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

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts. How To Use Advanced Analytics.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

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

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing. Shift in cycles.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

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

Supply Chain Shaman

DECEMBER 15, 2022

Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

ivalua

JUNE 14, 2023

Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Precoro

JUNE 6, 2022

Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Vendors source avail goods and services to sell them to the end customers – companies or individuals. Suppliers' Insights.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Unleashed

AUGUST 20, 2023

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. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Talking Logistics

APRIL 29, 2015

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

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

EC Sourcing Group

FEBRUARY 16, 2021

How to Streamline Contracts and Procurement (During the COVID-19 Pandemic). As the pandemic surges on, your sourcing and contract management strategies may still be struggling. . Provided everyone has access to the sourcing and supply chain management software, there should never be a misstep in the contracting process.

Optimal Sourcing 52

Optimal Sourcing Procurement Sourcing Strategies EC Sourcing 52

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

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 Optimal Sourcing Optimization Software 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Ask for help.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Source: sasb.org. Ask for help.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Unleashed

MARCH 28, 2021

Sourcing new suppliers, trialling products, and negotiating contracts can be costly and time-consuming. In his article Strategies for Global Sourcing , David Pyke explored five types of sourcing relationships: buy the market, ongoing relationship, partnership, strategic alliance, and backward integration. Efficient onboarding.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Precoro

MAY 22, 2023

IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation. An organization’s decision on how to approach prospective vendors will depend on its unique needs and circumstances. Let’s go over these now.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. So what is procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Opz

FEBRUARY 17, 2015

To compete as an integrated supply chain, companies must better understand how to manage their relationships with their supply chain partners, whether they are suppliers or third-party logistics providers (3PLs). A strategic relationship has to include trust, commitment, shared cooperative norms, and compatibility.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Global 100

Unleashed

NOVEMBER 2, 2023

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. Effective production scheduling can mean the difference between a happy customer and a job that was cancelled because it wasn’t completed on time.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

GlobalTranz

NOVEMBER 30, 2021

Let’s take a closer look at how to turn these practices into action. 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.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Zipline Logistics

JULY 27, 2021

A strong holiday season is rolled into this prediction and is a source of substantial revenue for retailers and CPG shippers alike. By isolating key metrics, you can diagnose how to improve laggard performance and where your logistics operation needs to be tweaked to keep up with increased demand during peak. percent and 13.5

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

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. Time is limited when it comes to sourcing, tendering and negotiating with suppliers. Source the right technology. Goals of purchasing. Purchasing software.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

DynaSys

SEPTEMBER 22, 2021

How to Select a Supply Chain Planning Tool. And this is only one metric where you could be doing a lot better. Here is how to select a supply chain planning tool in 3 steps. Perhaps a major source of financial pain in your supply chain is not having a digitized capacity planning solution. So you’ve finally had enough!

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Demand Planning Software Optimization Software 52

Intelligent Audit

MARCH 23, 2021

More than one source of data and analytics is needed to get the most precise possible picture of supply chain spending and operational costs. Close monitoring of key performance indicators (KPIs) can provide valuable insight into performance within the important transportation data metrics. Use KPIs to Track Performance Over Time.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

Logistics Viewpoints

AUGUST 7, 2023

The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. Planner Metrics – They implemented adoption metrics on how often planners were using the planning application or if they were experiencing any pain points in the system.

Supply Chain Planning Software 175

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

QAD

MARCH 9, 2023

“As soon as a change in cost, capacity, demand or supply is detected, a planner needs to determine precisely how the disruption will impact the business objectives.” That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

Logility

NOVEMBER 30, 2020

Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from a traditional, analog supply chain to a more digital supply chain. Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40