Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Kinaxis

JUNE 22, 2015

This post will discuss some of the metrics and analysis tools that an inventory manager needs to identify risk and opportunities and to make intelligent decisions to optimize the performance of their inventory. 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

DECEMBER 15, 2022

These ABC segments can also be used for setting up service level targets or availability targets which then determine the safety stocks for ensuring there are enough stocks to meet the fluctuating demand for those groups of products that are critical to business. However, using metrics that can be easily tracked and updated is recommended.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Supply Chain Shaman

DECEMBER 28, 2020

Days of Inventory Comparison. Meeting the market needs of COVID-19 caused organizations to rally, work together, and build a better supply chain through brute force. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. The So What? Let’s Give Science a Chance.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

The answer is yes, there is a difference between the two although trivial in comparison. In SIOP, accountability is a huge part of achieving desired outcomes, improving monthly metrics and satisfying the customer needs. About the Author. Madeline Smith is a supply chain management consultant at Clarkston Consulting.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. This will lay the foundation for any future performance comparison and provide the starting point to develop benefits for transformation.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. They do not have a peer group for comparison. We do not include them in the analysis because there is no peer group comparison. This year-over-year comparison, enables visualization of performance on two metrics.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

EC Sourcing Group

MARCH 12, 2023

Read more – Procurement Software Guide Metrics for supplier performance analysis Let’s look at some of the key categories and associated metrics that can be used to assess supplier performance. QUALITY: The quality of goods and services provided by the supplier, as well as the supplier’s delivery performance and accuracy.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Logility

APRIL 2, 2020

3 Get the metrics right. However, if lead times tend to be very short for some suppliers and longer for others, an average will generate an irrelevant basis of comparison. Supplier metrics should be captured about monthly. But it’s important to carefully craft that scorecard to meet a few critical needs.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

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. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

SYSPRO Smarter ERP

JUNE 19, 2023

In comparison while ERP systems collect and manage data across the business, including inventory management, they lack the comprehensive capabilities of a dedicated WMS. Smaller warehouses with fewer inventory items and less complex operations will find that their ERP system adequately meets their needs.

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

Logistics Viewpoints

DECEMBER 1, 2022

Container Import Volume Year-over-Year Comparison. There will be a move away from all of the scrambling related to meeting heightened demand and more focus on cost reduction, operational excellence and the use of supply chains to engage customers. Figure 1: U.S. Source: Descartes Datamyne. Somewhat nailed it.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

Supply Chain Shaman

OCTOBER 8, 2019

Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. Bias and error.

Supply Chain Design Software 183

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

Supply Chain Shaman

OCTOBER 29, 2014

The meeting is on everyone’s calendar. There is an abundance of pastries flowing from the basket, and the stage is set for an impactful meeting. Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet.

Supply Chain Planning Software 309

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 309

Precoro

DECEMBER 11, 2023

Finally, the sourcing team creates a portfolio of potential suppliers and vendors that have the potential to meet the company needs. 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. Build a supplier portfolio.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

JULY 19, 2015

Self-reporting of data does not meet this standard. While every company will agree that this data is VERY important, the lack of standard definition precludes comparison. For me, this was disappointing to see.This comparison is a good way to measure the effectiveness of forecasting processes. A common definition is essential.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Intelligent Audit

MAY 6, 2021

Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Performance metrics, or key performance indicators (KPIs) are quantifiable values to track the service level and ability to fulfill obligations across your network partners. Download the White Paper.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

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. A big bang technology focus has not worked.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Logility

APRIL 3, 2018

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. This will lay the foundation for any future performance comparison and provide the starting point to develop benefits for transformation. Additional Reading.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 100

OptiProERP

MAY 18, 2023

Procurement is a complex process that requires careful planning and execution to ensure that the goods or services acquired meet the company’s needs and requirements. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

OCTOBER 31, 2023

In comparison, workforce management looks to enhance the day-to-day productivity of your entire organisation. In comparison, workforce optimisation works by considering the talent you already have – their current knowledge or skill gaps – and looking for ways to optimise their input. But those aren’t the only aims.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Kinaxis

JUNE 24, 2016

And there are certainly meetings that occur throughout the process, but S&OP is not a meeting. S&OP is so much more than a process or a meeting. Yes, I’ve seen organizations that think they are ‘doing S&OP’ because they have a monthly meeting, but in fact they are actually missing the point of S&OP.

