEBRUARY 19, 2024

As we delve into planning for success in 2024, it becomes clear that an often-overlooked aspect demands our attention: the returns process. This blog explores the strategic importance of returns and inventory management, illustrating how strategic returns can drive business success in the dynamic ecommerce environment.

Inventory 105

Inventory Real-time Visibility Management Quality 105

Procurement Tactics

JUNE 8, 2023

Additionally, we will tell you the benefits of managing your inventory effectively. Reading this article will enable you to manage and monitor your inventory better. Thus, ensuring that you can always fulfill the demands of your customers. What is Inventory Management? So, without further ado, let us now start!

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

AUGUST 28, 2024

Inventory management was rudimentary, often relying on manual processes and paper-based systems. This approach limited visibility and control over stock, leading to inefficiencies and potential stockouts. The Shift Towards Efficiency: Streamlining Operations As supply chains grew more complex, the need for optimization emerged.

Real-time Visibility 91

Real-time Visibility Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

ivalua

FEBRUARY 25, 2021

ERP solutions often lack robust capabilities around managing all of the data attributes for products and vendors, and cannot update them in real time or in an automated fashion. Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

MAY 31, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Control — What You Should Know Inventory control allows businesses to ensure that the right amount of supply is available to meet the customers’ demands. In this article, we will discuss what inventory control is.

Inventory control 174

Inventory control Inventory Real-time Visibility supply chain budgeting 174

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. What is Inventory Forecasting?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

IBM Supply Chain Blog

JUNE 30, 2023

3 steps to building healthcare supply chain resiliency Step 1: Improve visibility and proactivity Hospital systems work with multiple fragmented teams, technologies and processes to manage daily operations, leading to a pervasive lack of data visibility. Doing so streamlines purchasing power and optimizes inventory management.

Supply Chain Efficiency 77

Supply Chain Efficiency supply chain budgeting Real-time Visibility Supply Chain Optimization 77

ivalua

MAY 30, 2022

As the demands on supply chains continue to increase, so do the expectations of consumers. To stay ahead of all of these risk factors and changing demands, organizations need to discard their linear supply chain models and embrace an autonomous, end-to-end connected ecosystem. Digital Champion Best Practices.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Tactics

JULY 23, 2023

The main goal of last mile logistics is to ensure that goods or services ordered by customers are delivered efficiently and on time. This tracking system enables real-time updates on the shipment’s whereabouts and estimated delivery time. It ensures packages are less likely to get lost during delivery.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Procurement Tactics

OCTOBER 16, 2022

ERP software in construction is a specialized enterprise resource planning system created to cater to the demands or needs of construction companies. The system gives the user accuracy, visibility, and control over whether the project can be profitable or not. Visibility of the workflow. CAD interface. Work cycle process.

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

SCMDOJO

APRIL 29, 2024

A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain.

Supply chain management 96

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 96

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Defining Supply Chain Collaboration. Horizontal Collaboration .

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

Procurement Tactics

JUNE 8, 2023

Moreover, simple inventory counts can be conducted by trained staff when time is limited or there is high employee turnover. Benefits of Periodic Inventory System The primary advantages of using a periodic inventory system are its implementation, lower cost, and reduced staffing requirements.

Inventory 192

Inventory Real-time Visibility supply chain software solutions Quantity 192

Supply Chain Game Changer

JANUARY 13, 2022

According to experts, the demand for last-mile delivery is expected to grow by 78 percent globally by 2030. Additionally, Google Maps offers an option for quick reroutes by factoring in accidents and traffic snarl-ups in real-time, making it one of the most efficient tools in route planning. Final words.

Innovation 119

Innovation Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 119

SCMDOJO

JUNE 14, 2024

But with ever-increasing complexity, skilled professionals are more in demand than ever. The program offers on-demand modules, allowing you to learn at your own pace, whether you prefer short bursts or dedicated study sessions. The global economy runs on efficient supply chains. Flexible Learning on Your Terms: Busy schedule?

Supply Chain Optimization 104

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 104

Finale Inventory

JULY 18, 2024

It allows you to remain competitive in a fast-paced market and meet the demands of today’s discerning online shoppers. This helps adjust inventory levels, reducing the risk of stockouts and overstocking. This helps adjust inventory levels, reducing the risk of stockouts and overstocking.

Inventory 98

Inventory Supply Chain Efficiency Management Real-time Visibility 98

SCMDOJO

NOVEMBER 20, 2024

Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence. Moreover, Obsolete inventory damages future stock as well.

Inventory 92

Inventory Supply Chain Optimization Supply Chain Efficiency Real-time Visibility 92

Procurement Leaders

JUNE 10, 2024

Just 1% of respondents to a poll Procurement Leaders conducted at the World Procurement Congress said they have “excellent” multi-tier visibility of the supply base. In real terms, this translates to three of those who responded to our poll claiming they had “cracked the code” of supply chain transparency. This is surprising.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

ivalua

FEBRUARY 27, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

NOVEMBER 14, 2022

The long delays are increasing shipping times and creating longer wait times to unload the cargo at the ports despite handling fewer cargoes. . Additionally, you will get real-time visibility into all areas of your business. You can also avoid overselling stock and spend less time reconciling your inventory.

Retail Supply Chain 190

Retail Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 190

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 127

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 127

ivalua

JANUARY 24, 2022

Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges.

Data 130

Data Real-time Visibility Procurement Supply Chain Efficiency 130

Spend Matters

JANUARY 14, 2025

Approval lead time is another important metric. This aligns closely with the need for real-time visibility and analytics capabilities so that they can integrate procurement data with their other financial systems to enable data-driven decision making. Many thanks to Tipalti for sharing this insight with us.

Real-time Visibility 100

Real-time Visibility Procurement Budget Procurement team 100

SCMDOJO

AUGUST 16, 2023

The company has implemented sophisticated barcode scanning and point-of-sale systems to collect real-time data from its stores. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Supply Chain Efficiency 92

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 92

ivalua

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . It is vital that public procurement teams develop a data insight strategy to gain visibility into their operations.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Supply Chain Game Changer

MAY 31, 2022

Like my toilet paper example, families stockpiled baby formula leading to short term spiked demand, followed by a lack of demand leading to production cuts, followed by a rebound in demand for which production capacity has not been restored. This is a recurring story across many commodities. Trade Policy.

Supply chain 123

Supply chain Supply Real-time Visibility Demand 123

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. The ability to make these sourcing decisions in real-time can help increase profits during peak demand periods and better meet customer expectations.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Tactics

JULY 20, 2023

This integration enables businesses to have real-time visibility into order status, inventory levels, and supplier performance, enabling them to make informed decisions and respond quickly to changing market demands. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

Procurement Heads

FEBRUARY 8, 2023

One of the common themes I’m hearing from large organisations is that they are finding a lack of visibility looking ahead for energy spend. Another key strategy is energy storage, which is becoming an increasingly important way for companies to balance supply and demand, with examples including; batteries, thermal and hydrogen storage.

Real-time Visibility 130

Real-time Visibility Price Negotiation Sourcing 130

SCMDOJO

APRIL 4, 2023

When it comes to managing a supply chain, having access to real-time data can be a game-changer. 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. What are some examples of Supply Chain Analytics?

Supply Chain Analytics 111

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

Finale Inventory

AUGUST 15, 2024

Common Causes of Inventory Shortages Various factors can lead to inventory shortages, including: Inaccurate forecasting: Poor demand forecasting may result in excess inventory or insufficient stock. Unexpected changes in customer demand are a common cause of inventory shortages.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization supply chain software solutions 52