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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

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Demand Planning Software – Top 3 Demand Forecasting Mistakes to Avoid

Logility

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. Neglecting these can distort your forecast.

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Why manufacturers should integrate business intelligence tools into their ERP software

SYSPRO Smarter ERP

BI and analytics have gone mainstream, as evidenced by Snowflake’s (a data warehousing company) transformation from a startup into a $63 billion company in just ten years. Bringing in additional outside data sources can make analysis even more powerful by enabling one to look at a question from a more holistic point of view.

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Supply Chain Department – A Typical Structure

SCMDOJO

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

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How Can Manufacturers Manage Disruption and Improve Productivity?

Logility

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. The term of art is data warehousing.

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What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

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?