Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

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

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

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 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

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 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. You don’t necessarily need to use all the following metrics in your procurement department.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

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

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

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Focus on the Metrics. Several essential supply chain KPIs and metrics can provide supply chain managers with the data they need to communicate network value to executive leaders effectively.

Supply Chain Software 52

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

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

Supply Chain Shaman

MAY 17, 2015

Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. When I heard a comment by a supply chain leader in a qualitative interview last week participating in the Supply Chain Insights supply chain planning benchmarking work, I winced.

Supply Chain Planning Software 150

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

Supply Chain Shaman

MAY 3, 2015

While we cannot access customer service levels for public companies, we can measure progress at the intersection of operating margins and inventory turns. We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. The Inventory Management Journey.

Inventory Reduction 150

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

Unleashed

MARCH 28, 2023

This article looks at nine crucial order management performance metrics to start tracking in your organisation. Available now: Check out the Unleashed Inventory Management Guide for free today. What is order management? Order management is the end-to-end process of processing and fulfilling customer orders.

Procurement Analytics 52

Procurement Analytics Metrics Purchasing Skills Cost Reduction Strategies 52

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Demand planning must include a determination and recording of key metrics to track throughout the year. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is represented as a period of time that indicates how long it takes a business to turn its investments in inventory into money from customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Bad carriers cost you money and ruin retail relationships. Is your EDI up to snuff?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Bad carriers cost you money and ruin retail relationships. Is your EDI up to snuff?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

GlobalTranz

MARCH 7, 2016

As explained by Bruce Tompkins , improving the supply chain includes improving service levels through better inventory management, reducing operating costs, reducing order-cycle time, achieving 100-percent accuracy, improving supply chain security and control, and improving flexibility.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Supply Chain Shaman

DECEMBER 29, 2016

As I study research methods, and the market, I realize the lies I’ve spun for prior employers (Gartner and AMR Research) are untrue: The AMR Research Hierarchy of Supply Chain Metrics. This research, released in 2005, gives a compelling view of a metrics hierarchy. The issue? I think there was causality, but never correlation.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

APRIL 6, 2015

However, the areas of talent development, inventory management, and the implementation of horizontal processes (Sales and Operations Planning, Supplier Development and Corporate Social Responsibility) are less mature. As shown in Figure 1, the processes are the most mature in the areas of network design. 4) Regional Global Governance.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Planning 150

Supply Chain Shaman

JULY 21, 2015

In the recent research that we have just completed on supply chain planning benchmarking, we surveyed 430 planners. And, let us know if there is interest to participate in our benchmarking efforts in 2015. While each technology provider wants the endorsement of their approach, I remain independent. These are my thoughts.

Supply Chain Planning Software 150

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

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

EMERGE App

OCTOBER 4, 2018

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Inventory Management Mistakes – 8 Horrors of Inventory Management.

Inventory Management Software 76

Inventory Management Software Inventory Management Inventory Reduction Inventory 76

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. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 332

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

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain Game Changer

NOVEMBER 9, 2018

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Inventory Management they also did a lot of benchmarking and highlighted deficiencies in our processes.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 43

ThroughPut

AUGUST 12, 2021

S&OP helps to align demand with supply and avoid metrics of losses that are presented through insufficient supplies or excessive inventories. It also determines achievable benchmarks, creating new profit targets ensuring fulfillment of previous ones. Better inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction S&OP Scenario Planning 52

Unleashed

APRIL 10, 2023

It involves using statistical data as a type of quality control to eliminate defects, reduce the number of variations in an end product, and improve processes in a business. The Six Sigma concept says that all processes in an organisation can be measured and optimised for improvement using a statistical benchmark.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

GlobalTranz

OCTOBER 21, 2015

For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. Effective KPI Management Requires Periodic SLA/KPI Review. How are you using effective KPI management to continuously improve your supply chains? All KPIS have a target percentage to meet.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

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 Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. They provide clear insights and benchmarks around the operational efficiency of specific manufacturing processes. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Freight Plus

NOVEMBER 28, 2018

Come up with a set of internal metrics that will go towards eliminating problem areas. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? . : In order to avoid chargebacks, you first need to identify them by auditing your invoices.

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. Quarterly performance is then benchmarked against the nine previous quarters. Scores below 50 represent below average performance for each sector.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Supply Chain Shaman

AUGUST 7, 2019

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. Form and Function of Inventory. Let’s take an example. Step Three.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Arkieva

APRIL 7, 2016

Using Orbit Charts to Benchmark EBIT versus Inventory Turns. In her excellent book ‘Supply Chain Metrics that Matter’ (Cecere, L.M., Supply Chain Metrics that Matter, John Wiley & Sons, 2015), Lora Cecere shows how we can reveal the ‘best-practice-frontier’ using so-called ‘orbit charts’.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60