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

SEPTEMBER 20, 2015

When I hear companies discussing the implementation of a customer segmentation strategy, I ask a series of questions: Who is your customer? What are you trying to accomplish through the execution of a customer segmentation strategy? Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. As I sat at the airport I worked on my presentation for the Supply Chain Insights’ webinar on building a customer-centric supply chain on August 17. The Customer-Centric Supply Chain Strategy needs both.).

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Logility

AUGUST 18, 2023

However, achieving this critical alignment often stumbles over familiar hurdles: A limited understanding of supply chain operations at the executive level, objectives that diverge between strategy and operations, gaps in communication, a lack of shared KPIs, and the relentless pace of market changes.

Supply Chain Performance 188

Supply Chain Performance Supply Chain Planning Software Resource Reduction Supply Chain Design Software 188

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Myth 8: Generative AI is immune to biases present in training data Generative AI produces predictions based on its training data.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Locus

OCTOBER 17, 2023

These metrics prove to be an early indicator of the future success of NFL players. These metrics come in handy, especially when businesses plan their logistics operations. Also, they can devise strategies to improve the delivery performance of the least-performing drivers by addressing their bottlenecks and operational inefficiencies.

Cost Reduction Strategies 52

Cost Reduction Strategies Analytics Software Price Mitigation Strategies Supply Chain Planning Software 52

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

There are many strategies organizations use prior to implementing the process and as a working, educated leader in SIOP who has assisted in pioneering the process in an organization, I have found the best methods, or steps to take is to ensure the following: Have a clear vision and focus, accepting adaptability and shared accountability.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. Creating a new supply chain strategy can be complicated, if not daunting. Before diving into making your strategy, take a deep breath and consider your objectives. A strategy is bound to fail if you can’t define success. It’s time to step back and re-evaluate.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Logistics Viewpoints

AUGUST 7, 2023

Pete Bennett, and his co-presenter, Mary Byrne, the vice president of supply and demand planning, spoke during a presentation at Kinaxis’ user conference Kinexions. Planner Metrics – They implemented adoption metrics on how often planners were using the planning application or if they were experiencing any pain points in the system.

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

Logistics Viewpoints

OCTOBER 5, 2022

In his presentation, Matt discussed the future of supply chain optimization. Here is a quick breakdown of the phases as described by both Matt and Fab Brasca, EVP, Industry and Market Strategy. This is all about the alignment of metrics and objectives. As the tagline said, I was there to learn, connect, and be inspired.

Real-time Visibility 217

Real-time Visibility Predictive Analytics Software Supply Chain Network Software Optimization Software 217

ivalua

JUNE 26, 2023

The final session of the day, ‘Driving Sustainable Procurement’ was presented by Stephen Carter. The symposium emphasized the importance of data management to track ESG metrics and ensure compliance with regulations.

Optimal Sourcing 244

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 244

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

MIT Supply Chain

APRIL 3, 2014

While reliable service and low prices are still important, these metrics have become prerequisites for commercial success. Companies are almost forced to use supply chain as a competitive advantage, and that puts pressure on us to understand their business strategy.”. Big Data’s big impact.

Negotiating Skills 105

Negotiating Skills Logistics Network Optimization Software Price Reduction Expense Reduction 105

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset. What do voids refer to?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

GlobalTranz

FEBRUARY 2, 2018

Omnichannel has been a buzzword in supply-chain circles for several years, but retailers that have invested in implementing omnichannel strategies have shown less than superior results, says Steve Dennis via Forbes. These problems show weaknesses and overlooked concerns when implementing omnichannel supply chain strategies.

Omnichannel 169

Omnichannel Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 169

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The companies I work with struggle to set metrics targets. Target Setting.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 250

Vinculum

APRIL 17, 2020

In a crisis period like the present, these challenges can be harder to manage. Due to the present short-term slowdown, businesses can reorganize their channels, operations, and processes to suit strategic long-term planning. The post Business Strategies to Recover After the Coronavirus appeared first on Vinculum Group.

