Next Level Purchasing, Inc.
Moon Township, PA/USA
Sourcing, Procurement, Decision Support
Go global with your supply management skills. For example, with rising costs in fuel and other commodities forcing suppliers to be less flexible in order to preserve their own profit margin, many companies are turning to the global market as a means to achieve lower costs. But without the skills and knowledge to interact with suppliers from other cultures, many organizations are failing to achieve the best value. Without the skills to manage suppliers both domestically and abroad, procurement departments will struggle to meet or exceed management's objectives and goals. Procurement training and certification firm Next Level Purchasing says it helps procurement professionals acquire the skills, knowledge, strategies and techniques necessary to meet today's high expectations and to deliver measurable results in the workplace even during economically challenging times. The firm released its "Basics of Smart International Procurement" curriculum in February 2008 with an eye toward building confidence in purchasing professionals as they begin to see global procurement initiatives become more prominent in their organizations.
Great Falls, VA/USA
Order/Demand Capture, Sourcing, Procurement, Fulfillment/Logistics, Decision Support
Leverage independent project personnel with deep domain expertise to undertake short-term projects to achieve quick results. OnDemand Resources, for example, has the mission of enabling companies across industry to deliver critical supply chain projects by providing them with high-caliber subject-matter experts on a flexible and interim basis where and when clients need them. OnDemand Resources' business model permits companies to secure the right candidates typically within 48 hours of a request. "Companies are also able to leverage significant cost savings compared to traditional consulting alternatives while taking advantage of best practice supply chain management initiatives and opportunities," the company says.
Research Triangle Park, NC/USA
Fulfillment/Logistics, Decision Support
Taking a white board approach roughly two years ago, Optricity founders set out to formulate a ground up architecture to optimally slot product in today's warehouse. From this idea emerged a new wave of supply chain innovation that Optricity has coined as Juncture Optimization, based on the idea that the next wave of increased efficiency will occur at junctures in the supply chain – where one function meets another. To prove out this vision, Optricity developed a brand new, state-of-the-art slotting optimization tool built on the principles of Juncture Optimization.
"It's no longer enough to accept old standby methods to simply calculate good storage locations," says Dan Basmajian, president and CEO of Optricity. Today's warehousing and distribution operations are responding to demands at an unprecedented rate. As predictive tools become more prevalent and competition tightens, the warehouse often sits on the supplier hot seat for getting the right product in and out of doors efficiently, while minimizing costs in the process. Optimized activity within the warehouse enables the operation to receive, store, pick and distribute accurate orders within specified time windows driving competitive advantage for an organization. Pressure on the warehouse to achieve supplier requirements and financial pressure to minimize costs mean that today's managers must make sacrifices that do not always lead to optimal solutions. And yet many companies are trying to succeed with yesterday's tools that have not caught up to the demand-driven requirements of today.
Older systems utilized then state-of-the art genetic algorithms to calculate near optimal locations for each SKU as it was received into the facility. Optricity's new slotting technology utilizes architecture that capitalizes on increased awareness of market drivers such as promotions, consumer demand, and predictive analytics. The new algorithms architected by Optricity take into account data that were not previously available and simultaneously analyze all location options using its "best neighbor" process. Concurrently, Optricity has increased the speed with which calculations and decisions can be made, so that what used to take hours can now be calculated in seconds with increased confidence that all factors have been considered. Output from the system includes tying optimal designation into real time application. Multiple scenarios can be compared and payback can be calculated for each alternative before customers make a single move. Optimized, directed work means that solutions take into account individualized available labor, productivity rates, specific equipment and types of storage available. As a result, optimized work assignment can be allocated and costs savings can be more accurately depicted.