SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. This can include examining everything from inventory management and order fulfilment to warehousing, delivery, and customer service. Optimizing inventory can also be achieved by leveraging technology and data analytics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Logistics Bureau

OCTOBER 20, 2021

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. In full delivery: This KPI tracks the percentage of sales orders that are delivered completely, meaning that the customer receives the correct items, in the right quantities.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

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. Inventory strategy.

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. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Unleashed

DECEMBER 11, 2022

They’re an effective way to identify trends, uncover bottlenecks, and mitigate risks in your current warehouse processes. For example, the warehouse KPI ‘Receiving accuracy’ can determine if your receiving process is as accurate as you need it to be. 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

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

Procurement Analytics 64

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 64

GlobalTranz

JANUARY 19, 2018

These challenges can be overwhelming, but supply chain executives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). Learn the Landscape, trends, types, & applications. The Top Warehouse Management KPIs: Receiving and Put-Away KPIs. Shipping KPIs.

Supply Chain Design Software 143

Supply Chain Design Software Supply Chain Planning Software Warehousing Supply Chain Software 143

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. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

EazyStock

JANUARY 21, 2021

EazyStock is one such add-on that helps customers in need of more advanced inventory forecasting, planning and replenishment. In this post we’re going to review Dynamics Business Central’s inventory management capabilities and discuss what additional features and benefits EazyStock can offer. Manage non-stocked items.

Inventory Management Software 52

Inventory Management Software Inventory Management Forecasting Software Optimization Software 52

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Unleashed

APRIL 9, 2024

OTIF is an important KPI because it directly impacts customer satisfaction and trust in supply chain partnerships. It measures inventory availability and the ability to meet customer orders as they come in. Conversely, a low OTIF rate may force you to maintain higher inventory levels to compensate for uncertainties in supply.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Logility

SEPTEMBER 5, 2013

He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Get the Basics Right. Seeing the Future.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Logility

SEPTEMBER 5, 2013

He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. He utilized the built-in KPI’s and set up his own meaningful and business-specific metrics to drive a proactive S&OP business process. Get the Basics Right. Seeing the Future.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

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. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands. What is demand planning?

Supply and Demand 52

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

Techgistics

APRIL 30, 2023

Large amounts of data from various sources, including the agents, sensors, and other systems can be analyzed, to identify patterns, predict future trends, and make informed decisions. For example, ML can be used to make autonomous slotting decisions - no more manual processes or dependency on spreadsheets to slot inventory.

Optimization Software 130

Optimization Software Predictive Analytics Software Optimal Sourcing Warehousing 130

Logistics Bureau

JANUARY 3, 2018

It’s that time when idle chatter at the office Christmas lunch turns to debating what next year will bring, especially among logistics and supply chain professionals, for whom it seems every New Year brings new challenges, trends, and disruptive innovations. The 7 Trends for Supply Chain Pros to Watch in 2018.

Supply Chain Design Software 64

Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 64

Logistics Viewpoints

DECEMBER 5, 2022

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. Molex Realizes it Needs Better Visibility. Because of capacity issues, Molex is working with more logistics partners. Keys to Success.

Agile and Lean Supply Chain 196

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

Requis

JANUARY 9, 2020

Here are the supply chain trends that we see shaping the conversation, and the actual evolution, of B to B in 2020. In most of the supply chain trends articles you’ll read this month, there’s a lot of excitement about technologies like AI, IoT, blockchain, and in some sectors, BIM (building information modelling). Digital twins.

Supply Chain Planning Software 52

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

BlueYonder

MARCH 15, 2024

Accelerated Planning Every area in the supply chain is invested in accelerating its own plans and meeting its own KPIs already, but there’s no point in innovating and optimizing one area of planning if stakeholders are not considering the ripple effect in other areas. The result?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Planning Supply Chain Strategy 52

RFgen

APRIL 18, 2023

Overhead swells in direct proportion to misships, adding greater expense for return shipping fees, overnight and same-day ordering, wasted inventory, chargebacks , wages, and loss of customers. Assign a supervisor to monitor compliance and KPI metrics. Track metrics like inventory accuracy, order accuracy, mispicks, and misship rates.

Optimization Software 52

Optimization Software Supply Chain Planning Software Inventory Management Software Supply Chain Software 52

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

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. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Unleashed

JANUARY 5, 2021

Inventory management is a critical function of any business, with drastic implications on profit margins. Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. What is inventory turnover? Average inventory?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Inventory Management & Optimization: Managing inventory as working capital, focusing on demand planning, optimization, safety stock management, and meeting customer service expectations.

Supply Chain Planning Software 70

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

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

Arkieva

DECEMBER 18, 2019

Most software packages show current views of current forecasts, sales, production, and inventory. But what if you wanted visibility of the underlying trends, changes, patterns in all systems. In Search of the Dashboard You Deserve was first posted on December 18, 2019 at 9:50 am.

Forecasting Software 78

Forecasting Software Forecasting Supply Chain Planning Software Demand Planning Software 78

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

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

DynaSys

MARCH 17, 2020

Because the company relied on a state-of-the-art DSCP planning system covering the entire S&OP process from demand, production, and inventory through procurement and supply planning, integrated into the corporate global financial plan. Scenario Planning: Absolutely Critical.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Analytics Software 93

Intelligent Audit

NOVEMBER 3, 2022

It’s possible to include store capacity and inventory restrictions to best leverage stores as ship-from points. Technology can automatically track many KPIs for you or bring together data that allows you to run thorough reports. They offer insights into problems and areas for improvement.

Network Optimization 52

Network Optimization Supply Chain Network Software Optimization Software Modeling 52

QAD

NOVEMBER 19, 2019

Next we will provide an overview of the Inventory Value Action Center as well as the associated key performance indicators (KPIs). Inventory Value Action Center Overview. Here’s a look at the KPIs included and how to use them to monitor inventory management effectivity.

Inventory Reduction 87

Inventory Reduction Inventory Inventory Management Metrics 87

RFgen

MARCH 27, 2024

For any business that handles materials or fixed assets, inventory control is central to operational efficiency and customer satisfaction. To manage inventory efficiently requires technology. However, efficiency and optimization only come from advanced inventory control software. It’s a delicate balancing act.

Inventory Reduction 75

Inventory Reduction Inventory Management Software Resource Reduction Supply Chain Planning Software 75

Intelligent Audit

OCTOBER 27, 2022

Is it enough to adequately represent all the facts and identify trends? Inventory Predictions. Big data enables shippers to determine what and how much inventory they need to avoid stockouts or over-ordering. To go back to the social media example, this might look like the number of daily Facebook posts or Twitter mentions.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Unleashed

SEPTEMBER 22, 2019

This gives us a percentage KPI to track. Since DIFOT is reliant on having stock to supply, it stands to reason that it is negatively impacted by failures of the inventory management system. This also affects accurate forecasting which can be affected by seasons and trends. What is DIFOT exactly and how can it be applied?

Metrics 61

Metrics Supply Chain Design Software Inventory Management Software Forecasting Software 61