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

Logility

OCTOBER 12, 2021

Many resources and investments are required to tackle the rigors of supply chain sustainability. But as a business, none of these may be enough to spur the required investment and resource mobilization for the task ahead. Develop metrics against which supply chain stakeholders can judge their performance.

Supply Chain Planning Software 130

Supply Chain Planning Software Sustainability Supply Chain Software Supply Chain Planning 130

Taulia

JULY 21, 2022

Key performance indicators (KPIs) and supplier performance metrics can be used by businesses to evaluate the performance of their individual suppliers and by extension the effectiveness of their supply chain as a whole. Metric: The number of orders containing defective products divided by the total number of orders placed. Defect rate.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Elementum

JANUARY 16, 2024

The growing importance of process automation has encouraged businesses to adopt various tools designed to streamline workflow, leading to improved resource allocation and cost reduction. By automating these tasks, businesses can save time and resources while reducing the risk of human error.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

Supply Chain Game Changer

OCTOBER 4, 2022

A successful “management mindset” aims to carefully regulate firm budgets, maintain production and logistic operations on track, supervise production processes, and simplify regulations and guidelines throughout the duration of a project. Distribution Network And Manufacturing Performance Metrics.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

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. This enhanced visibility enables better resource allocation and optimization, ultimately improving production efficiency.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

The Logistics & Supply Chain Management Society

MAY 28, 2022

Cloud and software-as-a-service providers must take cyber security seriously, proving they’re investing the time, money, and resources to develop, deploy and maintain security processes and systems to best industry practices. IT systems must be properly supported by vendors and continuously updated with the latest security patches.

Supply Chain Planning Software 269

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

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

Logistics Bureau

APRIL 4, 2022

In reality, few freight and shipping teams have the time, resources, and clout to extract information from their peers about freight costs, let alone from competitors. So do you have the resources to undertake a thorough selection and procurement project and the right people to operate your benchmarking tools?

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

SCMDOJO

FEBRUARY 20, 2023

Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below. Logistics KPI Dashboard Excel Template 4.

Inventory Reduction 101

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

Supply Chain Game Changer

NOVEMBER 9, 2022

Follow-up : Instead of taking the backseat, you should have metrics that help you tell the performance of your consultant. Their input acts as the guidelines that ensure your business performs efficiently. You Have Insufficient In-house Resources. Efforts to lean on your in-house resources could prove futile.

Resource Reduction 86

Resource Reduction Expense Reduction Price Mitigation Strategies Supply Chain Strategy 86

GlobalTranz

SEPTEMBER 28, 2016

It is important to know the difference to manage your resources. 5) Ongoing Assessment of Key Supplier Site Metrics to Ensure Business Continuity with Companies' Requirement and Proactively Identify Potential Risk Factors. Every business has their set of metric which they want to focus on. How to Track Performance.

Supply Chain Planning Software 120

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 120

DAT Solutions

SEPTEMBER 29, 2017

The Transportation Intermediaries Association (TIA) has released three new resource guides this year and has updated several of its sample contracts. New guides published in 2017 include: FDA Food Safety Modernization Act Resource & Guide - An overview of the new requirements for the transportation of human and animal food in the U.S.

Resource Reduction 71

Resource Reduction Resources Freight Guidelines 71

Precoro

DECEMBER 11, 2023

Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road. The sourcing team, in cooperation with procurement specialists and management, establishes performance metrics (KPIs, key performance metrics) and monitors sourcing success. Benchmarks, analysis, and improvements.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Precoro

MARCH 31, 2023

Thus, prioritizing sustainable procurement has become a critical component of companies' policies; by doing so, organizations promote transparency, fairness, resource efficiency, and ethical practices while enhancing their brand image and competitiveness. Other examples include the EU's Circular Economy Action Plan and the US Green New Deal.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

ThroughPut

APRIL 28, 2020

With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. One or more of these types of resources are used to perform an operation on a job. Here are some guidelines which can help in making this decision: 1.

Supply Chain Planning Software 52

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

ThroughPut

APRIL 28, 2020

With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. One or more of these types of resources are used to perform an operation on a job. Here are some guidelines which can help in making this decision: 1.

Supply Chain Planning Software 52

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

ThroughPut

APRIL 28, 2020

With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. One or more of these types of resources are used to perform an operation on a job. Here are some guidelines which can help in making this decision: .

