SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Proxima

JANUARY 5, 2021

Today’s supply chain and procurement leaders are facing a monumental task: how to create a resilient, ambitious, and innovative organizations while transitioning to a new year, and balancing the lasting impact that this pandemic has brought upon them. Innovating and creating change comes down to experimentation.

Expense Reduction 52

Expense Reduction Price Reduction Modeling Optimal Sourcing 52

Supply Chain Shaman

OCTOBER 8, 2019

As shown in Figure 1, at a recent client engagement, there is a strong and clear process definition of the budget process and the lack of clarity and discipline in the demand flows for the supply chain. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. For clarity, the definitions are: -Strategic Planning: The frequency is either monthly or quarterly and the focus is on long-term planning. Metrics Alignment. They lack cohesion. Many are not.

Supply Chain Planning Software 281

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 281

LevaData

NOVEMBER 9, 2021

So, when it comes to supply chain management, specifically with sourcing and procurement, have we seen the survival of the fittest playing out here? Looking at that traditional “fittest” metric, we would all agree that maximizing liquidity shows good business judgment in times like this. In short, yes. What's Most Important?

Agile and Lean Supply Chain 71

Agile and Lean Supply Chain Supply Chain Software Supply Chain Innovation 71

ivalua

JUNE 29, 2020

According to 2019 Definitive Healthcare data, U.S. Buying supplies, equipment, low preference items and the latest innovations to support high-value care delivery is expensive and while it’s not an area where you want to skimp, there are certainly ways to reduce these expenses without impacting quality of care. Share on Twitter.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Supply Chain Shaman

MAY 21, 2013

Most care providers are working to get physician and clinical alignment to focus on the right balance of standardization, product utilization, and innovation. Accept the definitions of processes and relationships of the industry. Limit your focus to the current definitions within the hospital or supplier organizations.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Oracle SCM

AUGUST 1, 2018

Nevertheless, I like the definition. I would categorize our mission and value to be directly in line with the Gartner definition for E2ESCV so, today we would have been a visibility and collaboration solution vendor. As with any project, definition of the objective (usually based on ROI) is the starting point.

Supply Chain Planning Software 104

Supply Chain Planning Software Inventory Management Software Gartner Demand Planning Software 104

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background. Investment in control towers.

Supply Chain Design Software 195

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

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. Innovation. What is SQM? . Product Quality. Compliance and Governance.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

HICX Solutions

SEPTEMBER 2, 2021

SXM Webinar Series with Art of Procurement. The third and final part of the Art of Procurement and HICX live series, hosted by Kelly Barner , focuses on supplier centricity and the benefits of Supplier Experience Management (SXM). The importance of supplier centricity in procurement. We have a strong culture.

Optimal Sourcing 52

Optimal Sourcing Procurement Just-in-Time Material Savings 52

NC State SCRC

SEPTEMBER 22, 2019

Most companies traditionally focus on their data needs during the early stages of a procurement project involving third party suppliers, who are charged with collecting data, incorporating it into a system or product, and ensuring that the system is capable of ingesting new data that is processed into analytics. Definitions of each data type.

Quality 40

Quality Data Supply Chain Software Analytics Software 40

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

Elementum

JUNE 30, 2022

Over the last 2 years, Supply Chain teams have been struggling to procure and manufacture enough inventory. The economy is definitely hitting a period of high volatility. Because traditional final-mile delivery requires trucks, fuel, and drivers, drone technology is an attractive area of innovation for leading retailers.

Procurement Analytics 78

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

Supply Chain Shaman

APRIL 17, 2013

The first definition of Demand-driven Supply Chains was pushed into the market by AMR Research (now part of the Gartner Group) in 2004. Demand-driven concepts are expansive they extend from the customer’s customer to the supplier’s supplier, but the areas of sales and procurement are often very resistant to the demand-driven concepts.

Supply Chain Design Software 257

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 257

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. A metric that does what it says on the tin – measures the accuracy of freight bills. E.g. 35 DOI + 31 DOR = 66.

Supply Chain Planning Software 69

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

Supply Chain Matters

FEBRUARY 17, 2023

According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. This was noted as the highest level since 2019, a pre-pandemic measure. based Southwest Airlines’ flight operations failed.

Supply Chain Transformation 52

Supply Chain Transformation Supply Chain Planning Software Cost Reduction Strategies Expense Reduction 52

Supply Chain Shaman

MARCH 8, 2016

It is a story of supply chain innovation. Used as a one-to-many data model for sourcing and procurement by companies like IBM, Cisco Systems, Dell, Motorola, Seagate, and Vodafone , there is much promise; but in the last five years the Company, plagued by execution issues, encountered problems. History of Terra Technology.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Infosys Supply Chain Management

AUGUST 10, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Oil operators and Oil services firms - time to dissolve internal walls | Main | Enabling individual item picking in tomorrows warehouses » Rapid Innovation will Differentiate the Future of Retail Industry.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Innovation 28

EMERGE App

JANUARY 13, 2021

Going by the rule of thumb, the automatic interpretation of this metric is that Company A is doing much better than Company B. While this would definitely improve the inventory outstanding, it does not benefit the overall profitability of the business. Suppose Company A has a DIO of 50 days while Company B has a DIO of 250 days.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Material Savings 52

MIT Supply Chain

NOVEMBER 5, 2020

Another manufacturer has deployed eight bots in areas such as procurement planning. The sample size is small, so we can’t draw definitive conclusions from the survey, but the results indicate what companies have experienced when implementing RPA projects. Others at the roundtable were not as advanced in their RPA journeys.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 52

Supply Chain Shaman

SEPTEMBER 17, 2015

Making the digital pivot will embrace all of these disruptions together to drive innovation and new business models. Today, supply chain software leaders struggle with the Innovators dilemma. In supply chain, the Innovator’s Dilemma is alive and well. This is the definition of digital manufacturing. What happens?

