Enterra Insights

OCTOBER 20, 2022

Nowadays, few people question the value of data. Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, goes so far as to assert data is an organization’s most valuable asset. Today, it’s not people but data that tops the asset value list for companies.”[1] For example, Julius ?erniauskas

Big Data 130

Big Data Data Quality Cost Reduction Strategies 130

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

PINC

AUGUST 3, 2020

and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. To fill these gaps, a growing number of companies operating in the consumer sector have adopted the “on-time in-full” (OTIF) delivery metric. Streamline data complexity.

Waste Reduction 130

Waste Reduction Metrics Inventory Reduction Cost Reduction Strategies 130

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

Logistics Network Optimization Software 91

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 91

GlobalTranz

MAY 20, 2015

Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier. 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. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logistics Viewpoints

AUGUST 15, 2022

A MSCN is a collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. By ARC’s definition, when a business spend management solution is used for direct procurement it is an MSCN.

Supply Chain Network Software 219

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 219

Supply Chain Shaman

OCTOBER 25, 2021

Build capabilities to manage planning master data. Change internal metrics to a balanced scorecard and force the functions to work better together. There is no place to put market data–weather, telematics, point of sale/consumption, unstructured data–in today’s infrastructure. Focus Outside-In.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. I also share data to try to convince you to join a guiding coalition to think bigger. Sales data has the greatest bias and error due to bonus incentives. Measure it.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

OCTOBER 25, 2021

Build capabilities to manage planning master data. Change internal metrics to a balanced scorecard and force the functions to work better together. There is no place to put market data–weather, telematics, point of sale/consumption, unstructured data–in today’s infrastructure. Focus Outside-In.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

Silvon Software

MARCH 3, 2023

Key to that is understanding what you should measure to assess your S&OP effectiveness, where to set your Key Performance Indicators (KPIs) and the most optimal methods you should use to analyze your data to improve performance. Delivery metrics can vary in terminologies, measurement methods, and variables from one company to the next.

S&OP 115

S&OP Procurement Analytics Supply and Demand Analytics Software 115

Unleashed

MARCH 31, 2021

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. The difference between supply chain and logistics. What is logistics? Logistics is a subset of the wider supply chain that controls the movement and storage of goods between nodes in the wider network.

Supply Chain Planning Software 69

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

GlobalTranz

JANUARY 30, 2015

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” has changed to “ Is the data meaningful ?” If you are in search of meaningful data it is imperative to understand its building blocks or foundation. Where is the data coming from?

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

The Logistics of Logistics

JUNE 23, 2022

The peak season definition is a continued evolution of the seasons in transportation. Yes, all parties have metrics and KPIs that help them know when to switch carriers or where to throttle ordering, but that’s not acceptable to customers. The Logistics of Logistics Podcast . When and What Is Peak Season ?

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Supply Chain Shaman

APRIL 25, 2013

As I sat at my kitchen table, I reviewed spreadsheet after spreadsheet of corporate performance data on supply chain financial ratios. The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. Definitions. What We Know Today.

Supply Chain Design Software 263

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 263

Supply Chain Collaborator

SEPTEMBER 21, 2015

Fleet operators are mining equipment maintenance data to detect trends; some even mine data from social media. The potential to capture significant competitive advantage with Big Data strategies is phenomenal. If you don’t already have TMS or any logistics IT solution in place, consider taking a product demo today.

Big Data 60

Big Data Optimization Software Analytics Software Data 60

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 102

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 102

Enterra Insights

JUNE 6, 2023

Within the consumer packaged goods (CPG) industry, digital twins have potential uses for optimization, simulation, decision support, root cause diagnosis, reporting, alerting, and serving as a data repository for training machine learning (ML) models with a much broader data scope. and provide an answer to it.”

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

Supply Chain Shaman

AUGUST 12, 2020

The topic of the meeting was the logistics to launch of the AMR Research Top 25. The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. During the presentation, I squirmed uncomfortably in my seat.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

DECEMBER 23, 2014

Cloud-based logistics and warehouse management are combining with B2B networks to enable multi-tier fulfillment. Aggressively design and test products online and then bring the data into your forecasting tools to predict sales of new products by channel. This is why many retailers have struggled with cross-channel fulfillment.

