Remove Aerospace Remove Groups Remove Inventory Remove Metrics
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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use CasesĀ 

ThroughPut

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management.

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SCRC Student Project Lineup Off to a Great Startā€¦

Supply Chain View from the Field

NC State kicked off classes last week, and as usual our incoming group of MBA students were lined up with projects as part of their entry class into supply chain management, MBA 541. In this context, relationships may exist between internal functional groups, as well as with suppliers and/or customers.

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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Inventory KPIs: Inventory Aging, Inventory Turnover Ratio. Inventory KPIs: Inventory Aging. What Are Procurement KPIs, and Why Use Them?

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. The Hackett Group, Analytics: Laying the Foundation for Supply Chain Digital Transformation (PDF, 10 pp., no opt-in). no opt-in).

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Supply Chains to Admire: 2016 Results

Supply Chain Shaman

To determine the winners, we compare the effectiveness of each company against relative performance within an industry-specific peer group. In the analysis, we divide companies into three groups: winners, finalists and under-performers. This is an high-performing group representing 5% of public companies. Finalists.

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Jumpstarting Your Journey Toward Digital Transformation in MRO for Manufacturers

RFgen

94% of companies view MRO as an important part of their overall operations, according to a 2018 survey by Peerless Research Group (PRG). There are maintenance technicians to direct, labor to allocate, assets to keep track of, spare parts inventory to worry about and supplier networks to maintain. M is for Maintenance.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Aerospace Industry is characterized by high material costs (about 65-80%). On weekly basis, they organize a big group meeting of all work stream team to discuss the coordination issues. The answer is that they use the multi-echelon inventory model to solve the problem. Detailed plan is usually presented on A3 sized paper.