Unleashed

MAY 1, 2023

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Shaman

JANUARY 9, 2024

Many believe that an ex-supply chain exec knows the definition of supply chain excellence. An average margin of 21% with inventory turns of 1.58 The industry assumes that since the person led a supply chain that they are clear on the definition of supply chain excellence. Most companies are not clear. The issue is ubiquitous.

Supply Chain Planning Software 292

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 292

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. Gartner delved into this issue in a recent report, Build the Capability for Inventory Health Assessment.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

Supply Chain Shaman

NOVEMBER 21, 2023

Pawn Definition: “A chess piece of the smallest size and value. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation.

Supply Chain Planning Software 329

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 329

Supply Chain Shaman

JANUARY 7, 2015

1) Get Clear on the Definition of Supply Chain Excellence. While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. Lou’s definition is based on his experience at General Electric. Achieving Balance in Metrics. I have three.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Inventory Turns and Sales-to-Inventory Ratio. Past Due Orders.

Manufacturing Procurement 89

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 89

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Our goal is to continually redefine the definition of supply chain excellence.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased.

Procurement Analytics 370

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

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics.

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 312

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. It’s a valuable metric for identifying bottlenecks, improving efficiency, and optimising specific operational steps.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. Starting With Definitions. Definition of Outside-In Processes. ” I smiled.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

Supply Chain Shaman

JULY 22, 2019

Companies with traditional definitions of marketing and sales struggle to beat the competition. A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. They lack of a standard definition for supply chain excellence adds to the confusion.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 252

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 14, 2022

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 246

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 246

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

AUGUST 11, 2016

Definition: “Customer - centric is an approach to doing business that focuses on providing a positive customer experience both at the point of sale and after the sale in order to drive profit and gain competitive advantage.” About twice a month, companies ask me to review their strategy documents. I am on a mission.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Supply Chain Shaman

MARCH 9, 2020

The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. By definition, in the current state, supply chain planners work in a lose/lose environment. Here I share three strategies to consider to eradicate some of the barriers. The result will be more work for planners.

Supply Chain Design Software 301

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 301

Supply Chain Shaman

OCTOBER 8, 2019

I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy.

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

DELMIA Quintiq

MAY 17, 2022

Unfortunately, the definitions of S&OP and IBP are often confusing as they seem to be both distinct and overlapping processes. Are they truly separate processes and how should organizations factor them into their supply chain strategy? Like all processes that are broad in scope, finding a unified definition can be challenging.

S&OP 156

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 156

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

DECEMBER 29, 2016

As a result, each time someone uses the word, you should ask for a definition. The lack of a common definition of the use of ‘research’ by industry analysts, bloggers, and consortia muddies the market. I also find that the definition of research by each analyst firm and consortia is different. Just the opposite.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. The front office and back office strategies are not aligned.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 156

Supply Chain Shaman

DECEMBER 23, 2014

In 2014, ecommerce strategies grew in importance. At that time, manufacturers talked about customer-centric supply chains, but were afraid to aggressively adopt ecommerce strategies. Manufacturers, today, are aggressively pursuing e-commerce strategies. Get Good at Having a Real-time Perpetual Inventory Signal.

Packaging 289

Packaging Inventory Reduction Supply Chain Design Software San Francisco 289

synchrono

AUGUST 22, 2016

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. This got me thinking.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Supply Chain Shaman

JUNE 15, 2018

But how do companies best translate strategy to action? Most companies, along with consultants, feel that they know the definition of supply chain excellence. My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Supply Chain Shaman

JUNE 7, 2018

Definitions: Provocateur. For the past month, I have been working alongside companies implementing digital strategies. It starts with the lack of a clear definition. Or agreement on the definition of supply chain excellence. Sometimes, even the definition of a supply chain is not clear. ” Incrementalism.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 227

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. But simply putting an S&OP strategy in place isn’t enough. logistics firms).

S&OP 111

S&OP Procurement Analytics Supply and Demand Analytics Software 111

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Shaman

APRIL 25, 2013

The relationship between corporate financial performance and supply chain metrics was complex; and in my first attempts, I was unable to derive a correlation. I wanted to better understand which metrics truly mattered. Definitions. The Metrics That Matter Are Different by Industry Sector. I wanted to know more.

Supply Chain Design Software 258

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 258

Kinaxis

JUNE 24, 2016

First of all, S&OP is indeed a process by most academic definitions ( Merriam-Webster Link ), as it follows a series of steps and activities with a particular cycle or cadence. Metrics and Dashboard Reviews. It also supported operational hedging strategies via the supply chain and was used to drive the best financial outcomes.

S&OP 120

S&OP Supply and Demand Inventory Reduction Cost Reduction Strategies 120

Supply Chain Shaman

JANUARY 19, 2014

The definition of a trap is something designed to catch a person or animal, either figuratively or literally. Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278