Unleashed

MARCH 9, 2021

Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. This is often managed with the help of supplier management software or inventory management software. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). The Focus Inside-out Supported by Functional Metrics.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Synovos

OCTOBER 30, 2023

Also, many of the initial team members still worked for the provider, meaning historical data was available for analysis by those who completed the initial work; this helped explain the “why” behind decisions made years ago which appear as anomalies in the data analysis. That is exactly what we did.”

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Supply Chain Shaman

MARCH 28, 2016

” The journey for value requires a clear definition and analysis of what is possible. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. The analysis needs to be measured through an evaluation of year-over-year improvements.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logistics Viewpoints

SEPTEMBER 13, 2021

Lean speaks of the seven wastes: overproduction, unnecessary transportation, inventory, motion, defects, over processing, and waiting. Lean initially became a popular continuous improvement methodology because of Toyota’s emergence as a leader in the automotive industry. When Should Inventory be “Fat”? It does not.

Manufacturing Procurement 162

Manufacturing Procurement Agile and Lean Supply Chain Lean Manufacturing 162

Elementum

FEBRUARY 7, 2024

Business process management (BPM) tools are essential in executing BPA, as they facilitate the design, analysis, and management of business workflows, ensuring a seamless integration and operation within the organizational structure. These evaluations should guide towards continuous improvement.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. It is a slow, continued impact that happens week-to-week as complexity increases. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. The Business Problem. The analogy is weight loss.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

QAD

JUNE 20, 2023

Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data. They can collect data on production processes, inventory levels, machine performance and other relevant metrics. It also enables better demand forecasting and planning.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 88

Silvon Software

APRIL 18, 2024

This ensures that the data is normalized and standardized, making it more reliable for further analysis. For example, using cluster analysis to identify which customer segments are most likely to respond to a new product launch. This helps executives in planning inventory, staffing, and budget allocations.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Elementum

FEBRUARY 7, 2024

Understanding Business Process Management (BPM) Business Process Management (BPM) is a methodology that involves the analysis and improvement of business processes to enhance efficiency and effectiveness. It rests on a few core principles such as continuous improvement, process effectiveness, and efficiency enhancement.

Resource Reduction 78

Resource Reduction Optimization Software Waste Reduction Cost Reduction Strategies 78

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

OptiProERP

FEBRUARY 8, 2024

The Role of ERP in Manufacturing Enterprise Resource Planning systems are the backbone of modern manufacturing operations, providing comprehensive tools for managing various aspects of the production process, including inventory management , supply chain logistics , production scheduling, and financial reporting.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Can we get the right resources needed to collect data for analysis before it’s too old?

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

GlobalTranz

OCTOBER 6, 2021

With driver shortages still impacting the industry and continual volatility within supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services, including advanced shipper TMS platforms and managed services to reduce workload. . Enabling Data-Driven Decision-Making .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Precoro

FEBRUARY 26, 2024

From departments and divisions to projects and processes, each cost center is a focal point for financial analysis and accountability. Companies can optimize their cost centers by planning expenses meticulously and monitoring them more closely, enhancing workflow efficiency, and focusing on continuous improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Adexa

JULY 17, 2023

Improved visibility and transparency: Digital transformation enables real-time visibility across the entire supply chain network. It allows organizations to track and monitor inventory levels, production status, transportation, and other crucial supply chain activities.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

Unleashed

MARCH 24, 2024

Faster fulfilment: Some lean manufacturers find that they can improve their fulfilment times, delivering products more quickly, through the streamlining processes that come with going lean. Reduced costs: Reducing waste, upping productivity and managing inventory better lead to lower costs and better cash flow. Transportation.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 92

ThroughPut

MAY 22, 2024

ERP systems support and enhance modern supply chain management in several key ways: Integration and centralization ERP is a central system that integrates various supply chain functions like procurement, inventory management, production planning, order management, logistics, and returns. What are the Core Components of an ERP System?

Supply Chain Planning Software 97

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 97

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. It goes beyond traditional automation by encompassing a wider array of processes and focusing on both the effectiveness and the continual improvement of workflows.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

SCMDOJO

JUNE 6, 2023

This helps them optimize inventory levels and avoid overstocking or understocking. This has proven to improve cash flow since businesses avoid extra costs by excess inventory supply, and they also avoid not having enough products on hand. They can avoid bottlenecks and inventory shortages. Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Arkieva

DECEMBER 7, 2016

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Inventory, together with receivables, are essential components of the cash-to-cash cycle time.

Optimization Software 60

Optimization Software Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 60

RFgen

APRIL 18, 2023

Overhead swells in direct proportion to misships, adding greater expense for return shipping fees, overnight and same-day ordering, wasted inventory, chargebacks , wages, and loss of customers. Assign a supervisor to monitor compliance and KPI metrics. Track metrics like inventory accuracy, order accuracy, mispicks, and misship rates.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Unleashed

FEBRUARY 3, 2022

Lean manufacturing as a philosophy has three critical components: Deliver value to the customer Eliminate waste Continuously improve company processes. We’ll talk more about some of these later, but they include process mapping, inventory management, sequencing, automation and more. How ergonomic are your individual work cells?

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Lean Inventory Management Software Waste Reduction 98

GlobalTranz

OCTOBER 21, 2015

The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. One of the goals of the SLA/KPI should be Continuous Improvement or Kaizen (LEAN initiative).

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

ThroughPut

MARCH 11, 2024

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stockout issues.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

Precoro

DECEMBER 11, 2023

How the Strategic Sourcing Process Works Strategic sourcing is done through identifying the best suppliers , negotiating favorable contracts with them, and maintaining long-term relationships , as well as through continuous improvements to the purchasing workflows. Such analysis is essential for understanding procurement requirements.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. The course covers Activity Based Costing, Working Capital, the Cash-to-Cash cycle, and Discounted Cash Flow Analysis.

Supply Chain Design Software 114

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 114

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Production Lead Time: Beyond reducing carrying costs and inventory levels, an optimized production lead time empowers businesses to respond quickly to changes in market demand.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 78

Unleashed

APRIL 10, 2023

The key benefits of implementing lean manufacturing are time savings, cost savings, and improved quality of products and services. Kaizen Kaizen, also called ‘Continuous Improvement’, is a manufacturing technique that originates from the Japanese philosophy of the same name.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Unleashed

OCTOBER 23, 2023

Advantages of production planning Effective production planning helps companies minimise the cost of manufacturing products while improving customer satisfaction and company profitability. When you have a tight production plan based on accurate forecasting and data analysis, your business will be in a better financial position.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98