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. What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

QAD

JULY 1, 2021

This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Improving communication between departments and comparing metrics across them. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 88

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 88

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. Sometimes, I take the call.

Procurement Analytics 370

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

Supply Chain Shaman

SEPTEMBER 28, 2022

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. Ford, historically has been an industry laggard in the automotive sector and, with this focus, will continue to be a laggard in the future. Results in the Automotive Industry for the period of 2012-2021. Conclusion.

Manufacturing Procurement 195

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

DELMIA Quintiq

SEPTEMBER 10, 2019

The question that seems to get asked more often than not is to talk about how many industrial applications we can name for machine learning. Industrial Applications and Transformations Attributed to Machine Learning. Industry Week confirms these issues. Well, frankly that’s the wrong question. The possibilities are endless.

Supply Chain Design Software 149

Supply Chain Design Software Predictive Analytics Software Modeling Software Industrial 149

Unleashed

OCTOBER 31, 2023

Workforce optimisation (WFO) refers to the practices and tactics a company implements to improve its employees and organisational efficiency. Greater compliance lifts your reputation within your industry, and amongst your customers, and it improves your standing with compliance monitors. Let’s dive in.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 18, 2021

While the industry is flush with terms like digital twin and what-if modeling, current applications were not equal to the need. Most of the industry makes most of the visibility solutions from third-party logistics providers and technologists obsolete. Watermelon Metrics Don’t Drive The Right Results. Next Steps.

Supply Chain Planning Software 278

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

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Relying on our experience in the industry and academic field, it is worth to say that if everything is urgent, nothing is urgent! Industry 4.0. Cyber Physical Systems (CPSs) are key enablers for Industry 4.0.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Source: IDC, Future Enterprise Resiliency & Spending Survey – Wave 2, April 2023 In a supply chain context, knowledge management applications refer to the use of generative AI to capture, store, organize, and leverage large datasets and insights generated throughout the supply chain processes.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

GlobalTranz

AUGUST 26, 2021

But there are times when it becomes necessary to outsource the entire process thoroughly, which many refer to as transportation as a service. The industry continues to boom, and companies will continue to grow in response to consumer demand. Around-the-clock, anywhere access empowers global operations with advanced metrics and data.

Logistics Network Optimization Software 283

Logistics Network Optimization Software Transportation Management 3PL Optimization Software 283

Supply Chain Game Changer

MAY 19, 2021

Creative marketing in the cryptocurrency industry article and permission to publish here provided by Judy Smith. It is no different in the crypto industry, where thousands of projects are created every day in a thriving and competitive environment. The crypto industry provides a unique opportunity to innovate using creative marketing.

Industrial 62

Industrial Industry Supply Chain Design Software Resource Reduction 62

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Pierre-Francois Thaler, co-founder and co-CEO, explains the company’s business model and why it’s important to get rated.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

DELMIA Quintiq

NOVEMBER 6, 2019

As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? These benefits are often referred to as “soft,” given the somewhat subjective nature of measurement. As a result, this metric is often downplayed or not referenced in the discussion.

Supply Chain Design Software 235

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 235

Supply Chain Shaman

MARCH 5, 2019

The industry is moving down a path of “groupthink.”. Make sure that the data is harmonized to ensure all data has the same time reference. The focus is on functional metrics, but are unable to get to overall supply chain metrics. The reference for supply chain leaders is an airport control tower. 2) Latency.

Supply Chain Design Software 286

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 286

Talking Logistics

OCTOBER 18, 2016

This has created what some in the industry are referring to as “supply chain impatience.”. Combining Technology and Industry Expertise. What is driving this growth is much-needed industry expertise. The need for this next-gen technology has contributed to the significant growth of the 3PL market in recent years.

Demand Planning Software 100

Demand Planning Software Supply Chain Planning Software 3PL Supply Chain Network Software 100

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

QAD

OCTOBER 18, 2022

Governments and industries are joining this trend by creating new laws and regulations to ensure that businesses are respecting human rights, supporting diversity and respecting the planet. Risk Event Monitoring refers to supply chain disruptions that can be caused by weather, geopolitical events and other hazards.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

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. Traditionally what we typically refer to as indirect goods are mostly in Category 4. For instance: pumps and motors as MRO repair parts for industrial machinery.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

OptiProERP

APRIL 17, 2022

In this blog, you will learn how a Manufacturing Execution System (MES), also known as a Shop Floor Execution System (SFES), embedded in an ERP (Enterprise Resource Planning) system transformed an industrial machinery manufacturer’s shop floor to help grow their business. Better Decision Making with Real-Time Insight.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Manufacturing Demand Planning Software 52

Supply Chain Shaman

MAY 6, 2014

Then I go to a conference like Logimed USA, and I get immersed in another industry—like medical devices—which is a decade behind CPG/retail, and I get a reality check. In the medical device industry, they have no scorecards with hospitals and they are just starting on the adoption of the GS1 standards. It is useful to get perspective.

