Unleashed

MARCH 9, 2021

One challenge of modern purchase management is that many organisations lack a formal company-wide strategy to achieve value through their procurement activities. This makes it hard to determine if procurement is contributing to company objectives and if so, how that contribution is measured. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

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. Equipment depreciation.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Supply Chain Shaman

SEPTEMBER 28, 2022

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. As a result, companies are writing new case studies through their actions or inaction. The manufacturing-centric company is used to strangling suppliers and demanding terms. Business continuity is the overarching issue.

Manufacturing Procurement 195

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

Supply Chain Shaman

JULY 25, 2021

To make the point, let me share an orbit chart for four industries (reference Figure 1). Only four percent of companies outperformed their peer groups. While market potential declined, individual company performance declined faster. The focus on Enterprise Resource Planning (ERP) sucked up company resources.

Procurement Analytics 370

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

GlobalTranz

JULY 22, 2019

Key performance indicators (KPIs) refer to the targeted goals that rely on metrics to provide a snapshot of the health of your operation. They connect data and metrics with an evaluation of whether your operation performs as expected and what strengths or weaknesses may exist.

Transportation Management 166

Transportation Management Transportation System Metrics 166

ToolsGroup

JUNE 2, 2023

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. The larger the company, the greater the danger of duplicative, conflicting, or siloed systems. That’s not good news for a company’s bottom line (or for the environment ).

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Supply Chain Shaman

FEBRUARY 18, 2021

No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts. Companies need an easy-to-use sandbox deployment to visualize supply chain constraints and the impact of variability. (Check out some of the work that Blume Global is doing in this area.). What are functional metrics?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Logistics Viewpoints

NOVEMBER 3, 2022

The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.

Supply Chain Design Software 212

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 212

Supply Chain Shaman

DECEMBER 13, 2021

Few companies ask the question of. How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment? “What should they stop doing?

Cost Reduction Strategies 351

Cost Reduction Strategies Price Mitigation Strategies Supply Chain Strategy Supply Chain Design Software 351

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

synchrono

MARCH 6, 2017

For s omeone who is a Constraints Management person, this is the equivalent of saying “Ni” to the Knights Who Say Ni (Monty Python reference, okay?) When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics).

Metrics 82

Metrics Waste Reduction Resource Reduction Cost Reduction Strategies 82

Logility

AUGUST 25, 2020

Each of these events was completely devastating to the company concerned. Contributed heavily to company closure. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. The top five KPIs for Service Excellence companies are: Call volume and queue.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Locus

APRIL 18, 2023

This presents a lucrative opportunity for logistics companies such as retail, e-commerce, and other logistics providers. Here are the top last-mile logistics software companies in Indonesia to watch out for: Locus Locus is an all-in-one dispatch management platform that assists in making intelligent decisions for your last mile.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Indonesia Optimization Software Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Efficiently managing these processes is vital for companies to meet customer demands, minimize costs, and maintain a competitive edge. Through machine learning and data analytics, companies can gain valuable insights from extensive datasets, supporting decision making.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logistics Viewpoints

APRIL 11, 2024

If you’re a pharmaceutical company, you fear the hit to your business, both headlines and bottom line. Facing pressure to both ensure access and capture profits before the patent window expires, companies are loathe to lose sales. Historically these roles are siloed, focused on their own functional metrics.

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

Supply Chain Shaman

MARCH 5, 2019

In many deployments of telematics, companies get visibility on truck status, but the data is an overkill. What most companies want is a system with prescriptive analytics to tell them when a shipment is expected to be late and what action to take. Make sure that the data is harmonized to ensure all data has the same time reference.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

GlobalTranz

AUGUST 26, 2021

But there are times when it becomes necessary to outsource the entire process thoroughly, which many refer to as transportation as a service. The industry continues to boom, and companies will continue to grow in response to consumer demand. Around-the-clock, anywhere access empowers global operations with advanced metrics and data.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Transportation Management 3PL Optimization Software 283

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. COVID of course taught companies the need for agility. Descartes is a public company headquartered in Waterloo, Canada. 65,000 companies use the platform. $1

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

Locus

APRIL 13, 2023

This newly-added focus has pushed companies to invest in logistics software that helps them improve their delivery process and make it more customer-friendly. So, if your business is looking for the top logistics software companies, you’ve come to the right place. Let’s dive in! appeared first on Locus Blog.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

ToolsGroup

JUNE 8, 2021

A proof of concept (POC) is an increasingly common method to select the best supply chain software vendor for your company, yet many supply chain practitioners still lean on the traditional RFI (request for information) tool. 6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics.

