DELMIA Quintiq

JANUARY 11, 2021

The global wire and cable manufacturing industry is slated to be valued at US $232 billion by 2025 at an annual growth rate (AGR) of approximately 5 percent. However, gradually complex manufacturing environments may prove to be a challenge for those who struggle with demand forecasting accuracy.

Modeling 268

Modeling Scenario Planning Optimization Modeling Supply Chain Optimization 268

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Improving those KPIs would help them emerge stronger and more confident with supply chains that are more resilient to future disruptions.

Manufacturing Procurement 105

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

Logistics Bureau

OCTOBER 30, 2017

But my Take on KPIs is this… 1) Don’t have too many! I’ve literally seen KPI “packs” the size of phone books, and even KPI sets circulated as a monthly magazine… that no one reads. Supply Chain KPI Tips. All you need to know about Supply Chain KPIs. All you need to know about Supply Chain KPIs.

KPI 94

KPI Guinea-Bissau Virgin Islands Papua New Guinea 94

Logistics Viewpoints

JUNE 22, 2023

Adding this key performance indicator (KPI) to your supply chain allows businesses to measure themselves while being able to evaluate the performance of all the participants in the commerce ecosystem. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. To read the full article, lick HERE.

Supply Chain Software 189

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 189

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 89

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 89

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. After reading, you will be better informed about the most appropriate KPIs for IM and know the more commonly used ones. 10 Invaluable KPIs to Track Inventory Management Performance.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

DELMIA Quintiq

APRIL 23, 2020

This creates a need for frequent rescheduling, but many steel companies do not have the scheduling support to cope with those changes while also maximizing the hot charging rate. That’s how we’ve helped some of the biggest players in the metals industry reduce their planning efforts by 75% and achieve 40% less inventory.

Scenario Planning 234

Scenario Planning Manufacturing Supply Chain Planning Software Resource Reduction 234

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

Logistics Viewpoints

APRIL 19, 2023

Third, is autonomous planning feasible for all companies of all sizes? And finally, how does a company achieve autonomous planning? Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores. Some companies have started this journey with Excel-based manual processes.

Supply Chain Planning Software 220

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 220

Synovos

MARCH 11, 2024

The Benefits of Outsourcing MRO Integrated Supply Chain for Food Manufacturers When RS Integrated Supply first started managing Maintenance, Repair and Operations (MRO) for one US food manufacturer, the client was a fledgling company. “I Food production is, however, different to other areas of manufacturing in crucial ways.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Regularly review and update your stakeholder-focused KPIs based on changing stakeholder needs or emerging trends.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

Logistics Bureau

OCTOBER 9, 2017

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. You’ll hear a lot in different organisations about KPIs, but that doesn’t mean they are always used effectively. As the name indicates, KPIs concern “key” areas of the business.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 40

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. The purchasing department plays a critical role in the success of an organization.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ToolsGroup

JULY 6, 2023

Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making. We’re thrilled that so many companies have benefited from our AI-powered capabilities, and we’re grateful to have so many enthusiastic and knowledgeable customers around the globe.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

Taulia

NOVEMBER 28, 2021

Inventory management is a core procedure in most businesses’ daily operations, ensuring that goods and materials are where they ought to be when they’re needed. But to get the most out of your inventory management process, you need to intelligently monitor performance. Average inventory. Inventory accuracy.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

DELMIA Quintiq

OCTOBER 25, 2015

To meet consumers’ increasing appetite for choice, Fast Moving Consumer Goods (FMCG) manufacturers develop a huge amount of Stock Keeping Units (SKUs). This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand. The bottom line: Companies need to significantly reduce their lead times.

Packaging 120

Packaging Manufacturing Resource Reduction Inventory Reduction 120

BlueYonder

APRIL 9, 2024

For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Dealing with each area — planning, manufacturing, distribution, fulfilment, etc. —

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

The Smart Software

JULY 31, 2023

Often companies will insist that they “don't use forecasts” to plan inventory. They often use reorder point methods and are struggling to improve on-time delivery, inventory turns, and other KPIs. The post Everybody forecasts to drive inventory planning. It’s just a question of how.

