SYSPRO Smarter ERP

NOVEMBER 3, 2021

The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. can be measured to define this metric. This metric will require investigation of specific processes and functions in order to uncover underlying issues.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

TMC

NOVEMBER 18, 2015

Examples of the latter include a latent product defect that wreaks reputational damage, or a cyber bug that steals company secrets. For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

For example, some of our warehouses around the world produce more energy than they consume, using solar panels, wind power, LED technology and efficient equipment. To help our customers keep track and make informed decisions about their freight transportation options, we have developed “ a logistics eco-calculator” hosted on our website.

Supply Chain Planning Software 242

Supply Chain Planning Software Resource Reduction Global Supply Chain Software 242

ShipBob

APRIL 26, 2023

It involves all the activities related to the sourcing and transportation of raw materials needed in the manufacturing process. For example, there’s a shortage of wheat and oil supplies due to trade disruptions in the region. Each day of the blockage cost anywhere between $14 million and $15 million in lost revenue.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

BlueYonder

JANUARY 24, 2023

Can we get the supplies from an alternate source? Can we use premium freight? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we expedite?

Automotive 70

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 70

QAD

FEBRUARY 7, 2023

This requires establishing KPIs and specific metrics of success to assess performance against. Less price volatility: When you have a good, healthy relationship with a supplier, you can work together to minimize commodity prices, exchanging fixed prices for a longer contract term, for example.

Price Reduction 98

Price Reduction Material Savings Inventory Reduction Vendor Strategies 98

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Of course, that’s possible only if a company can visualize the full movement of freight and know when it makes sense, financially and strategically, to take those steps.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

SCMDOJO

JULY 3, 2023

It goes beyond the concepts found in textbooks by providing real-world examples and useful advice. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Procurement and Purchasing Cycle Lesson 7.

Purchasing Training 83

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 83

Arkieva

AUGUST 8, 2016

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Source: Commerce Dept.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? . His findings?

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Supply Chain Game Changer

AUGUST 21, 2022

Thus, logistics for a retailer begins at the source of the goods and extends to their final destination – the brick-and-mortar store. In order to measure the efficiency of your supply chain, companies must track certain metrics. Metrics help to prioritize activities and improve processes.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

GlobalTranz

APRIL 12, 2017

It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For example, provide direction for each vendor that comes from a specific area. An inbound vendor routing guide is comparable the beating heart of your operation. Start Where Shipments Begin.

Vendor Strategies 121

Vendor Strategies Cost Reduction Strategies Price Reduction Modeling Software 121

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Let’s talk about how you calculate the reorder point for your products (with some examples) and how you can use it in your business. Example 1: Becky’s bakery.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

Unleashed

MAY 1, 2023

The guy that might be replacing or adding to his surfboard quiver on a yearly basis might choose to skip a year, for example.” Protecting profit margins from ALC inflation ALC (Average Landed Cost) is a crucial metric in demand forecasting and inventory valuation. The main contributing factor to that was the cost of freight.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Unleashed

MARCH 23, 2021

Materials management involves the sourcing, procurement, storage and utilisation of direct or indirect materials (see below) used in the manufacturing process. For example, flour for bread, wood for furniture, hops for beer. The main responsibility of a materials manager is to source the right goods at a reasonable price.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

ThroughPut

FEBRUARY 23, 2024

Even as some supply chains are struggling to harness the power of AI for multiple reasons , some others are already setting great examples. Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. The solution?

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Stord

APRIL 7, 2019

Rail freight volumes continued to fall at the end of March alongside service outages due to flooding in the Midwest. For example, Kansas City Southern has accepted trains from other lines that it usually wouldn’t have to accommodate. Delta reported a dip in air cargo freight last month compared to March of 2018.

Warehousing 60

Warehousing Kansas City Los Angeles New York City 60

Supply Chain Network

APRIL 5, 2018

Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). o AIS Messages API – Modern RESTful endpoint to keep up with the live feed.

Predictive Analytics 79

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 79

Talking Logistics

MAY 22, 2018

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. Digital Freight. Blockchain.