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 150

Silvon Software

APRIL 11, 2024

Fostering Innovation and Competitive Advantage Finally, a strategic implementation of data analytics can be a key driver of innovation, enabling businesses to identify and capitalize on unique opportunities. Initially, this involves a careful process of identifying which metrics are most indicative of the organization’s success.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Don’t fall prey to discussions that are not grounded in the basic definitions. Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). In this process, sadly, there is little definition of the model. Merriam-Webster.

Supply and Demand 377

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 377

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. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. no opt-in).

Supply Chain Planning Software 73

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

Elementum

FEBRUARY 7, 2024

Digital Process Optimization: Streamlining Business for Efficiency In the race to streamline operations and elevate efficiency, Digital Process Optimization (DPO) emerges as a critical strategy for businesses looking to innovate and scale.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

Supply Chain Shaman

FEBRUARY 25, 2016

Analytical innovation and digital transformation drove step-change capabilities within the office and marketing. The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. As a result, many companies are struggling. Leadership teams are uncomfortable.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Infosys Supply Chain Management

SEPTEMBER 30, 2015

So, these organizations can spend their resources and energies in innovating and manufacturing products and leave the supporting areas to the experts in those areas like how IT implementations are not carried out in house as it is not their core competency. Success of any process couldn't be demonstrated unless it is measured.

Optimal Sourcing 20

Optimal Sourcing Modeling Software Manufacturing Procurement Resource Reduction 20

The Network Effect

OCTOBER 3, 2014

Executing these strategies requires manufacturers to fully leverage the potential of today’s innovative network-based supply chain systems and processes. Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals.

Supply Chain Network Software 197

Supply Chain Network Software Automotive Modeling Software Supply and Demand 197

HICX Solutions

DECEMBER 1, 2022

Rounding out the top five are more joint collaboration or innovation (14%) and reasonable expectations, at 8% of respondents. For example, one metric would be to count the clicks – how many clicks does a supplier need to make to do business with you?”.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies How To 52

GlobalTranz

JUNE 2, 2016

The definition of "embedded" by itself is as follows, according to Dictionary.com : verb (used with object) , embedded, embedding: 1. Contract terms need to change since the 3PL is committing uncompensated resources to managing the relationship and investing in innovation. This model, I like to call an "embedded 3PL relationship.".

3PL 120

3PL Manufacturing Procurement Optimal Sourcing Resource Reduction 120

HICX Solutions

SEPTEMBER 20, 2022

Procurement Insights’ Jon Hansen led a panel of Procurement’s top thought-leaders to discuss the buyer-supplier relationship dynamic. He explained that in the 1970s suppliers were ‘in charge’, as Procurement processes weren’t well developed. The buyer-supplier relationship dynamic. New reality of global Supply Chains.

Negotiating Skills 52

Negotiating Skills Buyer Training Modeling Software Optimal Sourcing 52

HICX Solutions

APRIL 5, 2022

In a webinar on Putting Supplier Experience Management at the Forefront of Strategic Procurement , Procurement practitioners discussed how the COVID-19 pandemic made companies realize they have to start viewing different situations from the suppliers’ perspective and adopt a Supplier Experience Management (SXM) approach.

Just-in-Time 52

Just-in-Time Procurement Supply Chain Software Demand Planning Software 52

Unleashed

APRIL 27, 2022

Also known as supply chain stewardship, the circular supply chain puts the onus back on those who manage supply chains to make procurement and manufacturing decisions that positively influence sustainable outcomes. As Sam Gilks, Senior Supply Chain Manager at Young Foodies, puts it: “Sustainability is definitely not a trend – it’s the thing.

Material Savings 96

Material Savings Waste Reduction Cost Reduction Strategies Resource Reduction 96

ToolsGroup

MARCH 9, 2021

And I—definitely we do that as well. And the reason that we pointed out that difference is that as we monitor the supply chain technology landscape, there’s a tendency right now for supply chain risk mitigation to be purely focused on the procurement side and on the procurement technology side. We got to make it work.

Predictive Analytics Software 156

Predictive Analytics Software Supply Chain Planning Software Predictive Analytics Supply Chain Design Software 156

RFgen

APRIL 20, 2023

Overview of Mobile Inventory Solutions for Oracle Cloud SCM While Oracle Cloud SCM is an innovative, next-gen ERP platform, getting maximum value from it requires mobile inventory management. The Definitive Guide to Mobile Inventory Management Systems READ NOW » What Problems Does Mobile Inventory Solve?

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

BlueYonder

JANUARY 21, 2021

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. In addition, 46% of the companies deemed “most innovative” in the study reported having 80-100% electronic connectivity with their trading partners. [4]

Agile and Lean Supply Chain 87

Agile and Lean Supply Chain Supply Chain Execution Optimal Sourcing Supply Chain Software 87