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

Logistics Viewpoints

JULY 19, 2023

As I have written about before, supply chain sustainability , or the notion of going green, is a hot topic as companies and countries look at their overall carbon footprint and look for ways to be more environmentally friendly. However, for top performing companies, these percentages jump to 52 percent and 60 percent respectively.

Sustainability 193

Sustainability Optimal Sourcing Logistics Material Savings 193

Logistics Viewpoints

APRIL 6, 2023

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

EcoVadis

MAY 31, 2018

There has been very positive reaction, and we’ve even seen a couple other loans announced, both of large listed companies. The majority of the activity in sustainable finance relies on “ESG” sustainability ratings of public companies only. Why is it advantageous for a company to seek an EcoVadis rating?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

QAD

OCTOBER 18, 2022

Let’s face it, change is constant and companies need to rapidly respond to the unexpected changes. Consumers Want to Buy from CSR Compliant Companies. As previously mentioned, your company may need to extract supplier risk information from multiple sources to capture all the risk factors that can impact your business.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

ThroughPut

AUGUST 18, 2023

Supply Chain Management KPIs That Demonstrate Impact on Financial Performance As the above image outlines, finance is particularly interested in all the metrics on the left hand side including revenue growth, cost of goods sold, days in inventory and fixed assets utilization. These directly affect business performance. Here’s how.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Material Savings Expense Reduction 52

SCMDOJO

FEBRUARY 29, 2024

Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. Supplier Approval – Places the company on the approved supplier list following the supplier evaluation process. The questions that are most often asked are: What metrics should I use? How is it possible?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Shaman

SEPTEMBER 22, 2022

Companies would be better served to measure plan adherence, plan quality, and process latency and train their planners while saving the time and energy of thinking about lights-out planning. For more on the building of the planning master data layer, reference the ASCM presentation from last week.) These concepts are new.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

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

SYSPRO Smarter ERP

APRIL 24, 2023

Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer. Sourcing and receiving — most companies use suppliers to provide parts or materials or a product. Manufacturers as well as consumer-oriented businesses need to embrace better fulfilment experiences for their customers.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 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

Logility

OCTOBER 28, 2021

Like every other entity across the earth, your company has an impact on the society around it. Corporate social responsibility (CSR) represents the idea that every company bears a responsibility to the societies that exist wherever it operates or has partners. Socially responsible” means different things to different companies.

Waste Reduction 131

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 131

Supply Chain Insights

JUNE 1, 2017

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. Cross-Company Academy is a 7 month online training course, Bootcamp is a 2 day in-person training course.)

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

Supply Chain Shaman

FEBRUARY 14, 2022

In 2022, I frequently ask companies to draw their river of demand. The process designed to help companies manage constraints outside of lead time took on a life of its own. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) The process mistakes include: Mistake #1.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

DECEMBER 13, 2021

Few companies ask the question of “What should they stop doing? How do we design work systems to align organizations and ensure that there is the right balance of reward systems with metrics? Is there a need to redesign metrics to move from a functional and traditional function to drive goal alignment?

Sourcing Strategies 195

Sourcing Strategies Cost Reduction Strategies Supply Chain Design Software Price Mitigation Strategies 195

Unleashed

NOVEMBER 15, 2021

Mass customisation can generally only be achieved by a company that works smarter, not harder. A modular approach means a company can standardise the components it buys or produces. Then back-end systems pair tailored financial products and services to the customer based on those metrics.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98