Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Inventory Turnover (Cash). Customer Lead Time (Service).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

Unleashed

DECEMBER 11, 2022

For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. Order cycle time (Delivery Date – Order Date) / Total Number of Orders Shipped = Order Cycle Time Order cycle time is the average time it takes for an order to be shipped from when it was placed.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Silvon Software

MARCH 3, 2023

Key to that is understanding what you should measure to assess your S&OP effectiveness, where to set your Key Performance Indicators (KPIs) and the most optimal methods you should use to analyze your data to improve performance. Following are just a few examples of how measuring on-time delivery can be difficult: Volume of ordered goods.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Optimize inventory levels to meet demand efficiently. Enroll Now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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 items that your customers order should be in stock and ready to ship.

Optimal Sourcing 52

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

Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. ” Purchasing – “The KPI most used in Purchasing Departments is Stock Turn.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

crisp

DECEMBER 15, 2021

A good KPI to track for this goal might be a low out of stock (OOS) rate. But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. Once you’ve set your strategy and KPIs, it’s time to use process mapping to define the steps that will help you achieve those goals.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI? Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Logility

APRIL 10, 2017

In many cases you will discover that processes like demand, inventory, replenishment, and manufacturing planning are limited by a lack of software capability. A SCP SOR improves processes and leads to better planning, which in turn reduces inventories, drives down costs, improves customer service, and increases revenues.

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 100

Intelligent Audit

NOVEMBER 3, 2022

Transportation network optimization is simply streamlining your network of logistics carriers, the methods for shipping, and the processes for managing the network. This adaptation allows shippers to find the best choice for each situation and manage the disruptions in the shipping industry. What Is Transportation Network Optimization?

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. Other areas to consider measuring as it relates to transportation: Managing inventory.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Kanban Logistics

FEBRUARY 27, 2020

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Multi – channel capabilities : The WMS can manage inventory and orders related to both B2B and B2C simultaneously. FedEx, USPS and UPS) for real-time shipping updates.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Unleashed

JANUARY 10, 2023

Supply chain planning is the process of optimising the delivery of goods and services from manufacturer to consumer. That’s why you need to ensure you’ve got systems in place to collect key data relating to purchasing, logistics, inventory, and sales. Continue to optimise until your entire production ship is firing on all cylinders.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

ThroughPut

OCTOBER 20, 2022

“With our new geospatial capabilities, you effectively get a prioritized plan of action that helps you accomplish more with less to free-up precious capital and physical room for smoother material flow and better inventory turns of what actually sells well at the most profitable levels.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 108

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 108

ToolsGroup

AUGUST 11, 2020

Most use ‘forecast accuracy’ as the main KPI to do this. Therefore it follows logically that filling orders–or order line fill rate (OLFR)–should be the number one KPI that tells you whether you’re meeting service levels. You can’t use an intermittent demand signal to plan inventory. To service demand!

KPI 156

KPI Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software 156

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

QAD

JANUARY 7, 2021

Next, we will provide an overview of the Inventory Expired and Expiring Action Center as well as the associated key performance indicators (KPIs). When inventory has a shelf life, it’s critical for the company to keep tabs on upcoming inventory approaching its expiration date.

Inventory 95

Inventory Forecasting Forecasting Software Inventory Management Software 95

RFgen

AUGUST 12, 2020

This has become even more apparent as manufacturers and warehouses adjust to irregular surges in demand with significantly disrupted supply chains caused by COVID-19. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 55

Supply Chain Software Beverage Food Supply Chain Design Software 55

RFgen

AUGUST 12, 2020

This has become even more apparent as manufacturers and warehouses adjust to irregular surges in demand with significantly disrupted supply chains caused by COVID-19. In each, warehouse automation technologies, such as mobile barcoding and automated data collection , have helped companies reduce spend and improve KPI performance.

Supply Chain Software 52

Supply Chain Software Beverage Food Supply Chain Design Software 52

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. Many industries try to imitate Dell''s success.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. After reading, you will be better informed about the most appropriate KPIs for IM and know the more commonly used ones. 10 Invaluable KPIs to Track Inventory Management Performance.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 81

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 81

Logistics Bureau

JULY 18, 2018

Manufacturers may recall stock because of flaws or to replace older products with newer ones. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. Reps work with customers to get computers installed and working as required, rather than shipping them back.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

Unleashed

NOVEMBER 20, 2023

Supply chain optimisation helps manufacturing businesses drastically reduce operational costs to improve revenue and customer satisfaction. In our latest Supply Chain Roundtable, four experts share their advice and experience around optimising the manufacturing supply chain. And you’d be right – they’re certainly a factor.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

6 River Systems

FEBRUARY 22, 2019

It’s also very efficient, meaning it will allow your employees to process more orders on a hourly basis with virtually impossible odds of shipping the incorrect products to your customers. Define normal parameters and fine-tune the physical inventory system. Once the method is working, standardize it. Robin Schwartz, PHR.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 113

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 113

Precoro

OCTOBER 10, 2022

Procurement KPI Categories. Depending on their purpose, procurement KPIs can be divided into the following categories : Cost-saving KPIs: Procurement ROI, Cost Reduction, Cost Avoidance, Spend Under Management (SUM). Quality KPIs: Compliance Rate, Supplier Defect Rate, Purchase Order Accuracy. Cost Reduction.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Silvon Software

APRIL 1, 2024

Systems like ERP are at the heart of this data deluge, tracking everything from sales and financials to manufacturing and supply chain operations. Historically, operational reporting answered simple but vital questions about a business’s current status, like cash on hand or inventory levels.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

QAD

OCTOBER 13, 2020

In our previous Actionable Insights blog , we discussed the Purchasing Inventory Effectiveness Action Center. Next, we will provide an overview of the Operations Production Andon Board Action Center as well as the associated key performance indicators (KPIs). KPIs on the Operations Production Andon Board Action Center.

Procurement Analytics 98

Procurement Analytics Manufacturing Procurement Cost Reduction Strategies Inventory Reduction 98

Unleashed

FEBRUARY 28, 2023

It can also be an important productivity key performance indicator (KPI), used to track progress and highlight areas where more training or better equipment may be required. Although receiving efficiency is itself a KPI, other metrics can also assist in measuring how optimally your business receives goods.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

Logistics Bureau

NOVEMBER 27, 2016

The measurements however, are just a means to an end , with the KPI-driven conversations being considered more important than the actual metrics. Like everything else in the McDonalds approach to supply chain management, KPIs are in place to provide insight and support alignment , not to lord it over suppliers.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

RFgen

FEBRUARY 29, 2024

To ensure its place at the forefront of pharmaceutical manufacturing and supply chain management, Pfizer: Operates 58 Manufacturing Sites Worldwide Spanning continents, these sites are equipped with cutting-edge technology to ensure the production of high-quality medicines. billion in revenue in 2023 alone.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Pharmaceutical Supply Chain Software 52

SCMDOJO

JANUARY 17, 2024

A myriad of professionals within the field ensures timely deliveries from suppliers and orchestrates manufacturing processes to meet your requirements, contributing to a rewarding career path in supply chain management. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g.,

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69