SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

OptiProERP

AUGUST 17, 2022

What’s covered in this blog: What KPIs are in manufacturing. The difference between KPIs and metrics. What determines a good KPI. Why manufacturers should use KPIs. The top 12 manufacturing KPIs and how to calculate them. How KPIs can be made actionable. It is specific and measurable.

Manufacturing 52

Manufacturing KPI Expense Reduction Cost Reduction Strategies 52

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

GlobalTranz

APRIL 25, 2016

It is the main measurement benchmark in measuring supply chain performance, isn’t it? Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. Cost reduction is still very important. We just can’t forget cost reduction.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

3AG Systems

MARCH 23, 2021

The equations to calculate KPIs are generally quite simple. When a KPI falls below a threshold or benchmark you’ve identified or is otherwise trending in the wrong direction, it’s a clear signal that you need to investigate the cause and take appropriate action.

Manufacturing 52

Manufacturing KPI Benchmarking Analytics 52

ThroughPut

MARCH 3, 2020

While nearly every manufacturer has at least taken steps to implement digital transformation in some form, not every company is ready for artificial intelligence (AI)-driven supply management. Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? By Ali Hasan R. Ali Hasan R.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

ThroughPut

MARCH 3, 2020

While nearly every manufacturer has at least taken steps to implement digital transformation in some form, not every company is ready for artificial intelligence (AI)-driven supply management. Who will need access to it (and from where) to keep operations running smoothly and KPI benchmarks met? By Ali Hasan R. Ali Hasan R.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

Logility

JUNE 20, 2017

’ You can read lots of case studies, attend other user presentations, or participate in benchmark surveys to get a bearing on where you are at and some great ideas that can be applied. So those assessments should result in some form of reasonable KPI goal setting. Can it become more effective? The key is momentum.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 119

Supply Chain Game Changer

SEPTEMBER 10, 2019

Are you tracking KPIs that are really necessary or are some of them redundant? Are the KPIs tracking sufficient to meet your needs and the overall organization’s objectives? Depending on how you answer it may be time to rework your KPI dashboard. Look Beyond Your KPIs. Benchmarking is critical.

Resource Reduction 51

Resource Reduction Cost Reduction Strategies Inventory Reduction Forecasting Software 51

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

NC State SCRC

JUNE 27, 2017

It will not determine the extent of deployment across different business units, but could be used to benchmark performance across business units. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings). > Manufacturing cost as % revenue. > > Procurement ROI. >

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

SupplyShift

JUNE 2, 2021

Who could forget the Barbie deforestation scandal of 2011 , when Greenpeace discovered that toy manufacturer Mattel was sourcing packaging material from a supplier clearing rainforests from critical wildlife areas. . Instead, it will become a standard reporting KPI alongside revenue, COGS, and EBITDA. .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 52

QAD

APRIL 6, 2022

Overall Equipment Effectiveness (OEE) is both a benchmark and a baseline that’s valuable for manufacturers to know when it comes to measuring productivity. Overall Equipment Effectiveness is a metric that helps manufacturers identify the percentage of planned production time that is actually productive. Stronger ROI.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Predictive Analytics Software Optimization Software 52

SupplyShift

JUNE 2, 2021

Who could forget the Barbie deforestation scandal of 2011 , when Greenpeace discovered that toy manufacturer Mattel was sourcing packaging material from a supplier clearing rainforests from critical wildlife areas. Instead, it will become a standard reporting KPI alongside revenue, COGS, and EBITDA.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 40

Unleashed

JUNE 8, 2020

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020. KPIs are real-time and comparative.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

RFgen

FEBRUARY 29, 2024

To ensure its place at the forefront of pharmaceutical manufacturing and supply chain management, Pfizer: Operates 58 Manufacturing Sites Worldwide Spanning continents, these sites are equipped with cutting-edge technology to ensure the production of high-quality medicines. billion in revenue in 2023 alone.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Software 52

Unleashed

SEPTEMBER 10, 2020

In this article we’ll first look at practical ways to measure productivity in the workplace, and then at some of the practical metrics and KPIs that help business owners and managers lift productivity. To keep things simple we’ll be looking mostly at manufacturing productivity. Value of Wastage. Average Days Until Goods Sold.

