Remove Freight Remove Inventory Remove Metrics Remove Supplier Management
article thumbnail

Integrated Supplier Management: Plan, Execute and Adapt

QAD

Integrated Supplier Management is a must – manufacturers are still dealing with the effects of the global chip shortage, the Suez Canal blockage, changing trade policies and other global supply and demand disruptions. That is why we developed the Integrated Supplier Management diagnostic tool.

article thumbnail

What is the Importance of Supplier Relationship Management (SRM)?

QAD

Run and Maintain the Strategy Both the performance of the supplier and the performance of the strategy around maintaining that supplier relationship must continuously be evaluated so any changes can be made in real time. This requires establishing KPIs and specific metrics of success to assess performance against.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Predictions to Operations: Compelling Supply Chain AI Use Cases

ThroughPut

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. AI for supplier relationship assessment. The solution?

article thumbnail

What You Need to Know About Supplier Management and SRM Software

QAD

This builds a more effective and longer-term partnership that lowers inbound supply costs and improves supplier performance. In many cases, companies are relying on digital technology and supplier management software to transform relationships with suppliers.

article thumbnail

Elevating the Heavy Building Materials Supply Chain (Takeaways from Command Alkon ELEVATE 2017 Conference)

Talking Logistics

Having more timely, accurate, and complete data — and converting it into actionable intelligence — will not only lead to cost reductions and increased asset utilization, but also improvements in customer service and satisfaction, the top metric cited by the respondents. Why the increased attention and demand?

article thumbnail

Guest Blog Part 2: Start Your eKanban Implementation with Value-stream Mapping and Engaging Your Suppliers

synchrono

With eKanban implementations, this can be any number of problems including excess materials on hand, slow inventory turns, too much scrap and more. If you’re not using a manual Kanban system, map the current inventory replenishment process.) For example, they were literally logging 7 miles a year to track down inventory!

article thumbnail

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. How many functions in your company conduct themselves like they are islands? But the Supply Chain team is uniquely positioned to bridge all of these silos and islands.