Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. The cash conversion cycle is represented as a period of time that indicates how long it takes a business to turn its investments in inventory into money from customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue. The relation is expressed as a ratio of average inventory divided by the net sales over a period of time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Retailers expect their partners to use and be proficient with modern inventory management tools. How are your carriers performing vs the industry? Do you have proper inventory visibility?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Retailers expect their partners to use and be proficient with modern inventory management tools. How are your carriers performing vs the industry? Do you have proper inventory visibility?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Unleashed

AUGUST 17, 2021

Manufacturing software Each type of manufacturing software has different characteristics and functionalities that are suited to some types of business and some industries more than others. These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Precoro

MAY 22, 2023

It plays a vital role in managing an organization's inventory of IT assets, reducing redundancy, and lowering the risk of downtime or service interruptions. Typically in the form of a document, it entails formulating defined objectives, determining vendor selection criteria, choosing a budget, and establishing a timeframe for execution.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

MIT Supply Chain

MAY 8, 2013

Will the cloud enable industry-level supply chain collaboration? Meanwhile, here is a nugget from our research on the subject: cloud-enabled, cross-industry collaboration that unlocks new levels of efficiency. How much inventory could be better managed in this segment if there was better visibility into end-to-end cargo flows?

Supply Chain Design Software 63

Supply Chain Design Software Analytics Software Price Reduction Industrial 63

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Foster future economic growth within the freight and goods movement industry. Read Full Press Release. View full report.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Freight Plus

NOVEMBER 28, 2018

Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. Retailers expect their partners to use and be proficient with modern inventory management tools. How are your carriers performing vs the industry? Do you have proper inventory visibility? Technology.

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. By establishing requirements and formalizing them in a corporate sustainability strategy document, teams can significantly limit the number of potential suppliers. Benchmarks, analysis, and improvements. Target cost.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Arkieva

NOVEMBER 15, 2016

For instance, a break in communication between the sales and demand planning teams could create an excess or shortage of inventory leading to unsatisfied customers or high inventory costs. Using industry benchmarks from best-in-class operations can help you identify where your business might be lacking and in need of improvement.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 60

QAD

MAY 16, 2019

The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. Benchmark supply chain operations. What is MMOG/LE? Facilitate continuous improvement. Increase customer satisfaction.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

AFFLINK

MAY 11, 2017

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. With benchmarks and associated key performance indicators in place, a small or mid-sized business can establish long-term collaboration, lower costs, and build financial strength. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

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

SCMDOJO

DECEMBER 11, 2023

This clarity is vital for assessing compliance with internal policies, industry regulations, and ethical standards. This document fosters transparency, accountability, and streamlined processes within the procurement function. Benchmarking: Compares current spending patterns against industry benchmarks for cost-effectiveness.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Opz

NOVEMBER 9, 2014

We believe many practices in global supply chain management can be applied in every industry. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. However, you may wonder what kind of practices really work.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Supply Chain Shaman

MARCH 12, 2014

The industry is in flux. It is a good chance for you to benchmark your processes for free. In return, you get a copy of the summary document and a one-hour phone call to educate your team on the findings. Vendor Managed Inventory. I am an old gal. In six months, I will raise a toast to my sixtieth birthday.

Supply Chain Planning Software 314

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Gartner 314

Precoro

APRIL 22, 2024

The survival rates depend on country, industry, and current market conditions, but these general trends are observed globally. As a part of FP&A, the finance team prepares documents such as income statements, balance sheets, and cash flow statements. Performance criteria and benchmarks are unique for every industry and market.

Optimal Sourcing 105

Optimal Sourcing Negotiating Skills Procurement Solutions Resource Reduction 105

RFgen

JULY 21, 2015

Here are five steps managers should take to create an inventory environment ready for successful training for warehouse workers: 1. industries are suffering from a lack of qualified applicants. The Society for Human Resource Management suggested conducting skill inventories of warehouse crews. Find the Right People.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Supply Chain Design Software 52

RFgen

JULY 21, 2015

Here are five steps managers should take to create an inventory environment ready for successful training: 1. industries are suffering from a lack of qualified applicants. The Society for Human Resource Management suggested conducting skill inventories of warehouse crews. If companies do not set benchmarks, employees will.

