Logistics Viewpoints

APRIL 11, 2024

Supply chain orchestration enables seamless collaboration All this tinkering undoubtedly involves effort from across the supply chain, from sales to procurement to manufacturing to distribution and more. Historically these roles are siloed, focused on their own functional metrics.

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

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

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

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. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

IQMS

MAY 1, 2018

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. Quality Metrics Defining the Future of Manufacturing.

Manufacturing Procurement 56

Manufacturing Procurement Metrics Quality Predictive Analytics Software 56

NC State SCRC

DECEMBER 30, 2018

One of our newest SCRC partners, Siemens Building Technologies, recently shared their insights on creating an analytics strategy. This effort was led by the Chief Procurement Officer for Siemens BT, Carl Oberland, but has recently been rolled out across the global organization. What is digital governance and stewardship?

Procurement Analytics 60

Procurement Analytics Analytics Software Predictive Analytics Analytics 60

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

NC State SCRC

NOVEMBER 2, 2023

Lessons Learned from a Career in Procurement As part of our weekly Supply Chain Leadership, I interviewed Howard Richman, who I am co-authoring a new book with (“Procurement Confidential”). At Mars, procurement (commercial as it was called) was one of the most highly regarded of the professions.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

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

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. Some assets, known as liquid assets (e.g.,

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). This metric doesn’t just account for the cost of buying inventory. These two metrics can be calculated using their respective formulae. That means you must see a sufficient return on your inventory investment.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

ShipBob

AUGUST 30, 2021

Fortunately, modern supply chain technology is designed to help online brands optimize their supply chain through greater visibility, including access to advanced data and analytics. What are supply chain analytics? What is supply chain analytics software? What supply chain analytics can do for your business.

Prescriptive Analytics Software 52

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

Supply Chain Shaman

FEBRUARY 14, 2022

Organizations can align to drive value despite the allegiance to functional metrics. In my recent class, I asked the attendees to rate how the shift in paradigms of using new forms of analytics changed their ability to think about the use of data in S&OP. Industries carried on average 32 days more inventory in 2020 than in 2007. (I

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

DECEMBER 13, 2021

How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment? My goal in redefining electrons focuses on planning/insights, networks and the use of analytics.

Sourcing Strategies 195

Sourcing Strategies Cost Reduction Strategies Supply Chain Design Software Price Mitigation Strategies 195

Unleashed

APRIL 21, 2024

Order processing refers to both the physical and digital aspects of ensuring a customer’s order is fulfilled on time and accurately. Technology plays a significant role in streamlining the order-to-cash processing by providing real-time data and analytics to identify areas for improvement.

Inventory Management Software 52

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

ShipBob

DECEMBER 13, 2023

Inventory” can refer to finished goods as well as the materials used to make those goods, whereas “stock” refers solely to finished goods. These metrics provide valuable insights into how well your inventory is managed. Balanced supply and demand: Ensures stock levels meet customer demand without surplus.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Elementum

FEBRUARY 7, 2024

Defining Digital Process A digital process refers to methods that utilize digital technologies to enhance, automate, or otherwise improve business activities. Procurement: Automation streamlines procurement, from supplier selection to purchase order processing, improving speed, compliance, and cost efficiency through intelligent analysis.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Unleashed

OCTOBER 23, 2023

The main benefits of production planning include: Business-wide visibility: A production plan lays out all the manufacturing processes and required materials, including what you need to procure and what’s already available. Demand forecasting involves leveraging historical sales data and analytics to estimate future sales.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. They also are clear that the supply chain is defined outside-in based on the channel requirements and the underlying rhythms and cycles of fulfillment, manufacturing and procurement. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

Supply Chain View from the Field

APRIL 10, 2013

At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Data must be right.

Procurement 83

Procurement Material Savings San Francisco SAP 83

ToolsGroup

OCTOBER 4, 2016

More on this later, but to start, by driverless (whether referring to vehicles or supply chain planning) I don’t mean completely no touch at all times. Streams of data will be pooled, and analytics will make sense of it. Complete autonomy, for vehicles or for supply chains, is a ways off in almost any scenario.

Supply Chain Planning Software 254

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

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. Make sure you have an accurate idea of lead times in relation to your production and procurement processes. Let’s get into it. What is the upstream supply chain?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

SCMDOJO

MARCH 19, 2024

There are different approaches, and the topics might include the following: logistics transportation inventory management procurement sustainability regulations Remember, any content has to be of value to the target audience; therefore, the information it contains must be up to date and have special significance to be informative.

Supply Chain Visibility 76

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 76

Kinaxis

NOVEMBER 7, 2017

The best way to understand these tradeoffs is through multiple what-if simulations where you model the changes, score them against key corporate metrics and compare the results to drive to the best overall solution. For example, choosing the lowest cost supplier over one that provides better quality and delivery guarantees.

Supply Chain Planning Software 186

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 186

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

Material Handling & Logistics

DECEMBER 14, 2018

To extract its value, business leaders need analytical tools and sophisticated algorithms to refine raw data into insights that can drive better business decision-making. Mistrust of data and analytics tools is not just a supply chain and logistics issue. They also need to be confident that they can trust their data.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Supply Chain View from the Field

NOVEMBER 12, 2014

I was in Houston yesterday evening, speaking to a large group of procurement executives at a roundtable held by KPMG’s Procurement Advisory Group, at the fabulous Brennan’s restaurant on Smith Street. However, with the price of oil down in the $70′s, I did sense a bit of uneasiness in the air.

Procurement Analytics 102

Procurement Analytics Procurement Solutions El Paso Houston 102

Supply Chain Shaman

JUNE 21, 2016

The metrics reward functional thinking. The focus of APICS is manufacturing, CSCMP’s foundation is in logistics, and ISM serves the procurement organization. For reference, 52% of companies have a network design group, and 40% of these companies think that they do it well. The silo’d organization is insular.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Network Design Software Modeling 161

ShipBob

APRIL 8, 2022

That means you’re spending money to procure inventory that doesn’t get sold. SKU analysis is a great way to keep an eye on these important details so you don’t keep throwing away money on procuring and keeping unprofitable SKUs. This will help you cut costs on procuring and holding slow-moving items.

Analysis 52

Analysis Procurement Analytics Inventory Management Software Inventory Reduction 52

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Supply Chain Game Changer

JUNE 2, 2020

As an experienced business professional, he has served in diverse roles ranging from Marketing and Strategy, to Procurement and Supply Chain. Several articles and reference books have highlighted Joe’s procurement transformation accomplishments at Lucent Technologies, Juniper Networks, and in the area of Supply Chain Risk Management.

Sourcing Strategies 61

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 61

Unleashed

MARCH 31, 2021

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. Below is a breakdown of the different warehouse KPIs by type and what metrics to follow. Here are the essential metrics to track, so you can measure the effectiveness of your warehouse inventory management process. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis. Let's learn more about them.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Procurement fees : This covers the total cost to you of sourcing and purchasing your products from suppliers or manufacturers. Improved inventory accuracy.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

SCMDOJO

JULY 24, 2023

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. SLAs should cover key metrics such as on-time delivery, order accuracy, inventory accuracy, and customer service responsiveness.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Supply Chain Shaman

APRIL 17, 2013

The market shift is towards analytics, but this new market is confusing. Demand-driven concepts are expansive they extend from the customer’s customer to the supplier’s supplier, but the areas of sales and procurement are often very resistant to the demand-driven concepts. Build What-if Analytics. Why is this happening?

Supply Chain Design Software 257

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 257