Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 78

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 78

Spend Matters

OCTOBER 27, 2022

Zumen is for discrete manufacturers that want to improve their product to market management speed by bringing all the NPI/D (New Product Introduction/Development) activities into a single, transparent system of record that integrates easily with their ERP and product and engineering tools (PLM). Read more. ).

Supply Chain Efficiency 79

Supply Chain Efficiency Material management Sourcing Buyers 79

SCMDOJO

JUNE 6, 2023

This Distribution Operations Assessment tool can be used by Original Equipment Manufacturers (OEMs), Principal Corporates, and distributors themselves to gain insight into materials management and logistics knowledge, identify gaps in skills and knowledge, and foster critical thinking and self-awareness.

Supply Chain Optimization 105

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

Spend Matters

OCTOBER 5, 2022

Categories: Accounts Payable , Invoicing , P2P , Purchasing , Requisition / PO Management , SAP Tags: PRO xSuite is a set of add-on solutions for SAP’s procure-to-pay (P2P) processes. xSuite targets organizations that want an easier time using the SAP ERP modules Material Management (MM) and Financial Accounting (FI).

Market analysis 85

Market analysis Material management Purchasing Buyers 85

Spend Matters

JULY 27, 2022

Here's a sneak peak at this article for those who are not yet PRO members: Overall, QAD Allocation’s main strength pertains to how the solution fits with practices in direct materials management.

Sourcing 78

Sourcing Material management Suppliers Buyers 78

Supply Chain Opz

APRIL 15, 2015

Piasecki (Inventory Accuracy) 3) Inventory Strategy: Maximizing Financial, Service and Operations Performance with Inventory Strategy by Edward Frazelle (Inventory Strategy) 4) Introduction to Materials Management by J. Clive (Material Management) 5) RFID For Dummies by Patrick J. Tony Arnold, Stephen N.

Inventory 69

Inventory Inventory control Material management Raw materials 69

SCMDOJO

JANUARY 17, 2024

They are also well-positioned to ascend to executive positions, such as director of supply chain management. Materials Manager Annual salary : $110,340 (median) Required degree : Bachelor’s Materials managers ensure that everyone across the supply chain has enough resources to work efficiently.

Supply chain management 94

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 94

All Things Supply Chain

SEPTEMBER 16, 2020

The global supply chain depends heavily on material handling equipment. Therefore, when a machine goes down, operations can quickly grind to a costly halt. In fact, downtime events can cost…

Supply chain 311

Supply chain Supply Material management Supply chain management 311

Spend Matters

AUGUST 31, 2022

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis.

Supply Chain Optimization 82

Supply Chain Optimization Material management Sourcing Influencing 82

Sourcing and Supply Chain

MAY 20, 2021

Speaker – Mr. Jayanta Chakraborty (FIE) * Materials Management veteran with 30+ years of experience * Fellow of Institution of Engineers * Best Faculty Award 2019 winner from Indian Institute of Materials Management. IST on 15th May 2021.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Material management Supply chain Sourcing 52

Supply Chain Game Changer

JANUARY 20, 2021

You have also invested in supply chain systems to manage and monitor the flow of goods. Design & PLM , materials management, sourcing management , manufacturing process management, warehouse management, distribution & logistics, accounting, merchandising management, and supply chain analytics and forecasting (Phew!)

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain supply chain software solutions Supply chain Supply 90

Spend Matters

JULY 21, 2022

Categories: Procurement Systems & Architecture , Risk Performance and Compliance , Solution Providers , Supplier Management , Supplier Risk and Compliance Management , Supply Risk Management , Technology Tags: PRO Direct materials management has been a hot market for a few years now, and the recent events that induced supply chain disruptions added (..)

Market analysis 73

Market analysis Procurement Quality management Supply Chain Optimization 73

Finale Inventory

JULY 26, 2024

By leveraging technology for inventory management, construction companies can improve operational efficiency and gain a competitive edge in the digital marketplace. It allows construction companies to manage multiple warehouses, monitor stock levels, and automate replenishment processes.

Inventory 52

Inventory Real-time Visibility Material management Supply Chain Optimization 52

CPO Rising

FEBRUARY 26, 2024

In last week’s article, we looked at what makes direct materials special and their unique established requirements, particularly when focusing on eSourcing. Supplier Management Technology Landscape Remains […]

Suppliers 40

Suppliers Management Material management Chief Procurement Officer 40

Spend Matters

OCTOBER 24, 2024

What is COVALYZE COVALYZE offers deep parts analysis (price/cost-focused) for direct materials. It uses its AI-backed cost analytics to support direct materials management and category management. Read also our interview: An Introduction to COVALYZE.

Raw materials 83

Raw materials Category management Buyers Price 83

Supply Chain Game Changer

AUGUST 11, 2022

A bill of materials lists the materials and processes required to create a product. A BOM can be helpful to those in a business’s eCommerce, manufacturing, engineering, purchasing, and materials management departments. Once created, you can produce and market your products. The assemblies of the product.

Bill of materials 103

Bill of materials supply chain software solutions Supply Chain Efficiency Quantity 103

SCMDOJO

JULY 13, 2022

The National Association for Educational Procurement is a professional, non-profit organization dedicated to developing competent procurement and material management professionals in education. National Association of Educational Procurement.

Supply chain 136

Supply chain Supply Supply chain management Supply chain management 136

SCMDOJO

JANUARY 23, 2023

From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!