Supply Chain Planning Software 121

Supply Chain Planning Software Estonia Logistics Network Optimization Software Predictive Analytics Software 121

Resilinc

MARCH 30, 2021

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. The chart below shows five of the top sources of ROI from an SCRM, including event-related savings and ongoing sources of value. Team efficiencies.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

TMC

JANUARY 14, 2016

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. Off-target targets.

Analysis 54

Analysis Analytics Software Supply Chain Planning Software Sourcing Strategies 54

Intelligent Audit

OCTOBER 12, 2022

Annually, container ships contribute approximately one billion metric tons of carbon dioxide. Examples include vehicles, which are mobile emissions, and manufacturing, which fall under process emissions. Examples include transportation, waste generated by your company and items you bought for operations, to name a few.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

TMC

SEPTEMBER 1, 2016

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. Off-target targets.

Analysis 48

Analysis Analytics Software Sourcing Strategies Supply Chain Planning Software 48

Locus

DECEMBER 16, 2021

As supply chain disruptions overstay their time, unexpected pressures on freights and port terminals, price hikes, new trade agreements and regulation compliances could all become the new logistical normal for the fashion industry. Sources: [link] [link] [link] [link]. Get in touch with us for a quick tour of our solutions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 52

GlobalTranz

MAY 4, 2016

However, if you know what critical freight management KPIs or key performance indicators to track, you can know exactly how to change processes to decrease costs, which will result in savings for the end user. Federal Power Over Freight Management KPIs. This freight management KPIs measures a broad scale of maintenance as well.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Enterra Insights

APRIL 8, 2019

We have established business metrics and we love to quantify our business strategies. In a letter to the ruler of Milan listing his strengths, sent in the early 1480s, Leonardo mentioned 10 different skills — designing bridges, tunnels, chariots, and catapults, for example — before adding at the end that he could also paint.”[4].

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 100

Talking Logistics

DECEMBER 4, 2017

For example, I learned that there’s a difference between cement and concrete, even though many people use the terms interchangeably. Back to the main conference, I gave a keynote presentation titled “Keep Your Breadcrumbs Behind My GeoFence: Why Fleet & Freight Visibility Matters.”. Why the increased attention and demand?

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

Cathy Roberson

APRIL 6, 2022

But I’ll throw out “who are my vendors’ vendors” as an example of something that’s typically intentionally opaque for proprietary reasons, not technical, and can have a big impact on my business.” E2E, esp critical upstream where the supply of supply chains begin, must start with the #PO.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Freightos

FEBRUARY 4, 2020

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. Prices for everything and anything are subject to change and freight rates for containers are no different.

Optimal Sourcing 240

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 240

IQMS

OCTOBER 18, 2019

The example below shows how a wide spectrum is being used to accomplish demand forecasting, and Lennox is using machine learning today. Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., no opt-in). 15th, 2017 (PDF., no opt-in). no opt-in). no opt-in).

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

BlueYonder

JANUARY 31, 2023

organizations are increasingly looking to redesign their network, reconfigure their global and regional supply chain flows, and source critical components from local suppliers as opposed to just purely relying on an offshoring-based model. Based on the disruptive events that we are seeing – from tariffs, NAFTA, Brexit, COVID-19, etc.

Automotive 88

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 88

Supply Chain Game Changer

MARCH 23, 2021

These jobs reach far and wide, touching virtually every business process, most metrics, and all functional areas. In this article we’ve given a few examples of this analogy in action. Let us know what other examples you see of the Supply Chain Workload iceberg! Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Negotiating Skills 64

Intelligent Audit

AUGUST 26, 2021

Their strength rests in how shippers leverage technology and how they apply the data from myriad data sources to make sense of what’s happening and how it all affects transportation spend. The first thing to know in the digital age of freight audit and payment best practices is the importance of the digital twin.

Freight 52

Freight Analytics Software Demand Planning Software Logistics Network Optimization Software 52

Unleashed

JANUARY 14, 2024

For example, a pull strategy may require more inventory to meet unpredictable demand, while a push strategy may require less inventory to avoid overstocking. Raw materials Raw materials inventory is the basic inputs used to produce finished goods and one of the biggest sources of inventory waste in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52