Supply Chain Shaman

JULY 6, 2020

My job, as the plant engineering manager, was to drive innovation and implement technology improvement. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The first step in the development of a strategy is benchmarking. The So What?

Agile and Lean Supply Chain 287

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 287

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

Silvon Software

APRIL 18, 2024

Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically. For example, using real-time analytics to monitor product quality during manufacturing and trigger alerts if metrics fall outside acceptable ranges.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics.

Supply Chain Planning Software 130

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

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 our Metrics That Matter methodology to look at improvement and performance. The seven on-line classes are: Supply Chain Metrics That Matter.

Supply Chain Planning Software 0

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

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. With an application of statistical methods, the causes of errors are reduced or are eliminated.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Supply Chain Shaman

JULY 9, 2013

This research was the backbone of the Supply Chain Metrics that Matter series of reports. Instead, they have measured functional metrics or focused on projects. I believe that customer service is a critical metric and a key element of managing a complex supply chain system. The Building of the Index. What do I mean?

Supply Chain Software 203

Supply Chain Software Supply Chain Modeling Modeling Software 203

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Protectionist trade policies are also causing companies to shift their country sourcing practices, and there is no reason to believe that we will see geopolitical posturing along the trade front fade soon. 2023 will be the year to shore-up innovative, intuitive, intelligent solutions. Weathering the Trade Policy Storm.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

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

Unleashed

JANUARY 29, 2024

Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products. 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 Shaman

JUNE 9, 2016

Today technologies allow the delivery on the promise, but ironically, as technology capabilities improve and innovation to create new solutions explodes, the ownership structure is becoming more conservative. We are just now starting to see innovation return to JDA and GXS assets under OpenText ownership. The Promise of Innovation.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

Intelligent Audit

MAY 9, 2022

In addition to improving efficiency, shippers will also realize impressive savings as it is 67% less expensive to outsource freight payment services according to a JOC freight payment benchmark study. . Innovative tools and systems, including automated billing and invoicing, can ensure strong ROI.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Supply Chain Game Changer

SEPTEMBER 6, 2022

Some of the materials were sourced and managed by the customers. Still the sourcing and supplier management of other materials was delegated to our facilities. And a cursory look at benchmark comparisons to competitors showed the company lagging behind in virtually every metric. Another 5 countries were on the itinerary.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80

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

NC State SCRC

JUNE 27, 2017

It will not determine the extent of deployment across different business units, but could be used to benchmark performance across business units. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). > Procurement – Metrics – Cost of proc/TC of raw materials. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Intelligent Audit

DECEMBER 22, 2020

Sometimes a third party source outside of the company needs to be accessed for data. That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. And unfortunately, it can be challenging to capture and make sense of third-party data, especially when it lacks a standard format. Lack of external data.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

HICX Solutions

JANUARY 27, 2022

If implemented well, there are numerous benefits of a Supplier Relationship Management platform, including: SRM is focused on collaboration and innovation to get the most out of partnerships with suppliers. There is the possibility of utilizing it to drive innovation management.

Supply Chain Design Software 98

Supply Chain Design Software Modeling Software Procurement Solutions Optimal Sourcing 98

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” 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. I am often asked to benchmark demand. Step Three.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Intelligent Audit

AUGUST 3, 2021

The lack of end-to-end visibility and applicable metrics has made it difficult for parcel carrier s and shippers to envision the value of data and analytics within their network systems. Reduced waste – time management, paper and packaging innovations, and fuel conservation all become more streamlined over time with data integrations.

Analytics Software 52

Analytics Software Predictive Analytics Supply Chain Planning Software Analytics 52

Intelligent Audit

NOVEMBER 5, 2021

Benchmarking Capabilities. In a sense, it all begins with a well-integrated tech stack that can ingest data from all systems to create a single source of truth. Track Cross-Industry Metrics. However, the one thing that must remain regardless of the method and mode: tracking needs to encompass cross-industry metrics.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

6 River Systems

JUNE 29, 2020

As global supply chains start the long process of recovery, supply chain management is in the spotlight, and new best practices and innovative strategies are emerging as supply chain leaders aim to reduce risk in an uncertain future. “Think beyond your four walls to how you can better collaborate and innovate with your suppliers.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

NC State SCRC

APRIL 20, 2016

Get the people who recruit that talent and benchmark that talent better tool to use, and the organization will be that much more productive now that they have radar.” ” A question came from the audience: “Fundamentally – procurement is measured on cost savings as the primary metric. I believe all technology commoditizes.

Procurement Solutions 40

Procurement Solutions Procurement Analytics Purchasing Skills Analytics Software 40

Logistics Bureau

MAY 4, 2016

To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics. From this understanding, supply chain metrics will then ideally be: A few essential measurements that cover all the strategic aspects of the supply chain. Financial metrics to indicate profitability.

Supply Chain Performance 40

Supply Chain Performance Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 40

Supply Chain Game Changer

NOVEMBER 25, 2018

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Home Depot.

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

Tompkins Blog

APRIL 15, 2014

We found that the better the level of alignment, the more likely it is that companies are achieving their objectives for cost reduction, customer service, and other metrics,” explains Bruce Tompkins, executive director of the Consortium and author of the report. Click here to download the report and receive additional information.

Inventory Reduction 46

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 46

Taulia

MAY 5, 2020

Large businesses, meanwhile, may have considerable funds available within their balance sheets – but unlocking this source of cash is not always straightforward. Take a long term view Any working capital optimization program should be flexible enough to adapt the source of funds as the business needs change.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 52

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.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

NC State SCRC

NOVEMBER 25, 2019

Professor Rob Handfield met with Lawrence Crosby during that period, and discussions focused primarily on how supply chain innovation and social responsibility metrics would figure into the list of top companies. Metrics related to spend management, category management, strategic sourcing and supplier relationship management.

North Carolina 15

North Carolina Supply Chain Design Software Modeling Software Supply Chain Design 15

Logistics Viewpoints

JULY 19, 2023

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. 1] https://infocus.emc.com/mauro_caputi/contracts-management-and-analytics-the-source-of-truth-for-big-data/.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Precoro

MARCH 30, 2022

Global Sourcing. The strategy refers to the efficient sourcing of goods and services across the globe. Its objective is to discover and utilize cost-efficient sourcing possibilities in a specific country or part of the world where required goods can be produced more economically.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Supply Chain Shaman

AUGUST 26, 2015

For more on this topic, reference my prior blog posts on Learn the Language of Demand and Driving Innovation ). In supply chain demand benchmarking, we see serious degradation of the forecast in lag 1 (30 days in the future) versus lag 3 or 4 (or 90/120 days in the future), due to the inclusion of sales data in management overrides.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

HICX Solutions

MARCH 31, 2022

On the other hand, the same supplier could be the source of new innovation, or contribute to an ESG target, so the matrix needs to evolve to accommodate these additional variables.”. For example, one metric would be to count the clicks – how many clicks does a supplier need to make to do business with you?”

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Logistics Viewpoints

JANUARY 23, 2024

This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. And if they are not, the retailer can look at alternative sources that aligns to their goals.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

6 River Systems

DECEMBER 11, 2018

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. There are about 10+ measurements on evaluating the efficiency, but all those get consolidated to a single metric called the ‘LPMH’ (lines per man hour).

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81