Jaggaer

APRIL 9, 2025

Direct material management oversees the sourcing, procurement, storage, and flow of raw materials, components, and subassemblies. This ensures just-in-time (JIT) or just-in-sequence (JIS) delivery to reduce inventory costs. Direct material management involves demand forecasting, inventory control, and warehouse operations.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 52

SCMDOJO

MARCH 19, 2024

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs.

Supply Chain Optimization 98

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

Procurement Tactics

OCTOBER 16, 2022

Collaboration between departments is enhanced when managers are involved in the process. Data security and risk management. Integrating a financial model in the database lessens the risks and enhances the date3 security using the cloud’s server’s built-in features such as redundancy correction and data protection. .

Real-time Visibility 130

Real-time Visibility Budget Inventory control Data 130

Jaggaer

APRIL 9, 2025

Advances in machine learning and automation are making supplier management even more efficient and proactive. One key area where AI is making an impact is supplier performance and risk management. AI continuously analyzes supplier data to identify issues early, predict potential disruptions, and recommend corrective actions.

Strategy 52

Strategy Supply Chain Optimization Supply Chain Efficiency Quality 52

Finale Inventory

JULY 25, 2024

Service costs include expenses for handling, managing, and tracking inventory, such as labor costs and technology investments. Risk costs account for potential losses due to theft, damage, obsolescence, or market demand shifts, emphasizing the need for risk management strategies in inventory control.

Inventory 52

Inventory Inventory control Quantity Risk 52

Skill Dynamics

MARCH 2, 2023

Competencies included risk management, supplier relationship management, contract management, negotiation, and strategy. After implementing several new procurement processes, Group Director Purchasing, Nicolas Robardet, identified a number of competencies which required development within the team.

Supplier relationship management 52

Supplier relationship management Inventory control Supply chain Negotiation 52

SCMDOJO

DECEMBER 28, 2023

IoT offers enhanced supervision in operations and transportation while improving various areas such as warehouse management, fleet tracking, inventory control, and technological and mechanical maintenance. According to Dataprot’s research findings, there will be over 25.4 billion operational IoT devices by 2030.

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 98