Supply Chain Shaman

DECEMBER 15, 2022

Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement. Few consultants understand the supply chain as a complex non-linear system. False Beliefs.

Manufacturing Procurement 382

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 382

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

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

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 Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” These capabilities do not exist at Ford. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

ivalua

JUNE 14, 2023

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

SYSPRO Smarter ERP

MARCH 28, 2024

Data maturity is not just about collecting data, companies already do that in many systems. 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. The ERP system also becomes one of the main systems of record.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Data Optimal Sourcing 52

Supply Chain Shaman

MARCH 27, 2023

Current planning taxonomies do not plan across make, source, and deliver answers bi-directionally. Continual reaction to real-time data streams introduces nervousness into the system. Integrating data does not align an organization motivated by functional metrics. .” And most are linear progressions devoid of sensing.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 295

Logistics Viewpoints

SEPTEMBER 13, 2022

Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Data accuracy to aid in decision-making — One must have a system to draw insight from data. Such a system should be able to convert spend into emissions so that you can establish baselines.

Cost Reduction Strategies 212

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 212

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

The seemingly miraculous capabilities of generative AI systems like ChatGPT (large language models, or LLMs, generating novel text and code), Dall-E (generating novel images), and Alphafold2 (protein structure prediction) come from exploiting this scale. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logistics Viewpoints

AUGUST 7, 2023

A previous supply planning implementation, of an SCP system from a different supplier, had not gone well. The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. The system either works or it doesn’t.

Supply Chain Planning Software 176

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 176

3PL Insights

MAY 3, 2021

May 03, 2021— Evans Distribution Systems, a leading provider of third-party logistics and supply chain solutions, launched a new business intelligence tool: evans365. Evans365 accesses and analyzes data sets from Evans’ warehouse management system and other data sources and presents findings graphically. MELVINDALE, Mich.,

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Software Tools Distribution 52

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

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Both procurement solutions from ERP companies like Oracle or Infor – or business spend management solutions – can help companies enforce these sourcing supplier decisions.

Supply Chain Network Software 219

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 219

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. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 202

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 202

Supply Chain Shaman

JULY 25, 2021

Each P&L leader will game the system to improve bonus structure payouts. The Focus Inside-out Supported by Functional Metrics. Trade-offs of commercial programs with source, make, and deliver to maximize value to the customer and improve margin.). The reason? 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

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

EcoVadis

MAY 31, 2018

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. Sustainable procurement is one of the four themes of our assessment; it has its own theme score and is included in the overall rating.

Procurement Analytics 68

Procurement Analytics Metrics Sustainability Optimal Sourcing 68

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 56

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 56

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. Aligning Procurement Processes & Systems. Addressable Spend That is Sourced. Spend Under Management.

Optimal Sourcing 130

Optimal Sourcing Metrics Procurement Sourcing Strategies 130

OptiProERP

APRIL 9, 2024

It involves multiple departments, systems, and stakeholders, each playing a crucial role in ensuring a seamless flow of operations. Sales representatives or an automated system generates quotes based on product specifications, pricing, and terms. Quote-to-Cash Steps 1.

Optimal Sourcing 52

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

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

Logistics Viewpoints

NOVEMBER 14, 2022

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. Lead times in planning systems are often measured, input into the system, and assumed to be true from that point forward.

Agile and Lean Supply Chain 225

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 225

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. As the CFO, Jon is responsible for financial operations and risk management.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

QAD

APRIL 13, 2023

In addition, the continued existence of product quality issues may point to increased complexities in the supply chain, limited innovation in manufacturing, inadequate adoption of modern manufacturing technologies and robust quality management systems.

Pharmaceutical 95

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 95

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. The benefits of this integration are clear.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

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

ivalua

SEPTEMBER 22, 2022

For most organizations, data remains fragmented across many systems, with duplicate supplier records and errors, along with no effective way to consolidate internal, supplier-provided, and 3rd party information. Data will almost certainly come from a variety of sources – the supplier, employees and a range of 3rd party sources.

Supply Chain Planning Software 130

Supply Chain Planning Software Study Procurement Solutions Procurement Analytics 130

Elementum

FEBRUARY 7, 2024

AI-driven systems improve understanding and management of workflows. AI’s adaptability enables systems to not only carry out tasks but also to learn and enhance processes over time. The integration of AI and ML marks a pivotal shift in workflow automation, enabling systems to adapt workflows dynamically in real time.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Logistics Viewpoints

JUNE 26, 2023

Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning. The company chose 4Flow to do transportation planning and execution in Europe.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 208

Logistics Viewpoints

FEBRUARY 14, 2022

This orientation is fundamental in determining what KPIs the company values, as many of them are far different from metrics managed by manufacturers relying on traditional views of success.”. In fact, their digital champions began by aggressively expanding their sources of wisdom beyond their historic and current resources.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Software Report Logistics Network Optimization Software 190

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 245

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 245

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

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 best done using an ERP system, where different steps of the manufacturing chain – order management, production, fulfilment, etc. – Warehousing KPIs.

Manufacturing Procurement 105

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

Arena Solutions

APRIL 9, 2024

Spreadsheets, generic workflow management systems, and traditional manufacturing execution systems (MES) have resulted in blind spots, gaps, and inaccuracies that make managing all aspects of a product’s lifecycle—from inception through operation, delivery, and maintenance—virtually impossible. principles.

Manufacturing Procurement 74

Manufacturing Procurement Supply Chain Design Software Manufacturing Analytics Software 74

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

TMC

NOVEMBER 18, 2015

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67