Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

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

ivalua

JUNE 14, 2023

Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. The technology workstream identifies potential integration challenges and develops strategies to overcome them, selecting the procurement application best aligned with the organization’s needs and long-term goals.

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing. Tougher than most understand. Make divisions and regions self-sufficient.

Supply Chain Planning Software 374

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

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Optimal Sourcing 244

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 244

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

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Functional Metrics. Advanced planning solutions (APS) do not cross over make, source, and deliver with a common data model in the planning horizons.

Manufacturing Procurement 387

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 387

Supply Chain Shaman

SEPTEMBER 3, 2018

Second, they adapt over time as market structures and strategies evolve. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

Supply Chain Planning Software 311

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

OptiProERP

NOVEMBER 3, 2022

Forty-two percent of SMBs consider digital transformation a central part of their organizational strategy. Developing an Effective Digital Transformation Strategy. A digital transformation strategy is a detailed plan to improve business operations. Define Metrics to Measure Success. But where do you start?

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. Then take an inventory of all the sources of channel data in the organization.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Logistics Viewpoints

DECEMBER 15, 2022

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

SYSPRO Smarter ERP

MARCH 28, 2024

It is a modern business strategy that lets company staff make decisions based on facts instead of biases. If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Lead times for receiving raw materials.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 52

Talking Logistics

APRIL 29, 2015

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

BlueYonder

APRIL 9, 2024

The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. Nearly all strategies put forward by organizations, including Carlsberg, come with a 2030 or 2040 asterisk. Connected Automation Automation is pivotal in addressing the speed aspect of sustainability goals.

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Procurement Procurement involves sourcing and acquiring the materials or products needed for production.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Track the Right Performance Metrics. The next key to transportation network optimization rests with performance metrics. Industry 4.0 Download the White Paper.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

ToolsGroup

AUGUST 3, 2022

These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping ToolsGroup’s expanding team agile and highly coordinated: Jon Purdy is the new Chief Financial Officer. Joseph Luciano is the new Chief People Officer. About ToolsGroup.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Logility

MARCH 21, 2024

However, experienced day-to-day planners know that human oversight is crucial for good outcomes when determining strategies, developing forecasts, building supply plans, and managing inventory. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Sourcing. Networks and Benchmarking.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

SEPTEMBER 20, 2015

Source: Dictionary.com. 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? During the year, I go to a lot of conferences. How do they buy from you?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

ivalua

SEPTEMBER 22, 2022

Through our sponsored Forrester research and experience working with hundreds of the world’s most admired brands, we have established several key strategies to create a more resilient supply chain: 1. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers.

Supply Chain Planning Software 130

Supply Chain Planning Software Study Procurement Solutions Procurement Analytics 130

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Functional Intitiatives Without Clarity on Supply Chain Strategy.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

QAD

NOVEMBER 8, 2022

The pandemic tested the supply chain across all industries, so how can medical device supply chain leaders implement strategies and plan for potential risks in the post pandemic “new normal”? Designing and implementing updated risk mitigation strategies. Broadening Multi-Sourcing and the Use of Near Shore Suppliers.

Optimal Sourcing 95

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Price Mitigation Strategies 95

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logistics Viewpoints

JUNE 29, 2023

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . 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. . What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

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

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting. Don’t worry.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Logility

DECEMBER 14, 2021

In a collaborative environment, companies can execute their sustainability strategy through consensus with supply chain stakeholders. Effective governance requires real-time data to improve sourcing decisions, create and nurture a strong supplier network, and provide the transparency consumers demand. Key Takeaways: Talk isn’t enough.

Supply Chain Planning Software 199

Supply Chain Planning Software Government Supply Chain Software Sourcing Strategies 199

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

ivalua

AUGUST 19, 2021

Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Addressable Spend That is Sourced. Get your copy of the Ardent Partners Procurement Metrics That Matter in 2021.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

Logility

APRIL 2, 2020

If you can’t identify an outcome and a strategy to relate to the KPI, then you’ll be wasting time on data collection and analysis. Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 2 Identify and get access to the right data sources. 3 Get the metrics right. Featured Download.

Negotiating Skills 157

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

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Supply Chain Management: Supply chain management takes on a comprehensive role in overseeing the entire journey of products, from their origin as raw materials or components through the stages of production, sourcing, and ultimately, final distribution to end customers.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78