Supply Chain Game Changer

APRIL 15, 2020

Benchmarking. While it may seem simple, or mundane, benchmarking the digital solutions on the market should be the first step to any kind of digitalization. This is why benchmarking is a crucial part of going digital. Without benchmarking one can very easily shoot way too high, or aim far too low.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

NC State SCRC

SEPTEMBER 27, 2023

Number 1 : I was and remain naturally curious – about the industry, emerging trends and sources of value. Having had the privilege to build many teams, one of the greatest sources of learnings I’ve had is to try and find people who push me to be a better leader. And I ask myself how can we make ourselves better?

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Master Innovation. Suppliers are a vast pool of potential innovation.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

MIT Supply Chain

MARCH 2, 2021

Currently, the state of the logistics market is measured by the Logistics Performance Index (LPI), a benchmarking tool developed by the World Bank. Let me give you an example,” says Mendonça. So instead of just beginning from scratch,” says Mendonça, a company might, for instance, say, “‘OK, here it lacks innovation.

Comparison 52

Comparison America Transportation Colombia 52

Unleashed

JULY 25, 2021

From reducing the quantity of on hand foodstuffs to JIT inventory control – or less food delivered more frequently – optimising inventory control assists businesses to better manage food waste and reduce it at the source. For example the Raven Food Co-op, a Warsaw-based food cooperative is committed to preventing food waste before it occurs.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

GlobalTranz

JUNE 15, 2017

The tools and techniques of Six Sigma put team’s heads together and stimulate innovation. It for sure requires some degree of self-organization and discipline, but it also creates a perfect ground for resourcefulness and innovation. Several techniques in this relation were already developed for you, for example, a 380-degree survey.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

AIMMS

JUNE 23, 2016

Think for instance of a Source Optimization app for your retail company – a custom solution that helps you understand how and when to source your supplies, foresee possible supplier issues and adapt your plans accordingly. Another example, this time in the oil industry, would be an oil blending app. Oil blending is not easy.

Prescriptive Analytics Software 136

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 136

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Elementum

OCTOBER 13, 2017

It's no surprise then that the company became a signatory of t he Chemical Footprint Project (CFP), a project of Clean Production Action, which provides a tool for benchmarking companies as they select safer alternatives and reduce their use of chemicals of high concern.

Material Savings 97

Material Savings Manufacturing Procurement Chemicals Supply Chain Planning Software 97

AIMMS

JUNE 23, 2016

Think for instance of a Source Optimization app for your retail company – a custom solution that helps you understand how and when to source your supplies, foresee possible supplier issues and adapt your plans accordingly. Another example, this time in the oil industry, would be an oil blending app. Oil blending is not easy.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

GlobalTranz

AUGUST 14, 2018

Even the most robust plans for continuous improvement in the supply chain will fail without data-driven insights, so blockchain and supply chain analytics can team up to ensure accuracy in reporting, as well as ongoing benchmarking. Think about it. How Do Blockchain and Supply Chain Analytics “Build a Better Mousetrap?”

Analytics Software 121

Analytics Software Supply Chain Software Supply Chain Planning Software Analytics 121

Kinaxis

DECEMBER 9, 2014

For example, you only have to look at the Gartner Top 25 to see that Apple has been number one for the past 5 or so years. Or, as Angel Mendez of Cisco likes to say, yesterday’s stretch goal is today’s benchmark. Avaya have turned the value pyramid on its ear to focus on the real value generation of prediction/action/innovation.

San Diego 187

San Diego Pharmaceutical Japan Supply Chain Planning Software 187

GlobalTranz

DECEMBER 29, 2015

Our (now Army, as our Development Manager, Jerel Byrd calls them) development team are always continually improving the Cerasis TMS, as we know it is vital to have a system that is not only innovative, but sound, secure, and enables those in transportation to do their job all while doing it cost effectively. Read the full article here. .

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. We’ve seen this movie before,” he says, notably with the “net zero” idea.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

KEPLER Consulting

MARCH 23, 2018

Many firms have developed an innovative & effective approach combining advanced analytics and predictive algorithms (derived from Artificial Intelligence) to generate quick savings opportunities, only by processing your existing data. Utilize benchmarking to identify gaps across BU/Regions and optimized sourcing strategies.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

Enterra Insights

FEBRUARY 17, 2022

… Information from 500 different sources, such as traffic cameras, 911 data, radar detectors and weather stations, feeds into Chattanooga’s digital twin. We’re setting the benchmark for cities around the world to become smarter, efficient, safer and more sustainable.”[8]. ” Preventative Maintenance. ”[8].

Sourcing Strategies 130

Sourcing Strategies Expense Reduction Cost Reduction Strategies Resource Reduction 130

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Advanced analytics can foresee such supply shortages by analyzing patterns, trends, and external factors, allowing the company to source alternative suppliers or adjust production schedules in advance. Here’s a look at some real-world examples and applications of supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

o9 Solutions

FEBRUARY 21, 2023

For example, some segments may respond well to univariate, others multivariate, some may respond best with a hybrid of the two while others may require manual forecasting. Class Leading : Innovative maturity with high planning awareness. Reaching innovative forecasting capability from lower or mixed levels of maturity can be achieved.