Buyer Training 52

Buyer Training Training Price Mitigation Strategies Supply Chain Design Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments.

Supply Chain Software 52

Supply Chain Software Supply Chain Network Software Supply Chain Demand Planning Software 52

6 River Systems

APRIL 23, 2019

Warehousing consists of multiple processes including receiving/documenting incoming products, storing products based on specific warehouse design criteria, picking orders, documenting parts picked, packaging, shipping and documenting damaged/returned parts. The latter question is especially pertinent for B2B environments.

Warehousing 97

Warehousing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 97

Supply Chain View from the Field

APRIL 1, 2015

Be the low-cost producer within our industry. Inventory Goal. Reduce the levels of inventory required to supply customers. Goal: Reduce raw material and WIP inventory to 20 days’ supply or less.). must be identified and formally documented. Cost Reduction Goal. Goal: Reduce material costs by 15% in one year.).

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Logistics Viewpoints

JANUARY 23, 2024

Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods. Zebra Technologies and FourKites The Zebra Technologies booth highlighted a number of supply chain-focused partnerships, including an e-commerce packing and sortation conveyor and AI powered inventory management application.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

FLEXE

MARCH 21, 2017

In supply chain, traditional methods for managing inventory fluctuations with short-term solutions hasn’t been simple. From electronic document management to real-time visibility into transportation logistics, software is modernizing the supply chain. So, there’s nothing “short-term” or dynamic about it. Technology has changed that.

Warehousing 31

Warehousing Price Reduction Demand Planning Software Supply and Demand 31

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking. Productivity.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking. Productivity.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Supply chain visibility provides the ability to view and track inventory in real-time or near real-time across all modes from raw materials to finished goods at the customers door. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Unleashed

NOVEMBER 24, 2019

Business reports are valuable and essential tools for any enterprise regardless of size or industry. Reporting is done through the process of compiling and reviewing the information within a specific functional area such as finance, sales, operations, inventory control or any area of the business where performance is monitored and measured.

Report 68

Report Forecasting Software Forecasting Analysis 68

Logistics Bureau

DECEMBER 3, 2017

Supply Chain Sustainability: Industrial and commercial enterprises all have a responsibility to reduce carbon emissions and the depletion of natural resources. Supply chain documentation. Warehouse and logistics performance management, measurement, and benchmarking. Inventory management. Health and safety management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

Logistics Bureau

JUNE 12, 2017

You are delivering outstanding levels of service, the best in your industry. And you are doing it, at close to half the cost of the industry average! Do you know that over 60% of businesses do not have a documented Supply Chain Strategy! And I’ll tell you what most customers in most industries want.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Planning Software 40

Logility

AUGUST 5, 2021

If your sustainable competitive advantage is centered on strong customer relationships, you may carry more inventory than your peers. Inventory-based KPIs probably make sense for you, but how will you benchmark results? But don’t hesitate to leverage good work that’s come before, both inside and outside your industry.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Precoro

FEBRUARY 27, 2023

Supports Benchmarking Benchmarking is the process of measuring a company's performance against its competitors to identify areas that might need improvement. It involves studying contracts with each supplier and comparing their prices and terms analysis against industry benchmarks. missed early invoice payments.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

crisp

AUGUST 10, 2022

VP of Sales Mike Scavuzzo uses timely retail data to keep inventory flowing from DCs to stores, maximizing the challenger brand’s partnership with every retailer. It all started with Lezlie Karls, who had developed a wholesome chocolatey snack to get through long days working in the fashion industry. Was there an inventory issue?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Inventory Reduction Just-in-Time Packaging 52

EMERGE App

DECEMBER 31, 2018

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. For import-export companies, you need to have your operations down pat with sophisticated inventory management software to back you up. Value Your Inventory. Technology can give you a competitive edge.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60