ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Step 3: Metric Selection During the next step, we focus on validating key metrics. can provide tangible indicators of success.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52

Logistics Viewpoints

JUNE 1, 2021

I was excited to place the order right away so my present would arrive in time for Father’s day. Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. To my delight, I found one that was on promotion. What is Promotion Management?

Inventory Management Software 186

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 186

MIT Supply Chain

APRIL 3, 2014

While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. These investments also create opportunities because most shipper customers are unable to commit the same level of resources to their IT systems. Most people thought of transportation as a part of their overhead.”

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

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

Logistics Viewpoints

MARCH 25, 2024

billion for 2024, is the third largest supplier of enterprise resource planning software applications. The software architecture allows the value to be measured and those metrics are visible to the customer and the Infor success team. Infor customers were present and spoke at this summit. Infor, with anticipated revenues of $3.4

Vendor Strategies 226

Vendor Strategies Material Savings Resource Reduction Supply Chain Design Software 226

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

Taulia

JULY 21, 2022

Key performance indicators (KPIs) and supplier performance metrics can be used by businesses to evaluate the performance of their individual suppliers and by extension the effectiveness of their supply chain as a whole. Metric: The number of orders containing defective products divided by the total number of orders placed.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. Do you feel your supply chain management team is tracking too many metrics? If so, it’s probably true, and what’s more, most of them are probably not KPIs at all (that’s why we said “metrics”). Are You Sure All Your Indicators are KEY?

KPI 83

KPI Supply Chain Strategy Supply Chain Software Supply Chain Design Software 83

ThroughPut

JANUARY 19, 2024

Logistics presents a formidable challenge in the ready mix concrete (RMC) industry. Secondly, coordinating customer needs, plant capacity, and transport resources was also vital. By analyzing key metrics like travel time, return travel, and time spent on-site, the company was able to make data-driven decisions.

Case Study 52

Case Study Waste Reduction Resource Reduction Material Savings 52

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 320

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 320

SCMDOJO

APRIL 15, 2022

Access to internal resources can provide the needed insights towards making swift resolutions to most problems faced by products/services. The consultant(s) can help evaluate and present all viable solutions providing the most cost-effective recommendations. 5. Detecting and Exploring Resource Gaps.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Strategy Supply Chain Software Supply Chain Optimization 133

Supply Chain Shaman

JUNE 7, 2021

My approach took too much time and resources. I began analyzing correlations of groups of metrics to market capitalization and found that the most significant correlation was between market capitalization and growth. When companies were growing, I also discovered that the cost and inventory metrics better aligned with peers.

Gartner 199

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 199

Supply Chain Shaman

SEPTEMBER 17, 2014

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. Companies with the strongest performance had more advanced supply chain human resource departments, a well-integrated supply chain finance team, and a supply chain center of excellence.

Optimal Sourcing 308

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 308

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

Supply Chain Matters

APRIL 28, 2023

With 2023 and beyond presenting uncertain economic outlooks, threats of actual economic recession, coupled with uncertainty as to overall depth or duration, businesses are especially focused on needs for added efficiencies. They can help identify where the bottleneck resources are, and how to balance production to alleviate the constraints.

Supply Chain Planning Software 52

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

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

Kinaxis

NOVEMBER 26, 2014

In today’s competitive manufacturing environment, the only metrics that count are how a change impacts the company’s goals. What if in addition to the late items, the CSR had information about who was responsible for the items or resources that were late. I’ll tell them what they are getting.”This So what do you think?

Supply Chain Planning Software 256

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

SCMDOJO

FEBRUARY 20, 2023

Don’t forget to check out our best practices , tools , and a list of helpful supply chain resources on the website! These should be tailored to the business’s specific needs but often include metrics such as on-time delivery, order accuracy, cost of delivery, customer satisfaction levels, and operational efficiency.

Inventory Reduction 102

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 102

GlobalTranz

JUNE 18, 2015

This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Successful reverse logistics systems and programs significantly increase customer satisfaction, decreases necessary allocations storage, energy, and other resources. meaningful and accurate performance metrics.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The overarching rule that all actions taken are meant to meet the needs of the present society without compromising future generations’ ability to meet their own needs, is a key driver. Sustainable Transformation is Data Driven – Driving Profitable Supply Chains from Resources to Retailing. million gallons of SAF this year.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

American Global Logistics

SEPTEMBER 12, 2023

Challenges and Risks in Implementing Innovative Supply Chain Management Practices While innovation brings many benefits, it also presents challenges and risks that businesses must address. Apple’s innovations focused on key supply chain metrics, allowing for significant supply chain improvements.

