SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Mastering Lead Time: Stabilization and Optimization Strategies The most common mistake is searching for how to reduce the lead time before trying to stabilize it.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

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

AB&R

MARCH 4, 2022

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. In addition, mobile receiving carts enable organizations to create value with fewer resources, a lean manufacturing principle. RELATED: How to Maximize Your Warehouse Space. HAVE QUESTIONS? WE’RE HERE FOR YOU. Recent blogs.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 52

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Unleashed

MARCH 31, 2021

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. The difference between supply chain and logistics. What is logistics? Logistics is a subset of the wider supply chain that controls the movement and storage of goods between nodes in the wider network.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

ShipBob

OCTOBER 4, 2023

You’ll also learn some effective strategies on how to reduce inventory levels to save costs. As such, you can create a lean supply chain and minimize the risk of excess inventory. Leverage inventory turnover ratio and economic order quantity Paying attention to relevant performance metrics can play a vital role in inventory reduction.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

SCMDOJO

MARCH 19, 2024

These functions include procurement, production planning, inventory management, logistics, and customer service. This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Bureau

NOVEMBER 16, 2020

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. If engineering is your thing, you could join a third-party logistics company and focus on solutions design. APICS, for example, runs some really good supply chain and logistics programmes. Do you want to be managing people?

Supply Chain Planning Software 96

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

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

GlobalTranz

AUGUST 31, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. As explained by the Lean Supply Chain , visibility and effective management of inventory are essential to maximizing warehouse space. Automate, and train staff on how to interact with new systems.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Optimization Software 121

FourKites

JANUARY 7, 2021

Emphasizing agile and lean logistics management will allow you to outperform slower competitors through the ability to make informed decisions on the fly, rather than relying on gut instinct or incomplete information. Logistics managers today must contend with a growing number of unforeseen factors and disruptions.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Modeling 52

QAD

JULY 28, 2022

By offering students a real-world educational opportunity in rotational programs with employers, Lori’s program introduces students to all facets of supply chain management, from purchasing to logistics to materials management to production planning. Her students tend to focus on purchasing, logistics and consulting.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 96

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Stock availability.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Talking Logistics

DECEMBER 5, 2017

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? How do we analyze it efficiently? How do we use it to our advantage? Performance Optimization.

Prescriptive Analytics Software 105

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 105

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

Supply Chain Shaman

MAY 21, 2013

“Does everyone realize how bad the problem is? We have used Lean process systems and swim-laned ourselves to death. But, the tune has changed, and they are unsure how to dance together. Some helpful reports include: Supply Chain Metrics That Matter: The Cash-to-Cash Cycle. Supply Chain Leader of a Large Hospital.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

Veridian Solutions

SEPTEMBER 24, 2018

The Number of WMS Cybersecurity Risks Are Growing As explained by the Lean Supply Chain , as many as 26 billion IoT-connected devices will be used by 2020. Constructive metrics. Focus on warehousing and logistics. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Higher functionality. Ease-of-use.

Security 45

Security Warehousing Vendor Strategies Supply Chain Planning Software 45

Resilinc

MARCH 30, 2021

In Part 2 we are outlining how to put a plan to paper. Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. In Part 1: Introduction , we introduced helpful tips on starting the SCRM journey.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

Locus

DECEMBER 23, 2022

Retailers need a robust logistics solution that helps them align their capacity with customers’ delivery preferences. Download our casestudy to learn how to eliminate human dependency for your Retail business. Above are all the challenges that retailers face when their logistics system is not aligned with customer expectations.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

The Logistics of Logistics

JUNE 7, 2019

Non-asset based 3PLs use the assets from other logistics companies. Asset light 3PLs own physical assets and also partner with other logistics companies similar to non-asset based companies. The most important measure is the Paydex metric. Look for a 3PL that beats the logistics industry average. Dun & Bradstreet.

