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. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? ” Supply Chain Leader.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Unleashed

MARCH 31, 2021

You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. A lean business looking to build efficiencies would do well to try and improve this metric. Inventory days of supply. Inventory days of supply. Freight bill accuracy.

Supply Chain Planning Software 69

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

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Performance.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Zipline Logistics

JANUARY 10, 2023

In order to ensure that we are all on the same page let’s begin with some simple definitions. CPU is an alluring logistics option in which your customer picks up your freight for you. However, this model does not allow brands to be in control over production or inventory management. What does the term “supply chain” encompass?

Supply Chain Software 52

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

Supply Chain Shaman

MAY 13, 2015

I knew nothing about the world of logistics, inventory management and order optimization. Figure 1: Definition of the Supply Chain Organization. For clarity, let’s start with a definition. This work is typically periodic to accompany a freight bid or an end-to-end project. The year was 1985. It was a foreign world.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

QAD

JUNE 17, 2021

Even without a global pandemic and its aftershocks, manufacturing supply chains are often brittle and can break easily when disruptions occur, leading to over- or under-utilized resources, premium freight costs, inventory write-offs, lost orders and faulty decision-making. Complete Customer Management.

Supplier Management 97

Supplier Management Supply Chain Planning Software Supply Chain Planning Supply Chain Software 97

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Game Changer

OCTOBER 8, 2019

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. What is disintermediation?

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

Elementum

JUNE 30, 2022

Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. Suppliers will continue to ship orders in an effort to get the inventory off their books. The economy is definitely hitting a period of high volatility. This could be far worse than an economic speed bump.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

Supply Chain Game Changer

FEBRUARY 19, 2020

Shipping Zone Definition. The cost to send a package is the metric most directly affected. A batch of orders are shipped by FTL or LTL freight to a delivery hub closer to the end consumers. Because freight shipping has lower rates, you reduce your overall fulfillment costs. This chart shows you zones only, not pricing.

Negotiating Skills 96

Negotiating Skills Price Reduction Cost Reduction Strategies Shipping 96

ShipBob

AUGUST 25, 2021

For instance, choosing between a domestic or overseas supplier will impact how quickly you ca receive new inventory, and where you story inventory based on customer location and demand can impact shipping costs and timelines. Once inventory is received, you can track real-time inventory flow from the ShipBob dashboard.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads. It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

The Logistics of Logistics

JANUARY 24, 2013

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). A KPI is an indicator (a metric) that you have chosen, and agreed with your partners and or customers, that will determine whether you are meeting your critical success factors. Definitions provided by certification.info.

Logistics Network Optimization Software 175

Logistics Network Optimization Software KPI Logistics Metrics 175

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. OTIF metrics are not universal. OTIF Meaning and Background. OTIF means on-time and in-full.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Supply Chain Game Changer

NOVEMBER 14, 2018

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. From an environmental standpoint this usually creates the need for intercontinental and transoceanic transportation, which by definition is a driver of carbon emissions.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

Supply Chain Game Changer

NOVEMBER 9, 2018

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Inventory Management they also did a lot of benchmarking and highlighted deficiencies in our processes. Poor leadership.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 43

IQMS

OCTOBER 18, 2019

Machine learning algorithms are finding these new patterns in supply chain data daily, without needing manual intervention or the definition of taxonomy to guide the analysis. The algorithms iteratively query data with many using constraint-based modeling to find the core set of factors with the greatest predictive accuracy. no opt-in).

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

GlobalTranz

JUNE 8, 2021

There are tiers for rates, mode, and freight class, but there’s another layer of logistics. By definition, it refers to the handling of care used when moving products in which the movers or shippers literally wear white gloves to protect the product. Use metrics to track performance. In logistics, not all shipments are equal.

Transportation Management 197

Transportation Management Logistics Network Optimization Software Transportation Reverse Logistics 197

Unleashed

APRIL 15, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

Supply Chain Game Changer

NOVEMBER 19, 2018

While FBA sellers weren’t held directly liable for this failure, thousands of FBA sellers were severely impacted when Amazon enforced last minute changes to their inventory storage policy just before the holidays. Amazon FBA Inventory Woes. Amazon FBA sometimes falls short in this crucial metric.

