GlobalTranz

NOVEMBER 12, 2015

Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. However, you must exercise caution to make sure you do not damage your vendor-shipper relationship. Metrics and KPIs.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

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 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

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

QAD

AUGUST 26, 2021

Means Manufacturing in Transition”, QAD’s Glenn Graney, director for the Industrial and High Tech markets, reflects on artificial intelligence: “Artificial Intelligence (AI) is already transitioning from an academic exercise to an impactful business proposition. In his white paper , “ No Matter What You Call It: Industry 4.0

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 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. Warehouse and labor management. When the new plan is defined, it’s automatically and instantly communicated downstream to key stakeholders.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 82

Unleashed

NOVEMBER 20, 2023

Being able to get traceability on the material, understand when the available dates are and whether it’s in the warehouse, whether it’s due or not … these are all the big things for us that create bottlenecks.” He offers this example: “[One of our clients has] a sizable warehouse, lots of SKUs, and a very good warehouse manager.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

Enterra Insights

JUNE 6, 2023

” Cognitive technology solutions, like the Enterra Global Insights and Decision Superiority System ( EGIDS ), can help companies perform important “what-if” exercises to help them anticipate and plan for the future. Often, departmental planning functions are disconnected from one another and may have conflicting goals.

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

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

Talking Logistics

JANUARY 11, 2019

Moving on, here’s the supply chain and logistics news that caught my attention this week: Amazon to invest in French firm’s technology for self-driving forklifts (Reuters) Warehouses Test a New Breed of AI Robots (WSJ – sub. Robots in the Warehouse. Finds a Faulty Shipping Safety Net for Brexit (WSJ – sub.

Logistics Network Optimization Software 101

Logistics Network Optimization Software Predictive Analytics Software Supply Chain Software Optimization Software 101

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. So here it is—your ultimate guide to warehouse product slotting. Slotting is the assignation of specific warehouse SKUs to discrete locations in the warehouse.

Warehousing 76

Warehousing Inventory Reduction Cost Reduction Strategies Resource Reduction 76

Unleashed

FEBRUARY 1, 2023

The data should be enough to show a clear picture of customer demands over time, availability of products, ability to warehouse inventory and safety stock, turnover rates, and an understanding of how promotions or market changes influence changing demand. Actual sales vs forecasts This metric is also known as ‘forecast error’.

Supply and Demand 52

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

Logistics Bureau

NOVEMBER 8, 2021

Instead, we’re going to look at KPI characteristics and the relationship between different metrics to help you identify KPIs that are “right” for your company’s situation and circumstances. The Right KPI Mix: Cost and Service-Centric Metrics. The Right KPIs Are Metrics You Can Act Upon.

Benchmarking 67

Benchmarking KPI Supply Chain Strategy Supply Chain Software 67

Supply Chain Shaman

DECEMBER 10, 2018

When I became a warehouse leader at Clorox to manage bleach and salad dressing in the same warehouse facility, I struggled with the marked difference of the rhythms and cycles of the products being managed in and out of the same warehouse facility. We spoke of this during the strategy day. The Process Starts with Strategy.

Inventory Reduction 167

Inventory Reduction Cost Reduction Strategies Waste Reduction Material Savings 167

crisp

SEPTEMBER 6, 2023

Environmental Protection Agency (EPA) mandated annual greenhouse gas emissions (GHG) reporting for organizations emitting over 25,000 metric tons of GHGs per year, and those in specific industries like vehicle manufacturing and industrial gas. This allows for easy retrieval and analysis alongside other business metrics.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

DynaSys

JANUARY 19, 2022

Promotion Planning success depends upon: When embarking on a promotions planning exercise, there are several dimensions of the planning process that should be considered. The correct metric to measure promotions activity depends on the promotions strategy. It all starts with a comprehensive promotion plan.

Supply Chain Planning 52

Supply Chain Planning Scenario Planning Supply and Demand Material Savings 52

Logistics Bureau

OCTOBER 19, 2020

The performance measurement pillar, which is the one used for benchmarking, is essentially a hierarchy of key performance indicators (KPIs), comprising more than 150 metrics organised into two levels. Good Data is Key to Success with SCOR. Sometimes it’s Good to Look Inward Too. 3 Good Reasons to Start With Internal Benchmarking.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

Logistics Bureau

JULY 18, 2022

Warehouse facilities and proximity. 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. Warehouse management systems (WMS). Delivery service levels.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Logistics Bureau

OCTOBER 12, 2020

In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.

Supply Chain Strategy 52

Supply Chain Strategy KPI Material Savings Supply Chain Planning 52

Unleashed

FEBRUARY 28, 2021

It’s a combination that provides real-time inventory tracking, from purchase to warehousing through to the sale and delivery of products. Include metrics to measure success, like the accuracy of demand forecasting, revenue growth, and customer experience. Communication (and onboarding) is key.

