ToolsGroup

SEPTEMBER 25, 2019

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

QAD

AUGUST 12, 2021

We will see the continued adoption of a wide range of sustainability efforts across manufacturing verticals, from automotive to food and beverage to life sciences. In other examples, you’ll find ERP provides the necessary insights and metrics, like OEE , to enhance production execution. Sustainability Objectives for Manufacturers.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Supply Chain View from the Field

APRIL 10, 2013

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Data must be right.

Procurement 83

Procurement Material Savings San Francisco SAP 83

Unleashed

JANUARY 29, 2024

A food and beverage company decides to streamline its product portfolio, based on the nutritional value and environmental impact of its products. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Talking Logistics

OCTOBER 27, 2016

In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency. Last year the company announced that it has exceeded this commitment early by eliminating 28.2

Cost Reduction Strategies 100

Cost Reduction Strategies Material Savings Modeling Software Sourcing Strategies 100

Unleashed

OCTOBER 6, 2021

KPIs can consider factors like turnover, costs, relationships with suppliers, and other metrics. Learn more: Separating Your Metrics and KPIs: What They Are and How They Differ 14. An example of joint procurement can be found in the EU’s Joint Procurement Agreement (JPA), set up in 2014 to procure medications to deal with pandemics.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

SYSPRO Smarter ERP

MARCH 14, 2022

Food and beverage manufacturing and distribution companies usually operate on smaller margins than most organizations in other industries. Unfortunately, a significant chunk of food and beverage companies’ raw materials are commodities, whose prices don’t just fluctuate from month to month but can change hour-by-hour.

Manufacturing Procurement 105

Manufacturing Procurement Cost Reduction Strategies Material Savings Beverage 105

Zipline Logistics

JANUARY 10, 2023

He works alongside clients ranging from some of the largest food and beverage businesses in the world to the brightest up-and-coming CPG brands in North America. Starting his career in carrier procurement and management within a Fortune 100 logistics company, Lynch has held positions of responsibility in all areas of third-party logistics.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Enterra Insights

FEBRUARY 9, 2021

This is expected to result in the reduction of over 26 million metric tons of greenhouse gas emissions — the equivalent of taking five million-plus cars off the road for a full year. Everything from procurement, to production, to logistics can be improved using artificial intelligence. ”[6].

Sourcing Strategies 113

Sourcing Strategies Supply Chain Planning Software Procurement Analytics Sustainability 113

QAD

SEPTEMBER 22, 2021

This type of software is used by businesses to plan and oversee routine operations, such as supply chain management, manufacturing, services, project management, customer relationship management, risk management, compliance, accounting and procurement. Food & Beverage. Consumer Products. High Tech & Electronics.

Case Study 52

Case Study Study Optimal Sourcing Supply Chain Planning Software 52

DynaSys

JANUARY 13, 2021

However, overall supply (in 2019’s case overall beverage supply) usually accommodates demand. Others, such as food & beverage experienced earthshaking shifts in demand to which most players were ill-equipped to quickly adjust. Your Finance department is minding this metric in particular. Increased demand during the crisis.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 61

Supply Chain Shaman

MARCH 8, 2016

Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies. Traditionally E2open sold to the procurement organization. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition).

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to Sprudge.com, violence has driven down coffee production in the past, dropping from 130,000 to 8,000 metric tons in between the 1980s and 2013, when civil conflict was at its peak. Nestle made efforts to repair the war-torn area, investing $2.5

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to Sprudge.com, violence has driven down coffee production in the past, dropping from 130,000 to 8,000 metric tons in between the 1980s and 2013, when civil conflict was at its peak. Nestle made efforts to repair the war-torn area, investing $2.5

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

DynaSys

APRIL 14, 2021

In food and beverage and many consumer packaged goods sectors, the popularity was really gaining momentum just prior to the Covid-19 outbreak. Long production runs or cycled campaigns are good for manufacturing efficiency metrics but not so much for inventory metrics. . But also for industries and manufacturers.

Supply Chain Planning Software 52

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

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During Food and Beverage Company Performance on the Supply Chain Index for the Period of 2006-2012. In our program, cost avoidance, while desirable, does not count towards the metric. We named it the Supply Chain Index. Our aim was to maintain a 3 to 3.5

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

IQMS

OCTOBER 18, 2019

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. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Supply Chain Brain

MAY 22, 2018

In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. And that does not include the people who work along the meat supply chain: the slaughterers, packagers, retailers and chefs. Figures for the value of the global meat industry vary wildly from $90bn to as much as $741bn.

