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 86

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 86

Valogix

MAY 1, 2023

Most small businesses use an ERP system from companies like SAP, NetSuite and Microsoft. But they fall short of providing inventory optimization and rationalization. Achieving a well-balanced, efficient inventory is no small task as supply chain complexity is ever increasing. How do you get there?

Metrics 52

Metrics Inventory Supply Chain Planning Software SAP 52

Logistics Viewpoints

FEBRUARY 3, 2022

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

Inventory Reduction 290

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

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

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

OCTOBER 16, 2023

For most companies, building a great S&OP process is a missed opportunity. Most companies buy decision support technology, but do not redefine work to improve decisions. A shift from functional metrics to a balanced scorecard. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it?

S&OP 309

S&OP Supply and Demand Forecasting Supply Chain Design Software 309

Kinaxis

JUNE 22, 2015

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

Logistics Viewpoints

JUNE 1, 2021

This got me thinking, ”What is the purpose of having a father’s day promotion if people like me can’t find the right size for their dads?”, “What did the company do insufficiently? Why should we consider Promotion Planning in Inventory Management? No company is willing to stay a step behind their competitors.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

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 83

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 83

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. An average margin of 21% with inventory turns of 1.58

Supply Chain Planning Software 281

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 281

Supply Chain Shaman

JANUARY 2, 2024

We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. Collectively, these companies are not resilient. They underperform in their peer groups against companies weaker in planning. I recently completed qualitative interviews with twenty companies.

Gartner 266

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 266

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 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. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 204

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 204

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

MAY 15, 2023

When I use the research, I keep the information on the respondent–name, company, title, and individual comments–confidential. Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics. The metrics defining success in manufacturing and procurement do not align.

Manufacturing Procurement 424

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 424

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. Gartner delved into this issue in a recent report, Build the Capability for Inventory Health Assessment.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

ToolsGroup

JANUARY 30, 2024

Optimize inventory productivity across all channels with JustEnough v2023.4 we have advanced our wholesale planning capabilities so that users can explicitly address key planning functions needed to fully optimize inventory productivity. Wholesale channels are no longer a backup channel for retailers. In our latest release, JE 2023.4,

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 156

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. Using Logility, they first aggregated their enterprise inventory and logistics data with two external data feeds.

Inventory Reduction 134

Inventory Reduction Inventory Logility Logistics Network Optimization Software 134

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. DSO – Days Sales Outstanding.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

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

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 93

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 93

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

Supply Chain Shaman

MARCH 21, 2024

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. Early in the 1980s, the company invested in an IBM/360 mainframe along with three “portable computers.”

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Here’s a look at our top seven.

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Notice that it’s direct materials.

Manufacturing Procurement 90

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 90

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 387

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 387

Supply Chain Game Changer

AUGUST 24, 2022

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Companies in all different industries need to have inventory in stock in order to remain afloat and deliver their products to customers in a timely manner and avoid inventory management mistakes.

Inventory Management Software 93

Inventory Management Software Inventory Management Inventory Reduction Inventory 93

ToolsGroup

JANUARY 22, 2020

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. I want to let you in on a secret: software companies are happy to sell you something you don’t need. Of course, you’ll never want to deal with that company again.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

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. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. The metrics were not aligned.

Supply Chain Planning Software 313

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 313

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 317

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 317

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

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

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

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

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

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Often, the purpose of sourcing is simply for companies to find the supplier or vendor that offers the best price for the required item. Goals beyond the best purchasing price fall into strategic sourcing.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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