Supply Chain Insights

JULY 23, 2017

Use our Metrics That Matter methodology to look at improvement and performance. At each round, employees gain an understanding of the value of supply chain decisions through the sharing on the Supply Chain Metrics That Matter. The Bootcamp Intensive is a two day in-person course with participants from a variety of companies.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Supply Chain Shaman

MAY 21, 2013

Over the course of the last week, I have been working on healthcare research. The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). The focus has been on sourcing and managed costs. These costs now lack controls.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Supply Chain Shaman

JUNE 26, 2017

Amazon’s because of their breath in physical and digital supply chain, innovation in material handling, transportation, etc and their vision completely disrupting the industry. Traditionally, the focus has been on building efficient organizational silos for make, source or deliver. Overview of the Methodology. A Closer Look at P&G.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

SCMDOJO

APRIL 9, 2024

Leveraging telematics in logistics makes it easy to access real-time information like vehicle location and status, deviations from planned schedules, traffic situations, driving behavior, vehicle diagnostics, maintenance issues, vehicle metrics that affect fuel efficiency, and more.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

Procurement Academy

OCTOBER 19, 2023

This procurement approach looks at the delivery of value beyond instant cost savings, such as timely delivery, compliance, and innovation. Just a few examples include: Strategic sourcing – optimize supplier selection and procurement strategies to meet specific organizational goals.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Talking Logistics

JANUARY 16, 2019

Gary began our discussion by pointing out that the Amazon Effect, which he says had a critical turning point during the 2017 holiday season, has sped up supply chains for retailers and consumer goods manufacturers, causing a greater emphasis on sourcing. There is much more involved now than the perfect order metric.”.

Supply Chain Execution 101

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software 101

GlobalTranz

JUNE 15, 2017

The tools and techniques of Six Sigma put team’s heads together and stimulate innovation. It for sure requires some degree of self-organization and discipline, but it also creates a perfect ground for resourcefulness and innovation. With an application of statistical methods, the causes of errors are reduced or are eliminated.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210

Supply Chain Shaman

OCTOBER 8, 2019

Over the course of the last two weeks, I find myself sitting in CFO offices attempting to explain how financial leadership can drive supply chain improvement. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. The Preamble.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Master Innovation. Suppliers are a vast pool of potential innovation.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

SEPTEMBER 2, 2016

Communicate the balanced scorecard for the team through clear leadership communication and stay the course. Pick five-to-seven balanced metrics and hold all functions accountable to these corporate metrics. Driving the future requires innovation… Figure 4. Are you building next generation supply chain talent?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

Supply Chain Shaman

JUNE 9, 2016

Over the course of the last decade the remaining solutions struggled. Today technologies allow the delivery on the promise, but ironically, as technology capabilities improve and innovation to create new solutions explodes, the ownership structure is becoming more conservative. The Promise of Innovation.

Supply Chain Network Software 150

Supply Chain Network Software Prescriptive Analytics Software Supply and Demand Modeling 150

GlobalTranz

MARCH 23, 2016

These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Supply Chain Matters

FEBRUARY 17, 2023

The same source, Birinyi Associates, indicated that U.S. According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. firms announced a record $1.26

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Precoro

MARCH 31, 2023

For example, Unilever, a consumer goods company, has a responsible sourcing policy that includes human rights due diligence and requires suppliers to adhere to its human rights principles. In 2022, Nestlé also announced an innovative plan to tackle child labor risks and implement other sustainable practices.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Enterra Insights

MAY 31, 2022

Unfortunately, notes Shawn Muma ( @smmuma ), Director of Supply Chain Innovation and Emerging Technologies at Digital Supply Chain Institute (DSCI), too many businesses have turned their focus inward instead of outward. The winning companies are those that correctly identify the problem to solve — the performance metric to improve.

Supply Chain Software 130

Supply Chain Software Supply Chain Optimization Modeling Supply Chain 130

Proxima

DECEMBER 10, 2020

In a recent article, The Financial Times identified changes to bonus plans as adding non-financial metrics to bonus qualifications and excluding months of poor profits increased during the worst of the pandemic. Over the course of the pandemic, companies across the board were cutting jobs as a cost management strategy.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Price Reduction Negotiating Skills 52

Supply Chain Insights

AUGUST 3, 2017

The only real problems they had outside of vying with their competitors were helping their accounting folks in the home office locate the source of deductions that were not obviously linked to the promotion plans; and heck, that wasn’t their problem anyway, right? It was a tedious effort, but, overall, rather easy. Ah, those were the days!

Vendor Strategies 110

Vendor Strategies Optimal Sourcing Resource Reduction Price Reduction 110

Supply Chain Shaman

JANUARY 14, 2013

Year after year, well intentioned people toiled against improving metrics that reduced, not improved, the effectiveness of the supply chain. The consolidation of this industry has served the technology providers well, but has largely stymied innovation. Metrics comparison of Kellogg Co. These technologies are mature. You got it!

