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How to Relieve Labor Shortage Challenges with Vendor Managed Inventory

American City & Country

As procurement professionals, you are constantly balancing tight budgets, increasing demands, and the need to streamline operations. What is Lawson Vendor Managed Inventory? This proactive approach helps eliminate stockouts and reduces excess inventory, minimizing waste and operational downtime.

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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. min, max levels)

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Democratic lawmakers call on DOJ to stop funding predictive policing systems

FedScoop

In their new demand that the DOJ halt any funding for the systems, the lawmakers cited Title VI of the Civil Rights Act of 1964, which prevents the department from funding programs that are discriminatory. A DOJ spokesperson confirmed receipt of the letter but declined further comment.

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Three ways supplier collaboration creates real value for manufacturers

ivalua

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in the supply chain planning function, supplier collaboration will take the form of shared demand forecasts, inventory positions, and production schedules. Innovating.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Demand planning capabilities. Efficient warehouse management. Point-of-use data capture.

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Manufacturers Must Seek Better Supply Chain Visibility

ivalua

Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk. Demand visibility all the way up the supply chain. Finally, adjust your sourcing award decisions as needed and demand a clear picture of supplier capacity.

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Zara – The Benefits of Agile Procurement / Supply Chain

ivalua

Zara voluntarily keeps up to 85% of its plants idle, in order to optimize the response to demand changes all around the world. Demand Forecasting: Zara reaps the benefits of very efficient inventory management models that help them determine the exact quantity of items needed for every store.