Unleashed

DECEMBER 11, 2022

Efficient warehousing is all about knowing what’s working, what’s failing, and what can be improved. When you measure and analyse the right warehouse KPIs, you can make better-informed business decisions based on real data. That’s why, with so many possible variables to track, it’s critical to know which metrics matter most.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

ShipBob

OCTOBER 4, 2023

It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Taulia

SEPTEMBER 7, 2022

Getting this formula right – ensuring that inventory is always available when needed, but never a burden – is the central aim of inventory management. But, to complicate matters, there’s more than one inventory management strategy to choose from. What is an inventory management strategy?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Logistics Viewpoints

OCTOBER 12, 2023

The same “If” statement was repeated for a host of financial and operational metrics. The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

ThroughPut

OCTOBER 16, 2022

As stock shortages cause stumbling blocks due to inefficient inventory management, even excess inventory due to improper stock tracking can leave the business cash-strapped. As these problems multiply, inventory imbalances also lead to bottom-line losses due to expired or redundant stock. TRADITIONAL INVENTORY MANAGEMENT.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Silvon Software

JUNE 1, 2023

Ideally, your S&OP KPIs should consist of a mix of strategic, tactical, and operational metrics. At times, finding the right metrics can feel incredibly challenging, and there might be a tendency to measure things for the sake of measurement. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

Supply Chain Matters

OCTOBER 12, 2022

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. According to the September report , growth is increasing for inventory levels, inventory and warehousing costs.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Provides a solid foundation in the core principles of procurement and supply management.

Supply Chain Design Software 113

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 113

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? What are warehouse key performance indicators (KPIs)?

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Veridian Solutions

SEPTEMBER 20, 2018

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Using the right WMS and cycle counting best practices can dramatically shape the productivity of your operation from slotting optimization to returns management and beyond.

Inventory Management Software 45

Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 45

SCMDOJO

MARCH 8, 2024

Suppliers monitor stock levels and replenish inventory automatically, based on agreed-upon criteria such as sales data or predefined inventory levels. VMI reduces the burden on businesses by outsourcing inventory management tasks to suppliers, ensuring timely replenishment and minimizing stockouts.

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. However, with various inventory optimization models available, choosing the right one can be a challenge.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 89

Supply Chain Shaman

FEBRUARY 14, 2022

Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. 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. Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

ShipBob

DECEMBER 13, 2023

Maintaining a balanced level of ecommerce inventory so that you can achieve maximum profitability is what optimizing inventory health is all about. What is inventory health? Inventory health is the balance of maintaining stock levels that meet customer demand without leading to overstocking or understocking.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Unleashed

APRIL 21, 2024

Conversely, the order fulfilment process in this example might include picking the packets of coffee beans from the warehouse shelf, packaging them securely with the correct shipping label, and dispatching them for delivery to the customer’s address. The customer’s information and payment are verified for accuracy.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. Common performance metrics include process completion rate and the number of automated tasks.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

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 percentage points, noted as the second fastest rate of decline in this index’s history. percentage points in June.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Veridian Solutions

NOVEMBER 11, 2019

Supply chain leaders that wish to excel in last mile need to understand why the real value begins with this very first point and how effective first mile management enhances the entire process. As explained by Supply Chain 24/7 , digitalization of the logistics industry, including warehousing, continues to drive the market.

Warehousing 45

Warehousing Supply Chain Planning Software Vendor Strategies Optimal Sourcing 45

Unleashed

OCTOBER 30, 2023

Procurement and purchasing Before goods can be sold and delivered to customers, they must be produced, acquired, and prepared for sale. Procurement is the process of sourcing the suppliers and service providers that enable you to sell products. However, the order fulfilment process doesn’t end when an order leaves the warehouse.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

SYSPRO Smarter ERP

AUGUST 2, 2023

Challenge One: Comply with medical safety regulations By closing the gap between ERP and the quality system, medical device manufacturers can ensure real-time monitoring of quality metrics and bridge the compliance divide.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

GlobalTranz

DECEMBER 27, 2017

This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. e-Book] The Digital Supply Chain: The Landscape, Trends, Types, and the Application in Supply Chain Management. 10 Advantages of Slotting Optimization in Warehouses.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Supply Chain Shaman

OCTOBER 29, 2020

Yet, only 20% of companies actively manage supplier development programs to get cash to suppliers in need. Cash-to-Cash Metrics. Management of the cash-to-cash cycle is critical to maintaining working capital. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

ShipBob

NOVEMBER 6, 2023

Traditionally this was done manually, but the use of product barcodes and devices like inventory barcode scanners can streamline the process. Using an inventory management software can help you keep track of inventory during physical inventory counts. This is done by counting each unit.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

ShipBob

OCTOBER 1, 2021

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

Agile and Lean Supply Chain 52

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

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Unleashed

MARCH 31, 2021

In between those stages you have warehouses, distributors and shipping providers, who look after the movement and storage of the beans at each phase of their existence. A lean business looking to build efficiencies would do well to try and improve this metric. Inventory days of supply. E.g. 35 DOI + 31 DOR = 66.

Supply Chain Planning Software 69

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

ThroughPut

OCTOBER 22, 2021

Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. When demands for goods escalate, insufficient resources for procuring components can lead to unmet consumer demand. 3 crucial tactics for better buffer management. Inventory Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

American Global Logistics

SEPTEMBER 12, 2023

Supply chain management plays a crucial role in the success of businesses across industries. It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. This innovation significantly increased efficiency.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52