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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. Review Inventory turns and Return on Assets.

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An Introduction to Demand-Driven Inventory Replenishment Planning in 2023

ThroughPut

With the unpredictable levels of demand fluctuations in today’s market, it’s crucial to effectively navigate the path to replenishment management in supply chains. What is Demand-driven Inventory Replenishment? Traditional systems maintain the water level (inventory) based on past rainfall data (historical demand).

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Vendor Managed Inventory (VMI): Advantages and Examples

Clear Spider

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. To break it down, efficient supply chain and inventory management practices should do two things: minimize inventory costs and maximize profits. Why Vendor Managed Inventory?

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

According to Accenture Technology Vision 2021 research, Cloud, AI, and Digital Twins are among the top technologies supply chain executives are looking to deploy in their organizations. This allows for a new level of supply chain transparency and sector-wide collaboration.

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The Importance of Visibility In the Supply Chain

Precoro

This can be achieved by improving supply chain visibility. In this blog post, we'll answer the following questions: What is supply chain visibility? What do high-visibility supply chains look like? How can supply chain visibility be achieved?

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The Missing Step to Most Supply Chains that Increases Efficiency

SCMDOJO

But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain.

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What is OTIF? Meaning, Calculation, & How to Improve

Unleashed

It measures inventory availability and the ability to meet customer orders as they come in. Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts. This results in increased holding costs and a greater risk of inventory obsolescence.