synchrono

FEBRUARY 13, 2017

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well.

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

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

synchrono

MARCH 6, 2017

When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). In figure 1 below, the assumption on the B-D side is: A resource standing idle is a waste. Something is missing. The Efficiency Effect.

Metrics 82

Metrics Waste Reduction Resource Reduction Cost Reduction Strategies 82

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. Align the organization and focus resources on building adaptive modeling capability. (I Tougher than most understand. Shift in cycles.

Supply Chain Planning Software 391

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 391

Unleashed

FEBRUARY 23, 2023

Below, we cover how to improve liquidity and free up cash flow using nine effective strategies. In this guide on how to improve liquidity: What is liquidity? The main goal of effective inventory management is to minimise the total amount of financial resources that are taken up by unnecessary levels of inventory stock.

Inventory Reduction 52

Inventory Reduction Material Savings Expense Reduction Price Reduction 52

Proxima

AUGUST 9, 2023

Encourage your suppliers to involve their supply chain in the design and roll-out of consistent metrics and help them to understand the varying approaches to reporting and alignment to a common framework. Get in touch today to find out how Proxima can help you embed social value into your supply chain.

Procurement 52

Procurement Resource Reduction Supply Chain Design Software How To 52

AIMMS

MAY 14, 2018

Common causes for this include poor change and process management, misalignment in terms of business strategy, mismatched metrics across the business, dysfunctional technology and lack of expertise to operate and implement technology. Reduce your dependence on technical or external resources.

S&OP 156

S&OP Supply and Demand Meeting Scenario Planning 156

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. Improved efficiency in production processes and resource utilization. Cost Savings: Reduction in inventory holding costs. However, it’s essential to consider potential drawbacks.

Inventory Reduction 76

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 76

AIMMS

MAY 14, 2018

Common causes for this include poor change and process management, misalignment in terms of business strategy, mismatched metrics across the business, dysfunctional technology and lack of expertise to operate and implement technology. Reduce your dependence on technical or external resources. Be accessible.

S&OP 207

S&OP Supply and Demand Meeting Prescriptive Analytics Software 207

ShipBob

DECEMBER 13, 2023

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. These metrics provide valuable insights into how well your inventory is managed.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

GlobalTranz

MARCH 23, 2016

How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? First and foremost, look to your people, the best resource you have. How to Breakthrough Lean Culture Plateaus. Practices and learns how to apply Lean tools. These metrics would, of course, be aligned and are updated every hour.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

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

ThroughPut

SEPTEMBER 10, 2021

Data procured through real-time metrics can drive up sales , bring down wastages and lead to a robust supply chain. When material flow metrics are updated instantaneously, these updates help cut down on thousands of defective and unnecessary units being produced. Enhanced visibility through real-time monitoring.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

Precoro

MAY 22, 2023

Whether you're the CPO, COO, CTO, IT manager, or a procurement specialist, understanding the selection process for procurement IT is crucial for ensuring that your company has the technical resources it needs to remain competitive and satisfy evolving customer demands. What is IT procurement? Let’s go over these now.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

OptiProERP

MAY 18, 2023

Indirect procurement is essential for the smooth functioning of a company’s operations, as it ensures that the necessary resources are available to support the organization’s day-to-day activities. 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

Material Handling & Logistics

DECEMBER 6, 2017

All companies need to employ a performance measurement system to organize and manage their supply chain metrics. The appropriate metrics to manage and measure the success of a company’s operation vary significantly by industry, by individual company, and by the scale of the business.

Supply Chain Performance 76

Supply Chain Performance Supply Chain How To Modeling 76

Unleashed

NOVEMBER 2, 2023

Keep reading to learn what a production schedule is, how to create one, and the actionable tips that’ll help you maximise success and improve productivity in your production scheduling process. When you create your production schedule, allow flexibility for changes to dates, tasks, and resources.

Manufacturing Procurement 52

Manufacturing Procurement Examples Sourcing Strategies Supply Chain Planning Software 52

OptiProERP

NOVEMBER 21, 2022

It enables manufacturers to monitor the performance of equipment with the help of specific performance metrics to save valuable time, resources, and money. Contact us to discuss your business goals and how these manufacturing trends may benefit your organization. AR and VR in manufacturing will reach US$2.8 billion by 2023.

