Supply Chain Game Changer

OCTOBER 5, 2022

The Bible records Egyptian people storing the surplus of agricultural goods so that they could be used in times of famine. Keeping records of the above is called a warehouse inventory. However, warehousing itself is usually limited to storing an inventory for a certain period of time and does not include additional services.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

EazyStock

AUGUST 28, 2023

It then automates those time-consuming and inaccurate manual inventory management processes. You’ll be able to calculate the optimal reorder points and set the right safety stock levels to meet any variance in demand and lead times. Say goodbye to overstocking and stockouts, as data guides your inventory levels.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

SCMDOJO

MAY 20, 2024

Traditional supply chain solutions once included strict protocols for manufacturing expectations and a priority on quantity over quality. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 95

IBM Supply Chain Blog

NOVEMBER 21, 2023

Apache Kafka is a well-known open-source event store and stream processing platform and has grown to become the de facto standard for data streaming. It does not have any visibility of what kind of data are being sent and received, or what data types it might contain. Kafka does not examine the metadata of your messages.

Real-time Visibility 96

Real-time Visibility Quantity Data Quality 96

Spend Matters

JUNE 19, 2023

from sourcing events), the ability to use external content as part of its catalogs (e.g., from sourcing events), the ability to use external content as part of its catalogs (e.g., They also support both central and user receiving with quantity and cost-based receiving, full and partial receiving and returns.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

Procurement Tactics

AUGUST 11, 2022

In simple terms, it is the amount of money you need to pay in order to store your unsold goods or inventory in a warehouse. . Commonly, the inventory holding costs comprise 20 to 30% of the total inventory value. Additionally, it increases the longer the time you have stored an item before selling it. . LEARN MORE.

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

Supply Chain Game Changer

APRIL 21, 2020

You reduce cost, you eliminate opportunities for error, you reduce time, you reduce inventories, and you strengthen your Supply Chain’s ability to operate in the face of any disastrous situation. The Don’t Touch philosophy is not restricted to physical goods and materials.

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Supplier Research and Selection : Finding reputable suppliers who can provide the right quality and quantity at the right price.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Supplier Research and Selection : Finding reputable suppliers who can provide the right quality and quantity at the right price.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

TYA Suite

NOVEMBER 15, 2024

This transparency is a game-changer because it enables all parties to view the same information in real time. Every transaction and movement of goods is recorded on the blockchain, enabling stakeholders to track products from the manufacturer to the end customer in real-time.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Supply Chain Game Changer

AUGUST 10, 2021

I quickly became very familiar with the standard half-sized and full-sized (40″ x 48″) pallets that the company was using at the time, though I was unaware of the Pallet Supply Chain. The form factor is standard issue for the handling, storage and movement of large quantities of goods. Source: Mallard Manufacturing.

Price 98

Price Supply Chain Efficiency Supply chain Supply 98

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table. Saving just 2.5%

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

through strategic sourcing and targeted cost savings is a lot easier to accomplish than a sales force increasing their revenue by 10%. If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table. Saving just 2.5%

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Finale Inventory

AUGUST 4, 2024

From sourcing to production, each material has its own path before becoming part of the final product. By tracking raw materials at every stage, you gain insights into lead times, quality control measures, and potential issues that could affect your production timeline.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain. Climate change is also a massive issue.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Supply Chain Game Changer

SEPTEMBER 21, 2021

Is Just In Time Past Its Time? Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Subscribe to Supply Chain Game Changer. Get Our EBOOK HERE.

Inventory 52

Inventory Agile and Lean Supply Chain Real-time Visibility Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 6, 2020

Relevant data is collected from different sources, like – Enterprise Resource Planning (ERP) system, sensors, machine generated, social media and external web services. E.g., the same data may be inserted multiple time or timestamp of the data does not match with the fulfilment. Data Processing.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Finale Inventory

SEPTEMBER 24, 2024

In addition, purchase orders act as a key communication tool between a buyer and a seller, outlining the specifics of the transaction such as quantities, prices, and delivery timelines. It helps prevent stockouts by ensuring timely replenishment of inventory.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

Finale Inventory

AUGUST 22, 2024

Finding suppliers you can trust to deliver quality products on time is key for maintaining customer satisfaction and ensuring smooth operations. Look for suppliers with a proven track record of fulfilling orders on time, delivering consistent quality, and resolving issues promptly.

