QAD

JULY 1, 2021

This is not to be confused with the cost of goods manufactured (COGM), which refers to just the cost of inventory that was finished and prepared for the sale in the period. Improving communication between departments and comparing metrics across them. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 88

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 88

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Consumer Goods.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

SYSPRO Smarter ERP

APRIL 24, 2023

Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer. Using historical data and trend information, an ERP system can help to predict and plan for demand levels in order to keep adequate supplies in stock without creating problems of under- or over-stocking. What is order fulfilment?

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logility

JUNE 2, 2023

Demand forecasting accuracy refers to measuring how closely forecasted demand aligns with the actual demand experienced. Forecast Value Add (FVA) FVA is a potent metric measuring whether the forecasting process adds value by improving accuracy. Let’s get started! What is Demand Forecasting Accuracy?

Forecasting 130

Forecasting Modeling Forecasting Software Supply and Demand 130

QAD

OCTOBER 18, 2022

Another trend that is getting rapid traction is the fact that there is a collective desire for humanity to become more human (luckily!). Governments and industries are joining this trend by creating new laws and regulations to ensure that businesses are respecting human rights, supporting diversity and respecting the planet.

Gartner 98

Gartner Optimal Sourcing Alabama Metrics 98

DELMIA Quintiq

DECEMBER 14, 2021

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. However, the bigger share of food that goes to waste happens in supply chains, which differs from food waste and is referred to as “food loss.” To learn more about future food trends, download our ebook here.

Waste Reduction 296

Waste Reduction Food Optimal Sourcing Material Savings 296

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

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

JANUARY 4, 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. ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Unleashed

APRIL 29, 2024

Work in progress (WIP) inventory refers to partially completed goods or products still in the production process that have not yet reached the final stage of completion. Work in progress, on the other hand, usually refers to larger, more complex projects. What is work in process (WIP) inventory?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. To stay competitive in this challenging environment, distributors must stay abreast of new trends, advances, and changes in the supply chain and logistics landscape.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

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? Inventory accuracy. Safety stock.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

OCTOBER 16, 2023

Examples of raw material inventory Raw material inventory refers to the materials and ingredients used in manufacturing and production. Let’s break down the two main types of raw material inventory with some examples: Direct materials : Direct raw material inventory refers to materials directly used in producing or manufacturing a product.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

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. What do voids refer to?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

GlobalTranz

FEBRUARY 25, 2021

Reverse logistics refers to all operations related to the reuse of products and materials. By integrating the process of managing return logistics with supply chain systems, particularly the transportation management system (TMS), managers can see reverse logistics KPIs and metrics in real-time. What is reverse Logistics?

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

Talking Logistics

NOVEMBER 17, 2015

Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?

Supply Chain Software 100

Supply Chain Software Supply Chain Optimization Supply Chain Strategy Supply Chain Network Software 100

ShipBob

DECEMBER 13, 2023

Reduced spoilage and obsolescence: Critical for perishable or trend-sensitive products. Inventory” can refer to finished goods as well as the materials used to make those goods, whereas “stock” refers solely to finished goods. These metrics provide valuable insights into how well your inventory is managed.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Locus Robotics

JANUARY 2, 2024

There are five pivotal solutions and trends that are reshaping the logistics landscape. Locus Robotics for example offers the LocusOne solution, with which it is possible to provide operators with relevant and actionable operational and management planning metrics.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

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. This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time. Outbound KPIs.

