The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial. Failure to establish Credit Terms or not confirming routing details could lead to unnecessary delays.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

RFgen

FEBRUARY 13, 2020

Fixed assets, comprised of high value, long-term use inventory, can cost $260,000 per hour in unplanned production downtime if mismanaged. Common enterprise asset management challenges include inaccurate data, lack of visibility, timeliness, costly downtime and inability to scale. Fixed assets may include: Vehicles.

Supply Chain Planning Software 55

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Optimization Software 55

RFgen

FEBRUARY 13, 2020

Fixed assets, comprised of high value, long-term use inventory, can cost $260,000 per hour in unplanned production downtime if mismanaged. Common enterprise asset management challenges include inaccurate data, lack of visibility, timeliness, costly downtime and inability to scale. Fixed assets may include: Vehicles.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Optimization Software 52

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

RFgen

FEBRUARY 7, 2019

In this article, we will explore how maintenance, repair and operations/overhaul (MRO) can benefit from digital transformation, including: Why you should digitize your MRO and enterprise asset management (EAM) practices. Managing the complexities of MRO is nothing short of challenging. EAM: The Challenge of Tracking Assets.

Supply Chain Planning Software 52

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

RFgen

OCTOBER 11, 2018

Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Slow-moving and obsolete inventory: These associated KPIs help MRO stakeholders pinpoint items in inventory that are rarely used or are no longer mechanically fit for installation.

Procurement Analytics 52

Procurement Analytics Metrics Optimization Software Procurement Solutions 52

RFgen

OCTOBER 11, 2018

Inventory accuracy: This metric measures the number of items listed as in-stock against the total found within spare part and raw material caches. Slow-moving and obsolete inventory: These associated KPIs help MRO stakeholders pinpoint items in inventory that are rarely used or are no longer mechanically fit for installation.

Procurement Analytics 52

Procurement Analytics Metrics Optimization Software Procurement Solutions 52

Logility

AUGUST 5, 2021

But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. Inventory-based KPIs probably make sense for you, but how will you benchmark results? That’s a trap.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Game Changer

MARCH 26, 2021

It can also assist in determining specific metrics that affect the business. The software simplifies administrative control, enabling managers to invest less time and resources on this effort through streamlining and delegation. Fleet Management Costs in Conclusion.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 98

Requis

NOVEMBER 11, 2019

Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition. But as we head into 2020, the pressure is increasing for supply chain managers to integrate new technologies. Book a Free Demo.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

Requis

NOVEMBER 11, 2019

Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition. But as we head into 2020, the pressure is increasing for supply chain managers to integrate new technologies. Book a Free Demo.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

IQMS

JULY 11, 2019

Asset Management, Supply Chain Management, and Inventory Management are the hottest areas of artificial intelligence, machine learning and IoT adoption in manufacturing today. Due to machine learning, overall inventory reductions of 20 to 50% are possible. PDF, no opt-in) McKinsey & Company.

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

TrackVia

AUGUST 29, 2023

Enter TrackVia—a modern solution designed to revolutionize the way businesses think about asset management. TrackVia’s platform allows for a level of customization previously unheard of in the industry, ensuring that businesses can create an asset management solution that’s just right for them.

Analytics Software 52

Analytics Software Predictive Analytics Software Modeling Software Optimization Software 52

TrackVia

AUGUST 29, 2023

However, traditional asset lifecycle management tools often come with limitations; they might be rigid, not scalable, or simply not tailored to cater to the specific needs of a particular business. Enter TrackVia—a modern solution designed to revolutionize the way businesses think about asset management.

Analytics Software 52

Analytics Software Predictive Analytics Software Modeling Software Optimization Software 52

Infosys Supply Chain Management

SEPTEMBER 30, 2015

My area of interest is the outsourcing of Enterprise asset management itself as a function. Today's organizations are outsourcing bits and parts of the maintenance scope, but we are talking about outsourcing asset management as a whole this would be a new high! EAM has wide range of scope viz.

Optimal Sourcing 20

Optimal Sourcing Modeling Software Manufacturing Procurement Resource Reduction 20

Supply Chain Network

MARCH 26, 2012

The result was improved flexibility of production, as well as better inventory and asset management. Coke’s main desires in terms of supply chain improvement included metrics with no manual intervention, industry standards that are not Coke specific and an even more vigorous system for reporting hierarchies.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Software Resource Reduction Supply Chain Strategy 97

TrackVia

AUGUST 15, 2023

In today’s fast-paced business environment, efficient asset management is crucial for organizations to maximize their resources, minimize operational risks, and enhance long-term sustainability. When running smoothly and efficiently, asset management can help decision makers predict and oversee the life cycle of an asset.

Asset Management 98

Asset Management Optimization Software Optimal Sourcing Predictive Analytics Software 98

QAD

APRIL 29, 2021

Management and the IT team wanted to add one solution; one tool that would deliver one version of the truth supporting company-wide processes, such as sales forecasting and planning, maintenance planning, quality management and fixed asset management. Solution: Manual Processes and Spreadsheets Replaced by ERP.

Optimal Sourcing 96

Optimal Sourcing Forecasting Software Analytics Software Manufacturing Procurement 96

TrackVia

AUGUST 15, 2023

In today’s fast-paced business environment, efficient asset management is crucial for organizations to maximize their resources, minimize operational risks, and enhance long-term sustainability. When running smoothly and efficiently, asset management can help decision makers predict and oversee the life cycle of an asset.

