Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. We relay on guest bloggers and the expertise of others for manufacturing best practices. His 5 golden metrics center on performance management.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Supply Chain Matters

APRIL 28, 2023

This second in this series provides a specific focus for the now growing importance for increased operational excellence and efficiencies for companies whose products are anchored in process and batch manufacturing process environments.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The demand latency for a semiconductor manufacturer is 180-220 days, while a chemical manufacturer has a latency of 150-280 days.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. . #4

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Supply Chain Shaman

SEPTEMBER 17, 2014

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. In fact, many companies move backwards—like Campbell’s Soup or Kellogg—when they try to implement a large project with too few resources too fast. Aligned Metrics. ” Yes, I said.

Optimal Sourcing 306

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 306

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. Let’s dive in. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Kinaxis

NOVEMBER 26, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Some companies prevent access to data to prevent trade secrets (or in the case of US military manufacturers ITAR regulations prevent foreign nationals from accessing manufacturing data).

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 256

Supply Chain Shaman

JUNE 7, 2021

My approach took too much time and resources. A balance sheet analysis shows that 95% of publicly traded manufacturers are stuck (when compared to peer group) at the intersection of growth and margin, margin and inventory turns, and Return on Invested Capital (ROIC) and growth. As I talked, John shook his head. What do you think?

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

SCMDOJO

APRIL 15, 2022

For example, to be successful in business, it is essential to have a detailed plan and standard operating procedure for how you want your products to be manufactured, rolled out into the marketplace, and sold. The consultant(s) can help evaluate and present all viable solutions providing the most cost-effective recommendations.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Strategy Supply Chain Software Supply Chain Optimization 134

synchrono

MAY 7, 2018

It seems not a week goes by when I don’t hear from someone in manufacturing: “You can’t manage what you can’t measure”. Of course, there is a lot of truth to that statement, but as someone who spends all day, every day, helping manufacturers gather real-time data for better operational performance, I believe the statement is incomplete.

Metrics 58

Metrics Manufacturing Resource Reduction Supply and Demand 58

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Supply Chain Shaman

OCTOBER 29, 2014

Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet. The second step is usually a large implementation of a technology project–Enterprise Resource Planning, Customer Relationship Planning or Analytics.

Supply Chain Planning Software 317

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 317

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. Add to this a set of complex and unique processes such as bill only transactions, which are often fairly resource intensive. Share on Twitter. Big Opportunity Ahead.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Supply Chain Shaman

SEPTEMBER 2, 2016

Before I started doing this research, I believed procurement and manufacturing were aligned. While this is the case in 50% of the organizations, there are many organizations with large alignment gaps between finance/operations and procurement/manufacturing. Digital manufacturing is also a disruption. I was wrong.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0

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.

Sourcing Strategies 52

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

Supply Chain Shaman

OCTOBER 11, 2012

” CFO of a major manufacturer. I have written many articles about Advanced Planning Systems (APS), Enterprise Resource Planning (ERP) and Advanced Inventory Optimization. It is in presentation after presentation. Ownership of Inventory as a Metric. I am a skeptic. I want to believe. I really do.

Inventory Reduction 247

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 247

Logility

JUNE 2, 2023

Yet, despite its significance, demand forecasting continues to be a thorny issue for many businesses, particularly manufacturers. Cost Reduction: Aligning supply and demand through accurate forecasts minimizes waste, streamlines processes, and optimizes resource allocation for operational cost efficiency.

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

Taulia

OCTOBER 20, 2021

At the same time, companies are paying more attention to the importance of ESG and sustainability objectives in supply chain management, and the role that automation and efficiency can play in minimizing the need for time and resource intensive processes. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

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

ThroughPut

APRIL 28, 2020

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. How much free capacity exists at present in each of the service departments/ functions? What is Capacity planning software?

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

ThroughPut

APRIL 28, 2020

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Supply Chain Design Software Analytics Software 52

Supply Chain Shaman

JANUARY 31, 2013

.” Or twisting the arm of the COO to use an Enterprise Resource Planning system to build the “right house of best practice ” to drive supply chain excellence. I shake my head at most of the presentation materials that I see strategic consultants present on supply chain best practices. Performance is stalled.

