Arkestro

JANUARY 18, 2023

Chemical manufacturers turn an array of raw materials—gas, minerals, metals, and more—into countless products used in everyday life. Predictive procurement is the key to securing raw materials at the right price and time. Some raw materials are in short supply, and others are dangerous to extract, transport, and store.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. But what exactly does it entail?

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 52

Finale Inventory

JULY 3, 2024

Moreover, efficient inventory management enables you to optimize your operations and reduce costs. By accurately tracking your inventory levels and sales patterns, you can identify opportunities for cost-saving measures such as bulk purchasing, reducing carrying costs, or implementing just-in-time inventory practices.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

SEPTEMBER 29, 2020

Subscribe to Supply Chain Game Changer. Order our EBOOK HERE. In our experience the best way to systemically, and sustainably, optimize inventory is to take a process based inventory turnover improvement approach. Raw Material Management. Subscribe Here! Email Address. A Process Based Approach.

Inventory 90

Inventory Raw materials Supply Chain Optimization Demand 90

SCMDOJO

NOVEMBER 24, 2023

This article will walk you through the basic understanding of the warehouse management system (WMS), its features, how and where it fits with the supply chain, and different WMS systems. It is highly efficient in manufacturing setup and retail industries as it can track every movement of materials.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

Finale Inventory

SEPTEMBER 4, 2024

As ecommerce continues to expand, supply chain traceability has become a key factor for small businesses. This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 52

SCMDOJO

SEPTEMBER 18, 2023

In the dynamic landscape of supply chain management, precise terminology is paramount. Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain. Stocking: Stocking relates to the physical storage and management of inventory within a supply chain.

Procurement 105

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

EazyStock

OCTOBER 21, 2021

Wouter van der Zwaan, Finance and IT Manager at TerraSana Natuurvoeding BV, was looking for a solution to improve his company’s capabilities in terms of inventory optimization. We purchase our raw materials from all over the world, and we sell our products mainly within the EU.

Raw materials 52

Raw materials supply chain software solutions Inventory Purchase orders 52

Supply Chain Game Changer

MARCH 19, 2019

Subscribe to Supply Chain Game Changer. Imagining the Supply Chain of the Future! Bringing these ideas to life and delivering on commitments made to customers most often requires different but just as impressive skills and effort from the Supply Chain and Operations teams within an organization.

supply chain budgeting 50

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 50

Procurement Express

DECEMBER 31, 2024

How Best-in-Class Companies Turn Indirect Spend Into a Competitive Advantage Direct vs. Indirect Spend Direct spend, as mentioned, covers your raw materials, subcontractors, components, hardware, and whatever else you need to build the products you sell to customers. What Happens When Indirect Spend Isnt Managed?

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Una

APRIL 11, 2023

All the company’s departments and divisions link to the ERP and can track a myriad of business resources including spending, purchasing, raw materials, production capacity, and inventory. The ERP marketplace The ERP marketplace continues to grow exponentially with the projected market size to be $49.5 billion by 2025.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Procurement Software

JULY 9, 2024

Direct procurement involves acquiring raw materials and components essential for your production process. Procurement tools for direct spend need to be tailored to work with your supply chain, quality and production teams. How does tech for direct and indirect procurement differ?

Raw materials 40

Raw materials supply chain software solutions Procurement Supply Chain Efficiency 40

Supply Chain Action Blog

FEBRUARY 25, 2021

In most manufacturing firms, the largest single expenditure of cash is for the acquisition of raw materials and their transformation and distribution , namely, the cost of goods sold. Supply chain planners or buyer/planners are people who must determine how much should be procured, when, and where.

Raw materials 52

Raw materials Inventory Supply Chain Optimization Bill of materials 52

World of Procurement blog

MAY 8, 2024

Purchasing focuses specifically on the buying transaction. Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Purchasing's value-add is more limited. Conduct supply chain audits and due diligence on high-risk categories.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

EazyStock

JULY 2, 2021

In inventory management a BOM is critical to ensure the correct quantities of each item are procured and available at the right time to prevent delays along the supply chain. Types of Bill of Materials. Engineering bill of materials (EBOM) : an engineering BOM shows the make-up of a product from a design perspective.

Bill of materials 52

Bill of materials Supply Chain Efficiency Quantity Supply Chain Optimization 52

Procurify

JULY 20, 2022

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. Currently, manufacturing, labour, and raw material costs are rising worldwide. Lack of visibility.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Finale Inventory

SEPTEMBER 19, 2024

It represents the investment a business has made in purchasing goods for sale or raw materials for production. By finding the right balance, small businesses can optimize their inventory levels and reduce holding costs. Managing inventory can be a complex task for small businesses.

Inventory 52

Inventory Strategy Management Order Fulfillment 52

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. Our mission is clear: to empower businesses by optimizing their procurement processes, driving cost savings, and enabling a focus on core competencies.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

SCMDOJO

OCTOBER 7, 2024

MRP vs ERP: Key Differences MRP, or material requirements planning, focuses on planning, scheduling, ordering, and tracking all the components needed for the manufacturing process, from raw materials to finished goods. Read more about Crucial MRP Metrics Every Supply Chain Pro Should Know on the SCMDOJO Website!

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Bill of materials 52

Empowering CPO

JULY 17, 2023

From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line. Our mission is to empower businesses by optimizing their procurement processes, driving cost savings, and freeing them to focus on their core competencies.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Planergy

DECEMBER 29, 2022

Managing marketing procurement can help to ensure that the raw materials needed to create a product are available when they are needed. This, in turn, can help to save time and money by avoiding production delays due to a shortage of materials. Build Solid Supplier Relationships. Book a Live Demo.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. Globalization has made supply chains more complex and harder to manage.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Planergy

JULY 21, 2023

This contingent labor allows you to optimize your marketing without fully engaging an internal marketing department or marketing agency. This typically includes raw materials and components. There should be purchase orders and milestones to ensure your project remains on course.

Management 52

Management Procurement supply chain budgeting Budget 52

Solvoyo

MAY 27, 2019

In the Supply Chain Planning context, these include decisions about which products to keep in stock, where to keep them, when to replenish them, how to improve service levels for customers, how to liquidate excess stock in the most profitable way, how to respond to changes in customer demand in the most agile way, and etc.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Supply chain 40

Procurement Insights

FEBRUARY 26, 2025

Hansens concept of “Velocity Procurement” is a modern evolution of his earlier work in supply chain and procurement optimization, reflecting his decades of experience streamlining processes for organizations like the Canadian Department of National Defence and the New York City Transit Authority.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Optimization 83