Supply and Demand 52

Supply and Demand Demand Planning Modeling Optimal Sourcing 52

EcoVadis

MAY 31, 2018

Companies use EcoVadis ratings to enhance business relationships, such as in selection for tenders, participation in preferred partner status, or co-innovation programmes. Every month hundreds of companies proudly communicate ( examples here ) when their score has made them eligible to earn an EcoVadis Gold, Silver or Bronze medal.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

ThroughPut

JANUARY 2, 2024

Moreover, it enhances cash flow by freeing up capital expenditures and channeling working capital into other ventures and product innovation. What is a good Real-life Example of the Just-In-Time (JIT) Inventory Management? It also yields savings by eliminating the necessity to hold inventory intended for unfulfilled or invalid orders.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Let’s take an example. Let me give you an example. I am often asked to benchmark demand. Technology change is moving faster than process innovation. As a group, we drill into root issues. Understand Industry Performance.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

EcoVadis

MARCH 31, 2017

No matter what sector your business is in, you will source across dozens or even hundreds of purchasing categories, particularly when you consider indirect spend where many risks can be hidden. This will require a solution with the capability and scale to monitor and analyze all of these different data sources.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Manufacturing Procurement Supply Chain Planning Software 56

Unleashed

JANUARY 29, 2024

Here are three examples of SKU rationalisation in practice: A clothing retailer decides to reduce the number of colours, sizes, and styles of its products based on sales data and customer feedback. What are the key performance indicators you want to improve, and what are the benchmarks that you’ll use to evaluate each SKU?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

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

The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

He is very passionate about developments in the Supply Chain arena and is always seeking excellence in his drive for efficiency & innovation in Supply Chain operations” – a quality that is very relevant to face up to the many Supply Chain challenges in our path! Prior to that, I was with TNT for 6 years. Green Skies?

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

Unleashed

MAY 7, 2024

It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair. However, aligning the two is not without its challenges. Here are the steps: 1.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Talking Logistics

FEBRUARY 13, 2015

Chainalytics Introduces FMIQ Monthly Benchmarking Index. Transportation Department pushes tough oil train standards – sources (Reuters). TMC was one of the early examples of how technology, managed services, and consulting are converging together. December 2014 Freight Transportation Services Index (TSI).

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Logistics Modeling Software 100

Supply Chain Shaman

JULY 9, 2013

When I was an analyst at AMR Research, I worked with Debra Hoffman to benchmark over ninety companies. So, while I would like to have customer service in the index, there was no good source of data. For example, in figure 1, contrast the difference in rankings between R^2 (the degree of correlation) and the Y-intercept of the models.

Supply Chain Software 207

Supply Chain Software Supply Chain Modeling Modeling Software 207

GlobalTranz

APRIL 25, 2016

It is the main measurement benchmark in measuring supply chain performance, isn’t it? Using supply chain technology to aid in measurement & efficiency : In today's highly competitive marketplace, it’s imperative for businesses to innovate new ways to streamline their supply chain and optimize productivity. Read More. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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. But there are numerous examples that show this is possible.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain View from the Field

APRIL 1, 2015

Step 2 – Develop Metrics and Data Sources. The following are examples of corporate-wide management objectives associated with various supply chain management goals. Another example is “on-time delivery”. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.)

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain View from the Field

JUNE 4, 2015

For example, we spend a lot of time initially discussing stakeholder engagement, and a big chunk of the class is also dedicated to supply market intelligence. 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

Arkieva

APRIL 21, 2016

They are focused on generating a stream of innovative products or services that sell at a significant premium. Apple would probably serve as an example. Commonly used examples are the low-cost airlines like Southwest or Ryanair who have disrupted the airline sector by a relentless focus on low cost and hassle-free service.

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 60

Unleashed

APRIL 18, 2021

Where local laws fall below par, suppliers should adhere to international benchmarks. Free to exercise their rights – for example, joining a union, assembling peacefully, and negotiating pay increases. Creativity and innovation. Examples of sustainable supply chain management. Compensated fairly. Cost savings.

Supply Chain Planning Software 116

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 116

Claritum

AUGUST 4, 2020

benchmarking database, world-class procurement organizations have a. larger percentage of their staff allocated to sourcing, supply base. Innovation, encouraging suppliers to put forward their own innovations. essential: for example, if reduction in inventory results in sporadic. Ensuring that policies.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Supply Chain Shaman

JUNE 6, 2015

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow. Technology invention is happening, but the translation to innovation is slow.

Supply Chain Planning Software 150

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

Claritum

NOVEMBER 16, 2018

Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.). Innovation, encouraging suppliers to put forward their own innovations. You can quantify risks, innovations and supplier preferences. Managing money well.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69