Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Supply Chain Shaman

JANUARY 7, 2015

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. The book outlines how to drive a guiding coalition. It is for this reason, that I believe that the traditional SCOR Model metrics are problematic. Achieving Balance in Metrics.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. It comprehensively connects every supply and demand node, enabling a detailed assessment of how demand can impact a company’s resilience index.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. You can refine as you go! Inventory Turns and Sales-to-Inventory Ratio.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

ToolsGroup

FEBRUARY 6, 2018

Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. That is, they should understand and improve stock strategies from a demand perspective.

Inventory Reduction 159

Inventory Reduction Inventory Material Savings Gartner 159

Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 19, 2022

If you’re looking at a future where your company will be a part of a merger or acquisition, then you might worry about how to navigate the process. Read on to learn about the five strategies you can use for a successful merger or acquisition. Apply Clear and Effective Metrics of Success.

Resource Reduction 105

Resource Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 105

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. Lack of aligned metrics. The So What?

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 101

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

ShipBob

FEBRUARY 3, 2023

But how do you know if all that hard work is paying off? By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. Why are retail metrics important? What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

ivalua

JUNE 11, 2021

Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.

Supplier Management 130

Supplier Management Sustainability Procurement How To 130

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Read Also: How To Power Up Your Retail Last-Mile Fulfillment To Meet Soaring Demand Why is Shelf Replenishment Complicated Logistically?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

GlobalTranz

FEBRUARY 2, 2018

Omnichannel has been a buzzword in supply-chain circles for several years, but retailers that have invested in implementing omnichannel strategies have shown less than superior results, says Steve Dennis via Forbes. These problems show weaknesses and overlooked concerns when implementing omnichannel supply chain strategies.

Omnichannel 169

Omnichannel Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 169

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Designing and implementing updated risk mitigation strategies. It’s a smart strategy. Expanding supplier relationships.

Optimal Sourcing 96

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 96

Supply Chain Game Changer

APRIL 13, 2022

Nowadays everyone is looking for options on how to reduce the time of development. It is a metric to measure the productivity of the team. It helps to highlight the ROI (return of investments) and estimate the current business strategy. As you can see, cycle time is a metric you can’t ignore.

Supply Chain Planning Software 94

Supply Chain Planning Software Optimization Software Supply Chain Software Software 94

Unleashed

OCTOBER 8, 2023

Read on to discover everything you need to know about opening inventory, including the formula and how to calculate it. This information can also feed into key decisions around how you manage your supply chain, where to increase or decrease business investment, and how to manage your labour force. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. In this article, we explore what Days Inventory Outstanding is, how to calculate it, and how to improve the result. What is Days Inventory Outstanding? What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

ThroughPut

MARCH 15, 2024

With a lot of these issues expected to persist or worsen going ahead, Chief Supply Chain Officers (CSCOs) are urgently looking to reinvent business strategies and prioritize agility, resilience, and sustainability in supply chain management. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

With a lot of these issues expected to persist or worsen going ahead, Chief Supply Chain Officers (CSCOs) are urgently looking to reinvent business strategies and prioritize agility, resilience, and sustainability in supply chain management. Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

OptiProERP

APRIL 9, 2024

Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. The Business Intelligence tools in manufacturing ERP analyze data from various sources to generate actionable insights, enabling businesses to identify trends, forecast demand, and optimize pricing strategies.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). The focus is not on who but on how to improve outcomes. Leaders put meaning into their strategies.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

ToolsGroup

APRIL 27, 2022

Actual) Strategies for Managing Stress in the Workplace. How do we deal? I mean, really – how do we not just say we’re going to find work/life balance, but actually reduce the stress in our lives to not just be more productive – and find that peace, joy, and fulfillment we all seek? In…and out…there you go!)

Sourcing Strategies 296

Sourcing Strategies Supply Chain Strategy Price Mitigation Strategies Strategy 296

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. It’s important to note that the benefits of lead time reduction can vary based on the specific industry, product type, and the overall supply chain strategy of the business.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

OptiProERP

NOVEMBER 3, 2022

Forty-two percent of SMBs consider digital transformation a central part of their organizational strategy. And how do you ensure the most significant impact for your organization? Developing an Effective Digital Transformation Strategy. A digital transformation strategy is a detailed plan to improve business operations.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. Not looking at how they work together.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

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

Supply Chain Shaman

DECEMBER 7, 2022

I aim to help business leaders not typically steeped in the day-to-day supply chain life understand how to lead supply chain teams better. Based on my research, I write about four strategies that drove value over the last decade. Which strategy drove the most significant value??” A Clear Strategy. What did work?”

Inventory Reduction 53

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 53

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” To help, I will ask, “How do you define value? Functional Metrics. ” Or “push a shift from a focus on cost to drive value?”

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

GlobalTranz

MAY 18, 2018

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. In addition, some may feel that growing into a seamless omnichannel sales strategy is impossible without supply chain technology hiccups, but that is not true. Download white paper.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

Unleashed

MARCH 13, 2023

And the risk of failure is high without the right preparation, market research, and strategy behind it. Here, you’ll find everything you need to know about creating a product strategy framework for developing, optimising, and launching successful products. What is a product strategy framework?

Resource Reduction 52

Resource Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Taulia

SEPTEMBER 8, 2023

Blog Expert Advice 8 min read 8 Sep 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard How to calculate working capital Working capital is essential for the day-to-day operations of a company. What is working capital? Calculating working capital is straightforward.

How To 52

How To Inventory Reduction Expense Reduction Material Savings 52

Proxima

AUGUST 9, 2023

Social value, which is the impact that an organisation has on society, is a key factor, and we are proud to have supported several public sector organisations on the development and delivery of their social value strategies. A robust engagement strategy is essential Communication and change management is key to embedding social value.

Procurement 52

Procurement Resource Reduction Supply Chain Design Software How To 52

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. The issue is that traditional functional metrics drive underperformance—the greater the variability, the larger the gap.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

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? When trying to improve liquidity in a business, you can use multiple metrics to calculate its current liquidity.

Inventory Reduction 52

Inventory Reduction Material Savings Expense Reduction Price Reduction 52

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Locus

OCTOBER 17, 2023

These metrics prove to be an early indicator of the future success of NFL players. These metrics come in handy, especially when businesses plan their logistics operations. Read Also: How to Manage Your Logistics during the Peak Seasons in the US? Similarly, a logistics business must invest in a high-end control tower system.

Cost Reduction Strategies 52

Cost Reduction Strategies Analytics Software Price Mitigation Strategies Supply Chain Planning Software 52