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? Stock availability.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

IQMS

JULY 11, 2019

McKinsey also found that AI-enhanced predictive maintenance of industrial equipment will generate a 10% reduction in annual maintenance costs, up to a 20% downtime reduction and 25% reduction in inspection costs. Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector?

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

Enterra Insights

JULY 28, 2020

They write, “Accomplishing [faster transactions] requires organizations to create cognitive supply chains that augment human capabilities with advanced technology and analytics.” Nevertheless, Sprint Logistics analysts assert, “A cognitive supply chain is made up of four steps: predict, plan, control and share.”

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Talking Logistics

APRIL 12, 2017

As I wrote last June, investments are rising in Supply Chain Operating Networks and Descartes is a prime example of this trend in action — a trend that I predict will continue to gain momentum in the months and years ahead. Business Intelligence, Analytics, Artificial Intelligence: We’re in the middle of an evolution here.

Supply Chain Planning Software 116

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Supply Chain Network Software 116

Supply Chain Shaman

AUGUST 16, 2015

In the period of 2002-present, the company acquired/aggregated many applications. The Infor team presented the acquisition opportunity as an opportunity to extend ERP to the value chain, to automated inter-enterprise order management and to sell more Infor solutions. 2) Advanced Analytics. The So What?

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

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. Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making.

Sourcing Strategies 52

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

Supply Chain Shaman

AUGUST 1, 2013

At the end of the presentation today, it happened. The traditional supply chain is designed to support high volume, predictable items in known markets. Use new forms of analytics to learn from channel sales. Use New Forms of Analytics to Drive Demand and Supply Orchestration. Why do we need to change?

Modeling 229

Modeling Supply and Demand Supply Chain Design Software Optimal Sourcing 229

ThroughPut

APRIL 28, 2020

Here are some of the key questions that production teams try to answer during the capacity-planning process: How much free capacity exists at present in each of the service departments/ functions? This also helps define specific parameters to access advanced and predictive analytics reporting to support capacity projections.

Supply Chain Planning Software 52

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

ThroughPut

APRIL 28, 2020

How much free capacity exists at present in each of the service departments/ functions? Production monitoring : This feature allows users to become familiar with issues within capacity planning by using metrics to understand production flow and status. How much capacity buffer is needed for those? Simple and comprehensive reporting.

Supply Chain Planning Software 52

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

ThroughPut

APRIL 28, 2020

Here are some of the key questions that production teams try to answer during the capacity-planning process: How much free capacity exists at present in each of the service departments/ functions? This also helps define specific parameters to access advanced and predictive analytics reporting to support capacity projections.

Supply Chain Planning Software 52

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

ThroughPut

AUGUST 12, 2021

Higher profitability and revenue predictability. S&OP helps to align demand with supply and avoid metrics of losses that are presented through insufficient supplies or excessive inventories. Demand can also be forecasted accurately through sophisticated data models and analytics. Better inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction S&OP Scenario Planning 52

Gravity Supply Chain

MAY 20, 2022

Spire and Gravity Supply Chain solutions helping restore flow of goods by giving customers more visibility and greater confidence to accurately predict delivery times. The quantity of goods carried by containers soared from 102 million metric tons in 1980 to about 1.83 billion metric tons as of 2017. One joint solution.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. High data volumes present the biggest challenge to conventional IT structures since on-premise solutions typically do not have the capacity to manage large datasets. Variety – The different forms of data sources.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

o9 Solutions

JANUARY 25, 2023

In 2019, the European Commission presented the Green Deal as a plan to help the European economy transform linear supply chains into more circular models. 2021) predict that the DPP will be a future product requirement for several industries in the EU with a significant negative environmental impact. 2021 ; Walden et al.,

Supply Chain Planning Software 52

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

Supply Chain Shaman

APRIL 7, 2016

On Monday, I would speak in Orlando Florida at the Terra Technology event; and on Wednesday, present the keynote at the Logistic Summit & Expo in Mexico City. Customer sentiment technologies mine the patterns of unstructured text and use new forms of analytics to guide discovery on what matters to the customer. 3) Supplier Sensing.

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Logility

FEBRUARY 23, 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.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

QAD

JULY 29, 2021

And does he know that he is entering the era of Augmented Analytics? What is Augmented Analytics? Augmented Analytics is an approach of data analytics that employs the use of Machine Learning (ML) technology and natural language processing (NLP) to automate analysis processes normally done by a specialist or data scientist.

Analytics Software 98

Analytics Software Predictive Analytics Analytics Predictive Analytics Software 98

Bristlecone

JULY 20, 2020

There’s been a transformation of finance departments’ focus – from pure transactional processing and after-the-fact reporting, to delivering real-time insights and analysis and supporting business strategy through predictive and prescriptive analytics. What is Predictive Accounting for Sales Orders? Typical Business Scenario.

SAP 52

SAP Predictive Analytics Predictive Analytics Software Procurement Analytics 52

SYSPRO Smarter ERP

JANUARY 9, 2023

Manufacturers increasingly turning to data and analytics, from an ERP system, to support business initiatives. It is needed to provide more accurate awareness and visibility over operations, and by using data and analytics effectively an organization can become more responsive. Steps to building a data and analytics capability.

