Logistics Viewpoints

FEBRUARY 3, 2022

JIT is a comprehensive philosophy designed to reduce defects, improve quality, and increase customer satisfaction, supported by practices like minimizing inventory to be as “lean” as possible. As MIT professor Yossi Sheffi has argued , less inventory in the system makes a company more flexible, actually building resilience. on-time delivery).

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

synchrono

NOVEMBER 6, 2017

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?”. Demand-Driven Manufacturing isn’t synonymous with Lean or other related initiatives such as Theory of Constraints.

Agile and Lean Supply Chain 39

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

Unleashed

APRIL 29, 2024

Once you’ve got your figures the metrics above, you can calculate your WIP inventory value using the WIP inventory formula. Use an MRP system , inventory management software, or ERP software to align production plans with demand forecasts, capacity constraints, and lead times.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

QAD

MARCH 9, 2023

Continual disruption is now the new normal, and it’s weighing on profitability and making it difficult for many companies to maintain lean, agile operations. Manufacturers had the flexibility to search for the lowest possible cost unit and could afford to run lean supply chains. That means looking at the right metrics.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

SCMDOJO

APRIL 29, 2024

Efficient production processes, quality control measures, and lean manufacturing techniques are crucial for optimizing productivity and minimizing waste. Factors such as transportation delays, capacity constraints, and rising fuel prices can impact delivery times and increase costs.

Supply Chain Planning Software 54

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 54

The Network Effect

JUNE 11, 2014

In part one I laid out the 5 stage maturity model that shows how organizations can turn their “big data” into “big visibility” The stages are 1) Representation; 2) Accessibility; 3) Intelligence; 4) Decision Management; 5) Outcome-Based Metrics and Performance. So what can we do about variation?

Supply Chain Design Software 195

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Design Prescriptive Analytics Software 195

SYSPRO Smarter ERP

NOVEMBER 3, 2021

can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). It is important to note that capacity may have seasonal or temporary variation. Warehousing KPIs. Outbound KPIs. Financial KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

ThroughPut

NOVEMBER 12, 2020

Lean warehousing. Usually this is done by applying the 5S system of lean, which are Sort, Straighten, Shine, Standardize, and Sustain, to the processes and procedures of the warehouse. Lean warehousing is a holistic concept aimed at tackling improvement opportunities across the supply value chain. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Production Schedules and Capacity Planning.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

SupplyShift

JUNE 10, 2020

What we found Of the companies surveyed since March, 43 percent reported that they were running at 81-100 percent of capacity, and 14 percent reported that they were actually operating at more than 100 percent of capacity. So let’s round up some of the emerging supply-side strategies and considerations. Learn more here.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

SupplyShift

JUNE 10, 2020

Of the companies surveyed since March, 43 percent reported that they were running at 81-100 percent of capacity, and 14 percent reported that they were actually operating at more than 100 percent of capacity. Similarly, this Forbes contributor says 70% of the S&P 100 are now publicly highlighting ESG metrics to shareholders.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Unleashed

AUGUST 20, 2023

Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps. Accurate planning can prevent last-minute rushes and delays.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

AUGUST 14, 2023

The purpose of production management is to create efficient processes, minimise the cost of manufacturing, and ensure production capacity is fully utilised. This technique largely relies on data-driven decisions and key performance indicators (KPIs) using problem-solving and success metrics to ascertain how your processes can be improved.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

Locus

SEPTEMBER 19, 2023

In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them. 49% of global organizations lack confidence in tracking sustainability metrics to reduce emissions and fuel consumption.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Stock availability.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). Before taking her current position, she served in several capacities including Seagate’s product design and manufacturing facilities in the U.S. and Singapore.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Unleashed

NOVEMBER 15, 2021

Then back-end systems pair tailored financial products and services to the customer based on those metrics. And as they purchase these upgrades, they want to tailor the device to better fit their needs – by choosing their processor, storage capacity, screen size and the appearance of the item, and more.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

Unleashed

FEBRUARY 23, 2023

4 ways to measure the liquidity in your business There are three common liquidity ratios for measuring the liquidity in a business: current ratio quick ratio cash ratio Additionally, the inventory turnover ratio is an equally important metric, as inventory management helps to improve the liquidity of a business.

Inventory Reduction 52

Inventory Reduction Material Savings Expense Reduction Price Reduction 52

synchrono

JUNE 4, 2018

Decreased lead times – If the organization is vertically integrated, with facilities supplying each other, increased visibility into capacity and material availability across facilities should allow production managers to optimize production schedules and resource utilization. Is it Time to Take Your Lean Initiative to the Next Level?

