RFgen

MAY 16, 2023

That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important. This rising importance reinforces the need for high-quality data capture. But your analytics is only as good as the underlying data. Enter automated data collection.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

The Logistics & Supply Chain Management Society

MARCH 14, 2023

In today’s commercial environ, we are quite fortunate in that these qualitative insights can often be reinforced with more quantitative data. As data is more readily available and as these tools evolve with a longer and larger dataset, the concerns around the accuracy of the information they provide are less questionable.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

BlueYonder

MARCH 22, 2024

Yet, amidst the excitement, a note of caution was sounded about the ethical use of data and the importance of maintaining customer trust. It’s a powerful tool, but its success hinges on the ethical sourcing and use of data. Making the best decisions to optimize and balance all dimensions of KPI is the retail holy grail.

Optimal Sourcing 99

Optimal Sourcing Trends Las Vegas Supply Chain Software 99

Material Handling & Logistics

DECEMBER 14, 2018

Learn how to organize your data operations in alignment with supply chain strategy. Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. More data is coming in than ever before.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

AIMMS

MARCH 2, 2021

[S&OE] deals with all the issues stemming from actual demand and supply (source: Gartner ).”. S&OE and Data/Integration. To achieve this, integrating with live data is helpful, as well as getting detailed flow data on product availability, customer demand and KPIs. How can you get data visibility?

Modeling 207

Modeling Optimal Sourcing AIMMS S&OP 207

BlueYonder

APRIL 9, 2024

as siloed entities will not only yield less accurate data and a failure to promise deliveries to consumers, but it will probably incur more costs for less returns while taking much longer. Each of these individual elements tick the parallel KPI boxes of saved money, lower emissions, and improved customer satisfaction.

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Customer Order Cycle Time. Days Sales Outstanding (DSO).

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Cash to Cash Cycle Time (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Precoro

JULY 16, 2023

Performance and Reliability of Contracted Suppliers This KPI is a reflection of how efficiently the company cooperates with the contracted suppliers. Emergency Purchase Rate This KPI helps purchasing managers measure how successful they are at handling unforeseen procurement needs.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Logistics Viewpoints

DECEMBER 5, 2022

Those industries include data communications, medical, industrial, automotive and consumer electronics. The data from Infor Nexus also helps the transportation teams do better carrier sourcing. Further, historically Molex had a focused sourcing strategy. One of the keys to better visibility is data quality.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

SCMDOJO

MARCH 19, 2024

Data-Driven Decisions The structure provides a framework for collecting and analyzing data across the supply chain. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

crisp

DECEMBER 15, 2021

At last week’s Supply Chain Summit, Crisp’s Head of Supply Chain Barry Bradley gave brands a step-by-step guide to running a data-driven operations team. One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. The Power (and Pain) of Data. For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Techgistics

APRIL 30, 2023

Large amounts of data from various sources, including the agents, sensors, and other systems can be analyzed, to identify patterns, predict future trends, and make informed decisions. It also provides better fault tolerance and resilience, easier access to data as well as faster deployment and updates.

Optimization Software 130

Optimization Software Predictive Analytics Software Optimal Sourcing Warehousing 130

SupplyShift

MAY 30, 2023

Streamline Scope 3 Measurement The Facility Greenhouse Gas (GHG) Emissions Calculator is a turnkey solution for collecting and calculating your Scope 3 emissions data. The assessment asks suppliers to input facility-level energy-use data and automatically converts it into greenhouse gas emissions intensities.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement KPI Apparel 52

ToolsGroup

MAY 16, 2023

This AI-driven forecasting method incorporates data from a broader range of sources to generate a range of probable forecast outcomes and calculate the likelihood of each. While we received a broad variety of answers to the question of KPIs, we did record a 76% consensus around just six KPIs.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Planning Inventory Reduction 283

ShipBob

JANUARY 28, 2022

An inventory management solution can help you identify potential stockouts by tracking stock levels in real time, pull historical inventory data to forecast demand, and understand warehouse receiving timelines so you know how long it will take to order, receive, and store inventory. So, the shorter your lead times, the better. .

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

RFgen

AUGUST 12, 2020

Warehouse automation in the form of mobile barcoding and data collection are vital technologies for survival in a pandemic climate. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 55

Supply Chain Software Beverage Food Supply Chain Design Software 55

ToolsGroup

MARCH 17, 2021

Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. In a world that rarely plays by the rules, Michael and Stefano embody ToolsGroup’s relentless focus on delivering value to customers,” said ToolsGroup CEO Joseph Shamir.

