Supply Chain Shaman

MAY 13, 2024

How aligned do you believe your organization is to drive these metrics? One of my favorite stories was his initiative to reduce the number of cuts of carrots in soups from 33 to three. A good leader knows that cost reductions in the back office does not necessarily improve margins. Reduce Variability and Latency.

S&OP 338

S&OP Supply and Demand Inventory Reduction Expense Reduction 338

Logistics Viewpoints

SEPTEMBER 13, 2022

In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. What obstacles are companies facing in making the most of this opportunity?

Cost Reduction Strategies 218

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 218

Supply Chain Shaman

MARCH 21, 2024

In parallel, I started working on a project to eliminate the secretarial pool. Within a year, we eliminated the typing pool. I would never have eliminated the secretarial pool by asking them their opinion. We explore the concept of holistic inventory strategies focused on the form and function of inventory. The So What?

Inventory Reduction 394

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 394

The Logistics of Logistics

MAY 1, 2024

Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Source capacity with precision using supply and demand metrics and forecasts.

Metrics 209

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 209

Logistics Viewpoints

DECEMBER 17, 2024

However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.

Supply Chain Planning Software 222

Supply Chain Planning Software Procurement Solutions Supply Chain Software Cost Reduction Strategies 222

Logistics Viewpoints

JANUARY 15, 2025

From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices.

Supply Chain Planning Software 224

Supply Chain Planning Software Supply Chain Software Sourcing Strategies Optimal Sourcing 224

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

Supply Chain Planning Software 310

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 310

Logistics Viewpoints

NOVEMBER 20, 2024

For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Reducing carbon emissions is a cornerstone of this effort. Meanwhile, advances in AI-driven route optimization reduce unnecessary mileage, cutting emissions and costs.

Waste Reduction 223

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 223

Supply Chain Shaman

APRIL 9, 2021

The singular focus to implement and shorten cycles for the “go-live date” reduced the focus to test and learn and build core competence. Focus on functional metrics without alignment to a balanced scorecard to drive value. The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery.

Supply Chain Planning Software 355

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 355

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 205

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 205

Logistics Viewpoints

DECEMBER 18, 2024

The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Businesses face heightened uncertainty in managing costs and securing stable energy supplies.

Optimal Sourcing 188

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 188

Logistics Viewpoints

JULY 7, 2022

These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. Reduce waste and lower your costs by monitoring the condition of goods in transit to reduce spoilage. Start with your supply chain. The challenge of change.

Material Savings 254

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 254

Logistics Viewpoints

NOVEMBER 6, 2024

This integrated approach enables Summit to reduce idle time and fuel wastage, aligning with its goal of net-zero emissions by 2050. ORION has proven essential in reducing travel distances, as well as cutting down on greenhouse gas emissions associated with unnecessary mileage.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Optimization Software 221

Logistics Viewpoints

OCTOBER 4, 2021

Dramtatically Reduced Service in Grocery Stores Since Pandemic was Declared. They can then use the data to provide an apples-to-apples benchmark on a variety of innovative supply chain metrics applicable to the grocery supply chain. Furthermore, priority shifted to higher-volume items to reduce changeovers and maximize output.

Inventory Reduction 234

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 234

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 257

Case Study Inventory Reduction Agile and Lean Supply Chain Study 257

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Challenges Traditional definitions of supply chain excellence focus myopically on cost but are too slow in making decisions in inflationary periods. Tougher than most understand. Shift in cycles. Build in-market sourcing.

Supply Chain Planning Software 378

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 378

Supply Chain Shaman

DECEMBER 28, 2020

George’s stated goal was an “end-to-end supply chain strategy,” but the verbage rambled in a non-sensical cycle of monosyllabic industry slang when asked to define it. Educate all of the Georges of the world by getting good at modeling and build asset and inventory strategies based on both bias and error. The So What?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

JUNE 29, 2023

Direct spend can be a significant part of the Cost of Goods Sold for an organization. Configure to Order: This strategy involves customizing standard products based on customer specifications. From natural disasters to geopolitical tensions and the ongoing COVID-19 pandemic, supply chains have been significantly impacted.

Manufacturing Procurement 195

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 195

Logistics Viewpoints

OCTOBER 28, 2024

Further, while 88% of supply chain executives report that their organization’s supply chain plays a vital role in enhancing the customer experience, their colleagues in the C-suite overwhelmingly (88%) view the supply chain function as a cost center. net promoter score or similar metric) as a supply chain KPI.

