Silvon Software

JUNE 1, 2023

The KPIs here highlight procurement, production, logistics, and customer fulfillment. This includes procurement, production, transportation, warehousing, and distribution. 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

Talking Logistics

SEPTEMBER 6, 2016

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. Mode Shift.

Optimal Sourcing 100

Optimal Sourcing Logistics Network Optimization Software Transportation Cost Reduction Strategies 100

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.” Go to www.SDCExec.com.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Gathering this information via new systems also enables quality benchmarking across the supply chain. Unfortunately, there continue to be major costs associated with procurement.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Warehousing and transportation costs. COGS, Total Supply Chain Cost, Productivity, Returns Rates, Carry Cost of Inventory.

Supply Chain Planning Software 173

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

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

Supply Chain Game Changer

OCTOBER 29, 2020

Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. Use of Freight Rate Benchmarking. Negotiation Skills.

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.

Supply Chain Planning Software 208

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

AFFLINK

MAY 11, 2017

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. The late John Wooden focused on fundamentals. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

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.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

The Logistics & Supply Chain Management Society

JULY 14, 2021

We had to break them up into a lot of different modules, such as production management, order management, procurement, MRP, etc. Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. extra inventory. And that’s a huge problem.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. It is the main measurement benchmark in measuring supply chain performance, isn’t it?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. The original AMR Research analysis focused on a benchmarking sample of over 70 companies. The data collection, and primary research, took place over a couple of years. Just the opposite.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Matters

AUGUST 11, 2022

In this particular assessment, we reflect on our prediction that cost inflation trends that occurred among global logistics and transportation modes last year, would be unsustainable, and would drive remediation efforts. Mid-Year Global Transportation Assessment. Additional Thoughts and Perspectives.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 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. So, what is it going to take to enable better inventory management?

Inventory Management Software 223

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 223

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. 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. You can’t go wrong with finance either.

Supply Chain Planning Software 96

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

20Cube Logistics

FEBRUARY 3, 2022

Inventory got depleted in warehouses with no shipper coming to take it away. Delays in transportation led to the supply chain sphere incurring huge amounts of loss. It is a popular saying in the logistics sector that having excess inventory is a bane and the industry had no other option but to deal with this bane.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

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 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

NC State SCRC

JANUARY 25, 2018

RTi, based out of Forth Worth, TX, is working with NC State’s Supply Chain Resource Cooperative, attracted by our strong program in procurement and supply chain, the focus on analytical thinking and modeling, and the mix of engineering and business students who work on projects with our industry partners. But RTi is growing.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Negotiate Pricing Price Reduction 40

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

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. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

APRIL 29, 2020

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Know the market and the rates that are prevalent.

Negotiating Skills 69

Negotiating Skills Cost Reduction Strategies Optimal Sourcing Freight 69

Supply Chain Game Changer

FEBRUARY 27, 2019

Inventory Turnover Breakthrough … Go Back To The Basics! Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Procurement departments must take the full burden of ensuring supplier consistency. Transport Loss. Subscribe Here! Email Address.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Logistics Bureau

APRIL 8, 2016

To get an idea of the return on such an investment, consider these figures from Benchmarking Success. Your spend analysis and this basic benchmarking will show you where you are, and where you could be. More detailed cost benchmarking will help even further. Holding inventory costs money in more ways than one.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Expense Reduction 40

BlueYonder

AUGUST 28, 2017

We have discussed a variety of implications to the supply chain required to provide scale and service, while effectively managing inventory and value add processes. The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce. Transportation Optimization.

Optimal Sourcing 43

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 43

BlueYonder

AUGUST 28, 2017

We have discussed a variety of implications to the supply chain required to provide scale and service, while effectively managing inventory and value add processes. The disciplines of interest will include supply management, efficient order fulfillment, transportation and workforce. Transportation Optimization.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 40

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Logistics Bureau

MAY 31, 2016

Some of the dollars to be recovered may come from immediate actions, such as reducing inventory. Optimising Inventory. Inventory costs money. Reducing inventory reduces costs, although there are limits. The Perils of “Slash & Burn” and Cost Postponement.

Cost Reduction Strategies 40

Cost Reduction Strategies Inventory Reduction Material Savings Expense Reduction 40

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. This included budgeting tools, commodity management data, SAP inventory data, contract information, and other data from multiple parts of the organization.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Bureau

DECEMBER 3, 2017

The SCLA program delves into the peculiarities of some of these special cases, such as beverage distribution, humanitarian logistics , and transportation of perishable goods. We also cover production and manufacturing to some extent, and touch on other functional areas such as human resources and procurement. Inventory management.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40