SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Optimal Sourcing 75

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 75

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 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. Its execution directly impacts cost, quality, and the delivery of goods and services. 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.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

SEPTEMBER 3, 2018

” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supply chains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. Second, they adapt over time as market structures and strategies evolve. Reward teams for cross-functional metrics.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” What is the issue? Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Unleashed

MAY 7, 2024

It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair. By implementing sustainable manufacturing strategies, manufacturers can significantly reduce environmental impact.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. The discussion of customer-segmented supply chains happens often. When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

QAD

JUNE 25, 2019

Managing inventory effectively is a delicate balancing act, affected by lead times, supply chain efficiency , demand variability, product complexity, product life cycles, warehouse space and practices, among other variables. Using Metrics to Measure the Health of the Business. Tracking, Managing, and Choosing Metrics.

Procurement Analytics 104

Procurement Analytics Metrics Inventory Reduction Inventory 104

Unleashed

APRIL 21, 2024

This means better customer satisfaction, a healthy brand reputation, and more sales. This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Order processing is the order management workflow associated with accepting, managing, and fulfilling customer orders.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The supply chain is efficient by transit time. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Every company knows customer service is important, but it is seldom well-defined, and even more rarely measured in logistics operations.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

QAD

FEBRUARY 7, 2023

Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. When implemented in an organization, we add customer service (orders shipped complete and in full).

Modeling 209

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 209

Silvon Software

MAY 1, 2024

Predictive Analytics has emerged as a pivotal tool in this quest, offering unprecedented foresight into market trends, consumer behavior, and operational efficiencies. BI integrates data from multiple sources, creating a unified repository that is essential for developing accurate and comprehensive predictive models. Data Integration.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Predictive Analytics Software Analytics Software Predictive Analytics 59

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

Elementum

JANUARY 16, 2024

Process Automation: Revolutionizing Business Efficiency and Growth Process automation refers to the use of software and technologies to automate complex business processes, enabling organizations to improve efficiency and reduce human error.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Logility

DECEMBER 2, 2020

Most improvements are made through more effective planning or more efficient operations. Higher forecast accuracy supporting a mature S&OP process allows a company to hold less inventory, run more efficient plants, and improve transportation efficiency. Source: Nielsen Product Insider, 10/20/2018.

Supply Chain Planning Software 133

Supply Chain Planning Software Sourcing Strategies Supply Chain Planning Scenario Planning 133

SCMDOJO

APRIL 9, 2024

The Industrial Revolution gave rise to large-scale production and transportation efficiency, which led to the modern logistics landscape that we know today. In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation.

Supply Chain Design Software 77

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 77

Logistics Viewpoints

AUGUST 7, 2023

The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. Many companies have negative impacts on customer service levels during the first five months of implementing an advanced supply planning solution, Mr. Bennett explained.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

EC Sourcing Group

SEPTEMBER 6, 2022

As we’ve previously discussed, the best sourcing software can help streamline sourcing and improve winning in reverse auctions, but global sourcing software can put you in touch with a larger field of suppliers so that you can cherry-pick the ones with the most eco-friendly supply chains. . Customer service improvements.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

ToolsGroup

SEPTEMBER 25, 2019

New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . Drivers of supply chain planning digitization vary significantly by company, with 42% identifying increased operational efficiencies (e.g. PRESS RELEASE. BOSTON, Mass.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Adexa

JULY 17, 2023

Why supply chain digital transformation is essential Companies improve their efficiency and agility to be more competitive. By leveraging advanced analytics, machine learning, and automation, businesses can better predict demand, optimize inventory levels, reduce waste, and allocate resources efficiently.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

SYSPRO Smarter ERP

NOVEMBER 3, 2021

The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service.

Manufacturing Procurement 105

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

Supply Chain Shaman

OCTOBER 8, 2019

I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

Supply Chain Design Software 187

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

Logility

NOVEMBER 30, 2020

Supply chain practitioners are asked to accomplish more with less, to be involved in more business processes and deliver more value-added capabilities while lowering costs and ensuring high customer service. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

Supply Chain Shaman

MAY 7, 2015

The answer for many teams I work with is to wave their hands and declare the need for an end-to-end supply chain strategy. Building the Effective End-to-End Strategy. While companies believe that there is opportunity to building an end-to-end strategy, there is no standard definition. Figure 1: Supply Chain Descriptors.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 150

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The source data for the analysis comes from Ycharts.). Outside-in Processes.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Unleashed

AUGUST 16, 2023

That’s why we’ve used this article to break down what backorders are, how they can be managed efficiently, and the pros and cons of having products on backorder. A backorder is a customer order that could not be fulfilled immediately but will be shipped out once the ordered items become available. What does backorder mean?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Unleashed

JANUARY 14, 2024

We’ll look at modern manufacturing inventory methods, useful strategies, and manufacturing inventory management best practices. Inventory management in manufacturing can be influenced by the type of marketing strategy used. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

SCMDOJO

AUGUST 4, 2023

By implementing effective inventory management and inventory reduction strategies, you can optimize your operations, enhance customer satisfaction, and ultimately boost your bottom line. But times are changing, the use of reduce inventory offers more quality and useful performance metrics.

Inventory Reduction 91

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 91

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. What a Supply Chain Digital Transformation Means Unsurprisingly, a company as large as Mars has a highly complex supply chain involving global sourcing, manufacturing, and distribution.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Organizations can align to drive value despite the allegiance to functional metrics. We source this data from Y charts. The Y charts service is a syndicated data feed of all public financial reporting. Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195