Logistics Viewpoints

AUGUST 15, 2022

For example, one of the key decisions that a manufacturer needs to make is should they continue to buy goods from one of their suppliers. For example, are you still a minority owned company? For example, Dun & Bradstreet (D&B) publishes reports on the creditworthiness of companies. Networks and Benchmarking.

Supply Chain Network Software 221

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 221

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Arkieva

MAY 12, 2016

Deriving a strategic benchmark for Product Leadership, Operational Excellence and Customer Intimacy in the Supply Chain Triangle. From the benchmark data gathered in the previous sections and the previous blogs, we can distill the benchmark for Product Leadership, Operational Excellence and Customer Intimacy, shown in Figure 9.

Benchmarking 60

Benchmarking Inventory Reduction Supply Chain Strategy Cost Reduction Strategies 60

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). We share the report to help companies benchmark and reflect. Most are just that words. They lack meaning.

Supply Chain Planning Software 370

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 370

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

Procurement Analytics 102

Procurement Analytics Metrics Inventory Reduction Inventory 102

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

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

Logistics Viewpoints

OCTOBER 2, 2023

This allows the company to do some interesting benchmarking. Elenjickal points out that there is a difference between transportation visibility – where the truck or plane or ship is, inventory visibility – visibility to where stock keeping units are located across the end-to-end network, and order visibility.

Real-time Visibility 222

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 222

BlueYonder

MARCH 30, 2023

Incisiv surveyed 115 retailers to understand the current state of omni-channel retail and evaluated the digital ordering and fulfillment capabilities of these retailers in four key areas, including Inventory Visibility, Frictionless Fulfillment, Cost & Payments, and 360-Degree Service, which encompassed 104 digital capabilities.

Real-time Visibility 84

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 84

ToolsGroup

OCTOBER 11, 2017

"You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner. 9% reduction in inventory obsolescence (percent of inventory value). 9% reduction in inventory obsolescence (percent of inventory value).

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Kinaxis

NOVEMBER 11, 2019

Example : “We were acquiring companies and we were frankly getting worried that our execs would go buy every time we looked the other way. Purchasers don’t have visibility into existing inventory. Example : “In the past, you could argue about numbers. Example : “Finance has these benchmarks on cash flow and inventory.

Supply Chain Transformation 164

Supply Chain Transformation Supply Chain Planning Software Gartner Supply Chain Software 164

Silvon Software

JUNE 1, 2023

For example, if one of your KPIs is customer satisfaction, you might set an on-time delivery goal or focus your attention on customer return rates. Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. The company has visibility to demand and inventory.

Supply and Demand 196

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 196

Logistics Bureau

OCTOBER 20, 2021

As an example of how illuminating the perfect order KPI can be, let’s look briefly at damage-free delivery as an example. In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory).

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Supply Chain Collaborator

JULY 21, 2016

Yet, TMS has not come close to achieving levels of adoption enjoyed by other supply chain focused enterprise software solutions like ERP systems for example. In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why.

Benchmarking 60

Benchmarking Study Inventory Reduction Cost Reduction Strategies 60

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

Unleashed

MAY 31, 2024

The sell-through rate metric can help you predict demand for your product by telling you how much of your purchased inventory is being sold within any given period. Tracking your sell-through rate enables better-informed decision-making around planning for production, purchasing, and inventory management.

Inventory Reduction 52

Inventory Reduction Price Reduction Procurement Analytics Waste Reduction 52

Supply Chain Shaman

APRIL 19, 2021

Avoid focusing on building a good demand plan and expect significant issues in service and inventory. For example, use one of the more simplistic technologies (like BlueCrux, Coupa, or Riverlogic) or great consultants to test the impact of demand error or bias on cost and inventory. Don’t focus on error reduction for error sake.

Supply Chain Planning Software 286

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 286

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.

