Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Alloy

SEPTEMBER 3, 2019

It’s a very useful number that can itself signal action needs to be taken, such as if Units on Hand drops to zero, indicating a location is out-of-stock and additional product should be ordered or shipped. It’s calculated by dividing Retailer COGS by the average inventory on hand during the period. Gross Margin Return on Investment (GMROI).

Forecasting 40

Forecasting Forecasting Software Alloy Retail 40

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. Delivery metrics can vary in terminologies, measurement methods, and variables from one company to the next.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Logility

APRIL 15, 2020

While extremely valuable, any reputation forecasting has can quickly be tarnished by bad experiences. A more fundamental issue is knowing what business problems forecasting can address. Outlined below are five of the best use cases for forecasting based on dozens of projects our customers have executed with our technologies.

Forecasting 248

Forecasting Forecasting Software Predictive Analytics Software Demand Planning Software 248

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. Why is OTIF an important supply chain management metric?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Logistics Viewpoints

FEBRUARY 2, 2024

percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5 And now on to this week’s logistics news.

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. WMS failure causes Adidas to under ship by 20%. SCOR Level 1 Metrics are good examples of measures that have longer-ranging focus.

Supply Chain Planning Software 173

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

QAD

JULY 1, 2021

Maybe you could reduce shipping costs by making more bulk purchases or buying more locally. Better forecasting can drastically cut costs. Improving communication between departments and comparing metrics across them. Maybe you could reduce shipping costs by making more bulk purchases or buying more locally.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

Supply Chain Shaman

FEBRUARY 18, 2021

More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. Dwell times grow as more and more ships sit in the ocean waiting to unload. Watermelon Metrics Don’t Drive The Right Results.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Logistics Viewpoints

JUNE 19, 2023

It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting. In dynamic slotting, goods for which there is high demand are located nearer to the shipping docks to minimize travel. Sometimes the right place for inventory isn’t in the storage slots in the warehouse.

Supply Chain Design Software 237

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 237

ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Logistics Viewpoints

SEPTEMBER 20, 2022

In this version, there’s no automation around managing promotions, so demand planners need to get involved in adjusting the forecasts for promotions. In parallel, the platform is launched with a smaller planning team and without demand planners reviewing forecasts. Step 4 – Closing the Loop and Getting Real-time Visibility.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194

ToolsGroup

JANUARY 22, 2020

Sales might have promised better sales, a buyer might have been stung in the past by an out-of-stock and over compensated, a miss-ship of the vendor might have happened and the warehouse didn’t notify the planner, or consumer behavior might have changed and wasn’t noticed until the days of supply threshold was crossed on a BI report.

Optimization Software 199

Optimization Software Inventory Reduction Forecasting Software Supply Chain Planning Software 199

Logistics Viewpoints

FEBRUARY 21, 2022

The key solutions are demand forecasting/inventory optimization, supply planning, and network design. A planner could ask the SCP engine to achieve 95% service, with CO2 emissions under of under a million metric tons at a given factory in the coming month. Here the savings are based on transportation and facility cost savings.

Supply Chain Planning Software 257

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 257

Demand Solutions

DECEMBER 30, 2014

Relatively few companies have adequate measures of order fill rates or forecast accuracy. And let’s say that we have seven line items in stock and can ship them complete. To fill the 8th line item complete we had to ship the product from a DC across the country. Finally, we had to ship the 10th line item two units short.

Forecasting 190

Forecasting Supply Chain Planning Supply and Demand Scenario Planning 190

Elementum

SEPTEMBER 6, 2022

Accurate planning, what-if scenario forecasting, and an awareness of alternative materials are all tactics that can contribute to identifying a satisfactory outcome to supply chain challenges. With a growing requirement for raw materials and consumer goods, insufficient shipping capacity exacerbated cost increases.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Logistics Viewpoints

JUNE 1, 2023

Consumers have gotten used to ordering more than what they are planning to keep for trying on different sizes of clothing or shoes or for trying a new brand and shipping the returns for free. Shipping items back and forth creates needless greenhouse gas emissions, and only 54% of all packaging gets recycled. Asena holds B.S.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Forecast Demand?with?Analytics. a shipment?doesn’t OTR transportation optimization?is

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

GlobalTranz

MAY 24, 2016

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. Contract negotiation is becoming a major factor in shipping. Access to Intermodal Shipping Options. Reduced Training Costs.

Purchasing Training 137

Purchasing Training Negotiating Skills Supply Chain Design Software Forecasting Software 137

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

ShipBob

JULY 2, 2021

Demand forecasting. Tech-enabled demand forecasting has shown to reduce supply chain errors by 30 to 50%. With inaccurate forecasting, it’s easy to lose out on sales due to inaccurate inventory data, which leads to understocking or overstocking issues that result in lost profits. . Forecasting future demand.

Supply Chain Planning Software 98

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

QAD

NOVEMBER 8, 2022

Implementing digital demand planning and forecasting solutions. End-to-end transparency relates to internal and external data sources to identify leading lagging metrics in such areas as data security, operations, organizational maturity and compliance. Implementing Digital Demand Planning and Forecasting Solutions.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

SCMDOJO

MARCH 19, 2024

Analyze performance metrics and implement improvements to enhance efficiency. To run the department, a supply chain manager needs certain supply chain metrics and KPIs to improve performance. Materials Planner Forecasts material needs based on production plans and sales forecasts. Enroll Now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

AUGUST 7, 2019

Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. Let’s take an example.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Unleashed

JUNE 7, 2023

The inventory optimisation process “After three years of pandemic disruption and economic volatility, sharpening demand forecasts and inventory planning across industries seems both as imperative and challenging as it has ever been.” Demand forecasting software. Let’s explore some key inventory optimisation techniques in depth.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. What is demand planning?

Supply and Demand 52

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

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. Suppliers are also seeing issues with shipping companies being overwhelmed. You should also check your event forecast frequently, multiple times per week preferably.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

Intelligent Audit

DECEMBER 8, 2020

However, not all shipping analytics tools are created equally. As technology advances, companies must consider multiple potential features, platforms, and companies when choosing and applying shipping analytics capabilities across modes, multi-site locations, and more. Creation of Performance Metrics. Data Normalization.

Analytics Software 52

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

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Logistics Viewpoints

NOVEMBER 23, 2020

All of those stockouts were extremely small; Ipsen’s metrics counts a stock out for any product not immediately available in any nation, even if typical monthly sales are just a few units. The company now knows, because of this system, that 55 percent of near misses are driven by forecast errors.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

ToolsGroup

DECEMBER 16, 2021

Examples include: Using sophisticated forecasting and replenishment algorithms to buy and allocate just the right quantity of merchandise, and avoid keeping extra stock on the shelves. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them. How to implement a lean retail strategy.

Agile and Lean Supply Chain 156

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

Intelligent Audit

DECEMBER 29, 2021

Understanding the state of holiday shipping and learnings for the next peak season means realizing that rates are always going to jump-start near Halloween. Any conversation about the state of holiday shipping would be incomplete without discussing ocean freight congestion and shortages. Ocean Freight Shortages Abound.

Shipping 52

Shipping Los Angeles Houston New York 52