Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” less likely to be affected by supply chain disruptions.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Here are ten things to keep in mind in terms of the role that forecasting can have on supply chains: While not a cure all, forecasting does matter.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. Why is KPI tracking so important in supply chain management? But more importantly, significant supply chain improvements can occur as a result.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

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

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 turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 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. Cycle times are critical in the supply chain. Purchase Order Cycle Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ThroughPut

FEBRUARY 2, 2024

For supply chains, COVID-19 marked the beginning of a challenging era. Even as the immediate pandemic effects stabilized, new challenges like supply shortages, port congestions, and natural calamities emerged. is advanced supply chain analytics. is advanced supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

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 Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Intelligent Audit

APRIL 27, 2021

Competition has always been fierce within the modern-day supply chain, but it is now more vital than ever to set your company apart from competitors. So how does a modern-day supply chain team effectively demonstrate value and performance? Late deliveries — customers want fast shipping that is reliable and affordable.

Supply Chain Software 52

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

Unleashed

APRIL 9, 2024

OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. OTIF is an important KPI because it directly impacts customer satisfaction and trust in supply chain partnerships. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

ThroughPut

DECEMBER 6, 2023

Supply chains used to live in the past. Thanks to the more advanced forms of supply chain analytics like predictive analytics, supply chains are proactively looking into the future and prepping for “what is to come” rather than only ruminating over “what already happened.”

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. However, when Gartner bought AMR Research, and I left in the transition(because I don’t believe in the Gartner methodology), I launched a new methodology named the Supply Chains to Admire. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

GlobalTranz

JULY 26, 2017

What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions.

Analytics Software 122

Analytics Software Supply Chain Design Software Demand Planning Software Logistics Network Optimization Software 122

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Waste Reduction 274

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

Supply Chain Matters

AUGUST 11, 2022

The Ferrari Consulting and Research Group shares a Part Three commentary addressing our mid-year assessment of published 2022 Predictions for Industry and Global Supply Chains made available at the beginning of 2022, and specifically addressing supply chain cost inflation implications.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

ShipBob

JULY 9, 2021

Supply chain planning is almost impossible without having an understanding of the future. And since an ecommerce supply chain consists of several moving parts, how does an online brand go about supply chain forecasting, so they can make better predictions and decisions? What is supply chain forecasting?

Forecasting 98

Forecasting Forecasting Software Supply Chain Planning Software Supply Chain Software 98

Locus

DECEMBER 7, 2021

Since the onset of the COVID-19 pandemic, businesses in the Middle East fared well in facing supply chain risks compared to those from other regions, despite reportedly facing a high number of logistics shocks as seen in Africa. They have started earmarking their investments for food supply chain networks since the pandemic.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Promoting Supply Chain Value.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

NOVEMBER 10, 2013

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking.

Supply and Demand 228

Supply and Demand Forecasting Forecasting Software Modeling Software 228

Supply Chain Game Changer

NOVEMBER 11, 2020

Subscribe to Supply Chain Game Changer. Peak season fulfillment is a topic that strikes both fear and hope into the minds of supply chain leaders. Even systems implemented in this decade are obsolete if they cannot share data between other supply chain platforms. Take advantage of omnichannel inventory.

Inventory Reduction 84

Inventory Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 84

Supply Chain Game Changer

OCTOBER 29, 2020

Subscribe to Supply Chain Game Changer. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

GlobalTranz

MARCH 7, 2016

The digital business landscape for a shipper, such as the use of an ERP, TMS, and other digital aspects, such as The Internet of Things , provides unparalleled insight into how an organization in the supply chain can improve efficiency, visibility, and productivity. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. We just can’t forget cost reduction.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

BlueYonder

MARCH 30, 2023

Incisiv surveyed 115 retailers to understand the current state of omni-channel retail and evaluated the digital ordering and fulfillment capabilities of these retailers in four key areas, including Inventory Visibility, Frictionless Fulfillment, Cost & Payments, and 360-Degree Service, which encompassed 104 digital capabilities.

Real-time Visibility 85

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 85

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

6 River Systems

MARCH 19, 2020

And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Suddenly our supply chains shifted; they were no longer linear, but constantly evolving networks. What about peak season ?

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

GlobalTranz

SEPTEMBER 24, 2018

According to Michael Khalil of Inbound Logistics, primary transportation management challenges in e-commerce include: Increased complexity of shipping strategy. Increased complexity may be the result of additional shipping volume and the use of the freight consolidation and the consolidation program. Faster shipping.

Transportation Management 210

Transportation Management 3PL Logistics Network Optimization Software Supply Chain Network Software 210

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. Marshalling can reduce returns caused by either the incorrect goods being shipped or the goods being faulty. It also includes pick confirmation to make sure that the items allocated to the order are the ones being shipped.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Logistics Viewpoints

NOVEMBER 18, 2021

The priority of each pick based on shipping deadlines can compete with travel minimization and also evolves in its level of importance throughout the day. For example, in the morning, we may want to maximize picking density to improve the efficiency of our pickers without much concern about shipping deadlines. Dynamic Slotting.

DC 256

DC Optimization Software Demand Planning Software Supply Chain Planning Software 256

Logistics Bureau

NOVEMBER 16, 2020

So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.

Supply Chain Planning Software 96

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

Stord

APRIL 13, 2023

ATLANTA, April 12, 2023 — Stord , the Cloud Supply Chain leader, today announced Stord One Warehouse , a modern, cloud-based Warehouse Management System (WMS) that’s as flexible as it is easy to use in helping operators achieve greater efficiency and productivity in their B2B and DTC fulfillment facilities.

Omnichannel 60

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

Zipline Logistics

DECEMBER 2, 2019

Over the past several years, key industry incumbents have begun to build their supply chains and retail freight requirements to match the new reality of consumption. Big box stores now keep a low, agile inventory that is built for quick turnaround and replenishment from its suppliers.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 52

Logility

MAY 16, 2018

As the seasons and styles change, many retailers are faced with a dilemma: what to do with the left over inventory. Automating replenishment allows the team to focus on value added activities which leads to reduced out-of-stocks, higher inventory turns and greater employee satisfaction. Create Pre-Packs.

Inventory Reduction 100

Inventory Reduction Supply Chain Planning Software Vendor Strategies Cost Reduction Strategies 100

The Logistics & Supply Chain Management Society

JULY 14, 2021

Logistics Supply Chain. We’re looking for business value, and that ultimately comes from solving endemic business problems in your supply network. And as we learned, this leaves supply chains extremely vulnerable to disruption. The Problem with Today’s Supply Chains. extra inventory.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Supply Chain Game Changer

FEBRUARY 27, 2019

Inventory Turnover Breakthrough … Go Back To The Basics! Change is inevitable in modern supply chain management, and risk management is essential to success. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Subscribe Here! Email Address. Economic Instability.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57