Unleashed

APRIL 29, 2024

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

GlobalTranz

AUGUST 14, 2018

Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Download the E-Book. GET YOUR FREE WHITE PAPER.

Cost Reduction Strategies 120

Cost Reduction Strategies Transportation Management Resource Reduction Transportation 120

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” The organization, tightly capacity-constrained failed to forecast and build capacity ahead of market demand. The two primary buffers in the supply chain are manufacturing capacity and inventory.

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

GlobalTranz

DECEMBER 27, 2017

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. e-Book] The Digital Supply Chain: The Landscape, Trends, Types, and the Application in Supply Chain Management. [e-Book]

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Truck capacity shortages occur as carriers shift resources to provide recovery support to affected areas. The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. The issues of labour and transportation costs, along with capacity, will beleaguer everyone.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Game Changer

SEPTEMBER 8, 2021

What is Procurement’s North Star Metric? The North Star Metric (NSM). As published by Forbes in a 2017 article, “The North Star metric concept originally emerged from Silicon Valley and is best utilized by companies that invest in long-term sustainable growth. These sub-metrics should be your own mini-North Star Metrics.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Supply Chain Shaman

OCTOBER 1, 2013

Both companies provide packaging materials to the food manufacturing industry. Their goal was to visualize excess capacity and make it available to enable their sales teams to offer upstream opportunities to their clients. Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain.

Illinois 252

Illinois Waste Reduction Supply Chain Planning Software S&OP 252

Supply Chain Shaman

FEBRUARY 22, 2015

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. The supply chain has two buffers: inventory and manufacturing excess capacity.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Supply Chain Opz

MARCH 26, 2015

Most inventory control and operations management books tell people to choose a forecasting model that produces the lowest forecast errors. However, notation can be different from one book to the other but they follow the same logic. Then you have to be more specific which service level or fill rate metric you are talking about.

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Shaman

SEPTEMBER 3, 2015

There are two buffers in the supply chain: inventory and manufacturing capacity. As assets become more and more utilized manufacturing loses the ability to buffer volatility through manufacturing capacity optimization. As a result,, inventory becomes the critical buffer to absorb demand and supply volatility.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

MAY 13, 2015

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. It is now part of my DNA.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

GlobalTranz

JULY 5, 2016

We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category. Our first post covered the Top 5 Freight Management blogs of 2016.

Logistics Network Optimization Software 132

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

GlobalTranz

JULY 8, 2016

Today, we wrap up our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Yet, all metrics and scorecards are not equal, and you need to know what metrics should be included in your carrier scorecard. e-Book] 8 Big Factors to Consider for Efficient LTL Shipping.

Transportation Management 125

Transportation Management Transportation Resource Reduction Cost Reduction Strategies 125

Freightos

JANUARY 4, 2018

With 22,000 TEU mega ships exacerbating surplus capacity, the situation is unlikely to improve any time soon. For instance, in early 2017 , Maersk Line natively integrated with Alibaba, enabling online booking instead of the more traditional route of high-touch sales via a separate customer-facing platform.

Freight 137

Freight Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software 137

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030. That’s all for this week.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Real Estate New York Logistics 185

Intelligent Audit

DECEMBER 10, 2020

While Grealou spoke of manufacturing, that view applies to all shippers and the need to measure throughput. The so-called perfect order metric is the ideal supply chain KPI. But the metric shows how well a warehouse operates. On-time pickup and delivery are like the delivery on-time-in-full metric. Load Acceptance.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

ThroughPut

OCTOBER 22, 2021

Tactics for better buffer management are functions of time, inventory, and capacity. Capacity Buffer. A capacity buffer adds additional operation setups to the supply chain. Similarly, capacity buffers can be implemented in transport networks, customer service teams, and delivery assignments. Time Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

ThroughPut

OCTOBER 14, 2021

To marshal worldwide objectives of scalable and transformative urbanization, cement manufacturers need to look at intelligent supply chain logistics. Buffers in terms of inventory, capacity planning , and time work well together to eliminate bottlenecks in the construction material supply chain. . Escalation in Demand .

Vendor Strategies 52

Vendor Strategies Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Freightos

JANUARY 4, 2018

With 22,000 TEU mega ships exacerbating surplus capacity, the situation is unlikely to improve any time soon. For instance, in early 2017 , Maersk Line natively integrated with Alibaba, enabling online booking instead of the more traditional route of high-touch sales via a separate customer-facing platform.

Freight 120

Freight Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software 120

synchrono

NOVEMBER 6, 2017

Many of our customers don’t start out looking to implement Demand-Driven Manufacturing per se. Often, they’re focused on Lean Manufacturing or at least some element of it. However, at some point in the conversation, they will inevitably ask, “Is Demand-Driven Manufacturing the same thing as Lean Manufacturing?”.

