Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. Most Supply Chains Were Built with the Assumption That Manufacturing Was a Greater Contributor to Operating Margin Than Distribution. When I go in to help a company, I first benchmark their supply chain ratios. It constantly amazes me.

Manufacturing Procurement 186

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 186

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. Due to its size, Kroger typically manages its distribution network in-house.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Unleashed

FEBRUARY 1, 2023

This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. Review data from relevant sources This step requires an understanding of what data will be useful , and what should be left out. Actual sales vs forecasts This metric is also known as ‘forecast error’.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Unleashed

JANUARY 29, 2024

This helps them simplify their inventory management, reduce storage and distribution costs, and offer a more consistent and appealing product range to their customers. 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.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

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. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Talking Logistics

JULY 19, 2013

On the technology front, LLamasoft announced the release of Data Services, “a new offering that provides reference and benchmark data to LLamasoft customers and others in the supply chain design community…[this data] enables significant reduction in model building time and validates model outputs against realistic standards.”

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 134

Supply Chain Collaborator

AUGUST 13, 2015

191 qualified global logistics practitioners were surveyed in 2015 by American Shipper magazine for their seventh annual benchmark study of transportation management. Sure, cost is a valuable metric for gauging success. The 31 page report was full of valuable insights and is worth reading in its entirety.

Transportation Management 60

Transportation Management Logistics Network Optimization Software Optimal Sourcing Network Design Software 60

Supply Chain Shaman

JUNE 9, 2016

With the evolution of big data analytics, these Supply Chain Operating Network architectures are evolving: prescriptive and cognitive analytics enhanced by more advanced visualization and benchmarking. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is writing her third book, Leadership Matters.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Recently, Walmart upped its OTIF threshold to 98% for brands delivering to their distribution centers. What is Logistics Data? Some standard logistics data points include: Total Loads Moved.

Optimal Sourcing 52

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

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. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. Customer-Centric Benchmarking. Interested in benchmarking your supply chain on customer-centric strategies? What do you think?

Material Savings 185

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 185

Arkieva

AUGUST 8, 2016

SupplyChainDigest benchmark study of about 100 companies reveals an increase in US company inventories since the recession. “In Source: Commerce Dept. Source: SupplyChainDigest. Source: Supply Chain Shaman. Source: EBN. Source: Arkieva Supply Chain Blog. Source: Arkieva Supply Chain Blog.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Tompkins Blog

APRIL 15, 2014

We found that the better the level of alignment, the more likely it is that companies are achieving their objectives for cost reduction, customer service, and other metrics,” explains Bruce Tompkins, executive director of the Consortium and author of the report. Click here to download the report and receive additional information.

Inventory Reduction 46

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 46

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 262

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 262

DynaSys

FEBRUARY 3, 2021

Understand their sources of income. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering. Prolonged shutdowns, significant volume slowdowns, and staffing issues can turn distribution norms and relationships on their heads.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

ThroughPut

DECEMBER 6, 2023

When companies leverage data from various sources such as sales history, market trends, and external factors, predictive analytics paired with supply chain intelligence provide valuable insights that enable better decision-making and proactive planning – like never before.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain Shaman

AUGUST 26, 2015

In supply chain demand benchmarking, we see serious degradation of the forecast in lag 1 (30 days in the future) versus lag 3 or 4 (or 90/120 days in the future), due to the inclusion of sales data in management overrides. The focus is on the translation of order demand to a distribution centers. We hope to see you there! _.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Intelligent Audit

FEBRUARY 3, 2022

Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. Now, remember that a significant source of freight payment mistakes is improper invoicing and weight declarations by truckers and 3PLs (third-party logistics). Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

SCMDOJO

DECEMBER 11, 2023

By assessing supplier performance metrics, such as on-time delivery, quality, and responsiveness, companies can identify high-performing partners and address issues with underperforming ones. Quality Metrics: Evaluates the quality of delivered products or services against predetermined standards. goods, services, or indirect spending).

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Logistics Bureau

OCTOBER 26, 2020

Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity. For example, perhaps you have an idea that consumption of fresh water can be reduced in your warehouses or distribution centers. But is your water consumption really an issue?

