article thumbnail

Metrics that Matter: Inventory Effectiveness

QAD

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Whether you measure purchase orders or customer orders—and you should do both—high numbers indicate problems in your inventory planning and flow.

article thumbnail

Asset Management Best Practices Using Low-Code: Part 1

TrackVia

Effective asset management is essential to any successful business operation. Streamlining these processes to align perfectly with the unique needs of each organization can help an organization to better manage and enhance decision-making processes and reduce operational costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Suppliers of Transportation Execution and Visibility

Logistics Viewpoints

Based on ARC Advisory Group’s new global market report, the five largest providers of TES, listed alphabetically, are Descartes, E2open, FourKites, Infor Nexus, and project44. The company has grown significantly via acquisitions over the last few years, including the purchases of Amber Road, BluJay Solutions, and INNTRA. Infor Nexus.

article thumbnail

Asset Management Best Practices Using Low-Code: Part 1

TrackVia

Effective asset management is essential to any successful business operation. Streamlining these processes to align perfectly with the unique needs of each organization can help an organization to better manage and enhance decision-making processes and reduce operational costs.

article thumbnail

IoT Benefits for Supply Chain Operations

Enterra Insights

The Thomas staff reports, discrete manufacturing accounts for the largest proportion of IIoT spending. They add, “The adoption of IoT solutions will provide discrete manufacturers with the data needed to drive innovation and better manage complex production cycles, leading to improved operations and profitability. .”[6]

article thumbnail

What MRO Metrics Matter?

RFgen

Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Manufacturing.net reported that this figure should be in the 95 percent range. According to Modern Materials Handling, 10 percent is the optimal target for both metrics.

article thumbnail

What MRO Metrics Matter?

RFgen

Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Manufacturing.net reported that this figure should be in the 95 percent range. According to Modern Materials Handling, 10 percent is the optimal target for both metrics.