Turkey 231

Turkey Supply Chain Planning Software Supply Chain Planning Inventory Reduction 231

Supply Chain Shaman

OCTOBER 20, 2012

Over the course of the last decade, I have carefully recorded and reported presentation after presentation from conference after conference and interview after interview with supply chain leaders. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The results have been eye-opening.

Inventory Reduction 263

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 263

RFgen

FEBRUARY 7, 2019

And when equipment breaks down unexpectedly, your manufacturing operation can be hemorrhaging money by the second. For manufacturers, it all comes down to the bottom line: If your machines are down, you’re not making product and you’re not making money. Digitizing technology is already making waves in MRO across the globe.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Predictive Analytics Software 52

Supply Chain Shaman

JUNE 21, 2014

I recently presented this slide to a group of consultants, and a person that I love in the audience raised his hand and said, “Lora, let’s just face it. One of my favorite interviews on this topic, that I recently completed for my upcoming book Metrics That Matter , was with Amway’s Chief Supply Chain Officer George Calvert.

Case Study 282

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

ThroughPut

NOVEMBER 12, 2020

Whether manufacturers rely on ground, rail or sea to reach end-customers, the extent of disruption is unprecedented and this creates a need to rethink their warehouse fleet and carrier strategies. McKinsey suggests that warehouse operations can be critical in presenting an untapped improvement opportunity in the supply chain.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

Supply Chain Opz

NOVEMBER 12, 2016

Therefore, the challenge to establish ranking method is to find more economical data source and unbiased metric. Our personal observation is that scholarly articles cite books because most books present building block concept in supply chain management and citations usually appear in the literature review section.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Strategy 271

Supply Chain Game Changer

NOVEMBER 12, 2020

These trends and sudden changes in consumer behaviour present both an opportunity and danger for FMCG brands. The McKinsey research recommends four key activities that FMCG leaders need to engage in at present: 1. They need to embrace new consumer behaviour without alienating those customers resisting change.

Consumer Goods 67

Consumer Goods Procurement Analytics Agile and Lean Supply Chain United Kingdom 67

BlueYonder

SEPTEMBER 12, 2022

Breaking a promise to consumers has never been more dangerous, as expectations across numerous metrics become more severe and decisive. This complexity – embracing 10, 15, 30 or possibly more capacity metrics – ultimately decides whether execution of fulfillment is possible. A New Competition Metric.

Procurement Analytics 52

Procurement Analytics Real-time Visibility Modeling Just-in-Time 52

Supply Chain Game Changer

MAY 18, 2021

It cannot be understated how important these topics are to our present and to our future. All of this means that businesses and governments have to take the necessary steps to address and correct the present reality. Active risk management and mitigation, inclusive of nature related impacts, is essential.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Software 64

Supply Chain Opz

JANUARY 3, 2022

Another unique point of this book is that it presents the "real estate outsourcing" concept which is different from the facility location concept (math model) in other books in logistics and supply chain management. Chapter 2 will introduce you to the on-time, in full metric. Prior knowledge of lean manufacturing is required.

Logistics Network Optimization Software 130

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

QAD

JUNE 27, 2019

The city of New Orleans played quite the host this year to our growing community of manufacturers for our largest annual customer conference, Explore. Leverage augmented resources during the implementation with a core team of only five North American and four European employees. Take 6,000 customizations and reduce them to under 200.

Las Vegas 95

Las Vegas Pharmaceutical Beverage Automotive 95

NC State SCRC

FEBRUARY 13, 2021

The Supply Chain Resource Cooperative is proud to announce the award of a major research grant ($1.2 As noted in this news cast on ABC , this research will proceed in three stages over three years, and will require significant collaboration with apparel manufacturers and brands along the way if it is to be successful. 1] [link]. [2]

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

Oracle SCM

AUGUST 1, 2018

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. A high-tech contract manufacturer was growing rapidly through acquisition. Director Product Marketing.

Supply Chain Planning Software 104

Supply Chain Planning Software Inventory Management Software Gartner Demand Planning Software 104

Logility

JUNE 20, 2017

Lack of resources in the service market to fulfill needs and requirements. Lack of enablers—equipment, technology or other resources that stymy workflow, communication, and productivity. Poorly designed work or poor organization that leads to lack of productivity. Inability to fill surges or seasonal roles. Measuring Results.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Planning Software Optimization Software Demand Planning Software 118