Packaging 292

Packaging Inventory Reduction Supply Chain Design Software San Francisco 292

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 90

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 90

Supply Chain Matters

APRIL 20, 2022

Oracle has announced findings from a termed No Planet B corporate sustainability study that provides definitive data regarding viewpoints from customers and consumers on areas related to business sustainability and overall business ESR i nitiatives. Perhaps the study authors and share some of that demographic data.

Survey 111

Survey Sustainability Cost Reduction Strategies Sourcing Strategies 111

Supply Chain Shaman

FEBRUARY 27, 2020

Here, I postulate that the supply chain dragon is data. Supply chain leaders are drowning in data and low in insights. Each survey that I do comes back with data as a major challenge. How do we harness the power of data with new forms of analytics? In Figure 1, I show results from a recent S&OP study. The problem?

Analytics Software 247

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 247

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. A culture of continuous improvement is one which help foster trust and partnership.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

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 261

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 261

Supply Chain Shaman

MARCH 19, 2014

It permeates corporate strategy, but it lacks definition. But the data could not support the promise. I wanted it to be data-driven. As an industry analyst, in prior roles I had never had access to this data. I am looking at the data for 2000-2013 for several reasons. I find it refreshing.” I could taste it.

Gartner 323

Gartner Supply Chain Planning Software Supply Chain Strategy Supply Chain Software 323

Freightos

APRIL 24, 2018

Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The S&P 500 works because it taps into real, live data , with a representative sample selected by a committee of analysts along with the right methodology.

Freight 140

Freight Logistics Network Optimization Software Supply Chain Planning Software Los Angeles 140

Supply Chain Shaman

NOVEMBER 21, 2017

This includes the definition of spare part requirements, maintenance outages, and production planning. The Autonomous Supply Chain for Physical Logistics. Drones in warehouses using machine learning for real-time inventory and self-driving vehicles are transforming logistics. It is happening. Driving Value in B2B.

Supply Chain Planning Software 153

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling Software 153

Supply Chain Shaman

JUNE 5, 2013

Clear understanding that the focus needs to be on the probability of the forecast, and that the focus needs to be outside-in based on channel data. Integration of corporate social responsibility metrics in planning. Supply Chain Planning Data. There is no one in the organization responsible for planning master data.

Supply Chain Planning Software 224

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 224

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Another methodology is the Porter’s Value Chain Framework, which comprises of inbound logistics, operations, outbound logistics, sales, and service. can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES).

Manufacturing Procurement 105

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

Logistics Viewpoints

DECEMBER 7, 2021

Increasingly, some retailers, e-commerce merchants, and other shippers have broadened their definition of carrier capacity management to include new and effective ways to lessen the carrier capacity crunch. Walmart, for example, offers logistics services to competitors. Widening our view of carrier capacity management.

Capacity 192

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 192

Talking Logistics

JULY 24, 2017

Why has this become so important for shippers and third-party logistics providers (3PLs)? We’ve always had systems that allowed you to get visibility within your own four walls,” said Bennett Adelson, CEO of MacroPoint in a recent episode of Talking Logistics. What’s driving this demand?

Real-time Visibility 0

Real-time Visibility Demand Planning Software Freight Supply and Demand 0

Zipline Logistics

JANUARY 10, 2023

T he cascading logistical problems caused by the pandemic and the war in Eastern Europe have made securing a reliable supply chain a national imperative. Andrew Lynch is President and Co-Founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Talking Logistics

SEPTEMBER 5, 2018

Supply Chain and Logistics executives are under a great deal of pressure to not only meet today’s more demanding customer expectations, but to do so in a cost-effective manner. That’s one of the key questions I addressed with Jeff Burns, President of Kenco Material Handling Solutions , in a recent episode of Talking Logistics.

Material Savings 102

Material Savings Optimal Sourcing Manufacturing Procurement Warehousing 102

Supply Chain Shaman

MAY 21, 2013

Data driven discussions on patient satisfaction, readmittance rates and hospital-induced infections will be transformative. The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). Lose sight of the patient and outcomes.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Enterra Insights

JUNE 21, 2021

While definitely better than value extraction, value exchange still falls short because the parties’ focus is to optimize within their own four walls.” ” Robinson goes on to note that this common vision must be supported by shared data. Data silos are a widespread problem. ” Anne G. Ensure culture readiness.

Modeling 130

Modeling Scenario Planning Optimal Sourcing Modeling Software 130