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. Inventory Turns and Sales-to-Inventory Ratio.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

Supply Chain Shaman

JANUARY 8, 2024

An analysis of improvement, performance, and value of over 500 public companies in 28 industries over a decade. (I Smaller Focused Companies Win. When compared to the peer group performance, smaller and regional players outperform larger companies. All companies in the sector are struggling. I posted my working summary.)

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. Data maturity is not just about collecting data, companies already do that in many systems.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. For example, in manufacturing, the shift in focus is away from OEE to focus on first pass yield and schedule adherence.)

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Supply Chain Shaman

FEBRUARY 1, 2024

He feels he has the answer for companies. ” However, his company remains small with a couple of clients. If it was an answer, why is the company not growing? As I analyze business results , I see that most companies are really stuck. How did the company perform against the plan?” On average, it takes 2.8

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Supply Chain Shaman

NOVEMBER 21, 2023

He was proud of his work at the company, and made many strides to drive improvement, but was forced to leave. I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. The metrics were not aligned.

Supply Chain Planning Software 325

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 325

Supply Chain Shaman

JANUARY 9, 2024

Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. Most companies are not clear. Congratulations to the 34 winners.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

Supply Chain Shaman

JULY 19, 2020

My second observation is that for 96% of public companies supply chain excellence is slip-sliding away. The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. The supply chain today efficiently pollutes the planet but does not create value for 96% of public companies.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. Optimize spare part inventories.

Manufacturing Procurement 156

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

SYSPRO Smarter ERP

OCTOBER 30, 2023

Why quality management is important Quality management consists of the inspection and measurement of products to ensure that they meet specifications at various points along the manufacturing chain. A completed unit rejected for quality will cost a company far more than if it was identified earlier. Then there are the hidden costs.

Quality 105

Quality Manufacturing Supply Chain Design Software Supply Chain Planning Software 105

Silvon Software

JUNE 11, 2020

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today.

Metrics 78

Metrics Manufacturing Forecasting Inventory Reduction 78

Logility

FEBRUARY 23, 2021

The company felt their routes and stopping points caused inefficiency, but they also wanted to forecast the impact of extraneous factors such as weather, road construction, and traffic patterns. Add to that over 2,500 parts from over 200 manufacturers and this became a significant supply chain opportunity.

Inventory Reduction 134

Inventory Reduction Inventory Logility Logistics Network Optimization Software 134

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 81

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 81

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. In this guide: What is raw material inventory management? Let’s dive in.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Sadly, most of it is the wrong inventory. Despite spending 1.1%

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

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

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. The company needs to focus on the design of flows, building outside-in processes, creating an effective supplier development group, reducing complexity, and driving bi-directional orchestration to a balanced scorecard. COVID impacts also continue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

DECEMBER 28, 2020

Strangely, in the last decade, while companies had the opportunity to use technology better, supply chain performance declined. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. Days of Inventory Comparison.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ToolsGroup

JANUARY 15, 2024

The software company earns Leadership recognition in supply chain planning and demand planning across regions. That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers. Across all report categories, less than 4% of products and services earn Leader recognition.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

OptiProERP

FEBRUARY 8, 2024

Additive Manufacturing (AM), often called 3D printing, has emerged as a revolutionary technology potentially transforming traditional production processes. This blog post will explore the intersection of additive manufacturing and ERP. This blog post will explore the intersection of additive manufacturing and ERP.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

Supply Chain Shaman

JANUARY 7, 2015

Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. Achieving Balance in Metrics. I have three.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Isn’t time important? Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

OptiProERP

APRIL 25, 2023

As a manufacturer, tracking logistics key performance indicators (KPIs) can help you identify areas of improvement and optimize your supply chain. However, with so many metrics to track, it can be overwhelming to know where to start. This metric can help you identify areas for improvement in your order fulfillment process.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Expense Reduction Manufacturing 52

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. Manufacturing KPIs. can be measured to define this metric. . – can be measured to define this metric.

Manufacturing Procurement 105

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

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

QAD

JANUARY 6, 2022

In 2020, Deloitte conducted an extensive survey about digital transformation and found that: “Digitally mature companies enjoy a wide range of specific benefits arising from their digital transformations that include, but go well beyond, the bottom line. Did You Miss the QAD Tomorrow: Digital Manufacturing Event? Is it realistic?

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Optimization Software Tools 93

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Logistics Viewpoints

JUNE 29, 2023

However, recent disruptions have highlighted the vulnerabilities of these complex networks, resulting in significant financial losses for companies. Supply Chains Under Disruption: A Financial Toll Recent years have witnessed several disruptions that have shaken global supply chains, causing major financial setbacks for companies.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. The process designed to help companies manage constraints outside of lead time took on a life of its own.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

QAD

MARCH 28, 2019

Very little has more impact on a company’s success than customer satisfaction. Most people realize that on-time delivery plays a key role in how business’ satisfy customer needs, but customer satisfaction can be an expensive undertaking if the company doesn’t manage all aspects of customer service and the business processes that affect them.

Customer Service 81

Customer Service Metrics Forecasting Forecasting Software 81

Logility

JANUARY 4, 2022

The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. ATLANTA – Jan. 4, 2022 – Logility, Inc., About Logility.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Unleashed

OCTOBER 31, 2023

It’s an essential process for achieving maximum success in manufacturing. Workforce optimisation (WFO) refers to the practices and tactics a company implements to improve its employees and organisational efficiency. Greater efficiency WFO practices improve manufacturing efficiency and eliminate waste. Let’s dive in. Here’s how.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Logility

AUGUST 7, 2023

The first example I gave is leading to potential loss of sales, which is difficult to quantify unless your company keeps track of customer repetitive buys and/or inquires, which could be fulfilled directly. There are simple metrics, which indicate the linkage between parts availability and additional sales.

Customer Service 214

Customer Service Supply Chain Planning Software Optimization Software Logility 214