3PL 100

3PL Negotiating Skills Optimal Sourcing Purchasing Training 100

Unleashed

JANUARY 14, 2024

Manufacturing inventory management requires a coordinated approach across production, purchasing, sales, and logistics departments. How it works: Inventory management in manufacturing Manufacturing inventory management plans and tracks inventory across multiple stages of production.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

DELMIA Quintiq

JUNE 22, 2021

In this final blog on agility and why you should consider becoming an agilist to survive the new completion (of the continuous mention) of the application of enterprise decision management systems (EDMS) from Taylor and Raden cited in the first blog, I turn to the metric of agility and a new ROI metric of decision yield.

Metrics 156

Metrics Supply Chain Planning Software Agile and Lean Supply Chain Optimization Software 156

Supply Chain Game Changer

NOVEMBER 19, 2018

A poor or negative cash position can cause Executives to look at how to reduce expenses to survive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Veridian Solutions

AUGUST 9, 2018

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. As explained by the Lean Supply Chain , visibility and effective management of inventory are essential to maximizing warehouse space. Automate, and train staff on how to interact with new systems.

Supply Chain Design Software 53

Supply Chain Design Software Warehousing Analytics Software Optimization Software 53

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Veridian Solutions

JULY 29, 2019

Warehouse labor management efficiency metrics reveal how well your workers perform against their responsibilities. Labor costs account for 50-70% of the average warehouse budget, reports Logistics Management. How to Increase Labor Management Efficiency. Automate inventory tracking, using lean inventory principles.

Warehousing 45

Warehousing Supply Chain Planning Software Inventory Reduction Supply Chain Software 45

EazyStock

FEBRUARY 11, 2021

In this post we discuss how eCommerce is affecting inventory management strategies. Learn how to improve inventory management for eCommerce in our previous post. In the world of inventory management, your service-level metric is the probability of not having a stockout (or the probability of not losing sales).

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

Supply Chain Game Changer

NOVEMBER 11, 2018

That is how I got into logistics management and gained deep warehousing and transportation experience. I moved into the third-party logistics industry just as that was taking off and gained a ton of experience in logistics costing, WMS installation, selling services and technology skills.

SCM 43

SCM Supply Chain Planning Software Buyer Training Supply Chain Software 43

Supply Chain View from the Field

OCTOBER 14, 2013

Riva emphasized that “We need to create metrics that we have intention to follow. And the metrics we care about deeply include zero waste on all our sites. We want a metric that leads to business value – and a leading indicator of business value. ” But this is something fundamentally new.

Sustainability 60

Sustainability Waste Reduction Six Sigma Cost Reduction Strategies 60

ShipBob

NOVEMBER 15, 2021

Logistics Processes to Plan For. Tips for Logistics Planning. No army should go into battle without a plan for attack; similarly, no ecommerce merchant should go into business without a plan for handling their logistics. What is logistics planning? Why logistics planning is important for ecommerce businesses.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

GlobalTranz

MAY 6, 2015

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. These metrics should be reviewed frequently to ensure supply chain success.

Agile and Lean Supply Chain 120

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

Loop Supply Systems

JULY 21, 2016

Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). It leads to an inefficient supply chain that is riddled with waste, which in turn reduces profit, customer satisfaction, and everything else lean manufacturers work to improve. Reducing Excess and Obsolete Inventory with Lean Six Sigma. •

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40

Logistics Bureau

JANUARY 19, 2016

While this article is not going to focus on lean practices, the importance of keeping waste and process inefficiencies to a minimum can never be stressed enough when it comes to controlling expenditure and preventing cost blowouts in the supply chain. Implement performance metrics and monitor a selection of key performance indicator.

Supply Chain Planning Software 40

Supply Chain Planning Software Cost Reduction Strategies Negotiating Skills Agile and Lean Supply Chain 40

Kinaxis

DECEMBER 3, 2014

Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric? Reason #8 Keeping supply chain information in silos.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250