Logistics Viewpoints

APRIL 11, 2024

Historically these roles are siloed, focused on their own functional metrics. Planning together allows companies to reduce excess inventory that builds up when they plan sequentially. Too often forecasting is an exercise is done by a demand planner, who tosses it over the fence to someone else to fulfill.

Pharmaceutical 312

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 312

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Logistics Viewpoints

JUNE 26, 2023

The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. This exercise was previously a cumbersome manual exercise done on a weekly basis for the top 45 stock keeping units (SKUs). This visibility is key to both the root cause analysis and the inventory rebalancing.

Supply Chain Planning Software 210

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 210

Logistics Viewpoints

JUNE 28, 2024

The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 The information the companies gather could, for example, allow managers to receive information about unexpected frost harming cherry production or information about harvesting delays, which could result in inventory changes.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 283

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

DELMIA Quintiq

NOVEMBER 6, 2019

Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies?

Supply Chain Design Software 149

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 149

RFgen

MARCH 10, 2025

The problem lies in effectively balancing inventory across the supply chain. When demand surges, inventory needs to rise, and vice-versa. However, as we’ve seen in recent years, predicting these shifts and adjusting inventory accordingly is far from simple.

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 52

Logistics Bureau

DECEMBER 6, 2024

This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. Speed will be an important factor.

Reverse Logistics 74

Reverse Logistics Logistics Network Optimization Software Vendor Strategies Cost Reduction Strategies 74

Supply Chain Game Changer

OCTOBER 11, 2022

For instance, the quality of inventory storage and manufacturing efficiency impact delivery lead times. More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. The benefits of this exercise are enormous. Contingency Planning.

Optimal Sourcing 95

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 95

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 132

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 132

Logistics Bureau

APRIL 19, 2021

If you’ve never done a benchmarking exercise before, read on. What would be the key number, or metric that you would need to know? This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business. The Benefits of Benchmarking. Formal Benchmarking.

Benchmarking 76

Benchmarking Supply Chain Performance Supply Chain Exercises 76

QAD

MAY 22, 2025

In addition, you need to periodically repeat this exercise. One critical component is aligning production planning and inventory with demand. This will allow you to better predict future demand and modify your production and inventory strategies to match. Accurate demand planning is crucial for profitability.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Price Reduction Waste Reduction 52

6 River Systems

OCTOBER 19, 2020

Planning and organizing inventory is a vital facet of warehouse logistics. Mapping your warehouse Mapping a warehouse is an essential exercise for determining what goes where and how operations are handled. Shrinkage Shrinkage refers to the percentage of inventory that is recorded but not physically present.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

SCMDOJO

JUNE 11, 2024

Actionable Tools and Templates: However, learners gain access to a valuable toolkit of templates, checklists, and frameworks that can be immediately applied in their workplaces such as inventory optimization tools. Watch 6 Key Metrics to Include in Your Logistics Dashboard on SCMDOJO YouTube Channel!

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

Jaggaer

MAY 8, 2025

Finance became more powerful with the evolution of the global supply chain, but they tend to lack the knowledge needed to exercise this power. In many organizations we are still in thrall to the almighty finance department.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. You don’t necessarily need to use all the following metrics in your procurement department. 7 Procurement KPIs You Should be Using.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Kinaxis

FEBRUARY 5, 2015

Persistent planning biases can tie up cash by driving excess inventory. This exercise is important because it will help supply chain leaders understand exactly where planning is necessary and how to drive exceptional performance in their supply chain operations. Demand planning has a big impact on business performance.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

Supply Chain Game Changer

MAY 5, 2020

Within each of these two flows there should be a small number of high impact business processes or metrics that you need to address, holistically, in order to make meaningful and significant improvements in your cash position. If you are looking to improve dozens of processes and metrics you will get stuck in the weeds.

