Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. In my work with Supply Chain Insights , I immerse myself in learning. In my work with Supply Chain Insights , I immerse myself in learning. Business Dictionary.com.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. Why is KPI tracking so important in supply chain management? But more importantly, significant supply chain improvements can occur as a result.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What are its advantages and disadvantages?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Supply Chain Shaman

SEPTEMBER 3, 2015

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. His feeling was that inventory is an asset to manage.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Unleashed

DECEMBER 13, 2023

New manufacturing data reveals the small to medium manufacturing sector remains in recovery mode, with global performance largely mapping to local economic conditions. New Zealand manufacturing, meanwhile, is at an historic inflection point, with stagnant performance in multiple sectors.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Here are ten things to keep in mind in terms of the role that forecasting can have on supply chains: While not a cure all, forecasting does matter.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

GlobalTranz

JANUARY 10, 2017

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Logility

AUGUST 4, 2023

Selecting a new enterprise technology or supply chain planning software provider can be wrought with challenge and risk. This is especially true in supply chain planning & management platforms. Document and agree to what your next supply chain planning technology must deliver for you. (but we will!)

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Silvon Software

JUNE 1, 2023

But how do you know if you are using the right KPIs, including both stakeholder and supply chain performance measures? Supply Chain-Focused KPIs Beyond stakeholder-focused KPIs, many companies focus on “flow of materials” to help evaluate the efficiency, effectiveness, and performance of the end-to-end supply chain operations.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

Supply Chain Shaman

OCTOBER 5, 2018

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years. Supply Chains to Admire Methodology.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 85

Inventory Reduction Analysis Material Savings Optimal Sourcing 85

Kinaxis

NOVEMBER 11, 2019

Some transformations follow a convention, but in supply chain that’s rarely the case. Leaders from Bose, Boston Scientific and ON Semiconductor shared key lessons from their supply chain transformations, including what led them to consider change. Planners can’t work with contract manufacturers.

Supply Chain Transformation 164

Supply Chain Transformation Supply Chain Planning Software Gartner Supply Chain Software 164

Supply Chain Shaman

SEPTEMBER 10, 2023

These questions are top of mind as I wrap up a class of 154 individuals learning the principles of outside-in supply chain planning processes. The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. Why does it matter? The reason?

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. To help out fellow supply chain experts and professionals, we’ve crafted this guide to deepen your comprehension of JIT, illuminating its fundamental principles, myriad benefits, strategic implementation, and the challenges that may arise.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 80

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 80

Supply Chain Shaman

JUNE 14, 2018

Today, the management of the supply chain is harder. Supply chain management is more complex. Sometimes the changes within a supply chain are subtle, but have a large impact. Sometimes the changes within a supply chain are subtle, but have a large impact. Organizational alignment is an issue.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Logility

AUGUST 25, 2020

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. in inventory write-down and 20% drop in stock value. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Supply chain cost per unit sold.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially.

Supply and Demand 192

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 192

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. The symptom is clear, but the root issues are not clear.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

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

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Kinaxis

JULY 18, 2014

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. For the past several years, Supply Chain Insights has been delivering this research series. It has about 6 million components which are manufactured in 30 countries by 550 unique suppliers. by Bill DuBois.

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Aerospace Supply Chain Strategy 224

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. However, when Gartner bought AMR Research, and I left in the transition(because I don’t believe in the Gartner methodology), I launched a new methodology named the Supply Chains to Admire. The reason?

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

Supply Chain Shaman

NOVEMBER 9, 2014

I am a supply chain gal. I work with many organizations on their supply chain strategies. Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. The team was organized around the functional silos of source, make and deliver.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Unleashed

MARCH 6, 2024

Supply chain agility is the ability of a supply chain to respond quickly and effectively to changes in customer demand and external pressures. This guide breaks down supply chain agility – its benefits and the best-practice strategies for achieving it. Why is supply chain agility important?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

Procurement Analytics 104

Procurement Analytics Metrics Inventory Reduction Inventory 104

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. automating the digital transformation of supply chain optimization and advanced retail planning, is honored to be a winner of IDC’s 2020 SaaS CSAT Award for Supply Chain Management for Customer Satisfaction.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Unleashed

AUGUST 21, 2019

Manufacturers today are faced with a range of evolving requirements that complicate this process and leave many businesses merely accepting this process as the cost of doing business. Many manufacturers have started to follow suit. If your business is managing lots of stock, label printing can make inventory management much easier.

Manufacturing Procurement 61

Manufacturing Procurement Inventory Management Software Manufacturing Inventory Reduction 61

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Isn’t time important?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Explore Modern End-to-End Supply Chain for Real Business Growth. Explore Modern End-to-End Supply Chain for Real Business Growth.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163