ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

Unleashed

OCTOBER 31, 2023

Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Manufacturers can leverage this to attract, hire, and keep the best people in their industry while establishing a reputation as a preferred place to work. Leveraging Industry 4.0

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

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

Logility

JANUARY 26, 2022

The industry stands to gain too much to accept mediocre attempts, such as shifting to vertical production, embracing made-to-order business models, or creating new pieces from vintage garments or deadstock materials. A commitment to improving environmental, social, and governance (ESG) performance at COP26 is unquestionably commendable.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 130

Arena Solutions

OCTOBER 12, 2023

1 This year’s medical device industry is projected to grow from $536.12 However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. Christine said, “I have used internal audits as the baseline to improve our overall business metrics.

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

QAD

AUGUST 31, 2023

At the heart of a QAD project are the Effective On Boarding (EOB) best practice processes, which have been pre-defined and meet industry compliance requirements. Our projects include all the tools, templates, work instructions and metrics you need, all of which are aligned and compliant with your industry requirements.

Resource Reduction 97

Resource Reduction Waste Reduction Material Savings Cost Reduction Strategies 97

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Supply Chain Matters

MARCH 12, 2024

Industry and business media has voiced some concern that the shadow of such an investigation may hamper the willingness of Boeing or respective supplier workers to want to share additional information regarding production and quality conformance processes. Thus, there is likely a long tail involved in the scope. All rights reserved.

Quality 52

Quality Alaska Manufacturing Procurement Supply Chain Design Software 52

Precoro

NOVEMBER 13, 2023

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

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. Generative AI can help industries solve challenges and improve operational efficiency.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logility

NOVEMBER 30, 2020

Industry analysts, consultants, solution providers, executives and practitioners are all focused on how to transition from a traditional, analog supply chain to a more digital supply chain. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics.

Supply Chain Planning Software 179

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Strategy 179

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

Logility

MARCH 16, 2021

Join industry leaders Lora Cecere, founder, Supply Chain Insights, and Mac McGary, executive vice president, Logility, as they explore how to build a more resilient supply chain to quickly respond to shifts in today’s dynamic market. s current Form 10-K and other reports and documents subsequently filed with the SEC.

Supply Chain Planning Software 130

Supply Chain Planning Software Analytics Software Demand Planning Software Optimization Software 130

ThroughPut

MARCH 15, 2024

Instead, start by documenting current processes and identify issues. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”.

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. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”.

Supply Chain Planning Software 52

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

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

QAD

APRIL 25, 2019

Using Metrics to Measure Quality. Business Process Documentation. Unless processes are fully and accurately documented, employees may not understand their roles. Unless processes are fully and accurately documented, employees may not understand their roles. Most industry standards recommend design for quality.

Metrics 94

Metrics Quality Expense Reduction Cost Reduction Strategies 94

Logility

JANUARY 14, 2021

Logility scored significantly higher than its peers’ average in areas such as low total cost of ownership (TCO), user experience, high availability, industry specialization, out-of-the-box availability, and availability of training. s current Form 10-K and other reports and documents subsequently filed with the SEC.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

SCMDOJO

MARCH 19, 2024

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. Import / Export Lead Overseeing import/export operations, including documentation, customs compliance, and shipping arrangements.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Turvo

SEPTEMBER 29, 2021

Eliminate Confusion With Digital Document Management. Another way to navigate the current market is by implementing technology like digital document management. This can consolidate the amount of manual documentation while instantly uploading the files. Monitoring these can decrease supply chain disruption and confusion. .

Supply Chain Disruption 76

Supply Chain Disruption Logistics Network Optimization Software Analytics Software Optimization Software 76

Supply Chain Shaman

JULY 3, 2015

Opinion makes up 50% of the rating; and in the ranking system, company comparisons are against each other with little consideration of industry drivers. Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Why Do I Think This? .

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

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

Elementum

DECEMBER 14, 2023

Metrics to Measure Success Once automation has been implemented, it’s crucial to track its success through Key Performance Indicators (KPIs) and other metrics. Remember to review and adjust your automation strategy based on these metrics and evolve your processes to maximize efficiency and effectiveness.

Supply Chain Software 78

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

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. Members of the IT procurement team may visit industry websites and forums to find information about vendors and their products.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

SYSPRO Smarter ERP

NOVEMBER 22, 2021

When embarking on your ERP journey it’s vital to select a vendor that can cater to your industry-specific challenges and that will partner with you as a trusted advisor at every step of the way. Keep in mind that some metrics are easier to measure than others.

Supply Chain Design Software 111

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

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

Supply Chain Shaman

MARCH 5, 2019

The industry is moving down a path of “groupthink.”. The focus is on functional metrics, but are unable to get to overall supply chain metrics. Pictures, images, text, email, sentiment, contracts, documents are all areas of opportunity. This week, in advisory calls, I answered five questions on control towers.

Supply Chain Design Software 282

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

QAD

FEBRUARY 7, 2023

Though each industry may abide by a different means of scoring, that goal can be broken down further into three general objectives: Develop and strengthen relationships: This requires looking at which suppliers are critical to the business and which aren’t.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

crisp

DECEMBER 15, 2021

The pace of change is increasing exponentially, and there are innovations and learnings being shared across the industry every day. 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. Let’s go back to our retailer example.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

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

New Horizon Supply Chain Blog

OCTOBER 21, 2022

In the past, the model was provided in an approximately 1000-page PDF document, detailing processes and metrics down to three levels of granularity. Make has changed to Transform, to signify the relevance of supply chain processes for service industries in addition to manufacturing.

Modeling Software 52

Modeling Software Modeling Sourcing Strategies Gartner 52

NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. The students will review and document the current geography allocation process for Surplus/excess, Overage and Unconsumed Purchase parts inventory (SOUP).

Vendor Strategies 40

Vendor Strategies Optimal Sourcing Inventory Reduction Resource Reduction 40

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. Toyota overtook General Motors, the largest automaker in the world, twenty years after the book was published. 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

SCMDOJO

JULY 24, 2023

They handle documentation, customs clearance, compliance, and ensure that shipments comply with legal and regulatory requirements. Here are some key factors to consider when making this decision: Industry Expertise: Look for a contract logistics provider with experience and expertise in your industry.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

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

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. By establishing requirements and formalizing them in a corporate sustainability strategy document, teams can significantly limit the number of potential suppliers. Target cost. Benchmarks, analysis, and improvements.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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.’ Industry Week, March, 2016). 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