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. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

JUNE 15, 2018

Most companies, along with consultants, feel that they know the definition of supply chain excellence. 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. improvements.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

SCMDOJO

JUNE 6, 2023

2 – Inventory Optimization Tool in Excel Inventory is a vital component for wholesalers, distributors, and manufacturers, representing valuable assets in the form of the products they sell. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

Supply Chain Shaman

JANUARY 19, 2014

The definition of a trap is something designed to catch a person or animal, either figuratively or literally. Their supply chains are not improving corporate performance. They struggle to manage the supply chain as a complex system and power improvement on the Effective Frontier (shown below). What does that mean?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

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. Specifically, I will focus on the lack of clear definition of control tower, cognitive computing, connected planning, and concurrent planning. Control Tower.

Supply Chain Planning Software 167

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

Supply Chain Shaman

APRIL 16, 2014

I have taken myself off the road to write the book Metrics That Matter. On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. It is a slow week.

Supply Chain Design Software 279

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 279

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. Specifically, I will focus on the lack of clear market definitions of the terms control tower, cognitive computing, connected planning, and concurrent planning.

Supply Chain Planning Software 154

Supply Chain Planning Software Modeling Software Modeling Analytics Software 154

Supply Chain Shaman

NOVEMBER 1, 2015

Let’s start with a definition. By definition, it is not outside-in. The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs. My take away? It is hard to jump when with a ball and chain.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

With the above information on hand, the procurement team can proceed with Scope Definition to clearly define the transportation services required. Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

AUGUST 14, 2016

Starting With Definitions. To help, I wrote a few definitions on the board: Demand-Driven Processes. A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. Definition of Outside-In Processes.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship. Yes, I stress partnership and collaboration.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Supply Chain Shaman

JULY 5, 2016

Even though the supply chain today is not dead, it is definitely stuck in neutral and going backwards. Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. P&G’s rate of improvement on the Metrics That Matter was lower than the peer group.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. Let’s start with a definition. Source: Commerce Dept.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Supply Chain Shaman

MAY 21, 2013

By and large, they struggle to gain cross-functional alignment on process redesign to improve outcomes. They lack the understanding of continuous improvement programs and struggle with alignment. Accept the definitions of processes and relationships of the industry. Supply Chain Metrics That Matter: A Focus on Hospitals.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Supply Chain Shaman

MAY 19, 2016

We believe that supply chain excellence is driving improvement while averaging a higher level of performance in the Supply Chain Metrics That Matter. Unfortunately, there is no commonly-held definition of supply chain excellence. Insights on leadership, continuous improvement and talent development for emerging markets.

Gartner 158

Gartner Pharmaceutical Predictive Analytics Modeling Software 158

ShipBob

DECEMBER 23, 2021

Every step of the fulfillment process — including warehouse operations, inventory planning and tracking, quality control, staffing, procedural development, picking, packaging, and shipping — falls under the purview of this role. Experience in analyzing metrics and data-driven decision-making. Distribute inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Optimization Software Logistics Network Optimization Software 52

QAD

MAY 16, 2019

The assessment also establishes a common definition of supply chain management processes to help organizations: Determine the robustness of existing internal processes. Facilitate continuous improvement. A deeper alignment between strategies, objectives and continual improvement. Benchmark supply chain operations.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

Supply Chain Trend

DECEMBER 22, 2023

Introducing Intelligent IBP Let’s start with a definition. This definition should become clear once you go through the principles. The launch of a Decision Intelligence (DI) definition by Gartner later in 2022 further cemented my believe that this new discipline will become mainstream.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

ShipBob

OCTOBER 1, 2021

Reduce inventory waste. In bloated supply chains, excess inventory (or worse, deadstock ) takes up valuable storage space that could be used for other products, and costs merchants more in rent or holding costs the longer it sits unsold. Data — and the decisions it drives — underpins every lean supply chain strategy.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Supply Chain Shaman

APRIL 7, 2016

In this post my goal is to help companies build outside-in processes through a clearer definition. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. This outside-in orientation needs a definition to make it actionable. Reflection. I am not quite sure.

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

synchrono

AUGUST 6, 2018

Manufacturing productivity is a useful metric for measuring the health of manufacturing at a national or global level because it tells us something about whether our factories, in general, are working or sitting idle. But at the level of the individual factory, productivity as a performance metric can be problematic.

