Supply Chain View from the Field

APRIL 1, 2015

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.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

TrackVia

MARCH 25, 2024

Mobile solutions provide field service professionals with instant access to customer information, work orders, and technical documentation, enabling them to diagnose and resolve issues quickly. These solutions not only streamline processes and improve efficiency but also foster innovation and growth.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

Precoro

DECEMBER 11, 2023

Company priorities extend far beyond just the purchasing price, so strategic sourcing also considers the following factors: Delivery price Delivery speed Quality and durability Servicing requirements Regulatory compliance Innovation These factors should be weighed against each other, as well as against the purchasing price. Target cost.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

The Logistics of Logistics

FEBRUARY 15, 2013

Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling. During the post Implementation phase, a top notch 3PL will provide communication on the following: shipment management, documentation, rolling out new initiatives, new services and ongoing training.

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

Supply Chain Game Changer

AUGUST 30, 2021

Books can help students to absorb groundbreaking innovations, new concepts and teach them more about management practices. It is about a research study undertaken by MIT students over a period of five years on the concept of lean production in the automobile industry, using Toyota as an example. Supply Chain Management for Dummies.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. Let’s take the example of a supply chain team at a major retailer. These ‘ driver metrics ’ can give you an early signal to act on before your outcome is impacted.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Enterra Insights

MARCH 28, 2019

Even when companies have been generally successful in reducing the number of imperfectly fulfilled orders, the high cost of the very small percentage of orders that aren’t filled completely, on time, damage-free and with all proper documentation and invoicing remains a vexing problem.”[1] In our example, that’s.99 ”[3].

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Design Software Modeling Supply Chain Network Software 100

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? What innovations could be introduced?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Trend

DECEMBER 22, 2023

However, standing still and sticking to old dogma’s, not innovate, come up with new ideas and envision a better supply chain planning future is not an option for me. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. I see two steps in augmentation: 1.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

DynaSys

SEPTEMBER 17, 2019

In other words, these are projects with benefits that are not visible in short-term financial metrics, but extremely important from a long-term perspective. To explain it, let’s take the example of a country with customs clearance regulations. We gathered a comprehensive set of documents for the customs broker.

Waste Reduction 74

Waste Reduction Supply Chain Cost Reduction Strategies Resource Reduction 74

Enterra Insights

SEPTEMBER 16, 2019

performance-based metrics. When measured against these two dimensions, Bateman and Bonanni assert companies fall into one of four stages: Majority; Early Majority; Early Adopter; or Innovator. Only Innovators are ready to share information about raw materials suppliers.” Transparency milestones include: codes of conduct.

Supply Chain Design Software 174

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 174

ModusLink Corporation

MARCH 29, 2022

According to Castillo (2021), most e-CRM software also has the ability to analyze your site’s metrics, for example: Conversion rates; Customer click-through rate; E-mail subscription opt-ins; Which products customers are interested in. You can also apply the Multiplatform Support philosophy to provided payments for example.

Optimization Software 78

Optimization Software Logistics Network Optimization Software Procurement Analytics Procurement Solutions 78

Precoro

MARCH 31, 2023

Examples of its adverse effects include increased frequency and severity of natural disasters, rising sea levels, loss of biodiversity, damage to infrastructure and homes, food insecurity, water shortages, and increased rates of respiratory illness and heat-related illnesses.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

GlobalTranz

MARCH 23, 2016

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Supply Chain Game Changer

MAY 27, 2022

Let’s look at the examples of effective brand strategies that helped these brands become what they are today. These examples demonstrate the essential elements for making an effective brand strategy. For example, the purpose of Google is to provide access to the world’s information without exclusion.

Sourcing Strategies 90

Sourcing Strategies Supply Chain Design Software Price Reduction Supply Chain Planning Software 90

Supply Chain Opz

JANUARY 5, 2015

At Lenovo, asking questions like "why, why not, what if" is part of the innovation process. 3) Clarify Corporate Culture: they believe corporate culture should be something actionable, not just a vague documentation. These high-level metrics are monitored and controlled by a cross-functional team.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Gartner Supply Chain Planning Software Supply Chain Optimization 100

Unleashed

MARCH 31, 2021

Let’s take a look at the coffee supply chain as an example. In our example above, it was logistics companies that were transferring coffee beans from growers to roasters, and then on to cafes, and it was logistics companies that were storing the beans between buyers. Read more: The Remarkable Supply Chain of the Coffee Bean.

Supply Chain Planning Software 69

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

Supply Chain View from the Field

MAY 10, 2015

Some of the important points that came out of the meeting included the following: RIGHT METRICS: In general, the right metrics include not just dollar measures of dollars spent, but true measures of Earned Value that involves measures of value that are meaningful to project stakeholders.

Negotiating Skills 60

Negotiating Skills Purchasing Training North Dakota Optimal Sourcing 60

Talking Logistics

NOVEMBER 10, 2014

I also shared with them my view that companies will ultimately find opportunities for supply chain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of Supply Chain Operating Networks (SCONs). How are companies using SCONs in the real world?

