Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty.

Supply Chain Planning Software 173

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

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

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

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

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

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. What’s the first step in that process?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. Key metrics that will indicate if marshalling is needed relate to picking and shipping. This can help with inventory accuracy. For small warehouses, or warehouses which do not have a high volume of shipments, marshalling may not be necessary.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. I was wrong. We never found this company. I am excited!

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

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.

Supply Chain Planning Software 208

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

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Improved transportation optimization and automation can greatly affect costs and expenses associated with fulfilling customer needs and demands. Focus on the Metrics.

Supply Chain Software 52

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

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

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. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

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

ToolsGroup

JULY 11, 2017

Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. 4-9% decrease in the value of obsolete inventory as a percentage of total stocked goods (product costs).

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

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

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

Freight Plus

MARCH 20, 2020

Come up with a set of internal metrics that will go towards eliminating problem areas. Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Retailers expect their partners to use and be proficient with modern inventory management tools.

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. Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Retailers expect their partners to use and be proficient with modern inventory management tools.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

GlobalTranz

OCTOBER 21, 2015

For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. All KPIS have a target percentage to meet. Rewards will be reaped by both parties.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. This and much more, in your Monday supply chain briefing from Arkieva.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

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

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

Talking Logistics

JULY 19, 2013

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And with that, have a happy weekend! Song of the Week: “Safe and Sound” by Capital Cities.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 132

Supply Chain Shaman

AUGUST 14, 2016

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The The use of customer segmentation to determine priority in matching inventory with orders during the order cycle. Channel Sensing.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

GlobalTranz

APRIL 8, 2015

New, innovative technology platforms have greatly sped the expansion and evolution of transportation as well as logistic solutions. The transportation management system, or often referred to as TMS, is a great example of how this technology is being used to create a more interconnected space both digitally and physically. Scalability.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

AFFLINK

MARCH 15, 2016

Who will be your supply chain partners: vendors, transporters, logistic handlers, consolidators, importers and exporters, etc.? Inventory levels? Which metrics will you use to determine success? Establishing goals/standards for the metrics by which you’ll measure success. What will each facility do, and why?

Supply Chain Planning Software 67

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 67

GlobalTranz

AUGUST 4, 2015

Our job at Cerasis is to optimize transportation management for these manufacturing shippers so that in turn, they can focus on their own core, the process of manufacturing. In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. It will lower cost but increase inventory or decrease turns, cfr.

Agile and Lean Supply Chain 60

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

GlobalTranz

APRIL 13, 2015

Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. We focus on North American over the road transportation.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

DynaSys

FEBRUARY 3, 2021

Some examples may be rules restricting availability of transport stock and routes, laws limiting workforce liberties or effectiveness, short-term working capital guidelines, etc. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering.

Modeling 97

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 97

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. OTIF metrics are not universal.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Freight Plus

NOVEMBER 28, 2018

Come up with a set of internal metrics that will go towards eliminating problem areas. Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Retailers expect their partners to use and be proficient with modern inventory management tools.

Vendor Strategies 40

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 40

AFFLINK

MARCH 15, 2016

Who will be your supply chain partners: vendors, transporters, logistic handlers, consolidators, importers and exporters, etc.? Inventory levels? Which metrics will you use to determine success? Establishing goals/standards for the metrics by which you’ll measure success. What will each facility do, and why?

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 48

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Logistics Bureau

NOVEMBER 16, 2020

Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time. A common route into supply chain management is a bachelor’s degree in supply chain management, logistics, or international transport. Track KPIs and benchmark the supply chain’s performance.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Intelligent Audit

FEBRUARY 3, 2022

Understand data-driven metrics and KPIs within the freight bill auditing services ’ software. They will use this loss leader to get you (the shipper) to act on the problem, and then rebalance your strategic goals across your transportation network. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104