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

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. With scores, analyses, and graphs, this supply chain tool provides a comprehensive evaluation of materials management competency and help set a course for improvement.

Supply Chain Planning Software 89

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

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 318

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 318

Procurement Academy

OCTOBER 25, 2021

That’s good, of course. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. How should a procurement function regard a supplier with fewer green credentials, but a better performance when it comes to social responsibility?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 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

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. Most supply chain planning teams do not know their customers. In fact, the teams ignore the forecast. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. There is a lack of clarity on what drives value and metrics are functional. Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Procurement. Manufacturing.

Supply Chain Planning Software 220

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 220

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 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

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

Supply Chain Shaman

OCTOBER 1, 2013

Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. OI has been more focused on transactional efficiency, procurement and IT standardization. While Sonoco Products is losing margin (in large part due to a tough market), they are making improvements in inventory turns.

Illinois 252

Illinois Waste Reduction Supply Chain Planning Software S&OP 252

Logistics Viewpoints

MAY 19, 2022

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. Imagine you are a high-tech manufacturer with more inventory in stock than your forecasted production volume, which puts you in good company, since US manufacturers’ inventories continue to rise.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

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

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Over the course of a year, we analyzed a decade of financial data to gain an understanding of how companies and industry sectors are balancing growth, profitability, cycles and complexity. We enjoy writing them!

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 255

GlobalTranz

DECEMBER 27, 2017

We will feature over the next 4 business days each category's most viewed posts over the course of 2017. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Supply Chain Software 151

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

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

BlueYonder

MARCH 18, 2022

Equipped with scalable modeling capabilities powered by digital twins, every organization can now sense issues, collaborate on scenarios in digital situation rooms, and enact an orchestrated, synchronized response across the entire value chain, from procurement to transportation and fulfillment. The Only Numbers That Matter: Your Metrics.

Modeling 52

Modeling Agile and Lean Supply Chain Supply Chain Planning Software Supply and Demand 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. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

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

Supply Chain Game Changer

MAY 5, 2021

They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster. Case in point: research firm Gartner includes the speed of inventory turns as a key metric in its annual Top 25 List recognizing companies for their excellence in Supply Chain.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Unleashed

MARCH 31, 2021

Roasters may then sell on their beans to a cafe, which of course provides its barista coffee to consumers. You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. Inventory days of supply. Inventory days of supply.

Supply Chain Planning Software 69

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

American Global Logistics

DECEMBER 7, 2022

That’s par for the course. We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. It also led to inventory excesses.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Over the course of the last decade, I have carefully recorded and reported presentation after presentation from conference after conference and interview after interview with supply chain leaders.

Inventory Reduction 262

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 262

BlueYonder

MARCH 18, 2022

Equipped with scalable modeling capabilities powered by digital twins, every organization can now sense issues, collaborate on scenarios in digital situation rooms, and enact an orchestrated, synchronized response across the entire value chain, from procurement to transportation and fulfillment. The Only Numbers That Matter: Your Metrics.

Modeling 40

Modeling Agile and Lean Supply Chain Supply Chain Planning Software Supply and Demand 40

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. Producer Price Index approaching 10%, has proven durable and may worsen before reversing course 4. Understanding their contribution requires precise metrics and methodologies. of the country's GDP or $2.3

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

Supply Chain Shaman

MAY 21, 2013

Over the course of the last week, I have been working on healthcare research. Over the course of the last five years, they have fought the shift in power. Be sure to not overlook the inventory carrying costs and the impact of demand latency. Generalize procurement of materials. These costs now lack controls.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Supply Chain Shaman

JUNE 18, 2015

The practices are still emerging and have morphed dramatically over the course of the supply chain leader’s career. In discrete industries, the early supply chain organizations reported to procurement. Looking Back at History. For perspective, let’s look back at history. The goal was efficiency.

Sourcing Strategies 150

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Design 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

Elementum

JUNE 30, 2022

In a Recession, there is usually a market that needs to course correct (e.g. Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Suppliers will continue to ship orders in an effort to get the inventory off their books. tech stocks, mortgages). delivery fee.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. If university study is a little beyond you right now, one of the certification courses might work better for you. Why Choose a Job in the Supply Chain Industry? Finance managers.

Supply Chain Planning Software 96

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

Unleashed

MARCH 9, 2021

What is procurement? 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. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

BlueYonder

JANUARY 3, 2023

Of course, the essential question is: How do we get there? As a result, we’ve seen a 10% increase in service metrics.”. This could be activating alternative sources, increasing inventory for contingency, or finding extra labor,” he notes. We know that it’s impossible to eliminate disruption. Digitalization Is No Longer Optional.

Supply Chain Planning Software 92

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 92

Supply Chain Shaman

AUGUST 11, 2014

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We have found that supply chain metrics are gnarly and complicated.During Resiliency is the tightness of the pattern, or the reliability of operating margin and inventory turns results.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

NC State SCRC

MARCH 25, 2021

This monster ship, which is as long as the Empire State Building and weighs about 200,000 metric tons, became stuck due to high winds, and no one seems to be able to get it out. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Logistics Bureau

AUGUST 1, 2022

The need for any S&OP process to have an executive sponsor who actively participates in the process, albeit only by exercising final approval over plans and, of course, making any decisions that call for executive authority, cannot be overstated. S&OP is ostensibly a numbers game, of course. Inventory turns.

Supply Chain Planning Software 87

Supply Chain Planning Software S&OP Supply Chain Planning Scenario Planning 87

QAD

OCTOBER 4, 2023

Armed with in-depth insights into procurement, inventory management, supplier performance, order management, fulfillment, and more, companies can improve their processes and better manage challenges that arise within their businesses with supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Talking Logistics

SEPTEMBER 22, 2015

The businesses that are leading in the industry understand that, with a given set of inputs and distributions, there could be a range of outputs that business leaders will review and then decide on the best course of action at the time. Great technology is a good place to start, but more is required for supply chain success.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 100

Resilinc

OCTOBER 11, 2022

There are a lot of hard-headed realists in the procurement and supply chain profession. As a consumer, let us say, you are given a choice between two identical iPhones—one that was made in China with Just-in-Time inventory management, and the second made in the U.S., Obviously, most will choose the cheaper iPhone.

Manufacturing Procurement 62

Manufacturing Procurement China South Carolina Mexico 62