Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. For manufacturers, it’s about understanding how long the process takes from receiving inventory to manufacturing a product and achieving a sale.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Supply Chain Shaman

SEPTEMBER 28, 2022

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. The manufacturing-centric company is used to strangling suppliers and demanding terms. In Figure 1, we show the overall performance of manufacturers and distributors. Business continuity is the overarching issue. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric. Identifying the KPIs needed.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

OCTOBER 31, 2023

It’s an essential process for achieving maximum success in manufacturing. Workforce optimisation (WFO) refers to the practices and tactics a company implements to improve its employees and organisational efficiency. Greater efficiency WFO practices improve manufacturing efficiency and eliminate waste. Let’s dive in. Here’s how.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. The issue is that traditional functional metrics drive underperformance—the greater the variability, the larger the gap. Over time, this changed.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 267

Unleashed

APRIL 6, 2022

Lean manufacturing involves 13 core principles – many more than the ‘five principles’ that are often associated with this popular manufacturing system. The lean concept originally came from manufacturing, but it has gained in popularity and is now used widely across different industries and sectors.

Manufacturing Procurement 98

Manufacturing Procurement Agile and Lean Supply Chain Lean Inventory Management Software 98

Unleashed

APRIL 10, 2023

The internal processes of a manufacturer are critical to the success of the overall business. This article breaks down 11 of the most effective process improvement techniques in manufacturing that you can implement in your workplace today. Deep dive: Check out the 2023 Manufacturing Productivity Guide.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers. Manufacturers, retailers, and logistics organizations can leverage generative AI-powered knowledge management systems to optimize operations and make informed decisions.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

synchrono

MARCH 6, 2017

I keep seeing the word efficiency in the manufacturing media. For s omeone who is a Constraints Management person, this is the equivalent of saying “Ni” to the Knights Who Say Ni (Monty Python reference, okay?) This “lost opportunity metric” is now something that Lean manufacturing experts try to keep at the top of the list.

Metrics 82

Metrics Waste Reduction Resource Reduction Cost Reduction Strategies 82

Supply Chain Shaman

JULY 25, 2021

To make the point, let me share an orbit chart for four industries (reference Figure 1). The Focus Inside-out Supported by Functional Metrics. Instead, the path requires a redefinition of process, metrics, and capabilities. I strongly believe that historical supply chain practices are not the answer.

Procurement Analytics 370

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

SYSPRO Smarter ERP

APRIL 24, 2023

Manufacturers as well as consumer-oriented businesses need to embrace better fulfilment experiences for their customers. Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer. Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. The supply ecosystem connects over 630,000 manufacturers and suppliers. COVID of course taught companies the need for agility.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

Supply Chain Shaman

MARCH 5, 2019

Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. Make sure that the data is harmonized to ensure all data has the same time reference. The focus is on functional metrics, but are unable to get to overall supply chain metrics. 2) Latency. 3) Granularity. 3) Granularity.

Supply Chain Design Software 272

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 272

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. However, the bigger share of food that goes to waste happens in supply chains, which differs from food waste and is referred to as “food loss.” The Right Approach to Food Waste Reduction.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

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

SYSPRO Smarter ERP

MAY 29, 2023

Marshalling in warehouse management refers to the process of arranging and preparing items for outbound shipment according to their destination and delivery schedule, as well as verifying their accuracy and completeness. Key metrics that will indicate if marshalling is needed relate to picking and shipping.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

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

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

OptiProERP

APRIL 17, 2022

The shop floor is the cornerstone of the manufacturing process. In this blog, you will learn how a Manufacturing Execution System (MES), also known as a Shop Floor Execution System (SFES), embedded in an ERP (Enterprise Resource Planning) system transformed an industrial machinery manufacturer’s shop floor to help grow their business.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Manufacturing Demand Planning Software 52

ThroughPut

APRIL 16, 2020

The relevance of digital transformation in manufacturing. PWC predicts that out of every 2,000 manufacturers, 86% will benefit from cost reductions and revenue gains from their digitization efforts over the next five years. As more and more manufacturers adopt digital technologies, industry 4.0 is gaining higher traction.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Waste Reduction Inventory Reduction 52

ThroughPut

APRIL 16, 2020

The relevance of digital transformation in manufacturing. PWC predicts that out of every 2,000 manufacturers, 86% will benefit from cost reductions and revenue gains from their digitization efforts over the next five years. As more and more manufacturers adopt digital technologies, industry 4.0 is gaining higher traction.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Waste Reduction Inventory Reduction 52

ThroughPut

APRIL 16, 2020

The relevance of digital transformation in manufacturing. PWC predicts that out of every 2,000 manufacturers, 86% will benefit from cost reductions and revenue gains from their digitization efforts over the next five years. As more and more manufacturers adopt digital technologies, industry 4.0 is gaining higher traction.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Waste Reduction Inventory Reduction 52

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Traditionally what we typically refer to as indirect goods are mostly in Category 4. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

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

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. Increased competitive advantages and access to new customers.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

GlobalTranz

FEBRUARY 25, 2021

Reverse logistics refers to all operations related to the reuse of products and materials. For instance, goods move from the customer to the distributor or to the manufacturer. When a manufacturer’s product normally moves through the supply chain network, it is to reach the distributor or customer. What is reverse Logistics?

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

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 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

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

Logility

JANUARY 4, 2022

The partnership enables Logility customers to layer in Planalytics’ predictive demand metrics to better understand impacts across their customer base and proactively capitalize on sales opportunities created by favorable weather while mitigating risks when demand is negatively impacted. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Precoro

JULY 16, 2023

These goals can be expressed as key performance indicators (KPIs) – relevant functional metrics that can be tracked regularly to make sure that the business makes purchases in an efficient way. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52