Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Logility

AUGUST 7, 2017

Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?” However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

SupplyPike

APRIL 7, 2020

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. OTIF Compliance Issues: Collect Ready. Not In-Full.

Metrics 79

Metrics DC Supply Chain Design Software Shipping 79

Supply Chain Shaman

JANUARY 7, 2015

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. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Arkieva

OCTOBER 11, 2017

The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics. How to Establish Early Warning Supply Chain Metrics was first posted on October 11, 2017 at 10:00 am.

Metrics 63

Metrics How To Supply Chain Supply and Demand 63

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. This broad spectrum must be captured fully, including metrics on energy consumption, water usage, and overall environmental impact,” explains Vethuizen.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

Logility

MAY 18, 2020

When you define the outcomes you’re hoping to predict, whether it’s sales, equipment repairs, email sign-ups, or some other metric, you’re better able to understand the metrics that will get you to that point. We also suggest the following best practices as you’re building your predictive analytics system: Clarify your objectives:?When

Predictive Analytics 228

Predictive Analytics Analytics Software Predictive Analytics Software Procurement Analytics 228

Talking Logistics

NOVEMBER 2, 2016

Assuming you can start with a clean slate, are there any guiding principles to selecting the “right” metrics? One is they have way too many metrics. A lot of organizations leave out employee morale and they struggle with how to measure it,” says Minghini. “It Which supply chain metrics matter the most?

Metrics 100

Metrics Supply Chain Logistics Network Optimization Software Supply and Demand 100

Tive

SEPTEMBER 23, 2021

Of all the metrics associated with supply chains, OTIF -- on time and in full delivery -- is the ultimate measure of performance. OTIF is a metric that ties directly to trust in supply chain partnerships and most important of all, customer satisfaction.

Metrics 52

Metrics Supply Chain Software How To Supply Chain 52

Supply Chain Movement

DECEMBER 8, 2014

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time. Change can be risky.

Metrics 120

Metrics Supply Chain Design Software Gartner Supply Chain Design 120

QAD

JULY 1, 2021

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. Finally, you need to know how to calculate total manufacturing overhead. Improving communication between departments and comparing metrics across them. Finally, you need to know how to calculate total manufacturing overhead.

Manufacturing Procurement 90

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 90

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

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. The IQR metric is a percentage of active inventory in the total stock. Without a clear goal, it feels like it is never right.”.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

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. We do not know how to walk the talk. When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk appeared first on Supply Chain Shaman. The post Collaboration?

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

BlueYonder

JANUARY 18, 2024

For example, how long it takes to get an item back into stock after being returned is very rarely a considered metric for retailers. How To Maximize the Profitability of Returns The key to improving returns speed is to dynamically switch the logistics approach depending on the profitability of the item.

Logistics Network Optimization Software 57

Logistics Network Optimization Software How To Supply Chain Software Retail 57

Arkieva

MAY 12, 2021

A reoccurring challenge in comparing and combining diverse time series in demand forecasting is the “scale” – as it is in combining metrics. Tools of the Trade: How to Compare / Combine Diverse Time Series – “Normalizing” was first posted on May 12, 2021 at 8:04 am. This blog provides an example of one method called normalization.

Forecasting Software 129

Forecasting Software Demand Planning Software Supply Chain Software Tools 129

Kinaxis

JUNE 22, 2015

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

ToolsGroup

MARCH 3, 2022

How to Use Weather Analytics in Retail Forecasting. Targeting favorable weather time periods and regions/markets enable companies to capture sales from receptive audiences and improve ROAS (return on advertising spend) and other key metrics. The impact weather has on consumer demand will vary by product, time of year, and location.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

OptiProERP

APRIL 9, 2024

Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. The post How to Track All Quote-to-Cash Steps to Produce a Final Product appeared first on ERP for Manufacturers | Manufacturing Software | OptiProERP.

Optimal Sourcing 52

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

ivalua

JUNE 11, 2021

Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.

Supplier Management 130

Supplier Management Sustainability Procurement How To 130

ThroughPut

MARCH 15, 2024

Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”. The post How to Implement AI in Your Supply Chain: A Real-world Guide appeared first on ThroughPut.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”. The post How to Implement AI in Your Supply Chain: A Real-world Guide appeared first on ThroughPut.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. Not looking at how they work together.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Unleashed

OCTOBER 8, 2023

Read on to discover everything you need to know about opening inventory, including the formula and how to calculate it. This information can also feed into key decisions around how you manage your supply chain, where to increase or decrease business investment, and how to manage your labour force. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

OptiProERP

JANUARY 17, 2024

While the overall trend is toward more integrated and flexible systems that can process voluminous amounts of data, yielding analytics and metrics for improved decision-making, a majority of manufacturers still have yet to commit to the newer, “smarter” technologies.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Design Software Supply Chain Planning Software 52

Supply Chain Game Changer

APRIL 13, 2022

Nowadays everyone is looking for options on how to reduce the time of development. It is a metric to measure the productivity of the team. Now you know the answers to the basic questions ‘what it is’ and ‘why it is important’, so it’s time to move forward and have a look at how to do it.

Supply Chain Planning Software 94

Supply Chain Planning Software Optimization Software Supply Chain Software Software 94

synchrono

FEBRUARY 13, 2017

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well.

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. In this article, we explore what Days Inventory Outstanding is, how to calculate it, and how to improve the result. What is Days Inventory Outstanding? What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Unleashed

SEPTEMBER 22, 2019

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. What is DIFOT exactly and how can it be applied? If you are measuring your own DIFOT scores as a distributor, you can use the metrics to promote your own success and ability to fulfil demand.

Metrics 61

Metrics Supply Chain Design Software Inventory Management Software Forecasting Software 61

Arkieva

MARCH 28, 2023

This blog previews a webinar that discusses how to find the best data to drive your integrated business planning processes. How to Select Effective Dashboard KPIs was first posted on March 28, 2023 at 8:24 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

How To 78

How To Supply Chain Planning Scenario Planning Data 78