Silvon Software

APRIL 11, 2024

It offers insights into customer behaviors, employee performance, industry trends, operational efficiency, and even predictive glimpses into the future. Data analytics can demystify customer behaviors, preferences, and trends, enabling businesses to tailor their offerings and communication strategies more effectively.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

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. Regularly review and update your stakeholder-focused KPIs based on changing stakeholder needs or emerging trends.

S&OP 93

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

Bristlecone

MAY 21, 2021

Did you know that advanced analytics, when used in lieu of traditional statistical models, can help procurement departments increase cost efficiency by 3-8%? [1]. The procurement department of any business generates more data than is humanly possible to compute and comprehend through traditional means. Operational Procurement.

Procurement Analytics 52

Procurement Analytics SAP Negotiate Pricing Procurement Solutions 52

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

ShipBob

DECEMBER 28, 2022

What is procurement? This process is known as procurement. Procurement covers everything from placing orders to tracking shipments and auditing deliveries. What’s the difference between procurement and sourcing? If you’re still confused about the difference between procurement and sourcing, that’s okay!

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

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

Unleashed

JULY 23, 2023

You can calculate order cycle time using the formula: (Delivery Date – Order Received Date) / Total Number of Orders Shipped = Order Cycle Time This KPI reveals where you need to develop new strategies to improve the speed of your order fulfilment. Takt time Takt time is a KPI that helps set the pace of your manufacturing process.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Silvon Software

APRIL 1, 2024

While operational reporting provides immediate data on daily business functions, strategic BI focuses on longer-term trends and forecasting. Procurement Purchase Order Cycle Time – The average time taken from the creation of a purchase order until its fulfillment.

Procurement Analytics 58

Procurement Analytics Analytics Software Predictive Analytics Analytics 58

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

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. With our customizable Logistics KPI Dashboard Excel Template , you can obtain a detailed view of your business’s Current Performance versus Target and the Previous Year’s performance. Think of them as the top executives who coordinate processes on a large scale.

Negotiating Skills 69

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 69

Logistics Viewpoints

DECEMBER 5, 2022

These procurement professionals can look at how forwarders and carriers are performing by lane, and what the performance trends are for these partners. That increases the value of the analytics used by the procurement team. The data from Infor Nexus also helps the transportation teams do better carrier sourcing. Keys to Success.

Agile and Lean Supply Chain 196

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

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Understanding the impact of external trends on your sales performance. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261

Unleashed

DECEMBER 11, 2022

Put simply, Warehouse KPIs measure how efficiently your warehouse is performing. 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.

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Synovos

MARCH 11, 2024

“I don’t think they had the infrastructure to manage MRO themselves,” says James Kimmel, a US-based site operations manager for the global provider of outsourced storeroom management and procurement services. Wintertime is a killer here,” states Kimmel when talking about meeting the on-time delivery KPI at a rural site.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

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

Logistics Bureau

APRIL 4, 2022

Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends. Alternatively, you can procure access to a digital freight benchmarking platform. 2: Take Care in Identifying the KPIs to Use.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

ThroughPut

OCTOBER 20, 2022

This helps businesses to: Analyze insights at the individual SKU, product group, region, or KPI level – across the entire organization Streamline route effectiveness via dynamically updated insights-on-demand, throughput, and contribution-per-unit trends, OTIF percentages, and optimal product mixes.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Optimization 52

SupplyShift

JUNE 2, 2021

The recent uptick of sustainability bonds from global companies like Wells Fargo, Bank of America, and most recently Amazon sends a strong market signal that focus on corporate Environmental, Social, and Governance (ESG) is no longer just a trend – it’s the new business imperative. Corporate ESG Reporting Today .

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 52

SCMDOJO

MAY 13, 2022

Supply Chain KPI Dashboard. Digital transformation through the adoption of AI innovations has been necessary to ensure meeting the overall upward trend in both demand and expenses in the supply chain. An AI optimization model which considers all costs that occur during the container lifecycle is needed.

Supply Chain Design Software 83

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Design 83

RFgen

MAY 16, 2023

Data analytics enables you to analyze historical sales data, identify trends, and forecast future demand more accurately. These insights are critical to procurement and warehouse management. A: Data analytics helps businesses analyze large volumes of data, identify trends, and make more informed decisions.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. They can also contribute to the innovation and efficiency of supply chain processes.

Supply Chain Planning Software 70

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

TMC

SEPTEMBER 22, 2016

For example, at TMC, white boards are at the center of our daily discussions that help to drive customers’ key performance indicator (KPI) programs and provide status updates on active projects in the pipeline. A key part of our daily discussions is customer KPI metrics. Here are three reasons: Encourages ownership.

