Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

OptiProERP

NOVEMBER 14, 2023

In an era where environmental concerns are taking center stage, sustainability has emerged as a critical driver of success for manufacturers, big and small. Governments, consumers, and stakeholders increasingly prioritize sustainable practices, urging manufacturers to reevaluate their operations.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Logility

MARCH 21, 2024

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

QAD

AUGUST 12, 2021

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. Sustainability Objectives for Manufacturers. Where Does ERP Come into Play with Manufacturer Sustainability Efforts?

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Lean, Blockchain, Industry 4.0, Maturity Model.

Procurement Analytics 370

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

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. 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.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

QAD

MARCH 9, 2023

Instead, geopolitical, inflationary and environmental forces have created new challenges for manufacturers and their supply chain partners. Continual disruption is now the new normal, and it’s weighing on profitability and making it difficult for many companies to maintain lean, agile operations.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Supply Chain Opz

JANUARY 3, 2022

The Supply Chain Revolution: Innovative Sourcing and Logistics for a Fiercely Competitive World Pros: This book will show you how to plan and execute sourcing strategies like the world's leading companies. Cons: It focuses heavily on sourcing or purchasing which is one function under integrated logistics management.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Click here for a refresher on lean manufacturing as a concept. Big data frameworks.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. Get Lean the Easy Way. Education and Alignment.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. Get Lean the Easy Way. Education and Alignment.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

Enterra Insights

JULY 27, 2021

He explains, “The circular economy aims to eradicate waste — not just from manufacturing processes, as lean management aspires to do, but systematically, throughout the life cycles and uses of products and their components. ’ This is true of a sustainability initiative. Increase forecasting accuracy to reduce obsolete inventory.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 100

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Inventory accuracy. Revenue per unit.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

NC State SCRC

NOVEMBER 2, 2023

When I was there, an employee’s base pay came every 4 weeks, and it would go up based on hitting certain metrics – Net Sales and Return on Total Assets. The only metric that mattered was how you were doing vs. the market and the competition – were you getting a lower price than Hershey or Nestle? I’ve never seen a culture like that!

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Unleashed

NOVEMBER 15, 2021

Learn more: The Ultimate Manufacturing Guide: SME Manufacturing Explained What is mass customisation? It’s a manufacturing process for customising goods at scale while keeping unit costs low – a middle ground between standardisation and personalisation. The entire manufacturing sector is seeing a shift towards personalisation.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Forecasting Software 98

Unleashed

AUGUST 20, 2023

If a manufacturer has to wait an extra day for raw materials to arrive, they might lose a customer. In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

MAY 21, 2013

Medical Device Manufacturer. We have used Lean process systems and swim-laned ourselves to death. The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). The focus has been on sourcing and managed costs.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

Supply Chain Opz

JANUARY 29, 2020

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 100

American Global Logistics

SEPTEMBER 12, 2023

Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services. Lean manufacturing and just-in-time production minimize waste and inventory levels while maximizing efficiency. This innovation significantly increased efficiency.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Supply Chain Shaman

JANUARY 28, 2015

In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC).

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

New Horizon Supply Chain Blog

AUGUST 30, 2023

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Talking Logistics

AUGUST 20, 2018

A total of 137 respondents completed the survey from Manufacturing, Retail, Logistics Service Provider, and other companies in the Americas, EMEA, and APAC. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018. and 51.5%, respectively).

Innovation 100

Innovation Company Cost Reduction Strategies Logistics Network Optimization Software 100

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Infosys Supply Chain Management

NOVEMBER 12, 2014

Posted by Abhay Dhall, Associate Consultant (Manufacturing Vertical), Infosys Limited In my previous blog , I spoke about the need for companies to create a value stream map for their processes in order measure, control & improve their processes. A simple metric to start with would be to determine the On-time delivery to commit.

Manufacturing Procurement 38

Manufacturing Procurement Manufacturing Sourcing Strategies Material Savings 38

Kinaxis

JUNE 12, 2017

I will lean on the Supply Chain Planning space as an example and relate to the broader shifts in the role of IT in supply chain management. As opposed to going with a “one throat to choke” approach, they are spending time in researching the best of breed and open source technologies to offer true systems of differentiation to business.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 233

4WL Consulting

JULY 8, 2015

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Optimal Sourcing 100

Supply Chain Opz

APRIL 1, 2015

Are you looking for lean books that help you create sustainable change? In this article, we will show you 10 best lean books every lean enterprise should read. Then, we believe this book is the most appropriate resource that everyone can lean more about the overall lean concept. Womack, Daniel T.

Lean 100

Lean Manufacturing Procurement Resource Reduction Massachusetts 100

Supply Chain Opz

APRIL 15, 2015

Are you looking for lean books that help you create sustainable change? In this article, we will show you 10 best lean books every lean enterprise should read. Since lean concept is practice oriented, it has been adopted very well by both practitioners and academics. Womack, Daniel T. Jones and Daniel Roos.

Lean 100

Lean Manufacturing Procurement Massachusetts Sourcing Strategies 100

Unleashed

JUNE 15, 2023

It’s an important inventory accounting metric for any company selling physical goods as it directly impacts profit margins and product pricing. Manufacturing costs – The cost of overheads required for manufacturing the product. What is cost of goods sold? What’s included in cost of goods sold?

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production.

Case Study 239

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

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Adopt performance metrics for carriers. Meanwhile, ocean carriers continue to deal with overcapacity; rates for Asia-U.S.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

New Horizon Supply Chain Blog

JULY 15, 2022

Of all the most common metrics used to measure supply chain performance, forecast accuracy is the most difficult for colleagues outside of the supply chain function to relate to corporate goals like customer satisfaction and profitability. Inventory metrics are less intuitive, but ever since U.S. Adrian Mitchell, CFO, Macy’s, Inc.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 14, 2018

The nodes in the Supply Chain are those facilities that are involved in the end-to-end manufacture, processing, distribution, and consumption of goods. Low cost sourcing is a predominant reason for this geographically dispersed network. The manufacturing and processing operations at your Suppliers also drive energy consumption.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

SupplyShift

JUNE 10, 2020

Reopen safely – Manufacturing still represents 11 percent of U.S. Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. So let’s round up some of the emerging supply-side strategies and considerations.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

SupplyShift

JUNE 10, 2020

Reopen safely – Manufacturing still represents 11 percent of U.S. Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. So let’s round up some of the emerging supply-side strategies and considerations.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

Resilinc

MARCH 30, 2021

Key tasks in the Plan phase include developing a business case, creating service agreements with internal customers, defining metrics, and building a team and governance structure. The chart below shows five of the top sources of ROI from an SCRM, including event-related savings and ongoing sources of value. Team efficiencies.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62