Case Study 265

Case Study Inventory Reduction Agile and Lean Supply Chain Study 265

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Maybe, but what is certainly clear from the examples is that the complexity of modern supply chains requires better visibility into every phase of production and distribution. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory. Item fill rate.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Unleashed

APRIL 9, 2024

For example, let’s say you report an OTIF rate of 95%. It measures inventory availability and the ability to meet customer orders as they come in. Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

BlueYonder

DECEMBER 17, 2013

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” In this context, value is driven through increased sales, reduced inventory and improved margin attainment. No Escaping the Need for Data.

Global Transportation 54

Global Transportation Benchmarking Study Modeling 54

Logility

NOVEMBER 3, 2020

A quick examination of some recent examples of the influence of what are still considered emerging technologies — such as machine learning and artificial intelligence (AI) — demonstrates that the human element always was, and in fact always must be, paramount. Therefore, always start with a user’s needs and work backwards. .

Supply Chain Performance 133

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 133

Demand Solutions

MARCH 27, 2020

They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers. Tim leads by example and embodies the unique company culture that is represented in the 2020 World Class Culture Award. It can be deliberately shaped and leveraged.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Unleashed

APRIL 18, 2024

Implementing JIT in manufacturing operations can significantly reduce lead times and inventory levels, leading to cost savings and more responsive production cycles. The just-in-time approach contrasts with just-in-case strategies, where producers hold sufficient inventories to absorb maximum market demand.

Just-in-Time 52

Just-in-Time Manufacturing Procurement Waste Reduction Inventory Reduction 52

Supply Chain Shaman

JUNE 21, 2023

For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical.

Gartner 369

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 369

Logistics Viewpoints

APRIL 1, 2021

Here are some examples of such use cases. As an example, a supplier who had never taken supply chain financing and now requesting this option, or a supplier requesting more frequent access to financing can be a trigger to dive deeper to see if the supplier is facing a liquidity risk.

Optimal Sourcing 190

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 190

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. When we started benchmarking companies, Deborah and I had a friendly wager. I also believed that this company would have the best inventory and customer service. It was a large multinational company.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

JANUARY 14, 2014

Organizations are unable to power progress on operating margin and inventory turns together in the same year. For example, I have just finished interviewing thirteen Vendor Managed Inventory (VMI) leaders. We would love to help you benchmark your current process. The slides all look the same. Why does it matter?

Supply Chain Design Software 305

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Vendor Strategies 305

Supply Chain Shaman

AUGUST 7, 2019

Let’s take an example. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. for inventory turns define best-in-class performance? Let me give you an example.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. For example, every purchase order costs money to raise and process, as does every invoice. Supplier Defect Rate.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Unleashed

MAY 9, 2024

Let’s look at a quick example. For example, if it costs $200 to produce 100 products, then using the above calculation, your individual product costs would be $2. Standard output: This is your output divided by an industry or competitor benchmark. Imagine two factories manufacturing the same type of product.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

Logistics Viewpoints

NOVEMBER 18, 2021

For example, in the morning, we may want to maximize picking density to improve the efficiency of our pickers without much concern about shipping deadlines. Complicating the matter is that minimizing total travel time isn’t the only priority we need to take into consideration. Dynamic Slotting.

DC 259

DC Optimization Software Demand Planning Software Supply Chain Planning Software 259

Enterra Insights

JUNE 22, 2023

For example, forecasting might estimate the total number of ice cream cones to be purchased in a certain region, while predictive analytics tells you which individual customers are likely to buy an ice cream cone.”[1] In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter.

Supply Chain Performance 130

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

Logility

APRIL 2, 2020

A good KPI will be measurable against some benchmark or criteria. For example, average lead times may be calculated over time and compared across suppliers. Check out this white paper, Leveraging Inventory for Profitable Growth. Lastly, develop Key Performance Indicators (KPIs) around those measures. 3 Get the metrics right.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Supply Chain Shaman

APRIL 19, 2021

Avoid focusing on building a good demand plan and expect significant issues in service and inventory. For example, use one of the more simplistic technologies (like BlueCrux, Coupa, or Riverlogic) or great consultants to test the impact of demand error or bias on cost and inventory. Don’t focus on error reduction for error sake.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195