Supply Chain View from the Field

APRIL 1, 2015

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. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

SCMDOJO

FEBRUARY 20, 2023

To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

OptiProERP

JANUARY 17, 2024

While the overall trend is toward more integrated and flexible systems that can process voluminous amounts of data, yielding analytics and metrics for improved decision-making, a majority of manufacturers still have yet to commit to the newer, “smarter” technologies.

Analytics Software 52

Analytics Software Optimization Software Supply Chain Design Software Supply Chain Planning Software 52

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

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 80

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

RFgen

MARCH 10, 2023

Order picking is a critical process in warehouse management that involves selecting items from inventory and assembling them into customer orders. Analyzing Current Order Picking Process If your warehouse picks inventory for orders, then you are probably familiar with your order picking process.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Inventory Reduction Cost Reduction Strategies 52

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

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

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

American Global Logistics

JANUARY 30, 2024

It came in at less than 2 percent, below the Fed's guideline. 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. Inventory levels are decreasing, and inventory costs are holding.

Supply Chain Strategy 52

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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

Zipline Logistics

SEPTEMBER 21, 2021

These are report cards that grade suppliers on quality and performance, looking at common metrics like on-time delivery, inventory management, missed shipments, lead time, costs, etc. OTIF Logistics Scorecard Guidelines for Sam’s Club. OTIF scorecard guidelines for Sam’s Club differ slightly from those set by Walmart.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction Sourcing Strategies 52

Elementum

JANUARY 16, 2024

Tools like RPA can be used to track shipments, manage inventory, and automate order processing. Following these guidelines and leveraging available resources can significantly contribute to the long-term success of any business process automation initiative. What metrics are used to measure the success of business process automation?

Supply Chain Software 78

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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

AB&R

MARCH 4, 2022

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. Replacing fixed workstations with mobile receiving carts also frees up valuable warehouse space, which can help boost dock-to-stock cycles and eliminate bottlenecks in inventory management. Inaccurate inventory data. Conclusion.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 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

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

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

BlueYonder

MAY 22, 2020

As far as space is concerned, only 3PLs with large networks can afford to redeploy inventory to other locations that is then compounded with potentially higher transport costs. In addition to establishing company-wide policies, 3PLs must adhere to applicable state and local guidelines for each of their locations.

Cost Reduction Strategies 88

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 88

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

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Precoro

DECEMBER 11, 2023

The sourcing team, in cooperation with procurement specialists and management, establishes performance metrics (KPIs, key performance metrics) and monitors sourcing success. That means engaging in open communication, setting clear expectations, establishing supplier performance metrics and milestones, and promoting mutual success.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

AFFLINK

MARCH 15, 2016

Inventory levels? Which metrics will you use to determine success? Establishing quality, safety, compliance, and sustainability guidelines. Establishing goals/standards for the metrics by which you’ll measure success. Managing functions like receiving, shipping, inventory control, and returns. Cost management?

Supply Chain Planning Software 67

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

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

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

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Enterra Insights

APRIL 22, 2019

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. Walmart recently made headlines when it toughened delivery demands for its suppliers.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

AFFLINK

MARCH 15, 2016

Inventory levels? Which metrics will you use to determine success? Establishing quality, safety, compliance, and sustainability guidelines. Establishing goals/standards for the metrics by which you’ll measure success. Managing functions like receiving, shipping, inventory control, and returns. Cost management?

Supply Chain Planning Software 48

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

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

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. Multi – channel capabilities : The WMS can manage inventory and orders related to both B2B and B2C simultaneously. Vendor-managed inventory (VMI). Cross docking.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

QAD

MAY 16, 2019

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). What is MMOG/LE?

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

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. You also need to assess quickly where the marketplace will be after any run on inventory” according to Pat Bower, Director of Demand Planning at Combe.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

DynaSys

SEPTEMBER 22, 2021

And this is only one metric where you could be doing a lot better. You’re also dealing with excessive inventory for some items while facing stock outs for others. The CFO has been asking why inventory holdings keep creeping higher while customer satisfaction is dropping. And then rule them out without wasting a lot of time.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Demand Planning Software Optimization Software 52

Unleashed

NOVEMBER 15, 2021

Then back-end systems pair tailored financial products and services to the customer based on those metrics. Automated inventory management platforms then help manufacturers organise and monitor their new, modular product ranges. Have clear guidelines on what is and is not customisable.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

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

ThroughPut

MAY 25, 2021

The supply plan must reduce inventory and operating costs while balancing customer service. Inventory optimization and increased sales : Keeping track of inventory levels are crucial for F&B companies. Stage 3: Supply review.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning S&OP 52