Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Logility

AUGUST 14, 2023

When it comes to implementing supply chain planning and operations solutions, success relies heavily upon an organization’s ability to identify and document its desired value measures and outcomes, and to align those with its solutions provider. 1 Co-develop a business case with vendors. 2 Identify data availability and data gaps.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Procurement Solutions 202

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

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs.

Supplier Management 94

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 94

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

Logility

JANUARY 4, 2022

Planalytics’ weather-driven demand analytics help businesses stay ahead of never-ending sales variability. Logility customers can leverage Planalytics weather-driven demand analytics to factor in the weather’s influence on top line revenue and product/category sales across specific time periods and locations. ATLANTA – Jan.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Unleashed

APRIL 21, 2024

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. This entire process can be managed manually, which can be time-consuming and inaccurate, or with order processing software , which helps minimise errors and improve customer satisfaction.

Inventory Management Software 52

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

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Locus

APRIL 13, 2023

This newly-added focus has pushed companies to invest in logistics software that helps them improve their delivery process and make it more customer-friendly. So, if your business is looking for the top logistics software companies, you’ve come to the right place. Let’s dive in!

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Analytics Software Supply Chain Planning Software 52

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

OptiProERP

MAY 18, 2023

So what is procurement? Procurement is acquiring goods, services, or works from an external source. Procurement can be done by a government agency, a private organization, or an individual, and it can involve purchasing anything from pencils to complex machinery. What Are the Types of Procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

Precoro

FEBRUARY 12, 2024

In order to make it as realistic as possible, it’s a good idea for treasury and finance departments to communicate closely with sales, procurement, and accounting teams. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. Let’s explore how.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Unleashed

MARCH 5, 2024

It is achieved using various software tools, cloud-based technology platforms, and robotics to streamline manual processes. In many online businesses, eCommerce automation is used to improve efficiency, cut costs, and deliver better service at scale. This article explores the basics, before diving into common challenges and examples.

Supply Chain Software 52

Supply Chain Software Procurement Solutions Examples Inventory Management Software 52

Unleashed

JANUARY 4, 2024

Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers. If you’re looking to sell a product that’s already been established in the market, purchasing in bulk from a wholesaler can be a good option. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Arena Solutions

OCTOBER 12, 2023

External audits can be nerve-wracking with key personnel and teams running from pillar to post searching for records or documents, especially if you don’t have a quality management system (QMS) software solution in place. 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

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 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

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. ERP software collects and organizes supplier data in one central location so you have better visibility into KPIs and can make more strategic supplier decisions. The post What is the Importance of Supplier Relationship Management (SRM)?

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence.

Supply and Demand 156

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

Arena Solutions

JULY 8, 2021

In this article, we provide an overview of PLM and explore key factors that you should consider when adopting new software. This includes drawings, specifications, documentation, bills of materials (BOMs), engineering change orders (ECOs), quality records, and approved manufacturer/vendor lists ( AMLs / AVLs ). Collaboration.

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Planning Software Demand Planning Software Modeling Software 57

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

Oracle SCM

MAY 22, 2018

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. The number of systems make getting the answers too complex.

Quality 68

Quality Optimal Sourcing Procurement Analytics Manufacturing Procurement 68

SupplyPike

APRIL 10, 2020

You’ll need to work with your buyer on revising their purchasing plans to favor high demand items. Supply chain visibility is crucial during this time, and as such, paper documents are out. Bills of Lading (BOLs) and Proofs of Delivery (PODs) are usually physical documents, but technology such as EDI can help reduce the paper trail.

Supply Chain Planning Software 98

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

Precoro

AUGUST 15, 2022

ERP or enterprise resource planning is software companies use to automate core business processes and integrate their functions, such as accounting, project management, procurement, and supply chain operations, into a single system. Let's take a look at them: On-premises ERP Software. Cloud-based ERP Software.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Procurement Solutions Optimization Software 52

Arena Solutions

OCTOBER 5, 2023

The latest analytics demonstrate that 81% of consumers say brand trust is a deciding factor when making a purchase. The objective of an external audit is an examination of a particular product or service such as hardware, processed material or software, or medical devices to evaluate whether it conforms to requirements (i.e.,

Quality 52

Quality Optimal Sourcing Supply Chain Planning Software Sourcing Strategies 52

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Easily connect high-value tools that utilise new data capabilities, like ERP, inventory management for manufacturers, smart accounting software, CRM, etc. Set up new services and scale up or down based on demand with very little extra cost (little to no on-premise hardware is required).

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

OptiProERP

MARCH 15, 2022

The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time. Look at the three ways production scheduling within ERP software helps manufacturers improve business growth: 1. Purchasing receives information on inventory needs. Reduced Costs.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Provenance

SEPTEMBER 9, 2019

To make better purchasing decisions you don’t just need information, you also need to know the integrity of that information and transparency around how and where it was created. . It’s a big, wide world out there – and there’s a lot to document and verify. . Provenance is about transparency. ABOUT PROVENANCE. MORE ABOUT FARM-TRACE.

Analytics Software 74

Analytics Software Sustainability Demand Planning Software Procurement Analytics 74

3PL Insights

OCTOBER 24, 2017

Amazon is on the forefront of automation in the warehouse , currently using 45,000 Kiva Robots, after purchasing the company Kiva Systems in 2012 (they’re now renamed “Amazon robots”). The information received can be checked for accuracy with the company’s inventory software. This allows for inventory to be viewed in “real time.”.

Warehousing 112

Warehousing Inventory Reduction Predictive Analytics Software Supply Chain Software 112

Supply Chain Shaman

AUGUST 16, 2015

Infor–a market consolidator of enterprise software–currently has revenues of $2.8 On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

QAD

JULY 7, 2022

Consumers are increasingly expressing interest in ethical sourcing and environmental impacts related to the products they purchase. A 2021 Deloitte study documented how 43% of UK consumers selected brands based on environmentally sustainable values. found that consumers would stop purchasing brands with ethics issues.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

ToolsGroup

SEPTEMBER 20, 2022

Using this data, advanced predictive models can estimate when failures are likely to occur and recommend appropriate timelines to perform corrective measures, allowing manufacturers to organize their production schedules based on predicted equipment availability metrics. Increase overall equipment effectiveness (OEE).

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ShipBob

NOVEMBER 6, 2023

Using an inventory management software can help you keep track of inventory during physical inventory counts. Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52