GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. Distribution of goods prior to purchase. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. But the possibilities for continuously improving. Demand forecasts.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process. This was a bold and risky move.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

SCMDOJO

MARCH 19, 2024

Here’s why a structured approach is important: Efficiency A structured department creates a clear division of labor and defines processes for procurement, production, distribution, and returns. This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

Supply Chain Shaman

MARCH 27, 2023

Just as the electric light bulb did not come from the continuous improvement of candles, I believe that supply chain planning improvements will not come from doing more of the same. What is the role of inventory? Integrating data does not align an organization motivated by functional metrics. Digital Brain.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 322

Supply Chain Shaman

OCTOBER 22, 2015

The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. It is a slow, continued impact that happens week-to-week as complexity increases. To help, today I want to share some of the insights from our recent Inventory Optimization study.

Inventory Reduction 150

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

SCMDOJO

JUNE 6, 2023

To improve operations and stay ahead of the competition, many distributors are turning to assessment tools to evaluate performance and identify areas for improvement. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 90

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. The analysis needs to be measured through an evaluation of year-over-year improvements. For many companies, improving results is elusive. A Look at History. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. Ipsen also need to reduce their lead times.

Supply and Demand 192

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 192

OptiProERP

APRIL 9, 2024

Integration with inventory management systems is crucial to accurately confirm product availability and delivery timelines. Continuous improvement initiatives help enhance product quality and customer satisfaction. Order Management Once a quote is accepted, it transitions into an order. OptiProERP was the clear winner.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Kanban Logistics

OCTOBER 31, 2023

This can lead to reduced order fulfillment times, improved accuracy, and lower inventory costs. For example, 3PL providers are typically insured against damage or loss of inventory. Two areas that should be of interest are continuous improvement and KPI management. on-time shipments).

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

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 ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Silvon Software

APRIL 18, 2024

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Arkieva

DECEMBER 7, 2016

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Inventory, together with receivables, are essential components of the cash-to-cash cycle time.

Optimization Software 60

Optimization Software Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 60

GlobalTranz

JUNE 1, 2018

Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Greater accountability into inventory reduces the risk of theft, which is estimated to cost the industry up to $80 billion each year. Improving network-wide inventory visibility.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184

3PL Insights

AUGUST 18, 2020

We have put together a list of some of the most important metrics to track. Ideally as warehouse staff continues to work with specific shipments, they will be able to receive the shipments faster over time. Inventory Turn Rate. The turn rate provides valuable insight on the inventory levels of a certain product.

Warehousing 52

Warehousing Procurement Analytics Inventory Reduction Metrics 52

Unleashed

APRIL 21, 2024

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. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

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

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. Lean manufacturing and just-in-time production minimize waste and inventory levels while maximizing efficiency.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Unleashed

AUGUST 20, 2023

Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

TrackVia

MARCH 25, 2024

These solutions help companies optimize their operations, from inventory management and asset tracking to supply chain management and warehouse operations. By providing real-time data and insights, mobile workflows enable manufacturers to make informed decisions, reduce waste, and improve overall efficiency.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

GlobalTranz

OCTOBER 21, 2015

The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. One of the goals of the SLA/KPI should be Continuous Improvement or Kaizen (LEAN initiative).

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

OCTOBER 5, 2023

Warehouse management involves overseeing the processes and activities within a warehouse to ensure efficient storage, handling, and distribution of goods or products. It can involve employing technology such as barcode scanners, inventory management software, and automated systems to enhance accuracy and speed in handling goods.

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

OCTOBER 1, 2013

As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns. So, what can we learn?

Illinois 252

Illinois Waste Reduction Supply Chain Planning Software S&OP 252

Logistics Viewpoints

APRIL 4, 2022

On any given day, 150,000 order lines flow through 90 distribution centers across 50 nations. For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We The company also needs to drive cash efficiency and improved productivity.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. I use a method I call managing for daily improvement or MDI. How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Industry Week, March, 2016).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

ThroughPut

NOVEMBER 12, 2020

Not only do warehouses fulfill an essential buffer function and ensure cost-efficient distribution, their role as competitive advantage driven by digital innovations significantly enhances as they are also the last decisive step in serving the customer. Lean warehousing. Advance shipping notification. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

GlobalTranz

JANUARY 4, 2017

All these warehouses are used for storage and distribution of finished goods, the six new warehouses are brand new and involves complex operations (full pallet in and mixed pallet out or case deliveries)while the 25 warehouses have more standard /generic operations (full pallet in and full pallet out). Customer metrics. 3PL Answer 1.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Supply Chain Shaman

FEBRUARY 12, 2017

For the past four years, as we have done our work, we have tracked Novo Nordisk’s continued improvement against the pharmaceutical peer group. Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance and Improvement within the Pharmaceutical Industry for 2009-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

GlobalTranz

MAY 6, 2015

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. Risk Management.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

Supply Chain Shaman

JANUARY 31, 2013

While companies have increased Revenue per Employee across the healthcare value chain, the Days of Inventory have increased for suppliers, and there is a shift in power to the healthcare provider. I also see that we are not decreasing the total inventory levels in the network or accelerating time to value. Progress is stalled.

Turkey 229

Turkey Supply Chain Planning Software Supply Chain Planning Inventory Reduction 229

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. I have spent the last month working with clients that are out of balance. What does that mean?

Supply Chain Planning Software 278

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

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

GlobalTranz

DECEMBER 29, 2014

Currently, it remains the case that as e-commerce continues to grow, most shippers, particularly multi-channel shippers, are still only just beginning to work out what this will entail for their distribution network infrastructures. Use them to continuously improve your organization. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

ThroughPut

SEPTEMBER 29, 2022

The latest AI-powered software empowers businesses with a bird’s eye view of finances at the business unit and organizational level to identify those improvements in specific areas that can drive greater profitability and SKU-level contribution margins. Key Financial Capabilities.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Resource Reduction Inventory Reduction 52

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. After all, a given distributor cannot evaluate a supplier without being able to see how that supplier has performed in terms of the specific metrics.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120