Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Stord

AUGUST 5, 2020

The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Logility

NOVEMBER 30, 2020

Materials and components are sourced from even more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

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

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Material Handling & Logistics

JUNE 7, 2018

As the pressures on supply chain teams—including those for sustainability, cost efficiency, and disruption and risk mitigation—are increasing and growing in complexity, supply chain organizations are struggling to both collect and analyze an overwhelming amount of data scattered across different processes, sources, and siloed systems.

Supply Chain Planning Software 95

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Software Analytics Software 95

Precoro

MAY 22, 2023

IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation. 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

Sourcemap

JUNE 3, 2019

With companies sourcing from thousands of suppliers and new technology that enables end-to-end traceability, audits and certification are no longer best practice: it’s time for comprehensive supply chain due diligence. This includes collecting data on their practices and comparing that self-reported data with trusted third-party sources.

Supply Chain Software 45

Supply Chain Software Sustainability Supply Chain How To 45

Shipchain

NOVEMBER 29, 2018

Blockchain could streamline the management of paperwork and documentation which would lower freight spend for ocean carriers by up to 20%. Here are some characteristics to look out for: Freight spend that exceeds benchmark rates. A combined system will also leverage open-source software to ensure compatibility.

Analytics Software 95

Analytics Software Supply Chain Software Optimization Software Supply Chain Optimization 95

NC State SCRC

AUGUST 6, 2016

Benchmarking Supply Management salaries : Understand what the ‘going rate’ is for key roles in Supply Management, so it can better develop its ‘employee value proposition’ to more effectively attract, develop and retain key staff. There is an opportunity to simplify and standardize the processes further through the documentation process.

Sourcing Strategies 40

Sourcing Strategies Modeling Resource Reduction Supply Chain Strategy 40

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. 60% to 70% is considered a good benchmark of inventory levels. Days Sales Outstanding (DSO).

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

EcoVadis

MAY 31, 2018

In addition to sharing results with stakeholders to enhance business relationships, companies use our ratings to benchmark and guide improvements in sustainability performance, and use the data when reporting to other evaluations and indices. Why else might a company seek a rating? What areas does it cover? They may add as many users (e.g.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

AFFLINK

MAY 11, 2017

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. Every part of transportation, storage, and services of inbound, outbound, internal, and external movements from the source to the customer corresponds with values that intersect for the customer and the business.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

NC State SCRC

APRIL 6, 2019

Contract management is a key stage within the strategic sourcing process. After the analysis and strategy is developed, the RFP sent and supplier selected, sourcing professionals must take over contract management to ensure that the agreement between the supplier and the buyer is well negotiated and upheld.

Supply Chain Design Software 58

Supply Chain Design Software Supply Chain Software Negotiating Skills Optimal Sourcing 58

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

Talking Logistics

MARCH 24, 2015

Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. Your RFP will be much more successful with a documented carrier strategy. Speak to your carrier partners and solicit their point of view (what are they seeing?). Performance Management Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Supply Chain Shaman

AUGUST 16, 2015

The goal is deeper analytics to sense and respond across make, source and deliver. Most companies use multiple B2b networks because they have evolved to serve a part of a supply chain–source, make or deliver within an industry–versus a value chain solution that can connect industries. 3) Benchmark Data and Early Alerting.

Prescriptive Analytics Software 150

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

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Logility

APRIL 3, 2018

Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.

Supply Chain Planning Software 100

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

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. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

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. When executed properly, this invitation will cascade its way down the supply chain until it’s reached the source.

Supply Chain Software 52

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

Logility

MARCH 2, 2011

According to the same Gartner report, supply chain collaboration can be a source of competitive differentiation, especially when cost saving opportunities have been expended. I do not believe the CPFR model is the standard or benchmark for collaboration among companies today. Karin Bursa is Vice President at Logility.

Gartner 100

Gartner Supply Chain Planning Software Modeling Software Supply Chain Software 100

Arkieva

AUGUST 22, 2016

Source: Wall Street Journal. A new report by SupplyChainDigest: “Supplier Integration in an Outsourced Supply Chain World: A Benchmark Report,” showed a growing trend in supply chain outsourcing among manufacturing companies. Source: Arkieva Supply Chain Blog. Source: Supply Chain Shaman. Source: CBR.

Canada 60

Canada Supply Chain Strategy Vendor Strategies Supply Chain Software 60

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 130

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling 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. Source: Commerce Dept.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Supply Chain View from the Field

JUNE 4, 2015

Guarav’s story is also documented in the recent post in the Jenkins news page. Next, students perform a detailed supplier evaluation for a global sourcing case study, involving a high tech situation.

Negotiating Skills 60

Negotiating Skills Negotiate Pricing Supply Chain Software Supply Chain Strategy 60

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. An order is typically considered perfect when it has been delivered to the right place, at the right time, with the right product, in the right quantity, in the right condition, and with the correct documents included.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

SCMDOJO

DECEMBER 11, 2023

This document fosters transparency, accountability, and streamlined processes within the procurement function. Data Collection and Aggregation: Procurement Data Sources: Gathers information from various sources such as invoices, purchase orders, and contracts. Download Free Purchase Order (PO) Report 2.

Procurement Analytics 17

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 17

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. Chapter 5: many companies analyze the competition by benchmarking certain KPIs against peers, this is definitely too simple. Roadmap to Supply Chain Transformation.

Supply Chain Transformation 100

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

Supply Chain Shaman

APRIL 20, 2018

It was also clear to me that transactional data was only one of the feeds to the planning engines (approximately 60% of the data feed, but not the sole source). Most strategy documents that I am currently reviewing are looking to digitize data to make integration more effective. I fought a hard fight and lost. of revenue spent in IT.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 163

Supply Chain Network

MAY 9, 2011

More and more businesses are looking for both analysis and real insights gleaned from multiple sources without having to make significant investments in internal infrastructure and support,” said JaneGriffin,principal, Deloitte Consulting LLP and Deloitte Analyticsleader. Financial terms of the deal were not disclosed.

Analytics Software 68

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 68

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. KanoPI consolidates diverse data sources, isolates fundamental freight metrics, and offers enhanced visibility into your transportation operation. What is Logistics Data? Total Transportation Spend.

Optimal Sourcing 52

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

Unleashed

AUGUST 17, 2021

Source: g2.com CAD software increases design productivity by: Improving the quality of design Providing comprehensive documentation Establishing a database for manufacturing design operations Advantages: CAD software supports rapid innovation by allowing concepts to be quickly and accurately brought to life.

Inventory Management Software 97

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

Supply Chain View from the Field

APRIL 1, 2015

Step 2 – Develop Metrics and Data Sources. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.) must be identified and formally documented. Step 5: Measure Current Performance and Benchmark with Best-in-Class Competitors.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Movement

JUNE 11, 2014

I split this off from global sourcing because we had plenty of buyers but not enough planning and logistics so service and documentation was failing. Their mission is to work with our many global buyers, collectively known as Risk Management and Sourcing (RMS), to streamline the buying, planning and logistics.

S&OP 107

S&OP Supply and Demand Material Savings Sourcing Strategies 107

EcoVadis

MAY 12, 2016

The EcoVadis assessment takes into account internal supplier documentation and any applicable 3rd party audits to verify the deployment of policies and procedures. Source: Heineken presentation on sustainable procurement. HEINEKEN uses EcoVadis to conduct CSR assessments, and set a score threshold for performance.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Software 40