Supply Chain Execution 209

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 209

Supply Chain Shaman

JULY 6, 2020

He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The first step is the definition of a clear strategy.

Agile and Lean Supply Chain 295

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 295

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 88

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 88

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 329

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 329

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” ” Or “push a shift from a focus on cost to drive value?” Functional Metrics. ” Sound familiar? A SKU is not a SKU.

Manufacturing Procurement 390

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 390

Logistics Viewpoints

JUNE 19, 2024

ESG reports can help investors make informed business decisions by identifying companies with less financial risk and avoiding those that may be impacted by stricter ESG metrics. This suggests a need for a more defined ESG strategy and framework within the industry to guide effective integration and action.

Supply Chain Strategy 231

Supply Chain Strategy Waste Reduction Cost Reduction Strategies Supply Chain 231

DELMIA Quintiq

DECEMBER 28, 2020

Ultimately, what KPIs, as metrics and indicators derived from the set of plans are taken into account and prepared for each scenario. On the contrary, it eliminates the possibility of creating integrated scenarios, excluding the possibility of the best choice. Technology for Effective Planning.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

Supply Chain Shaman

NOVEMBER 21, 2023

As a result, my client became a pawn to eliminate as he drove to his goal of supply chain improvement. In contrast, Fred’s bonus was on logistics costs, so he was constantly rebidding lanes and bringing in new carriers. He wanted control of the warehouse to reduce logistics costs. The metrics were not aligned.

Supply Chain Planning Software 328

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 328

The Logistics of Logistics

FEBRUARY 11, 2022

The True Cost of OTIF Failure with Andrew Lynch. Andrew Lynch and Joe Lynch discuss the true cost of OTIF failure. OTIF is a key supply chain metric. Key Takeaways: The True Cost of OTIF Failure. In the podcast interview, Andrew Lynch explained that the fines are only part of the total cost of OTIF failure.

Cost Reduction Strategies 204

Cost Reduction Strategies North America Logistics Network Optimization Software Manufacturing Procurement 204

Logistics Viewpoints

APRIL 21, 2021

The point of the virtual summit was to discuss how streamlining the order-to-fulfillment process achieves perfect delivery, improves customer loyalty, and reduces costs. What is the Perfect Delivery Metric? The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.

Sourcing Strategies 250

Sourcing Strategies How To Supply Chain Design Software Supply Chain Planning Software 250

BlueYonder

MAY 10, 2024

Here are the trends our Blue Yonder Industry Strategy team sees for the upcoming quarter: Supply Chain and Technology Supply chains will remain volatile with escalating disruptions as a result of extreme weather effects and unrest across the globe. Speak to one of our Industry Strategy leaders today! Reach out at blueyonder.com.

Vendor Strategies 105

Vendor Strategies Material Savings Resource Reduction Price Reduction 105

ivalua

JUNE 14, 2023

Procurement Analysts & Subject Matter Experts: These team members play a vital role in extracting and analyzing data, identifying opportunities for cost savings and process optimization. Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

Logistics Viewpoints

FEBRUARY 3, 2022

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC. A change to one link (e.g. on-time delivery).

Inventory Reduction 306

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 306

Logility

AUGUST 18, 2023

However, achieving this critical alignment often stumbles over familiar hurdles: A limited understanding of supply chain operations at the executive level, objectives that diverge between strategy and operations, gaps in communication, a lack of shared KPIs, and the relentless pace of market changes.

Supply Chain Performance 186

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 186

GlobalTranz

AUGUST 26, 2021

A collaborative dedicated provider can deliver on critical service metrics and adjust to demand changes, while helping eliminate unfavorable market exposure.” Reduced transportation spend. Upfront costs provide a more significant ROI in the end by monitoring transportation. Reduced risk for damage to the freight.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Transportation Management 3PL Optimization Software 283

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Leaders put meaning into their strategies.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

Supply Chain Shaman

NOVEMBER 21, 2024

” My problem is that we move through these hype cycles with little accountability for spending and with a major opportunity cost to not redefine work. Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. Did you know that improvement in the supply chain drives 50-70% of this value metric?

Supply Chain Planning Software 357

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 357

Logistics Viewpoints

FEBRUARY 2, 2024

The jobs reduction will save $1 billion this year, Tomé said on an earnings conference call with analysts on Tuesday. Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. Soft demand in Europe and the US led to an overall decline of 7.5

Cost Reduction Strategies 250

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 250

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. We speak of waste reduction and sustainability through a supply centric lens. Improving the forecast reduces waste, helps growth agendas, and improves margin.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195