Supply Chain Software 296

Supply Chain Software Conference Supply Chain Planning Packaging 296

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

DELMIA Quintiq

NOVEMBER 6, 2019

As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies? These benefits are often referred to as “soft,” given the somewhat subjective nature of measurement. As a result, this metric is often downplayed or not referenced in the discussion.

Supply Chain Design Software 149

Supply Chain Design Software Manufacturing Optimization Software Predictive Analytics Software 149

Logistics Viewpoints

MARCH 27, 2023

When companies talk about improving their forecasting, they are most often referring to demand forecasting. In consumer goods industries, better forecasting leads to lower fines from retailers for late or incomplete deliveries. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

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

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

QAD

JANUARY 6, 2022

The authors refer to the bounty of benefits that accrue from digital maturity. In its 2021 survey, Deloitte once again affirmed the fact that more digitally mature businesses outperform industry averages on a variety of financial metrics. The Tomorrow broadcast focused specifically on; Digitizing Quality and Industry Compliance.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Optimization Software Tools 92

Supply Chain Shaman

FEBRUARY 14, 2022

Industries carried on average 32 days more inventory in 2020 than in 2007. (I Organizations can align to drive value despite the allegiance to functional metrics. The industry considers the company a leader, but I know the dark side that internally, the IT processes squash innovation. I give you this evidence in this blog.).

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Unleashed

APRIL 29, 2024

Work in progress (WIP) inventory refers to partially completed goods or products still in the production process that have not yet reached the final stage of completion. Work in progress, on the other hand, usually refers to larger, more complex projects. What is work in process (WIP) inventory?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

Supply Chain Game Changer

JANUARY 14, 2022

This includes public social media profiles, online presence, and other such metrics. Taking its programming into consideration and comparing these assessments to the company’s metrics, an AI program can let you know if the candidate will fit in well. These days, industries are not as stable as companies would want them to be.

Resource Reduction 95

Resource Reduction Supply Chain Software Cost Reduction Strategies Resources 95

Supply Chain Shaman

OCTOBER 5, 2018

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve.

Case Study 257

Case Study Inventory Reduction Agile and Lean Supply Chain Study 257

New Horizon Supply Chain Blog

OCTOBER 21, 2022

The Association for Supply Chain Management (ASCM, formerly APICS) just announced a major update to their Supply Chain Operations Reference (SCOR) model, in what they’re calling “the most significant update since the inception of SCOR in 1996.” The new interactive model is available on their site here.

Modeling Software 52

Modeling Software Modeling Sourcing Strategies Gartner 52

ThroughPut

MAY 25, 2021

How To Leverage The Benefits Of S&OP For The Food And Beverage Industry? Supply chain-focused organizations like the food and beverages industry can turn the tide with an efficient S&OP process and improve their overall business performance. How different is S&OP in the volatile world of the food and beverage industry?

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

ThroughPut

MAY 25, 2021

Supply chain-focused organizations like the food and beverages industry can turn the tide with an efficient S&OP process and improve their overall business performance. . How different is S&OP in the volatile world of the food and beverage industry? The food and beverage (F&B) industry is however a different game.

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

Supply Chain Opz

JANUARY 3, 2022

It also gets very positive endorsements from supply chain industry experts. Cons: Transportation is sometimes referred to as "Outbound Logistics". Chapter 2 will introduce you to the on-time, in full metric. Reference - Flöthmann, C., & He has an MBA from UCLA. Our Rating: 5/5 2. Our Rating: 4.9/5 & Hoberg, K.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Logility

MARCH 16, 2021

Join industry leaders Lora Cecere, founder, Supply Chain Insights, and Mac McGary, executive vice president, Logility, as they explore how to build a more resilient supply chain to quickly respond to shifts in today’s dynamic market. ATLANTA – March 16, 2021 – Logility, Inc., These factors include, but are not limited to, continuing U.S.

Supply Chain Planning Software 130

Supply Chain Planning Software Analytics Software Demand Planning Software Optimization Software 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. What do voids refer to? Store and retailer retention.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98