Silvon Software

SEPTEMBER 26, 2023

While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures. In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

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.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Logility

OCTOBER 29, 2021

With the right technology, process manufacturing strategy, planning, and management can be simplified. Manufacturers have been through a trial by fire with supply chain disruptions and changes in demand during the past two years. 4 Digital Solutions That Address the Top Challenges for Process Manufacturers.

Manufacturing Procurement 130

Manufacturing Procurement Forecasting Supply Chain Planning Software Forecasting Software 130

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Logistics Viewpoints

DECEMBER 15, 2022

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. Meanwhile, failure to notify consumers about out-of-stock items during purchase could result in the permanent loss of a customer. Cloud-Based Inventory Management Systems Give Customers Access to Your Company’s Whole Stock.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

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Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. With a simple calculation, you can understand what it costs to store and maintain goods. What is inventory carrying cost?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

SCMDOJO

SEPTEMBER 18, 2023

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Negotiating Skills 97

Negotiating Skills Manufacturing Procurement Optimal Sourcing Pricing Training 97

ThroughPut

APRIL 5, 2024

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

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Inventory Management Software Inventory Management Inventory Reduction Inventory 98

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Review Inventory turns and Return on Assets. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SYSPRO Smarter ERP

NOVEMBER 1, 2021

The manufacturing industry confronted many uncertainties in the last year due to the pandemic. The pandemic has led to many shifts in manufacturing including new challenges to overcome. Here is a list of challenges and solutions for manufacturers to remain resilient and maintain growth momentum. Transitioning to B2B e-Commerce.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

MAY 19, 2022

Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships. Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Logistics Viewpoints

JUNE 1, 2023

Recessionary environments cause disruptions in the manufacturing industry around the globe, leading to long lead times, shortages, rising prices, and complications in transportation lines. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

SYSPRO Smarter ERP

MAY 22, 2023

A sustainable chain involves implementing sustainable practices at each stage of the supply chain, from raw material sourcing and production to transportation, distribution, and end-of-life disposal. A recent report by the IDC noted some benefits of these programs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Sustainability 98

Unleashed

MAY 15, 2023

Wholesalers and manufacturers need effective B2B strategies to sustain business growth and beat the competition. From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. What is a B2B CRM?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

ToolsGroup

NOVEMBER 23, 2021

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain.

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Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Clear Spider

OCTOBER 10, 2023

Shorter trend cycles, rising costs of goods, and high demand for seasonal products like candy, costumes, and decorations are all haunting manufacturers and retailers globally. In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. On the other, this agility puts pressure on suppliers.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting Software 52

Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. If you want to drive sustainable growth for your business, you have to achieve the right balance of cost reduction and fulfillment flexibility. Why Vendor Managed Inventory? The Problem with Sales Data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Unleashed

OCTOBER 27, 2021

Here we give you our top 10 wholesale distribution trends for 2022 and beyond. That said, as we’ll see in the other trends in this report, COVID-19 has also been a transformational turning point. D2C logistics and eCommerce can still be burdensome for manufacturers who are not well-established in these areas.

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019. Procurement and transportation operated as islands.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

OptiProERP

JANUARY 17, 2023

Manufacturers need specific functionality to run their businesses effectively. Let’s examine what ERP functionality is critical for discrete manufacturers. Inventory Management. Having the right inventory on hand to build your products is crucial. It should track the status and location of every inventory item.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Manufacturing Negotiating Skills 52

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. It gives you the accurate data you need to make the best decisions for your brand, and positions you to meet customer expectations while reducing the cost of doing business. What is inventory tracking?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Logistics Viewpoints

OCTOBER 19, 2023

The issue wasn’t poor planning – they had the inventory. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck. It’s not enough to make a model table for a website or a showroom. Supply chain orchestration failure – a table fable What happened?

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. In some settings, IoT devices can detect defects and notify staff of quality control issues.

Supply Chain Software 52

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

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52