Logility

MARCH 12, 2021

Forecasting and demand planning can be a challenge because they require a significant amount of quantitative analysis and subjective management judgment. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.) Here’s where they help. But that’s reactive.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric. Reflections. Tonight I am in Frankfurt.

Optimal Sourcing 171

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

Supply Chain Shaman

JULY 22, 2019

Over the last month, I have been working on the 2019 Supply Chains to Admire analysis. The source data for the analysis comes from Ycharts.). It is not as simple as trading-off inventory, cost, and customer service. We selected these metrics based on correlation work with Arizona State University in 2012.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 253

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. We complete the analysis each year. In this analysis, patterns matter.

Case Study 261

Case Study Inventory Reduction Agile and Lean Supply Chain Study 261

Supply Chain Shaman

MAY 22, 2013

The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

Gartner 253

Gartner Pharmaceutical Supply Chain Chemicals 253

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Logility: Supply Chain Planning & Optimization Logility assists global businesses with complex supply chains in sensing and responding to fluctuating market conditions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

RFgen

APRIL 18, 2023

Overhead swells in direct proportion to misships, adding greater expense for return shipping fees, overnight and same-day ordering, wasted inventory, chargebacks , wages, and loss of customers. Both help assure that packages are correctly labeled and addressed. Both help assure that packages are correctly labeled and addressed.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

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. Bernstein & Co., Supply Chain Design.

Optimal Sourcing 303

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 303

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 91

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. Companies balance supply chain metrics better in good times than bad.

Inventory Reduction 157

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 157

Locus

NOVEMBER 28, 2023

Shipping the wrong product can be fixed by optimizing the package sorting process. It is vital that shippers optimize the below metric to success in their overall growth. Auto Sorting Packages : Manually checking the packages ,addresses, and then assigning them to a compatible vehicle is a tiring task to say the least.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

BR Williams Supply Chain Management

MARCH 31, 2022

This helpful software and a team who can implement it for you can quickly scale your business without expensive investments or unrealistic standards, from transparent inventory control and management to customer service tracking and company productivity reports. Inventory Visibility. What is a warehouse management system?

Cost Reduction Strategies 98

Cost Reduction Strategies Supply Chain Planning Software Material Savings Waste Reduction 98

SupplyPike

JULY 2, 2020

CEOs of successful consumer packaged goods (CPG) companies know they need to make clear-cut decisions in order to be true business leaders. With a primary focus on data, CPG brands can turn what they have compiled, into useful information through analysis and detecting patterns observed. Phantom Inventory Tracker. Sales Data.

Analytics Software 98

Analytics Software Analytics Forecasting Software Supply Chain Planning Software 98

Logistics Viewpoints

JULY 19, 2021

They produce a wide range of products for the automotive, construction, engineering, and packaging industries. But then executives may ask for higher sales or margins, or lower stock if key financial metrics are not being met. Finally, after collaboration and further analysis, the annual plan is agreed to.

Supply Chain Planning Software 264

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 264

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

FEBRUARY 13, 2013

Consumer packaged goods (CPG), food and chemical manufacturers are stuck and pharmaceutical and industrial companies are losing ground and moving backwards. The analysis is tough. As I wrote and pushed forward these ideas, I was challenged by Mark Vollrath, of the Colgate team, on the analysis that I was doing. They are not.

Pharmaceutical 231

Pharmaceutical Inventory Reduction Cost Reduction Strategies United States 231

Supply Chain Shaman

MARCH 19, 2014

Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. Resiliency is the pattern at the intersection of operating margin and inventory turns. “Ugh,” I said.

Gartner 316

Gartner Supply Chain Planning Software Supply Chain Strategy Supply Chain Software 316

ToolsGroup

SEPTEMBER 20, 2022

This data is critical for conducting failure mode and effect analysis (FMEA). Optimize spare part inventories. They can also perform multiple operations like sorting and packaging. Here’s what Nick Wilson, Senior Inventory Planner, Parts Operations at Aston Martin has to say. Minimize production losses and defects.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Loop Supply Systems

JULY 21, 2016

Eliminating Your Excess Inventory. Excess inventory is experienced by nearly every manufacturer – and it’s a big problem. Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). COST OF EXCESS INVENTORY. Now think about all of your inventory. ROOT CAUSES. Poor safety stock calculations.

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. Such decisions can relate to either maximizing inventory or product demand fulfillment, minimizing changeovers or inventory consumption.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A meta-analysis showed that open returns policies tended to result in higher sales, not higher returns.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Synovos

OCTOBER 30, 2023

In one case, a long-time packaging manufacturer changed its reporting structure, putting in place a new manager responsible for the MRO supply chain. After making one-time adjustments to clear inventory that no longer exists from the ERP system, RS Integrated Supply consistently achieved the target 98%.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). Based on the analysis of supply chain improvement (as measured by the Supply Chain Index ) and supply chain performance, we ranked the supply chain leaders by industry.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. M in savings.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Unleashed

FEBRUARY 4, 2024

For retailers, inventory is more than just a list of products: It’s also the mainstay of your retail operations, the source of your revenue, and the foundation of customer satisfaction. Retail inventory management is therefore the key to managing inventory costs and movements effectively. What is retail inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Unleashed

OCTOBER 31, 2023

Based on the analysis of your current workforce, ascertain what your future staffing needs will be. The three key areas where you can implement WFO in your manufacturing activities are: Production Inventory Scheduling Let’s look at a few ways you can optimise these processes. Determine your future business needs.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. What have you learned?

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Supply Chain Shaman

AUGUST 5, 2015

This analysis helps us to see the trends It is a study of year-over-year progress. Overall Results on the Supply Chain Metrics That Matter. These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. It is seldom a step change. How Have They Done?

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. ” They go on to report, “A recent Deloitte analysis of the top 52 U.S. … Transactional data is generated by online and offline transactions and records.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Logility

JANUARY 22, 2014

These goals have been supported by more channel-specific offerings and packaging and by increasing product options and selections. Could there be a connection between the use of spreadsheets and the lack of visibility, poor promotional performance, and growing inventory levels for some companies? I think so.

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

ShipBob

DECEMBER 23, 2021

Every step of the fulfillment process — including warehouse operations, inventory planning and tracking, quality control, staffing, procedural development, picking, packaging, and shipping — falls under the purview of this role. Experience in analyzing metrics and data-driven decision-making. Distribute inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Optimization Software Logistics Network Optimization Software 52

Logistics Viewpoints

APRIL 14, 2023

Yum Brands – parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill – recently announced a new packaging policy prioritizing more sustainable options. In a blog post, Yum noted it is transitioning away from plastics and developing new packaging solutions as part of that policy. And now on to this week’s logistics news.

Logistics Network Optimization Software 206

Logistics Network Optimization Software Cost Reduction Strategies San Francisco Price Reduction 206