Arkieva

APRIL 19, 2016

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns. Benchmarking EBITDA% versus Inventory Turns.

Benchmarking 60

Benchmarking Inventory Reduction Inventory Expense Reduction 60

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

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. The goal is to become consciously competent in managing the role of inventory in supply chain strategy. Inventory management is a complex subject.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

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

Logistics Bureau

SEPTEMBER 8, 2020

Robobyrne: Sins In Inventory Management. Supply Chain Secrets: Why Supply Chain Inventory Should Matter to the Finance Pros. Benchmarking Success: 5 Reasons to Care About Great Inventory Management. Dawson Consulting: 5 Inventory Management Ills that Drive up Supply Chain Costs.

Inventory 53

Inventory Forecasting Inventory Management Benchmarking 53

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Unleashed

JULY 2, 2023

This helps you understand where some of your costs are coming from so you can make better decisions around purchasing and inventory management. Other names: Days Inventory Outstanding is also known as Days Sales of Inventory (DSI) , the inventory period, the average age of inventory, and Days in Inventory (DII).

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 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

Logistics Viewpoints

JUNE 24, 2015

Omni-channel fulfillment is arguably today’s hottest supply chain topic. My colleagues and I have written a number of blog posts on individual case studies on this topic. Here is a case study on an anonymous major US retailer that likely has a store location near you. How do your fulfillment operations compare to this leading […].

Benchmarking 100

Benchmarking Case Study Study Retail 100

Unleashed

JANUARY 24, 2022

Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory? Cleaning supplies – as well as the equipment needed for cleaning – is one of the main categories of MRO inventory What is MRO inventory management? Why is MRO inventory management important?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Unleashed

FEBRUARY 12, 2024

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. Then decide on the time frame for calculating inventory carrying costs.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Silvon Software

JUNE 1, 2023

Download Silvon’s KPI Guide – Drive Better Business Performance Set targets and benchmarks: Set specific targets or benchmarks for each material flow KPI based on industry standards, historical data, or desired improvements. These targets should be realistic and aligned with your organization’s overall performance goals.

S&OP 93

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

Supply Chain Shaman

SEPTEMBER 1, 2019

The analysis is designed to provide Industry benchmarks by peer group and to celebrate the success of 23 companies out of 28 peer groups. As can be seen in the analysis, 80% of the industries studied for the report went backward on key performance measurements like cost and inventory management over the last decade. The reason?

Supply Chain Software 234

Supply Chain Software Supply Chain Design Software Analytics Software Buyer Training 234

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 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. Complete visibility into inventory. All aboard.

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? What Kind of Companies Use Just-In-Time (JIT) Inventory Management? Companies of all sizes across various industries use JIT Inventory Management.

Inventory Reduction 52

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

Unleashed

OCTOBER 20, 2021

A good inventory management system can play a vital part in the smooth running of a business – and getting it set up properly can make all the difference. Learn more: What is Inventory Management? Techniques for 2021 What hardware requirements are there for an inventory management system?

Inventory Management Software 96

Inventory Management Software Inventory Management Forecasting Software Inventory Reduction 96

Supply Chain Shaman

MAY 3, 2015

Note the improvement in inventory and operating margins by Novo Nordisk and the lack of progress by Eli Lilly. This type of benchmarking is the most powerful in the comparison of like competitors. The Inventory Management Journey. I find that when it comes to the management of inventory, misconceptions abound.

Inventory Reduction 150

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

Unleashed

APRIL 18, 2024

Toyota, renowned for its Toyota Production System, sets the benchmark in the industry incorporating lean principles to enhance efficiency, reduce production times and improve product quality. JIT also contributes to improved quality management, as the production process becomes more streamlined and responsive to immediate demand.

Just-in-Time 52

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

Unleashed

APRIL 9, 2024

Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts. A high OTIF rate also indicates that orders are being fulfilled as expected, which can lead to reduced inventory levels because there is less need for safety stock.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

SCMDOJO

MARCH 19, 2024

These functions include procurement, production planning, inventory management, logistics, and customer service. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. I struggled to understand his point, and I am not sure that he was even clear in his own mind, but I remember the conversation. As a high school debater, I love a good argument. Old habits die hard.) Sorry that it is late.)

