SCMDOJO

MARCH 19, 2024

Functions of the Supply Chain Department The supply chain department is responsible for a wide range of functions, each contributing to the overall efficiency of the supply chain. These functions include procurement, production planning, inventory management, logistics, and customer service.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Unleashed

APRIL 9, 2024

To measure how effective a company is at delivering complete orders on time, you can use the aptly named On Time in Full (OTIF) metric. OTIF meaning On Time in Full (OTIF) is a supply chain management metric that tracks a supplier’s ability to meet delivery promises. What is On Time in Full?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

SYSPRO Smarter ERP

APRIL 24, 2023

SCOR Processes To measure and monitor the performance of these processes, the SCOR model also has metrics which can be used for supply chain performance — Reliability, Responsiveness, Agility, Cost, Profit, and Asset Management, and has recently added metrics for Environmental and Social attributes.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

DELMIA Quintiq

JUNE 21, 2021

In this new, connected world, the Warehouse of the Future is about achieving key operational metrics and exceeding customer service requirements more profitably while supporting sustainability goals. This helps in optimizing inventory management as well as in making the warehouse safer while increasing visibility.

Inventory Management Software 156

Inventory Management Software Optimization Software Supply Chain Planning Software Supply Chain Software 156

SCMDOJO

APRIL 29, 2024

Warehousing: Warehousing involves the storage and management of inventory. It also involves inventory management, order fulfillment, and monitoring stock levels. Transportation: Transportation plays a pivotal role in supply chain management.

Supply Chain Planning Software 54

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 54

QAD

JUNE 20, 2023

A well-functioning supply chain ensures that a company has the right materials, at the right time, in the right quantities, to meet customer demand. One area that is often overlooked is the impact that the plant floor can have on overall supply chain performance and success.

Optimal Sourcing 88

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 88

Taulia

OCTOBER 20, 2021

As such, an efficient supply chain is one in which orders are fulfilled by suppliers on time, while minimizing operational costs. While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

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 Game Changer

JULY 21, 2021

Product Management KPIs! Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. The supply chain is a complex, non-linear system. In the setting of strategy goals, executive teams often set unrealistic goals because they are not aligned with supply chain potential.

Inventory Reduction 158

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 158

Taulia

AUGUST 29, 2023

Companies can also manage supplier relationships more efficiently by prioritizing the relationships that are most important to the business. Choose the right inventory management approach Different companies will opt for different approaches when it comes to inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Supply Chain Shaman

JUNE 19, 2013

Supply chains have not morphed to manage the complexity at the same cost, quality and level of customer service. Cycle Management is Stalled. The only industry that has made progress in inventory management is consumer electronics.

Forecasting 271

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 271

Supply Chain Shaman

MAY 3, 2015

While we cannot access customer service levels for public companies, we can measure progress at the intersection of operating margins and inventory turns. At Supply Chain Insights , this is our passion. We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

FEBRUARY 22, 2015

The more that I work on supply chain metrics, the more that I believe that both the SCOR model and the Gartner Hierarchy of Supply Chain Metrics (which I worked on for the period of 2006-2010) reward functional, not end-to-end supply chain behavior. Lora Cecere is the Supply Chain Shaman.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Modeling Software 150

SCMDOJO

JUNE 6, 2023

However, with various inventory optimization models available, choosing the right one can be a challenge. Allocating a significant amount of cash flow to inventory is essential to ensure a smooth production flow and meet customer demands effectively.

Supply Chain Planning Software 89

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

The Logistics & Supply Chain Management Society

JULY 20, 2020

It helps the supply chain become compressed and tightly integrated through shortened life cycles, lead times and minimised operations’ cost. Supply chain leaders need to focus on three key areas to leverage the supply chain performance and to satisfy the demand in the market both during and after crisis.

