The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Supply Chain Shaman

FEBRUARY 14, 2022

Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Organizations can align to drive value despite the allegiance to functional metrics. With the increase in complexity, manufacturing cycle inventories rise. Mistake #5.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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. As a strategic process, transportation procurement may still seem very tedious and challenging.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

QAD

MARCH 9, 2023

Instead, geopolitical, inflationary and environmental forces have created new challenges for manufacturers and their supply chain partners. Supply chain planning is more important today than ever before and there’s good news: Manufacturers have options for mitigating global supply chain risk and keeping costs in check.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 93

GlobalTranz

MARCH 23, 2016

You use a Voice of the Customer (VoC) survey to obtain negatives and positives from your customers. These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. It’s also about knowing where their manufacturing facilities are, and the flows across the supply chain.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

ToolsGroup

SEPTEMBER 25, 2019

New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . To access the full report, please visit www.ToolsGroup.com/DT-survey . ###. PRESS RELEASE. BOSTON, Mass. and HOUSTON, Tex. About ToolsGroup.

Supply Chain Planning Software 136

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

Procurement Academy

OCTOBER 11, 2023

While training is ongoing, learners should be regularly asked to share their feedback and respond to surveys. Looking again at Skill Dynamics’ partnership with Ewellix , learners saw measurable improvements in their skill sets, with 36% reporting improvements in negotiation, 37% in strategy, and 28% in procurement.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

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

The Logistics of Logistics

JUNE 23, 2022

With Russia exporting many critical commodities, Deloitte explained, there are insufficient raw materials for supply and manufacturing use. Yes, all parties have metrics and KPIs that help them know when to switch carriers or where to throttle ordering, but that’s not acceptable to customers.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 238

Supply Chain Shaman

NOVEMBER 9, 2014

Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. I was wrong.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. In this case, the supplier receives a commission from both the customer and the manufacturer. Let's imagine a company A, that manufactures a finished product – sneakers. Blurred lines.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

MAY 21, 2013

Medical Device Manufacturer. While hospital supply chain organizations have made progress in the last decade, the gap has widened between the supplier sectors of pharmaceuticals and medical device manufacturers and other manufacturing industries. Generalize procurement of materials. The problem is us.

Modeling 239

Modeling Modeling Software Pharmaceutical Procurement Analytics 239

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. Many manufacturers are data-rich but when it comes to using it they are insight-poor. How data can be used to link business goals and metrics. Data is after all the fuel that runs the Fourth Industrial Revolution.

Analytics Software 111

Analytics Software Manufacturing Procurement Inventory Management Software Predictive Analytics Software 111

Supply Chain Shaman

MAY 7, 2015

In surveys, we get three responses to every one response that describes their supply chains as traditional, and reactive. This drives markedly different behavior than when a manufacturing organization is incented on the lowest manufacturing costs with the highest Return on Assets. Current State. There is room for improvement.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Agile and Lean Supply Chain 150

Supply Chain Game Changer

MAY 5, 2021

Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. For the majority of Supply Chain’s history, this evolution has been driven by a knack for finding efficiency.

Sourcing Strategies 52

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 52

Logility

JANUARY 22, 2014

This blog post is in response to recent results from the APICS/Logility Survey, Consumer Goods S&OP research, and ChainLink’s end-user research. I recently read a very good survey by Consumer Goods Technology , focused on S&OP. All that brain power and no way to scale their discussion, analysis, and decisions!

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

EcoVadis

JULY 17, 2017

Sustainability remains core pillar of revenue, risk management and procurement performance. Going beyond increased revenue, improved brand reputation and supply chain performance – risk management is another core “bottom line” metric where companies continue to see sustainable procurement make a meaningful difference.

Gartner 56

Gartner Waste Reduction Vendor Strategies Resource Reduction 56

Supply Chain Shaman

JUNE 21, 2016

My first job was in manufacturing in the 1980’s. The metrics reward functional thinking. The focus of APICS is manufacturing, CSCMP’s foundation is in logistics, and ISM serves the procurement organization. The results are from different surveys each with a bias. (It They lack alignment.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Network Design Software Modeling 161

ThroughPut

OCTOBER 22, 2021

Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. When demands for goods escalate, insufficient resources for procuring components can lead to unmet consumer demand. Reduced variability and risks across supply chains via buffer management. Capacity Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

Talking Logistics

MAY 8, 2013

To make consumers and businesses more aware of this problem, Made in a Free World, with funding from the US State Department, launched slaveryfootprint.org , an online survey that calculates your “slavery footprint” — i.e., the likely number of slaves involved in making some of the products you use.

Supply Chain Planning Software 238

Supply Chain Planning Software Bangladesh Supply Chain Planning Supply Chain 238

SupplyShift

JUNE 2, 2021

In the wake of COVID disruptions and the financial advantage earned by companies focusing on ESG despite major market uncertainty, investors are rapidly recognizing the strategic importance of these metrics as well. Deloitte’s 10th Annual Chief Procurement Officer Survey mirrors this shift in priorities.

Supply Chain Planning Software 52

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

Supply Chain Game Changer

NOVEMBER 10, 2018

On the supply side, however, there is less and less room for manufacturers to absorb additional costs as volatile input prices put the squeeze on margins and the marketing investment required to differentiate branded products from private-label competitors continues to rise.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

Taulia

MAY 5, 2020

Procurement departments would generally take on this responsibility, supported by Treasury as well as by the organization’s partner organizations. The person in this role would therefore need to look at how stakeholders’ performance metrics and reward mechanisms act as incentives or disincentives.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Price Mitigation Strategies Supply Chain Optimization 52

MIT Supply Chain

NOVEMBER 5, 2020

A leading electronics manufacturer represented at the roundtable achieved productivity increases of 30–40% by using RPA to automate last-mile delivery processes. Another manufacturer has deployed eight bots in areas such as procurement planning. Others at the roundtable were not as advanced in their RPA journeys.

Supply Chain Software 52

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

Supply Chain Shaman

SEPTEMBER 20, 2015

” Currently working on a series of surveys to help clients answer these two questions, I struggle with the current state. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In Most supply chain planning teams do not know their customers.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Material Handling & Logistics

SEPTEMBER 13, 2017

The Institute for Supply Management (ISM) recently released the results of a special survey to assess how Hurricane Harvey impacted six key metrics. Then, the insured will need to carefully review its policy to understand what is covered and what is not.

Negotiating Skills 80

Negotiating Skills Negotiate Pricing Supply Chain Strategy Purchasing Skills 80

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning Software 52

SupplyShift

JUNE 2, 2021

In the wake of COVID disruptions and the financial advantage earned by companies focusing on ESG despite major market uncertainty, investors are rapidly recognizing the strategic importance of these metrics as well. Deloitte’s 10th Annual Chief Procurement Officer Survey mirrors this shift in priorities.

Supply Chain Planning Software 40

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

Supply Chain Matters

MAY 23, 2022

The authors specifically make mention of geopolitics along with the ongoing effects of the pandemic impacting many manufacturing regions in China. Despite the slowdown in transportation, survey respondents reportedly still indicate growth in the sector, just at a slower pace than seen over the prior 18 months.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

NC State SCRC

FEBRUARY 13, 2021

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. The EAI will provide a third-party metric to generate marketing media (e.g.,

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59