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Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
The formula for OTIF is: Measuring a supplychain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Timely information is critical, as data older than a few days can lead to costly supplychain disruptions.
Unfortunately, a lack of understanding in omnichannel supplychains has also led many companies to experience extreme issues in delivering on their promises. In addition, some may feel that growing into a seamless omnichannel sales strategy is impossible without supplychaintechnology hiccups, but that is not true.
Supplychain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. This post delves into the core drivers of supplychain efficiency.
When it comes to implementing supplychain planning and operations solutions, success relies heavily upon an organization’s ability to identify and document its desired value measures and outcomes, and to align those with its solutions provider. 1 Co-develop a business case with vendors. 3 Align on goals and KPIs.
In fact, as noted in the study, “97 percent of executives reported having an understanding of how big data analytics can benefit their supplychain, but only 17 percent reported having already implemented analytics in one or more supplychain functions.”.
Here are the three questions that I would like people to ask: Table 1: Comparison of Results for Best of Breed Solution Providers to ERP Expansionists in SupplyChain Planning. Question 1: What drives a Successful Implementation of SupplyChain Planning? Supplychain planning is now on its third decade.
Sure, supplychain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. What about measuring working capital in the SupplyChain?
I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, SupplyChainMetrics That Matter. The world of supplychain is active on my iPhone. Selling licenses does not translate into implemented software. SAP SupplyChain HANA is still a work in progress.
I also shared with them my view that companies will ultimately find opportunities for supplychain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of SupplyChain Operating Networks (SCONs). Fast and effective roll out.
Today, nine out of ten supplychains are stuck. Despite two decades of advancement in supplychaintechnologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. These technologies are applicable to solve many problems.
As an analyst in the battered supplychainsoftware market for a decade, it is fun to watch you grow. Clients buy your software because you make it real. For those who are new to reading the SupplyChain Shaman blog, let me begin my analysis with a disclaimer. It is synonymous with the LLamasoft brand.
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins.
In the study we conducted in 2022 called “ Ecommerce: Is Retailer Fulfillment and Delivery Performance Keeping Up with Sales Growth? ”, convenience was cited as the number one reason consumers bought online and had their goods delivered—and it is consumers’ intention to have more ecommerce purchases delivered to the home. Let me know.
In a major advancement for global supplychaintechnology, project44 has launched Movement, a comprehensive Decision Intelligence Platform that transforms how businesses manage their supplychains. This extensive connectivity has resulted in impressive metrics: 1.2
Seasonal changes, changes in the pace of product ordering and products that tend to be purchased together mean a static slotting plan will eventually fail. If your competitor can get products to them faster, the shopping cart and purchase will be abandoned in favor of your competitor.
While I blog more business-focused research on Forbes , and tell stories from my travels on LinkedIn , this is my blog for the technology leader attempting to stay current on supplychaintechnology trends. I manage a team at SupplyChain Insights and actively publish using an Open Content research model.
The multinational’s goal is to achieve net zero GHG emissions across their value chain by 2040. PepsiCo’s Internal SupplyChain. PepsiCo has an enormous and complex supplychain. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021.
Luckily, multi-carrier shipping softwaresolutions for 2021 simplify shipping, so that brands can focus on what’s most important — growing their business. Read on to learn how multi-carrier shipping software can help you grow your brand by taking the complexity out of shipping. . What is multi-carrier shipping software?
Most supplychain planning teams do not know their customers. I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value.
The company wasn’t a pure startup at the time (it was founded in 1981), but like all software companies during those years, it rode the dotcom tidal wave up — and then crashed down with everyone else (see period from 1999 through 2002 in the stock chart below). One of my first clients back in 1999 was Descartes Systems Group.
As digitization continues to modify the global supplychain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supplychain visibility. Identify shortage and quality problems along the supplychain.
By Costas Xyloyiannis, CEO of HICX By helping procurement teams digitally transform their operations, businesses gain a single source of truth in supplier data. This transformation leads to cost-saving metrics and helps generate accurate ESG reports, writes Costas Xyloyiannis, CEO of supplychaintechnology firm HICX.
With more and more consumers taking the digital path to purchase, retailers are learning that it’s easy for customers to leave the path or abandon shopping carts. ” Mistake 3: Your metrics focus only on volume and cost. If companies want to succeed in the Digital Era, they must become more customer-centric.
They expect to be able to make purchases and receive service in that same lightening quick timeframe. These growing customer-focused supply networks are slowly beginning to replace the traditional, linear supplychain which tends to focus on select links in the chain one at a time. Faster Results.
