GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

OptiProERP

APRIL 9, 2024

Continuous improvement initiatives help enhance product quality and customer satisfaction. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Quality Assurance Quality assurance ensures that products meet predefined quality criteria.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Logistics Viewpoints

SEPTEMBER 13, 2021

Lean initially became a popular continuous improvement methodology because of Toyota’s emergence as a leader in the automotive industry. This in turn means that manufacturers need to understand where they are single sourced on key components. In terms of single sourcing, a useful metric is called “revenue at risk.”

Manufacturing Procurement 162

Manufacturing Procurement Agile and Lean Supply Chain Lean Manufacturing 162

BlueYonder

FEBRUARY 19, 2024

Customer Trust – Supplier Collaboration and Data-Driven Sourcing Trust forms the bedrock of success. Mutual data exchange gives rise to a data-driven sourcing strategy, benefiting all stakeholders across the buyer and supplier ecosystem. Fortifying relationships with suppliers takes center stage in this phase.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Waste Reduction Inventory Reduction 52

Supply Chain Shaman

MARCH 28, 2016

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. 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

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Elementum

FEBRUARY 7, 2024

Measuring Automation Success Evaluating the effectiveness of business process automation through AI requires a focus on specific metrics and their influence on organizational goals. These evaluations should guide towards continuous improvement.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ivalua

AUGUST 1, 2022

In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . When supplier management operates in a silo–disconnected from all other procurement processes (from sourcing to payment), it captures only a fraction of the value.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. The questions that are most often asked are: What metrics should I use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

Silvon Software

APRIL 18, 2024

Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically. For example, using real-time analytics to monitor product quality during manufacturing and trigger alerts if metrics fall outside acceptable ranges.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

QAD

APRIL 13, 2023

In addition, the continued existence of product quality issues may point to increased complexities in the supply chain, limited innovation in manufacturing, inadequate adoption of modern manufacturing technologies and robust quality management systems.

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

Logility

APRIL 29, 2021

It must also enable continuous improvement programs and Good Manufacturing Practices (GMP) by helping to identify areas that need improvement and create and manage corrective action plans. To gain efficiency and build resilience, collaboration between these departments should be encouraged.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

Arena Solutions

APRIL 9, 2024

Then, escalating issues back to Arena PLM closes the quality loop, allowing you to flow corrective actions back to design for continuous improvement. As Arena PLM and ION Factory OS exchange data back and forth, upstream and downstream coordination opens up new opportunities for continuous improvement.

Manufacturing Procurement 75

Manufacturing Procurement Supply Chain Design Software Manufacturing Analytics Software 75

Logility

APRIL 5, 2022

This should include: Progress made The outcome and effectiveness of any completed actions Metrics that track action performance and effectiveness . The goal of any SCAR and a corresponding CAP is continuous improvement. What is the schedule of planned reviews to ensure plans are being implemented as scheduled?

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 130

QAD

AUGUST 12, 2021

Let’s cover just three areas where ERP drives greater sustainability: Responsible Sourcing – Manufacturing ERP systems support efforts to identify responsible, sustainable sources of materials. It’s a constant area of focus to eliminate waste throughout an organization and drive continuous improvement.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Operations and Supply Chain Management

NOVEMBER 21, 2023

It also facilitates inputs from various external sources, including suppliers and customers, which can help synchronize schedules and improve planning accuracy. 5 Continuously improve: Concurrent planning is an iterative process that requires continuous improvement.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Supply Chain Planning Optimal Sourcing 40

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? Each requires its own portfolio of metrics. How do we get buy-in around the organization?

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Supply Chain Shaman

JUNE 15, 2018

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

ToolsGroup

JULY 10, 2018

It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature. Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders. Demand Sensing.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

OptiProERP

FEBRUARY 8, 2024

Wire Arc Additive Manufacturing (Now DED-arc): Wire Arc Additive Manufacturing utilizes arc welding power sources and manipulators to construct 3D shapes through arc deposition. It typically employs wire as a material source, following a predetermined path to shape the desired form, often utilizing robotic welding equipment.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Adexa

JULY 17, 2023

By leveraging advanced analytics techniques, organizations can gain valuable insights into demand patterns, customer behavior, operational performance, and other key metrics. These insights help identify trends, optimize processes, and make informed strategic decisions to drive continuous improvement and competitive advantage.

Supply Chain Planning Software 98

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

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. The company also needs to drive cash efficiency and improved productivity. Being able to look at a service failure and get down to root causes is necessary for continuous improvement. But even multi-sourcing is not enough.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Supply Chain Shaman

SEPTEMBER 2, 2016

The focus cannot be about only continuous improvement of existing processes. Culturally companies need to bridge the difference between a traditional focus on continuous improvement and the need to drive a disruption. Pick five-to-seven balanced metrics and hold all functions accountable to these corporate metrics.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations. Freight Procurement The actual Freight Procurement Stage is the heart of the transportation service sourcing process for shippers.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Unleashed

APRIL 21, 2024

How the order processing process works The order processing process begins when a customer order is placed and verified – in person, via email or telephone, or online – followed by inventory sourcing, then picking and packing, before the order is shipped. Order tracking and updates are provided to the customer.

Inventory Management Software 52

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

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. I use a method I call managing for daily improvement or MDI. How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Industry Week, March, 2016).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Logility

OCTOBER 6, 2023

Mansi Arora, Managing Director – Strategy & Consulting, Supply Chain & Operations, Sourcing and Procurement, Accenture, November 29,2022 How does the Logility cloud platform ensure platform stability and scalability? In addition, they monitor the availability of data sources exposed or feed the application integration.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

synchrono

NOVEMBER 4, 2015

Data from machines, tools, applications, enterprise systems – any data source – is synchronized to drive decision-making (In our view, this also enables the Industrial Internet of Things – IIoT.). Continuous improvement – use the first two Elements as a baseline for defining areas for continuous improvement – and never get complacent.

Manufacturing Procurement 75

Manufacturing Procurement Manufacturing Internet of things Demand Planning Software 75

ToolsGroup

JULY 10, 2018

It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature. Data sources for the forecast can include planned sales orders, customer contracts and intercompany standing orders. Demand Sensing.

Supply and Demand 120

Supply and Demand Demand Planning Software Forecasting Forecasting Software 120

ThroughPut

FEBRUARY 15, 2023

Using this responsiveness as a springboard, supply chain resilience comes into action by managing costs during volatile times and continuously improving processes and workflows to adapt to possible future changes. Flexibility is at the core of a responsive supply chain, which is not just reacting to changes but being proactive as well.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Supply Chain Shaman

MAY 21, 2013

The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). The focus has been on sourcing and managed costs. By and large, they struggle to gain cross-functional alignment on process redesign to improve outcomes.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

TrackVia

MARCH 25, 2024

Mobile workflows ensure that data is captured accurately at the source and automatically synced across all relevant systems, providing everyone with access to the most up-to-date information. This not only saves time and reduces the need for manual data reconciliation but also improves the overall quality and reliability of business data.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

American Global Logistics

SEPTEMBER 12, 2023

Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services. Other innovations in optimizing supply chain efficiency include using renewable energy sources, route optimization, and electric vehicles to develop environmentally sustainable supply chains.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52