ToolsGroup

NOVEMBER 2, 2020

The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.” Ultimately, they were able to increase their statistical forecast accuracy by 3.2% (KPI: WMAPE) within six months of the French pilot project’s beginning.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Inventory Turnover (Cash). Procurement Cost.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Logistics Viewpoints

DECEMBER 5, 2022

The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. Molex has more than 80 manufacturing facilities around the world supported by an 18,000 strong supplier eco-system that provide raw materials, electronic components, and services. The Molex Supply Chain.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. What are some examples of Supply Chain Analytics?

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Professionals in this field often find themselves venturing into manufacturing, IT, technology, ERP systems, and even commercial roles.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 72

crisp

DECEMBER 15, 2021

A good KPI to track for this goal might be a low out of stock (OOS) rate. But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. Once you’ve set your strategy and KPIs, it’s time to use process mapping to define the steps that will help you achieve those goals.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI? Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

ShipBob

FEBRUARY 25, 2022

OTIF or On-Time In-Full is a KPI used for measuring how many orders were delivered on time and in full. This metric is mainly used as a delivery KPI, although it can also be applied throughout the supply chain. High stockout costs combined with low OTIF scores can also help to pinpoint the source. What is OTIF?

Optimal Sourcing 52

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

DynaSys

MARCH 17, 2020

When we left our account of mid-market manufacturer Superior Thermodynamics (ST), the company was weathering a tremendous escalation of the US-China trade war and faced the following questions: . How can ST maintain service levels and therefore retain accounts? How can ST maintain necessary cash flow? Scenario Planning: Absolutely Critical.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Analytics Software 93

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. Other areas to consider measuring as it relates to transportation: Managing inventory.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Machine KPIs.

Optimal Sourcing 115

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 115

GlobalTranz

JULY 7, 2015

This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. However, technology can be used to turn what seemed as losses into standby sources of revenue. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 114

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 114

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. Many industries try to imitate Dell''s success.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

RFgen

AUGUST 12, 2020

This has become even more apparent as manufacturers and warehouses adjust to irregular surges in demand with significantly disrupted supply chains caused by COVID-19. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 55

Supply Chain Software Beverage Food Supply Chain Design Software 55

RFgen

AUGUST 12, 2020

This has become even more apparent as manufacturers and warehouses adjust to irregular surges in demand with significantly disrupted supply chains caused by COVID-19. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 52

Supply Chain Software Beverage Food Supply Chain Design Software 52

Unleashed

JANUARY 10, 2023

Supply chain planning is the process of optimising the delivery of goods and services from manufacturer to consumer. That’s why you need to ensure you’ve got systems in place to collect key data relating to purchasing, logistics, inventory, and sales. And it all starts here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

BlueYonder

APRIL 16, 2015

In Part II , we saw how seeking inspiration from retailers can help manufacturing companies to embrace customer-centricity. And in Part III we looked at three critical capabilities manufacturers needed to adopt in this digital era: demand sensing and shaping, differentiated delivery models and the ability to de-prioritize demand.

Sourcing Strategies 40

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Modeling 40

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 220

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 220

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

DELMIA Quintiq

SEPTEMBER 16, 2021

Meeting these objectives, on top of addressing existing industry challenges, requires steel manufacturing companies to become more efficient and flexible in their operations—and this means optimizing their master production schedules. As your steel manufacturing operations transform, so too will the complexity of your planning needs.

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

NC State SCRC

JUNE 27, 2017

They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). However, I’d like to suggest that different KPI’s could be applied in different situations. > Inventory levels. > > Manufacturing cost as % revenue. > > Manufacturing cost as % revenue. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Requis

JANUARY 9, 2020

Digital twins promise more accurate and effective KPI reporting and have the potential to dramatically alter how businesses plan and adapt to change. Effectively, the supply chain is the business; it connects everything from customer demand through raw materials and manufacturing to fulfillment. trillion counterfeit market ($2.3

Supply Chain Planning Software 52

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

Precoro

OCTOBER 10, 2022

In addition to the benefits mentioned above, here are some more reasons why you need procurement KPIs : Reduce supply risks and prevent maverick spending. Optimize organizational spending, time, and sourcing of goods or services. Procurement KPI Categories. Inventory KPIs: Inventory Aging, Inventory Turnover Ratio.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Silvon Software

APRIL 11, 2024

Here we outline a blueprint for developing an effective data analytics strategy, beginning with the careful selection and assessment of Key Performance Indicators (KPIs), the adoption of a centralized data hub to streamline data management, and a thoughtful, gradual expansion of data capabilities tailored to the organization’s strategic needs.

Predictive Analytics 92

Predictive Analytics Analytics Software Analytics Sourcing Strategies 92

6 River Systems

FEBRUARY 22, 2019

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system. Once the method is working, standardize it. Robin Schwartz, PHR.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

SCMDOJO

JANUARY 17, 2024

A myriad of professionals within the field ensures timely deliveries from suppliers and orchestrates manufacturing processes to meet your requirements, contributing to a rewarding career path in supply chain management. They are in charge of purchasing, procurement, and sourcing. A capacity planner optimizes production capacity.

Negotiating Skills 71

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 71

Silvon Software

APRIL 1, 2024

Systems like ERP are at the heart of this data deluge, tracking everything from sales and financials to manufacturing and supply chain operations. Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub. Do I have enough warehouse capacity and resources?

Procurement Analytics 59

Procurement Analytics Analytics Software Predictive Analytics Analytics 59

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. It helps establish a KPI framework on cost, quality, and on-time performance of the suppliers. Real-time data and analytics. Reporting in real-time is made feasible via automation.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Unleashed

JUNE 8, 2020

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020. KPIs are real-time and comparative.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

Logistics Bureau

NOVEMBER 27, 2016

For example, by 2020, Unilever expects to sustainably source 100% of its raw materials, even those used for packaging. The measurements however, are just a means to an end , with the KPI-driven conversations being considered more important than the actual metrics. So what can we learn from the example of Vendor Flex by Amazon?

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40