NC State SCRC

MAY 7, 2020

We have started to put together ideas on what a national governance framework would look like, which would begin by establishing a standing governance model for national disasters. While we may not experience another disaster as severe as this pandemic, we need to assume the worst case in planning a governance model. First case?

Government 52

Government Pharmaceutical Supply Chain Planning Software Supply Chain Planning 52

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Coordinate every step with insight and action Companies using a platform that synergizes service, inventory, cost, and sustainability stand at the precipice of a highly progressive approach to supply chain planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Shaman

JANUARY 31, 2022

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. A Decline in Innovation. The discussion needs to shift.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

FEBRUARY 7, 2022

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. A Decline in Innovation. The discussion needs to shift.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

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

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

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

BlueYonder

NOVEMBER 30, 2012

At a recent industry conference, I asked my 80-plus audience to raise their hands if they were “OK” with the current status of their performance measurement governance practices – including Metrics Identification, Measuring, Tracking, and Controlling. Only three managers raised their hands. Lack of consistently clean data.

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Lean Government Waste Reduction 51

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. Local/Global Governance. Clear governance of global planning and local decisions. There is a lack of clarity on what drives value and metrics are functional. Focus on the level of inventory. Functional metric orientation. Little clarity.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

TMC

NOVEMBER 18, 2015

Companies can then prioritize their mitigation efforts based on parameters such as value-at-risk, customer importance, and field inventory. Keeping an eye on changes in government policies is another important detection activity, which often falls under the umbrella of a centralized corporate function such as Legal or Compliance.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

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

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Procurement Academy

OCTOBER 25, 2021

Organizations used to talk about their sustainability aspirations but now these aspirations have broadened to embrace social responsibility and governance. This wider focus is known as ESG , environmental, social, and governance, and for procurement and supply chain functions, ESG’s wider focus brings challenges. On what measure?

Price Reduction 98

Price Reduction Inventory Reduction Buyer Training Procurement 98

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. This reduces the risk of overstocking or stockouts, ensuring inventory is managed with unprecedented accuracy and efficiency.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Shaman

SEPTEMBER 9, 2014

The NAICS designation was developed by the US Federal Government to characterize groups of companies within an industry. Nineteen of the 200 companies met the performance criteria of improving operating margin, inventory turns, and ROIC together in concert for the years of 2006-2013 or 2009-2013. How did you define peer groups?

Pharmaceutical 274

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 274

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. First, to launch on government approval of a new drug.

Customer Service 192

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

Supply Chain Insights

JUNE 1, 2017

The importance of supplier development and risk management, along with corporate social responsibility and governance are emphasized. What specific policies, processes, and metrics in the supply chain would achieve success in this strategy? For example, inventory turns are plotted with operating margin (see Figure 2).

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

Logistics Viewpoints

AUGUST 15, 2022

This will almost surely lead to high cycle times in fulfilling orders, the inability for both to production plan, inventory shortages or delivery disruptions caused by delays, and/or high inventory safety stocks and costs due to poor supply order management. For benchmarking metrics to be valid, they need to be based on a large sample.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

FEBRUARY 22, 2015

After spending five tedious years on the SCOR council executive board, I know that the governance model limited the SCOR council. I responded, by saying that I believe that the SCOR model and the Gartner Hierarchy of Metrics reward functional behavior and improve functional outcomes. It is cash. Let me explain.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

Material Handling & Logistics

SEPTEMBER 8, 2017

The Institute for Supply Management conducted a special survey that asked members to assess how Harvey might impact six key business metrics and whether they may be impacted by shortages of input materials due to Harvey. "Our Broadly speaking, the six metrics organized by severity of impact into three groups. Most Impacted Metrics.

Metrics 98

Metrics Texas Chemicals Supply Chain 98

Taulia

AUGUST 29, 2023

Choose the right inventory management approach Different companies will opt for different approaches when it comes to inventory management. When implementing supply chain management best practices, companies need to choose the right inventory management approach to meet their objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Supply Chain Shaman

JANUARY 19, 2014

Despite multimillion dollar technology projects, and tomes of strategy documents, they are stuck in their ability to overcome market factors and rising complexity to drive continuous improvement on a portfolio of metrics. Carefully Design Regional/Global Governance. A major trap is the lack of definition of regional/global governance.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

OptiProERP

NOVEMBER 14, 2023

Governments, consumers, and stakeholders increasingly prioritize sustainable practices, urging manufacturers to reevaluate their operations. This involves optimizing processes to reduce overproduction, wait times, unnecessary transportation, and excess inventory , which not only conserves resources but also saves money.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Silvon Software

FEBRUARY 23, 2023

Government, healthcare, and pharmaceuticals will likely maintain a focus on strengthening their pandemic risk assessments. As powerful tools to support these initiatives, both Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) are metrics that can be used to monitor business performance and track potential risks.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We The longer it takes a supplier to deliver their goods to a manufacturer, the more inventory that manufacturer is forced to hold. The company has over 300,000 products.

Supply Chain Transformation 193

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 193

The Logistics & Supply Chain Management Society

MAY 28, 2022

With uncertainty a guarantee in the year ahead, leaders are realising the need to adopt applications that will improve visibility into demand and inventory, as well as tools that can help them model and simulate “what if?” Risk planning and technology utilisation. The effort will absolutely pay off. Building capability and consistency.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

Supply Chain Shaman

MAY 7, 2015

Companies that have cross-functional alignment and clear governance models can make progress faster. The company that plays to win does not strive to have the best manufacturing costs, or the best procurement practices; instead, the team focuses on winning together cross-functionally on a commonly held portfolio of metrics.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Agile and Lean Supply Chain 150

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. 4), convening suppliers, non-government organization partners and others to discuss successes and ongoing challenges with the retailer’s goal to become a fully regenerative company by 2040.

Logistics Network Optimization Software 184

Logistics Network Optimization Software Real Estate New York Logistics 184

NC State SCRC

FEBRUARY 12, 2017

The linkages between the enterprise and local teams are very tight, to ensure that functionally unique applications are inventoried centrally so all parties can leverage these tools. There are two IT support teams: one creates business process informatics centrally, and the other delivers locally required capabilities.

Analytics Software 40

Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Design Software 40

Supply Chain Shaman

AUGUST 2, 2017

A frequent mistake is letting each business build their own systems without governance. Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Form and Function of Inventory. Businesses are different.

S&OP 154

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 154

SCMDOJO

APRIL 9, 2024

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. AI-powered systems will enable precise predictions, route optimization, inventory management, tracking, and communication.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

QAD

AUGUST 12, 2021

Taking Ford as an example from the companies above, Ford is working with key suppliers in China, India, Thailand and South Africa to eliminate over 4,900 metric tons of CO2 and 24 million gallons of water usage over the next three years. Consider the effects of excess inventory and unnecessary shipments.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98