Arena Solutions

APRIL 9, 2024

As the pressure mounts for manufacturers to deliver in shorter timelines because of increased competition and the urgency to solve a myriad of climate-related challenges, legacy ways of doing things have become an insurmountable hindrance to progress. Overcoming Challenges in Product Lifecycle Management With Advanced Solutions The problem?

Manufacturing Procurement 75

Manufacturing Procurement Supply Chain Design Software Manufacturing Analytics Software 75

Logility

DECEMBER 28, 2020

How can manufacturers manage disruption and improve productivity? By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Therefore, manufacturers must continually look for new ways to improve the productivity and profitability of their operations.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Manufacturing Analytics Software 130

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Many organizations publish turns data by industry or SIC code to help gauge where you stand against others in your industry. Tracking, Managing, and Choosing Metrics.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” These capabilities do not exist at Ford.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

ivalua

MARCH 24, 2021

The role that procurement plays in manufacturing organizations is a difficult one. Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Optimal Sourcing 130

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 73

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 73

SYSPRO Smarter ERP

APRIL 17, 2023

The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. The benefits of this integration are clear.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

SYSPRO Smarter ERP

AUGUST 2, 2023

As members of one of the most highly regulated industries in the world, medical device manufacturers face numerous challenges. From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

OptiProERP

FEBRUARY 8, 2024

Additive Manufacturing (AM), often called 3D printing, has emerged as a revolutionary technology potentially transforming traditional production processes. As this innovative approach gains traction across various industries, the need for seamless integration with Enterprise Resource Planning (ERP) systems becomes increasingly evident.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Design Software 52

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. However, these technologies are poised to give benefits throughout the industry in several other ways as well. We are all in business to be successful and profitable, aren’t we?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SYSPRO Smarter ERP

MARCH 27, 2023

Instead of the old vertically integrated business models (where one manufacturer performed most activities), international supply chains using specialized suppliers led to lower costs of production and services, improved quality, and better pricing. Revise sourcing policies to focus more on reliable delivery rather than just lower costs.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Modeling 104

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

SYSPRO Smarter ERP

APRIL 11, 2022

Over the last decade, the role of the manufacturing and distribution CFO has undergone a profound shift. survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally.

Manufacturing Procurement 105

Manufacturing Procurement Distribution Supply Chain Design Software Manufacturing 105

SCMDOJO

APRIL 27, 2022

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. Design is the first step that happens in apparel manufacturing.

Apparel 114

Apparel Supply Chain Design Software Supply Chain Design Supply Chain Optimization 114

Supply Chain Game Changer

NOVEMBER 2, 2022

Manufacturing. Supply chain management is the backbone of manufacturing. These delays were most prevalent in the manufacturing, construction, and trade sectors as a result of supply chain disruptions. Such delays cause heavy losses to the affected industries, making them difficult to return to the pre-pandemic levels.

Supply Chain Planning Software 96

Supply Chain Planning Software Risk Management Supply Chain Software Predictive Analytics Software 96

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. For example, in manufacturing, the shift in focus is away from OEE to focus on first pass yield and schedule adherence.)

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers. Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. These challenges require a strategic and systematic approach to overcome them.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Resilinc

FEBRUARY 7, 2023

automotive industry was battered in 2022, with its sales dropping about 8% from 2021 to 13.7 YOY in 2022, a metric due partly to its robust sales of mid-size pickups, according to CNBC. What caused this rocky year for car manufacturers? million vehicles, a sales total not seen since 2011. GM was an exception with U.S.

Automotive 62

Automotive Industrial Industry Manufacturing Procurement 62

Supply Chain Shaman

JULY 25, 2021

I find the industry complicit. To make the point, let me share an orbit chart for four industries (reference Figure 1). While some might claim that the industry made progress, the facts show that the industry margin decreased precipitously in three of the four industries shown. How could the industry spend 1.7%

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Sourcing.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Logistics Viewpoints

DECEMBER 15, 2022

The retail industry is rich with data. Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. However, using metrics that can be easily tracked and updated is recommended.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Enterra Insights

AUGUST 20, 2019

There is continued buzz about Industry 4.0 — the nickname adopted for the ongoing fourth industrial revolution. We are at the cusp of a fourth industrial revolution driven by artificial intelligence, robotics, and web services. 1] One element of Industry 4.0 1] One element of Industry 4.0 They are: 1.

Supply Chain Design Software 100

Supply Chain Design Software Analytics Software Optimization Software Demand Planning Software 100

BlueYonder

APRIL 9, 2024

For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Dealing with each area — planning, manufacturing, distribution, fulfilment, etc. —

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Supply Chain Shaman

MARCH 28, 2016

The average manufacturing company’s supply chain organization is 15 years old. The first step in the journey is to analyze balance sheet results and understand industry trends. The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. We started the conversation with sourcing.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. Northrup Grumman, PACCAR Inc, ResMed, Ross Stores, Sleep Number, Subaru, Toro, and Taiwan Semiconductor Manufacturing (TSMC) Company.

Supply Chain Design Software 195

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

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. For instance: pumps and motors as MRO repair parts for industrial machinery. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

QAD

NOVEMBER 8, 2022

Supply chain challenges faced by manufacturers of delayed deliveries and stockouts take on additional urgency in the medical device arena, where patient well-being depends heavily on timely and accurate delivery. Broadening Multi-Sourcing and the Use of Near Shore Suppliers. It works both ways between manufacturers and their suppliers.

Optimal Sourcing 95

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 95

ToolsGroup

AUGUST 3, 2022

These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping ToolsGroup’s expanding team agile and highly coordinated: Jon Purdy is the new Chief Financial Officer. About ToolsGroup.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). The reinvention of planning is needed, but it is hard to unwind the industry. I have been an industry analyst for two decades. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. We started the conversation with sourcing.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

OCTOBER 25, 2021

Manage Make, Source, and Deliver Together. At the enterprise level, manufacturers and retailers focus on corporate efficiency. Fourteen of twenty-eight industries have rising inventories. In contrast, the balance of the industries lacks supply. Figure 1: Current State of a Global Manufacturer of White Goods.

Analytics Software 195

Analytics Software Analytics Supply Chain Design Software Supply Chain Planning Software 195

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Days of Inventory by Industry Sector Across Time Periods.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

APRIL 4, 2022

This is a public, multinational providing different types of electronic and machinery products for different industries. Not surprisingly a company this big, delivering different solutions to a variety of industries, has a complex supply chain. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194