Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. It can also highlight the future financial risks for the business.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Logistics Bureau

OCTOBER 20, 2021

“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

ShipBob

NOVEMBER 6, 2023

Cutoff analysis Cutoff analysis is when you pause operations such as receiving and shipping at the time of the physical count to ensure nothing is being handled and goes unaccounted for. ABC analysis helps you understand how to manage inventory and make informed decisions about what items to restock.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

SCMDOJO

APRIL 15, 2022

Their role is to provide an in-depth analysis of strategies that will work best for the company and its supply chain process. For example, to be successful in business, it is essential to have a detailed plan and standard operating procedure for how you want your products to be manufactured, rolled out into the marketplace, and sold.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Strategy Supply Chain Software Supply Chain Optimization 133

Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

QAD

JULY 7, 2022

Supply chain due diligence is a critical topic for manufacturers and enterprises in all industries, especially given three major impacts of recent high-profile abuse cases, new due diligence laws and consumer buying trends. . A 2020 KPMG analysis found that: 96% of the world’s biggest 250 companies produce an annual sustainability report.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 97

Silvon Software

MAY 21, 2024

Performance tracking using metrics and KPIs can often be perplexing for many organizations. Operational metrics, on the other hand, measure the progress of various actions implemented to achieve those goals over a shorter timeframe. This can help identify areas of overspending and where the business outperformed expectations.

Manufacturing 52

Manufacturing Inventory Reduction KPI Expense Reduction 52

SCMDOJO

APRIL 11, 2023

Pros: Utilizes a hands-on approach with simulated problem-solving and team collaboration Offers a self-assessment document to assess your own S&OP process Keep track of how well you’re doing while you complete the learning goals. The information is presented in a simple and understandable way.

Supply Chain Design Software 114

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 114

Enterra Insights

MARCH 28, 2019

Even when companies have been generally successful in reducing the number of imperfectly fulfilled orders, the high cost of the very small percentage of orders that aren’t filled completely, on time, damage-free and with all proper documentation and invoicing remains a vexing problem.”[1] Comprehensive designs use sophisticated models.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Design Software Modeling Supply Chain Network Software 100

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. Their supply chains are not improving corporate performance. They quickly acknowledge that they are stuck.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Precoro

FEBRUARY 27, 2023

The answer is simple: spend analysis. Read on to learn all you need to know about the definition, benefits, types, steps of implementation, and success tips for spend analysis. What Is the Spend Analysis Process? What Is the Spend Analysis Process? Informed means armed! Many factors may be used for conducting comparisons.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

JUNE 18, 2015

In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. In contrast, in the process industries, the supply chain organization reported to manufacturing. How can we move forward if we cannot align? At a principle level, everyone agrees with the concepts. The goal was efficiency.

Sourcing Strategies 150

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 150

IQMS

SEPTEMBER 21, 2020

Bottom Line: A Manufacturing Execution System can help manufacturers improve production accuracy and gain greater control and visibility across shop floors, leading to improving speed and scale of manufacturing operations. . How MES Delivers Value To Manufacturers.

Optimization Software 111

Optimization Software Demand Planning Software System Manufacturing 111

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Why is Supply Chain Data Important for CPG Manufacturers? . Getting the most out of your organizations’ logistics data requires total investment in the value that leveraging metrics can provide.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We simplified our SC strategy and communicated in a straightforward, one-page document that laid out primary goal areas. Our In our program, cost avoidance, while desirable, does not count towards the metric. We named it the Supply Chain Index.

Case Study 287

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 287

Precoro

MARCH 31, 2023

Implementation of sustainable product design using energy-efficient components or manufacturing processes, renewable materials, or those that can be easily recycled or composted. Here are some ways in which spend analysis helps companies become more sustainable: Reduce waste by identifying duplicate orders and unnecessary spending.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

NC State SCRC

APRIL 3, 2019

The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries. The subcontract efforts feature the majority of military and part of commercial aviation, systems are outsourced by the overall airframe manufacturer, known as “primes” (Boeing, Airbus, Sikorski, etc.)

Aerospace 40

Aerospace Manufacturing Procurement Supply Chain Design Software Manufacturing 40

ivalua

JUNE 2, 2016

Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Embracing sustainability as a goal and metric that you scorecard suppliers on is a good place to start to get ready for this trend that will become a staple in how successful companies do business. Think of the brand Tom’s shoes.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Supply Chain Planning Software Predictive Analytics Software 100

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. About twice a month, companies ask me to review their strategy documents. Less than 10% of manufacturing companies are effectively using cost-to-serve analysis. Cost-t0-Serve Analysis .

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Supply Chain Shaman

MAY 22, 2015

IBM is good at manufacturing terms that we both hate and love. While the manufacturing clients that I work with have strong IT relationships with SAP, and HANA is more and more a discussion, I think that we are missing several basic discussions. Do not force teams to do documented phased process flows and a definitive ROI.

