ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logility

APRIL 23, 2020

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Answering the questions that the business has may require gathering additional data, purchasing data from third parties, or reformatting existing data sources. One may ask, “What’s next?”

Forecasting 148

Forecasting Forecasting Software How To Procurement Analytics 148

ThroughPut

DECEMBER 6, 2023

Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.” What Is Predictive Analytics for Supply Chain?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Intelligent Audit

MARCH 23, 2021

More than one source of data and analytics is needed to get the most precise possible picture of supply chain spending and operational costs. Monitoring expenses and shipping costs via their APIs helps streamline shipping analytics and sharing as those systems exchange data automatically. Use KPIs to Track Performance Over Time.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics.

Supply Chain Planning Software 391

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 391

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? How do we get buy-in around the organization? Each requires its own portfolio of metrics.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

OptiProERP

APRIL 9, 2024

Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Image source : McKinsey & Company Technology for Tracking Tracking the Q2C process requires robust functionality.

Optimal Sourcing 52

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

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. The question was on “how to improve performance.”

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

GlobalTranz

NOVEMBER 30, 2021

Let’s take a closer look at how to turn these practices into action. When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Forecast Demand?with?Analytics.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

ShipBob

FEBRUARY 3, 2023

But how do you know if all that hard work is paying off? By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. Why are retail metrics important? What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Talking Logistics

DECEMBER 5, 2017

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? How do we analyze it efficiently? How do we use it to our advantage? The Benefits of Managed Analytics.

Prescriptive Analytics Software 105

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 105

Intelligent Audit

OCTOBER 27, 2022

Far from a buzzword, big data analytics in logistics and supply chain management are helping companies gain insight into their current performance while optimizing future operations. Or in some cases, there are so many data sources and raw data it can feel overwhelming, leading to inaction and not getting the most out of the data.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Supply Chain Shaman

FEBRUARY 27, 2020

How do we harness the power of data with new forms of analytics? How do we slay the dragon and kill bad processes? Today, technology providers are selling analytics. And again, companies aren’t sure how to configure themselves to play profitably in there. In Figure 1, I show results from a recent S&OP study.

Analytics Software 243

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 243

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Logistics Viewpoints

JUNE 26, 2023

But how to do this was very ambiguous. The final goal was to develop end-to-end visibility based on leveraging data analytics. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logility

NOVEMBER 30, 2020

Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from a traditional, analog supply chain to a more digital supply chain. Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

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

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. Leaders invest in analytics and customer-centric innovation. Unlock the potential of new forms of analytics and educate teams.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

Logility

APRIL 29, 2021

Here’s how to get a handle on your supply chain to safeguard against unintended harm and brand risk. Do you know how your current compliance process is working? Vendor scorecards based on performance metrics help ensure better sourcing decisions when used to assess and compare vendors and assist with onboarding.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 203

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. Brands can now log into the analytics platforms to access live store and DC-level data that they can use to manually extrapolate insights.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Supply Chain Game Changer

SEPTEMBER 28, 2022

Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Here is a guide on how to get ready for redesigning your website , what factors to consider before doing it, and how to maximize the value of your update efforts. Why Think about Redesign?

Procurement Analytics 85

Procurement Analytics Supply Chain Design Software Optimal Sourcing Analytics Software 85

Elementum

FEBRUARY 7, 2024

Machine Learning (ML): The Backbone of Intelligent BPA ML is pivotal in advancing BPA by introducing predictive analytics and decision-making capabilities into automated processes. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting? Neglecting these can distort your forecast.

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. Inventory Management Efficiency This is an evaluation of how efficiently the purchasing team maintains the right level of inventory.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

QAD

JUNE 20, 2023

Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data. They can collect data on production processes, inventory levels, machine performance and other relevant metrics.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 88

Zipline Logistics

JULY 27, 2021

A strong holiday season is rolled into this prediction and is a source of substantial revenue for retailers and CPG shippers alike. Accurately tracking and evaluating transportation analytics is a critical component of managing your supply chain performance during peak season. percent and 13.5 percent to more than $4.44 Contact Us.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

ivalua

NOVEMBER 25, 2020

This list should include the business metrics that each procurement project impacts. Teach staff how to track changing business priorities. Although most Procurement teams report supply chain metrics on cost savings, less than 20% measure and report on their contributions to driving revenue. It’s critical to be vigilant.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

QAD

AUGUST 29, 2023

In this blog, we will discuss why it is important to collaborate with partners within your supply chain solution, what organizations need to focus on data collaboration, and how to achieve collaborative forecasting. This may include tools such as cloud-based platforms, predictive analytics, and machine learning algorithms.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Forecasting Software Forecasting 93

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. ShipBob’s analytics tool is really cool.

Agile and Lean Supply Chain 52

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

Supply Chain View from the Field

MAY 31, 2013

I’ve been leading a few calls for the International Institute of Analytics, as a faculty lead for the manufacturing group. We are preparing for the Chief Analytics Officer meeting coming up in Chicago in June. One of the issues that comes up is where the analytics function should reside – in IT or in the business function?

Analytics Software 74

Analytics Software Supply Chain Design Software Supply Chain Planning Software Analytics 74

crisp

DECEMBER 15, 2021

One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. How do you know what data points are a true signal, and what’s just noise?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

The Logistics & Supply Chain Management Society

MAY 28, 2022

To do so, one needs to look at the entire supply chain and pinpoint the weakest links, analysing how to improve on those weaknesses. This is achieved through advanced applications with embedded analytics and AI, spanning the end-to-end supply chain via seamless integration. Creating a more resilient supply chain.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Organizations can align to drive value despite the allegiance to functional metrics. I am shocked to see how the lack of governance–clarity on who and how to make decisions–derails well-intended processes.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logility

MARCH 21, 2023

This approach helps ensure both organizations have the visibility they need to know where risks reside, which opportunities should be seized, and how to course-correct if goals are not being met or exceeded. Such conditions may include discounts for early payments, quantity thresholds, or regularly scheduled delivery.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimal Sourcing Scenario Planning Supply Chain Planning 130

Supply Chain Shaman

JUNE 7, 2021

He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches. I would argue to John: no one knows how to drive a step-change in process improvement. Reflection. We Give to You.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198