Suppliers 52

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

Finale Inventory

SEPTEMBER 17, 2024

This integration ensures smooth communication and data synchronization, reducing manual errors and saving time. Imagine having a single dashboard that provides a comprehensive overview of your inventory, allowing you to monitor stock levels, track sales performance, and analyze customer buying patterns.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Jaggaer

OCTOBER 24, 2024

Through easy analysis of historical spending data, market trends, and supplier performance, predictive analytics improves your ability to identify new sourcing opportunities and evaluate potential suppliers. Additionally, AI provides continuous monitoring of risk positions and alerts procurement teams about potential problems in real time.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Finale Inventory

JUNE 4, 2024

More channels bring new audiences, but you’ll also be juggling more complexities when it comes to managing inventory and fulfillment. Tracking goods and shipments from multiple sources can be expensive – as much as 20% of sales, according to McKinsey. The built-in reporting tool has a month-end snapshot report.

Inventory 52

Inventory Real-time Visibility Management e2e 52

Supply Chain Game Changer

NOVEMBER 11, 2018

This all requires that all products will be in place at precisely the right time for the beginning of the event. Retailers want to have a large quantity of the right goods in place to support the busiest time of year. Depending on your sources you could be shipping goods inbound from all over the world. SKU Management.

Retail Supply Chain 48

Retail Supply Chain Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 48

Arkestro

MAY 16, 2022

Shipments are global, and so are the sources of raw materials. It’s one thing to cite the various ways that procurement and sourcing are complex for chemical manufacturing companies. Specifically, turning the power of artificial intelligence and machine learning loose on vast quantities of current and historical data.

Raw materials 52

Raw materials Procurement Real-time Visibility supply chain software solutions 52

EazyStock

JUNE 23, 2022

This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated. The key for inventory management teams is to know what to do with it! Integrating big data and the IoT provides an overview of warehouse inventory in real-time.

Inventory 52

Inventory Data Management Real-time Visibility 52

Finale Inventory

JULY 15, 2024

One inventory management strategy that has gained significant popularity is Just in Time (JIT) inventory. In this article, we will examine the concept, benefits, potential challenges, and future trends of JIT inventory in the context of ecommerce in 2024. Continuous Improvement: JIT inventory is not a one-time solution.

Inventory 52

Inventory Agile and Lean Supply Chain Supply Chain Efficiency Real-time Visibility 52

Arkestro

FEBRUARY 6, 2024

More and more, procurement professionals everywhere are seeing the value of using a platform like Arkestro for sourcing and spot purchase events, making their procurement processes more competitive, and driving cost savings. You can unsubscribe at any time. The results were immediate. No spam, just relevant procurement news and tips.

Procurement 52

Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

Procurement Software

JUNE 4, 2024

This goes way beyond traditional source-to-pay and e-auction platforms. This exciting trend persuaded us that it’s about time we featured an article on these procurement tools specifically. This focus helps in eliminating manual errors and ensuring the timely delivery of materials.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

EazyStock

APRIL 13, 2022

Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. This will ensure that you have the right goods, at the right time, and in the right place to meet customer demand. Where is it working well? Supply chain strategy planning.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

This includes all expenditure data from different sources across an organization, such as invoices, purchase orders, and credit card transactions. This is where the real magic happens. By identifying inefficiencies, companies can streamline their procurement processes, resulting in time and cost savings.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. Cycle counting is the practice of counting a rotating subset of your inventory on a regular, frequent basis. Adopt continuous cycle counts.

Inventory 52

Inventory Management Real-time Visibility e2e 52

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms.

Agile and Lean Supply Chain 40

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

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

The invoice contains all the relevant details such as a description of goods, purchase order number, quantity, unit prices, etc. Time-consuming – The entire process from receiving the PO to making the payment can take up to 30 days. And a big chunk of this time is spent on manually matching the invoices with the PO. Conclusion.

Real-time Visibility 40

Real-time Visibility Purchase orders Purchasing Suppliers 40

Pipefy

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analysis is necessary for strategic sourcing. Spend analytics creates the visibility procurement teams need to complete a spend analysis. What is spend data?

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Claritum

MAY 2, 2019

If your procurement team is spending over half their time on transactional activity, what opportunities are they missing? The following are the traditional areas associated with Procuring (Source: CIPS). Source/examine supplier options *. Time that can be spent on exploring opportunities associated with our second list above.

Real-time Visibility 44

Real-time Visibility Procurement Purchase orders Eprocurement 44