Silvon Software

SEPTEMBER 26, 2023

For additional KPI concepts and best practices, we welcome you to download Silvon’s Definitive Guide to KPIs. For additional concepts and best practices related to KPIs, feel free download Silvon’s Definitive Guide to KPIs.

Procurement Analytics 101

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 101

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

JULY 30, 2022

Here I want to address the question, “Why is the focus on the basics of supply chain a barrier to adopting new forms of analytics and supply chain processes? ” (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.).

Supply Chain Design Software 195

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

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. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

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

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. The supplier then acknowledges the purchase order.

Inventory Management Software 52

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

Unleashed

JULY 25, 2023

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. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Elementum

JUNE 30, 2022

Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks.

Procurement Analytics 78

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

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

Supply Chain Shaman

OCTOBER 8, 2019

The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Instead, it should be mapped as an input to track supply chain forecasting to financial budgets for reporting and insights. Time horizon. Bias and error. Let’s take an example.

Supply Chain Design Software 186

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

Supply Chain Shaman

MAY 21, 2013

We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. The most common reporting relationship in the organization is to the hospital’s Chief Financial Officer (CFO). Generalize procurement of materials.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Supply Chain Game Changer

NOVEMBER 28, 2018

But, unlocking collaborative supplier innovation requires clearly defined strategies and operations by a sourcing, procurement and/or purchasing team to ensure that suppliers’ competencies are being leveraged to their fullest potential. But, first let’s put a meaning to the name! What is Collaborative Innovation? .

Innovation 59

Innovation Procurement Analytics Resource Reduction Procurement Solutions 59

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The largest was the purchase of Lawson in 2011 for 2B$. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

ivalua

JUNE 29, 2020

According to 2019 Definitive Healthcare data, U.S. As is, the healthcare supply chain is complex with multiple players involved such as manufacturers, distributors and group purchasing organizations (GPOs) supporting and interacting with multiple departments and care delivery points. Share on Twitter. Big Opportunity Ahead.

Supply Chain Planning Software 219

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

SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. Both of these elements play a pivotal role in determining the amount of cash available.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. Introduce metrics for evaluating whether KPIs are met and standards achieved. In 2020, the global Supply Chain Management market was valued at $15.85 And is expected to double by 2026. When to Work With Vendors. You might have wondered.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. The Basics of Procurement KPIs. To accomplish this, our clients rely on the built-in data hub of our Stratum reporting application.

Optimal Sourcing 121

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 121

Supply Chain Shaman

APRIL 17, 2013

The market shift is towards analytics, but this new market is confusing. The first definition of Demand-driven Supply Chains was pushed into the market by AMR Research (now part of the Gartner Group) in 2004. They are step change requiring either the redeployment of existing technologies or the purchase of new platforms.

Supply Chain Design Software 257

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

ToolsGroup

SEPTEMBER 20, 2022

These engineers develop machine learning algorithms that detect product anomalies, monitor equipment performance, and predict failures. Breaking Down the Definitions. One study found that 51% of consumers prioritize product quality over price when making purchases. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Supply Chain Shaman

SEPTEMBER 17, 2015

As shown in the 2015 Supply Chains to Admire report , over time, top performing supply chains plateau. In the evolution of today’s analytics most companies are evaluating concurrent optimization of transactional data. We are just beginning to understand how to use sentiment data and new forms of analytics.

Prescriptive Analytics Software 150

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

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

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

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Subscribe Here! Email Address.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

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

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. Email Address. Want Success?

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning.

Supply Chain Planning Software 150

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

Supply Chain Game Changer

NOVEMBER 16, 2018

In the situation I was in there were obviously no metrics that were being reviewed and used. There are many metrics that are very helpful including: Cash dollars and days of supply. Inventory dollars and days of supply, and purchase orders outstanding. You do not want to track these metrics only looking in the rear view mirror.

Procurement Analytics 53

Procurement Analytics Inventory Reduction Metrics Forecasting 53

Cathy Roberson

APRIL 6, 2022

However, in defense of logisticians, perhaps the definition has evolved over the years thanks to the complexity of today’s supply chains and the adoption of cloud-based systems, AI, and machine learning. So, I went to where the experts hang out, Twitter (😉), and asked, “What's your definition of supply chain visibility?

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Material Handling & Logistics

SEPTEMBER 13, 2017

The Institute for Supply Management (ISM) recently released the results of a special survey to assess how Hurricane Harvey impacted six key metrics. In other circumstances, parties may lack any contract and rely upon purchase orders or other short forms of documentation.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80

Supply Chain Shaman

SEPTEMBER 3, 2015

Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. More and more companies purchasing inventory technologies, but failing to give planners time to plan. The strategy requires careful definition with finance. It takes training. However, it is worth it.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

ShipBob

DECEMBER 28, 2022

Strategic sourcing is a unique purchasing method that aligns your sourcing strategy with your business goals. Rather than making a purchasing decision off of the initial cost, strategic product sourcing allows you to refine your sourcing process by conducting ongoing market analysis and forming strong relationships with suppliers. .

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Many times, the term is confused with the use of market data as an input in a tactical demand forecasting model. Many times, the term is confused with the use of market data as an input in a tactical demand forecasting model. Models Matter. Merriam-Webster. Be careful.

Supply and Demand 363

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 363

EMERGE App

JANUARY 13, 2021

Days Inventory Outstanding is calculated based on the average value of the inventory and cost of goods sold in a given reporting period. DIO= (Average inventory/cost of sales) x Number of days in period. The Cost of Goods Sold is defined as the cost of producing goods sold during the reporting period.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Material Savings 52