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

Supply Chain Shaman

OCTOBER 11, 2012

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. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 246

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 246

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. SanDisk Corporation designs, develops and manufactures flash memory storage devices and software.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Unleashed

NOVEMBER 16, 2022

Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. The average price paid for goods purchased.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Price Reduction 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. The solution? Unsold products on store shelves.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

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. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

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. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 260

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 260

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Of course, today’s hot item can change on a dime. retail stores. The stakes are even higher when dealing with perishable products.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

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. What is JIT inventory management?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

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. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. The Preamble. Time horizon. The Role of the Budget in S&OP.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

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 Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Gravity Supply Chain

MAY 20, 2022

Spire and Gravity Supply Chain solutions helping restore flow of goods by giving customers more visibility and greater confidence to accurately predict delivery times. ” Providing solutions in the context of this reality is critical, and together Spire and Gravity Supply Chain Solutions are working to restore the global supply chain.

Supply Chain Planning Software 52

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

Supply Chain Shaman

OCTOBER 29, 2014

Here are the three questions that I would like people to ask: Table 1: Comparison of Results for Best of Breed Solution Providers to ERP Expansionists in Supply Chain Planning. The first evolution of technologies were built by best-of-breed solution vendors. This new solution was favored by the Information Technology (IT) organization.

Supply Chain Planning Software 315

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 315

Unleashed

NOVEMBER 15, 2021

Mass customisation is also known as: Made-to-order Built-to-order Increasingly popular in the retail goods sector – but also used in the automotive, software and finance sectors – mass customisation allows customers to purchase a product that is more ‘them’. What about mass customisation in software?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Logility

JULY 20, 2023

That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. When you choose the right solution, you can stay ahead of fluctuations in customer demand, achieve high levels of forecast accuracy, handle seasonality, and drive collaboration across supply chain stakeholders.

Supply and Demand 187

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 187

GlobalTranz

MARCH 23, 2016

Then, the team assigns responsibility for the action required to reach the desired solution. When Lean culture takes hold, the teams are self-managed, managers are no longer reactionary, and they become strategic, proactive thinkers providing sustainable solutions. Practices and learns how to apply Lean tools. that has no end.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

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. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Logility

JANUARY 16, 2018

I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. “ Gartner reports that the predominant inputs to demand-sensing solutions are daily point-of-sale (POS), customer inventory, transactional data, and order and shipment history.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Taulia

JANUARY 4, 2021

Reviewing working capital As the crisis continues, companies will be looking closely at their key metrics of Days Sales Outstanding (DSO) , Days Inventory Outstanding (DIO) and Days Payable Outstanding (DPO). Knowing what level of inventory to hold has become more challenging as a result of the crisis.

Inventory Reduction 52

Inventory Reduction Forecasting Procurement Analytics Forecasting Software 52

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 31, 2021

Roasters may then sell on their beans to a cafe, which of course provides its barista coffee to consumers. Some basic supply chain and logistics KPIs you should be measuring — or using a Business Intelligene tool to keep track of. A lean business looking to build efficiencies would do well to try and improve this metric.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

SupplyPike

JUNE 22, 2020

Learn all about: What Retail Link is and who can use it The challenges of Retail Link What reports and tools Retail Link has to offer. With Retail Link, suppliers can handle their own products by tracking their supplier data , involving sales and inventory volume, percentage of stock, trade margin, and inventory turnover.

Retail 58

Retail Supply Chain Planning Software Procurement Analytics Forecasting Software 58

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

Requis

NOVEMBER 18, 2020

Today, as the founder and managing partner of USM Supply Chain Consultants she has put her expertise in supply chain, procurement, finance and project management to work to help her clients achieve greater profitability. And even at that time he was doing something completely new: he was running simulations using software applications.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

Unleashed

MAY 1, 2023

Meet the experts Nicki Hawkins – Cost Accountant & Head of Purchasing – Ribeye Boats , premium leisure boats in Dartmouth, Devon. Mark Houghton – CEO at Radical Cloud Solutions , our cloud solution specialist in Zimbabwe. Of course, being curious only helps if the forecast models are based on reliable numbers.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Unleashed

OCTOBER 14, 2020

These include the need for accurate inventory management and ordering, batch and quality control, customer relationship management, marketing and of course, sound financial investments and decisions. Brewery software. ERP software takes the pressure off brewers to manage distribution efficiently. ERP for breweries.

Inventory Management Software 111

Inventory Management Software Demand Planning Software Supply Chain Network Software Forecasting Software 111

Supply Chain Shaman

JANUARY 22, 2013

At the NRF event, I feel that the words were largely overhyped and the solutions showcased on the floor largely underdelivered. As these words filled the air in session after session, the promises were vast and overarching, but the solutions showcased in the vendor booths on the floor were largely the same.

Supply Chain Design Software 237

Supply Chain Design Software Analytics Software Supply Chain Network Software Modeling Software 237

Unleashed

OCTOBER 20, 2021

A good inventory management system can play a vital part in the smooth running of a business – and getting it set up properly can make all the difference. Learn more: What is Inventory Management? Techniques for 2021 What hardware requirements are there for an inventory management system?

Inventory Management Software 96

Inventory Management Software Inventory Management Forecasting Software Inventory Reduction 96

TrackVia

AUGUST 29, 2023

However, traditional asset lifecycle management tools often come with limitations; they might be rigid, not scalable, or simply not tailored to cater to the specific needs of a particular business. Enter TrackVia—a modern solution designed to revolutionize the way businesses think about asset management. What is TrackVia?

Analytics Software 52

Analytics Software Predictive Analytics Software Modeling Software Optimization Software 52

TrackVia

AUGUST 29, 2023

However, traditional asset lifecycle management tools often come with limitations; they might be rigid, not scalable, or simply not tailored to cater to the specific needs of a particular business. Enter TrackVia—a modern solution designed to revolutionize the way businesses think about asset management. What is TrackVia?

Analytics Software 52

Analytics Software Predictive Analytics Software Modeling Software Optimization Software 52

Unleashed

MARCH 24, 2024

Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace. In this guide to lean manufacturing tools: What are lean manufacturing tools? Indeed, these tools could be several different things, such as: New shop floor layouts. Big data frameworks.

Six Sigma 52

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

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Unleashed

SEPTEMBER 11, 2019

Your business is reliant on a supplier to provide you with the necessary inventory stock. But the supplier is also reliant on your business to purchase goods from them. Suppliers can be sorted into categories depending on what they sell, how big their company is, where they are located, complaint history and other important metrics.

How To 63

How To Procurement Analytics Comparison Procurement Solutions 63