Supply Chain Planning Software 150

Supply Chain Planning Software Analytics Software Modeling Software Supply Chain Software 150

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

Zipline Logistics

APRIL 20, 2020

An effective supply chain strategy that controls costs is crucial because margins for ingredient manufacturers are typically thin. Pragmatic analysis can uncover opportunities to make improvements that can help control inventory and manage costs. Your network should be comprised to accommodate orders to valuable customers.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

Logility

AUGUST 5, 2021

IBP is long-range strategic business planning that combines volumetric and financial data into a single, highly visual, comprehensive planning platform that delivers greater global visibility, more powerful multi-scenario analysis over longer planning horizons, tighter collaborative workflows, and a wider spectrum of alerts.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Without great relationships with those carriers we would be unable to serve our shipper customers in the best way possible.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Supply Chain Trend

DECEMBER 22, 2023

A lot of good decision practices go back to the pioneering paper; Decision Analysis: Applied Decision Theory from Ron Howard in 1966. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. However, for a manufacturer a price or promotional change might first need to be aligned with the customer.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Arena Solutions

JUNE 5, 2023

Christine is a Customer Success Coach with Arena and has over 30 years of experience in industrial medical aerospace, food service, and startup environments, responsible for both manufacturing and quality. Now, they’re going to ask you for your quality documents, your manual, your policy, your org chart, procedures. Next slide, please.

Quality 52

Quality Supply Chain Design Software Supply Chain Planning Software Analytics Software 52

Supply Chain Shaman

NOVEMBER 22, 2015

” Examples are lead times, minimum order quantities, type of delivery service, return policies, and ASN documentation. A contract manufacturer shares discount pricing based on forecast accuracy of the customer. 4) Implement Cost-to-Serve Analysis to Drive Actionable Results. What is cost to serve analysis?

Supply Chain Design Software 135

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 135

NC State SCRC

JANUARY 18, 2018

Lenovo Blockchain Analysis Part 2. The students will review and document the current geography allocation process for Surplus/excess, Overage and Unconsumed Purchase parts inventory (SOUP). MUFG Union Bank Strategic Performance Metrics. Lenovo Excess and Obsolete Inventory. Premier Category Calendar.

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

QAD

JUNE 9, 2022

With KPIs , it’s better to focus on a few high impact metrics rather than using every one of them included with the company’s business systems. Does labor efficiency matter to an asset intensive manufacturer? On the other hand, labor efficiency may be crucial to a job shop or a manufacturer with many hands-on processes.

Analytics Software 88

Analytics Software Demand Planning Software Quality Tools 88

NC State SCRC

FEBRUARY 28, 2018

I had the privilege of facilitating and witnessing first hand a great example of what a true strategic partnership looks like recently, when a large pharmaceutical brand met with a large global Contract Drug Manufacturing Organization (CDMO) at their site. Teams will identify metrics associated with cost drivers, (e.g.

Pharmaceutical 40

Pharmaceutical Forecasting Supply Chain Planning Software Forecasting Software 40

Elementum

MAY 1, 2018

Another method of evaluating risk is by conducting a SWOT analysis that indexes potential disruptions based on severity, allowing for the compartmentalization and prioritization of different functions within your operation so that the most essential ones can carry on with limited interruption. Tips for an Effective Contingency Plan.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Unleashed

JANUARY 10, 2023

Supply chain planning is the process of optimising the delivery of goods and services from manufacturer to consumer. Either way, the first thing you should do is establish metrics and KPIs. And it all starts here. In this supply chain planning guide: What is supply chain planning?

Supply Chain Planning Software 52

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

Elementum

MAY 1, 2018

Another method of evaluating risk is by conducting a SWOT analysis that indexes potential disruptions based on severity, allowing for the compartmentalization and prioritization of different functions within your operation so that the most essential ones can carry on with limited interruption. Tips for an Effective Contingency Plan.

Pharmaceutical 60

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 60

ThroughPut

MARCH 11, 2024

What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software? from 2019 to 2026.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

TrackVia

AUGUST 17, 2023

Regulatory Compliance: In certain industries, regulatory compliance requires accurate documentation of assets. Maintenance Schedule: The inventory system includes a maintenance schedule based on manufacturer recommendations and usage patterns. This can include metrics like temperature, vibration, energy consumption, and more.

Asset Management 98

Asset Management Analytics Software Predictive Analytics Software Optimization Software 98

RFgen

JANUARY 23, 2023

ALSO READ: Equipment manufacturer replaces old tech with fast mobile barcoding » Some of the most common problems businesses face with outdated inventory management systems: Lack of inventory visibility. Can you ensure that rules are being followed for control models like EOQ, IPQ, and ABC Analysis? A modern solution is crucial.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Modeling Software 52