The Logistics & Supply Chain Management Society

MAY 28, 2022

Megatrends (Possibly) Shaping Supply Chain Trends: Technology. The trend is fueling large increases in bandwidth demand and changes in communications because of the complexity, diversity and integration of new applications and devices using the network. The emerging tech trends of web3 and metaverse are intertwined.

Supply Chain Software 130

Supply Chain Software Supply Chain Network Software Modeling Software Demand Planning Software 130

SupplyPike

APRIL 7, 2020

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. Collect Ready (i.e. OTIF Compliance Issues: In Full.

Metrics 79

Metrics DC Supply Chain Design Software Shipping 79

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Unleashed

MAY 1, 2023

Here’s an example of how a stock control chart might save you money: You discover that a product is selling faster in winter, and your suppliers are also taking longer to deliver during those months. However, if you’re looking to start tracking the right inventory metrics to review in a stock control chart later, here are the steps.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Unleashed

NOVEMBER 7, 2023

For example, Facebook Marketplace, Google Shopping, and a physical retail shop. Analytics and insights The retailer’s system gathers data from all channels, allowing the business to analyse customer behaviour, preferences, and trends holistically. In this example, omnichannel fulfilment integrates online and in-store shopping.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Insights

JUNE 19, 2017

For this reason, a company shows greater balance if the improvement of one of the metrics does not cause a negative effect on the other. P&G Balance Metrics. reflects a negative trend in Revenue Growth and a slight negative trend in ROIC as well for P&G from 2010 through 2016. P&G Strength Metrics.

Examples 137

Examples Supply Chain Strategy Supply Chain Inventory Reduction 137

Supply Chain Movement

DECEMBER 8, 2014

Supply Chain Metrics That Matter makes this truth clear enough with its thorough analysis of recent multi-industry performance trends. Supply Chain Metrics That Matter was written to guide businesses through the change process with a measurementbased outlook that will help any organization stand the test of time.

Metrics 120

Metrics Supply Chain Design Software Gartner Supply Chain Design 120

Unleashed

MAY 10, 2023

Learn more: Supply Chain Resilience: What it is & How to Boost it Robotic warehousing equipment is a common example of supply chain automation – but not all automations are physical tools. By getting better at collecting data, you’ll be able to learn more about your business, including the complex relationships between various metrics.

Supply Chain Software 52

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

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. View our Trends Category to stay up to speed. . We are all in business to be successful and profitable, aren’t we? Read more. . Read More. . Read More. . PEOPLE make it all happen.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

QAD

FEBRUARY 16, 2021

As the new year unfolds, manufacturers are continuing to learn lessons from 2020’s pandemic and looking for 2021 manufacturing trends. QAD’s Senior Vice President, Consulting and Transformation Services Robin Riordan offered his initial predictions for 2021 manufacturing trends in a recent article for Industry Today.

Trends 98

Trends Supply Chain Software Analytics Software Manufacturing 98

Unleashed

SEPTEMBER 28, 2023

Dead stock examples Dead stock can accumulate due to a variety of causes, from technological advancement and consumer attitudes to global events and seasonality of goods. Here are some common examples of dead stock: Perishable stock that has passed its use-by date, such as fresh produce used in food and beverage production.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

QAD

JULY 1, 2021

Examples of firm overhead: The cost of keeping your equipment running (maintenance, water, electricity, etc.). For example, you may identify that you could trim direct materials costs by substituting a high-cost material or supplier for a more affordable one that does the job just as well. Equipment depreciation.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Unleashed

MARCH 2, 2021

Wearable healthcare works by collecting a user’s wellbeing and fitness data, and creating a personalised database of the user’s health metrics. They work by collecting a user’s wellbeing and fitness data, and creating a personalised database of the user’s health metrics. Consumer trends in wearable health tech.

Trends 98

Trends Procurement Analytics Supply Chain Design Software Demand Planning Software 98

QAD

MARCH 28, 2019

For example, if you consistently backorder items or deliver them late, customers will eventually become angry. Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Choosing Metrics. Meeting Customer Expectations.

Customer Service 80

Customer Service Metrics Forecasting Forecasting Software 80

Enterra Insights

MARCH 30, 2022

For example, in the early stages of the pandemic, consumers bought many more cleaning products and shelf-stable foodstuffs than normal. Retailers need to consider a multitude of metrics, including the role of the category in the store and across channels from the shopper’s point of view (do shoppers see it as a convenience or a necessity?),

Trends 130

Trends Procurement Analytics Inventory Reduction Cost Reduction Strategies 130

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In terms of metrics, compared to traditional polyester yarn manufacturing, Greenspun requires 20% less water, uses 50% less energy, and produces 55% fewer carbon emissions. But as she pointed out, there has been a strong move to counter COVID-19’s effects and restrictions by using technology.

