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

Logility

MARCH 12, 2021

Some years ago, a 40-year-old Midwest process manufacturer with 40,000 SKUs finally completed implementing a new ERP system and quickly worked to combine all the new data with an array of other operational software, producing tons of new data daily. Descriptive analytics are the summary measures and metrics that provide insight.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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

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

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 MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. Benchmark supply chain operations. supplier selection and assessment, new product launch, use of metrics in the supplier assessment process).

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Why is Supply Chain Data Important for CPG Manufacturers? . Getting the most out of your organizations’ logistics data requires total investment in the value that leveraging metrics can provide.

Optimal Sourcing 52

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

Supply Chain Shaman

AUGUST 16, 2015

There is seldom one technology used within a manufacturing company to connect B2b value networks.) With the larger ocean carriers and the port congestion, GT Nexus becomes more and more important to retail and manufacturing companies. The traditional EDI approach inserts a day latency to open and read documents. It is clear.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

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. Unlike domestic suppliers, they will respond to quality benchmarks by throwing labor-end-state inspection and rework-at the problem.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logility

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. 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

Arkieva

AUGUST 8, 2016

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.”. SupplyChainDigest benchmark study of about 100 companies reveals an increase in US company inventories since the recession. Read Full Press Release.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

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). Decrease waste by 20 percent across all Kraft Heinz manufacturing operations by 2025. By tapping into standardization , you can avoid the difficult task of coming up with your own metrics and approach.

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). Decrease waste by 20 percent across all Kraft Heinz manufacturing operations by 2025. By tapping into standardization , you can avoid the difficult task of coming up with your own metrics and approach. .

Supply Chain Planning Software 52

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

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. Within the Infor app, retailers can pull all supplier information for a container, which provides all the necessary documentation for customs.

Supply Chain Planning Software 209

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

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. Direct spend encompasses all purchases that directly impact the manufacturing of the company's final product, such as raw materials, components, and equipment.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

AUGUST 21, 2016

The caller had prior experience with a major household products company and recently transitioned to a smaller, but global discrete manufacturer. I urged him to take his corporate strategy document and set up a meeting with each profit center manager. The company had a strong manufacturing culture, and the focus was on the urgent.

S&OP 150

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

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

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement. What is receiving efficiency?

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Unleashed

JUNE 8, 2023

This is a document that breaks down the costs of the purchase and functions as a formal request for payment. For manufacturers and producers , this includes raw materials, components, and ingredients. Metrics and KPIs: The forms of measurement and benchmarks that reflect the successful execution of the strategy.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Zipline Logistics

JUNE 30, 2020

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Bill of Lading (BOL) — A legally binding document between a shipper and carrier that details all the information needed to process a freight shipment. Used in rail and maritime transport.

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

Or follow your savvy suppliers and manufacturers as they open production lines in another country. Just like looking for suppliers and manufacturers in China, you may have to apply the same principles and common sense in evaluating business partners. Benchmark Your Business. Take Control of Wholesale.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

6 River Systems

JUNE 29, 2020

The next-gen supply chain model is a networked ecosystem – suppliers, partners, manufacturers, distributors and retailers will all have access to relevant cloud-based data to make the best decisions based on real-time signals.” China trade war has already put regionalization of manufacturing back on the table.

Supply Chain Planning Software 116

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

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 25, 2019

For example, many manufacturers see an increased demand in Q4 with the approach of the holiday season. “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.

Sourcing Strategies 56

Sourcing Strategies Optimal Sourcing Warehousing Supply Chain Design Software 56

Logistics Bureau

OCTOBER 31, 2016

On the other hand, if you’re a business leader who must try to juggle supply chain effectiveness with that of marketing, sales, or manufacture, the following sections highlight the supply chain basics that your company must get right in order to maximise revenue and profit. “What?” ” I hear you cry.

Supply Chain Design Software 40

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

GlobalTranz

MAY 23, 2016

Although an audit may not have already caught issues, constant complaints along specific delivery routes or areas can isolate the source of the problems, triggering a review for the affected truckers, distribution centers or manufacturers. Essentially, how well customer feedback is handled helps shippers recognize when an audit may be needed.

Freight 136

Freight Shipping Cost Reduction Strategies Inventory Reduction 136

EMERGE App

MAY 10, 2020

You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Drill down on individual sales orders for more details or quickly generate PDF documents from them. Benchmark yourself against some metrics.

Purchasing Skills 83

Purchasing Skills Sourcing Strategies Inventory Management Software Inventory Reduction 83

GlobalTranz

MARCH 3, 2017

Editors Note: Today's blog is from our friends at Fronetics who report their takeaways regarding manufacturing content marketing in 2016. Here are four key takeaways from the manufacturing content marketing report. Manufacturing companies are realizing how much there is to gain from inbound marketing strategies. Going forward.

Resource Reduction 120

Resource Reduction Manufacturing Supply Chain Strategy Survey 120

EMERGE App

MAY 10, 2020

You should be storing documents in the cloud for easy access and effortless sharing from one place. Better still, you should banish the idea of documents and files altogether. Drill down on individual sales orders for more details or quickly generate PDF documents from them. Benchmark yourself against some metrics.

Purchasing Skills 52

Purchasing Skills Sourcing Strategies Material Savings Price Reduction 52

RFgen

JANUARY 18, 2024

Business Process Analysis Map Current Processes: Document and analyze current business processes across various departments. Benchmarking for Success Measurement: Determine benchmarks and KPIs to measure the success of the ERP implementation. Issue Resolution : Rigorously document and resolve any issues found during testing.

Supply Chain Planning Software 72

Supply Chain Planning Software Procurement Solutions Optimization Software Modeling Software 72