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 318

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 318

QAD

JUNE 25, 2019

Excess and obsolete inventory is a drain on resources, as is excessive safety stock. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Using Metrics to Measure the Health of the Business.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

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 79

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 79

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. The Answer/Next Steps The first step is to map and measure data latency and amplification.

Supply Chain Planning Software 375

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 375

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. Most supply chain planning deployments cannot use channel data because the model is a “Ship from model” not a “Ship to engine.”

Modeling 218

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 218

QAD

JULY 1, 2021

Knowing how to calculate total manufacturing costs is incredibly important supply chain data. An Enterprise Resource Planning system is software that can help you manage all of the core supply chain, manufacturing, services, financial and other processes related to your organization. Centralizing operational and financial information.

Manufacturing Procurement 87

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 87

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. To side-step this issue, build planning processes to use market data. Abandon the processes focused on multiple layers of meetings to improve collaboration of organizations that are not aligned, but focused on transactional data.

Supply Chain Planning Software 411

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 411

ToolsGroup

MAY 7, 2024

Key Components of Decision-Centric Planning Dynamic, Data-Driven Decision Making : Decision-centric planning recognizes that decisions lie at the heart of effective supply chain management. Instead of relying solely on historical data, it emphasizes real-time, predictive insights.

Supply Chain Planning Software 177

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 177

ToolsGroup

MAY 2, 2024

Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation and leveraging predictive analysis. See ToolsGroup’s G2 reviews HERE.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 156

Supply Chain Shaman

JULY 25, 2021

The first reason is that it is a bad use of a resource. The focus on Enterprise Resource Planning (ERP) sucked up company resources. Less than 50% of the required data for supply chain planning comes from ERP. The Focus Inside-out Supported by Functional Metrics. The reason? A sales person should be selling.

Procurement Analytics 370

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

GlobalTranz

AUGUST 21, 2018

How shippers can overcome rising rates by getting access to better data all while increasing customer loyalty and retain customers. Listen to “How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data” on Spreaker. Resources to Download to Help Mitigate Rising Transportation Costs.

Transportation 149

Transportation Data eBook Freight 149

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. Cycle Times.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

ToolsGroup

JANUARY 15, 2024

Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Additional Resources: See ToolsGroup’s G2 reviews HERE.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

With its ability to derive insights from vast amounts of data and derive insights, generative AI has emerged as a valuable tool to optimize supply chain operations. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

synchrono

FEBRUARY 13, 2017

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well.

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

GlobalTranz

AUGUST 14, 2018

Transportation Management Data Insights Lead to Collaboration, Reduced Shipping Costs, & Beating the Capacity Crunch In this “The Freight Project Podcast” episode you’ll hear : The value to a business to have an executive in charge of driving change and innovation. Transportation Management Data Downloadable Resources.

Cost Reduction Strategies 120

Cost Reduction Strategies Transportation Management Resource Reduction Transportation 120

Unleashed

MAY 9, 2024

In the same amount of time, and with the same resources, one factory produces twice as many products. Good manufacturing efficiency refers to the ability of a manufacturing operation to consistently produce high-quality products at optimal levels of productivity while minimising waste and resource consumption.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

synchrono

AUGUST 22, 2016

We garner data that helps us to better understand our prospects, in particular, the challenges and issues they experience in their daily role so we can deliver more personalized and meaningful content. A caveat to all this data is that it is not how much you measure, but what you are measuring.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. To avoid diving blindly into new endeavors and wasting resources by consequence, CPG brands need sales and media data to direct and inform their alterations.”[1]

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

ToolsGroup

MAY 9, 2024

Rather than inundating customers with generic discounts, retailers should leverage data analytics to deliver personalized offers that are relevant and compelling. By measuring the long-term effects of promotions on customer loyalty and brand equity, retailers can make more informed decisions about where to allocate promotional resources.

Resource Reduction 156

Resource Reduction Cost Reduction Strategies Retail Procurement Analytics 156

Elementum

FEBRUARY 7, 2024

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logistics Viewpoints

MAY 24, 2024

The solar panels will reduce the building’s carbon footprint by approximately 4,100 metric tons of carbon dioxide per year. According to the analysis, the world’s current projected supply of lithium will meet only 50% of global demand by 2035, while copper resources will meet just over two-thirds of demand by that time.

Logistics Network Optimization Software 226

Logistics Network Optimization Software Supply Chain Design Software Logistics Las Vegas 226

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

GlobalTranz

OCTOBER 6, 2021

In fact, a recent study , in partnership with Edelman Data & Intelligence, found a broad increased level of confidence from supply chain leaders despite peak season disruptions among those that have successfully implemented data-driven, third-party resources to manage heightened activity levels.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Talking Logistics

OCTOBER 10, 2017

The industry is moving in an unprecedented direction that is increasingly digitized and more data-centric than ever, and logistics leaders are looking to increase efficiency with artificial intelligence (AI). And at the conference it was clear that the data problem is still huge and everyone needs a better way to solve it.

Conference 113

Conference Analytics Software Supply Chain Planning Software Data 113

Pivot88

JANUARY 26, 2021

“We are surrounded by data, but starved for insights” – Jay Baer. Becoming a data-driven organization requires a change in culture. Here are the levels of data maturity that your organization or your ecosystem can achieve: Level 1: Hindsights – Understand What Happens. Level 2: Insights – Understand Why It Happens.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Software Data 52

Logility

AUGUST 18, 2023

In addition, resource limitations can further challenge the effective integration of supply chain planning into the broader corporate strategy. In the worst case, this could result in insufficient resources for supporting new markets, tarnishing the company’s reputation, and losing customer trust.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

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 226

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 226

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

synchrono

OCTOBER 16, 2017

Is enthusiasm for Big Data wavering? They also predicted that 80 to 100% of manufacturers will have implemented IIoT applications by then and already be reaping the benefits of data-driven insights into their operations. In this post, I’ll cover the three ways you can use Big Data to improve operational performance. #1

Big Data 104

Big Data Predictive Analytics Software Data Analytics Software 104

Logility

JUNE 23, 2023

Unfortunately, many companies hesitate to use causal forecasting, thinking it’s too complicated or resource-hungry. Rather than relying solely on historical data, causal forecasting models also incorporate various factors or causal variables that can influence the forecasted quantity. And the result?

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

Pivot88

JANUARY 26, 2021

In the current times, no business can ignore having data at the heart of their operations and this is vital to stay ahead. Becoming a data-driven organization requires a change in culture. “We are surrounded by data, but starved for insights” - Jay Baer. Level 2: Insights – Understand Why It Happens.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Software Data 52

Logility

DECEMBER 14, 2021

Institute supply chain governance fueled by data that only a modern platform can offer. Proper governance ensures that company decisions align with stated company values and can provide the data and transparency that proves, which the world is increasingly demanding. Key Takeaways: Talk isn’t enough.

Supply Chain Planning Software 199

Supply Chain Planning Software Government Supply Chain Software Sourcing Strategies 199

TransAudit

DECEMBER 13, 2023

BBB Industries’ sustainable manufacturing processes using recycled materials reduced GHG emissions by 38% compared to virgin resource production. Consider new partnership models like competitors pooling resources for material reprocessing. Work with data solution providers to meet emerging transparency regulations.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 87

Unleashed

FEBRUARY 20, 2020

For smaller businesses just starting out, they may not have adequate resources to capture this information — and managers may not know what metrics to look out for. In this article, we explore what big data is and its benefits for small businesses, from tracking sales trends to keeping an eye on competitors. What is big data?

Big Data 80

Big Data Data Inventory Management Software Supply Chain Software 80