Supply Chain Shaman

JANUARY 7, 2015

Over the course of the last week, I had a Linkedin comment from Dubai, questions from a team from the Philippines, and an inquiry from Switzerland. Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book? Achieving Balance in Metrics. 3) Outside in.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Logility

AUGUST 7, 2023

The result is, of course, an unhappy customer and the likelihood that for the next incident, they will be looking for another service provider or third party. There are simple metrics, which indicate the linkage between parts availability and additional sales. Have you looked into inventory solutions?

Customer Service 214

Customer Service Supply Chain Planning Software Optimization Software Logility 214

Unleashed

NOVEMBER 16, 2022

New manufacturing data has revealed which industries and nations are leading the way in the post-pandemic economic recovery – and the tactics they’re using to beat supply chain disruption. We did this by analysing four key metrics: The average value of total stock on hand – reflecting the volume of goods held (plus impacts from inflation).

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Price Reduction 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric. . – can be measured to define this metric.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Logistics Viewpoints

FEBRUARY 2, 2024

cities over the course of the year, bringing the total number to 110. Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. export regulations led to supply chain disruptions. That’s all for this week.

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

BlueYonder

APRIL 9, 2024

For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Dealing with each area — planning, manufacturing, distribution, fulfilment, etc. —

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

BlueYonder

NOVEMBER 15, 2022

Much of our world relies on the timeliness, effectiveness, quality, and reliability of manufacturers. However, it is proving to be a more complex proposition for manufacturers who are typically more nascent in their digitalization efforts, and in bringing improved connectivity and visibility to their supply chains.

Capacity 75

Capacity Manufacturing Supply Chain Planning Software Optimization Software 75

Supply Chain Shaman

OCTOBER 11, 2012

” CFO of a major manufacturer. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. Have the early adopters of inventory optimization seen a reduction in inventory on their balance sheets?”

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. Of course, without the right tools, this is no simple task. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. To change course, learn from history, to unlearn to rethink outcomes. Reward teams for cross-functional metrics. What did we find?

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Supply Chain Shaman

SEPTEMBER 4, 2017

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. These are mainly North American-based manufacturers, distributors and retailers.) Note that there is an inverse relationship between inventory turns and inventory targets.

Supply Chain Planning Software 169

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 169

Precoro

JULY 16, 2023

In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases. Delays in supply deliveries, on the other hand, can lead to downtime at the manufacturing step and cause setbacks in meeting final customer expectations.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 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. Even where the same metrics are used, there are differences.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Veridian Solutions

SEPTEMBER 9, 2019

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for ways to improve inventory management. Amazon wants to take over the world.

Inventory Management Software 70

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 70

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 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.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

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. The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” The Preamble. Background. Time horizon.

Supply Chain Design Software 183

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

SCMDOJO

JUNE 6, 2023

This Distribution Operations Assessment tool can be used by Original Equipment Manufacturers (OEMs), Principal Corporates, and distributors themselves to gain insight into materials management and logistics knowledge, identify gaps in skills and knowledge, and foster critical thinking and self-awareness.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

IQMS

JULY 2, 2018

72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. 72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient.

Manufacturing Procurement 71

Manufacturing Procurement Optimal Sourcing Manufacturing Inventory Reduction 71

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

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

Unleashed

MARCH 7, 2019

In today’s manufacturing arena, the common mantra is to produce more ‘faster, quicker, cheaper’ with the common goal being to instigate more interest through marketing, drive sales up and increase profits. This is all very well, however to achieve this goal, inventory management needs to be a focus. Shift the blame.

Inventory Management Software 66

Inventory Management Software Inventory Management Inventory Reduction Inventory 66

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Supply Chain Shaman

SEPTEMBER 20, 2015

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. SanDisk Corporation designs, develops and manufactures flash memory storage devices and software. The company is the third-largest manufacturer of flash memory in the world.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

MARCH 5, 2019

Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. When they built the project, they did not realize that they did not have access to daily data daily for their third-party warehouses and contract manufacturing locations. 2) Latency. 3) Granularity. Master data. The devil is in the details.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

DynaSys

MARCH 17, 2021

Organizational metrics are important. S&OP plans often focus on objectives like on-time in-full (OTIF) , inventory turns, and resource utilization. Financial plans typically focus on metrics like revenue, budget adherence, profitability, working capital requirements, and of course the impact on cash.

S&OP 88

S&OP Supply and Demand Procurement Analytics Forecasting 88

Logistics Viewpoints

MAY 19, 2022

Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. Scenarios allow planners to ask all kinds of what-if questions to help determine the best course of action under a variety of future outcomes. Why supply chain optimization matters.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Supply Chain Shaman

JUNE 5, 2013

Manufacturing is designed and planned in isolation. Integration of corporate social responsibility metrics in planning. Integration with manufacturing systems to understand actual run times and Operating Efficiency (OEE). There is a lack of clarity on what drives value and metrics are functional. Manufacturing.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. They used the work built together in 2004-2009 to build a course with Georgia Tech for executive training.)

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

Supply Chain Shaman

MAY 22, 2013

The research tries to establish “ who did supply chain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies. Inventory Turns values are based on an average of quarterly reporting for the past year. Inventory Turns is only part of the story.

Gartner 250

Gartner Pharmaceutical Supply Chain Chemicals 250

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. How do you define the metrics that matter?

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

Supply Chain Shaman

OCTOBER 1, 2013

Both companies provide packaging materials to the food manufacturing industry. Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. billion company, manufactures glass containers with headquarters in the Midwest. It cannot be about singular metrics.

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

Unleashed

AUGUST 14, 2023

Manufacturing operations need to implement effective production management tools and processes to reduce the cost of producing goods. Production management aims to monitor and improve your manufacturing performance. The importance of production management in manufacturing Production management in manufacturing is vital.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

GlobalTranz

DECEMBER 27, 2017

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. We will feature over the next 4 business days each category's most viewed posts over the course of 2017. Share This: Read More. [e-Book]

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

Supply Chain Shaman

MARCH 9, 2020

Over the course of the last three decades, supply chains grew more complex. Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. With greater pressure on shorter cycles and less asset availability, getting good at inventory processes increased.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297