Supply Chain Shaman

MARCH 27, 2023

Definitions: Oxymoron: The combination of contradictory or incongruous words (such as cruel kindness) Juxtaposition: The act of placing words or concepts close together or side by side, for comparison or contrast. ” Today only 7% of manufacturers are innovators. What makes the company believe that they are best practices?

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 322

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Functional Intitiatives Without Clarity on Supply Chain Strategy.

Procurement Analytics 370

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

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) For example, client-server to cloud architectures offered great promise for process innovation, but companies just moved their processes without asking how to drive new levels of value from technology. In Table 1, I share a comparison of the two methods. What do you think?

Gartner 198

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

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Based in Paris, L’Oréal is a global personal care manufacturing company.

Case Study 265

Case Study Inventory Reduction Agile and Lean Supply Chain Study 265

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. In this case, the supplier receives a commission from both the customer and the manufacturer. Let's imagine a company A, that manufactures a finished product – sneakers. Blurred lines.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. By comparison, vendors have been investing in advanced technologies such as artificial intelligence (AI) and advanced analytics to enhance their offerings. For example ….

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” Let’s take an example. A common issue in financially-driven companies is the heavy utilization of manufacturing assets past reasonable limits throwing the supply chain out of balance. Background.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Aligned Metrics. Take General Mills and Kellogg an example.

Optimal Sourcing 305

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 305

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

ToolsGroup

AUGUST 20, 2019

Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. By comparison, vendors have been investing in advanced technologies such as artificial intelligence (AI) and advanced analytics to enhance their offerings. For example ….

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 136

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Shaman

JANUARY 14, 2013

Year after year, well intentioned people toiled against improving metrics that reduced, not improved, the effectiveness of the supply chain. The example that I give in the first post is the focus of manufacturing strategies to drive strong results to improve Return on Assets (ROA) that have actually caused a deterioration in operating margin.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. The goal is deeper analytics to sense and respond across make, source and deliver. It is clear. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. ” Or alternatively, “Is there data that could be sourced to help?” Let’s take an example. Let me give you an example. As a group, we drill into root issues. What was the root issue?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Supply Chain Shaman

APRIL 14, 2013

To understand supply chain excellence, Abby and I have been studying pattern recognition for industry peer groups at the intersection of the metrics in the Supply Chain Effective Frontier of growth, profitability, cycles and complexity. They will be digitally shared through Amazon, iTunes and other sources.

Gartner 268

Gartner S&OP Pharmaceutical Supply Chain Planning Software 268

Supply Chain Shaman

JULY 29, 2013

Which supply chain metrics correlate to market capitalization by Morningstar sector? Note that the ratios are better than absolute numbers because it helps in the comparison of large and small companies and performance across currencies.) Which companies have made year-over-year improvements? Results of the Supply Chain Index.

Supply Chain Planning Software 289

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 289

Requis

MARCH 23, 2021

As an example of how careful BP was, even though the project location was extremely remote, we never built a road to it or an airport because we knew that would start to bring in people. The pressure to be more sustainable also comes from outside sources like governments, banks and customers. And this is a significant amount.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

ShipBob

JANUARY 6, 2023

You’ll also get a quick comparison of the top providers to make your search easier. Report on important performance metrics. This mainly includes ecommerce businesses, manufacturing companies , retail distributors , wholesale businesses , retailers, and third-party logistics providers. Quick rate comparison. Key features.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Logistics Bureau

SEPTEMBER 4, 2023

Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed. Some customers are very good at finding loopholes to reduce their purchasing costs. In short, you can’t.

Negotiating Skills 75

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 75

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? US food company Sysco offered an example when eyeing joint operations with U.S. For example, two ocean carriers can join forces to share ship capacity. Foods a few years ago.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Logistics Bureau

SEPTEMBER 3, 2017

And by comparison and with apparently so much to gain, why do some logistics service providers and their clients fail to team up effectively? US food company Sysco offered an example when eyeing joint operations with U.S. For example, two ocean carriers can join forces to share ship capacity. Foods a few years ago.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

BlueYonder

DECEMBER 11, 2014

The incubator allows a baby to be protected in its most vulnerable stage of life, giving it a chance to live a full life in comparison to the incremental 10 to 30 years offered by other important medical breakthroughs. It’s an example of inventiveness amplifying the value stream.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Design 75

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? The North Star Metric (NSM). Subscribe Here! Email Address.

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

EMERGE App

NOVEMBER 16, 2020

First, we appreciate that a company dealing in goods can either be a manufacturing plant or a retail business. Besides, there are raw materials that are the primary elements of the manufacturing process. Anything that goes into the manufacturing process and forms a distinct part of the end product. What is an inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement How To 52

Silvon Software

MAY 24, 2022

In today’s dynamic business environment, a well-designed sales analytics program can easily become a competitive advantage for manufacturers by allowing them to quickly adapt to changing market conditions, trends and customer demands. Appropriate sales metrics also help identify the state of sales regarding time-based goals.

Procurement Analytics 78

Procurement Analytics Manufacturing Procurement Metrics Price Reduction 78

ThroughPut

JUNE 5, 2024

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. This method helps in optimizing the manufacturing, storage, and distribution processes according to the specific requirements of each product category.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

ThroughPut

JUNE 5, 2024

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. This method helps in optimizing the manufacturing, storage, and distribution processes according to the specific requirements of each product category.

Inventory Reduction 52

Inventory Reduction Material Savings Sourcing Strategies Resource Reduction 52

New Horizon Supply Chain Blog

JUNE 18, 2022

On the other hand, if you are in procurement at the same company and are responsible for buying milk from dairy farms, the item/store/daily forecast is more detail than you need. I don’t want to get too far into the weeds, but a simple example will illustrate what happens when you measure accuracy at too high a level.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52

Supply Chain Shaman

OCTOBER 2, 2020

Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. Starbucks redesigned their cups for the Grande product, and the flimsy cups were a source of constant spills and burns. A Comparison Of Company Performance To Industry Average.

Customer Service 302

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 302

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

SupplyPike

AUGUST 20, 2019

Therefore, each retailer tends to use similar sales metrics with a few exceptions. Those new to retail metrics may not know what critical sales or metrics are or why they are so critical for Walmart sales analytics. Necessarily, these metrics inform every part of Walmart sales analytics- from the simple to the advanced.

Analytics Software 53

Analytics Software Analytics Supply Chain Planning Software Metrics 53

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. Procurement is emerging as a particularly helpful and strategic function to sustainability efforts and setting supply chain sustainability goals.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. Procurement is emerging as a particularly helpful and strategic function to sustainability efforts and setting supply chain sustainability goals.

Supply Chain Planning Software 52

Supply Chain Planning Software Sustainability Resource Reduction Supply Chain Software 52