Remove Eliminating Excel in Purchasing Remove Expense Reduction Remove Inventory
article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

The problem is that the reduction of costs within one function does not necessarily drive value. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. This work was expensive.

article thumbnail

Supply Chain Efficiency: A Deep Dive into the Core Drivers

RFgen

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. Additionally, we’ll discuss best practices for optimization and strategies for balancing efficiency with resilience. Technology integration: Leveraging digital tools to enhance visibility and decision-making.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Make Room for Leadership to Drive S&OP

Supply Chain Shaman

Observations on What It Takes In the Mea Culpa post, I wrote that I used to believe that excellence in S&OP was a ratio of 60/30/10. (60% P&G did not appreciate the work Gilette accomplished on form and function of inventory and using market signals. Do you use market drivers to understand market shifts?

S&OP 393
article thumbnail

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. One example that I’ve seen several times is around inventory targets. There can be multiple reasons.

article thumbnail

8 Warehouse Optimization Tips from Manufacturing Experts

RFgen

By maximizing space utilization, improving inventory control , and boosting workflow efficiency, you can unlock significant cost savings and elevate your customer service game. In this comprehensive guide, we’ll explore the key elements of warehouse optimization and provide actionable strategies you can implement today.

article thumbnail

Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

In a recent research project, we found that 2/3 of companies had a digital supply chain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. I know, a head-scratcher.

article thumbnail

Manufacturing ERP Software Comparison: Guide to Buying in 2025

RFgen

You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. Think of it as the central nervous system of your operation, connecting everything from production planning and inventory control to supply chain management and financial reporting.