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

Unleashed

MAY 7, 2024

By following these guidelines, manufacturers can contribute to a more sustainable future while benefiting from the economic opportunities that come with it. By monitoring KPIs, your operations manager can make more informed decisions to enhance your productivity, quality, customer satisfaction, and waste reduction.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Logistics Bureau

OCTOBER 20, 2021

While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action. However, every company and its supply chain is unique, so the information in this post is not intended to be prescriptive.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Elementum

JANUARY 16, 2024

Regularly reevaluate your processes, tools, and performance metrics, and make adjustments as needed to maximize efficiency and effectiveness. A manufacturing company automated its supply chain management system, leading to better inventory tracking and reduced lead times 3. Let us explore some key examples.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

American Global Logistics

JANUARY 30, 2024

It came in at less than 2 percent, below the Fed's guideline. Information is as of January 25, 2024.) This flash metric registered at 50.3 Inventory Status: This measure is mixed. Inventory levels are contracting, but costs showing no change. Inventory levels remained the same at 44.3. up slightly from 48.1

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Optimization Supply Chain Price Reduction 52

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Unleashed

OCTOBER 30, 2023

It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns. Inventory management An optimised inventory management strategy will facilitate better WooCommerce order fulfilment by making it easier to find stocked items inside your facilities.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

SupplyPike

APRIL 10, 2020

Times are tough, so we’ve gathered some guidelines to help your supply chain get back on track, or at least to shore it up during these challenging times. Your buyer may also need to work on directing inventories to more active locations. Another solution is to create inventory reserves. Other considerations.

Supply Chain Planning Software 98

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

ShipBob

MARCH 9, 2022

Order cycle time is a useful metric for measuring the efficiency of your fulfillment process as it also affects other KPIs like on-time shipping rate and order lead time. You may also set up guidelines on how and where to leave returned items so that they can be easily sorted or picked later. Optimized inventory and order management.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Software How To 52

Elementum

JANUARY 16, 2024

The Role of IT in Automation Information Technology (IT) plays a significant part in business process automation, as automated systems often rely on existing IT infrastructure. Tools like RPA can be used to track shipments, manage inventory, and automate order processing.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Resource Reduction Optimization Software 78

ShipBob

APRIL 12, 2023

Between receiving inventory and getting orders delivered to your customers, what happens in your warehouse plays a crucial role in the efficiency of your operations. Use the following points as guidelines on how to measure the productivity and efficiency of your warehouse. To measure this, you’ll need to look at your OTIF metric.

Warehousing 52

Warehousing Supply Chain Software Inventory Management Software Demand Planning Software 52

Precoro

DECEMBER 11, 2023

If needed, the purchasing company can also follow up with a request for information (RFI) to gather any additional information for final comparison and decision. The sourcing team, in cooperation with procurement specialists and management, establishes performance metrics (KPIs, key performance metrics) and monitors sourcing success.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. M in savings.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

ShipBob

AUGUST 25, 2021

For instance, choosing between a domestic or overseas supplier will impact how quickly you ca receive new inventory, and where you story inventory based on customer location and demand can impact shipping costs and timelines. Once inventory is received, you can track real-time inventory flow from the ShipBob dashboard.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

AFFLINK

MARCH 15, 2016

There’s a seemingly endless supply of information out there on supply chain planning, but a lot of it seems to assume you’re already an expert. Inventory levels? Which metrics will you use to determine success? Establishing quality, safety, compliance, and sustainability guidelines. But what if you’re just starting out?

Supply Chain Planning Software 67

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 67

ThroughPut

APRIL 28, 2020

It ensures inventory & supply chain optimization across all levels by accurately projecting finished goods and supply chain forecasting for each component-level. Production monitoring : This feature allows users to become familiar with issues within capacity planning by using metrics to understand production flow and status.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

It ensures inventory & supply chain optimization across all levels by accurately projecting finished goods and supply chain forecasting for each component-level. Production monitoring : This feature allows users to become familiar with issues within capacity planning by using metrics to understand production flow and status.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

It ensures inventory & supply chain optimization across all levels by accurately projecting finished goods and supply chain forecasting for each component-level. Production monitoring : This feature allows users to become familiar with issues within capacity planning by using metrics to understand production flow and status.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

Unleashed

JUNE 25, 2023

Inaccurate inventory costs your business. But by performing a regular inventory cycle count you can maintain accurate recorded stock levels throughout the year. This article explains what the inventory cycle stock taking method is and the best practices for conducting one. What is an inventory cycle count?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Optimization Software 52

Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Order status : As orders are received, their shipment status and parcel tracking information can be viewed in real-time. Vendor-managed inventory (VMI). Cross docking.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

AFFLINK

MARCH 15, 2016

There’s a seemingly endless supply of information out there on supply chain planning, but a lot of it seems to assume you’re already an expert. Inventory levels? Which metrics will you use to determine success? Establishing quality, safety, compliance, and sustainability guidelines. But what if you’re just starting out?