Asset Management 52

Asset Management Optimization Software Optimal Sourcing Predictive Analytics Software 52

Infosys Supply Chain Management

AUGUST 10, 2012

That in-turn raises the challenge of the ability to manage inventories across cross-channel commerce, along with the ability to position and deploy inventory to the most profitable channel and associated store outlets. Work Force Management - Key Challenges. Safety in Work and Asset Management- Part II.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Innovation Manufacturing Procurement 28

RFgen

SEPTEMBER 26, 2018

TABLE OF CONTENTS: The Current State of Inventory Management. Integrate and Optimize Inventory Workflows. Implement Inventory Management Software. Integrate ERP Data with Inventory Processes. While your inventory may be a crucial asset, these assets quickly turn into liabilities when not properly managed.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 52

RFgen

SEPTEMBER 26, 2018

TABLE OF CONTENTS: The Current State of Inventory Management. Integrate and Optimize Inventory Workflows. Implement Inventory Management Software. Integrate ERP Data with Inventory Processes. While your inventory may be a crucial asset, these assets quickly turn into liabilities when not properly managed.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 52

Infosys Supply Chain Management

NOVEMBER 11, 2011

Demand planning is the most critical process in the CPG industry, since it drives all downstream processes (raw material/finished goods inventory planning, procurement planning, capacity planning, manpower planning, transportation planning, etc.) Work Force Management - Key Challenges. Safety in Work and Asset Management- Part II.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 22

DELMIA Quintiq

DECEMBER 4, 2019

It also helps keep inventory requirements down. The combination of mobile identifying tags and stationary sensors also helps keep your vehicles, lift trucks and other assets accounted for. If you work with steel and somebody tells you they could help you retain 15% of the material , it’s probably thanks to sensors.

Material Savings 156

Material Savings Waste Reduction Resource Reduction Inventory Reduction 156

DELMIA Quintiq

DECEMBER 4, 2019

It also helps keep inventory requirements down. The combination of mobile identifying tags and stationary sensors also helps keep your vehicles, lift trucks and other assets accounted for. If you work with steel and somebody tells you they could help you retain 15% of the material , it’s probably thanks to sensors.

Material Savings 156

Material Savings Waste Reduction Resource Reduction Inventory Reduction 156

Infosys Supply Chain Management

JUNE 6, 2014

Asset Management, a key function, has a strong potential to influence the success of the mainstream business. The scope of Asset Management had been limited to short or midterm goals which seldom tied back to the strategic business goals of the Organisation.

KPI 40

KPI Asset Management Expense Reduction Lean 40

QAD

MAY 27, 2021

The main objects in such a solution are the KPIs (Key Performance Indicators) , metrics that show the answers to your questions that can be linked together in overviews or dashboards. Fixed Assets. Inventory Data Health. Production On Time and In Full. Sales and Customer Service.

Procurement Analytics 77

Procurement Analytics Manufacturing Procurement Analytics Software Inventory Reduction 77

ThroughPut

MARCH 11, 2024

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stockout issues.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Handbook Supply Chain Planning Software 52

QAD

MARCH 30, 2021

In this area, QAD Enterprise Asset Management (EAM) has improved work order scheduling to allow supervisors to more quickly address schedule changes and employee assignments. QAD EAM has also added enhancements to manage more complex projects and allow project managers to better plan costs and estimates prior to project authorization.

Manufacturing Procurement 78

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 78

RFgen

MAY 1, 2017

This is especially evident in warehouse settings, where connected devices of various sorts have long been in use to handle complex inventory and asset management tasks. A few possibilities here include the following: Using connected scales to weigh assets on the shelf and provide an extra check against recorded inventory levels.

Inventory Management Software 52

Inventory Management Software Analytics Software Warehousing Innovation 52

RFgen

MAY 1, 2017

This is especially evident in warehouse settings, where connected devices of various sorts have long been in use to handle complex inventory and asset management tasks. A few possibilities here include the following: Using connected scales to weigh assets on the shelf and provide an extra check against recorded inventory levels.

Inventory Management Software 52

Inventory Management Software Analytics Software Warehousing Innovation 52

QAD

AUGUST 3, 2022

Some systems can also handle more advanced tasks, like tax management, fixed assets management, revenue recognition and multi-currency reconciliation. Through tracking key business metrics and generating reports with real-time information, managers can course-correct quicker and make more informed decisions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Optimization Software 52

RFgen

SEPTEMBER 19, 2019

Formerly, workers would have to manually inspect inventory, recording quantities, item numbers and locations using pen and paper or human memory. Along the way, a “3” accidentally gets entered into the inventory database as an “8” while other numbers are transposed, left out, or not recorded at all.

Supply Chain Software 56

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 56

RFgen

SEPTEMBER 19, 2019

Formerly, workers would have to manually inspect inventory, recording quantities, item numbers and locations using pen and paper or human memory. Along the way, a “3” accidentally gets entered into the inventory database as an “8” while other numbers are transposed, left out, or not recorded at all.

Supply Chain Software 52

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

ThroughPut

APRIL 21, 2020

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management, and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stock out issues.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Material Savings 52

ThroughPut

APRIL 21, 2020

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management, and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stock out issues.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Material Savings 52

ThroughPut

APRIL 21, 2020

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management, and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stock out issues.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Material Savings 52