Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Lack of aligned metrics.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Watermelon Metrics Don’t Drive The Right Results.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Supply Chain Shaman

JANUARY 7, 2015

Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. The book outlines how to drive a guiding coalition.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

GlobalTranz

MARCH 23, 2016

How to Breakthrough Lean Culture Plateaus. Leader standard work in order to create accountability within the team structure; Problem-solving thinking; how to align your organization so that the right problems are solved at the right level. Practices and learns how to apply Lean tools. Ask yourself, "Has the Lean team plateaued?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Unleashed

AUGUST 20, 2023

If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. Let’s dive in. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes. Each type of lead time can impact the global process.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

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

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. We do not know how to walk the talk.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. Contract Manufacturing Signal Latency. In my last blog post, I shared insights on data synchronization between brand owners and contract manufacturing. On average, it takes 2.8 Armed with this insight, start the discussion.

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

ShipBob

FEBRUARY 3, 2023

But how do you know if all that hard work is paying off? By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. Why are retail metrics important? What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. The issue was that none of these ex-McKinnsey and Deloitte consultants knew how to model variability, feasibility, and constraints.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. In this case, the supplier receives a commission from both the customer and the manufacturer. Let's imagine a company A, that manufactures a finished product – sneakers. Blurred lines.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

DECEMBER 28, 2020

The first story is about a large regional food manufacturer. The second story is about a regional beverage manufacturer. In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. This was the case for the client stories that I will share in this blog. The answer?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Note in Figure 1 the gaps from recent research between supply chain planning and manufacturing, logistics, and sales. The gap between logistics and procurement; and logistics and customer service increases process latency.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Shaman

FEBRUARY 7, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. The issue was that none of these ex-McKinnsey and Deloitte consultants knew how to model variability, feasibility, and constraints.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

OptiProERP

MARCH 15, 2022

Before getting into production scheduling and how it helps manufacturers, let’s have a quick look at the functions of the production department in a manufacturing organization. Components of Production Scheduling in Manufacturing. It determines how manufacturers will meet product requirements. Dispatching.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Unleashed

NOVEMBER 2, 2023

A production schedule can help you bring down manufacturing costs and maximise efficiency during the production process. Keep reading to learn what a production schedule is, how to create one, and the actionable tips that’ll help you maximise success and improve productivity in your production scheduling process.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

The Logistics of Logistics

FEBRUARY 11, 2022

OTIF is a key supply chain metric. 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. The Supply Chain is Broken – How to Fix it with Jeff Dangelo. About Andrew Lynch. third-party?logistics.

Cost Reduction Strategies 206

Cost Reduction Strategies North America Logistics Network Optimization Software Manufacturing Procurement 206

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. Inventory Management Efficiency This is an evaluation of how efficiently the purchasing team maintains the right level of inventory.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Organizations can align to drive value despite the allegiance to functional metrics. With the increase in complexity, manufacturing cycle inventories rise.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ShipBob

DECEMBER 13, 2023

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. These metrics provide valuable insights into how well your inventory is managed.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. How Managed Transportation Enables Ongoing Optimization Across Your Network. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Unleashed

MARCH 16, 2021

So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. How to set up a purchasing department. Creating procurement policies and procedures. And while this is an exciting step, we understand it can also be a tad overwhelming. Goals of purchasing.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. The question was on “how to improve performance.”

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

The Logistics of Logistics

JUNE 7, 2021

OTIF is a key supply chain metric. 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. The Supply Chain is Broken – How to Fix it with Jeff Dangelo. About Andrew Lynch. third-party?logistics.

Cost Reduction Strategies 147

Cost Reduction Strategies North America Manufacturing Procurement Logistics Network Optimization Software 147

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. Evaluate your procurement process. What is a lean supply chain?

Agile and Lean Supply Chain 52

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

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Do you know how your current compliance process is working?

Optimal Sourcing 203

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

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113