Remove Guidelines Remove Inventory Remove Manufacturing Remove Metrics

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. Choosing Metrics.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 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 ).

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Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. ISO publishes guidelines for conformance to its standards. Who Needs Lean Manufacturing? Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed.

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Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

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. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources. Inventory Goal.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory Control can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product. What is Inventory Cost?

3 Areas Where Digital Manufacturing Drives Benefits

QAD

Digital transformation continues to gain momentum in manufacturing. Real-world results include: An industrial manufacturer relied on manually intensive cost calculations and forecasts leading to delays and errors. The company was also in a situation where it was difficult to define and monitor production metrics. Innovative – Leveraging new processes and digital technologies to generate business insights and progress manufacturing efficiency. .

Actionable Insights: Purchasing Commitments and Spending

QAD

In our previous Actionable Insights blog , we discussed QAD’s Inventory Value Action Center. Understanding the use of inventory spending is critical for planning and to ensure that money is being used wisely. QAD Action Centers provide analytics to help both managers and users monitor metrics and KPIs. It can be useful for identifying areas where existing policies may lead to future excess inventory. It can also help to identify inventory policies by commodity or site.

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What’s New with MMOG/LE Version 5?

QAD

The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. supplier selection and assessment, new product launch, use of metrics in the supplier assessment process). Adoption of advanced technologies ( machine learning , smart manufacturing, China 2020, digital transformation) to increase performance and efficiency.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. Focused on outcomes, a competitive supply chain capability not only assures the on-time delivery of component material, but also the execution of inbound supply to ensure the shipment of quality finished goods at a competitive price while delivering on-target margins for the manufacturers.

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

Supply Chain Best Practices during a Quarantine

SupplyPike

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. With demand so high for a lot of key products, you’ll need to closely monitor short-term and long-term demand and inventory. You should also prioritize the products you need to manufacture and replenish.

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Walmart again Raises Chargeback Stakes

Enterra Insights

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. 2] She wrote: “There’s no doubt about it: manufacturers who fail to meet a retailer’s vendor standards can get into financial trouble. Walmart recently made headlines when it toughened delivery demands for its suppliers.

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3PL Warehousing 101

Kanban Logistics

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Common WMS capabilities include: Inventory management : The WMS will record and manage your products according to key characteristics like warehouse location, available quantity, pallet ID, serial number, lot number, and expiration date. The 3PL can then immediately supply the manufacturer so that the final product can be produced.

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Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

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!) This roadmap can be used to develop a set of guidelines for deployment of best practices across an organization. The more important question is – what is the impact of procurement transformation on shareholder return – a metric that every CEO and CFO really care about!

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26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

We may want to review their manufacturing facilities and perform some sort of quick assessment (for example, explore their process capability and yield of the product and how they handle returned parts). Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count. How much inventory should we carry and where?

Refresh Your Supply Chain – Have a Coke and a Smile

Supply Chain Network

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. Coca-Cola is a globally recognized brand, and the company consistently delivers its products.

50 expert tips on supply chain management

6 River Systems

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. The next-gen supply chain model is a networked ecosystem – suppliers, partners, manufacturers, distributors and retailers will all have access to relevant cloud-based data to make the best decisions based on real-time signals.” China trade war has already put regionalization of manufacturing back on the table.

What is the FMSCA’s Unified Registration System (URS) And What is the Impact on Transportation & Logistics Management?

Cerasis

Transportation managers must keep up with the ship dates of inventory, where inventory is currently located in the transportation process, what insurance information is being used and appropriated for each shipment, and many more factors. For small to medium-sized shippers, this is another metric that is going to be required to be obtained, but may simplify the overall process. Effective transportation management can be a hassle.

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