GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Supply Chain Shaman

JULY 12, 2021

As a strong proponent of maturity models, many discussions centered on the movement from program-based to functional metrics and how to drive alignment. Our discussions, influenced the model shown in Figure 1 from the Book Metrics that Matter. Metrics That Matter Model Evolution. Defining Outside-In Processes. Roddy loved beer.

Modeling 195

Modeling Optimization Modeling Metrics Supply Chain Optimization 195

Logility

AUGUST 4, 2023

Getting Started: Make Value Your North Star When it comes to selecting supply chain planning & operations solutions partners, the focus on delivering value should start even before the first vendor meeting. Document and agree to what your next supply chain planning technology must deliver for you.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Arena Solutions

OCTOBER 12, 2023

Meet Arena’s internal audit expert To ensure your PLM, QMS, and everything in between are aligned, an internal audit is an indispensable tool to effectively help you understand how your company is performing and prepare your team for imminent audits. Internal auditing is key to maintaining a healthy QMS.

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

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

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. Here are some other ways to balance PPV metrics.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. This streamlined approach enables manufacturers to meet service-level agreement requirements efficiently.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

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

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. Coordinate with various departments to meet production and delivery targets. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Optimize inventory levels to meet demand efficiently.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results.

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Logility

NOVEMBER 30, 2020

Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.

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

OCTOBER 12, 2021

They bring an outside perspective, highlight existing and future trends, and can indicate the minimum standards your company ought to meet in order to remain compliant. Develop metrics against which supply chain stakeholders can judge their performance. Insist on vetting and certifying third-party actors and suppliers going forward.

Supply Chain Planning Software 130

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

Logility

JANUARY 14, 2021

SaaSPath is a global survey of approximately 2,000 organizations across all geographic regions and company sizes, where customers are asked to rate their vendor on more than 30 different customer satisfaction metrics. 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

OptiProERP

APRIL 9, 2024

Quality Assurance Quality assurance ensures that products meet predefined quality criteria. Document processes and provide training to employees to ensure compliance and proficiency. Implement cross-functional meetings and communication channels to facilitate information sharing and decision-making.

Optimal Sourcing 52

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

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. Design for Quality.

Metrics 94

Metrics Quality Expense Reduction Cost Reduction Strategies 94

Supply Chain Shaman

MARCH 5, 2019

I am embarrassed to ask, but we were discussing the topic at our board meeting yesterday, and I must admit that we have more confusion than clarity.”. The focus is on functional metrics, but are unable to get to overall supply chain metrics. What is an easy definition? For me, this type discussion is the norm. Design Thinking.

Supply Chain Design Software 282

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

Logility

MARCH 12, 2021

Pulling data into a business intelligence tool in each department, the company started generating a new series of reports designed to meet the requirements of each department. Descriptive analytics are the summary measures and metrics that provide insight. Why are our error metrics (MAPE, MAE, etc.) Here’s where they help.

Supply and Demand 191

Supply and Demand Prescriptive Analytics Software Demand Planning Modeling 191

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Efficiently managing these processes is vital for companies to meet customer demands, minimize costs, and maintain a competitive edge. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Unleashed

APRIL 21, 2024

This document confirms the details of the transaction, including the type and quantity of products, pricing, and delivery terms. The process starts with the creation of a purchase order or purchase requisition: a document that outlines the need for a particular item or service.

Inventory Management Software 52

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

Precoro

MAY 22, 2023

Together, they can ensure that new hardware and software meet the organization's needs. Then, IT managers can assess the state of the tech stack to see if the available tools can meet the demand. This can be accomplished through internal surveys, group meetings, and one-on-one consultations with department heads and end users.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

ivalua

AUGUST 16, 2021

Segment suppliers into relevant groups and identify standards and processes that each group is required to meet as a minimum. If you have found this checklist useful, you can download the full document which includes guidance on supplier data, metrics and technology.

Optimal Sourcing 130

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

crisp

DECEMBER 15, 2021

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. Can we order from a different supplier to meet forecasted demand?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Precoro

DECEMBER 11, 2023

By establishing requirements and formalizing them in a corporate sustainability strategy document, teams can significantly limit the number of potential suppliers. Finally, the sourcing team creates a portfolio of potential suppliers and vendors that have the potential to meet the company needs. Target cost. Build a supplier portfolio.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Kanban Logistics

OCTOBER 31, 2023

Interview warehouse management to determine if/how the 3PL’s capabilities can meet your product and operational requirements. 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.,

Warehousing 52

Warehousing 3PL Supply and Demand Logistics Network Optimization Software 52

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

Unleashed

NOVEMBER 2, 2023

It is the process of determining future demand for products, how those products will be manufactured to meet that demand, and the manufacturing metrics that will measure success. A production schedule is a document that tells manufacturers which goods need to be produced, when they need to be produced, and the production methods.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

QAD

FEBRUARY 7, 2023

Since then, technology and changes in the landscape of business have evolved SRM, but the primary goal is still the same: determine if strategic suppliers help meet your business goals in a satisfactory manner, and streamline the supply process as needed.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

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. All KPIS have a target percentage to meet. All KPIS have metrics to measure. The more KPIs, the more difficult the negotiation process.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

APRIL 12, 2017

In addition, include provisions to modify shipment sizes to meet the most cost-effective choice. A defined set of rules should serve as the “checkpoint” in this part of the document, ranging from marking and labeling to back-order processing. Distribute It. The faster your guide gets to vendors, the faster they can implement changes.

Vendor Strategies 121

Vendor Strategies Cost Reduction Strategies Price Reduction Modeling Software 121

SupplyPike

APRIL 10, 2020

Where possible, provide daily updates and/or schedule weekly meetings to work through different options for securing an adequate supply of essential high-demand items. Supply chain visibility is crucial during this time, and as such, paper documents are out. Replenishment. Other considerations.

Supply Chain Planning Software 98

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

Supply Chain Game Changer

OCTOBER 4, 2022

Management teams should concentrate on the logistics system in addition to administrative chores and adopt methods to assist molding manufacturers in meeting their goals. Efficient task management and resource allocation will guarantee creative consistency and that the items produced closely meet the demands and schedule of the client.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

SCMDOJO

JULY 24, 2023

Whether it’s seasonal variations or unexpected changes in market conditions, a contract logistics provider can quickly adapt and adjust the resources and capacity to meet the client’s needs effectively. Common Services Contract logistics providers offer a wide range of services to meet the diverse needs of their clients.

Logistics Network Optimization Software 90

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

OptiProERP

MAY 18, 2023

Procurement is a complex process that requires careful planning and execution to ensure that the goods or services acquired meet the company’s needs and requirements. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

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

Logistics Viewpoints

NOVEMBER 23, 2020

That’s why the supply chain team proactively kicked off a series of meetings. Long lead times left them exposed, they could burn through safety stock and not have enough inventory to meet an order. One failure, for example, related to an importation document that did not arrive on time.

Customer Service 191

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 191