Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Traditionally what we typically refer to as indirect goods are mostly in Category 4. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

Supply Chain Shaman

JULY 25, 2021

To make the point, let me share an orbit chart for four industries (reference Figure 1). Less than 50% of the required data for supply chain planning comes from ERP. The Focus Inside-out Supported by Functional Metrics. Instead, the path requires a redefinition of process, metrics, and capabilities. Maturity Model.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. Real-time location and IoT data such as condition statuses (e.g., As an in-memory solution, Nexus allows for Big Data to be accessed very quickly.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

Logistics Viewpoints

MARCH 27, 2023

When companies talk about improving their forecasting, they are most often referring to demand forecasting. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Other external data, like industry data or economic data, is used for other types of forecasts.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

SYSPRO Smarter ERP

APRIL 24, 2023

Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer. Sourcing and receiving — most companies use suppliers to provide parts or materials or a product. With accurate inventory data, businesses can avoid stockouts, and reduce the costs of overstocking. What is order fulfilment?

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

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

QAD

OCTOBER 18, 2022

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? Supplier risk information is a fundamental element of supplier data that needs to be continuously monitored for out-of-tolerance activities to ensure companies can act immediately to mitigate any business risk. Stay tuned!

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. When manually entering data into a spreadsheet, the probability of human error was 18-40%. One solution is to turn to big shipping data. That’s why it’s critical to have an audit partner who can ingest data across all systems.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Logistics Viewpoints

JUNE 26, 2023

The final goal was to develop end-to-end visibility based on leveraging data analytics. 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. Aera refers to these algorithms as Aera Skills.

Supply Chain Planning Software 207

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

Elementum

FEBRUARY 7, 2024

These tasks range from simple data entry activities to more intricate operations like managing the supply chain. Robotic Process Automation (RPA): Simplifying Tasks within BPA RPA, while limited to rule-based tasks, becomes a powerful tool when integrated with ML, handling data entry, and simple queries efficiently.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

Supply Chain Shaman

FEBRUARY 14, 2022

I also share data to try to convince you to join a guiding coalition to think bigger. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Sales data has the greatest bias and error due to bonus incentives. Without clear governance, customer data never sees the light of day.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Zipline Logistics

FEBRUARY 9, 2021

Logistics data has taken a front seat at forward-thinking CPG brands due to its ability to drive impactful and profitability-focused decisions in all facets of the supply chain. The CPG supply chain generates volumes of data that—when leveraged correctly—can be a differentiator for brands. What is Logistics Data? Learn More.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Pierre-Francois Thaler, co-founder and co-CEO, explains the company’s business model and why it’s important to get rated.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

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

Arena Solutions

APRIL 4, 2023

IIoT is the connection of distinct devices within an existing internet infrastructure making it possible for manufacturers to make knowledgeable, strategic decisions using real-time data to improve cost reduction, efficiency, safety, product innovation, and more. Big data The use of big data is increasing in manufacturing.

Manufacturing Procurement 73

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 73

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Inventory accuracy.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

OCTOBER 16, 2023

Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production. Let’s break down the two main types of raw material inventory with some examples: Direct materials : Direct raw material inventory refers to materials directly used in producing or manufacturing a product.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Source: [link]. However, the bigger share of food that goes to waste happens in supply chains, which differs from food waste and is referred to as “food loss.” Pete Pearson Director of Food Waste, WWF.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

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

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain View from the Field

JUNE 10, 2014

Often overlooked in this discussion is the importance of establishing a foundation for analytics through the process of data readiness and data cleansing. The Data Readiness Level (DRL) is a quantitative measure of the value of a piece of data at a given point in a processing flow. Ensuring You Have Good Data.

Analytics Software 89

Analytics Software Procurement Analytics Supply Chain Software Analytics 89

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 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. can be measured to define this metric. This metric will require investigation of specific processes and functions in order to uncover underlying issues.

Manufacturing Procurement 105

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

Unleashed

JANUARY 29, 2024

Here are three examples of SKU rationalisation in practice: A clothing retailer decides to reduce the number of colours, sizes, and styles of its products based on sales data and customer feedback. Then collect and evaluate historical data around sales history, demand patterns, inventory levels, and the costs of each SKU.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

APRIL 21, 2024

Order processing refers to both the physical and digital aspects of ensuring a customer’s order is fulfilled on time and accurately. Inventory sourcing: The locations of ordered items are identified in the warehouse or distribution centre – or reordered from the supplier if no stock is available.

Inventory Management Software 52

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

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. As I stare at my keyboard, I wonder what would have happened if the dialogue on supply chain improvement, over the last decade, was more data-driven with less vendor hype.

Supply Chain Planning Software 154

Supply Chain Planning Software Modeling Software Modeling Analytics Software 154

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. As I stare at my keyboard, I wonder what would have happened if the dialogue on supply chain improvement, over the last decade, was more data-driven with less vendor hype.

Supply Chain Planning Software 167

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 167

Supply Chain Shaman

MARCH 20, 2016

Using unstructured and stream data is a brave new world. The possibilities of data variety and velocity to improve supply chain management excite me. The average company has over 150 technologies; yet, they cannot get to data. However, very few companies feel that they use data well. New solutions offer great promise.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Analytics Software Analytics Supply Chain Planning Software 150

QAD

FEBRUARY 7, 2023

Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Supply Chain Opz

JANUARY 29, 2020

In short, Nielsen provides the point of sales data from various retail outlets and gross sales quantity will be summarized. Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. References - Moed, H. About 1,000 search results are displayed. -

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 100

Unleashed

JUNE 15, 2023

Cost of goods sold (COGS) refers to the cost of producing or purchasing a product that is sold by a business. It’s an important inventory accounting metric for any company selling physical goods as it directly impacts profit margins and product pricing. This refers to the inventory in the warehouse at the time the period starts.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

NC State SCRC

NOVEMBER 2, 2023

” M&M Mars : A Different Culture If you come in contact with one of the thousands of associates at M&M Mars, the first thing every one of them will refer to are the essential principles of Mars: Quality, Responsibility, Mutuality, Efficiency and Freedom. Every associate will know them by heart and live by these principles.

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Opz

NOVEMBER 12, 2016

In short, Nielsen provides the point of sales data from various retail outlets and gross sales quantity will be summarized. Therefore, the challenge to establish ranking method is to find more economical data source and unbiased metric. Anyway, the access to this database costs an arm and a leg.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Strategy 271

GlobalTranz

NOVEMBER 19, 2018

Let’s Get into the Specifics Think about this: 79 percent of companies with high-performing supply chains (these are often referred to as Supply Chain Leaders (SCLs)), have revenue growth that is significantly above their industry average, according to this report by Deloitte. The same could be said about natural disasters.

Supply Chain Risk Management 189

Supply Chain Risk Management Risk Management Supply Chain Design Supply Chain Planning 189

Elementum

SEPTEMBER 6, 2022

Accepted inefficient practices and conditions often include: Manual data entry errors Raw material wastage High instances of substandard products Bottlenecks in logistics and production Recurring variances or exceptions Inventory overstocks Businesses must be proactive in resolving these difficulties.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78