Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. In 2004, my research showed a bell curve of innovators and laggards. Measurement. Innovation.

Supply Chain Planning Software 410

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 410

Logistics Viewpoints

AUGUST 7, 2023

The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. The medical segment’s supply chain consists of 61 North American distribution centers and 27 global manufacturing plants. This was a bold and risky move. Count them!

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 178

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Note in Figure 1 the gaps from recent research between supply chain planning and manufacturing, logistics, and sales. Inventories increased by 44% due to supply chain volatility. See the pattern?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logistics Viewpoints

FEBRUARY 16, 2021

These delayed bolts disrupt multiple links, from production to sales to distribution, and more. And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated.

Supply Chain Visibility 287

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 287

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

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

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

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Matters

FEBRUARY 7, 2024

We believe that these inventory management, customer and last-mile fulfillment strategies will have industry wide implications in terms of competitive stakes and cost-to-serve. Across the United States , Amazon elected to change its former predominant west to east coast hub based inventory and fulfilment distribution network.

Supply Chain Network Software 52

Supply Chain Network Software Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Logistics Viewpoints

JULY 22, 2021

In the research conducted by Supply Chain Insights , only 35% of the respondents rated their S&OP process as effective or extremely effective in 2019 compared to 65% for the same in 2016. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. S&OP can serve as a vehicle towards that.

S&OP 247

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 247

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 ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logistics Viewpoints

JUNE 1, 2023

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items. billion a year.

Supply Chain Planning Software 196

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 196

SCMDOJO

JUNE 6, 2023

This Distribution Operations Assessment tool can be used by Original Equipment Manufacturers (OEMs), Principal Corporates, and distributors themselves to gain insight into materials management and logistics knowledge, identify gaps in skills and knowledge, and foster critical thinking and self-awareness. . #

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 93

Logility

MARCH 12, 2021

To really exploit your new data to gain an advantage, you need a clear analytical plan, specific metrics tailored to your situation, and an understanding of what analytics and reporting will help you the best. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.)

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

ToolsGroup

APRIL 25, 2019

Gartner research shows that “three of the top five reasons why organizations haven’t adopted AI are related to an inability to articulate a roadmap.” Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Increased inventory turns by 25%.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

The Logistics & Supply Chain Management Society

MAY 28, 2022

With uncertainty a guarantee in the year ahead, leaders are realising the need to adopt applications that will improve visibility into demand and inventory, as well as tools that can help them model and simulate “what if?” Risk planning and technology utilisation. The effort will absolutely pay off. Building capability and consistency.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

FEBRUARY 22, 2015

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. I get called frequently to talk to supply chain leadership teams about inventory.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Supply Chain Shaman

NOVEMBER 9, 2014

So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. In our work, we tie research from quantitative and qualitative studies to financial results to drive new insights. I also believed that this company would have the best inventory and customer service. I was wrong.

Manufacturing Procurement 289

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 289

QAD

JUNE 6, 2023

The particular deli product, which was a low seller for the company, was prone to many production issues, including: High production costs Low demand but excessive inventory required Slowed down production time As a result of these ongoing issues, the company decided to halt production of the deli meat product.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 92

Logistics Viewpoints

MAY 19, 2022

Imagine you are a high-tech manufacturer with more inventory in stock than your forecasted production volume, which puts you in good company, since US manufacturers’ inventories continue to rise. If you’re a business leader, why do you care about better math? What additional components would allow you achieve your business objectives?

Optimal Sourcing 232

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 232

Supply Chain Shaman

JULY 21, 2015

As a research analyst, I am studying things that are incredibly difficult to measure. In my research, I answer questions like: Which technology systems drive the greatest satisfaction? My goal is to share insights from the research. The topics may sound easy, but they are not. What drives the highest level of satisfaction?

Supply Chain Planning Software 150

Supply Chain Planning Software Demand Planning Software Supply Chain Software Analytics Software 150

EazyStock

OCTOBER 10, 2018

Companies are using big data to change the way they monitor product performance, research, develop and innovate. Big data exists in real-time and involves prompt access to data, alerts and inventory management and control metrics through cloud computing systems. 4 Ways Big Data is Changing Inventory Management.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

GlobalTranz

JUNE 1, 2018

Migrating data to new systems without researching prospective systems or taking care in planning could result in catastrophic loss and damage to a company’s database. Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Bolstering competitive advantage.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184

Supply Chain Shaman

SEPTEMBER 17, 2014

Supply Chain Improvement is based on the work that we completed with an Arizona State University Operations Research team to determine the Supply Chain Index. Attending the conference was Alexia Howard, Senior Research Analyst – US Foods for Sanford C. Aligned Metrics. We find that this is true of too few companies.

Optimal Sourcing 313

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 313

ShipBob

JULY 2, 2021

By using a combination of technologies like AI, machine learning, and predictive analytics, online brands can manage complex supply chains by automating warehouse operations, improving delivery times, easily managing inventory, optimizing third-party communication, and creating new customer experiences that increase satisfaction and boost sales.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

Supply Chain Shaman

DECEMBER 23, 2014

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. Today, only 58% of retailers have a good PI signal in their stores, and only 60% have a good PI signal in their distribution centers. No matter where inventory is, put it to work.

Packaging 294

Packaging Inventory Reduction Supply Chain Design Software San Francisco 294

Supply Chain Shaman

OCTOBER 29, 2014

The results in table 1 come from a nine months research project of 120 respondents representing 183 instances of demand and supply planning. The supply chain planning cannot be effective if implemented by a supply chain function that is focused only on customer service, logistics and distribution. How do I know this?

Supply Chain Planning Software 326

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 326

Supply Chain Shaman

JUNE 7, 2018

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. However, most of the data is not a normal distribution. An orbit chart is a plotting of data at the intersection of two metrics. of revenue on IT are we improving inventories.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 238

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. The research is the fun part of the process. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. How do you define the metrics that matter?

Procurement Analytics 262

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 262

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 feel that there is too little primary research in the area of supply chain management. I wanted to better understand which metrics truly mattered. Definitions.

Supply Chain Design Software 266

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 266

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 92

Supply Chain Shaman

MAY 13, 2015

So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. I knew nothing about the world of logistics, inventory management and order optimization. I helped to implement early versions of Distribution Requirements Planning (DRP). (I 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

6 River Systems

NOVEMBER 11, 2019

Warehouse automation stats show that automation is making a big impact on warehouses and distribution centers. Among distribution centers with three or more buildings, 28% had six or more buildings in 2016, 22% had six or more buildings in 2017, and 27% had six or more buildings in 2018, according to Logistics Management. ” 14.

Warehousing 91

Warehousing Supply Chain Software Supply Chain Planning Software Optimization Software 91