Optimal Sourcing 48

Optimal Sourcing KPI Logistics Network Optimization Software Supply Chain Network Software 48

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. View our Trends Category to stay up to speed. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

SupplyShift

JUNE 17, 2021

Three sectors of the supply chain have an outsized impact on corporate success: Procurement—are your goals realistic for divisions to execute? They must also follow hard deadlines and KPI targets. Leadership—do your goals reflect the strategic priorities of the organization? Are executives aligned to adequately support ESG?

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

These goals fall into one of two primary types: Absolute goals , which only take KPIs into account—for example, reducing GHG emissions 30% by 2025. Relative goals , which compare the KPI to a unit of output—for example, reducing Scope 1 GHG emissions per unit of company sales 25% by 2025.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SCMDOJO

APRIL 4, 2023

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. Diagnostic analytics: Diagnostic analytics focuses on understanding the underlying causes of issues or trends in past and current data.

Prescriptive Analytics Software 110

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

SupplyShift

JUNE 2, 2021

The recent uptick of sustainability bonds from global companies like Wells Fargo, Bank of America, and most recently Amazon sends a strong market signal that focus on corporate Environmental, Social, and Governance (ESG) is no longer just a trend – it’s the new business imperative. Yet, there are a few hurdles to overcome.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 40

EcoVadis

APRIL 17, 2015

In an earlier blog post we discussed “ Trends in Carbon Pricing and Costs ,” and explored the increased engagement of both public- and private-sector organizations to consider pricing of carbon emissions in the lead-up to the 21st Conference of Parties to the Kyoto Protocol (COP21). 3) Regulatory readiness.

Price Reduction 40

Price Reduction Cost Reduction Strategies Material Savings Manufacturing Procurement 40

EcoVadis

FEBRUARY 28, 2016

These trends are exposing even more potential risks to brand reputation, supply disruption and increased costs or volatility. But assessing and monitoring the CSR practices of suppliers worldwide poses tough challenges for procurement teams, across these dimensions: Geographic diversity.

Procurement Solutions 40

Procurement Solutions Supply Chain Network Software Demand Planning Software Logistics Network Optimization Software 40

Cathy Roberson

APRIL 6, 2022

A good view into 'Spend Cube' & its components, suppliers, categories sourced, risk arnd sourcing geos (geopolitics etc), commodity price trends that may need forward buying - all roll up to improved upstream SC visibility. Tom Craig @LTDManagement We oft times miss out the upstream visibility part. we want to see adjustments.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

EC Sourcing Group

JANUARY 24, 2019

Last week I suggested that a procurement cockpit is an essential tool to manage your business in 2019. Today I will focus on KPIs that can provide deep insight into the efficiency and effectiveness of your operations, strategic sourcing efforts and how procurement systems are viewed internally. If it was always this easy.

Manufacturing Procurement 45

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Solutions 45

ThroughPut

NOVEMBER 28, 2023

Integration of external data: An effective supply chain analytics software must also be able to access and analyze data from external sources like weather forecasts, social media trends, etc. Identifying trends and patterns provides strategic insights that guide long-term planning and goal setting.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ShipBob

SEPTEMBER 24, 2021

Inventory-to-sales ratio: This KPI tracks inventory on hand at the end of the month versus the number of sales you made within the same month. This KPI is critical to follow, because it can influence your picking process and how accurate items are being fulfilled. Picking accuracy : Accuracy is the most critical KPI.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Supply Chain Management and Analytics

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Understanding the impact of external trends on your sales performance. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

Unleashed

JANUARY 10, 2023

The supply planning process involves: Forecasting customer demand based on historical data and market trends Identifying opportunities for optimisation throughout the supply chain Putting a strategy in place to capitalise on those opportunities. Invest in good software early on to give your business the best chance at success.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Design Software 52

Supply Chain Movement

MAY 19, 2016

As senior vice president operations, I am the business owner of all operations from demand planning to execution, procurement to manufacturing. Automation and digitalisation are two of the biggest trends. We have taken out costs big time by implementing an end-to end KPI dashboard and we remain very cost sensitive.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

ThroughPut

JUNE 24, 2022

This application of AI helps anticipate future customer demand trends while minimizing the costs of overstocking unwanted inventory. The increase or decrease in the price is governed by on-demand trends, product lifecycles, and stacking-the-product against the competition. WAREHOUSE EFFICIENCY. 3) DIVE INTO YOUR DATA.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98