Analytics Software 111

Analytics Software Manufacturing Procurement Inventory Management Software Predictive Analytics Software 111

Unleashed

AUGUST 16, 2023

A backorder presents an opportunity for businesses to continue to make sales on products that are temporarily out of stock. In other instances, backorders could take longer if there are delays in production, sourcing materials, or unforeseen logistical challenges. You may also need to allocate additional resources to handle backorders.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

RFgen

FEBRUARY 15, 2023

By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. When beginning your analysis, be sure to: Map out your present supply chain. Use metrics to measure performance and track progress over time.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Action Blog

SEPTEMBER 7, 2018

Digitization – increased computing power, more analytical software, the availability of data – has made it possible in a week. This is especially relevant for retailers, and it presents both a challenge and an opportunity for competing with your digital value network in the global digital economy.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Network Software Analytics Software Supply Chain Software 40

Logistics Viewpoints

JANUARY 23, 2024

The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. Snowflake is a cloud computing–based data cloud company that offers a cloud-based data storage and analytics service, generally termed “data-as-a-service.”

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 209

Intelligent Audit

MAY 10, 2022

As more shippers and logistics managers begin to focus on freight analytics, the need for a concise and reliable way to deal with everything involved becomes painfully clear. Supply chain insights and freight audit data and analytics make it much easier to process, analyze and apply all that data practically and effectively. .

Sourcing Strategies 52

Sourcing Strategies Prescriptive Analytics Software Supply Chain Software Analytics Software 52

TrackVia

AUGUST 22, 2023

Here are some best practices: Maintenance Scheduling: Develop a maintenance schedule based on manufacturer recommendations, usage patterns, and predictive analytics. Low-Code: Revolutionizing Asset Management Low-code applications present an innovative approach to transform asset management practices.

Asset Management 98

Asset Management Optimization Software Analytics Software Predictive Analytics Software 98

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. 40 Manufacturing KPIs That Drive Results.

Optimal Sourcing 115

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 115

Intelligent Audit

JANUARY 18, 2022

Actionable analytics and meaningful logistics intelligence are essential elements in freight. Actionable analytics gather large volumes of data and interpret it in a meaningful way, translating it into effective business strategies. Each risk presents the possibility for a delay despite growth.

Analytics Software 52

Analytics Software Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 52

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. There must be a clearly defined data source with a standardized process for collecting and measuring that data. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs. Sales KPIs.

Optimal Sourcing 114

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 114

Cognira

AUGUST 2, 2023

Fresh Item Promotion Planning: Overcoming Challenges and Maximizing Value August 2, 2023 Promotions Home Fresh item promotion planning presents unique challenges and opportunities for merchants and marketers in the retail industry. Ensuring consistent availability is crucial to meeting customer demands.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

ThroughPut

FEBRUARY 15, 2023

Inventory forms a major part of your supply chain efficiency metric as it points directly to your ability of keeping sufficient stocks at a given point in time. Inventory optimization aims at arriving at the right amount of inventory that is sufficient to meet present and future demand forecasted using demand optimization techniques.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Cognira

AUGUST 2, 2023

Fresh Item Promotion Planning: Overcoming Challenges and Maximizing Value August 2, 2023 Promotions Home Fresh item promotion planning presents unique challenges and opportunities for merchants and marketers in the retail industry. Ensuring consistent availability is crucial to meeting customer demands.

Cost Reduction Strategies 52

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

Supply Chain Trend

OCTOBER 29, 2021

The monthly cycle of S&OP meetings has been the forum in which a firm’s forecasts have been presented and reconciled across functional areas. Automation of descriptive, diagnostic, predictive, and prescriptive analytics, including self-selecting machine-learning models for a library of predefined problems.

Supply Chain Planning Software 78

Supply Chain Planning Software Scenario Planning Supply Chain Planning Prescriptive Analytics Software 78

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. Inventory Analytics. Read more: The 10 Procurement Metrics that Matter in 2021. Cloud technology accelerates.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Unleashed

JULY 10, 2023

An S&OP team will typically be involved in: Demand planning – analysing historic sales data, customer behaviour, analytics and insights, and industry trends to identify likely future sales. Make sure you’re using an effective Business Intelligence tool that can capture that data and present it as digestible insights.

S&OP 40

S&OP Supply and Demand Supply Chain Planning Software Inventory Reduction 40

6 River Systems

JUNE 29, 2020

Finally, leaders reduce disruption by building buffers throughout the supply network and invest in advanced analytics to improve planning and forecasting accuracy.” “Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Shaman

JUNE 6, 2015

I was running a factory, and I made a bet with the production team that I could schedule the lines through a heavy summer period and predict production needs adequately to predict when they could get weekends off to spend with their families. I used history to predict the future. If I won, they would cook me dinner. Why so long?

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Supply Chain Trend

NOVEMBER 27, 2016

You have to get the numbers right and you have to translate the S&OP lead-time, inventory, planning bill of materials design implications and sourcing to dozens of different languages used in the roles / departments of a company. Here are a few bullet point of pretty safe predictions.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 60