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 84

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Determining where to produce goods, place new distribution centres, or service direct-to-consumer shipments can be difficult. Protectionist trade policies are also causing companies to shift their country sourcing practices, and there is no reason to believe that we will see geopolitical posturing along the trade front fade soon.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

Infosys Supply Chain Management

JUNE 28, 2012

Logistics and Distribution. Sourcing & Procurement. Distribution. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. These measurements can then be compared to OEM guidelines or an established baseline or benchmark. Communication Services. Consumer Packaged Goods. Healthcare.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 22

Locus

MAY 25, 2022

The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. Source: statista.com. The American customer satisfaction index customer experience benchmarks for ease of tracking shipment fell to 81 in 2022 from 83 in 2020 in the US.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Logistics Bureau

OCTOBER 26, 2020

Some, pointing to the falling costs of wind and solar energy, are demanding that their energy provider supply clean, renewably-sourced electricity. For example, perhaps you have an idea that consumption of fresh water can be reduced in your warehouses or distribution centers. But is your water consumption really an issue?

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 52

SupplyPike

MAY 19, 2020

Data syndication drives the automated process of communicating merchandise-related data to channels of sales and distribution. These vendors provide valuable insights into retailers, categories, and benchmarks against other companies. Walmart has selected Nielsen for its source of POS data.

Data 98

Data Procurement Analytics Analytics Software Forecasting Software 98

Supply Chain Management and Analytics

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

EMERGE App

OCTOBER 4, 2018

Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Remember to use metrics such as the order fill rate to judge just how well you are managing your orders and thus stock levels. How is your business really doing?

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

Talking Logistics

APRIL 20, 2016

What you find instead are functional groups — such as Manufacturing, Distribution, Sales and Marketing, and Procurement — operating in silos, like a boat full of rowers each doing their own thing. How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones?

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Design 100

Logistics Bureau

JUNE 14, 2021

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Distributing control and power across the workforce, enabling individuals and teams to take definitive actions at the first indication of a threat to the supply chain. That trend was to be a drawback when the pandemic arrived.

Optimal Sourcing 57

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 57

Unleashed

JUNE 8, 2020

To survive, manufacturers – with their long lead times, and vulnerable supply chains – must be laser-focused on the metrics that matter; able to respond rapidly as conditions change. KPIs versus metrics: Specific vs general. Reporting metrics answer more general questions about performance. It’s also critically important.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

Supply Chain Game Changer

NOVEMBER 25, 2018

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Home Depot.

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

EMERGE App

DECEMBER 31, 2018

Here’s our checklist of what your wholesale or distribution business should do in 2019. Are you still using paper-and-pencil records or spreadsheets to run your wholesale and distribution business? Source Sensibly and Sustainably. Benchmark Your Business. Keep an eye on this metric to avoid a deadstock situation.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

HICX Solutions

JANUARY 27, 2022

Instead, the practice is to measure suppliers’ performance and benchmark them against one another, hoping some ‘healthy’ competition will motivate them to work harder. But SRM can be less relevant in wider categories where qualitative metrics play a greater role. Challenges of Supplier Experience Management.

Supply Chain Design Software 98

Supply Chain Design Software Modeling Software Procurement Solutions Optimal Sourcing 98

Supply Chain Shaman

JUNE 6, 2015

I am currently working on an in-depth study on supply chain planning benchmarking (publishes in August), and working with the team to analyze supply chain planning adoption. In my analysis of the supply chain planning benchmarking data, I can see it. ” I smiled. It is pervasive. ” Planners need time to plan. .’

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Supply Chain Game Changer

SEPTEMBER 6, 2022

They received goods into their warehouses/distribution centres. Some of the materials were sourced and managed by the customers. Still the sourcing and supplier management of other materials was delegated to our facilities. On the surface it sounded like a typical manufacturing, logistics, or distribution operation.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80

6 River Systems

JUNE 29, 2020

One is time to recover (TTR), the time it would take for a particular node in the supply chain — a supplier facility, a distribution center, or a transportation hub — to be restored to full functionality after a disruption. Develop alternative sources and diversify value chains. Apply a supply chain stress test.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116