Inventory Reduction 52

Inventory Reduction Supply Chain Strategy Modeling Strategy 52

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 161

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 161

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 185

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 185

Supply Chain Game Changer

NOVEMBER 4, 2021

To make better financial decisions, you need to know your business’ numbers and create better strategies for making financial decisions. But how do you develop such strategies that can help you make sound financial choices for your company? Another essential metric is your cash flow and profits.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Strategy Strategy 52

Logistics Viewpoints

DECEMBER 7, 2021

Carrier capacity management strategies ease the crunch. Proactive shippers have used multi-carrier parcel shipping technologies and strategies to navigate rising carrier costs for years. Multi-carrier shipping strategies also need rules in place related to delivery time requirements, special conditions (hazmat, refrigeration, etc.),

Capacity 191

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 191

Unleashed

APRIL 11, 2024

That’s why AOV is an essential metric to improve. Operational costs present one of the biggest opportunities for boosting net margins. Get tactical with your sales strategy. Optimise your customer retention strategy. When shoppers to spend more on each purchase it has a desirable effect on your profits.

Waste Reduction 52

Waste Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Silvon Software

JANUARY 25, 2023

This article presents 18 ideas that can be used by supply chain leaders to improve participation by their sales organizations in the process. Sales management needs to develop a customer-interaction strategy, often by channel, market, or customer segment. Tie forecast metrics to operational and financial metrics.

Supply and Demand 106

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 106

Logistics Bureau

FEBRUARY 6, 2023

Without these critical metrics, you’re flying blind. 2: Using KPIs That Are Not Aligned with Supply Chain Strategy We’ve stated many times in our articles that a supply chain strategy can only succeed when aligned with the overall business strategy. Therefore, you can’t improve them.

KPI 83

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

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. This year-over-year comparison, enables visualization of performance on two metrics. In addition, they rank last in their ability to drive metrics improvement. Metric balance is difficult for supply chain teams.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

Supply Chain Shaman

JUNE 29, 2014

To balance new requirements for customer service with a wider product platform, the focus needed to shift to be on the form (raw, semi-finished goods, and finished products) and function (design of cycle inventories, seasonal builds, safety stock and customized product strategies) of inventory. Ensuring Profitability. It is serious business.

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. This is where supply chain resiliency considerations and best practices are embedded into corporate strategy, culture, operational processes, and even product design.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

Supply Chain Shaman

MARCH 9, 2020

The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. Here I share three strategies to consider to eradicate some of the barriers. A low-level employee with one-to-two years of experience will never be successful at the helm of driving a large corporation’s planning strategy.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Precoro

DECEMBER 11, 2023

With strategic sourcing, historical and current data are collected in order to analyze established processes, predict market requirements, maximize purchasing power, and align purchasing strategy with organizational objectives. Sourcing strategy Next, the sourcing team creates an actual sourcing strategy. Building risk strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. The ploys–lunches, drinks, and presents–became humourous after a while.).

Gartner 203

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 203

BlueYonder

APRIL 13, 2023

I spoke with Blue Yonder’s Hong Mo Yang , SVP, Manufacturing Industry Strategy, during a recent Blue Yonder Live session where he shared the top supply chain opportunities and challenges, what to expect this year from ICON 2023, and some of the key highlights for manufacturing sessions. Can you shed some light on that?

Manufacturing Procurement 72

Manufacturing Procurement Inventory Reduction Optimal Sourcing Cost Reduction Strategies 72

SCMDOJO

APRIL 15, 2022

Their role is to provide an in-depth analysis of strategies that will work best for the company and its supply chain process. Consulting Firms can examine your overall process with a clear, refined, and impartial view leading to a more accurate and effective problem-to-solution strategy. Inventory Optimization Tool.

Supply Chain Planning Software 133

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

Taulia

JULY 21, 2022

That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy. Metric: The number of orders containing defective products divided by the total number of orders placed. But how can supplier performance be measured? The importance of supplier KPIs.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. It has been awhile.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Supply Chain Shaman

AUGUST 2, 2017

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Business Strategy. The flows need to support a common business strategy. The frequency of the plan needs to be common across the organization. Technologies.

S&OP 154

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 154

Logility

JUNE 2, 2023

In essence, it evaluates the effectiveness of your demand forecasting strategy, assessing how your customer demand predictions match reality. It’s widely used because it presents forecast accuracy in an intuitive way. The closer your forecast aligns with the actual demand, the higher your demand forecasting accuracy.

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130