Supply Chain Planning Software 259

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 259

Intelligent Audit

DECEMBER 22, 2020

Sometimes a third party source outside of the company needs to be accessed for data. That includes issues in sourcing transportation capacity, freight settlement, and recordkeeping. Of course, that all depends on having access to quality, experienced and reputable business intelligence providers like Intelligent Audit.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

Supply Chain Network

DECEMBER 11, 2016

Specifically, the other flows in the firm I’m speaking of are cash, people, leads or potential sales, actual sales, capital, new products/revenue sources. And there are of course even ideas and innovation flows within organizations which can be planned, measured and monitored.

Supply Chain Planning Software 68

Supply Chain Planning Software Supply Chain Planning Scenario Planning SCM 68

Supply Chain Game Changer

MAY 5, 2021

Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. Creating a more resilient network can require the ability to create new services, manage assets long-term, and innovate beyond the narrow scope that Procurement used to have.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Enterra Insights

APRIL 8, 2019

We have established business metrics and we love to quantify our business strategies. Bill Gates ( @BillGates ), co-founder of Microsoft and well-known philanthropist, explains, “Today of course Leonardo is most famous for paintings like the Mona Lisa and the Last Supper. In other words, he was an innovator.”

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 100

Enterra Insights

MARCH 1, 2019

It helps organizations improve fundamental business metrics such as productivity, product reliability, quality, safety and yield, while reducing downtime and lowering costs.”[3] Supply Chain Optimization — Improving visibility and insights to build a dynamic supply chain that accelerates innovation.

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Analytics Software 100

Supply Chain Game Changer

NOVEMBER 10, 2018

Collaboration between companies – joint initiatives that go beyond their normal course of day-to-day business, with the aim of delivering significant improvement over the long term. Because the pace of business has increased exponentially, and businesses must be able to respond to new market demands with agility and innovation.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. As a group, we drill into root issues. What do you think?

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Procurement Academy

MARCH 12, 2024

In response to these challenges, Skill Dynamics is proud to introduce the Future Skills course for Cost Optimization. This article is a deep dive into this course – which is specially designed to give the professionals in your team the knowledge and skills they need to excel in strategic cost management.

Optimal Sourcing 69

Optimal Sourcing Negotiating Skills Purchasing Skills Buyer Training 69

HICX Solutions

AUGUST 11, 2021

Of course, there are a few challenges that you encounter and we are tackling them,” he explains. The one who has actually been there and supported them, had a relationship and listened, and, when they were in need with payment terms, or in areas of innovation, made them feel important and their voices heard. Impact on the ecosystem.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Gravity Supply Chain

MAY 20, 2022

Spire provides real-time information and analytics based on global maritime automatic identification system (AIS) technology—Spire’s constellation of small satellites captures the courses and current status of container ships across the globe. billion metric tons as of 2017. In 1956, manually loading a ship cost $5.86

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

Aera Technology

AUGUST 9, 2016

From the time of the first Olympics, taking place in 1896, all the way to today, new innovations and thinking have been applied to help athletes efficiently prepare to win , and to push their limits even further. FusionOps does this by providing key service level metrics across inbound supply, manufacturing sites and end customers.

Pharmaceutical 40

Pharmaceutical Prescriptive Analytics Software Optimal Sourcing Supply Chain Optimization 40

Kinaxis

SEPTEMBER 28, 2015

Big business are jumping on the bandwagon too – utilizing collaborative distribution, reverse logistics and cooperative sourcing to lower costs, improve efficiency and better optimize their supply chain. And of course, we’ll need those delivered same-day. Think Uber , Airbnb , and other peer-to-peer lending services.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Analytics Software Logistics Network Optimization Software 100

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Elementum

JANUARY 16, 2024

Despite these hurdles, the strategic benefits of implementing process automation solutions remain clear, offering a competitive edge to businesses willing to embrace innovation. By automating repetitive tasks, employees are able to focus on tasks that require human judgment and creativity, ultimately driving innovation.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

Kinaxis

AUGUST 29, 2014

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. This will begin to impact the semi/HDD ability to raise capital and innovate/expand. by CJ Wehlage.

Metrics 171

Metrics Supply Chain Planning Software Manufacturing Procurement Thailand 171

ivalua

AUGUST 1, 2022

In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . innovation) with supplier capabilities . Of course, many organizations are far down the digital procurement transformation path and already have some or all of Source-to-Pay (S2P) digitized.

Supplier Management 130

Supplier Management Sourcing Strategies Procurement Solutions Optimal Sourcing 130

Logistics Bureau

NOVEMBER 27, 2016

While I’m a firm believer that innovation, not emulation, is the way forward for any company wishing to differentiate through its supply chain, I also believe that reinventing the wheel is something to be avoided if possible. Innovation. Health and safety. Outcomes First.

Agile and Lean Supply Chain 40

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

RFgen

FEBRUARY 15, 2023

By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Use metrics to measure performance and track progress over time. Strategy is a critical aspect of supply chain management.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

The Logistics & Supply Chain Management Society

MAY 28, 2022

While it’s undeniably important to source products responsibly and produce recyclable or reusable products, companies also need to focus on making the transportation and distribution of products more sustainable. This is a global issue, of course, but if we just take the U.S. Ensure Your Materials Are Ethically Sourced.

Sustainability 264

Sustainability Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization 264