Manufacturing Procurement 105

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

Elementum

FEBRUARY 7, 2024

By analyzing customer data, AI identifies trends and behaviors, enabling targeted engagement strategies that improve retention and lifetime value. Measuring Automation Success Evaluating the effectiveness of business process automation through AI requires a focus on specific metrics and their influence on organizational goals.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

QAD

AUGUST 12, 2021

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. The sustainability trend goes beyond businesses that may have positioned themselves as “green” primarily for marketing benefits.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

The Logistics & Supply Chain Management Society

MARCH 14, 2023

The time lag, especially in the dynamic environment we have been operating in these last couple of years, from when the transaction or shipment is handled to the time it is collated and thence released may not capture trends quickly enough for some of us to react and respond.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Locus Robotics

JANUARY 2, 2024

There are five pivotal solutions and trends that are reshaping the logistics landscape. Locus Robotics for example offers the LocusOne solution, with which it is possible to provide operators with relevant and actionable operational and management planning metrics.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

SYSPRO Smarter ERP

OCTOBER 18, 2022

This seems to be the first trend that everyone picks up. In the metal fabrication market, “reshoring” refers to the trend of outsourced jobs and industries returning to the place from which they originated. The resulting trend of reshoring has emerged in part as an antidote to these issues.

Trends 98

Trends Industrial Industry Cost Reduction Strategies 98

Unleashed

JANUARY 29, 2024

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Logility

JANUARY 20, 2021

Refer back to your Assessment — many companies have yet to create a comprehensive digital twin. Can you analyze trends at the SKU level and drill into constraints on the shop floor? Challenge yourself to think beyond the traditional Available-to-Promise metric and ask if an action meets the criterion of profitable-to-promise.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Analytics Software Predictive Analytics Software 130

Enterra Insights

JUNE 6, 2023

Supply chain expert Niels van Hove notes, “What used to be planning, or a planning system, is now sometimes referred to as planning & decision making. 2] Niels van Hove, “ A Better Plan is not Necessarily a Better Decision ,” Supply Chain Trend, 22 January 2023. [3] 3] Michael C. 6] Weisinger, op cit.

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 257

Case Study Inventory Reduction Agile and Lean Supply Chain Study 257

Supply Chain Game Changer

AUGUST 30, 2021

Research physicist Dr. Alex Hoffman creates VIXAL-4, a machine that monitors investments and trades instinctively after analyzing news stories and market trends. Author Daniel Stanton explains the importance of many different supply chain functions, including human resources, information technology, metrics, purchasing and operations.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

ivalua

AUGUST 17, 2021

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . million metric tonnes of e-waste in 2019 globally, of which just 17% was recycled”. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. Below is a breakdown of the different warehouse KPIs by type and what metrics to follow. Here are the essential metrics to track, so you can measure the effectiveness of your warehouse inventory management process. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. Days Inventory Outstanding (DIO) is a liquidity metric which measures the average number of days inventory is held in a business before it is sold. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Silvon Software

FEBRUARY 21, 2018

It can be a series of initiatives to improve the business’s performance — often referred to as operational restructuring. Our experience with mid-market manufacturers and distributors has shown that the deployment of financial and operational metrics is still an evolving process.

Report 74

Report Inventory Reduction Cost Reduction Strategies Material Savings 74

Supply Chain Collaborator

NOVEMBER 16, 2017

The bellwether metric – spot rates – are pegging the meter. higher than contract rates and refer units are commanding a premium of almost 6% higher than contracts. This trend shows few signs of abating due to the additional pressures and costs incurred by the ELD mandate which has been forcing many small carriers out of the market.

Just-in-Time 60

Just-in-Time Negotiating Skills Transportation Purchasing Skills 60

Enterra Insights

MAY 24, 2021

The term generally refers to changes, transformations, modifications or the evolution of something. Business leaders ready to transform a company have to rethink everything: business models, product development, marketing processes, fulfilment, and success metrics.”[5] When you hear the term “changing face,” what springs to mind?

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

Resilinc

JANUARY 3, 2022

In March 2021, the Marshall and Solomon Islands —nations that are already losing land and resources due to sea level rise—asked the International Maritime Organization (IMO) to charge cargo ship owners $100 per metric ton (MT) of carbon-dioxide emitted.

Resource Reduction 62

Resource Reduction Material Savings Solomon Islands Waste Reduction 62