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. Measuring and reporting.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Logility

AUGUST 25, 2020

Maybe, but what is certainly clear from the examples is that the complexity of modern supply chains requires better visibility into every phase of production and distribution. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. First contact resolutions.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

MARCH 21, 2024

The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Revenue management is siloed and distinct from demand management, while Transportation Management (TMS) has nothing in common with Distribution Requirements Planning (DRP). Lack of aligned metrics.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The gap between logistics and procurement; and logistics and customer service increases process latency. Functional metrics need to be abandoned to focus on balanced scorecard outputs. Here is some detail: Planning.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Strategic sourcing involves the meticulous evaluation of suppliers and the overall procurement process to extract maximum value from both. Building sustainability strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 94

Logistics Viewpoints

JULY 22, 2021

This can result in a messy supply chain network and flows that adversely impact cost-to-serve as can be seen in figure 1 in case of a distribution intense company we worked with. A close alignment between Procurement and Supply Chain can also yield several very interesting use cases that will help turbocharge your business.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

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

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. What did we find?

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Logility

AUGUST 15, 2023

The average volume, rising expenditures, and varying price arrangements for each item across multiple suppliers further complicate the procurement landscape. This broad spectrum must be captured fully, including metrics on energy consumption, water usage, and overall environmental impact,” explains Vethuizen.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

GlobalTranz

JULY 28, 2021

That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. True optimization applies data to ensure all decisions and processes are carried out to their fullest potential.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

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

QAD

JUNE 6, 2023

Many companies believed collaboration should occur amongst sales forecasting, operations planning and procurement planning teams. The metrics that measure supply chain effectiveness and business KPIs, specifically those that measure financial success, should be merged.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 95

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

OptiProERP

APRIL 9, 2024

Collaboration between production, procurement, and logistics teams is essential to optimize resource utilization and minimize lead times. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Production Planning Upon receiving an order, production planning kicks in.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 17

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 17

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

QAD

MARCH 9, 2023

That means looking at the right metrics. These two types of KPIs are complementary and “will empower a practitioner to visualize the profitability impact of a supply chain decision regarding production, distribution and sourcing.” Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

GlobalTranz

APRIL 5, 2017

Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking. In other words, the term, “metrics,” can be deceiving. Since a metric is a data point, metrics can include the number of vendors used, the percentage of on-time deliveries or spend-to-carrier ratios.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

ivalua

JUNE 29, 2020

Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating. BSW built up a leading supply chain function and established a self-distribution model, all of which helped to improve overall margins. Share on Twitter.

Supply Chain Planning Software 219

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

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Pros: It forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.

Supply Chain Design Software 115

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 115

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. Inventory reduction may also involve preventing excess inventory in the first place and adjusting procurement strategies to focus on SKUs that are more likely to sell.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

SYSPRO Smarter ERP

AUGUST 2, 2023

This holds true across all five key components of a medical manufacturing business: Design, Manufacture, Distribution, Maintenance, and Service. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

GlobalTranz

DECEMBER 27, 2017

This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. 5 Tips for Warehouse and Distribution Center Management Success You MUST Instill Today. Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure? Share This: Read More. [e-Book]

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

Silvon Software

AUGUST 8, 2022

Supply chain challenges stemming from the pandemic and other global events continue to plague manufacturing and distribution companies. Supply chains also have the added complexity of numerous other data sources being generated from extended partners in outsourcing, logistics, and distribution. Let’s take product quality as an example.

Analytics Software 79

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 79

Supply Chain Shaman

OCTOBER 1, 2013

OI has been more focused on transactional efficiency, procurement and IT standardization. As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. It cannot be about singular metrics. Owens Illinois (OI), a $6.3 Conscious Choice.

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

SYSPRO Smarter ERP

MARCH 27, 2023

It involves ensuring that critical aspects of the supply chain, such as sourcing of raw materials, manufacturing processes, and distribution channels, are managed in-house or using trusted partners. Greater cross-functional decision-making should be implemented with finance, procurement , and supply chain working together.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

ThroughPut

SEPTEMBER 10, 2021

Supply chain material flow is monitored across the stages of Planning , Procuring, Producing, Delivering, and Returning. Data procured through real-time metrics can drive up sales , bring down wastages and lead to a robust supply chain. Regulate supply chain material flow. Enhanced visibility through real-time monitoring.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 254

Supply Chain Shaman

SEPTEMBER 17, 2014

The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. Bernstein & Co., ” Yes, I said. Supply Chain Design.

Optimal Sourcing 301

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

Taulia

AUGUST 29, 2023

This, in turn, can ensure that products received from suppliers are consistently of an appropriately high quality, procured at the right cost, and delivered on time. These metrics can help the company evaluate the efficiency and effectiveness of its supply chain processes and identify any shortcomings.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. Efficient Supply Chain Practices: Automated Distribution Centers and Computerized Inventory Systems Automation is a key component of Walmart’s efficient supply chain practices.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 79