Metrics 40

Metrics Manufacturing Lean Continuous Improvement 40

Supply Chain Shaman

JULY 22, 2016

As companies and teams mature, the definition of the word “flow” changes. The Maturity Model of Flow Definitions within Supply Chain Management. Insights on leadership, continuous improvement, and talent development for emerging markets. At first the flows are very linear and supply centric.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

OCTOBER 22, 2015

The names of the technology providers, the process definitions, and the architecture descriptions were a new lexicon. The impact of complexity on inventory is not quick. It is a slow, continued impact that happens week-to-week as complexity increases. Inventory management is a hot issue. This lasted for weeks.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

synchrono

NOVEMBER 6, 2017

To understand that, let’s look at basic definitions of each of these philosophies, including Demand-Driven Manufacturing, to see how they are related. Both Lean Manufacturing and Theory of Constraints emphasize managing variability as part of a continuous improvement effort. Instead, it supports and is supported by them.

Agile and Lean Supply Chain 39

Agile and Lean Supply Chain Lean Demand Planning Software Supply and Demand 39

Supply Chain Shaman

FEBRUARY 25, 2016

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Short cycles require buffer inventories and short lead times. Let me explain. Outside-in.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Elementum

FEBRUARY 7, 2024

Advances in technology drive the automation and continuous improvement of business workflows. This section will explore the definition of a digital process and trace the journey of digital transformation through history. Key Takeaways Digital processes enhance business agility and operational efficiency.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Infosys Supply Chain Management

SEPTEMBER 30, 2015

Outsourcing of EAM could also open door to outsourcing full/partial inventory management & procurement process which would definitely be an added advantage and help in optimizing processes further. There is an epigram that 'if you do not measure it, you cannot improve it'. This is also the case when it comes to outsourcing.

Optimal Sourcing 20

Optimal Sourcing Modeling Software Manufacturing Procurement Resource Reduction 20

The Network Effect

OCTOBER 3, 2014

Today, in order to accomplish these goals, continuous improvement in global supply chain execution has become a core supply capability required by most automotive OEM’s. Repeatable processes that minimize human intervention including continuous process measurement and reporting. Supplier shipment information accuracy.

Supply Chain Network Software 197

Supply Chain Network Software Automotive Modeling Software Supply and Demand 197

Unleashed

OCTOBER 23, 2023

Reduced waste: Optimising processes and inventory means gaining a more accurate understanding of your requirements. Improved customer satisfaction: Proper production planning helps to reduce manufacturing lead times so customers can receive orders sooner. Effective inventory management results in less waste and wider profit margins.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

ThroughPut

MARCH 11, 2024

The software involves a definite set of processes that constantly improve the core operational activities on the shop floor. This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management and quality maintenance.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

Supply Chain Shaman

JUNE 26, 2016

The winners drive improvement while posting financial results in the Supply Chain Metrics That Matter ahead of the peer group. Inventory Turns. Better performance in inventory turns than the peer group average for the period of 2006-2015. The performance factors evaluated in the analysis are: Growth. Operating Margin.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 191

Logistics Bureau

NOVEMBER 15, 2021

Is your business one that operates distribution centres and other warehouse facilities to maintain control of inventory? Indeed, there is something of an art to using KPIs effectively, and it’s primarily in the appropriate selection of the right combination of metrics. However, it’s not a definitive measure.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

GlobalTranz

JUNE 2, 2016

The definition of "embedded" by itself is as follows, according to Dictionary.com : verb (used with object) , embedded, embedding: 1. It would mean joint problem solving/joint idea sessions/brainstorming continuous improvement and co-creation. This model, I like to call an "embedded 3PL relationship.". What benefits do you see?

3PL 120

3PL Manufacturing Procurement Optimal Sourcing Resource Reduction 120

SCMDOJO

APRIL 26, 2023

Now let us provide you with an apt Category Management definition. Category management can incorporate data-based array planning, inventory control, and product pricing with the mutual objective of enhancing sales performance and operational efficacy. spending that breaks internal procedures and purchasing terms).

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Supply Chain Shaman

DECEMBER 17, 2018

Nick strongly believes that it is insufficient to drive supply chain improvement through incrementalism. It is just not enough to do a software upgrade or slowly push continuous improvement projects. Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. The reason?

Demand Planning Software 245

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 245