Expense Reduction 104

Expense Reduction Material Savings Inventory Reduction Price Reduction 104

Unleashed

FEBRUARY 28, 2021

Cloud-based systems offer a cost-effective way to manage and monitor suppliers, inventory and more. Unleashed Software and accounting software firm Xero have a plug-and-play integration that allows you to manage the entirety of a business’s inventory and accounting processes. Cloud-based software. A mobile sales app.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 98

Supply Chain Game Changer

SEPTEMBER 12, 2022

But the more intellectual exercise is to figure out what happened to create those problems in the first place. The Supply Chain Detective and the Inventory Turnover Mystery! But as I crawled into the details I learned that they only had 5-6 inventory turns. The Supply Chain Detective and the Inventory Turnover Mystery!

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Supply Chain S&OP 96

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets.

Optimal Sourcing 130

Optimal Sourcing Procurement Freight Sourcing Strategies 130

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

Precoro

JUNE 3, 2025

Include: Objectives and success metrics Preferred supplier profile or sourcing model Key risks and mitigation actions Stakeholder roles Timeline and next steps The more clearly you document and communicate your strategy, the smoother the execution phase will be. The result is fewer rush orders, smaller inventories, and lower total costs.

Manufacturing Procurement 45

Manufacturing Procurement Procurement Analytics Procurement Solutions Material Savings 45

BlueYonder

OCTOBER 13, 2022

It’s also hardly a revelation that retailers have responded by rethinking their strategies around inventory management and fulfillment options. CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share.

Sourcing Strategies 98

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 98

Supply Chain Game Changer

JANUARY 12, 2021

Preventive and Protective Steps. Someone who is really motivated to commit fraud or a scam will go to tremendous lengths to commit that crime. It is incumbent upon Supply Chain professionals to take proactive steps to mitigate if not eliminate any opportunity for these criminals to succeed in their endeavours.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 75

Logistics Bureau

JULY 18, 2022

Inventory levels. The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. Inventory optimization software. Vendor-managed inventory or replenishment.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 98

BlueYonder

NOVEMBER 15, 2021

At that point, managers likely engage in narrowly focused manual replanning exercises that only consider the outcomes for their own function, instead of the entire supply chain. Fed by real-time data, AI-enabled decision engines automatically weigh the cost and service trade-offs of each option.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 98

DiManEx

JUNE 5, 2019

OEMs, for example, are typically required to keep spare and repair parts in their inventory, but having excess stock results in unnecessary costs. It also makes it easier to identify the metrics you want to improve and understand the foundation you need to build in order to scale. Not to mention the environmental toll of scrapping.

Pricing Training 70

Pricing Training Vendor Strategies Material Savings Resource Reduction 70

DynaSys

JUNE 16, 2021

The biggest challenge in any scenario planning exercise is access to accurate data. Stakeholders must agree on the list of metrics that will be used to compare scenarios. They should also agree on the relative weighting given to each metric. Often this process is iterative as updates are received.

Scenario Planning 52

Scenario Planning Supply Chain Planning Software Supply Chain Planning Comparison 52

Logistics Bureau

OCTOBER 10, 2024

If you’d like to implement an effective slotting strategy and process in your warehouse without diverting your resources from the day-to-day operation, our inventory management consultants will be pleased to take on the task and help you achieve the above benefits. Placing the B-lines, followed by the C-lines, further back and higher up.

Warehousing 74

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 74

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

BlueYonder

MARCH 22, 2017

The fact is omni-channel digitization is a far more profound exercise, which needs careful understanding of all the areas affected by any change in one area. The first step in this is clear visibility of inventory across channels. Crawl – Walk – Run. The important thing is not to develop a single area independently.

Supply Chain Planning Software 71

Supply Chain Planning Software Modeling Supply Chain Design Software Procurement Analytics 71

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ThroughPut

AUGUST 24, 2021

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems, such as – Trouble Managing Capacity : With high peaks and troughs in demand for goods, capacity management has become a key concern. Excess Inventori es : Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

DynaSys

SEPTEMBER 22, 2021

And this is only one metric where you could be doing a lot better. You’re also dealing with excessive inventory for some items while facing stock outs for others. The CFO has been asking why inventory holdings keep creeping higher while customer satisfaction is dropping. Congratulations! Good luck with your search!

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Demand Planning Software Optimization Software 52

Logistics Bureau

SEPTEMBER 4, 2023

Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins. If you haven’t done a segmentation exercise, that would be a positive first step towards understanding customer profitability.

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 98