Unleashed

OCTOBER 31, 2023

It’s an essential process for achieving maximum success in manufacturing. Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. Greater efficiency WFO practices improve manufacturing efficiency and eliminate waste.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 12, 2020

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. Methodology Comparison. The reason?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. The first story is about a large regional food manufacturer. The second story is about a regional beverage manufacturer. The supply chain team is subservient to manufacturing, with the plant managers believing that they understand supply chain management basics. The answer?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Logistics Viewpoints

DECEMBER 15, 2022

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

QAD

JULY 23, 2020

This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What are the Benefits of Manufacturing Performance Benchmarking? Benchmarking Best Practices: Setting a Manufacturing Performance Benchmark.

Benchmarking 133

Benchmarking Metrics Manufacturing Six Sigma 133

Unleashed

DECEMBER 13, 2023

New manufacturing data reveals the small to medium manufacturing sector remains in recovery mode, with global performance largely mapping to local economic conditions. New Zealand manufacturing, meanwhile, is at an historic inflection point, with stagnant performance in multiple sectors.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

QAD

JULY 23, 2020

This is especially true for manufacturers. To grow and thrive, manufacturers need to develop best practices, benchmark against those best practices and formulate action plans. What are the Benefits of Manufacturing Performance Benchmarking? Benchmarking Best Practices: Setting a Manufacturing Performance Benchmark.

Benchmarking 130

Benchmarking Metrics Manufacturing Six Sigma 130

Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. In Table 3, I share a comparison of the two methodologies. This is the fun part of my job.

Gartner 199

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 199

Supply Chain Shaman

JUNE 7, 2021

A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth. When companies were growing, I also discovered that the cost and inventory metrics better aligned with peers.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

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 295

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 295

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

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. versus $4.84 For example ….

Supply Chain Planning Software 214

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

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 249

Case Study Inventory Reduction Agile and Lean Supply Chain Study 249

SYSPRO Smarter ERP

JUNE 19, 2023

Many manufacturers have successfully implemented an ERP system to streamline their business processes and improve efficiency. In comparison while ERP systems collect and manage data across the business, including inventory management, they lack the comprehensive capabilities of a dedicated WMS. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 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. versus $4.84 For example ….

Supply Chain Planning Software 136

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

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?” 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. 4 Maximize Buffers.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

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. Can you help us with what you see in the data?”

Optimal Sourcing 298

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 298

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 298

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 298

Supply Chain Shaman

JULY 19, 2015

It is for this reason, that I discount the reporting by APQC, Institute of Business Forecasting (IBF) and Grocery Manufacturing Association (GMA) benchmarking data. 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.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

GlobalTranz

JULY 5, 2016

We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category. Our first post covered the Top 5 Freight Management blogs of 2016.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Logistics Supply Chain Design Software Modeling Software 132

Intelligent Audit

DECEMBER 10, 2020

While Grealou spoke of manufacturing, that view applies to all shippers and the need to measure throughput. The so-called perfect order metric is the ideal supply chain KPI. But the metric shows how well a warehouse operates. That’s why it’s crucial to track the comparison between the two. Delivery On-Time-In-Full.

Supply Chain Software 52

Supply Chain Software KPI Supply Chain Optimization Supply Chain Strategy 52

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Logility

JANUARY 15, 2014

Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Alignment on a Metrics Portfolio. OI) is a $7 billion manufacturer of glass bottles while Sonoco Products is a $5 billion manufacturer of paper packaging. Each of the supply chains had a different target in the metrics portfolios.

S&OP 101

S&OP Illinois Agile and Lean Supply Chain Inventory Reduction 101

Logility

JANUARY 15, 2014

Comparison of Owens Illinois Versus Sonoco Products for the Period of 2000-2012. Alignment on a Metrics Portfolio. OI) is a $7 billion manufacturer of glass bottles while Sonoco Products is a $5 billion manufacturer of paper packaging. Each of the supply chains had a different target in the metrics portfolios.

S&OP 100

S&OP Illinois Agile and Lean Supply Chain Inventory Reduction 100

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

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 259

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 259

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. Let’s take an example.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

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. This analysis has been fun and insightful. Publication of our next book.

Gartner 267

Gartner S&OP Pharmaceutical Supply Chain Planning Software 267

Supply Chain Game Changer

MAY 27, 2020

Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Manufacturing.

Price Reduction 132

Price Reduction Cost Reduction Strategies Material Savings Purchasing Skills 132

crisp

SEPTEMBER 27, 2022

What are current manufacturing and distribution lead times? You can plan manufacturing, inventory, distribution, and promotional efforts around this date, especially as warehouse space is limited and at a premium during these seasonal events. 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

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. Tomorrow, I get to deliver this message to a large manufacturing client. In addition, I am now done with the page proofs for my new book, Metrics that Matter.

Supply Chain Planning Software 305

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 305

OptiProERP

MAY 18, 2023

Direct procurement is critical for manufacturing companies as it enables them to obtain the necessary inputs to produce their products. Cost management An ERP system manages procurement costs by providing detailed cost information, enabling price comparisons, and helping to negotiate better pricing with suppliers.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. If so it may be impossible to conduct an apples-to-apples comparison. Adopt performance metrics for carriers.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

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 282

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 282

IQMS

JUNE 15, 2020

Bottom Line: Capturing machine process and measurement data with real-time process monitoring helps manufacturers improve quality and compliance, while also increasing production yields and shop floor productivity. Using Real-Time Process Monitoring To Create A Manufacturing Fitness Plan.

Manufacturing Procurement 75

Manufacturing Procurement Analytics Software Demand Planning Software Manufacturing 75

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. parts per million, in comparison to the 1960 levels of 316.91 Manufacturing : An essential aspect of sustainable supply chain manufacturing is monitoring energy consumption as a function of production volume. parts per million. Source: Statista.com.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52