SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. Why have we not improved our use of channel data in supply chain processes?” My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

OCTOBER 16, 2023

A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it? Improved Forecast Value Added (FVA). Market-Driven Process.

S&OP 309

S&OP Supply and Demand Forecasting Supply Chain Design Software 309

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Kinaxis

JUNE 22, 2015

by Andrew Dunbar Over the last several weeks, this blog series on Inventory Management has explored the objectives and roles of inventory managers and outlined several of the improvement levers available to them. The metrics you choose should answer the questions your organization is asking, without requiring additional analysis.

Metrics 100

Metrics Inventory Reduction Inventory Inventory Management Software 100

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. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 204

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 204

Logistics Viewpoints

JUNE 1, 2021

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

Inventory Management Software 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. The issue is data synchronization. The more outsourcing and instances, the greater the issue with data synchronization. Rolling up a perpetual inventory signal takes eleven hours. How does this happen?

Supply Chain Planning Software 317

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 317

Supply Chain Shaman

JANUARY 2, 2024

I questioned in this time of uncertainty if supply chain leaders will value data-driven content. We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. We speak of data latency, but do not measure the impact on performance.

Gartner 266

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 266

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Supply Chain Shaman

JANUARY 8, 2024

Working on it over the holiday break, allowed me to spend more time to think about the trends that I am seeing in the data. We are currently working with the statistics group at Georgia Tech to understand how the relationship of these metrics changed over time, but more on that in a later blog.) Smaller Focused Companies Win.

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

Logility

FEBRUARY 23, 2021

In addition, they wanted to incorporate the inventories from their parts suppliers and their geographic locations so they could minimize empty return-trip trucks and duplicate runs, as well as minimize the inventory that they had to keep on hand in their distribution centers while knowing which suppliers had what parts in stock.

Inventory Reduction 134

Inventory Reduction Inventory Logility Logistics Network Optimization Software 134

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 83

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 83

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. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data.

Supply Chain Planning Software 168

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 168

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ToolsGroup

MARCH 3, 2022

Let’s face it: the influence of weather on your consumers’ behavior is complex and nuanced, and temperature or precipitation data is easily misinterpreted and misused. Using weather data for retail forecasting starts with measuring the impact of weather for specific items, time period, and locations. based on the sales theme.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Inventory Turns and Sales-to-Inventory Ratio. DSO – Days Sales Outstanding.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. Gartner delved into this issue in a recent report, Build the Capability for Inventory Health Assessment.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

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

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Supply Chain Shaman

MARCH 21, 2024

If I had a magic wand, I would redesign work to transform the planners to become data orchestrators with supply chain planning becoming self-service by business leaders. The Orange layer above the traditional deployments (shown in blue) become the collaborative data sharing area for business leaders. Why Jump Now?

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

3PL Insights

AUGUST 16, 2021

Big data is only useful if you understand the metrics and can connect them to the important areas of your business. But how do we turn inventory management data and other key metrics into business intelligence? Account Activity Data. Account Activity Data. It also tracks the inventory turn rate.

Data 98

Data Supply Chain Optimization Supply Chain Material Savings 98

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. The group’s response is, “Are these supply chain metrics?” show a clear gap in performance.

Supply Chain Planning Software 281

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 281

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 93

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 93

Supply Chain Shaman

JANUARY 7, 2015

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. Achieving Balance in Metrics.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Cost reduction is still very important.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

SCMDOJO

APRIL 9, 2024

From the ubiquity of the Internet and various electronic gadgets, we are now in the era of next-level digital space where businesses and individuals can easily leverage the power of cloud computing, big data analytics, AI, and the Internet of Things (IoT). These have become part of many aspects of modern life, including commercial logistics.

Supply Chain Design Software 65

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 65

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Here’s a look at our top seven.

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

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 84

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 84

Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193