Agile and Lean Supply Chain 39

Agile and Lean Supply Chain Lean Demand Planning Software Supply and Demand 39

Supply Chain Shaman

FEBRUARY 23, 2015

port capacity and are critical for Asian trade. There is a need to re-shore where possible, and relocate manufacturing and supplier relationships. With the rise of the global multi-national, Asian flows are essential to today’s manufacturing operations. It is not trivial. This is not going to be pretty. What do you think?

Long Beach 150

Long Beach Los Angeles Supply Chain Design Software Supply Chain Design 150

crisp

SEPTEMBER 27, 2022

Do we have enough existing inventory and/or production capacity to match these sales plans? What are current manufacturing and distribution lead times? You can plan manufacturing, inventory, distribution, and promotional efforts around this date, especially as warehouse space is limited and at a premium during these seasonal events.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Material Handling & Logistics

OCTOBER 11, 2017

Short-term capacity issues at your suppliers. The steps in doing this are similar to those involved in value stream mapping any other manufacturing or business process: Form a cross-functional team. The future state map will also define improvement metrics and set clear improvement targets for those metrics.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Predictive demand can propose prices changes, subject to stock levels and replenishment capacity. When we closed the doors due to COVID-19 for more than a month, one of the options was to spend time reading books.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Shaman

AUGUST 14, 2016

Instead, companies link suppliers to multiple signals: manufacturing production plans; distribution requirements; and current inventory positions, to help suppliers better plan for supply. The design of buffer strategies–capacity, inventory, and supplier relationships–to absorb demand and supply variability.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. The latter was so severe that cargo ships had to run at half their usual capacity. Download our E-Book on Supply Chain Sustainability and Profitability with Green Logistics. In the case of manufacturers, it means procuring green and sustainable raw materials.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

QAD

APRIL 8, 2021

Similarly, data has been around for ages, starting with early Sumerian and Chinese writing systems, throughout centuries of data in printed books and since the 20 th century in digital form on our computer systems. That is why libraries were built to store books, allowing scholars to easily access the information they needed.

Data 82

Data Analytics Software Supply Chain Design Software Supply Chain Software 82

Tompkins Blog

NOVEMBER 25, 2013

Author Gene Marks has been busy compiling more than 70 lists of tips in his latest book, The Manufacturer’s Book of Lists , a go-to guide for anyone in the manufacturing business. 10 Performance Metrics Every Manufacturer Should Know. 9 Ways Outsourcing Your Manufacturing Can Improve Your Business.

Manufacturing Procurement 40

Manufacturing Procurement Manufacturing Procurement Analytics Supply and Demand 40

Supply Chain Game Changer

JANUARY 21, 2020

books, clothing, meat products). By working with suppliers to optimize the amount of product on a pallet Costco is able to reduce handling, maximize truck capacity utilization, and lower logistics costs. Now a key metric to reflect how efficient Costco’s Supply Chain is would be inventory turnover. Inventory Turnover.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy Waste Reduction 84

Supply Chain Shaman

NOVEMBER 29, 2015

While the rest of the world was deep in a recession in 2008, and manufacturers were struggling with payroll decisions and layoffs, Hadoop innovation was in full swing. As a result, companies closed manufacturing facilities. Inventories are high, and we have excessive ocean capacity. Today, we live in volatile times.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. Airbus takes a bit different marketing approach.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

NC State SCRC

FEBRUARY 28, 2018

I had the privilege of facilitating and witnessing first hand a great example of what a true strategic partnership looks like recently, when a large pharmaceutical brand met with a large global Contract Drug Manufacturing Organization (CDMO) at their site. Not a forum for open book cost sharing. Rely on data, not opinions.

Pharmaceutical 40

Pharmaceutical Forecasting Supply Chain Planning Software Forecasting Software 40

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During In our program, cost avoidance, while desirable, does not count towards the metric. Our approach simply breaks accountabilities and goals across the areas of Manufacturing, Logistics/Network Optimization and Ingredients/Packaging. What have you learned?

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

ShipBob

JANUARY 6, 2023

Report on important performance metrics. You’ll need to enter the measurement and capacity information for each vehicle and then use this in combination with your item dimensions to effectively plan loads. By automatically dispatching carriers, you can significantly expedite steps such as booking and tendering of freight.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

DynaSys

JANUARY 20, 2021

The ongoing pandemic crisis can challenge your supply chain organization’s very capacity to add value. Challenges of your Supply Chain – Your Capacity to Add Value. Suppliers should not be expected to fully open their books to their customers, but astute buyers vet their suppliers on financial viability.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Optimization 98

CH Robinson Transportfolio

NOVEMBER 4, 2020

You may turn to retail consolidation to align with specific retailer compliance initiatives, improve your on-time delivery performance, and add connectivity across supply chain partners (think manufacturers, suppliers, transportation providers, consolidator, and retailers). Shipment tracking has never been more important.

Material Savings 44

Material Savings Cost Reduction Strategies Waste Reduction Inventory Reduction 44