Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Build inventory hedge to cover for volatility and risk (from Just in time to Just in Case) : Understand demand and supply side shocks, volatility and develop Inventory hedging strategies.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. 2020), Impact of Industry 4.0 – LogiSYM July 2020.

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Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. Executives look at high-level company metrics, while other departments such as Finance, Sales, and Operations work at a more analytical level.

Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. In times of growth, when companies are funding inventory builds, cash is needed. Inventory. Days of Inventory by Industry.

Sales Dashboards: 16 Metrics For Manufacturers

Silvon Software

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today. Today’s post focuses on Sales metrics only. Basic Sales Metrics. More Complex Sales Metrics.

Supply Chain Dashboards – Key Metrics For Manufacturers

Silvon Software

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. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics. Inventory Turns and Sales-to-Inventory Ratio.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization.

Replenishment 201: Monitoring Store-Level Inventory

SupplyPike

This month, we thought we’d dig in a little deeper and look into monitoring store-level inventory. Traited Not Valid: The item is on the modular but is not replenishing because the store manager might decide not to order the item for her store due to reasons like low sales, too many returns, too much inventory, etc. Instocks are an incredibly important metric to keep track of as well. Does the store have sufficient inventory to meet today’s forecasted demand?

Top Warehouse KPIs to Succeed in 2020

Veridian Solutions

Supply chain leaders that wish to remain proactive to risks of disruption and improve operations through 2020 and beyond need to understand the top warehouse KPIs and how they can mean the difference between success and failure. Let’s cover the top 10 warehouse KPIs for supply chain leaders and warehouse managers to succeed in 2020. Internal Operations—Inventory Turnover Ratio: The inventory turnover ratio allows companies to manage fluctuating inventory throughout the year.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. IMO 2020: The basics, the challenges, and how to lessen its impact on you. What is IMO 2020? Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020. Subscribe Here!

The Great Gap Year of 2020

Bristlecone

Today, with nearly two-thirds of the pandemic-hit 2020 over, there is now much anxiety and uncertainty about the coming year. I prefer to think: 2020 is only the beginning, the best is yet to come. I would like to define and remember the year 2020 as the Great Gap Year.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020. Challenges in Tracking Supply Chain Data in 2020. With the implementation of API- and web-connected supply chain systems, businesses can manage their inventory and follow up on stock movement more easily and automatically.

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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

9 More Warehouse Key Performance Indicators for 2020

Veridian Solutions

For instance, the cost of carrying inventory tells you how much you will spend (as a percentage) to hold and store your inventory annually. When you need to reduce your cost of carrying inventory, it’s important to reduce your inventory by eliminating obsolete, slow-moving, or dead stock inventory. . Internal Operations—Inventory Carrying Costs: Calculating inventory carrying costs is perhaps the most important metric of all.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance.

Supply Chain KPIs You’ll Want Every Morning

Logility

in inventory write-down and 20% drop in stock value. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Metrics. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory.

Speed up your eCommerce Business with Inventory Management Software

Vinculum

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success. Thus, inventory Management Software is really an essential tool for your business to gear itself up. What is Inventory Management System?

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. Inventory is the culmination of many business decisions. The Inventory Management Journey.

Understanding Supply Chain Management

SupplyPike

These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Replenishable Instock Percentage: Replenishable instock shows the percentage of stores that currently have inventory vs. stores that should have inventory. Learn about.

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10 Inventory Metrics You Need to Know Right Now

EMERGE App

You can with inventory metrics. Why should you care about inventory metrics ? We think these are the top 10 inventory metrics that you need to know right now. Top Ten Inventory Management Metrics. Inventory Turnover. Inventory Turnover = Cost of Goods Sold / Average Inventory. This is the number of times inventory is sold within a period of time, typically a year. Start by reducing your inventory.

Five Steps to Launch a Supplier Scorecard

Logility

3 Get the metrics right. Supplier metrics should be captured about monthly. Check out this white paper, Leveraging Inventory for Profitable Growth. Demand Planning Inventory Optimization Supply PlanningSupplier scorecards are globally accepted as a key tool for managing a more profitable supply chain. Key uses for a supplier scorecard include: Measuring performance and driving improvements. Justifying which suppliers to keep in your supplier base.

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Who Should Be In The Winner’s Circle?

Supply Chain Shaman

The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. Note that while the company drove improvement in margin, there is underperformance in inventory turns.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

2020 Requires Big Wings and Feet

Supply Chain Shaman

The fall ritual precedes the dropping of the ball on Times Square to ring in 2020. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments. It has been awhile.

Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

That means there are many companies out there struggling to make sense of constantly shifting demand data and to make smart inventory optimization decisions. There are all sorts of data to tap into, such as social sentiment, point-of-sale (POS), inventory, on-shelf availability and more.

DiManEx Contributes to Find the Business Case for Digital Spare Parts in VTT Study

DiManEx

Espoo, Finland, Wednesday, November 11, 2020 – DiManEx is proud to share new insights from VTT Technical Research Centre of Finland Ltd’s “ New Business from Digital Spare Parts ” (DIVALIITO). AM shortens lead times and allows for production in small batches, reducing inventory levels.

Say Customer Service and Mean It

Supply Chain Shaman

Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. During the fall, based on my work on Linkedin, I was awarded the Global Woman Supply Chain Leader Award for 2020 as the social media influencer.

BI in Manufacturing: 3 Realistic Steps to Data Mastery in 2020

Unleashed

2020 has been more volatile than anyone in 2019 could have imagined. To survive, manufacturers – with their long lead times, and vulnerable supply chains – must be laser-focused on the metrics that matter; able to respond rapidly as conditions change. Here are three realistic steps manufacturers can take for data mastery in 2020. KPIs versus metrics: Specific vs general. Reporting metrics answer more general questions about performance. Industry 4.0

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Transforming Supply Chains During the Pandemic and Beyond

Enterra Insights

As we try to put 2020 behind us, we need to grasp that it is a whole new game. He writes, “Demand-sensing capabilities improve forecast accuracy and cut inventory. “Collaboration is about bringing the right stakeholders together, in real-time, to evaluate alternative scenarios against your most important corporate metrics. 1] Shanton Wilcox, “ Three Paths to a Redesigned Supply Chain ,” Supply Chain Management Review, 19 August 2020. [2]

Warehouse Management Software – A Blueprint for Warehouse Excellence & Inventory Management

ThroughPut

A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. The Software is usually used alongside or integrated with a Transportation Management System or an Inventory Management System. Easy-to-follow metrics.

Warehouse Management Software – A Blueprint for Warehouse Excellence & Inventory Management

ThroughPut

A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. The Software is usually used alongside or integrated with a Transportation Management System or an Inventory Management System. Easy-to-follow metrics.

What does ‘on-time, in-full’ (OTIF) mean in the consumer sector?

PINC

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. With greater pressure on shorter cycles and less asset availability, getting good at inventory processes increased. In the supply chain, there are potential buffers—excess capacity in manufacturing work centers and inventory. The problem is that many teams have eliminated the asset buffer without redefining inventory strategies.