ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Besides, AI is helping retailers optimize inventory, warehouse and pricing. AI-driven robots help improve in-store inventory tracking and management.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Supply Chain Shaman

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). The Focus Inside-out Supported by Functional Metrics.

Procurement Analytics 370

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

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 400

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 400

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

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Supply Chain Shaman

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management. Companies driven by functional metrics struggled: they could not adapt quickly to the higher transportation costs.). Conclusion.

Manufacturing Procurement 195

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

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

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. We find that companies can improve one, but not two of the metrics.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Opz

JUNE 1, 2014

Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

Case Study 239

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

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Inventories increased by 44% due to supply chain volatility. Inventories grew year-over-year by 43%. Coming off a period of high growth, companies are struggling with margins and inventory. See the pattern?

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

DiManEx

NOVEMBER 11, 2020

This comprehensive joint research project with Aalto University studied identification methods to find parts that are suitable for AM, as well as part performance, workflow and quality assurance implications, and embedded intelligence or “smart” spare parts. Technologies like AM offer a promising alternative to simplify supply chains.

Logistics Network Optimization Software 85

Logistics Network Optimization Software Study Finland Demand Planning Software 85

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. ” Hau Lee, October 2014.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Supply Chain Shaman

JUNE 21, 2014

In the recent study of the Voice of the Supply Chain Leader , we find that the gaps are large, and growing. I also think that Quintiq’s leadership in concurrent planning to solve new problems is promising, especially in the design of transportation and inventory flows. Service level is our most important metric.

Case Study 282

Case Study Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 282

Supply Chain Shaman

OCTOBER 11, 2012

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. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

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

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. Measurement. Organizations speak of the bullwhip, but don’t measure it or monitor the effects. I think clearer.

Supply Chain Planning Software 379

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 379

Logistics Viewpoints

JUNE 29, 2023

It directly affects the bottom line, making it crucial to manage effectively. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Supply Chain Shaman

FEBRUARY 14, 2022

Forty interviews and two quantitative studies helped me build the model in my mind. Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ivalua

SEPTEMBER 14, 2022

The “Supply Continuity – A Visual Spotlight” study, based on research conducted by Forrester Consulting and commissioned by Ivalua, highlights that key challenges remain for organizations aiming to ensure supply continuity, with 30% of respondents saying they suffer from an inability to effectively assess the overall risk across suppliers.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

ToolsGroup

MAY 3, 2016

If you (or your boss) are measured by your company's Return on Invested Capital (ROIC) or a similar metric, then you want to turn assets into cash. Inventory optimization is one proven way to do it. Inventory is an untapped, cash-rich asset. Inventory is an untapped, cash-rich asset. Of course, you need inventory.

Optimal Sourcing 120

Optimal Sourcing Modeling Inventory Reduction Optimization Software 120

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 161

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 161

ToolsGroup

DECEMBER 16, 2021

Inventory is retailers’ greatest asset AND liability. Nearly all of most retailers’ capital is tied up in their inventory, so it’s crucial to make sure that every item counts. Set clear objectives and KPIs for the metrics we discussed above, and make swift moves to meet them. Retailers are losing $1.75

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Shaman

JUNE 7, 2021

I advocated a study, an analysis of market value. Companies entered the pandemic with twenty more days of inventory than at the beginning of the great recession. I began analyzing correlations of groups of metrics to market capitalization and found that the most significant correlation was between market capitalization and growth.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Supply Chain Shaman

JULY 22, 2019

History will also include case studies of mergers and acquisitions. The study of improvement and performance for the 535 companies in 26 industries took two months. It is not as simple as trading-off inventory, cost, and customer service. We selected these metrics based on correlation work with Arizona State University in 2012.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 250

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. The data in Table 1 is from a recent research study. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Most budgets are completed in currency at a brand level.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

RFgen

JANUARY 23, 2023

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026. bn through 2026.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Modeling Software 52

ToolsGroup

MARCH 3, 2022

However, ignoring the effect of something with such a profound impact on consumers’ day-to-day lives can lead to severe miscalculations in everything from sales and inventory to markdowns and staffing levels. In a study of brick-and-mortar retail stores, the effect of weather on daily sales was as high as 23.1%

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. California Sustainable Freight Action Plan. Software Suite.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Supply Chain Shaman

SEPTEMBER 9, 2014

Which companies were considered in the study? They had to be publicly traded, we had to have a nearly complete data set for the years studied, and they had to have a peer group of at least six companies to be able to draw the comparisons. Yes, we will do this study yearly in the preparation for our annual conference.

Pharmaceutical 274

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 274

Supply Chain Shaman

JUNE 13, 2017

If the arrow is red, the industry is moving backwards on a metric. The industry made progress on revenue/employee, but struggled on growth, margin, inventory turns. Some of the strongest case studies of supply chain leadership are in this value chain. Companies, based on culture, tend to focus on singular metrics.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 0