GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Cost reduction is still very important.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Logistics Viewpoints

NOVEMBER 3, 2022

Like any intelligent system, your LMS is only as smart as the quality of content you feed it and the ability to quantify that information. The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. Inventory mix. Ad infinitum. Work proceeds uninterrupted.

Supply Chain Design Software 212

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 212

GlobalTranz

NOVEMBER 17, 2016

Inventory location and management. 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. Supply Chain Leaders need to Focus on Continuous Improvement.

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

QAD

JUNE 20, 2023

Operations and manufacturing managers always look at metrics on productivity, schedule adherence, downtime and other critical production data. They can collect data on production processes, inventory levels, machine performance and other relevant metrics. What is a Connected Workforce?

Optimal Sourcing 90

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 90

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 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Synovos

OCTOBER 30, 2023

It is our responsibility to know their business inherently and introduce new savings opportunities and continuous improvements to continue driving those savings. After making one-time adjustments to clear inventory that no longer exists from the ERP system, RS Integrated Supply consistently achieved the target 98%.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Improved Customer Satisfaction A structured department is better equipped to handle customer demands. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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.

Optimal Sourcing 52

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

Silvon Software

APRIL 18, 2024

Many leaders find themselves grappling with fragmented information scattered across various business units and stored in incompatible formats. This helps executives in planning inventory, staffing, and budget allocations. The Need for Unified Data The challenge of harnessing enterprise data effectively, however, remains pervasive.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

synchrono

AUGUST 22, 2016

With greater access to information, today’s buyers are better informed; they do their due diligence before even contacting vendors. Focus on what you can take action on to improve. Combat data overload by knowing what you want to achieve and focusing on metrics that align with those goals.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

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

Logility

JANUARY 26, 2024

However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supply chains have demonstrated. The focus shifts from predicting the future to actively shaping it through informed, real-time decision-making.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Elementum

FEBRUARY 7, 2024

This guide cuts through the complexity, offering a direct comparison between BPA and BPM to clarify how each can uniquely improve your operations. From automating mundane tasks to re-engineering your entire workflow for peak efficiency, we’ll provide the insights you need to make informed decisions that propel your business forward.

Resource Reduction 78

Resource Reduction Optimization Software Waste Reduction Cost Reduction Strategies 78

Logility

AUGUST 18, 2023

Without a detailed comprehension of how supply chains operate and contribute strategically to the organization, opportunities for efficiency improvements and strategic integrations are often overlooked. Without these shared metrics, the vision for success might differ between the two, causing further misalignment.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

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. We hope these posts keep you on top of your game and informed. . 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Adexa

JULY 17, 2023

Improved visibility and transparency: Digital transformation enables real-time visibility across the entire supply chain network. It allows organizations to track and monitor inventory levels, production status, transportation, and other crucial supply chain activities.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. How do we get buy-in around the organization?

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

TrackVia

MARCH 25, 2024

These solutions enable construction professionals to make informed decisions quickly, adapt to changes on the fly, and ultimately deliver projects on time and within budget. Doctors and nurses can access critical patient information instantly, and communication among healthcare teams is effortless and instantaneous.

Optimal Sourcing 105

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

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.

Customer Service 192

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

GlobalTranz

MAY 18, 2018

Leverage Inventory as Data When systems communicate, they create inventory data, but actual inventory can be turned into data points and metrics to understand the flow of products. This information should be clean as well. [WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

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

Supply Chain Shaman

JUNE 15, 2018

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. The metrics shown in Figure 1 are difficult to improve together. improvements. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

GlobalTranz

JUNE 1, 2018

The Problem: Warehouse Managers Are Stuck in an Age of Antiquated Systems With Mountains of Data That Could Be Lost Warehouse managers have grown accustomed to older systems containing enormous stores of consumer, supplier, and supply chain partner information. Improving network-wide inventory visibility.

Supply Chain Design Software 184

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

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

ToolsGroup

JULY 10, 2018

Techniques range from informal methods like educated guesses to quantitative methods that analyze historical sales data. It often employs statistical metrics like MAPE (mean average percentage error), which has hit a wall in recent years due to increased demand volatility and this approach's mostly backward-facing nature.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

RFgen

APRIL 18, 2023

Overhead swells in direct proportion to misships, adding greater expense for return shipping fees, overnight and same-day ordering, wasted inventory, chargebacks , wages, and loss of customers. Assign a supervisor to monitor compliance and KPI metrics. Track metrics like inventory accuracy, order accuracy, mispicks, and misship rates.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

Precoro

FEBRUARY 26, 2024

Companies can optimize their cost centers by planning expenses meticulously and monitoring them more closely, enhancing workflow efficiency, and focusing on continuous improvement. For instance, useful information to consider might be equipment usage rate, inventory turnover, or employee productivity.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. Conduct an Operational Assessment The first step in boosting the performance of your distribution operations is to assess your current processes and identify areas for improvement.

Inventory Reduction 101

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

Operations and Supply Chain Management

NOVEMBER 21, 2023

To gain a holistic view of their supply chain and make more informed decisions, all relevant stakeholders must be involved in the planning process. 5 Continuously improve: Concurrent planning is an iterative process that requires continuous improvement.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Supply Chain Planning Optimal Sourcing 40

Unleashed

APRIL 6, 2022

Here we look at the aims and optimal outcomes of lean operations through the lens of these 13 core principles – and give you insights into how digital tools like manufacturing inventory software can support your business’ use of these methods.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Unleashed

MARCH 24, 2024

Faster fulfilment: Some lean manufacturers find that they can improve their fulfilment times, delivering products more quickly, through the streamlining processes that come with going lean. Reduced costs: Reducing waste, upping productivity and managing inventory better lead to lower costs and better cash flow. Transportation.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

SCMDOJO

JUNE 6, 2023

This helps them optimize inventory levels and avoid overstocking or understocking. This has proven to improve cash flow since businesses avoid extra costs by excess inventory supply, and they also avoid not having enough products on hand. They can avoid bottlenecks and inventory shortages. Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

ThroughPut

MARCH 11, 2024

This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management and quality maintenance. This would be the ready reference for important information such as part specifications, important plant assembly instructions, equipment maintenance records etc.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Handbook 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130