Supply Chain Planning Software 98

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

Supply Chain Opz

AUGUST 2, 2018

While on the surface it is true to say that in most organizations inventory is a highly visible dimension of Supply Chain performance impacting company accounts and a key reportable metric of business performance. This involves getting the buy in and validation of planners who need to own the operational delivery.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 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 85

Expense Reduction Material Savings Inventory Reduction Price Reduction 85

Talking Logistics

APRIL 27, 2016

The most common goals of supply chain visibility include the following, but as your company completes this exercise, be sure to include quantifiable metrics: Reduce business and supply chain risk. Consider the ways rich data collection can help shape your supply chain towards lower cost and optimal performance.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 100

SCMDOJO

JULY 3, 2023

Take into account elements like the length of the course, the mode of delivery (in-person, online, or mixed), the presence of interactive exercises or case studies, and the availability of opportunities for hands-on practice. Effective learning requires a well-structured curriculum that has a healthy mix of theory and practical practice.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Logistics Bureau

SEPTEMBER 25, 2016

It will also show you the metrics at which those companies excel along with their actual results, giving you the ability to set a new, higher target. By doing so, you will be able to identify metrics highlighting where and how the best supply chains excel, and use those same metrics to measure your own supply chain improvement.

Benchmarking 40

Benchmarking Supply Chain Planning Agile and Lean Supply Chain Supply Chain Strategy 40

BlueYonder

NOVEMBER 15, 2017

Being in the military also formed Rebecca’s passion for exercising and running. RT: I was commissioned back in 1998, so when I went into the military Excel spreadsheets were still being used and there wasn’t automation within the warehouse yet. I also established best of class practices to organize our warehouses and systems.

Military 41

Military Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software 41

BlueYonder

NOVEMBER 15, 2017

Being in the military also formed Rebecca’s passion for exercising and running. RT: I was commissioned back in 1998, so when I went into the military Excel spreadsheets were still being used and there wasn’t automation within the warehouse yet. I also established best of class practices to organize our warehouses and systems.

Military 40

Military Logistics Network Optimization Software Supply Chain Software Supply Chain Planning Software 40

Logility

APRIL 15, 2020

For many companies, the annual forecasting cycle can be a huge exercise that carries a lot of time, resource and risk. Creating a system to capture these metrics means they are available at any time – eliminating the need for the strenuous annual budget preparation exercise. Prediction. Long-range planning and annual budgeting.

Forecasting 248

Forecasting Forecasting Software Predictive Analytics Software Demand Planning Software 248

Supply Chain Game Changer

JANUARY 12, 2021

A partial, but in no way complete, list of areas that could be vulnerable to scams and fraud include: The Procurement bidding process and business awards Supplier legitimacy Supplier selection Costing Pricing False commitments Stock rooms, warehouses and any inventory holding points High value goods High market demand goods Trucking, shipping and goods (..)

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 57

RFgen

DECEMBER 8, 2015

Managers must have a complete overview of warehouse operations, suppliers, shipping partners or fleets and consumer feedback. Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Weather data is important in supply chain planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

RFgen

DECEMBER 8, 2015

Managers must have a complete overview of warehouse operations, suppliers, shipping partners or fleets and consumer feedback. Including seasonal factors like rain, snow and temperature into other consumer metrics allowed companies to improve anticipation of demand. Weather data is important in supply chain planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Data 52

Logistics Bureau

SEPTEMBER 4, 2023

Even if your profit margins are not noticeably declining, would you be happy to know that orders are leaving your warehouse without making you a penny in profit? If you haven’t done a segmentation exercise, that would be a positive first step towards understanding customer profitability. I’d wager not.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

HICX Solutions

AUGUST 11, 2021

As Ramit describes, “Procurement teams really went out aggressively looking for more available suppliers,” adding, “Another example would be in the warehouse network,” with ramifications of materials being shipped to potentially closed locations needing to be dealt with. Other areas now in the spotlight include resilience and logistics.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Intelligent Audit

OCTOBER 27, 2022

Analytics is an inherently scientific exercise, requiring a certain degree of training and expertise. This prevents a company from either wasting money and warehouse space on merchandise that isn’t needed or falling short and losing sales. In short, do not restrict big data analysis to siloes. Order Fulfillment and Real-Time Tracking.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

NC State SCRC

JUNE 27, 2017

While this can be an interesting exercise, it oftens fails to answer the direct of question “how should the procurement process be improved?” Note our earlier comment that the types of metrics being used to assess procurement at each stage are indeed a characteristic of how far along the organization is in its transformation!)

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logistics Bureau

DECEMBER 18, 2017

These responsibilities extend across functions and when properly exercised, comprise supply, demand, distribution, production, purchasing and capacity planning. Inventory planning metrics and KPIs: You should be able to quantify the performance of systems, processes, and people involved in inventory planning. Days sales of inventory.

Supply Chain Planning Software 40

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

6 River Systems

JUNE 29, 2020

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. . ’ “For example, supply chain leaders and their teams can conduct a scenario planning exercise and develop action plans.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. Inventory Management in the Warehouse. Warehouse Layout. Some businesses overlook just how important their supply chain is to customer satisfaction.

Supply Chain Design Software 40

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