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

RFgen

AUGUST 12, 2020

Warehouse automation in the form of mobile barcoding and data collection are vital technologies for survival in a pandemic climate. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 52

Supply Chain Software Beverage Food Supply Chain Design Software 52

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. Using supplier management software , supplier performance against these KPIs can be monitored over time.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

SYSPRO Smarter ERP

NOVEMBER 3, 2021

A good way to decide which KPIs to use is to look at how the supply chain is broken down into different processes. 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.

Manufacturing Procurement 105

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

EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. Update the data frequently because interactions and transactions with the supplier change often.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This involves not only identifying the volume and frequency of shipments but also delving into specific requirements, such as: The advent of Digital Freight Procurement Tools , means users can now compile the above data in a fraction of the time spent previously. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Enchange Supply Chain Consultancy

APRIL 1, 2014

Across the Source, Plan, Make and Deliver Supply Chain disciplines we can see excellence and leading edge systems and performance. Stock levels are set using rolling 2-year historical data along with the weekly updated activity plans from Sales & Marketing colleagues. Lead times are optimised and stock is on consignment.

Pharmaceutical 159

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Manufacturing Procurement 159

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. When it comes to managing a supply chain, having access to real-time data can be a game-changer.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

Silvon Software

APRIL 11, 2024

Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion. However, data alone lacks intrinsic value. Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Enchange Supply Chain Consultancy

MARCH 31, 2015

Across the Source, Plan, Make and Deliver Supply Chain disciplines we can see excellence and leading edge systems and performance. Stock levels are set using rolling 2-year historical data along with the weekly updated activity plans from Sales & Marketing colleagues. No month-end Sales target push leading to month end chaos!

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Manufacturing Procurement Sourcing Strategies 100

Unleashed

FEBRUARY 1, 2023

The demand planning and forecasting process The process of demand planning and forecasting can be extremely difficult, as it involves multiple teams across an organisation and data points from both internal and external sources. It also requires the ability to know how to leverage that data and put the learnings into practice.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

GlobalTranz

JULY 7, 2015

However, technology can be used to turn what seemed as losses into standby sources of revenue. This tool holds a small amount of your company’s data and lets the project manager enter new returns, track returns, approve return, and authorize payment of approved returns as well as see Proof of Delivery receipts for returns.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

Precoro

MARCH 31, 2023

For example, Unilever, a consumer goods company, has a responsible sourcing policy that includes human rights due diligence and requires suppliers to adhere to its human rights principles. Examples of social sustainability in procurement include: Sourcing from suppliers who provide fair wages and safe working conditions.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ToolsGroup

DECEMBER 11, 2023

How closely should you look at your data to maximize returns? In the age of big data, the challenge is no longer accessing enough data; the challenge is figuring out the right data to use. In a past article , I focused on the value of alternative data, which is a vital business asset.

Purchasing Skills 156

Purchasing Skills Optimal Sourcing Data Modeling 156

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Transportation Sourcing & Management: Selecting cost-effective transportation modes, evaluating factors influencing transportation sourcing, and maintaining compliance with contracts to ensure efficient logistics.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

DynaSys

MARCH 17, 2020

ST was able to run and consider dozens of potential outputs for each critical KPI such as lead time, and many more modular scenarios focusing on specific geos, routes, and key accounts, within hours. Data management is one of the modern planning system’s greatest value adds. So many “what ifs” to consider.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Analytics Software 93

ShipBob

FEBRUARY 25, 2022

OTIF or On-Time In-Full is a KPI used for measuring how many orders were delivered on time and in full. This metric is mainly used as a delivery KPI, although it can also be applied throughout the supply chain. High stockout costs combined with low OTIF scores can also help to pinpoint the source. What is OTIF?

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

Enterra Insights

FEBRUARY 22, 2021

Geoffrey Moore ( @geoffreyamoore ), an American Management Consultant and Author, once stated, “Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” He insists, “The world is one big data problem.” ” What is big data? Data Accuracy.

Big Data 113

Big Data Data Analytics Software Predictive Analytics Software 113

ThroughPut

MARCH 3, 2020

This week: How to leverage real-time data to reduce bottlenecks, and how AI can impact manufacturing. Data is supply managers’ best defense against bottlenecks, and tremendous amounts of it are produced by the systems that make up today’s industrial supply chains. Next week: Best practices for implementing AI. ). By Ali Hasan R.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Waste Reduction Supply Chain Planning 52