Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

The Logistics of Logistics

AUGUST 17, 2022

Nick is a Senior Account Executive and Team Leader at Lean Solutions Group , and Melanie is the Director of Solutions Consulting at Symtrain. Nick Strober is a Senior Account Executive at Lean Solutions Group , where he is known as a jack of all trades. About Lean Solutions Group. About Nick Strober. 500 Fastest Growing U.S.

Logistics Network Optimization Software 192

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Network Software Buyer Training 192

Supply Chain Shaman

JULY 25, 2021

I find the industry complicit. To make the point, let me share an orbit chart for four industries (reference Figure 1). While some might claim that the industry made progress, the facts show that the industry margin decreased precipitously in three of the four industries shown. How could the industry spend 1.7%

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

QAD

JULY 1, 2021

Improving communication between departments and comparing metrics across them. Our solutions are designed and implemented with manufacturing industry best practices in mind, such as: Lean manufacturing and process optimization. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 88

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 88

RFgen

FEBRUARY 17, 2023

Lean manufacturing emphasizes customer desires. Just-in-Time (JIT) Manufacturing and Lean Manufacturing are two of the most popular business processes. Lean manufacturing places a focus on customer value across all departments including manufacturing, production, marketing, and distribution.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 52

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. 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.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

DELMIA Quintiq

MARCH 29, 2023

Going back 14 years ago, the logistics industry dramatically reduced capital expenditure in 2008 when the great recession hit. In fact, the outperforming logistics vendors today (based on profitability and revenue growth metrics) are the ones that were extra cautious on capital expenditure in the years following the recession.

Logistics Network Optimization Software 156

Logistics Network Optimization Software Supply Chain Planning Software Optimization Software Demand Planning Software 156

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Arkieva

JANUARY 20, 2017

Are you using lean in your logistics and transportation management? Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking. The goal in Lean Transportation is to use the ‘Eight (8) Right’s: Right Materials. Right Quantity. Right time.

Optimal Sourcing 60

Optimal Sourcing Waste Reduction Agile and Lean Supply Chain Inventory Reduction 60

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. The impact of the elongation of payables on receivables varies by industry, but on average across the industries increased eighteen days when comparing the past five years to the pre-recession years.

Optimal Sourcing 232

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 232

synchrono

AUGUST 22, 2016

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. This got me thinking.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Unleashed

OCTOBER 31, 2023

Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Manufacturers can leverage this to attract, hire, and keep the best people in their industry while establishing a reputation as a preferred place to work. Leveraging Industry 4.0

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

The Logistics of Logistics

JULY 19, 2023

Industries included manufacturers, retailers, automotive, food & beverage, CPG and healthcare shippers. Coyote is committed to providing a better service experience in the transportation industry, raising the standards for service metrics and customer satisfaction. 81% were from the U.S., and 19% were from Canada.

3PL 142

3PL Trends Third Party Logistics Milwaukee 142

Logistics Viewpoints

OCTOBER 26, 2023

So why are so many still falling short of OTIF targets (and other key metrics)? What’s more, today’s supply chains operate at lean levels. He founded FourKites in 2014 after recognizing pain points in the logistics industry and designing elegant and effective systems to address them. He lives in Chicago.

Supply Chain Planning Software 200

Supply Chain Planning Software Real-time Visibility Supply Chain Design Software Supply Chain Planning 200

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. Cash-to-cash is a compound metric. We see this in industry after industry.

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 171

QAD

JULY 23, 2020

Benchmarking is common practice across many different industries. According to Business Benefits Group (BBG) , benchmarking in business is a way of comparing best industry practices against your organization’s processes to identify performance gaps and achieve a competitive advantage. What is Benchmarking and Why is it Important?

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. About this, our client would like to understand what is the best practice followed in the industry for open book contracts. Customer metrics. 3PL Answer 1.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

QAD

JULY 23, 2020

Benchmarking is common practice across many different industries. According to Business Benefits Group (BBG) , benchmarking in business is a way of comparing best industry practices against your organization’s processes to identify performance gaps and achieve a competitive advantage. What is Benchmarking and Why is it Important?

Benchmarking 128

Benchmarking Metrics Manufacturing Six Sigma 128

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. Days Inventory Outstanding (DIO) is a liquidity metric which measures the average number of days inventory is held in a business before it is sold. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

BlueYonder

NOVEMBER 30, 2012

At a recent industry conference, I asked my 80-plus audience to raise their hands if they were “OK” with the current status of their performance measurement governance practices – including Metrics Identification, Measuring, Tracking, and Controlling. In this case, from a Lean perspective, it is a waste of time and money.