Agile and Lean Supply Chain 230

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

Logility

JANUARY 16, 2018

I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. Demand sensing does not help supply planning and has no effect on inventory management. Here in lays the crux of the issue with demand sensing.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Zipline Logistics

JANUARY 26, 2021

Shipping healthcare products to in-network distribution centers, third-party warehousing providers, and a wide array of customers, organizations must maintain visibility to achieve effective inventory management practices and unlock critical analytics that can effectively diagnose supply chain health.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 52

Clear Spider

OCTOBER 26, 2022

To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits. Why Vendor Managed Inventory? In recent years business models have moved towards leaner inventory practices and demand-driven supply chain management.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 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

MAY 13, 2015

This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. I knew nothing about the world of logistics, inventory management and order optimization. Warehouse Management and Transportation Management were in their infancy. The year was 1985.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

Zipline Logistics

APRIL 20, 2020

By having enhanced visibility into crucial logistics processes, ingredient shippers can increase efficiencies, reduce cost, shorten time to market, and improve inventory management. There are a few things that most food ingredient suppliers can do to increase supply chain performance.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software Supply Chain Design Software 52

SCMDOJO

JUNE 6, 2023

Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment. What’s more, data analytics can help businesses implement ‘just-in-time’ (JIT) inventory management. What is JIT inventory management?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Supply Chain Shaman

JULY 30, 2022

At the conference, hear from five Supply Chains to Admire Award winners and brainstorm on lessons learned. In the last decade, supply chain performance declined. Attempting to drive perfection from imperfect data. Demand plans focused on understanding market flows and decreasing latency. Build Teams.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

ThroughPut

DECEMBER 6, 2023

Supply chain predictive analytics enhances operational efficiencies and offers a unique competitive edge in today’s fast-paced business landscape. Companies implementing supply chain predictive analytics experience a multitude of benefits. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

ThroughPut

DECEMBER 8, 2023

By using prescriptive analytics, companies can optimize their supply chain operations, reduce costs, and make better decisions, ultimately enhancing their overall supply chain performance. How Prescriptive Analytics Has Been Driving Value In Supply Chain Optimization?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

ShipBob

APRIL 26, 2023

In an ecommerce business, supply chain performance is one of the key factors affecting the performance of the business as a whole. If the supply chain isn’t moving as seamlessly as it should, it could cause disruptions further down the line, and even result in delivery delays and customer disappointment.

Supply Chain Planning Software 52

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

ThroughPut

AUGUST 12, 2021

S&OP helps to align demand with supply and avoid metrics of losses that are presented through insufficient supplies or excessive inventories. This generates an X-ray overview of the supply chain performance, greatly enhancing visibility. Better inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction S&OP Scenario Planning 52

Supply Chain Shaman

DECEMBER 7, 2022

In this Forbes article, I write about my insights from the Supply Chains to Admire Work , an annual assessment of balance sheet performance, and a hard look at supply chain performance. The Journey. We are currently re-working this analysis and would love to have you participate in the current study.

Inventory Reduction 55

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 55

Supply Chain Shaman

JULY 8, 2013

The current focus is on store-by-store productivity and the design of the supply chain from the outside-in. In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Why it Matters.

Supply and Demand 215

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 215

Zipline Logistics

JANUARY 10, 2023

However, this model does not allow brands to be in control over production or inventory management. Forward-thinking brands are tracking crucial metrics to illuminate their supply chains and find control. Perform a network analysis. Create a logistics strategy that works.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Oracle SCM

AUGUST 1, 2018

I’ve had direct experience with several of these projects both as a vendor and as an operations/supply chain practitioner and I wanted to discuss the benefits I’d seen, some of the key success factors in these types of projects and how disruptive technology is fitting into the picture. Reducing in store stock outs.

Supply Chain Planning Software 104

Supply Chain Planning Software Inventory Management Software Gartner Demand Planning Software 104

Zipline Logistics

MARCH 18, 2020

It currently just uses on-time metrics to grade suppliers and the store’s retail buyers can base purchasing decisions on a brand’s delivery performance. Download the free white paper to learn more about how data can be used to reduce logistics spend while improving supply chain performance.

Vendor Strategies 52

Vendor Strategies Procurement Analytics Buyer Training Supply Chain Planning Software 52

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 345

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 345

Veridian Solutions

AUGUST 5, 2019

Supply chain leaders need to understand the challenges of applying omnichannel analytics, how they enable insight across supply chain functions, such as order fulfillment and inventory management, and how to apply them to achieve the greatest result. Download WhitePaper.

Omnichannel 40

Omnichannel Analytics Software Analytics Supply Chain Strategy 40

Supply Chain Matters

AUGUST 8, 2022

Interestingly, the downshifts we observed in transportation metrics were much more muted in the last week of July, leaving open a possibility for a bit of recovery as we move towards peak season. Warehousing and Inventory metrics continue to buoy the logistics sector. that we have not seen since April of 2019.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52