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. Employee satisfaction : Survey employees to gauge their perception of the implemented automation solution.

Supply Chain Software 78

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

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. In a 2020 SYSPRO survey it showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic.

Supply Chain Design Software 111

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

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. 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

Precoro

MAY 22, 2023

This can be accomplished through internal surveys, group meetings, and one-on-one consultations with department heads and end users. 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.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Synovos

FEBRUARY 21, 2023

The report’s findings, based on a survey of indirect procurement professionals, demonstrate that the need to improve operational efficiency and eliminate internal complexity is the biggest reason for adoption. ” Respondents to the RS and CIPS survey share this view. “It

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

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

GlobalTranz

MARCH 23, 2016

You use a Voice of the Customer (VoC) survey to obtain negatives and positives from your customers. 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.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Material Handling & Logistics

SEPTEMBER 13, 2017

The Institute for Supply Management (ISM) recently released the results of a special survey to assess how Hurricane Harvey impacted six key metrics. In other circumstances, parties may lack any contract and rely upon purchase orders or other short forms of documentation.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80

Logility

MAY 7, 2020

Attainable Benefits: The benefits from the use of Big Data are numerous and well documented. Figure 2 shows the results of a survey conducted by Accenture 2 showing a long list of reported benefits from Big Data Analytics. and up to date transaction data (order status, inventory positions, shipment tracking, etc.)

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 195

Kinaxis

JULY 23, 2015

The basic daily process for the inventory manager should be to sense the current status of the inventory plan, assess any exceptions or opportunities, formulate a response, recalibrate based on the predicted results and collaborative input, deploy the changes to the planning system, and document any assumptions or notes to learn from the results.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. In a recent survey, Zipline Logistics found that 100% of retail buyers said that a vendor’s ability to deliver product on-time impacted their willingness to work with them. What is Logistics Data?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Talking Logistics

MAY 8, 2013

To make consumers and businesses more aware of this problem, Made in a Free World, with funding from the US State Department, launched slaveryfootprint.org , an online survey that calculates your “slavery footprint” — i.e., the likely number of slaves involved in making some of the products you use.

Supply Chain Planning Software 237

Supply Chain Planning Software Bangladesh Supply Chain Planning Supply Chain 237

IQMS

JULY 16, 2019

The following is a correlation comparing the average machine rate per hour by average markup based on the 2019 survey of plastics manufacturers by the Manufacturer’s Association for Plastics Processors (MAPP).

Price Reduction 44

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 44

Enterra Insights

SEPTEMBER 16, 2019

” They note an MIT survey of apparel companies found vastly differing definitions of supply chain transparency across organizations. performance-based metrics. For example, shipments that are missing origin documents are being held up and turned away at ports, causing costly disruptions that ripple through supply chains.”

Supply Chain Design Software 174

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

Provenance

SEPTEMBER 9, 2019

It’s a big, wide world out there – and there’s a lot to document and verify. . Over time, users upload farm observations via simple surveys. For producers, these metrics provide them with farm management analytics to make smart decisions about farm interventions, aiding productivity and creating reporting efficiencies.

Analytics Software 74

Analytics Software Sustainability Demand Planning Software Procurement Analytics 74

EcoVadis

SEPTEMBER 4, 2019

39 percent of all companies surveyed struggle with tracking supplier performance, which is foundational for benchmarking progress and motivating suppliers to be more responsible, which given the various tools on the market today, could mean many companies aren’t looking at the bigger picture and are stuck in a compliance trap. .

Supply Chain Planning Software 45

Supply Chain Planning Software Optimal Sourcing Modeling Software Supply Chain Software 45

Unleashed

AUGUST 18, 2021

In a 2018 survey of 1000 shoppers , 89% said they have bought an item online and returned it. According to a report by global shipping company UPS , 95% of surveyed customers say they will not buy again from a company if they have a bad returns experience. 34% had chosen brands with environmentally sustainable practices or values.

Reverse Logistics 98

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

Talking Logistics

JULY 19, 2013

Here are some additional details from the press release: Data Services data sets will include mode-specific transportation costs and transit times, facilities cost estimates, demographics, risk metrics, duties and taxes, sustainability metrics and others.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 130

Kinaxis

SEPTEMBER 6, 2016

However, a 2014 report by University of Tennessee on managing risk in global supply chains points out that 90% of the firms surveyed do not quantify risk when outsourcing production! However, by having well-documented contingency processes, it will likely help you recover faster than your competition when impacted by a disaster.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

Requis

NOVEMBER 11, 2019

Making the time to thoroughly document requirements and identify key tradeoffs is essential in ensuring that you don’t make heavy investments in systems that just don’t work. At the start of your digitization process, identify metrics you can keep tracking and also new metrics that you want to be able to track going forward.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

Requis

NOVEMBER 11, 2019

Making the time to thoroughly document requirements and identify key tradeoffs is essential in ensuring that you don’t make heavy investments in systems that just don’t work. At the start of your digitization process, identify metrics you can keep tracking and also new metrics that you want to be able to track going forward.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 40

Intelligent Audit

NOVEMBER 17, 2020

A survey by Resilience360 and Business Continuity Institute found 37% of shippers had seen their air transport disrupted by the pandemic — the highest rate among the freight modes. Analyzing these documents in real-time can take up hours of employee time. These factors are driving shipping costs higher and shippers need to prepare.