Sourcing Strategies 52

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

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. He gave a great presentation.

Inventory Reduction 263

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 263

Elementum

SEPTEMBER 6, 2022

Five Supply Chain Management Challenges in 2022 The last two years have caused endless disruptions to supply chains, but have also presented an opportunity to diversify and think creatively. Fortunately, there are a vast range of tools available to build a supply chain that can withstand a broad scope of pressures.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Logility

JUNE 2, 2023

Cost Reduction: Aligning supply and demand through accurate forecasts minimizes waste, streamlines processes, and optimizes resource allocation for operational cost efficiency. It’s widely used because it presents forecast accuracy in an intuitive way.

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

ivalua

JUNE 29, 2020

Add to this a set of complex and unique processes such as bill only transactions, which are often fairly resource intensive. Baylor, Scott & White (BSW) presents a great example of achieving digital transformation powered by supply chain. Take it from our customers that have gone down this road and achieved significant value.

Supply Chain Planning Software 219

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

Talking Logistics

JULY 2, 2014

I spoke about this convergence during my keynote presentation (see some of my slides below), and also during a recent Talking Logistics episode. Mobilecast On Track , “a low cost, durable, phone-based solution designed specifically to help track your mobile resources and provide metrics for management.”.

Conference 142

Conference Optimization Software Supply Chain Design Software Analytics Software 142

Supply Chain Shaman

JULY 30, 2022

” (The use of the term “basics” is usually code for the implementation of Enterprise Resource Planning (ERP) to improve order-to-cash and procure-to-pay.). Why have we not improved our use of channel data in supply chain processes?” The technique defined by Taiichi Ohno is to ask “Why?”

Supply Chain Design Software 195

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

ThroughPut

MARCH 27, 2024

Anticipating Bottlenecks and Finding Alternative Routes AI works with real-time data and offers visibility into various metrics that can disrupt the supply chain. Therefore, substantial adjustments need to be made to infrastructure that would require high proficiency of skills and resources to operate the systems.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Precoro

DECEMBER 11, 2023

Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road. Key information present in the finalized contract should include the product or service description, pricing per item and tax information, delivery and payment timeframes, and payment methods. Data-Driven Approach.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

SEPTEMBER 2, 2016

Pick five-to-seven balanced metrics and hold all functions accountable to these corporate metrics. They, as a group, will imagine together a future state for 2030 based on presentations from thought leaders. Communicate the balanced scorecard for the team through clear leadership communication and stay the course.

Supply Chain Planning Software 0

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

Supply Chain Matters

JUNE 15, 2022

Further highlighted were customer presentations, particularly from customers Honeywell and Qualcomm. In this commentary we want to call Supply Chain Matters reader attention to the event’s final presentation which was titled: Thriving Through Supply Chain’s Most Difficult Hour- A Conversion with Experts.

Conference 52

Conference Supply Chain Planning Software Supply Chain Design Software Prescriptive Analytics Software 52

American Global Logistics

JULY 14, 2023

However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. Economic Markets and Supply Chain Challenges The current economic landscape presents challenges for supply chains. Understanding their contribution requires precise metrics and methodologies.

North Carolina 52

North Carolina Supply Chain Software Modeling Procurement Analytics 52

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. How will you try to achieve them?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

synchrono

MAY 7, 2018

In any manufacturing environment, delivering what you promised when you promised is good business, so measuring this metric makes sense. However, as simple as this metric should be to measure, it can get complicated. Making Manufacturing Metrics Meaningful Again. Take the exa mple of On Time Delivery (OTD).

Metrics 58

Metrics Manufacturing Resource Reduction Supply and Demand 58

Talking Logistics

DECEMBER 4, 2017

And that was the main point of the keynote presentation: to illustrate to all the stakeholders in the HBM ecosystem (producers, suppliers, contractors, and haulers) the possibilities and opportunities that exist to elevate the way they communicate, collaborate, and orchestrate (plan and execute) their processes.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

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.

Turkey 231

Turkey Supply Chain Planning Software Supply Chain Planning Inventory Reduction 231