Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. For instance: pumps and motors as MRO repair parts for industrial machinery. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

GlobalTranz

MAY 20, 2015

We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition. In fact, we are introducing our newest blog category so you may easily read all supplier quality management type posts here. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

MARCH 28, 2016

The first step in the journey is to analyze balance sheet results and understand industry trends. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. A Look at History.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Game Changer

NOVEMBER 2, 2022

Such delays cause heavy losses to the affected industries, making them difficult to return to the pre-pandemic levels. In the automotive industry, supply chain risk management software has become a key part of business operations. The post How Risk Management Software is Transforming 3 Industries! Automotive.

Supply Chain Planning Software 96

Supply Chain Planning Software Risk Management Supply Chain Software Predictive Analytics Software 96

SYSPRO Smarter ERP

MARCH 28, 2024

If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Different departments have their own data needs and very specific metrics. There needs to be an understanding of how granular the metrics should be.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimization Software Optimal Sourcing 52

QAD

OCTOBER 18, 2022

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? Governments and industries are joining this trend by creating new laws and regulations to ensure that businesses are respecting human rights, supporting diversity and respecting the planet. Do you want to see more?

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

SYSPRO Smarter ERP

APRIL 17, 2023

The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Optimal Sourcing 76

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 76

Logility

FEBRUARY 3, 2021

In a recent Logility blog post , Richie Proud, vice president of planning and inventory at Curaleaf, said this about the upheaval in the retail fashion sector: The digital transformation of the fashion industry has been immense over the past 6 months. The current suite of metrics were built for a time that no longer exists.

Metrics 171

Metrics Prescriptive Analytics Software Retail Analytics Software 171

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Broadening Multi-Sourcing and the Use of Near Shore Suppliers. Implementing Digital Demand Planning and Forecasting Solutions.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

Logility

DECEMBER 29, 2020

Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Quality Control. Life Cycle Maintenance.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 130

Supply Chain Shaman

APRIL 25, 2013

It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 261

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. disruption and volatility. Centralize Communications ?Across Across OTR Transportation Modes.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Supply Chain Matters

MARCH 12, 2024

The Supply Chain Matters blog provides a further update on the ongoing production quality, corporate reputational and cultural challenges that collectively surround commercial aircraft producer Boeing. The stakes are high, both internally for Boeing and externally for this industry and its extended supplier networks.

Quality 52

Quality Alaska Manufacturing Procurement Supply Chain Design Software 52

SYSPRO Smarter ERP

MARCH 27, 2023

It involves ensuring that critical aspects of the supply chain, such as sourcing of raw materials, manufacturing processes, and distribution channels, are managed in-house or using trusted partners. Revise sourcing policies to focus more on reliable delivery rather than just lower costs.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Industries carried on average 32 days more inventory in 2020 than in 2007. (I I give you this evidence in this blog.). Organizations can align to drive value despite the allegiance to functional metrics. Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

MARCH 5, 2019

The industry is moving down a path of “groupthink.”. In this blog post, I give a framework to drive discussions. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. This week, in advisory calls, I answered five questions on control towers. Visibility.

Supply Chain Design Software 297

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 297

EC Sourcing Group

MAY 17, 2023

In this blog post, we’ll explore the significance of spend classification in eSourcing and its vital connection to eSourcing technology platforms. Categorizing products and services based on standardized industry codes or customized taxonomies allows organizations to develop a comprehensive understanding of their procurement needs.

Optimal Sourcing 52

Optimal Sourcing Negotiating Skills Negotiate Pricing Sourcing Strategies 52

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. Full bi-directional traceability from source to consumption enables comprehensive tracking of the product lifecycle, ensuring adherence to regulations like FDA 21 CFR Part 11 and Good Manufacturing Practices (GMP).

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

IQMS

JUNE 4, 2019

99% of mid-market manufacturing executives are familiar with Industry 4.0, yet only 5% are currently implementing or have implemented an Industry 4.0 Mid-market manufacturers getting the most value out of Industry 4.0 Demystifying Industry 4.0 Delving into the specifics of Industry 4.0 Source: Industry 4.0:

Supply Chain Planning Software 56

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Sourcing Strategies 56

Supply Chain Matters

APRIL 20, 2022

The Supply Chain Matters blog highlights a revealing survey published this week regarding viewpoints relative to business sustainability and ESG actions which reflect both a call to action and a perspective of advanced technology enablement. . Background. Announced Survey Findings.

Survey 111

Survey Sustainability Cost Reduction Strategies Sourcing Strategies 111

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted. Identifying information sources and how you’re going to use them will help you capture data correctly. .

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. can be measured to define this metric. This metric will require investigation of specific processes and functions in order to uncover underlying issues.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

QAD

MARCH 9, 2023

Automotive and industrial product companies were among the hardest hit. That means looking at the right metrics. These two types of KPIs are complementary and “will empower a practitioner to visualize the profitability impact of a supply chain decision regarding production, distribution and sourcing.”

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 80

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 80

QAD

FEBRUARY 7, 2023

Though each industry may abide by a different means of scoring, that goal can be broken down further into three general objectives: Develop and strengthen relationships: This requires looking at which suppliers are critical to the business and which aren’t. appeared first on QAD Blog.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Supply Chain Shaman

JULY 9, 2013

For the reasons why, please read my recent blog post ). We started with mining the data on supply chain financial ratios within industry groups. This research was the backbone of the Supply Chain Metrics that Matter series of reports. As we published more and more industry data, I wanted to better define industry leaders.

Supply Chain Software 207

Supply Chain Software Supply Chain Modeling Modeling Software 207

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. Comprehensive view of source, make and deliver. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Focus is on make, source and deliver together.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 221

Supply Chain Matters

FEBRUARY 7, 2024

We believe that these inventory management, customer and last-mile fulfillment strategies will have industry wide implications in terms of competitive stakes and cost-to-serve. Although readers might tend to view this narrative as Amazon corporate marketing, it does provide important insights, added context and takeaways for the industry.

Supply Chain Network Software 52

Supply Chain Network Software Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Supply Chain Shaman

OCTOBER 8, 2019

This blog post formed in my head as I worked with clients this month. The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

QAD

AUGUST 26, 2021

In his white paper , “ No Matter What You Call It: Industry 4.0 Means Manufacturing in Transition”, QAD’s Glenn Graney, director for the Industrial and High Tech markets, reflects on artificial intelligence: “Artificial Intelligence (AI) is already transitioning from an academic exercise to an impactful business proposition.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

Supply Chain Matters

OCTOBER 12, 2022

While some multi-industry supply chain teams are likely continuing to experience and mitigate disruptions, particularly shortages related to semiconductor devices, this overall downward trending should be viewed as positive. Otherwise, industry supply chains will once again be forced into cost reduction mandates. for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

QAD

JULY 7, 2022

The concept of ethical sourcing has risen in popularity during the past four years.” . Supply chain due diligence is a critical topic for manufacturers and enterprises in all industries, especially given three major impacts of recent high-profile abuse cases, new due diligence laws and consumer buying trends. .

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98