Supply Chain Analytics 132

Supply Chain Analytics Supply Chain Optimization supply chain software solutions supply chain budgeting 132

EazyStock

JULY 2, 2021

Bill of Materials Management in Wholesale Distribution. Bill of Materials management helps distributors know the number of items required as part of the distribution chain to fulfill orders, however that is the extent of the value offered. BOM and Inventory Optimization.

Bill of materials 52

Bill of materials Supply Chain Optimization Inventory Quantity 52

Spend Matters

APRIL 4, 2024

Sourcing Covalyze utilizes its AI-backed cost analytics to support direct materials management and category management, provides ETL software to transform data into a usable format and can connect data from multiple ERPs.

Procurement 87

Procurement Risk management Raw materials supply chain software solutions 87

Spend Matters

AUGUST 22, 2023

It also offers differentiated capabilities to monitor orders and prices that are particularly valuable for direct materials management. Resilinc — established player in the SCRM space with deep ESG and risk capabilities.

Raw materials 72

Raw materials Suppliers Buyers Price 72

Supply Chain Opz

OCTOBER 10, 2014

Materials Management? Don’t forget the job market will always be competitive; you have to go above and beyond to stand out from the crowd. 10) Dennis Theodorou from JMJ Phillip The primary key to landing your dream supply chain job is showcasing your broad experience in both your resume and the interview. Procurement?

Supply Chain Efficiency 108

Supply Chain Efficiency Supply chain Supply Networking 108

Arkestro

JULY 2, 2024

Benefits of Implementing JIT Implementing JIT offers a wide range of benefits for companies looking to streamline their material management processes. No spam, just relevant procurement news and tips. You can unsubscribe at any time.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

DECEMBER 18, 2019

By automating business processes, such as transportation, materials management, invoice/PO, bid, project management, firms improve efficiencies, reduce errors and admin time, increase productivity, and speed cash-to-cash cycle.

Collaboration 46

Collaboration Networking Supply Chain Efficiency supply chain budgeting 46

SCMDOJO

MARCH 5, 2021

Nowadays, no one could deny that the supply chain is essentially the backbone of any company and most supply chain team use some kind of Supply Chain KPIs. In other words, it is about a living ecosystem that ensures the smooth, effective and consistent delivery of products or services from supplier to customer. Continue reading.

Supply Chain KPIs 142

Supply Chain KPIs Supply chain Supply Suppliers 142

SCMDOJO

FEBRUARY 10, 2021

These models attempt to drive best practices in Supply Chain Management. There are quite a few supply chain maturity models. One basic idea behind the supply chain maturity model is that increased supply chain maturity will lead to improved supply chain performance, which in turn will lead to improved financial performance. But we all know.

Supply chain 141

Supply chain Supply chain management Supply chain management Supply 141

SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss.

Quantity 127

Quantity Supply chain management Supply chain management Supply Chain Efficiency 127

The Network Effect

OCTOBER 3, 2014

A number of comprehensive business process and supply chain specifications designed for the automotive industry are in use today, including the TS16949 standards (related to ISO 9001) and the AIAG Materials Management Operating Guidelines (MMOG).

Networking 78

Networking Suppliers Real-time Visibility Agile and Lean Supply Chain 78

Supply Chain Game Changer

NOVEMBER 24, 2018

And PurchasingInsight.com considers that “Procurement is the overarching function that describes the activities and processes to acquire goods and services.

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

SCMDOJO

MARCH 25, 2022

In the early 1970s, the physical supply (or sometimes referred to as material management) of the input side of the logistics system was taken over. Boyd was elected the nation’s first Secretary of Transportation. The 1970s – Physical Supply, Deregulation and Logistics. .

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Supply Chain Game Changer

SEPTEMBER 29, 2020

Raw Material Management. Buyers historically purchased materials in a very indistinguishable manner. As inventory levels resulted in real costs not otherwise considered in pricing negotiations this allowed for more informed business level decisions on sourcing and ordering.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

SCMDOJO

JUNE 28, 2024

Shimon is an experienced Supply Chain Engineer with a Master’s Degree focused in Industrial Engineering (SCM) from Rutgers University-New Brunswick, with a demonstrated history of working cross-functionally across several supply chain domains.

Supply Chain Optimization 80

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 80

Finale Inventory

AUGUST 4, 2024

Overcoming Challenges in Raw Material Tracking Tracking raw materials in your ecommerce business presents challenges, but with careful planning and effective strategies, you can address these hurdles. Consider the following: Dealing with Supplier Issues Reliable suppliers are crucial for obtaining high-quality raw materials.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

Pipefy

MAY 22, 2024

TCO components by industry Industry TCO application IT – Actual cost of direct, indirect, recurring, and non-recurring costs associated with managing IT tools, systems, or platforms for the organization, including: – Initial purchase value – Hardware and software acquisition – Management and maintenance Support Communications (..)

Cost of ownership 52

Cost of ownership Purchasing supply chain software solutions Supply Chain Optimization 52

Finale Inventory

JUNE 21, 2024

The Formulas Involved in Raw Material Management Calculating the Cost of Raw Materials In order to accurately determine the cost of raw materials, ecommerce businesses need to consider several factors.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

The Formulas Involved in Raw Material Management Calculating the Cost of Raw Materials In order to accurately determine the cost of raw materials, ecommerce businesses need to consider several factors.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 12, 2018

This will help to manage the rate at which Inventory comes in to your business. Raw Material Management. Especially when there are literally tens of thousands of skus (and their associated parameters), thousands of bills of material, hundreds of suppliers, frequent engineering changes, and fluctuating customer demand.

Inventory 45

Inventory Management Agile and Lean Supply Chain Raw materials 45