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 48

DynaSys

FEBRUARY 3, 2021

Some examples may be rules restricting availability of transport stock and routes, laws limiting workforce liberties or effectiveness, short-term working capital guidelines, etc. These should inform your own historic data, which has never existed in a vacuum anyhow. Above all, build some inventory slack into your supply chain.

Modeling 97

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 97

Unleashed

NOVEMBER 5, 2023

A barcode inventory system allows goods to be tracked along the supply chain and within a company’s storage facilities. It uses technology such as barcode scanners and barcode inventory software to improve the accuracy of your inventory management processes. What is a barcode inventory system? Let’s get right into it.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 52

Unleashed

MARCH 13, 2023

Your product development team will be better informed to deliver their best work when working with a clear, concise, and well-defined product strategy framework. It will enable them to properly understand how the product will contribute to the business’s overarching strategic goals and follow best practice guidelines.

Resource Reduction 52

Resource Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

SCMDOJO

DECEMBER 11, 2023

By providing comprehensive insights into procurement activities, these reports empower decision-makers to make informed and strategic choices. By assessing supplier performance metrics, such as on-time delivery, quality, and responsiveness, companies can identify high-performing partners and address issues with underperforming ones.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Trend

DECEMBER 22, 2023

Cassy defines Decision Intelligence as “the discipline of turning information into better actions at any scale” , highlighting that the days of information, insights and BI are over, or at least not enough anymore. These are rough guidelines. Decision quality will become a performance metric in IBP.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. OTIF metrics are not universal. OTIF Meaning and Background. OTIF means on-time and in-full.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Supply Chain Network

MARCH 26, 2012

The result was improved flexibility of production, as well as better inventory and asset management. Global Guidelines. Coke’s main desires in terms of supply chain improvement included metrics with no manual intervention, industry standards that are not Coke specific and an even more vigorous system for reporting hierarchies.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Software Resource Reduction Supply Chain Strategy 97

Logistics Bureau

AUGUST 1, 2022

Therefore, they must participate in the monthly S&OP meetings and keep other stakeholders informed about upcoming activities and events. Inventory turns. The heads of the sales and marketing departments are also the ones who schedule sales events and promotions. Delivered on time and in full (DIFOT). Supply chain cycle times.

Supply Chain Planning Software 87

Supply Chain Planning Software S&OP Supply Chain Planning Scenario Planning 87

Precoro

MARCH 11, 2024

VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals. Payment reform Providers are incentivized via financial rewards or penalties to improve performance on the above-mentioned metrics.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Kinaxis

FEBRUARY 22, 2018

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. Lower order volatility.

Vendor Strategies 150

Vendor Strategies Inventory Reduction Beverage Modeling 150

QAD

JUNE 2, 2020

The company was also in a situation where it was difficult to define and monitor production metrics. Common digital characteristics across these examples include: Intelligent – Enabling the flow of accurate and real-time information to the right decision makers. . Achieve Real-time Shop Floor Visibility.

Manufacturing 108

Manufacturing Material Savings Real-time Visibility Waste Reduction 108

QAD

JUNE 2, 2020

The company was also in a situation where it was difficult to define and monitor production metrics. Common digital characteristics across these examples include: Intelligent – Enabling the flow of accurate and real-time information to the right decision makers. . Achieve Real-time Shop Floor Visibility.

Manufacturing 108

Manufacturing Material Savings Real-time Visibility Waste Reduction 108

ShipBob

FEBRUARY 26, 2024

and then planning your inventory orders accordingly. It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. Production and inventory planning should be accounted for when making this forecast. This requires forecasting orders based on anticipated demand (i.e.,

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

Elementum

JANUARY 16, 2024

In many cases, AI works in tandem with RPA to enable more sophisticated and intelligent automation by enhancing the bots’ ability to understand, interpret, and process information in more complex ways. Retail : Automating inventory management, order processing, and customer support.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78