Cost Reduction Strategies 52

Cost Reduction Strategies Prescriptive Analytics Software Shipping Resource Reduction 52

Supply Chain Trend

DECEMBER 22, 2023

Documenting recurring decisions like this creates alignment and transparency in the decision process, increases decision speed and reduces analytics waste for human centric decisions. Intelligent IBP will have the objectives and decisions trees documented and highlighted where there is automation and augmentation potential.

Supply Chain Planning Software 78

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

Unleashed

OCTOBER 31, 2023

Analytics can be used to track inventory metrics and KPIs , such as fill rate and turnover rates to identify areas where improvements to workforce productivity and efficiency can be made. For example, cloud-based platforms can be used to share documents, schedules, and feedback in real time.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

NC State SCRC

SEPTEMBER 22, 2019

The survey showed that only 15% of respondents believe their existing systems are capable of producing clean data that can be trusted. As a result, it is imperative that all companies start to include in all their RFX documents a section titled “Data Requirements”. Definitions of each data type. Frequency of report all data.

Quality 40

Quality Data Supply Chain Software Analytics Software 40

Elementum

MAY 1, 2018

In a 2017 survey by the Business Continuity Institute (BCI), 65 percent of respondents had experienced at least one supply chain disruption in the last year, with 44 percent of the disruptions occurring at Tier 1. Establish appropriate metrics that correspond with the steps outlined in your contingency plan.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

Locus

DECEMBER 15, 2022

A survey predicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. Other important reasons for incomplete deliveries are missing documentation, incorrect labeling, inaccurate geocoding, and miscommunication. As a result, it increases your warehouse storage and delivery logistics costs.

Real-time Visibility 52

Real-time Visibility Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing 52

Arena Solutions

JUNE 15, 2021

KPIs: Customer call reports or customer satisfaction surveys. Once established, quality objectives should be clearly documented and communicated throughout your organization. A quality manual documents the scope of the QMS. Document Control. Have a proper system in place for document control. Quality Manual.

Resource Reduction 88

Resource Reduction Waste Reduction Six Sigma Policies 88

Precoro

MARCH 31, 2023

In 2022 a survey of over 1,000 US adults revealed that 66 percent of consumers and 80 percent of young adults (ages 18-34) are ready to pay more for sustainable products versus less sustainable competitors. Such a document should include the following: A clear statement that outlines the organization's commitment to sustainable procurement.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

GlobalTranz

OCTOBER 27, 2015

You may want to introduce some checks or surveys throughout the year rather than waiting till the end of the year to find out if you’ve achieved your objective. Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Supply Chain Game Changer

MAY 27, 2022

Use the logo on any digital or paper document to strengthen your brand identity. You can either create Google Surveys or use other tools to help you determine customer satisfaction. This system allows you to store all documentation in one place (logos and other visuals, marketing campaigns, presentations, etc.)

Sourcing Strategies 90

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

Supply Chain Opz

APRIL 13, 2013

According to a survey conduct by the author and his team at UTK, only a handful of respondents had a well documented supply chain strategy. He is also one of the supply chain thought leaders according to a study by SupplyChainOpz. Roadmap to Supply Chain Transformation. What is a supply chain strategy actually?

Supply Chain Transformation 100

Supply Chain Transformation Supply Chain Software Supply Chain Strategy Sourcing Strategies 100

TrackVia

MAY 4, 2023

Connect with colleagues, conduct surveys, and observe daily operations to pinpoint areas where customized solutions can make a significant difference. As you begin to develop proofs of concepts and production applications, document your work, and maintain a repository of reusable components and best practices to streamline future projects.

Resource Reduction 97

Resource Reduction Inventory Management Software Supply Chain Network Software Optimization Software 97

ToolsGroup

APRIL 27, 2022

According to the American Psychological Association’s (APA) 2021 Work and Well-being survey, 71% of Americans feel tense or stressed during the workday. The triggers that cause stress vary from person to person, making it difficult to quantify based on a survey. And plenty of us are feeling that stress at work. Image source: APA.

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

Elementum

MAY 1, 2018

In a 2017 survey by the Business Continuity Institute (BCI), 65 percent of respondents had experienced at least one supply chain disruption in the last year, with 44 percent of the disruptions occurring at Tier 1. Establish appropriate metrics that correspond with the steps outlined in your contingency plan.

Pharmaceutical 60

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 60

Elementum

JANUARY 16, 2024

Software and Tools for Automation There are several different software and tools available for process automation, including workflow orchestration, intelligent document processing (IDP) , and RPA platforms. Xenith provides more information about the advantages of process automation.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78