GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. The reality is that their success is in our hands.”.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

ivalua

NOVEMBER 25, 2020

To stay relevant, Gartner suggests documenting all the ways procurement projects align with business priorities during recovery and beyond. This list should include the business metrics that each procurement project impacts. In the report, Gartner provides a helpful example of what a value map could look like.

Optimal Sourcing 130

Optimal Sourcing Procurement Gartner Agile and Lean Supply Chain 130

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. There are no restrictions; just register, answer the online questionnaire and documentation, share results, and improve! What areas does it cover?

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Logistics Viewpoints

AUGUST 15, 2022

For example, one of the key decisions that a manufacturer needs to make is should they continue to buy goods from one of their suppliers. For example, are you still a minority owned company? For example, Dun & Bradstreet (D&B) publishes reports on the creditworthiness of companies. That supplier can be put on “hold.”

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

ThroughPut

MARCH 15, 2024

Instead, start by documenting current processes and identify issues. For example, what is the overall workflow? For example, a mislabeled product category can lead to a 10% inefficiency in demand forecasting. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

Instead, start by documenting current processes and identify issues. For example, what is the overall workflow? For example, a mislabeled product category can lead to a 10% inefficiency in demand forecasting. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

Supply Chain Shaman

MARCH 5, 2019

For example, the goal is not track truck location, but to provide insights on location in context with a delivery appointment. For example, will the truck be late to arrive against a pre-established appointment. The focus is on functional metrics, but are unable to get to overall supply chain metrics. 2) Latency.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

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

Logistics Viewpoints

NOVEMBER 14, 2022

Customers use their modular, SaaS solutions to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

SYSPRO Smarter ERP

NOVEMBER 22, 2021

Approach: In this phase you will need to start developing the project plan, document the internal and external participants, resources required and understand the objectives. For example, reports and analytics in your ERP system can help you identify areas where improvements can be made. Or are you a digital disrupter?

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Analytics Software Vendor Strategies 111

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Unleashed

APRIL 21, 2024

For example, when a customer buys coffee beans online, order processing would include confirming the payment, updating the stock count of the coffee bean units, and preparing the order for shipment. This document confirms the details of the transaction, including the type and quantity of products, pricing, and delivery terms.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Elementum

DECEMBER 14, 2023

For example, AI-powered chatbots can support customer service processes by providing accurate and timely responses to common inquiries, whereas machine learning algorithms can be used to identify and rectify inefficiencies in supply chain management. How can robotic process automation (RPA) be applied in business?

Supply Chain Software 78

Supply Chain Software Optimization Software Resource Reduction Supply Chain Planning Software 78

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. By automating processes and reducing manual labor, these solutions can help companies streamline their operations and reduce operational costs.

Optimal Sourcing 105

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

ToolsGroup

SEPTEMBER 22, 2020

Gartner uses the example of the Popeye’s restaurant chain, which in 2019 famously ran out of its chicken sandwich because it didn’t have the processes or resources in place to respond to the extreme demand volatility its social-media promotions created. When social media product promotions overwhelm supply chains. All rights reserved.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

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

However, generative AI can extract insights from documents like waybills, quality reports, and customer feedback and feed it into AI models to optimize various aspects of the supply chain based on historical supply chain data. Table 1 details some examples of areas of application of generative AI for different supply chain participants.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

The Logistics of Logistics

FEBRUARY 15, 2013

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. White Paper: The Essential Guide to LTL Shipping Improvement: Action Plan and Metrics for Rapid Transformation.

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

ivalua

AUGUST 16, 2021

Distill actionable requirements from high level goals to include items like the following: Document requirements, standards, and processes for each supplier segment and each stage of the supplier lifecycle, for example: . Step 3: Translate Goals, Objectives, and Standards into Specific Requirements.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Game Changer

NOVEMBER 3, 2022

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). For example, if you want to improve customer satisfaction in the supply chain, you could use data analytics to track and measure key metrics like delivery time or order accuracy rates.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Software Negotiate Pricing Negotiating Skills 115

Kanban Logistics

OCTOBER 31, 2023

For example, 3PL providers are typically insured against damage or loss of inventory. Continuous improvement For most companies, it is important that their 3PL partner has a documented continuous improvement program (CIP) in place. Each metric must also have a goal which denotes success (e.g., on-time shipments).

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

crisp

DECEMBER 15, 2021

Let’s take the example of a supply chain team at a major retailer. Work backwards from the desired outcome to see what steps happen leading up to it, documenting the data points available to measure progress along the way. 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

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? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Supply Chain Game Changer

AUGUST 30, 2021

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. For example, they may have to write a review paper about The Fear Index. Students getting an education at college often have to write review papers.

Agile and Lean Supply Chain 92

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

The Network Effect

MAY 15, 2015

It is a normalization based on a well-defined taxonomy where major functional areas are disaggregated and attributes related to those functions are further broken down into strategic and operating metrics. An example of a SCOR measure is as follows: RL.1.1 Perfect Order Fulfillment. The percentage of orders delivered on-time, in full.

Modeling 100

Modeling Modeling Software Supply Chain Software Supply Chain 100

GlobalTranz

OCTOBER 21, 2015

It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. All KPIS have a target percentage to meet.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

APRIL 12, 2017

For example, provide direction for each vendor that comes from a specific area. For example, freight consolidation of small packages and shipments weighing less than 5,000 pounds should be held until enough freight can be sent via less-than-truckload of full-truckload shipping. Start Where Shipments Begin.

Vendor Strategies 121

Vendor Strategies Cost Reduction Strategies Price Reduction Modeling Software 121

Precoro

MAY 22, 2023

Typically in the form of a document, it entails formulating defined objectives, determining vendor selection criteria, choosing a budget, and establishing a timeframe for execution. One more example of a possible organizational constraint is limited staff expertise.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Logility

OCTOBER 12, 2021

Develop metrics against which supply chain stakeholders can judge their performance. Clearly defined metrics or scorecards are thus a crucial component of any endeavor towards better performance. Clearly defined metrics or scorecards are thus a crucial component of any endeavor towards better performance.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130

Unleashed

MARCH 5, 2024

This article explores the basics, before diving into common challenges and examples. This table demonstrates some common examples of eCommerce automation: Inventory management Track inventory levels ; set automatic reorder points; update online store with real-time stock levels; accurately forecast sales, inventory, and purchasing needs.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. Less price volatility: When you have a good, healthy relationship with a supplier, you can work together to minimize commodity prices, exchanging fixed prices for a longer contract term, for example.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

SupplyPike

APRIL 10, 2020

For example, one plan may see the pandemic ending and the quarantine lifting at the end of the second quarter. Supply chain visibility is crucial during this time, and as such, paper documents are out. Purchase orders, invoices, PO change requests, and credit/debit documents (and more) can all be exchanged via EDI.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

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

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

SCMDOJO

APRIL 15, 2022

For example, to be successful in business, it is essential to have a detailed plan and standard operating procedure for how you want your products to be manufactured, rolled out into the marketplace, and sold. This will aid your firm to reach its peak performance defined by metrics critical to success.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Strategy Supply Chain Software Supply Chain Optimization 133

ShipBob

JANUARY 6, 2023

Share compliance information and documentation. Report on important performance metrics. Documentation management. The transportation process can be extremely document-heavy, often requiring multiple documents, forms, and compliance information. Customer document management. Tracking and visibility.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52