Logistics Viewpoints

JUNE 22, 2023

Adding this key performance indicator (KPI) to your supply chain allows businesses to measure themselves while being able to evaluate the performance of all the participants in the commerce ecosystem. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. How can an OMS help improve OTIF?

Supply Chain Software 189

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 189

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

SCMDOJO

JUNE 6, 2023

This Distribution Operations Assessment tool can be used by Original Equipment Manufacturers (OEMs), Principal Corporates, and distributors themselves to gain insight into materials management and logistics knowledge, identify gaps in skills and knowledge, and foster critical thinking and self-awareness. . #

Supply Chain Planning Software 89

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

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

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. Nearly all strategies put forward by organizations, including Carlsberg, come with a 2030 or 2040 asterisk.

Optimal Sourcing 100

Optimal Sourcing Sustainability Material Savings Waste Reduction 100

Silvon Software

APRIL 11, 2024

The Data Opportunity for Expanding Businesses Implementing a data analytics strategy in a growing business can yield numerous benefits, including: Enhancing Customer Insights and Personalization In the journey of expansion, understanding and meeting customer needs becomes increasingly complex.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Precoro

JULY 16, 2023

This individual also ensures that established purchasing practices align with the general company financial strategy and business objectives. In other words, the purchasing manager is responsible for securing inventory requirements within the company’s budget and overall efficiency of the company’s purchases.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Also, keep in mind that aligning your S&OP KPIs with business strategy is an iterative process.

S&OP 93

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

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

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

DELMIA Quintiq

DECEMBER 23, 2014

Planners who create and compare optimized scenarios will quickly achieve an optimal strategy Click To Tweet. This means that creating forecasts and promotional and pricing plans must be integrated with functions including distribution, operations planning, and manufacturing. Tip 5: Close the inventory gap between model and reality.

Modeling 299

Modeling Supply Chain Planning Software Inventory Reduction Scenario Planning 299

Precoro

OCTOBER 10, 2022

Align procurement workflow with business objectives, goals, and strategies. 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). Cost Reduction.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Improved Customer Satisfaction A structured department is better equipped to handle customer demands.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. This KPI helps you understand the efficiency and accuracy of your demand planning and forecasting processes. High inventory turnover rates indicate strong sales or insufficient stock on hand.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Silvon Software

APRIL 1, 2024

Business strategy solution jigsaw puzzle Today’s business applications are capturing, processing, and storing unprecedented volumes of data. Systems like ERP are at the heart of this data deluge, tracking everything from sales and financials to manufacturing and supply chain operations.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

Silvon Software

MARCH 3, 2023

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. But simply putting an S&OP strategy in place isn’t enough.

S&OP 102

S&OP Procurement Analytics Supply and Demand Analytics Software 102

Logistics Viewpoints

DECEMBER 5, 2022

The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. The Molex Supply Chain.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

QAD

AUGUST 24, 2021

Disruption is the watchword for manufacturers these days – even without the global COVID-19 pandemic, manufacturers constantly deal with supply chain interruptions, fluid customer demands, global economic pressures, and technology-driven competition, among other forces. Business Change Management. QAD’s Customer Engagement Program.

Supply Chain Planning Software 98

Supply Chain Planning Software Inventory Reduction Resource Reduction Analytics Software 98

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. For example, if your strategy is to improve Quality, the people in the value stream would own a control chart of heat applied to the product.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

BlueYonder

MARCH 25, 2022

End-to-end supply chain visibility is the ability to track raw materials, finished goods and key assets as they move through your supply chain from suppliers, to manufacturers, to omni-channel retailers, to the end consumer. A supply chain visibility solution must include: Ability to ingest and manage enterprise data.

Modeling 94

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Strategy 94

RFgen

FEBRUARY 29, 2024

At the heart of Pfizer’s mission lies a delicate balance of science, strategy, and innovation. Efficient supply chain technology and manufacturing processes are two major factors that contributed to over $58.4 Fluctuating demand and unforeseen disruptions, such as drug shortages, must be met with a unique blend of science and strategy.

Supply Chain Planning Software 52

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

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. For example: Verify your strategy. Should you use the same KPIs as everyone else?

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

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

RFgen

NOVEMBER 16, 2023

The State of ERP Migration Enterprise resource planning (ERP) systems continue to be a significant stepping stone in digital transformation strategies. Automated data collection systems are vital for effective inventory management , logistics, and overall operational efficiency. Live KPI dashboards for warehousing and manufacturing.

Supply Chain Planning Software 79

Supply Chain Planning Software Inventory Management Software Supply Chain Software Logistics Network Optimization Software 79

The Logistics of Logistics

NOVEMBER 12, 2021

From inventory counting drones, robotic automation, human exo-skeletons, and virtual reality applications – these were just a few of the many solutions they regularly explored. Covenant Logistics was founded in 1986 and is based in Chattanooga, Tennessee. Key Takeaways: Is Sustainability Really a Problem. Matt McLelland LinkedIn.

Sustainability 130

Sustainability Logistics Network Optimization Software Inventory Reduction Supply Chain Software 130

Supply Chain Shaman

FEBRUARY 12, 2017

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015.

Pharmaceutical 150

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

crisp

DECEMBER 15, 2021

Step 1: Set the strategy. 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. This is an inherent trade off, and therefore a decision to consider when you set your strategy.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Professionals in this field often find themselves venturing into manufacturing, IT, technology, ERP systems, and even commercial roles.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

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. They analyze risks and prepare strategies to mitigate supply chain disturbances. raw materials) between its sites.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

DELMIA Quintiq

OCTOBER 30, 2014

How do manufacturers manage a complex multi-product plant? Join us at our Istanbul event and listen to leading industry experts share their knowledge on smarter planning strategies. It is exciting to know that technology innovation has enabled businesses to increase output, as well as improve delivery performance and reduce inventory.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 149

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. Examples of such analyses include the performance of a supply chain or the inventory levels of a warehouse. What are some examples of Supply Chain Analytics?

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

GlobalTranz

JULY 7, 2015

This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. Pulling data from KPI helps your reverse supply chain system run fast and effectively when embarking on the disposition process. Improved transparency of the status of the returned item.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

GlobalTranz

DECEMBER 28, 2015

We write to five main categories on the Cerasis blog: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. In our series, we first created the top manufacturing articles list, followed by the top supply chain articles list. Naturally, we are progressing from the broader categories to the more specific.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Third Party Logistics 3PL 120

Supply Chain Game Changer

SEPTEMBER 10, 2019

Ensuring deliveries are on time , making sure purchase orders are placed, changed, and acknowledged, keeping track of and reducing inventory levels, managing forecasts and forecast accuracy, and training and retaining resources are just a few of the basics that companies are working vigilantly to address every hour of every day.

Resource Reduction 51

Resource Reduction Cost Reduction Strategies Inventory Reduction Forecasting Software 51

Intelligent Audit

NOVEMBER 3, 2022

While disruptions and consumer demands are significant challenges, shippers with the right strategies and technologies can navigate them successfully. For instance, it may be better to ship straight from a warehouse or manufacturer, while in other cases, it’s best to ship from a store. . Ready Your Data. Gain Insights from Data.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52