Veridian Solutions

SEPTEMBER 17, 2014

Metrics, sometimes referred to as key performance indicators (KPls), data, insights, or analytics, provide a glimpse into the universe of your warehouse management system (WMS) and operation. Tracking the right warehouse metrics is comparable to using binoculars to gain insight into your processes.

Metrics 40

Metrics Warehousing Supply Chain Analytics Software 40

DELMIA Quintiq

AUGUST 13, 2014

For this, he uses the Theory of Constraints (TOC), following five steps of continuous improvement. Not because he lacks vision, but because he has been focusing on the wrong performance metrics for too long. His first realization is that in order to improve the plants performance, he needs new relevant metrics and KPIs.

Scenario Planning 214

Scenario Planning Supply Chain Planning Software Predictive Analytics Software Expense Reduction 214

Elementum

FEBRUARY 7, 2024

Measuring Automation Success Evaluating the effectiveness of business process automation through AI requires a focus on specific metrics and their influence on organizational goals. These evaluations should guide towards continuous improvement. Can you differentiate between AI-driven process automation and RPA?

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. The questions that are most often asked are: What metrics should I use? Where do I begin?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Unleashed

AUGUST 20, 2023

In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

SCMDOJO

MARCH 8, 2024

Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. Lead Time Reduction: Lead time refers to the time it takes for an order to be fulfilled from the moment it is placed. Act: Continuous improvement is key to optimizing inventory management processes.

Inventory Reduction 82

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 82

BlueYonder

FEBRUARY 27, 2024

Logistics teams have a hard time optimizing warehouses for cost, service, sustainability, and other metrics even in the most stable business environment. It uses advanced technology to continuously improve speed, accuracy and profitability across the warehouse, with minimal human intervention. Operating costs are skyrocketing.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Warehousing Optimization Software 94

QAD

AUGUST 12, 2021

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. It’s a constant area of focus to eliminate waste throughout an organization and drive continuous improvement.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Unleashed

APRIL 29, 2024

Work in progress (WIP) inventory refers to partially completed goods or products still in the production process that have not yet reached the final stage of completion. Work in progress, on the other hand, usually refers to larger, more complex projects. What is work in process (WIP) inventory?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

The Logistics of Logistics

JANUARY 20, 2013

It will be tricky to drive change because they are likely the CEO’s “dashboard metrics”. Many measurements are sacred to the board or other metric owners. Feel free to refer the metric owner to point number 3, after you have developed a meaningful alternative.

Six Sigma 131

Six Sigma Agile and Lean Supply Chain Lean Logistics Network Optimization Software 131

Unleashed

APRIL 10, 2023

This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. What is process improvement in manufacturing? Process improvement comes down to defining and adjusting the way your business does things, to achieve better outcomes. Mura (unevenness).

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Talking Logistics

NOVEMBER 17, 2015

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

Unleashed

APRIL 6, 2022

Another mechanism used is TPM (Total Productive Maintenance), which refers to the idea that everyone involved in the processes should be maintaining it, rather than a specialist maintenance team. Engage in continuous improvement using lean techniques Continuous improvement is vital to the overall philosophy of a lean manufacturing system.

Manufacturing Procurement 98

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

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. Work-in-progress goods Work-in-progress inventory refers to the partially completed products that are still undergoing the production process. Measure the key performance indicators of your inventory system.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

American Global Logistics

SEPTEMBER 12, 2023

Importance of Innovation in Supply Chain Management Innovation in supply chain management refers to the introduction of new ideas, technologies, and practices that revolutionize traditional processes. Establishing a dedicated innovation team or department can drive innovation efforts and ensure continuous improvement.

Sourcing Strategies 52

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

Supply Chain Shaman

NOVEMBER 1, 2015

If the supply chain has high volumes and high demand volatility (like vaccines, suntan lotion, bathing suits, seasonal foods), creating an efficient supply chain with the lowest cost and reducing costs in continuous improvement programs without attention to the balance with customer service and inventory is detrimental.

Supply Chain Planning Software 150

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

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. Then determine is the project targeted to improve visibility, control and improve an outcome or drive continuous improvement.

Supply Chain Planning Software 170

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 170

synchrono

APRIL 4, 2017

Driving Continuous Improvement. Demand-driven managers know that having too many metrics leads to conflicting measurements. From a Demand-Driven Manufacturing operations perspective, you want to pay strict attention to strategic control points for improving Throughput. We call these Metrics for Action.

Metrics 68

Metrics Demand Planning Software Supply and Demand Manufacturing 68

Unleashed

APRIL 21, 2024

After delivery, customer service plays a vital role in addressing any returns, exchanges, or feedback, which can also provide valuable insights for improving future order processing. Order processing refers to both the physical and digital aspects of ensuring a customer’s order is fulfilled on time and accurately.

