Remove Document Remove Eliminating Excel in Purchasing Remove Forecasting Remove Metrics
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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

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Supply Chain Department – A Typical Structure

SCMDOJO

This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Enroll Now!

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Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

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A River Runs Through It…

Supply Chain Shaman

On an ongoing basis I view supply chain strategy documents. Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. What is it? Growth is a common theme.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

By doing physical inventory counts you can improve demand forecasting, minimize stockouts, maintain inventory shrinkage, and more. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Learn more about inventory reconciliation here.

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Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement

Synovos

“It is critical for procurement to adopt the latest technology that enables the team to visualize purchasing spend,” said one. Not only that but forecasting tools can provide a roadmap for fluctuating demand and lay out possible paths to take for the greatest gains,” they continued.

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Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

In this case, it must be done for all suppliers and for every product and service line purchased over the history of the institution. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…).