Talking Logistics

SEPTEMBER 12, 2017

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. For companies, this is an unsustainable attitude of complacency at the employee level and one that can stagnate progress in many ways. As a leader, you need many tools to eliminate this mindset.

Metrics 106

Metrics Supply Chain Planning Software Supply Chain Software Supply Chain Planning 106

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The handful of companies in the top quartile of working capital performance had working capital expenditures as a percentage of overall revenues of between 6% and 10%. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

GlobalTranz

MAY 12, 2016

Business practices have become synonymous with the application and collection of data for continuous improvement. However, most of today’s data goes unused and represents a lost opportunity to the company. Unfortunately, data lacks value if not properly cleansed, transformed, and applied.

Metrics 120

Metrics Logistics Network Optimization Software Supply Chain Optimization Supply Chain Strategy 120

Supply Chain Shaman

JULY 25, 2021

Only four percent of companies outperformed their peer groups. While market potential declined, individual company performance declined faster. I strongly believe that we adopted practices in the last two decades that degraded performance and threw companies out of balance. The Focus Inside-out Supported by Functional Metrics.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

ThroughPut

FEBRUARY 15, 2023

Any company invested in the global economy depends on its supply chain to be the foundation of the business. Everything is built on top of it, including the company’s environmental footprint. These include the speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics.

S&OP 93

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

Logility

AUGUST 14, 2023

The presence — or absence — of required data is going to have an impact on the metrics being used to measure the success of the project. Setting goals without understanding what data is available and required risks sending the project and its metrics off course. Some organizations will want to focus on improved forecasting.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

GlobalTranz

MAY 20, 2015

We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition. When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

QAD

JUNE 18, 2019

In 1964, the average tenure of companies on the S&P 500 was 33 years. based companies can expect to only be listed on the S&P 500 for 12 years before they fall off the list. What’s even more concerning is that almost half of all S&P 500 companies will either fail or be replaced over the next 10 years.

Resource Reduction 100

Resource Reduction Supply Chain Planning Software Modeling Software Manufacturing 100

Synovos

OCTOBER 30, 2023

How one reacts to such a hurdle defines a company and its culture. It is our responsibility to know their business inherently and introduce new savings opportunities and continuous improvements to continue driving those savings. That is exactly what we did.” There are 14 other sites that receive procurement support.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. What makes the company believe that they are best practices? In my work with companies, I see many planning deployments destroying value.

Supply Chain Planning Software 308

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 308

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Supply Chain Shaman

MARCH 28, 2016

The average manufacturing company’s supply chain organization is 15 years old. Historically, the traditional supply chain focused on improving costs. While companies want to improve supply chain performance and drive value, it is easier said than done. For many companies, improving results is elusive.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

QAD

SEPTEMBER 21, 2023

Emerging markets are changing where — and how — companies do business. Your company needs to know the risk factors that exist in each market. Done right, compliance leads to improved profit margins and competitive advantages. Global trade is not static, and certainly not immune to political wrangling.

Supply Chain Software 97

Supply Chain Software Real-time Visibility Predictive Analytics Software United States 97

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process. The company got them.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

QAD

JUNE 20, 2023

A well-functioning supply chain ensures that a company has the right materials, at the right time, in the right quantities, to meet customer demand. Manufacturers invest a great deal in resources to improve manufacturing efficiency and streamline their operations. However, achieving this level of efficiency can be challenging.

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 90

Kanban Logistics

OCTOBER 31, 2023

For larger companies with predictable sales volumes, there is also dedicated warehousing. This can lead to reduced order fulfillment times, improved accuracy, and lower inventory costs. Reduced risk: Outsourcing warehousing services can help companies reduce their risk in a number of ways. on-time shipments).

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

Tompkins Blog

JANUARY 13, 2014

These skills vary, including obtaining benchmark metrics with best in class operations and/or key competitors. They can also require identifying the right processes, practices, and enabling technologies that should be analyzed to identify areas where high value improvements are possible.

Continuous Improvement 45

Continuous Improvement Pharmaceutical Supply Chain Design Software Supply Chain Strategy 45

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Furthermore, They are tasked with developing strategies, managing relationships with suppliers and partners, and continuously improving the supply chain. Get your guide now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Elementum

FEBRUARY 7, 2024

Technologies Driving AI Business Process Automation Intelligent automation technologies are now essential for companies to streamline their processes and improve efficiency. These evaluations should guide towards continuous improvement. This allows companies to make more informed, strategic business decisions.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Precoro

FEBRUARY 26, 2024

A cost center is a department in a company where costs are incurred. However, despite not directly generating revenue, cost centers are necessary for a company’s uninterrupted functioning. The former can be easily eliminated without affecting the company's ability to function properly.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

The Logistics of Logistics

FEBRUARY 15, 2013

A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation. Habit 3 – Process Oriented.

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

OptiProERP

APRIL 9, 2024

Continuous improvement initiatives help enhance product quality and customer satisfaction. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Quality Assurance Quality assurance ensures that products meet predefined quality criteria.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

GlobalTranz

DECEMBER 8, 2021

Company background. Introduce your company and your unique shipping needs. Ask foundational questions to help you understand a provider’s business capabilities, how they will meet your requirements and their scalability as your company grows. 10 Freight RFP Components for Success. Objectives and goals.

Freight 226

Freight Network Optimization Software Modeling Supply Chain Planning Software 226

QAD

APRIL 13, 2023

For example, rather than hiring someone with the required skill set, many companies are investing in training and development programs to upskill their workforce, and ensure that their employees are equipped with the skills needed to succeed in their role.

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

Logility

JANUARY 26, 2024

However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supply chains have demonstrated. Enter our list of supply chain trends for 2024. The same holds for the supply chain organization.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

BlueYonder

FEBRUARY 19, 2024

Sustainability, Waste Reduction and Eco-Efficiency Metrics Shift focus to sustainability by monitoring and improving waste reduction and eco-efficiency metrics. This involves rethinking supply chain processes to meet both economic and environmental goals.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Waste Reduction Inventory Reduction 52

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

Elementum

FEBRUARY 7, 2024

Understanding Business Process Management (BPM) Business Process Management (BPM) is a methodology that involves the analysis and improvement of business processes to enhance efficiency and effectiveness. It rests on a few core principles such as continuous improvement, process effectiveness, and efficiency enhancement.

Resource Reduction 78

Resource Reduction Optimization Software Waste Reduction Cost Reduction Strategies 78

Operations and Supply Chain Management

NOVEMBER 21, 2023

It also facilitates inputs from various external sources, including suppliers and customers, which can help synchronize schedules and improve planning accuracy. Companies should ensure that their data is up-to-date, accurate and visible to all relevant stakeholders.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Supply Chain Planning Optimal Sourcing 40

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? Read below for a guide to solving the SIOP puzzle for your organization. . What is a SIOP Process? .

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Elementum

DECEMBER 14, 2023

Metrics to Measure Success Once automation has been implemented, it’s crucial to track its success through Key Performance Indicators (KPIs) and other metrics. Remember to review and adjust your automation strategy based on these metrics and evolve your processes to maximize efficiency and effectiveness.

Supply Chain Software 78

Supply Chain Software Optimization Software Resource Reduction Supply Chain Planning Software 78