Logistics Viewpoints

OCTOBER 12, 2023

While working on this at Walmart, we created a hypothesis: if highly perishable produce is moved through a supply chain faster, it will improve the customer freshness perspective because the produce will be of a higher quality. The same “If” statement was repeated for a host of financial and operational metrics.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

QAD

MARCH 28, 2019

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

Customer Service 81

Customer Service Metrics Forecasting Forecasting Software 81

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Twitter Google+ LinkedIn The post 3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance appeared first on Transportation Management Company | Cerasis.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Generative AI and LLMs have potential benefits but face challenges such as data quality across large data sets and ethical implications with bias, fairness, and transparency. Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. A well-designed sourcing dashboard helps the CPO move projects ahead and view all events in one place using graphs, charts, and tags as guides/alerts. Establish metrics to determine product quality and longevity.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. A planning master data layer measures and tracks shifts in lead times, conversion rates, and quality. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

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. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

QAD

APRIL 13, 2023

While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supply chain disruptions.

Pharmaceutical 95

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 95

Logility

AUGUST 15, 2023

Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices. Planners can then pinpoint revenue at risk due to a high resilience index, transcending the conventional scope of multi-sourcing strategies.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

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. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.

Optimal Sourcing 201

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 201

SYSPRO Smarter ERP

MARCH 28, 2024

The volume and quality of data is important. If production metrics are important, you may want to get data on: Machine and labor availability. Defect rates for quality management. How to apply metrics One challenge is deciding what metrics to use. The work to get this has to be collaborative.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Logility

DECEMBER 29, 2020

Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Quality Control. Life Cycle Maintenance.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 130

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. Most companies rely on on-time delivery, price reduction, and quality service from suppliers to make more profit. What metrics do others (in my industry) use?

Vendor Strategies 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

Kinaxis

AUGUST 12, 2015

The findings were generated from multiple sources, including surveys of APICS members, articles, and external research. Connecting strategic supply chain imperatives—that align with overall company objectives—to a tactical management system necessitates the establishment of meticulous metrics. Let us know in the comments!

Supply Chain Planning Software 100

Supply Chain Planning Software Quality Purchasing Skills Supply Chain Strategy 100

Supply Chain Shaman

SEPTEMBER 3, 2018

According to my research, top-performing supply chains possess three very different qualities. A supply chain that produces products at the same cost, quality and customer service given the level of demand and supply volatility. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

OptiProERP

APRIL 9, 2024

Quality control measures are integrated at various checkpoints to ensure compliance with specifications and standards. Quality Assurance Quality assurance ensures that products meet predefined quality criteria. Continuous improvement initiatives help enhance product quality and customer satisfaction.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

BlueYonder

APRIL 9, 2024

For the past 175 years, Carlsberg has continuously reinvented itself from a marketing, innovation and product perspective, while remaining true to its core values of enriching communities while manufacturing quality drinks. Spanning 140 brands, 40,000 employees, 150 global markets, and 12.5 A prospect to raise a glass to.

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

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

Logility

DECEMBER 28, 2020

Thanks to the power of the cloud and advanced analytics, manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to streamline processes from sourcing to sales. Quality Control. Life Cycle Maintenance.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Manufacturing Analytics Software 130

Arena Solutions

APRIL 9, 2024

In complex, discrete manufacturing, especially where traceability and compliance are critical, part serialization, loT-tracking, supplier quality, and other functions require sophisticated systems to manage and track products as they come in the front door, go through multiple value-add processes, and get delivered to the customer.

Manufacturing Procurement 75

Manufacturing Procurement Supply Chain Design Software Manufacturing Analytics Software 75

Supply Chain Game Changer

NOVEMBER 16, 2018

Check out Supplier Quality Management: Drive Value By Safeguarding Value! It has a quality defect.” ” I responded, “Is that actually a quality defect? Quality is a measure of conformance to a standard, and we have no standards.” Subscribe Here! Email Address. Certainly the item was mis-labelled.

Quality 44

Quality Vendor Strategies Company Supply Chain Design Software 44

Logistics Viewpoints

SEPTEMBER 13, 2022

Data quality — Most information is either found indirectly or self-reported by suppliers, and data are reported at various intervals, from weekly to annually. Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Next, the enterprise can set targets.

Cost Reduction Strategies 211

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 211

SYSPRO Smarter ERP

APRIL 24, 2023

The Association for Supply Chain Management’s Supply Chain Operations Reference (SCOR) model provides seven primary processes that will ensure order fulfilment is carried out properly and efficiently — Orchestrate, Plan, Order, Source, Transform, Fulfill and Return.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logility

APRIL 2, 2020

Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 2 Identify and get access to the right data sources. If you use data quality tools, monitor the amount of clean-up needed and work hard to improve the quality in source data systems. 3 Get the metrics right. Featured Download.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. What is Direct Procurement? What is Indirect Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

SYSPRO Smarter ERP

NOVEMBER 3, 2021

The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable. Inbound Supplier Quality Levels : The quality of products produced depends heavily on the quality of products delivered by the inbound suppliers.

Manufacturing Procurement 105

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

Supply Chain Game Changer

NOVEMBER 23, 2018

If we can draw a comparison between Thanksgiving dinners and procurement, they are essentially an every day example of why supplier quality management is important. A quality fit can help a procurement team create top-line growth and customer satisfaction. The input of a supplier’s quality is indicative of a customer’s satisfaction.

Quality 42

Quality Cost Reduction Strategies Resource Reduction Vendor Strategies 42

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

MARCH 18, 2018

Financial Reengineering is the radical redesign of business processes and organizational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality. Few consultants understand the interrelationships between source, make and deliver. Sounds good? Think again.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

SYSPRO Smarter ERP

APRIL 17, 2023

Business intelligence in manufacturing Here are a few ways business intelligence can enable manufacturing organizations to be data-driven: Data analysis: Harness data from various sources like production lines, suppliers, and customers, to identify trends, patterns, and anomalies.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

QAD

OCTOBER 18, 2022

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? As previously mentioned, your company may need to extract supplier risk information from multiple sources to capture all the risk factors that can impact your business. Are the employees provided a living wage? Stay tuned!

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also provide insights into trends and patterns related to rework, enabling manufacturers to identify and address quality issues promptly.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

QAD

NOVEMBER 8, 2022

Jennifer focuses on four supply chain approaches to meet quality and efficiency targets and achieve production promises: Broadening multi-sourcing and the use of near shore suppliers. Broadening Multi-Sourcing and the Use of Near Shore Suppliers. Expanding supplier relationships.

Optimal Sourcing 97

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 97

SYSPRO Smarter ERP

MARCH 2, 2022

To mitigate the risk of unexpected supply chain disruptions, sourcing strategies will need to be revised. Instead of cost reduction being the primary goal, the pool of suppliers should be broadened to provide resilience and backup, even though this has implications for material quality and control over costs. Resiliency.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. The products or services ordered should always meet the agreed quality guidelines outlined in your contract or the purchase order.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. What to do?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Elementum

FEBRUARY 7, 2024

Measuring Automation Success Evaluating the effectiveness of business process automation through AI requires a focus on specific metrics and their influence on organizational goals. Performance Metrics When looking at performance metrics , they must reflect efficiency gains and throughput increases.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78