Inventory Management Software 52

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

SupplyShift

FEBRUARY 1, 2020

Broadly speaking, standardization refers to the process of building consensus among partners to develop a uniform system through which all components of a product or process will be developed or measured. This provides a framework through which to establish goals and metrics, with corresponding action plans to reach those goals.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

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. Implement Logistics KPIs Identifying and tracking key performance indicators (KPIs) is essential for improving distribution operations.

Inventory Reduction 104

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 104

The Logistics of Logistics

NOVEMBER 1, 2012

The culture refers to the values and attitudes of employees in the business or organization. Processes also enable cross training and continuous improvement. Continuous improvement. Closely tied to process is continuous improvement. When evaluating a 3PL, the culture should definitely be considered.

3PL 100

3PL Cost Reduction Strategies Continuous Improvement Price Reduction 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. Then determine is the project targeted to improve visibility, control and improve an outcome or drive continuous improvement.

Supply Chain Planning Software 157

Supply Chain Planning Software Modeling Software Modeling Analytics Software 157

Veridian Solutions

DECEMBER 10, 2018

Microservices in supply chain software refer to the use of independently-deployable applications to complete a business process. Supply chain managers need to understand microservices and how they can significantly improve warehouse management. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Software Supply Chain Design Agile and Lean Supply Chain 45

Procurement Academy

OCTOBER 19, 2023

Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract. A crucial part of successful procurement strategies is the art and science of negotiation.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Logistics Viewpoints

DECEMBER 6, 2020

Many companies have a metric that measures plan accuracy and these companies work, for example, to move plan accuracy from 75% to 78%. Historically, a supply model – increasingly referred to as a “supply chain digital twin” – was limited by computer processing power. We have spent the last decade focused on the ‘perfect plan.’”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Talking Logistics

OCTOBER 18, 2016

This has created what some in the industry are referring to as “supply chain impatience.”. In order to meet continually-changing consumer demands and expectations in an increasingly competitive market, shippers need a fast, efficient supply chain. Understanding and executing upon on-time delivery is a given nowadays.

Demand Planning Software 100

Demand Planning Software Supply Chain Planning Software 3PL Supply Chain Network Software 100

Veridian Solutions

DECEMBER 10, 2018

Microservices in supply chain software refer to the use of independently-deployable applications to complete a business process. Supply chain managers need to understand microservices and how they can significantly improve warehouse management. Most traditional business applications are referred to as “Monolithic applications.”

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Software Supply Chain Design Agile and Lean Supply Chain 40

SupplyShift

FEBRUARY 1, 2020

Broadly speaking, standardization refers to the process of building consensus among partners to develop a uniform system through which all components of a product or process will be developed or measured. This provides a framework through which to establish goals and metrics, with corresponding action plans to reach those goals.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 40

Supply Chain Shaman

JUNE 21, 2016

The metrics reward functional thinking. While most supply chain teams think of these processes one by one –an example is improving the S&OP in isolation of the larger system– it is a system. For reference, 52% of companies have a network design group, and 40% of these companies think that they do it well.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Network Design Software Modeling 170

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. An efficiently managed total lead time is a key factor for improved operational performance and sustained business growth. Frequently Asked Questions: Q: What do you mean by lead time?

Inventory Reduction 79

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 79

Unleashed

OCTOBER 31, 2023

Workforce optimisation (WFO) refers to the practices and tactics a company implements to improve its employees and organisational efficiency. This doesn’t refer specifically to staffing numbers but to the competencies and expertise employees currently bring versus future staffing needs. Let’s dive in.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

MARCH 20, 2016

” , we can see that when companies cannot use and access data is a characteristic of companies that are not working well (reference figure 1). Characteristics of Companies With Supply Chains Working Well Versus those With Room for Improvement. However, very few companies feel that they use data well. Outside-in Processes.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Analytics Software Analytics Supply Chain Planning Software 150

Elementum

JANUARY 16, 2024

Keep in mind that successful automation projects demand continuous improvement. Regularly reevaluate your processes, tools, and performance metrics, and make adjustments as needed to maximize efficiency and effectiveness. By automating these tasks, businesses can save time and resources while reducing the risk of human error.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

Unleashed

JANUARY 31, 2023

This is the core function of lean logistics, and is commonly referred to as ‘going lean’. Strive for continuous improvement Finally, lean logistics is not a stagnant or one-off process. But it’s also possible to improve warehousing efficiency with better equipment and smarter use of that equipment.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

TrackVia

MAY 6, 2024

This enables technicians to deliver more informed and personalized service, as they can quickly reference past issues, preferences, and equipment details. By reaching out to customers after the service visit, field service organizations can show that they value feedback and are committed to continuous improvement.

Analytics Software 52

Analytics Software Predictive Analytics Software Optimization Software Resource Reduction 52