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. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. forecasting product sales at 10,000 stores. This sounds obvious.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. 60% to 70% is considered a good benchmark of inventory levels. Top-Line KPIs and Metrics for Supply Chain Management.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

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. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

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

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

DELMIA Quintiq

MAY 17, 2023

It might mean that in some cases, a somewhat higher purchase price is accepted to save CO2 emissions. Suppose that for a specific type of slab, the purchase price from the Asian supplier is lower. Using the right weight for the mentioned KPIs, the planning application will suggest to source the slab from the European supplier.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today’s supply chain—with greater outsourcing, global manufacturing, and complex bill of materials–requires synchronization of the links.

Optimal Sourcing 169

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 169

Logistics Viewpoints

NOVEMBER 23, 2020

Ronan Stephens, the Senior Vice President of Supply Chain Management and External Manufacturing, explained how the company set out on a journey to improve customer service while also reducing costs. Our inventories were in line with benchmarks, but we knew that intensifying the pace of launches could become challenging in the long run.”.

Customer Service 192

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

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. They had seen my videos on the website and needed a speaker for their global kick-off meeting. The team was organized around the functional silos of source, make and deliver. It was not measured. I was wrong.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

ToolsGroup

OCTOBER 3, 2022

How to Hire in a Labor Shortage and Meet Customer Expectations. Source: Bloomberg.com. Despite the need for retail staff, the hiring spree to meet the surging demand for retail workers did suffer a pullback. When customers arrive curbside to collect their purchase, they have no intention of waiting.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

SCMDOJO

OCTOBER 27, 2023

Supplier negotiation is the most critical skill in the world of procurement. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. The following are common types of negotiation in procurement: 1. The aim is often to secure volume discounts or advantageous terms.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. The topic of the meeting was the logistics to launch of the AMR Research Top 25. Only 29% of manufacturers easily manage total cost trade-offs. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Logility

NOVEMBER 2, 2022

Suppose a product can be manufactured in multiple plant locations, and there’s a potential warehouse only 50 miles away from 60% of your customers that regularly order it. The solution brings decision-making around sourcing, production, and logistics further down the organizational chart. Third: Repeatable network design.

Optimal Sourcing 130

Optimal Sourcing Network Design Software Network Optimization Network Design 130

Kinaxis

NOVEMBER 11, 2019

Planners can’t work with contract manufacturers. Purchasers don’t have visibility into existing inventory. All supply chains have data errors, but if exhaustive searches rarely reveal the source of the problem – or reveal new problems – it might be more than run-of-the-mill complexity. Communication breaks down.

Supply Chain Transformation 164

Supply Chain Transformation Supply Chain Planning Software Gartner Supply Chain Software 164

Logility

AUGUST 4, 2023

Getting Started: Make Value Your North Star When it comes to selecting supply chain planning & operations solutions partners, the focus on delivering value should start even before the first vendor meeting. Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more.

Supply Chain Planning Software 208

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

Silvon Software

JUNE 1, 2023

Stakeholder-Focused KPIs By basing KPIs on stakeholders, you demonstrate a commitment to meeting their needs and expectations, which can lead to stronger relationships, increased trust, and improved overall performance. Transparently communicate the progress and performance of your organization in meeting stakeholder expectations.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

ToolsGroup

DECEMBER 16, 2021

Open-to-buy planning software is the first step to ensuring you have the right amount of stock available to satisfy demand while ensuring you meet your financial objectives. This goes back to a very simple manufacturing principle, that work in process inventory is far from ideal. Building Retailer Success with Open-to-Buy.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

FEBRUARY 1, 2023

This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. The business has the products available to meet the demands of consumers. Review data from relevant sources This step requires an understanding of what data will be useful , and what should be left out.

Supply and Demand 52

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

Supply Chain Game Changer

FEBRUARY 26, 2019

Procurement (and Purchasing) Job Interview Questions & Answers. Unless your company is amongst the very largest companies in the world then chances are your Procurement team will, at some point, be dealing with Suppliers that are larger than your company. How are they doing relative to any competitors or benchmarks?

Negotiate Pricing 60

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 60

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. How Does Just-In-Time (JIT) Work?

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Oracle SCM

JULY 12, 2017

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. The right prediction and contingency planning tools will ensure a complete view and an effective response to risks such as suppliers going out of business, political upheaval, and natural calamities affecting manufacturing.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

NC State SCRC

SEPTEMBER 27, 2023

In his current role, he is accountable for several strategic functions, including corporate engineering; capital and infrastructure strategy; corporate real estate; risk management; operations research and global procurement. Number 1 : I was and remain naturally curious – about the industry, emerging trends and sources of value.

Pharmaceutical 52

Pharmaceutical Supply Chain Design Software Sustainability Supply Chain Design 52

Unleashed

FEBRUARY 12, 2024

This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. With a simple calculation, you can understand what it costs to store and maintain goods.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

OCTOBER 5, 2018

Based in Paris, L’Oréal is a global personal care manufacturing company. The Company;s senses consumer preferences to change and align their portfolio to deliver personalized products for purchase anytime and anywhere. In their benchmarking, they believe that the closest company as measured by complexity is Nestlé.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

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. It is the main measurement benchmark in measuring supply chain performance, isn’t it? A pull system is better than a push system. Read More. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Material Handling & Logistics

DECEMBER 3, 2018

But manufacturers have long felt that perfect order performance is an admirable yet unattainable goal. According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Ensure reliable data. Share data.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

Logility

JANUARY 14, 2021

Benchmark Based on Global Survey Highlights Logility’s Leadership in Ease of Use and Driving Rapid Benefits. ATLANTA – January 14, 2020 – Logility, Inc., Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. MRO inventory can account for a sizeable portion of a business’ total procurement spend.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. For manufacturers, it’s about understanding how long the process takes from receiving inventory to manufacturing a product and achieving a sale.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

NC State SCRC

JANUARY 25, 2018

I had a great opportunity to meet with CEO Pete Suerken from Resin Technologies Inc. (RTi), RTi bring together an analytical network that spans the globe and 20 billion pounds of transactional benchmarks, which gives them the ability to bring knowledge and transparency to clients and a clear vision regarding the resin markets.

Negotiating Skills 40

Negotiating Skills Purchasing Skills Negotiate Pricing Price Reduction 40

Supply Chain View from the Field

AUGUST 24, 2015

We also have to work around their schedules, to ensure that they can meet every week with the practicum advisors! John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product.

Procurement Analytics 60

Procurement Analytics Analytics Software Analytics Manufacturing Procurement 60

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

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

Unleashed

MARCH 6, 2024

Effective supply chain management helps you build an agile supply chain meaning you have greater flexibility to meet customer expectations, reduce operational costs, and gain a competitive edge in your industry. Why is supply chain agility important? How can I assess the agility of my current supply chain?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. We relay on guest bloggers and the expertise of others for manufacturing best practices.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120