Forecasting 84

Forecasting Forecasting Software Supply Chain Planning Software Inventory 84

Supply Chain Game Changer

JULY 21, 2021

Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

AIMMS

FEBRUARY 16, 2021

Many companies struggled to link longer term plans with unexpected short term supply and demand issues. Our research shows that many companies have already embraced S&OE as part of their processes. Namely, manufacturing, food, and healthcare. 2020 was full of surprises. Only 7% of respondents use an off-the-shelf package.

Modeling 311

Modeling Scenario Planning Supply Chain Planning Software S&OP 311

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Unleashed

NOVEMBER 20, 2023

Supply chain optimisation helps manufacturing businesses drastically reduce operational costs to improve revenue and customer satisfaction. In our latest Supply Chain Roundtable, four experts share their advice and experience around optimising the manufacturing supply chain. And you’d be right – they’re certainly a factor.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

OptiProERP

AUGUST 19, 2022

Throughput is the time it takes for a product to pass through manufacturing processes on a machine-by-machine basis for a defined period. Throughput is an essential KPI , and a lean metric, as it evaluates performance. It is key to understanding how your manufacturing team is doing. How Can You Increase Throughput?

Manufacturing 52

Manufacturing Resource Reduction Waste Reduction Expense Reduction 52

ToolsGroup

NOVEMBER 2, 2020

When the COVID-19 outbreak began, the company quickly transitioned into face mask production, supplying hospitals and healthcare facilities with millions of units of coffee-filter-shaped PPE. 2 Crucially, an effective cross-functional and collaborative S&OP process addresses most of companies’ top supply chain goals.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Silvon Software

APRIL 11, 2024

By leveraging data to create personalized customer experiences, companies can enhance satisfaction and loyalty, which are critical for sustaining growth in competitive markets. By analyzing trends, market conditions, and internal performance data, companies can better anticipate challenges and devise strategies to navigate or mitigate them.

Predictive Analytics 92

Predictive Analytics Analytics Software Analytics Sourcing Strategies 92

Logistics Bureau

OCTOBER 20, 2021

It’s not uncommon though, for companies to make the mistake of over-complicating their supply chain performance monitoring. While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Unleashed

JUNE 8, 2020

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020. KPIs are real-time and comparative.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72

Silvon Software

MARCH 3, 2023

Key to that is understanding what you should measure to assess your S&OP effectiveness, where to set your Key Performance Indicators (KPIs) and the most optimal methods you should use to analyze your data to improve performance. Delivery metrics can vary in terminologies, measurement methods, and variables from one company to the next.

S&OP 111

S&OP Procurement Analytics Supply and Demand Analytics Software 111

Precoro

OCTOBER 10, 2022

The answer is simple: through KPIs. Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. What Are Procurement KPIs, and Why Use Them? Procurement KPI Categories. Cost-saving KPIs: Procurement ROI.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

DELMIA Quintiq

DECEMBER 23, 2014

This means that creating forecasts and promotional and pricing plans must be integrated with functions including distribution, operations planning, and manufacturing. Tip 5: Close the inventory gap between model and reality. Flawed inventory data leads to plans that are of little practical use. Tip 6: Break down the demand plan.

Modeling 299

Modeling Supply Chain Planning Software Inventory Reduction Scenario Planning 299

Unleashed

DECEMBER 11, 2022

For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes. High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

DELMIA Quintiq

AUGUST 23, 2016

Meat manufacturers usually suffer from the lack of cross-functional visibility as well as cross-company visibility. What is distracting meat manufacturers from building efficient plans? It’s also a very important topic for meat manufacturers, and it’s also a difficult one as shelf life changes throughout the production process.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Manufacturing 120

Logistics Viewpoints

DECEMBER 5, 2022

The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. It is part of Koch Industries.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

ToolsGroup

OCTOBER 7, 2020

Worldwide, the Melitta Group manufactures and markets a full range of coffee preparation products, and a wide variety of consumer products including foils and wraps, air cleaners and humidifiers, vacuum bags and cleaning products. SO99+ supports MSE’s S&OP efforts in a way that had not been possible before, enabling the company to:?.

ToolsGroup 156

ToolsGroup Modeling Supply and Demand Supply Chain Planning Software 156