Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. We feel so strongly about this that we do not have an inventory planning role.” We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design? My reasoning?

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Logistics Viewpoints

APRIL 24, 2024

And while the industry faced a lot of complexities and challenges in 2023, we continue to face more every day. Available to sell is the on-hand inventory minus any promised inventory. Available to promise is a reserve against incoming inventory. For Körber’s customers, enhancing the user experience will be top of mind.

Course 225

Course Supply Chain Planning Software Predictive Analytics Software Optimization Software 225

Logistics Viewpoints

FEBRUARY 14, 2024

To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries. For more information on the research, click here.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Learn more: Inventory Accounting – A Free Video Guide for Accountants & Advisors What is Days Sales of Inventory (DSI)? It’s also known as Days Sales in Inventory and Average Age of Inventory.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Otherwise, inventory positions can become misaligned, leading to suboptimal revenue generation and needless waste. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Logistics Viewpoints

APRIL 5, 2023

Most recently, the APQC has conducted best practice and benchmarking research on digital transformation. The final report focuses on the current state of key practices in digital transformation in logistics, spread across multiple industries and over 1,100 respondents. Let’s take a deeper look at a few technology areas.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 246

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

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

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 105

Procurement Analytics Metrics Inventory Reduction Inventory 105

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

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

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

ToolsGroup

JULY 6, 2023

It’s why our team and our solutions have earned the recognition of so many industry experts. Thank you to our customers and partners from across the supply chain industry! We are proud to be recognized by the IDC MarketScape as a Leader in the inventory optimization report,” said ToolsGroup CEO Inna Kuznetsova. “We

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

Unleashed

JULY 25, 2021

Improving food inventory control. The simplest approach to reducing food waste is to optimise inventory control. Effective inventory control can prevent food waste by helping limit the volume of surplus food generated, reduce overstocking, and improve overall food waste management. Industrial food waste management.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. The industry is getting less value of supply chain planning than in the 1990s when the platforms were first defined, and supply chains were regional.

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

EMERGE App

FEBRUARY 23, 2020

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? The Goldilocks Principle of having something that is not too hot and not too cold has been used for everything from the search for habitable Earth-like planets to inventory management, and of course, the perfect porridge temperature.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Inventory 98

ToolsGroup

NOVEMBER 16, 2020

Get out ahead of the competition with better demand forecasting to enable you to carry less inventory while raising service levels. Gruppo Giovannini SpA, a wholesale distributor of electrical spare parts, wanted to implement an S&OP process to better manage its expanding inventory replete with slow moving items.

Inventory Reduction 156

Inventory Reduction Distribution ToolsGroup Forecasting 156

Arkieva

MAY 10, 2016

A next logical question is if we can somehow capture this from publicly available financial data and benchmark companies on this strategic level. Inventory turns are available. When benchmarking SG&A it is crucial to verify whether that includes or excludes the R&D costs. What about service and cost?

Benchmarking 60

Benchmarking Expense Reduction Inventory Reduction Cost Reduction Strategies 60

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

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Benchmarking.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking. Productivity.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

RFgen

FEBRUARY 2, 2017

Automated mobile data applications can help companies set more accurate benchmarks. And to do so, we suggest they conduct benchmarks. Benchmarking involves comparing how well current supply chain and supply chain management strategies are doing compared to old processes. The Importance of Benchmarking. Productivity.

Benchmarking 52

Benchmarking Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Regular review and report on service providers’ performance against these benchmarks.,

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Movement

JANUARY 7, 2013

The Consumer Packaged Goods (CPG) industry faced another year of challenges from economic turbulence and weak consumer confidence in 2011. Terra’s Forecasting Benchmark Study is a pretty comprehensive survey. Reports benchmark study CPG industry demand planning forecasting supply chain Terra Technology'

Forecasting 68

Forecasting Benchmarking Forecasting Software Study 68

BlueYonder

DECEMBER 17, 2013

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” The study surveys practitioners from a variety of industries as well as a cross section from a diverse organizational scale.

Global Transportation 56

Global Transportation Benchmarking Study Modeling 56

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post I share industry trends. For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. Inventory Turns.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

DECEMBER 15, 2015

To help, in this blog post, I share industry trends. For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. All industries are in decline. Inventory Turns.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

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 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

ToolsGroup

DECEMBER 16, 2021

By understanding inventory needs from a financial perspective, including revenue and margin, retailers gain insight into their open-to-buy process and, as part of their merchandise financial planning, ensure the organization will not overspend merchandising budgets. Improve Inventory Flexibility. What is an open-to-buy ?

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Supply Chain Collaborator

JULY 21, 2016

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. Retailers are among those industries most interested in TMS solutions as they work toward linking transportation management with inventory management.

Benchmarking 60

Benchmarking Study Inventory Reduction Cost Reduction Strategies 60

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Supply chain visibility provides the ability to view and track inventory in real-time or near real-time across all modes from raw materials to finished goods at the customers door. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244