SYSPRO Smarter ERP

JUNE 19, 2023

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

Supply Chain Shaman

SEPTEMBER 9, 2014

The data analyzed to compile the Supply Chains to Admire report came from publicly-available information from balance sheets and income statements. They had to be publicly traded, we had to have a nearly complete data set for the years studied, and they had to have a peer group of at least six companies to be able to draw the comparisons.

Pharmaceutical 275

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 275

GlobalTranz

MAY 20, 2015

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. We hope these posts keep you on top of your game and informed. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

ToolsGroup

NOVEMBER 27, 2018

Companies are seeking to implement (or re-implement) planning technology solutions, tune and optimize existing methodologies towards tighter variances, and integrate more accurate information into their planning processes. Defining “good” requires (1) a basis of comparison, and (2) controlling for key differences between data points.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. This is especially true for the Titans. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. It is tempting to draw a comparison between big data and master data management (MDM) as the two terms are interconnected, but they are different. Master data manages core information that is critical for business processes.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Supply Chain Shaman

JULY 19, 2015

However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. While every company will agree that this data is VERY important, the lack of standard definition precludes comparison. A lag is the comparison against points in time. We then worked on the analysis.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Supply Chain Insights

SEPTEMBER 9, 2014

The data analyzed to compile the Supply Chains to Admire 2014 report came from publicly-available information from balance sheets and income statements. Nineteen of the 200 companies met the performance criteria of improving operating margin, inventory turns, and ROIC together in concert for the years of 2006-2013 or 2009-2013.

Pharmaceutical 179

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 179

Supply Chain Shaman

MAY 29, 2014

Meaningless Comparison. I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. As a result, the metrics have to be viewed together as a pattern over time. I find value in looking at these metrics together.

Gartner 305

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 305

Unleashed

OCTOBER 31, 2023

Using data to leverage information WFO helps maximise employee and systems efficiency in a work smarter approach. In comparison, workforce management looks to enhance the day-to-day productivity of your entire organisation. You can optimise your workforce by applying inventory optimisation techniques to workforce management.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Logistics Bureau

APRIL 19, 2021

What would be the key number, or metric that you would need to know? Without that information, you don’t know what you’re trying to target. Informal Benchmarking. You might start to measure the same metrics and see which one is performing better. You might share information on the processes. Formal Benchmarking.

Benchmarking 98

Benchmarking Supply Chain Performance Supply Chain Exercises 98

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. 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

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Therefore, the document should include all relevant information, such as technical specifications, performance standards, and delivery requirements.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

ToolsGroup

NOVEMBER 15, 2016

Companies sought to implement (or re-implement) planning technology solutions, tune and optimize methodologies towards tighter variances, and integrate more accurate information into their planning processes. Defining “good” requires (1) a basis of comparison, and (2) controlling for key differences between data points.

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Unleashed

SEPTEMBER 11, 2019

Your business is reliant on a supplier to provide you with the necessary inventory stock. If this relationship feels one-sided and like you are always nagging at the supplier to get your inventory stock delivered, then it could be a sign that they are the wrong supplier for you. A lack of transparency.

How To 63

How To Procurement Analytics Comparison Procurement Solutions 63

Supply Chain Shaman

OCTOBER 29, 2014

Here are the three questions that I would like people to ask: Table 1: Comparison of Results for Best of Breed Solution Providers to ERP Expansionists in Supply Chain Planning. This new solution was favored by the Information Technology (IT) organization. The board has not set-up the team for success. The book is a story.

Supply Chain Planning Software 315

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 315

Precoro

DECEMBER 11, 2023

If needed, the purchasing company can also follow up with a request for information (RFI) to gather any additional information for final comparison and decision. That means engaging in open communication, setting clear expectations, establishing supplier performance metrics and milestones, and promoting mutual success.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

crisp

SEPTEMBER 27, 2022

They’re also a chaotic time, with inevitable challenges from inventory availability to tighter margins. Remember, your demand plan is the basis of all your holiday season decisions, from inventory levels to retail promotions and beyond. Do we have enough existing inventory and/or production capacity to match these sales plans?

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Precoro

MAY 22, 2023

Moreover, information technology enables remote work and open communication between different departments. Information technology procurement focuses on obtaining the IT products and services needed to support business operations. What is IT procurement? Therefore, IT procurement is a crucial part of an overall procurement strategy.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Shaman

JULY 8, 2013

In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Note the trends in operating margins and inventory turns. Each faces four years of deterioration on this important supply chain metric.

Supply and Demand 215

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 215

Hybrent

MARCH 6, 2019

It contains a wealth of information about vendors, and it digitizes and automates many processes that are still analog and manual in nature. Software that features customized search, price comparisons, and automatic updates does just that. Inventory Management. Electronic Procurement. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

Hybrent

MARCH 6, 2019

It contains a wealth of information about vendors, and it digitizes and automates many processes that are still analog and manual in nature. Software that features customized search, price comparisons, and automatic updates does just that. Inventory Management. Electronic Procurement. Preference Cards.

Supply Chain Software 40

Supply Chain Software Inventory Management Software Optimization Software Procurement Solutions 40

Precoro

JUNE 6, 2022

Vendors typically provide items ready to go for sale and can be inventoried. In addition to this, suppliers can often provide you with relevant insider information about the material's market and trends, which will help evaluate the new product's potential and identify potential opportunities. That is probably the main difference.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. Yet, they were viewing day old information. ” (Each mode of transport has different comparison reference data.). The lack of progress is troubling.

Supply Chain Planning Software 169

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 169

Unleashed

NOVEMBER 17, 2019

When discussing analytics, the terms metrics and KPIs (Key Performance Indicators) are often treated interchangeably, however, they should both be approached differently because both can have a huge impact on how your business strategy is designed and implemented, as well as impact your inventory reporting. Comparing metrics and KPIs.

Metrics 64

Metrics KPI Inventory Reduction Analytics Software 64

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Yet often the Supply Chain is undervalued.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. By comparing this information against previous performance and industry standards, you can then begin to identify the bottlenecks that need attention.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. Yet, they were viewing day-old information. ” (Each mode of transport has different comparison reference data.). The lack of progress is troubling.

Supply Chain Planning Software 155

Supply Chain Planning Software Modeling Software Modeling Analytics Software 155

Supply Chain Shaman

APRIL 15, 2015

The study is primarily a comparison of best-of -breed solution providers (Logility, JDA, Kinaxis and OM Partners) versus SAP and Oracle. This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. Likewise, the Information Technology director wants an integrated solution. Definitions Matter.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

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. That’s far easier to do with solid data to inform you and your customer.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

Logility

SEPTEMBER 5, 2013

He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Set up a time series comparison of forecast accuracy (MAPE) for the demand planners. Inventory and costs go down increasing your asset turns and margins. Sounds like a win-win scenario.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

My Office Apps

MARCH 1, 2024

This blog post aims to unravel the mystery behind B2B portals, shedding light on what they are and how they work, while also drawing comparisons with the more commonly known Business-to-Consumer (B2C) model. Profile Setup: Once registered, businesses create profiles that showcase their products, services, and other relevant information.

Negotiating Skills 80

Negotiating Skills Buyer Training Modeling Software Inventory Management Software 80

Logility

SEPTEMBER 5, 2013

He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Set up a time series comparison of forecast accuracy (MAPE) for the demand planners. Inventory and costs go down increasing your asset turns and margins. Sounds like a win-win scenario.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100