SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

Supply Chain Shaman

DECEMBER 7, 2023

We are not clear on definition. In short, resilience is what keeps things running during a disruption — and what helps companies get back on track afterward. So, if you use the Supply Chain Insights definition, you might ask, how are we doing commercially against this goal? Align on definitions. The reason? My conclusion?

Supply Chain Design Software 320

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 320

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Silvon Software

MARCH 3, 2023

A Few Important KPIs for Tracking S&OP Performance As a long-time provider of business intelligence applications for manufacturing and distribution businesses, Silvon has played a key role in helping our clients define and implement performance metrics that align their S&OP initiatives with their corporate goals. logistics firms).

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Supply Chain Shaman

APRIL 16, 2024

The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supply chain planning. Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Supply Chain Shaman

JULY 23, 2023

I never republished the report, because not enough has changed to warrant it.) The report centers on the concept of moving from inside-out to outside-in technologies. This model reminds me of a snail. In each phase, companies refine the models until they find that the future is discontinuous.

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 343

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

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

Precoro

APRIL 6, 2022

If you're reading this now, then you’ve probably noticed how outdated traditional procurement systems recede into the past and are replaced by new modern solutions. What is Cloud Procurement? Let's start with a quick definition of cloud computing. Three Categories of Cloud Procurement.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

EC Sourcing Group

JUNE 28, 2022

“Tail Spend” refers to all of the high-volume, low-cost expenses a company incurs that aren’t typically managed, let alone optimized. Tail spend examples include purchases that are often too small to go through procurement, such as basic office supplies or employee gifts. What Is Tail Spend?

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Analytics Software Optimization Software 52

SCMDOJO

JULY 3, 2023

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Supply Chain Shaman

NOVEMBER 11, 2020

This is true even though we are not clear on the definition of next-generation processes. As companies wrestle with pandemic results, they must face the reality that a new form of decision support is required to sense market shifts in markets and make decisions at the speed of business. Top Three Challenges for Supply Chain Employees.

Supply Chain Design Software 312

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 312

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

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S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

Supply Chain Shaman

JUNE 30, 2023

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. His organization purchased an advanced planning technology from well-known best of breed provider, and the implementation should have been successful, but it was not. Let me explain.

Supply Chain Planning Software 329

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 329

Unleashed

FEBRUARY 12, 2024

Capital costs Capital costs represent the opportunity cost of the funds tied up in inventory. This includes the cost of capital used to purchase inventory, which could have been invested elsewhere for potential returns. The company rents warehouse space to store its inventory of electronic items.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. These metrics help measure how fast your supply chain is creating value.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Supply Chain Shaman

NOVEMBER 21, 2022

Definition of Confirmation Bias. So, I smile, catch my dinner partner’s eye and ask, “In our prior conversations, you mentioned the lack of clarity on the definition of supply chain excellence in your current deployments and how this is a barrier to implementing supply chain planning properly. The methodology is simple.

Supply Chain Planning Software 303

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 303

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Whether you measure purchase orders or customer orders—and you should do both—high numbers indicate problems in your inventory planning and flow.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

MAY 1, 2023

The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. It helps purchase managers determine the optimal reorder and safety stock levels based on historical company data. The Y axis of an inventory control chart represents order quantities.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. In each industry sector, companies face unprecedented variability. I pulled up my covers to go to sleep four hours later.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

MARCH 12, 2019

The confusion starts when a supply chain leader states the need for improved visibility without a clear definition. The IT taxonomy for visibility is supply chain analytics. In 2004-2006, Greg Aimi (now a Gartner analyst) and I worked on a common definition of visibility for over a year. Visibility Maturity Model.

Prescriptive Analytics Software 177

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 177

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. Let’s start with a basic definition.

Optimal Sourcing 349

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 349

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. How did the company perform to the plan?

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. Each company ranks in the 4% of companies beating their peer groups. No technology company is attacking supply chain planning at the center. I am also developing a framework for my new book.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks. Stalling Demand.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Supply Chain Shaman

SEPTEMBER 5, 2022

Currently, companies struggle with rolling electric outages in China. Only 7% feel that their company managed disruption well. These teams are also more advanced in the use of planning and more advanced analytics concepts. In Table 1, to help the reader, we share the definition of the form and function of inventory.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 239

Unleashed

AUGUST 6, 2023

In this competitive pricing guide Competitive pricing definition Competitive pricing is a sales and marketing strategy that involves manipulating price points in a business to match or beat the pricing of its competitors. If you’ve ever used ride-sharing apps like Uber, you’ll be familiar with the surge in cost when demand is higher.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Logility

JANUARY 26, 2017

I would take this a step further and say you can't know whether or not you are successful unless you have also defined what success is and track against that definition. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) I did not think that anyone had a clear definition of supply chain excellence. My desire was to make the rankings of the Top 25 supply chain report data-driven based on balance sheet results. I wanted to help companies drive step-changes in performance. Reflection.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. The supplier then acknowledges the purchase order.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

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Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90