Food 40

Food Manufacturing Procurement Security Metrics 40

Logility

JULY 20, 2023

It’s crucial for your demand plan to be accurate because it’s used to set your procurement and manufacturing levels. It should also provide error metrics to help you understand how accurate each forecast is. For example, you’ll need to handle expiration dates in the food and beverage industry. Broad industry expertise.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. The Stratum data hub collects, organizes and stores data from multiple sources and serves as a single version of the truth for helping our clients analyze performance KPIs and metrics across their businesses.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

QAD

FEBRUARY 15, 2023

A great plan must be executed against, and include financial metrics. You must understand the impact on business performance as changes in one area are propagated through the end to end supply chain — so the effect on procurement, manufacturing, supply chain/ distribution are clearly understood.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52

DynaSys

SEPTEMBER 1, 2021

For example, many Food and Beverage manufacturers experienced large scale changes in demand and supply as consumption moved from restaurants to groceries, and demand shifted from in-store to online. When analysing scenarios planners must balance operational metrics, against financial metrics, and also against risk.

Agile and Lean Supply Chain 52

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

ShipBob

FEBRUARY 26, 2024

It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. As a result of this improved forecasting precision, you can plan your procurement more accurately. CPFR is most commonly used in the consumer goods and food and beverages industries. The post What is CPFR?

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

Supply Chain Action Blog

JULY 8, 2021

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. What metrics should I use to measure forecast accuracy?

Forecasting 40

Forecasting Forecasting Software Optimal Sourcing Modeling 40

RFgen

APRIL 20, 2023

Other industries that make or process goods stand to benefit as well: Aerospace & Defense Automotive Chemicals Consumer Packaged Goods (CPG) Electronics Food & Beverage Industrial Manufacturing Medical Devices Oil & Gas (and companies supporting the industry) To name a few.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

GlobalTranz

MARCH 15, 2017

Products themselves are more environmentally friendly (aerosol free for instance); primary packaging is reduced (pouches compared to jars), and secondary packaging has been slashed (beverages are often now wrapped rather than encased.) . Among the challenges: .

Cost Reduction Strategies 120

Cost Reduction Strategies Waste Reduction Expense Reduction Material Savings 120

GlobalTranz

FEBRUARY 27, 2017

Products themselves are more environmentally friendly (aerosol free for instance); primary packaging is reduced (pouches compared to jars), and secondary packaging has been slashed (beverages are often now wrapped rather than encased.).

Waste Reduction 120

Waste Reduction Sustainability Cost Reduction Strategies Expense Reduction 120

6 River Systems

JUNE 29, 2020

Building supply chain resilience isn’t a new goal, but it’s become a primary focus for supply chain leaders in the wake of the pandemic crisis, particularly in the hardest-hit industries, such as food and beverage. ” — Michael Varney and Wil G. “Stay rigid with scheduled check-ins.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Shaman

FEBRUARY 11, 2014

My journey to understand supply chain Metrics That Matter started three years ago. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. My journey of sharing these insights with clients has culminated in the writing of my second manuscript, Metrics that Matter.

Metrics 283

Metrics Optimal Sourcing Manufacturing Procurement Inventory Reduction 283

Material Handling & Logistics

JUNE 25, 2018

So the CSR score too is more of a popularity contest than a consistent metric. uses a lot of water, both within its products and in the manufacturing process, and as perhaps the world’s best-known beverage producer, the company is a frequent target of environmental groups for its water usage practices. DataTable subpages.

Gartner 81

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 81

FLEXE

DECEMBER 11, 2016

I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. And, again, with the power of the marketplace in scale, you start to get comparative metrics. Well, imagine being able to measure those metrics in an apples-to-apples way across hundreds of providers. The metric — the ROI metric.

Modeling Software 31

Modeling Software Logistics Network Optimization Software Supply Chain Design Software Predictive Analytics Software 31

6 River Systems

FEBRUARY 25, 2019

William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally. An open two-way communication between the buyer and seller should be the goal.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

Unleashed

DECEMBER 20, 2022

Popular categories include groceries and beverages, books and music, online courses, and clothing. Consider these factors when creating your eCommerce business plan: Which KPIs and metrics you’ll track for each area of the business. B2C B2B C2B C2C. Goods and services are sold by a business to an individual.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96