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 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 22, 2022

For more on the building of the planning master data layer, reference the ASCM presentation from last week.) Using better math to build an inventory plan for raw materials is a good idea. Procurement/Buyers Workbench. The problem is that DDMRP assumes that the order is a good proxy for demand. As a result, DDMRP is a fad.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Precoro

SEPTEMBER 2, 2022

However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. It pays off to develop a procurement strategy, hire a team of professionals, and acquire necessary technologies early on. Being prepared allows for efficient and timely execution of procurement functions.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. In our monthly webinar last Wednesday, I presented these results. Recently, I was presenting to a supply chain team in Europe.

Supply Chain Planning Software 311

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

ThroughPut

OCTOBER 16, 2022

Inventory Optimization to Unlock Supply Chain Efficiencies with Cost Reduction. A recent survey shows that 40% of the supply chain industry is already optimizing its inventory and networking tools by adopting advanced technologies and this percentage is said to grow in the next five years. INVENTORY STRATEGY. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. You will also understand their notable benefits to the inventory management discipline. 10 Invaluable KPIs to Track Inventory Management Performance. 1: Inventory Turns. million)/2 = 6.76.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Logistics Viewpoints

JANUARY 23, 2024

The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. Infor is able to use its visibility application to dynamically update ETAs and look at the impact on inventory.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

JULY 12, 2022

Growth agendas with the spiraling demand require cash, supplier shortages necessitate the shortening of payables, and the longer/more variable transport lead times decrease inventory turns increasing the need for cash. While fortuitous at present, it is a good time to reflect on lessons learned. The answer? The how is tricky.

Supply and Demand 217

Supply and Demand Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 217

Supply Chain Management and Analytics

APRIL 28, 2021

I was excited to place the order right away so my present would arrive in time for Mother’s day. Why should we consider Promotion Management in Inventory Management? Retail companies, whether it be e-commerce, brick-and-mortar, or both, care about the inventory they keep. To my delight, I found one that was on promotion.

Inventory Management Software 52

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

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

AUGUST 12, 2020

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. During the presentation, I squirmed uncomfortably in my seat. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. Figure 1. The result? The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

JULY 13, 2023

My first digital supply chain presentation was in Milan at an SAP Insider conference in 2012.) The high cost of inflationary inventories and the need to work down post pandemic working capital is a driver for companies to better use network data. Traditional planning taxonomies focus on the optimization of functional metrics.

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Modeling Supply Chain Planning 326

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. You’ll also learn about supply chain management and the various stages of the procurement process.

Supply Chain Design Software 113

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

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. Another operational cost center present in virtually every kind of modern company is the IT department.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Create a purchasing process.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

Manufacturing Procurement 124

Manufacturing Procurement Procurement Conference North America 124

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Time horizon.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Supply Chain Game Changer

DECEMBER 3, 2019

Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. There was no mentorship given to promote the team and raise visibility to inventory.

Inventory Reduction 56

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 56

ToolsGroup

OCTOBER 4, 2016

It sounded a bit futuristic until two early adopter presenters stepped to the podium and described just how far they had already come. In a presentation about Costa Express , Chris Clowes described how just one planner handles the planning for 5600 points of sale. Streams of data will be pooled, and analytics will make sense of it.

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Aligned Metrics. Can you help us with what you see in the data?”

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. Inventory levels. Get OUR EBOOKS HERE. MOQs and Tiered pricing.

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation. I also believed that this company would have the best inventory and customer service.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Taulia

JUNE 26, 2023

By focusing on improving their supply chain processes, businesses can improve product quality, avoid inventory shortages or oversupply, increase customer satisfaction, protect against supply chain risks, and reduce costs. Then, move on to build your supply chain to suit those metrics.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52

GlobalTranz

DECEMBER 27, 2017

This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Download: The Impact of Big Data in the Supply Chain & Transportation Management Industry Webinar Replay, Transcript & Presentation. The Many Types of Inventory Management Technology.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Over the course of the last decade, I have carefully recorded and reported presentation after presentation from conference after conference and interview after interview with supply chain leaders.

Inventory Reduction 261

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 261

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. This is effectively a “snapshot” in time. and “What is the potential return on investment?”

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 254

QAD

FEBRUARY 15, 2023

Supply chain conversations have shifted from the boardroom to the dining room, (where delayed shipments for birthday presents causes nail biting family anguish) as these disruptions impact our daily lives. A great plan must be executed against, and include financial metrics.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52