Supply Chain Opz

MARCH 26, 2015

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 often starts with how to know the demand of particular product. How to Reduce Forecast Error?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. How could this be?”. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

SEPTEMBER 20, 2015

As I sit on the back row, I hear platitudes (A number of concepts positioned at a high level without clarity on how to execute). How do they buy from you? How will the policy be executed? Over time, as the business evolves, how will it adapt? In the process, how will you measure success? This makes me yawn.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. The question was on “how to improve performance.” Reward teams for cross-functional metrics. Tie policy to action.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Kinaxis

JULY 23, 2015

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

OptiProERP

MAY 18, 2023

The procurement process can be complex, involving various steps such as identifying the need for the goods, researching potential suppliers, negotiating contracts, and managing inventory. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Unleashed

FEBRUARY 21, 2024

This article explores how to bring down your return rate and save time with an optimised returns management process. It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

ThroughPut

APRIL 30, 2024

That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

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

Taulia

JANUARY 12, 2023

When seeking to optimize working capital, companies often focus on managing inventory more efficiently or delaying the settlement of accounts payable. While typical DSO metrics vary between sectors, an above-average DSO may indicate that a company is taking longer than necessary to convert credit sales into cash. In fact, U.S.

How To 52

How To Optimization Software Supply Chain Software Inventory Reduction 52

Unleashed

MARCH 16, 2021

So if you’re a business owner who is wondering how to run a purchasing department, then check out our practical guide below. How to set up a purchasing department. Ordering, managing stock and inventory. Creating procurement policies and procedures. Contract renewals occur automatically without a review policy in place.

Purchasing Skills 59

Purchasing Skills Manufacturing Procurement Procurement Solutions Procurement Analytics 59

Unleashed

DECEMBER 11, 2022

That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. Warehouse KPIs (key performance indicators) are measurable values that reflect how successful your warehouse processes are at achieving desired results. How to improve order lead times: Procure reliable carriers and suppliers.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Supply Chain Insights

JUNE 1, 2017

The End-to-End Supply Chain Orchestration course takes a look at how to align a supply chain from your customers all the way back to your suppliers. What specific policies, processes, and metrics in the supply chain would achieve success in this strategy? End-to-End Supply Chain Maturity Stages.

Supply Chain Strategy 161

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

ShipBob

MARCH 9, 2022

In this post, we’ll take a closer look at what order cycle time is, why it’s important, and how to improve it for your business. 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. What is order cycle time?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Software How To 52

SCMDOJO

APRIL 11, 2023

We also offer other additional courses taught by qualified experts that focus on trending and current topics such as how to handle a business case and modern warehousing. In the design of physical flows, the course shows how to formulate and solve Transportation, Transshipment, Facility Location, and Network Design Problems.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

QAD

MARCH 9, 2023

They can react to sudden changes in supply and demand, adjust prices and inventory levels in real time and work closely with supply partners throughout the value chain to mitigate risk. That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk. What About Cash?

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

Logistics Bureau

NOVEMBER 16, 2020

Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. Manage inventory levels.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

SupplyPike

MAY 14, 2020

The importance of supply chain management What to watch while consumers are panic buying How to implement supply chain management Supply chain management and Walmart. Most manufacturers depend on just-in-time (JIT) manufacturing policies. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

Supply Chain Shaman

JUNE 5, 2013

The cost was 60% more in than average; but even more unfortunate, they never got a good understanding of how to use the planning system. Bias and error are selectively measured and the organization is unclear on how to improve demand processes. Integration of corporate social responsibility metrics in planning.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 221

Supply Chain Insights

JULY 23, 2017

How does it help? Use our Metrics That Matter methodology to look at improvement and performance. Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking. We will test to understand how you stack-up to your competitors and how to make customer service actionable.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. Companies can win with an IT standardization policy. Supply chain excellence is harder to define than to say.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

GlobalTranz

APRIL 5, 2017

Instead of trying to gain visibility by tracking every detail involving inbound logistics on your own, the biggest roadblocks to effective inbound logistics management boil down to five reasons, and you need to understand what they are and how to stop them. In other words, the term, “metrics,” can be deceiving.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

Supply Chain Shaman

JUNE 19, 2013

It comes in many flavors–increase in inventory, changes in sales policies, new product lines– all add to the complexity. The only industry that has made progress in inventory management is consumer electronics. Many executives lack an understanding of the supply chain as a complex system and how to manage trade-offs.

Forecasting 271

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 271

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Decrease of bargaining power can also result in unfavorable PPV.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Shaman

MARCH 9, 2020

With the downturn in the financial markets, the looming recession, and the fundamental shifts in demand—less travel and stay at home work policies—demand is changing. Could it be, “How to help supply chain planners be more effective?” My struggle is how to help organizations create an environment to enable planning effectiveness.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

Unleashed

AUGUST 16, 2023

If you’re new to order fulfilment and inventory management , you’ll need a firm understanding of the backorder process. That’s why we’ve used this article to break down what backorders are, how they can be managed efficiently, and the pros and cons of having products on backorder. How long do backorders take?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The Order Policy. The use of customer segmentation to determine priority in matching inventory with orders during the order cycle.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Unleashed

JANUARY 31, 2023

Let’s explore how to make it work for your business. Ideal product flow efficiency is achieved by optimising inventory control , minimising supply chain interruptions, and eliminating downtime. Establish a Just-in-Time strategy To reduce inventory wastage, a pull system – also known as a just-in-time (JIT) strategy – is introduced.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. For four years, the company supply chain team argued about the number of supply chains, the customer segmentation strategy and how to tie customer policy to execution. I am on a mission. Customer-Centric Strategies.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Supply Chain Matters

APRIL 28, 2023

The focus often turns to improvements in working capital efficiencies, inventory and capacity management in addition to more efficient asset management. The key to improvements is often associated with consistent, timely and actionable determination of constraints and in the weighting of operating policy decisions.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Tompkins Blog

JANUARY 3, 2014

Likewise, more emphasis needs to be put on monitoring operational performance, using the right metrics that impact the targets set by the overall business goals. Thus, operations strategy is determining “how” companies will operate their supply chains and their customer services to achieve business goals and strategies.

Inventory Reduction 53

Inventory Reduction Supply Chain Strategy Supply Chain Planning Software Strategy 53

QAD

NOVEMBER 19, 2019

Next we will provide an overview of the Inventory Value Action Center as well as the associated key performance indicators (KPIs). Inventory Value Action Center Overview. Here’s a look at the KPIs included and how to use them to monitor inventory management effectivity. KPIs for Effective Inventory Value Calculation.

Inventory Reduction 86

Inventory Reduction Inventory Inventory Management Metrics 86

American Global Logistics

DECEMBER 7, 2022

But businesses are learning how to manage external disruptions and manage internal ones more effectively. We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. That’s a significant change from a predominantly “hands-off” policy.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Inventory KPIs: Inventory Aging, Inventory Turnover Ratio. How to measure: Compare the old costs with the new costs for the same good or service.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Unleashed

MARCH 21, 2021

How to improve the procure to pay process. It helps keep material costs down, avoid delays or inconsistencies when it comes to inventory stock quality, prevents stock-outs or overstocking, and deals with other supply chain issues. It’s a good idea to specify the inventory in as much detail as possible. Return policies.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59