Trends 52

Trends Manufacturing Predictive Analytics Software Supply Chain Software 52

SCMDOJO

JULY 3, 2023

At the end of this blog, we will also be linking a couple resources of reading material to aid your journey of procurement training as well as best practice templates and dashboards to help improve your procurement processes as a working professional in the field. Total Cost to Serve – Importance Lesson 8.

Purchasing Training 79

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 79

ShipBob

OCTOBER 4, 2023

You’ll also learn some effective strategies on how to reduce inventory levels to save costs. You could be shelling out more resources and workforce to help you track and manage your excess inventory. Certain metrics can tell you which SKUs to reduce and how to order the right quantities. Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

ivalua

JUNE 14, 2023

It is important to support this workstream through a team of key individuals: Sponsor: A high-level executive who champions the procurement application implementation, the sponsor provides critical support, resources, and influence. Download Today!

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

This helped the company focus its sustainability strategies on key international ESG issues, as well as to target metrics that investors and consumers now track. Although primarily designed for investors, the tool gives companies an overview of financially material ESG metrics for their industry. Source: sasb.org. Define Success. .

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. The more integration points of Advanced Planning System (APS) to Enterprise Resource Planning (ERP), the larger the bullwhip impact. Current approaches result in black hole automation and bullwhip amplification.

Supply Chain Planning Software 347

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 347

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. Implementing sustainable practices in your manufacturing operations not only protects valuable resources but can lead to financial savings and increased brand reputation. What is sustainable manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

ToolsGroup

JUNE 8, 2021

6 Focus on the wrong metric. RFIs also assume the organization is focusing on the right metrics. 7 Poor use of resources. In my next post, I’ll go deeper into how to run a successful POC. There may be a better way to approach forecasting, but it’s not captured in the RFI because no one has any experience with it. #6

Supply Chain Planning Software 245

Supply Chain Planning Software Forecasting Software Supply Chain Software Optimization Software 245

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Elementum

FEBRUARY 7, 2024

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

QAD

MARCH 9, 2023

“As soon as a change in cost, capacity, demand or supply is detected, a planner needs to determine precisely how the disruption will impact the business objectives.” That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk.

Agile and Lean Supply Chain 94

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 94

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting? Neglecting these can distort your forecast.

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Supply Chain Management and Analytics

JANUARY 9, 2021

Check out our article to learn about Customer Success and how to apply it to your business. Research and define which metrics can help your business measure customer satisfaction and success rate. The turnover rate, also known as the Churn Rate, is a metric that allows the identification between new trades and cancellations.

Purchasing Training 52

Purchasing Training Expense Reduction Material Savings Resource Reduction 52

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. What is a lean supply chain? 6 tips for lean supply chain management.

Agile and Lean Supply Chain 52

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

Unleashed

MARCH 28, 2021

Allocate the internal resources and plans required to meet business needs, and support these with meaningful KPIs and service measures that are aligned to the delivery of business outcomes. Supplier scorecards help businesses to maintain profitable, metrics-based supply chains. Supplier strategy development.

Negotiate Pricing 111

Negotiate Pricing Cost Reduction Strategies Price Reduction Negotiating Skills 111

Intelligent Audit

MARCH 23, 2021

Connect the Data Streams, Systems and Team Member Resources. Close monitoring of key performance indicators (KPIs) can provide valuable insight into performance within the important transportation data metrics. The post How to Optimize Shipping Costs Across All Modes With Analytics appeared first on Intelligent Audit.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

SupplyShift

NOVEMBER 4, 2020

There has never been a better opportunity than now to prove the value of a transparent supply chain to your business, and due to this, you likely have a better shot at getting the resources you need to make it happen. Kraft Heinz set a good example of how to do this earlier in the year. What resources can we share with each other?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

There has never been a better opportunity than now to prove the value of a transparent supply chain to your business, and due to this, you likely have a better shot at getting the resources you need to make it happen. Kraft Heinz set a good example of how to do this earlier in the year. What resources can we share with each other?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

AB&R

MARCH 4, 2022

In addition, mobile receiving carts enable organizations to create value with fewer resources, a lean manufacturing principle. RELATED: How to Maximize Your Warehouse Space. Success in warehouse receiving is not measured by square footage but by how efficiently available space is used. HAVE QUESTIONS? WE’RE HERE FOR YOU.

Waste Reduction 52

Waste Reduction Inventory Reduction Warehousing Six Sigma 52