Supply Chain Planning Software 80

Supply Chain Planning Software Demand Planning Software Inventory Management Software Modeling Software 80

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

synchrono

APRIL 4, 2017

Demand-driven managers know that having too many metrics leads to conflicting measurements. We call these Metrics for Action. Metrics for Action. Metrics for Action are not intended for overall business analysis or for simply reporting. Alignment Between Metrics for Action and Continuous Improvement.

Metrics 68

Metrics Demand Planning Software Supply and Demand Manufacturing 68

Supply Chain Game Changer

NOVEMBER 22, 2018

You have to work within the cash that you have as well as the storage capacity available for the goods that you buy. Capacity Management. The storage capacity of the Barn and the Silo start off very small. You are able to increase capacity over time. You must work within this capacity as well.

Supply Chain Planning Software 46

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Optimization 46

Talking Logistics

JULY 14, 2015

What key metrics should they be driving for as an organization? How could the capacity crunch impact their supply chain? Lean Six Sigma is a way to not simply accept the old way of doing things, but to ask “ Why do I do that? 3PLs need to make it a point to never stop trying to understand what’s important to the customer.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Six Sigma Waste Reduction Supply Chain Planning Software 100

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. Any asset that is not producing value is considered waste, and a fundamental of “lean thinking” is that inventory is waste, and time is money.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Unleashed

JANUARY 14, 2024

The main objective of finished goods manufacturing inventory management is to reduce inventory costs, improve customer satisfaction, and optimise production capacity. Implement lean manufacturing Lean manufacturing is a business philosophy that aims to eliminate waste and improve efficiency in production processes.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Game Changer

NOVEMBER 26, 2018

So we launched our Global Process Excellence program and we restarted our Lean program to drive massive improvements in our operating efficiencies. On top of that we had a lot of excess capacity. Capacity can me measured in many ways. Capacity – Space, Time, Equipment. Benchmark metrics (eg.

Network Optimization 43

Network Optimization Network Optimization Software Price Mitigation Strategies Supply Chain Optimization 43

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. Boeing and Airbus Supply Chain Strategy Boeing wants to encourage more flight frequency and direct route using a smaller capacity aircraft. Airbus takes a bit different marketing approach.

Case Study 239

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

Talking Logistics

DECEMBER 5, 2017

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? How do I collaborate with other shippers to share excess private fleet capacity in the area?

Prescriptive Analytics Software 105

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 105

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Talking Logistics

JUNE 30, 2015

Smaller companies have lean shipping departments and are often focused on moving product with little time and energy remaining to negotiate contracts and analyze freight spend. Adopt performance metrics for carriers. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Locus

DECEMBER 23, 2022

Many retailers try to adhere to customer preference in attempting to commit to faster delivery times but fail in the long term due to capacity and cost constraints, leading to subpar delivery experiences for customers. Retailers need a robust logistics solution that helps them align their capacity with customers’ delivery preferences.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

OptiProERP

AUGUST 19, 2022

Throughput is an essential KPI , and a lean metric, as it evaluates performance. Lack of machine(s) capacity to meet demand. Throughput is the time it takes for a product to pass through manufacturing processes on a machine-by-machine basis for a defined period. It is key to understanding how your manufacturing team is doing.

Manufacturing 52

Manufacturing Resource Reduction Waste Reduction Expense Reduction 52

USC Consulting Group

APRIL 9, 2021

Deployment — Raw data has been fully refined and is now formatted to be used in near-limitless applications, whether represented as metrics, reports, or other digestible and actionable forms. Evaluation — A series of human and machine-driven quality control processes to ensure data is properly mapped and accurately compiled.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 52

Kinaxis

SEPTEMBER 28, 2015

In case you’re not familiar with the term, a sharing economy is basically a way to enable the optimization of resources through the redistribution, sharing and reuse of excess capacity in goods and services through collaborative consumption. Think Uber , Airbnb , and other peer-to-peer lending services. Internet of and for Things.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Analytics Software Logistics Network Optimization Software 100

OptiProERP

AUGUST 17, 2022

The difference between KPIs and metrics. They are the most critical metrics used by manufacturers to improve customer satisfaction, productivity, and lower costs. What is the difference between KPIs and metrics? KPIs are also metrics, but not all metrics are key performance indicators. Capacity Utilization.

Manufacturing 52

Manufacturing KPI Expense Reduction Cost Reduction Strategies 52