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 171

Unleashed

AUGUST 18, 2021

Rather than letting returns harm their business, manufacturers and retailers who are innovative and have efficient processes in place can benefit from reverse logistics. 3 examples) What are the challenges of reverse logistics? 3 examples) 1. Eileen Fisher Renew is an excellent example of the reverse logistics process in action.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

TrackVia

AUGUST 22, 2023

With a fleet team of business vehicles, for example, your cars and trucks need regular oil changes, maintenance, and cleaning to be in working order when someone needs to use one. Training and Documentation: Of course, with any maintenance schedule, you’ll want to train maintenance staff on proper procedures and protocols.

Asset Management 98

Asset Management Optimization Software Analytics Software Predictive Analytics Software 98

Synovos

FEBRUARY 21, 2023

According to consultants Bain , the data generated by digital procurement solutions can identify ways to improve performance and pinpoint areas for innovation and collaboration – as well as identify risks with sufficient lead time to react. He is not alone. Data muscle is transforming the strategic role of procurement,” they state.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Elementum

JANUARY 16, 2024

Despite these hurdles, the strategic benefits of implementing process automation solutions remain clear, offering a competitive edge to businesses willing to embrace innovation. For example, in human resources , automation can be applied to manage employee onboarding, payroll processing, and performance management.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78

ToolsGroup

APRIL 27, 2022

For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. And this is something that is especially prevalent in most high-pressure corporate settings, where performance metrics are everything and survival often comes down to how well you perform and how consistently you do what is expected of you.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

Unleashed

MARCH 28, 2021

An example of this is General Electric’s Trading Process Network (TPN), parts specifications are posted electronically and prequalified vendors can bid for the job. Supplier scorecards help businesses to maintain profitable, metrics-based supply chains. Five practical ways to improve supplier relationships.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Talking Logistics

JUNE 22, 2015

According to the press release : The proposed standards are expected to lower CO2 emissions by approximately 1 billion metric tons, cut fuel costs by about $170 billion, and reduce oil consumption by up to 1.8 Robinson and TMC earned second place in CSCMP’s Supply Chain Innovation Award. The redesign has saved the company €1.2

Vendor Strategies 100

Vendor Strategies Cost Reduction Strategies Price Reduction Procurement Analytics 100

6 River Systems

OCTOBER 14, 2022

Technology is such a constant force for change that we tend to look at new technological innovations as almost normal — or at least par for the course. If your business is going to keep pace with its competitors in such a rapidly changing world, it’s going to need to embrace and integrate as much technological innovation as it can.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 52

NC State SCRC

APRIL 3, 2019

Capacity to innovate [7]. For example, a near term contract may need to amortize some costs over a larger amount of units that the current near term 3 year contract, so long term accommodations are made to impact the pricing on future units as well, before settling to the long term price. Risk: Capacity to innovate [7].

Aerospace 40

Aerospace Manufacturing Procurement Supply Chain Design Software Manufacturing 40

Unleashed

MARCH 9, 2021

A robust procurement strategy should explain how an organisation seeks to optimise the businesses external spend, procurement costs and other value contributions such as product innovation, spend reduction and process efficiency. Creating new opportunities by investing in supplier partnerships and joint innovations.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Intelligent Audit

NOVEMBER 3, 2021

These often occur when there is a lack of freight auditing, poor documentation, and lax monitoring of the transportation network. Embracing modern innovations, improving freight payment services, and enhancing collaboration is one of the best ways to plan for the future while securing a path toward growth and success today.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Vendor Strategies Expense Reduction 52

Supply Chain Trend

NOVEMBER 14, 2016

On top of this we can see examples of marketing driven service providers that very doubtfully brand their product S&OP, or make up new names for existing S&OP processes. 64% think there is not enough coordinated innovation in S&OP processes. 64% think there is not enough coordinated innovation in S&OP processes.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Resource Reduction 60

NC State SCRC

FEBRUARY 28, 2018

I had the privilege of facilitating and witnessing first hand a great example of what a true strategic partnership looks like recently, when a large pharmaceutical brand met with a large global Contract Drug Manufacturing Organization (CDMO) at their site. Teams will identify metrics associated with cost drivers, (e.g.

Pharmaceutical 40

Pharmaceutical Forecasting Supply Chain Planning Software Forecasting Software 40

RFgen

MARCH 24, 2016

For example, one RFgen customer case study detailed how forklift operators working at an auto manufacturer warehouse had to perform manual counts with paper and pencils and then manually enter that information into a computer. Document Attainable Goals. The first thing you need is a believable reason to make a change.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

RFgen

MARCH 24, 2016

For example, one RFgen customer case study detailed how forklift operators working at an auto manufacturer warehouse had to perform manual counts with paper and pencils and then manually enter that information into a computer. Document Attainable Goals. The first thing you need is a believable reason to make a change.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

Logistics Viewpoints

JANUARY 23, 2024

This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. The example they gave me was to understand the yield for a burger with pickles at a QSR.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

NC State SCRC

NOVEMBER 5, 2016

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. The tool also helped support a well-documented statement of work, and ensured that the right regulatory requirements and questions were being addressed in the contract.

Negotiating Skills 40

Negotiating Skills Analytics Software Supply Chain Planning Software Modeling Software 40

Elementum

FEBRUARY 7, 2024

Strategic implementation includes establishing a clear communication plan, setting performance metrics, and preparing the staff for the transition towards automated processes. For example, customer service representatives can provide more personalized attention when automation takes care of routine inquiries.

Cost Reduction Strategies 78

Cost Reduction Strategies Supply Chain Software Predictive Analytics Software Resource Reduction 78