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Lean Government Waste Reduction 51

Supply Chain Shaman

JUNE 26, 2017

Amazon’s because of their breath in physical and digital supply chain, innovation in material handling, transportation, etc and their vision completely disrupting the industry. As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. ” The answer will be “Yes!

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

The Logistics of Logistics

FEBRUARY 1, 2021

Ali comes from a deep academic and real-world industrial operations in process simulations and operations management. At Schlumberger, he became one of the youngest Geomarket Production Services, pioneering 3 projects and serving 50+ industrial clients. At ThroughPut.ai

Supply Chain Design Software 189

Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Optimization 189

Unleashed

APRIL 10, 2023

Process improvement techniques like lean manufacturing and Kanban help businesses achieve optimal business health. In addition to the Six Sigma concept is Lean Six Sigma. It uses a combination of Six Sigma and Lean Manufacturing tactics and is more of a team-focused, managerial approach.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Supply Chain Opz

JANUARY 3, 2022

It also gets very positive endorsements from supply chain industry experts. He also co-authored 5 logistics and supply chain books and supervised many six sigma and lean projects. Chapter 2 will introduce you to the on-time, in full metric. Prior knowledge of lean manufacturing is required. He has an MBA from UCLA.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Supply Chain Game Changer

AUGUST 30, 2021

It is about a research study undertaken by MIT students over a period of five years on the concept of lean production in the automobile industry, using Toyota as an example. Toyota overtook General Motors, the largest automaker in the world, twenty years after the book was published. The Fear Index. Supply Chain Management for Dummies.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

QAD

MARCH 9, 2023

Continual disruption is now the new normal, and it’s weighing on profitability and making it difficult for many companies to maintain lean, agile operations. Manufacturers had the flexibility to search for the lowest possible cost unit and could afford to run lean supply chains. That means looking at the right metrics.

Agile and Lean Supply Chain 93

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

The Logistics of Logistics

JANUARY 20, 2013

Every industry seems to have its silver bullet for creating improvement. My particular improvement soapbox is Lean Management with some Six Sigma thrown in for good measure. My particular improvement soapbox is Lean Management with some Six Sigma thrown in for good measure. Believe it or not Toyota DIDN’T invent Lean.

Six Sigma 131

Six Sigma Agile and Lean Supply Chain Lean Logistics Network Optimization Software 131

SCMDOJO

APRIL 29, 2024

In this comprehensive guide, we’ll explore the key components of supply chain management, best practices, and how they can be tailored to specific industries. Efficient production processes, quality control measures, and lean manufacturing techniques are crucial for optimizing productivity and minimizing waste.

Supply Chain Planning Software 63

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 63

SCMDOJO

MARCH 19, 2024

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Analyze performance metrics and implement improvements to enhance efficiency. Supply Chain Director Set strategic goals and objectives for the supply chain department.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. It’s important to note that the benefits of lead time reduction can vary based on the specific industry, product type, and the overall supply chain strategy of the business.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

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. Chargebacks.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

NC State SCRC

NOVEMBER 2, 2023

” Howard worked in a number of industries in the next few years: in defense for Sikorsky, air conditioning (Carrier) at United Technologies where he learned how to combine spending across multiple companies and leverage that spend, hospitality at Intercontinental, and IT procurement at Citrix. I’ve never seen a culture like that!

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Shaman

JUNE 29, 2014

While discrete industries are good at the management of cycles, and process industries are good at the design of flows, as companies worked on Lean programs for value-stream analysis, they found that it was about the design of flows and cycles together. I smiled as I began to present the story of the “Metrics that Matter.”

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Supply Chain Shaman

JUNE 15, 2018

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. An orbit chart is the linking of data across years at the intersection of two metrics. improvements. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Logistics Viewpoints

FEBRUARY 3, 2022

JIT is a comprehensive philosophy designed to reduce defects, improve quality, and increase customer satisfaction, supported by practices like minimizing inventory to be as “lean” as possible. As MIT professor Yossi Sheffi has argued , less inventory in the system makes a company more flexible, actually building resilience. on-time delivery).

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

Unleashed

APRIL 29, 2024

For example, the construction industry will use work in progress when building a house. Once you’ve got your figures the metrics above, you can calculate your WIP inventory value using the WIP inventory formula. Keeping track of work in process is critical for financial reporting.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

ThroughPut

NOVEMBER 12, 2020

Lean warehousing. Usually this is done by applying the 5S system of lean, which are Sort, Straighten, Shine, Standardize, and Sustain, to the processes and procedures of the warehouse. Lean warehousing is a holistic concept aimed at tackling improvement opportunities across the supply value chain. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52