Supply Chain Shaman

JUNE 26, 2017

Traditionally, the focus has been on building efficient organizational silos for make, source or deliver. 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. So, let’s take the first question, “Why not Amazon?”

Sourcing Strategies 152

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

Logistics Viewpoints

DECEMBER 1, 2022

Container Import Volume Year-over-Year Comparison. Source: Descartes Datamyne. 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. Somewhat nailed it.

Predictive Analytics Software 198

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 198

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 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

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 305

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

Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Industry 4.0 Download the White Paper.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Precoro

JUNE 6, 2022

Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Vendors source avail goods and services to sell them to the end customers – companies or individuals. Suppliers' Insights.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights. The solution?

Predictive Analytics Software 59

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

Supply Chain Shaman

JULY 19, 2015

Self-reporting of data does not meet this standard. In most ‘benchmarking activities’, self-reported data is the most common source. 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

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. So what is procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. Many trusted sources accredit global GDP growth during the last 15–20 years, widely to the spread of globalization. This raises the question…. Is COVID19 the death of Global Supply Chains?

Agile and Lean Supply Chain 121

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

Logility

APRIL 3, 2018

Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. The amount of external data continues to grow at exponential rates.

Supply Chain Planning Software 100

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

GlobalTranz

JANUARY 30, 2015

It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? The methods of evaluating metrics or developing KPIs vary significantly from company to company.

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

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

Precoro

MAY 22, 2023

IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation. Together, they can ensure that new hardware and software meet the organization's needs. If so, the organization will save time and money.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 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. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

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 169

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

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 260

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

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 Source: Statista.com. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. Ethical sourcing of goods. parts per million. Download Now!

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

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

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 155

Supply Chain Planning Software Modeling Software Modeling Analytics Software 155

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. 1] https://infocus.emc.com/mauro_caputi/contracts-management-and-analytics-the-source-of-truth-for-big-data/.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

AFFLINK

JUNE 14, 2016

Even more challenging is establishing goals and metrics for this ever-moving target. We've suggested four of the most valuable key performance indicators (KPIs) to determine whether or not your sustainable supply chain management strategy is meeting your intended outcomes. Stumped on exactly what to track? You're not alone. Energy Use.

Waste Reduction 48

Waste Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 48

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

NC State SCRC

JANUARY 16, 2024

adversaries and meet the production demands posed by evolving threats. Dan Finkenstadt used his Chat GPT programs to analyze the NDIS and compare it to the recommendations developed in our book, Supply Chain Immunity: Overcoming our Nation’s Sourcing Sickness in a Post-Covid World.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

Supply Chain Shaman

AUGUST 26, 2015

While the macroeconomic signals trigger market downturns, to meet Wall Street expectations, manufacturers usually push products into the market. Too few companies have the discipline to measure Forecast Value Add–comparison to the naive forecast–and drive improvement. Functional reward systems delay the needed response.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

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. Few are flexible and responsive; to the end consumer’s liking anyway; while costs are spiraling.

Supply Chain Design Software 75

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

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. The COPQ metrics can also help you calculate supplier charge-backs accurately, and thereby recover costs faster (metricstream 2018)”. What is SQM? .

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Logility

OCTOBER 6, 2023

Mansi Arora, Managing Director – Strategy & Consulting, Supply Chain & Operations, Sourcing and Procurement, Accenture, November 29,2022 How does the Logility cloud platform ensure platform stability and scalability? The comparison comes down to fully understanding the total cost of ownership for on-premises systems.

Supply Chain Planning Software 193

Supply Chain Planning Software Modeling Software Supply Chain Network Software Optimization Software 193

Requis

MARCH 23, 2021

Upon meeting him you could tell he was a thoughtful leader with some very modern ideas. The pressure to be more sustainable also comes from outside sources like governments, banks and customers. It’s largely a comparison tool. So first companies have to meet the minimum requirements set out in the policies.

Material Savings 52

Material Savings Cost Reduction Strategies Resource Reduction Expense Reduction 52

crisp

NOVEMBER 9, 2022

No one data source alone can do that. Leveraging both syndicated and POS data sources provides CPG teams with the information they need to gain a comprehensive view of their product’s performance. What’s more, this data can be combined and analyzed together to unlock new insights that neither data source could do alone.

Data 52

Data Purchasing Skills Procurement Analytics Inventory Reduction 52

IQMS

JUNE 15, 2020

Choose an initial set of metrics that every machine is capable of reporting today to complete the baseline comparison. Every machine can be analyzed on four metrics: cycle times, set-up times, scrap/rework rates, and yields. Differences between machines will show up immediately. Product Gains Achieved with Process Monitoring.

Manufacturing Procurement 75

Manufacturing Procurement Analytics Software Demand Planning Software Manufacturing 75

QAD

OCTOBER 11, 2023

The Executive Management is tasked with making sure your organization meets its strategic objectives. Obtaining an “apples to apples” comparison can be difficult unless each department uses one data’s source and a common terminology. Sometimes a department may not meet their performance targets.

S&OP 52

S&OP Supply and Demand Sourcing Strategies Resource Reduction 52

Supply Chain Shaman

NOVEMBER 28, 2016

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

Supply Chain Shaman

FEBRUARY 23, 2017

Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The The Supply Chain Metrics That Matter are a portfolio of metrics which correlate to higher market capitalization. Comparison of Performance and Improvement of Companies in the Chemical Industry for 2009-2015.

Agile and Lean Supply Chain 155

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 155

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. In this article, I want to emphasize that a customer-centric supply chain meets and exceeds the customer’s needs day-by-day based on a well-defined relationship against a brand promise.

Customer Service 300

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 300

New Horizon Supply Chain Blog

SEPTEMBER 18, 2023

Don’t Confuse Demand Forecasting with Demand Planning The two terms are often used interchangeably, and this is often a source of confusion. Forecasting is where expectations of market demand are translated to operations so that they can meet this demand and generate revenue. This is an apples to oranges comparison.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

New Horizon Supply Chain Blog

MARCH 20, 2023

Don’t Confuse Demand Forecasting with Demand Planning The two terms are often used interchangeably, and this is often a source of confusion. Forecasting is where expectations of market demand are translated to operations so that they can meet this demand and generate revenue. This is an apples to oranges comparison.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52