Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

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

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

Logistics Viewpoints

AUGUST 15, 2022

The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization. At the simplest level, a buyer might ask a supplier whether the information they have is still up to date. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

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

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

APRIL 5, 2023

Most recently, the APQC has conducted best practice and benchmarking research on digital transformation. This survey-based research gathers quantitative data as well as information on practices or performance drivers. There are many areas of digital transformation within the supply chain.

Logistics Network Optimization Software 246

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

Supply Chain Movement

APRIL 22, 2016

The need to benchmark supply chain performance runs deep in many companies. For many companies, the search for benchmarking data becomes the end in and of itself, rather than the means to an end. Often, companies go through the trouble of completing a benchmark, only to then let the results collect dust on a bookshelf.

Benchmarking 60

Benchmarking Supply Chain Planning Software Gartner Pharmaceutical 60

Logistics Viewpoints

FEBRUARY 14, 2024

For more information on the research, click here. Logistics and inventory management rounds out the top four focus areas at 82 percent. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics. With the continued challenges facing supply chains, that is no surprise.

Supply Chain Planning Software 246

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

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 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

ToolsGroup

DECEMBER 16, 2021

Embracing constant change and delivering outstanding customer experiences is critically important in the face of today’s increasingly informed consumer. Reach Optimal Inventory Levels by Having the Right Amount of Stock Available. On the flip side, not having enough inventory can result in out-of-stocks and lost sales.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Supply Chain Movement

JANUARY 7, 2013

Terra’s Forecasting Benchmark Study is a pretty comprehensive survey. Half the items have less than two years of history; confirming that traditional statistical models lack the basic information to make meaningful forecasts. Reports benchmark study CPG industry demand planning forecasting supply chain Terra Technology'

Forecasting 68

Forecasting Benchmarking Forecasting Software Study 68

ToolsGroup

MAY 4, 2020

Along with its AI-driven demand forecasting and inventory planning software, ToolsGroup has introduced new customer support offerings for COVID-19 planning as well as educational resources including the ebook “ COVID-19 Risk: Enable Swift and Efficient Response to Supply Chain Disruptions.” Companies Share COVID-19 Response.

Supply Chain Planning Software 120

Supply Chain Planning Software Modeling Supply Chain Disruption Supply Chain Software 120

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 85

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 85

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. Ipsen also need to reduce their lead times. The results?

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

6 River Systems

MARCH 19, 2020

And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Inventory now has to be much more nimble and therefore supply chain nodes can no longer resemble their static nature of old.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

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

SYSPRO Smarter ERP

AUGUST 23, 2023

From inventory optimization to real-time scheduling to machine integration on the shop floor, manufacturers are seeing a measurable reduction in stock on hand, rework, and material waste. Advanced Inventory Management – Having the “Right” inventory levels has always been a challenge.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Planning Software Modeling Software Demand Planning Software 98

Supply Chain Insights

JULY 23, 2017

Benchmarking. The first step to building a guiding a coalition is benchmarking. We are offering three types of benchmarking: planning, financial and organizational. Use the information to set targets for a balanced scorecard. Please click her for additional information. We have four opportunities for engagement.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s ATLANTA – January 14, 2020 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Logistics Bureau

OCTOBER 20, 2021

While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action. However, every company and its supply chain is unique, so the information in this post is not intended to be prescriptive.

Supply Chain Design Software 80

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

Silvon Software

JUNE 1, 2023

Continuously engage with stakeholders: Maintain an ongoing dialogue with your stakeholders to keep them informed about your performance and solicit their feedback. 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 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Logility

NOVEMBER 3, 2020

Furthermore, LoweBot is able to assist with inventory monitoring in real time, which helps employees detect patterns that might guide future business decisions. Employees are receiving a double benefit: more time to focus on the strategic versus the mundane and real-time inputs to improve inventory management.

Supply Chain Performance 133

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

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Logistics Viewpoints

JANUARY 10, 2024

Most recently, APQC has conducted best practice and benchmarking research on last mile delivery. This survey-based research gathers quantitative data as well as information on practices or performance drivers. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system.

Logistics Network Optimization Software 246

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 246

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

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Optimize inventory levels to meet demand efficiently.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Game Changer

OCTOBER 29, 2020

Use of Freight Rate Benchmarking. Freight rate benchmarking with real-time data can assist your freight sourcing team to benchmark the rates that you are getting against what is out in the market instantly. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Logility

AUGUST 4, 2023

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone. We can walk you through it with our prescriptive engagement process.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

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

Supply Chain Shaman

JULY 21, 2015

In the recent research that we have just completed on supply chain planning benchmarking, we surveyed 430 planners. In prior posts , I have shared some information on this work. There are more outliers in the inventory and demand planning responses creating longer ‘whiskers.’ What else do we see in the data?

Supply Chain Planning Software 150

Supply Chain Planning Software Demand Planning Software Supply Chain Software Analytics Software 150

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Huge loss of IT talent.

Supply Chain Planning Software 173

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

crisp

JANUARY 24, 2024

Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store. This feed is designed for suppliers, particularly those who are not category advisors, to benchmark and analyze their book of business.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Logistics Viewpoints

APRIL 1, 2021

Collaborating with suppliers on demand forecasts, inventory, and capacity: Supply chain teams can make optimal projections of material and capacity needs by supplier. Through collaboration, supplier inventories can be closely monitored for any shortages and proactive interventions. This can in turn benefit Tier 2 suppliers and beyond.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

Logility

MARCH 12, 2021

Data were inconsistent across groups, and despite endless graphs and tables, no one was clear on how to improve business using the information. Do you have very low accuracy levels compared to some reasonable benchmark? We can then provide the quantitative information to get a demand consensus to best match supply and demand.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191