Material Savings 86

Material Savings Expense Reduction Waste Reduction Cost Reduction Strategies 86

Precoro

FEBRUARY 27, 2023

Supports Benchmarking Benchmarking is the process of measuring a company's performance against its competitors to identify areas that might need improvement. There are plenty of KPI categories and types. By looking at KPIs regularly, companies can determine how well they are doing in terms of their objectives.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

EC Sourcing Group

JANUARY 24, 2019

These materials represented almost 70% of the cost of goods manufactured. Each KPI should have a benchmark or reference point of comparison. Early in my career, I was able to forecast the profitability of one division based on the price trends of four key raw materials. If it was always this easy.

Manufacturing Procurement 45

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45

Logility

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. Inventory-based KPIs probably make sense for you, but how will you benchmark results?

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Unleashed

MAY 2, 2022

In the manufacturing space, for example, it commonly describes how quickly a business can manufacture its product from receiving a customer order through to shipping. By using it over time, you’ll be able to compare your current lead times to previously established benchmarks – perhaps your average lead time, or an agreed target.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Unleashed

FEBRUARY 28, 2023

It can also be an important productivity key performance indicator (KPI), used to track progress and highlight areas where more training or better equipment may be required. Although receiving efficiency is itself a KPI, other metrics can also assist in measuring how optimally your business receives goods.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Unleashed

MARCH 1, 2023

There are many ways to improve productivity in a manufacturing facility , but a lot of them are highly disruptive and cost a considerable amount of money. Switching to a visual factory could be a quick win for any manufacturing business. It contributes to a lean manufacturing strategy , where minimising waste is a core principle.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Inventory Reduction Expense Reduction 52

ThroughPut

JUNE 24, 2022

When faced with a pandemic like COVID-19, establishing a good understanding of the impact on supply chains and contingency plans can help manufacturing companies deal with uncertainties in the right way. AI can also analyze workplace safety data and inform manufacturers about any possible risks. 2) INTELLIGENT DECISION-MAKING.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

SCMDOJO

APRIL 3, 2022

Comparative Of Standardization Offerings: Manufacturers present their bids throughout a specific website in a standard manner, allowing the eAuctions infrastructure to evaluate proposals, offerings and bids, then to provide reliable results for a said company. Procurement KPI Dashboard – Customizable Excel Template. .

Vendor Strategies 138

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 138

Arkieva

MARCH 29, 2016

On the Cost side, we primarily think of operational costs like purchasing cost, manufacturing cost, logistics cost, etc. We also show their typical KPI’s. Figure 2: A Traditional organization with corresponding KPI’s. Stopping production to control inventories will go against Manufacturing.

Cost Reduction Strategies 60

Cost Reduction Strategies Purchasing Skills Inventory Reduction Supply Chain Planning 60

Zipline Logistics

JUNE 30, 2020

Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Co-Manufacturer (Co-Man) — A third-party partner that produces goods from raw materials or semi-finished materials on behalf of its client. Vendor — A company that manufactures or distributes an item.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Strategy 52

Logistics Bureau

MAY 24, 2019

Deere & Company (brand name John Deere) is famed for the manufacture and supply of machinery used in agriculture, construction, and forestry, as well as diesel engines and lawn care equipment. One of the world’s largest manufacturers of computer chips, Intel needs little introduction. Deere & Company.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Logistics Bureau

OCTOBER 31, 2016

On the other hand, if you’re a business leader who must try to juggle supply chain effectiveness with that of marketing, sales, or manufacture, the following sections highlight the supply chain basics that your company must get right in order to maximise revenue and profit. KPI visibility is particularly important. “What?”

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

ToolsGroup

JULY 6, 2023

Today more than ever manufacturers, distributors, and retailers need to improve their ability to sense and respond to demand changes to fulfill their promise to their customers–and we are honored to be a part of their journey.”

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

KEPLER Consulting

NOVEMBER 24, 2017

Operational Excellence is the modern variation of Lean Manufacturing designating the Continuous Improvement mindset used to refocus activities on Value Added expected by customer. . #4 Operational Excellence forms a powerful approach for transformation plan set up. OPERATIONAL. EXCELLENCE. ELEMENTS OF UNDERSTANDING? SUPPLY CHAIN.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 40

Logistics Bureau

OCTOBER 30, 2017

But my Take on KPIs is this… 1) Don’t have too many! I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. All you need to know about Supply Chain KPIs. All you need to know about Supply Chain KPIs.

KPI 94

KPI Guinea-Bissau Virgin Islands Papua New Guinea 94