Supply Chain Software 231

Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software Demand Planning Software 231

GlobalTranz

FEBRUARY 9, 2017

Current industrial manufacturing trends show the new administration is pushing for reshoring among the nation’s biggest manufacturers, and new technologies are revolutionizing how companies respond to growing skepticism and scrutiny by the public and government oversight as well. The "First Five" Industrial Manufacturing Trends of 2017.

Supply Chain Planning Software 120

Supply Chain Planning Software Demand Planning Software Trends Logistics Network Optimization Software 120

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

JULY 25, 2021

Reversing The Trend. How do we reverse the trend? While the input from sales on market trends is invaluable, sales should never be asked to forecast. The Focus Inside-out Supported by Functional Metrics. Instead, the path requires a redefinition of process, metrics, and capabilities. The reason? Winners Over Time.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Enterra Insights

JANUARY 14, 2019

Retail trends. Omnichannel may not be one of the sexiest digital transformation trends in retail — but it is definitely the most necessary.”[3]. Though this can be done in-store, it is much easier to track customer behavior on the internet because we can analyze more customers and more metrics. ”[3]. ”[6].

Trends 100

Trends Retail Predictive Analytics Software Supply Chain Software 100

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

Unleashed

SEPTEMBER 22, 2019

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. For example, if 100 orders were received and 95 of them were delivered accurately, in totality and at the right time, then the DIFOT value is 95%. Your supply chain is the very lifeblood of your business.

Metrics 61

Metrics Supply Chain Design Software Inventory Management Software Forecasting Software 61

Silvon Software

APRIL 18, 2024

For example, recognizing that two different terms in separate datasets actually refer to the same concept (e.g., “DOB” Here are some examples: SALES Customer Segmentation and Targeting Analytics tools can segment customers based on their buying behavior, demographic data, and engagement levels. DOB” and “Date of Birth”).

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. These metrics should align with your organization’s objectives and priorities.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

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. Consumer Goods.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Resilinc

AUGUST 24, 2021

Like logistics and shipping automation , this trend is still in its early days, but it’s worthwhile taking a look at what’s coming down the pike, so to speak. The key metric to watch is grams of carbon-dioxide (CO2) per ton-mile, or how much CO2 a truck emits for every ton of freight it moves one mile.

Trends 62

Trends Waste Reduction Cost Reduction Strategies Supply Chain Software 62

GlobalTranz

FEBRUARY 6, 2017

Aside from the new administration, Amazon’s supply chain continued push deeper into new and existing markets will define additional trends in the supply chain throughout the coming year. Fortunately, these five trends may alleviate some of the strains of competition by giving supply chain partners an advantage in the global market.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Globalization, nearshoring and friendshoring trends are amplifying the supply chain risks. Table 1 describes a few examples of these types of risks. These risks are low probability and high impact.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 231

Intelligent Audit

DECEMBER 20, 2021

This is just one of the supply chain trends highlighted in a recent article by SupplyChainBrain that points out that most supply chain-related organizations “developed the ability to rapidly adapt business models and supply chain ecosystems to live with a high degree of volatility and disruption.

Supply Chain Planning Software 52

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

Logility

AUGUST 25, 2020

Maybe, but what is certainly clear from the examples is that the complexity of modern supply chains requires better visibility into every phase of production and distribution. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. SCOR Attribute. Description.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Logility

JUNE 23, 2023

It’s not just about what happened in the past but also includes current factors like market trends, promotions, and even the weather. Let’s consider a simple example—daily sales of ice cream. A traditional forecasting model might look at last year’s sales metrics to predict this year’s.

Forecasting 192

Forecasting Forecasting Software Modeling Predictive Analytics Software 192

ToolsGroup

DECEMBER 16, 2021

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach. Take, for example, a product that sells like hotcakes. That’s only one example.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Synovos

OCTOBER 30, 2023

It means, for example, that the initial focus on piece-price savings changes as the price ceiling is gradually lowered. It meant that things like lead time, long-term usage trends, criticality (even when the client didn’t have a list of critical spares), and other variables had to be considered.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. For example, let’s say you report an OTIF rate of 95%.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. The United States, for example, wastes about 40% of their food , amounting to about 125 to 160 billion pounds—much of which is perfectly edible. To learn more about future food trends, download our ebook here.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

Supply Chain Shaman

SEPTEMBER 4, 2017

We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. In addition, we enriched the data lake with 20 market indexes on cost, growth and market trends. Shown in Figure 1 is an example of resiliency.

Supply Chain Planning Software 169

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 169