The beauty of a TPI Kaizen SupplyChain is that it is not limited to just your shop floor or manufacturing process. The principles and tools of this Kaizen SupplyChain can be used and implemented by any team globally to achieve the desired results while delivering value to your customers.
Your customers want freedom of choice — not just in the goods or services they buy, but also in how those purchases are completed and delivered. That means customers gain a unified experience in which they get to shop, purchase, and receive products seamlessly via their desired method. Consumer expectations are high.
You’ll need to work with your buyer on revising their purchasing plans to favor high demand items. You should also look into implementing short term solutions for limited supplies. Another solution is to create inventory reserves. Digitization of paperwork helps with managing supplychain risk and visibility.
Moving on, here’s the supplychain and logistics news that caught my attention this week: MercuryGate Launches ezVision. Jabil Introduces InControl SupplyChain SaaS Decision Support Solution. Software vendors and those involved in the purchasing decision have always viewed “function” as more important than “form.”
No longer relegated to using clipboards, spreadsheets, and manual systems to manage their yard assets, companies are asking themselves questions like: How can we better leverage today’s advanced technologies to run our yards even more efficiently? Gain a holistic view of your supplychain. Matt Yearling is CEO of PINC Solutions.
Mobile data collection solutions can help struggling companies more accurately track their inventory. Before we discuss how mobile data collection solutions can help struggling businesses, we need to address just how serious it is that all companies continuously evaluate their supplychain for weaknesses.
Mobile data collection solutions can help struggling companies more accurately track their inventory. Before we discuss how mobile data collection solutions can help struggling businesses, we need to address just how serious it is that all companies continuously evaluate their supplychain for weaknesses.
After 12 years as an Air Force logistics officer, Michael got his PhD in a top 5 logistics program, and now teaches supplychain management and marketing. Part of the problem is that technology is inherently risky. Part of the problem is that technology is inherently risky. Will it go obsolete quickly?
This is where assortment , space and pricing decisions naturally become part of the modern supplychain. In model where metrics cascade and are split, the only real reference point becomes the store rather than the customer. Shifting focus from store metrics to satisfying customer need is only possible through shared data.
Gaps in knowledge and clarity around ownership for realizing circular supplychains exist, requiring a rethinking of organizational structure and goals. Teams must fully understand the concept and goals, and be equipped with the tools to enact change. Work with data solution providers to meet emerging transparency regulations.
We hear from our clients that 90% of the cost of manufacturing the products that they deliver to their customers is the goods that they purchase from third party companies, from their supplychains. We’re completely fragile to the supplychains that support us. Brandon Daniels, Exiger CEO The world is outsourced.
This is a critical component of seeking improvement in the supplychain, and benchmarking enables a supplychain entity to assess the current condition of such technologies and applications to improve the overall supplychain. What About SupplyChain Entities That Have Time-Sensitive Products?
Every purchase order, shipping notification, and delivery confirmation needs to flow seamlessly between partners. Performance Monitoring – It’s not just about tracking deliveries anymore – you’re measuring everything from carbon emissions to supplier diversity metrics. The beauty of all this?
Because they are focused on ironing out weaknesses in the supplychain, a 4PL partner can help minimise costs by finding the best solutions for the lowest price. The services offered by Healthcare Logistics include warehousing, distribution, clinical trial logistics support, and chainsupplysolutions.
Kirkegaard founded DCRA Inc a supplychainsolutions firm leveraging best of targeted management consulting and supplychaintechnologysolutions with an emphasis on S&OP. was one the first to develop dedicated S&OP technologysolutions. The DCRA Inc.
Dr. Scott Newton, VP for Care Model Solutions at TeleTracking , has more than 30 years of experience in healthcare — working as an EMT, a nurse, an educator and a patient flow command center leader — he is also a trusted adviser and thought leader. If viable, they adopt the solution/ process. Dr. Scott Newton. TeleTracking.
Robinson can reduce the time and energy your general managers and kitchen operators spend managing purchase orders and resolving claims. By combining purchase order technology and expert logistics support, we manage supplychains so our clients can direct store operators’ time to revenue-driving activities instead.
WERC’s Annual DC Measures Survey is a great tool for benchmarking your distribution center and warehouse operations, but it’s also a valuable resource for identifying trends across the industry. This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Annual workforce turnover.
Logistics technologies such as robotic warehouse systems make automation a reality, while drones improve last-mile delivery capabilities and better tracking with tools like RFID tags improve visibility throughout the supplychain. These advancements are accelerating thanks to better tools that were created in 2018.
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