S&OP 120

S&OP Supply and Demand Inventory Reduction Cost Reduction Strategies 120

Precoro

MAY 22, 2023

Together, they can ensure that new hardware and software meet the organization's needs. Then, IT managers can assess the state of the tech stack to see if the available tools can meet the demand. This can be accomplished through internal surveys, group meetings, and one-on-one consultations with department heads and end users.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

ThroughPut

FEBRUARY 23, 2024

In short, AI for demand forecasting facilitates the creation of an agile ecosystem where companies can predict demand in real-time and can quickly adapt to meet the changing demands of their customers. You need to balance between meeting demands optimally and adopting cost-effective production means. You can read more about it here.

Predictive Analytics Software 59

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

Precoro

SEPTEMBER 4, 2023

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. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Precoro

JUNE 6, 2022

In today's competitive and fast-paced world, it’s essential to build good relationships with your partners to stay flexible and meet the market’s requirements. Regular price comparisons and fees evaluations allow finding vendors who offer the best quality to price ratio while staying fit for the end consumers' requirements.

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. ” (Each mode of transport has different comparison reference data.). I need to run to my meeting. The lack of progress is troubling. The sun is rising.

Supply Chain Planning Software 167

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 167

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. Metrics comparison of Kellogg Co. There are many technology vendors that will knock at your door, and your day will be packed with meetings, but stay focused on what matters.

Supply Chain Planning Software 259

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

GlobalTranz

JANUARY 30, 2015

If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. The methods of evaluating metrics or developing KPIs vary significantly from company to company. How is the data provided?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

Intelligent Audit

SEPTEMBER 9, 2021

Increased throughput without equal capacity and supply to meet demands. Tracking cost by mode, lane, and cargo type for better metrics comparison. Delays in payment due to manual reviews and outdated processing procedures. Disparate systems that cause inaccurate data findings and increased errors.

Freight 52

Freight Expense Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

JUNE 30, 2015

It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door. If so it may be impossible to conduct an apples-to-apples comparison. Adopt performance metrics for carriers. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

crisp

SEPTEMBER 27, 2022

But doing so without understanding your organization’s ability to meet those goals—especially during chaotic times like holiday shopping events— leads to tight margins, out-of-stocks, and stressed-out retailers. One school of thought is to plan for a heightened sales season (in comparison to historical sales data) with increased safety stock.

Supply Chain Planning Software 52

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

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. It’s the maximum amount of time you can spend manufacturing a product while still meeting customer deadlines. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Game Changer

AUGUST 13, 2020

McDonald’s cited the temporary closure of Cargill’s High River, Alberta facility, and said it was working with the meat processor and other global suppliers to meet demand” (Reuters 2020). In comparison, just 10.8% Their global presence allowed the organization to pivot in a time of crisis, and activate alternative supply sources.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

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. ” (Each mode of transport has different comparison reference data.). I need to run to my meeting. The lack of progress is troubling. The sun is rising.

Supply Chain Planning Software 154

Supply Chain Planning Software Modeling Software Modeling Analytics Software 154

Supply Chain Shaman

AUGUST 5, 2015

Overall Results on the Supply Chain Metrics That Matter. Today, Unilever fails to meet the average performance of the peer group for operating margin. Comparison of Colgate and Procter and Gamble for the Period of 2006-2014. Supply chain leaders make progress in three-to-five years. It is seldom a step change.

Agile and Lean Supply Chain 150

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain 150

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. Buyers, on the other hand, can browse through the listings to discover products or services that meet their requirements.

Negotiating Skills 80

Negotiating Skills Buyer Training Modeling Software Inventory Management Software 80