Logility

AUGUST 5, 2021

With global business complexities growing every day, companies must have business processes in place to help manage the trade-offs between the supply and demand sides of their supply chain. If your sustainable competitive advantage is centered on strong customer relationships, you may carry more inventory than your peers.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Shaman

SEPTEMBER 22, 2022

This week, I spoke at a University of Wisconsin event on responsiveness and ASCM on the future of supply chain planning. Here I want to share insights on my beliefs on the future of Supply Chain Planning. Managing supply chains in the face of this level of uncertainty is new and unprecedented.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

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.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 79

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 79

Logility

AUGUST 25, 2020

A quick scan of the Internet will yield a long list of “the biggest-ever supply chain disasters”. in inventory write-down and 20% drop in stock value. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Supply chain cost per unit sold.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Unleashed

APRIL 1, 2024

Effective perishable goods inventory management will save your organisation money by minimising inventory waste and reducing your carrying costs. This guide explores all you need to know about perishable goods inventory. Perishable goods, also known as perishable goods inventory, are products that expire or degrade over time.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Supply Chain Shaman

JULY 25, 2021

As a guest writer for Forbes, public relations firms constantly pepper me with requests to speak to technologists boasting of having answers to improve supply chain resilience. I strongly believe that historical supply chain practices are not the answer. They need to evolve to help today’s supply chain business leader.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Logistics Viewpoints

JUNE 26, 2023

Mars has been on a journey to transform their digital supply chain. In 2019, Will Beery was appointed the vice president and tasked with leading the company’s global digital supply chain transformation. Mars’s Digital Transformation Mr. Beery started by asking, “what does a digital supply chain mean for us?”

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. The pandemic’s global scale exposed largely unprecedented, supply chain vulnerabilities. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

SEPTEMBER 28, 2022

The supply chain team’s past thirty-two months of disruption were a long, winding road full of surprises. Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. The goal is to help supply chain leaders to understand which techniques work and which do not.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. Ways to enhance your order cycle time include: Understanding order profiles Reallocating resources to the areas of greatest activity Reducing travel time Prioritising inventory replenishments 2.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Logility

JANUARY 4, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced a partnership with Planalytics, Inc. This provides businesses with demand analytics to plan and optimize operations more effectively, keeping organizations one step ahead of shifting supply and demand trends. ATLANTA – Jan.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Supply Chain Shaman

OCTOBER 5, 2018

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years. Supply Chains to Admire Methodology.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

QAD

JULY 1, 2021

Total manufacturing costs showcase how much your company spent to produce its inventory in a given period of time. This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Notice that it’s direct materials.

Manufacturing Procurement 89

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 89

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

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. By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance.

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Explore our live inventory calculators and formulas page. In this article on inventory performance measures.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Enterra Insights

AUGUST 18, 2021

Many experts believe the Internet of Things (IoT) is poised to revolutionize supply chain operations. Steven Manifold, Chief Marketing Officer at Ubisense, believes the revolution has also been slowed by a lack of understanding on the part of supply chain professionals. Potential Supply Chain Benefits of IoT Solutions.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Design 130

ThroughPut

AUGUST 18, 2023

By now, everyone seems to understand that supply chain has the potential to transform into a key competitive advantage for businesses. It is an open secret that supply chain and finance are inextricably linked and that supply chain efficiency can have a direct impact on the company’s revenue. Here’s how.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Software Material Savings Expense Reduction 52

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic.

Manufacturing Procurement 105

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

Elementum

AUGUST 17, 2022

It’s 2022, and there is software on the market for every situation—including software that meets the needs of supply chain management (SCM). If there’s anything the COVID-19 pandemic has taught us, it’s the need to manage our supply chains carefully. Supply chains are complicated and delicate.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Supply Chain Shaman

OCTOBER 11, 2012

“If only I had the money that the company was supposed to save from the multiple ERP and supply chain projects. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management.

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

SCMDOJO

JUNE 14, 2023

As supply chain professionals, we must understand the role of Effectiveness & Efficiency in Supply Chain Optimization But while you may have already implemented changes, you feel like there’s still something missing to decrease your cost. Having supply chain visibility is crucial for several reasons.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Planning Software Supply Chain Planning Supply Chain Software 92

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 76

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 76

Unleashed

OCTOBER 8, 2023

Accurate inventory accounting requires accurate data. Opening inventory, correctly calculated, is an essential figure for determining the costs and profitability of your business. It can be used to calculate the cost of goods sold and other useful inventory reports. What is opening inventory?

Inventory Reduction 52

Inventory Reduction Inventory Procurement Analytics How To 52

SCMDOJO

AUGUST 16, 2023

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Supply Chain Insights

JUNE 1, 2017

This past month I attended our Supply Chain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End Supply Chain Orchestration. End-to-End Supply Chain Maturity Stages. What does it look like if your supply chain is good?

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

Unleashed

JANUARY 31, 2023

Supply chain disruptions are the enemy of product businesses. Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. Product companies implement lean logistics to eliminate downtime in the supply chain and give customers better value.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

BlueYonder

NOVEMBER 19, 2021

I still recall my first introduction to the concept of the supply chain. A modern supply chain is more than the efficient movement of optimized inventory downstream to meet forecasted customer demand. This is where assortment , space and pricing decisions naturally become part of the modern supply chain.

Supply Chain Planning Software 89

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Design Software 89

ToolsGroup

OCTOBER 4, 2016

There has been a lot of news about driverless cars, and at the Supply Chain Insights Global Summit there was also some news about “driverless” supply chain planning when two companies described supply chain planning with almost no human intervention. So what about driverless supply chain planning?

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254