New Horizon Supply Chain Blog

OCTOBER 21, 2022

While SCOR is a reference model rather than a mandatory technical standard, it has a major impact because it provides the de facto standard framework for how organizations think about, measure, benchmark, and improve their supply chains. The new interactive model is available on their site here.

Modeling Software 52

Modeling Software Modeling Sourcing Strategies Gartner 52

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Import / Export Lead Overseeing import/export operations, including documentation, customs compliance, and shipping arrangements.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

NOVEMBER 23, 2020

Further complicating their supply chain is the fact that they operate in a heavily regulated industry. Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”. One failure, for example, related to an importation document that did not arrive on time.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

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

Supply Chain View from the Field

AUGUST 24, 2015

The team will assist the Austin’s with a transition plan and identify metrics (and record keeping needed for these metrics) so that the Austin’s and other transitioning dairies have a heightened chance of success as they move from suppliers of raw milk, to small businesses producing finished dairy products for sale.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. 5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. How are your carriers performing vs the industry? Bad carriers cost you money and ruin retail relationships.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. 5, Technology: Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. How are your carriers performing vs the industry? Bad carriers cost you money and ruin retail relationships.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Precoro

MAY 22, 2023

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. The company can also include any relevant standards that need to be met, such as sustainability certifications or performance benchmarks.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

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

Logility

APRIL 3, 2018

In almost every new supply chain focused industry periodical, you will find an article discussing transformation or digitization. Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from traditional to more “digital” planning capabilities.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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 132

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 132

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

Freight Plus

NOVEMBER 28, 2018

Come up with a set of internal metrics that will go towards eliminating problem areas. Vendor Compliance Programs and the scorecards they're graded against are no longer simply about document transfer. How are your carriers performing vs the industry? Bad carriers cost you money and ruin retail relationships. Technology.

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

Supply Chain Shaman

AUGUST 16, 2015

Despite numerous acquisitions and product development efforts, SAP and Oracle are much larger industry giants. In the supply chain management technology market, historically, Infor is a market consolidator buying and integrating disparate software assets and assembling them into industry solutions.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 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. With an effective data program, you can measure your past execution and use predictive analytics in the logistics industry to make the best decisions about your freight. What is Logistics Data?

Optimal Sourcing 52

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

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

The Logistics of Logistics

DECEMBER 19, 2020

Mitch has an MBA from the University of Washington and a Bachelor of Science in Industrial Engineering from Montana State University. Convoy uses technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 72 million metric tons of wasted CO2 emissions from empty trucks.

Shipping 130

Shipping Waste Reduction Negotiating Skills Montana 130

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. This clarity is vital for assessing compliance with internal policies, industry regulations, and ethical standards.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Opz

APRIL 13, 2013

According to a survey conduct by the author and his team at UTK, only a handful of respondents had a well documented supply chain strategy. You will learn about 7 megatrends and how it applies to your industry. Chapter 5: many companies analyze the competition by benchmarking certain KPIs against peers, this is definitely too simple.

Supply Chain Transformation 100

Supply Chain Transformation Supply Chain Software Supply Chain Strategy Sourcing Strategies 100

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. Left unchecked, Chinese suppliers-like domestic suppliers-may ignore quality. The reality is that their success is in our hands.”.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

SupplyShift

NOVEMBER 4, 2020

Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Then, break each goal into action steps, such as: Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made).

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Then, break each goal into action steps, such as: Decrease water usage by 20 percent at high-risk sites and 15 percent overall by 2025 (per metric ton of product made). Map all supplying sites.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

Talking Logistics

JULY 11, 2018

This strategic planning process provides clear goals and identifies the strategic choices to achieve them – a model for delivering alignment, transparency, and metrics that truly define success. The MDI process requires 4 key elements: Standard Work: A formally defined and documented process to deliver a quality product or service on time.

Optimal Sourcing 101

Optimal Sourcing Transportation Cost Reduction Strategies Sourcing Strategies 101

Unleashed

MARCH 9, 2021

Of course, the emphasis on each priority will differ depending on the industry. For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Arkieva

AUGUST 8, 2016

Foster future economic growth within the freight and goods movement industry. Changes have also been made throughout the document to clarify and emphasize the collaboration between the responsible agencies and other regional planning efforts, including funding.”. Read Full Press Release. California Sustainable Freight Action Plan.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Logistics Viewpoints

JANUARY 23, 2024

The data is all anonymous, but retailers can look at metrics such as time to fulfill, pack time, conversions, and ship versus pick-up, to name a few, across hundreds of Active Omni customers. Kinaxis is focusing on the QSR industry first, looking at replenishment for both food and the necessary durable goods.

Supply Chain Planning Software 209

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

Vinculum

JUNE 24, 2022

Payment reconciliation is the most challenging process for any company’s finance and accounting team, especially in the eCommerce industry. It’s imperative to document the procedures involved in the reconciliation process and develop templates that can be readily followed by any new or current finance team member.

Purchasing Skills 52

Purchasing Skills Analytics Software Sourcing Strategies Negotiating Skills 52

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. Let's learn more about them.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Talking Logistics

APRIL 20, 2016

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper recently published by Elemica with research conducted by Adelante SCM. How do you successfully align goals, metrics, and resources across functional groups?

Supply Chain Design Software 100

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

Supply Chain Shaman

AUGUST 21, 2016

I urged him to take his corporate strategy document and set up a meeting with each profit center manager. We discussed the Supply Chain Metrics That Matter research and the fact that a balanced portfolio of metrics drives a higher market capitalization than a focus on functional metrics or single metrics.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Price Reduction 150

Zipline Logistics

JUNE 30, 2020

Every industry has its own set of terms that are exclusive to the space. There are hundreds of logistics terms that make up the industry’s language. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Logistics is no exception.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

EMERGE App

DECEMBER 31, 2018

You need to be able to juggle multiple currencies and generate documents in different languages. In the cut-throat wholesale and distribution industry, there’s actually very little to distinguish you from your competitors. 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

Supply Chain Network

DECEMBER 14, 2013

Learn how these retailers determine key metrics for the stores and for the Executive team, and how they measure and improve efficiency in order to better serve their customers. Networked companies have a single version of information related to inventory status, POs, inventory, shipments, payments and documents.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

6 River Systems

JUNE 29, 2020

The disruption caused by COVID-19 is unique in that it impacted supply chains across all industries. “The pandemic, however, is affecting supply chains in the aircraft, automobile, electronic products, hospitality, medical, pharmaceutical, retail, technology, travel, and personal service/support industries.”

Supply Chain Planning Software 116

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

6 River Systems

JUNE 25, 2019

” — 8 Tips to Reduce Warehouse Costs , Industry Today; Twitter: @Ind_today 10. “A warehouse management solution can help you to track the right things, such as metrics, directly linked to profitability and efficiency. “All repetitive activities should be standardized and documented. Identify your KPIs.

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56