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Logistics Bureau

APRIL 28, 2020

Get familiarize with these terms by watching the video below: Maintain Supply, Robust Planning, Manage Services, Flexibility, Flow, Communication and Control, and Visibility. Inventory Management. Benchmarking Success: COVID-19 Strikes hard on Australia’s Imports and Exports. Home or ‘On Premise Deliveries’. Lag Effect.

Supply Chain Planning 52

Supply Chain Planning Supply Chain Scenario Planning Benchmarking 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

SupplyPike

JUNE 26, 2020

There are many benchmarks and trends to look at while analyzing the four Ps of category management. The benchmarks of the product level should look at the share of items in a category, including the fair share index versus category share. Analytics of the Four Ps. Analysis is key! Take a tour today!

Retail 98

Retail Price Reduction Material Savings Inventory Reduction 98

Supply Chain Game Changer

FEBRUARY 22, 2022

One of the areas which stood out for me early on as needing improvement was the Inventory Management performance. For a company that held itself out as being a global Supply Chain leader I was underwhelmed when I saw that their inventory turnover was around 6 turns. I am a 22 year veteran of Supply Chain Management.

Inventory Reduction 79

Inventory Reduction Material Savings Waste Reduction Price Reduction 79

Stord

APRIL 13, 2023

“After outgrowing our prior tech stack, we needed a better solution to manage our inventory and supply chain as it scales,” said Jamie Marshall, COO and co-founder at Snackpass. Coupled with Stord One Commerce , our new tech stack has helped us get a real handle on inventory management across multiple facilities.”

Omnichannel 60

Omnichannel Inventory Management Software Supply Chain Network Software Demand Planning Software 60

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. Cost per Purchase Order and Cost per Invoice. It also relates to the expenditure incurred in making them.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

SYSPRO Smarter ERP

AUGUST 23, 2023

Same day response – With competition increasing by the day, we are seeing manufacturers respond faster to customer quotes, with the “Same-Day” response benchmark moving from 30-45% to 60-75%. 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

Enterra Insights

JUNE 22, 2023

Causal AI and the Supply Chain Jerry Stephens , General Manager of Supply Chain Management at causaLens, argues that Causal AI is becoming a necessity for smooth supply chain operations. He explains, “Prediction is at the core of running an efficient supply chain. 2] Staff, “ Causal AI ,” Rapidminer, 2022. [3]

Supply Chain Performance 130

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

Supply Chain Matters

JUNE 28, 2022

Of all of our featured blog content in 2021, our most read blog was our March 2021 commentary: Zara Provides The Benchmark For Supply Chain Digital Transformation. . Having now invested in digital transformation and integrated multi-channel response capabilities, this retailer may continue to set the global benchmark. Bob Ferrari.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Morocco Spain Apparel 52

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

Unleashed

AUGUST 17, 2021

ERP manufacturing software Enterprise resource planning (ERP) software has functions that help manufacturers manage business operations. These include inventory management, supply chain operations, procurement, project management, financial management, risk management and compliance.

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Logistics Bureau

AUGUST 16, 2017

And I shared the ‘results’ from the bottom 20% of our Benchmarking database. Our Benchmarking database contains almost 900 organisations across many industries). And these were some areas of opportunity that I suggested are quite common: Inventory Management & Reporting. Improvement Areas.

Pharmaceutical 0

Pharmaceutical Supply Chain Benchmarking Supply and Demand 0

Intelligent Audit

APRIL 27, 2021

Companies utilizing advanced analytics , intelligent data integration, real-time communications, and custom inventory management systems have fared the best. Those who can grow and adapt have adjusted to changes in production trends, inventory management, and logistics.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

Supply Chain Shaman

MAY 17, 2015

I am deep in research analysis of a couple of efforts (wrapping up our first year of supply chain planning benchmarking for ten clients, writing reports for the Supply Chain Insights newsletter and finishing some work with a couple of manufacturing clients) that are all telling me the same thing: companies are feeling supply chain pain.

Supply Chain Planning Software 150

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

Unleashed

OCTOBER 2, 2019

If you want to track and benchmark your successes with your cloud adoption, here are some key performance indicators (KPIs) that demonstrate the value of your choice. IT staff – When you adopt something like a cloud-based online inventory management software, it’s going to come with questions and necessary support at first.

Inventory Management Software 45

Inventory Management Software Benchmarking Forecasting Software Demand Planning Software 45