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 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. Additionally, you will want to redirect your resources to your most in-demand items that are suffering the greatest supply chain issues. Other considerations.

Supply Chain Planning Software 98

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

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. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

AFFLINK

MARCH 15, 2016

Where will you invest your resources, and why? 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. What will they need in the future, and how will you deliver it?

Supply Chain Planning Software 67

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

Precoro

SEPTEMBER 4, 2023

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. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Opz

MARCH 26, 2015

Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. However, we can provide some guidelines as below, - Forecast at the right level: Standard inventory control textbooks suggested that forecast be done at a product family level. What is Inventory Control?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

AB&R

MARCH 4, 2022

In addition, mobile receiving carts enable organizations to create value with fewer resources, a lean manufacturing principle. Walmart’s Latest RFID Guidelines: What You Need to Know. This mobility helps reduce unnecessary labor while increasing accuracy and productivity. Conclusion. HAVE QUESTIONS? WE’RE HERE FOR YOU.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 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. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

AFFLINK

MARCH 15, 2016

Where will you invest your resources, and why? 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. What will they need in the future, and how will you deliver it?

Supply Chain Planning Software 48

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

o9 Solutions

JANUARY 25, 2023

These models aim to minimize resource use, waste, and carbon emissions and maximize reuse and recycling in the supply chain. There is a big push from industry experts, regulators, consumers, and companies to move towards supply chain models based on circularity.

Supply Chain Planning Software 52

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

Unleashed

JANUARY 14, 2024

Successful implementation of JIT involves the efficient use of manufacturing resources and capabilities. You should use the EOQ model as a guideline, not a rule, and adjust your order quantities according to changing market conditions and customer preferences. It’s based on an approach that involves people, plants, and systems.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Trend

DECEMBER 22, 2023

These are rough guidelines. Decision quality will become a performance metric in IBP. IBP success criteria : traditional IBP often uses supply chain metrics of success. These metrics remain mostly in the sphere of control of IBP. They are much needed additions, not replacements of other business wide success metrics.

Supply Chain Planning Software 78

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

Kanban Logistics

FEBRUARY 27, 2020

If your actual volumes don’t match your forecasts, you can be left paying a lot of money for resources you’re not using – or scrambling to add resources to keep up. Your 3PL can accommodate any shifts in space or resource requirements – effectively scaling your footprint to your needs as they change over time.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Supply Chain Network

MARCH 26, 2012

Interestingly, the original push for profit has caused Coca-Cola to become an excellent resource in medical distribution. Water is an essential resource in Coca-Cola’s supply chain. Water is an essential resource in Coca-Cola’s supply chain. Global Guidelines. Watered Down” Coca-Cola. In the U.S., In the U.S.,

Supply Chain Planning Software 97

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

Logistics Viewpoints

JANUARY 31, 2024

As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher. The Corporate Sustainability Directive will also require companies to report on materiality conceptual guidelines, double materiality, impact materiality, and financial materiality.

Report 252

Report Data Material Savings Manufacturing Procurement 252

ThroughPut

MAY 25, 2021

An optimized S&OP in food supply chain process focuses on the resources of your organization to meet your customer’s needs while maintaining the profitability of your organization. S&OP helps you keep a close eye on financial and business impact, prompting better decisions across teams through carefully planned strategies.

Supply Chain Planning Software 52

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

ThroughPut

MAY 25, 2021

An optimized S&OP in food supply chain process focuses on the resources of your organization to meet your customer’s needs while maintaining the profitability of your organization. S&OP helps you keep a close eye on financial and business impact, prompting better decisions across teams through carefully planned strategies.

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

ThroughPut

MAY 25, 2021

An optimized S&OP in food supply chain process focuses on the resources of your organization to meet your customer’s needs while maintaining the profitability of your organization. S&OP helps you keep a close eye on financial and business impact, prompting better decisions across teams through carefully planned strategies.

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

Unleashed

MARCH 13, 2023

It will enable them to properly understand how the product will contribute to the business’s overarching strategic goals and follow best practice guidelines. You can adjust plans and priorities as necessary, particularly concerning resourcing, changes to your estimated timeframes, and batch production.

Resource Reduction 52

Resource Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

SCMDOJO

DECEMBER 11, 2023

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. Quality Metrics: Evaluates the quality of delivered products or services against predetermined standards.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16