Florida 43

Florida Sourcing Strategies Inventory Reduction Material Savings 43

The Logistics of Logistics

FEBRUARY 22, 2013

The old adage, “you can’t manage something you can’t” measure” definitely applies in logistics. Key Process Indicators vs. Metrics. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). This means that while all KPIs are metrics, not all metrics are KPIs.

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

GlobalTranz

JULY 7, 2021

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. It includes brokerages and freight forwarders, but there comes a point at which simply outsourcing to a single 3PL or even several 3PLs grows too complex to handle.

3PL 210

3PL Third Party Logistics Logistics Network Optimization Software How To 210

Supply Chain Game Changer

NOVEMBER 12, 2018

10 Different Definitions! The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. Check out What Exactly Is Supply Chain Management? How many parts of your company act as independent silos?

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 43

Supply Chain Opz

JUNE 1, 2014

In order to compensate a long waiting time, Adidas uses air freight or courier service. The answer is that they use the multi-echelon inventory model to solve the problem. Definitely, they use a computerized systems and electronic data interchange to connect the stores and the central processing system. -

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Unleashed

APRIL 3, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction Strategies 52

Supply Chain Shaman

OCTOBER 7, 2012

When I think of the definition of the word agility, I think of Gumby, pictured here. One of the largest issues for organizations to drive supply chain agility is the lack of a commonly held and well-understood definition. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP?

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 226

ShipBob

SEPTEMBER 3, 2021

For instance, by implementing real-time inventory management system, changes in inventory levels are automatically updated. The best way to forecast demand is by cutting out the guesswork by implementing technology that collects, records, and tracks real-time inventory data to analyze inventory performance over time.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Inventory Management Software 97

Enterra Insights

MAY 10, 2022

Bellini explains, “Plans are created so that they can be executed with real world variation, by structuring them with high levels of planned inventories, premium freight, expediting, and lead times, as well as staffing their execution with armies of planners, schedulers, and dispatchers. ” Improving Supply Chain Planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 130

The Logistics & Supply Chain Management Society

JULY 23, 2020

To create flexible and balanced supply chain organisation, it is necessary to integrate strategy, processes, metrics, and technology enterprise wide and across customers, suppliers, and service providers. Rethink the definition of “critical risk” with a focus on business purpose and social responsibility.

Agile and Lean Supply Chain 258

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 258

Logility

JUNE 28, 2017

Multi-mode freight optimization is another value-added tool that should be investigated by process chemical manufacturers. Inventory tends to be a very visible supply chain cost to senior management. How much inventory a company has is listed right there as a current asset on the balance sheet.

Chemicals 100

Chemicals Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 100

Logility

AUGUST 17, 2016

Aligning and integrating key performance metrics across the extended supply chain can be difficult. Inventory tends to be a very visible supply chain cost to senior management. How much inventory a company has is listed right there as a current asset on the balance sheet. Higher-level value-added priorities.

Material Savings 100

Material Savings Inventory Reduction Expense Reduction Resource Reduction 100

QAD

FEBRUARY 15, 2023

One thing is for sure — and more spreadsheets are definitely not the answer! A great plan must be executed against, and include financial metrics. It is possible some orders could be reducing margins, especially if additional overtime or premium freight is required to fulfill correctly.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52

TMC

JULY 10, 2018

We recently participated in two conferences that both focused on this topic: Transparency 18 , a freight visibility summit hosted by FreightWaves, and the Gartner Supply Chain Executive Conference —Move to Mastery: Innovate, Disrupt, and Scale the Digital Supply Chain. So why does this matter? Digital Transformation.

Supply Chain Transformation 62

Supply Chain Transformation Gartner Supply Chain Software Supply Chain Strategy 62

Supply Chain Game Changer

NOVEMBER 25, 2018

Inventory Turns 3. (10%). By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. Return on Assets (ROA) and Inventory turns are also a part of the scoring process. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60