Logistics Viewpoints

AUGUST 15, 2022

A direct material is a raw material, component, or assembly used directly in the manufacturing process. For example, one of the key decisions that a manufacturer needs to make is should they continue to buy goods from one of their suppliers. In contrast, a part used in the production process may be custom made for that manufacturer.

Supply Chain Network Software 309

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 309

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down.

Forecasting 270

Forecasting Forecasting Software Modeling Optimal Sourcing 270

Logistics Viewpoints

APRIL 5, 2023

ARC Advisory Group, where I work, publishes an analysis of the 25 manufacturers with the most mature digital transformations. Most recently, the APQC has conducted best practice and benchmarking research on digital transformation. Essentially, digital transformation is the integration of digital technology into all areas of a business.

Logistics Network Optimization Software 301

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Inventory Management Software 301

Supply Chain Shaman

JULY 6, 2020

Frank, the line manager for manufacturing, dominated the meetings. Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. The first step in the development of a strategy is benchmarking.

Agile and Lean Supply Chain 296

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 296

Logistics Bureau

DECEMBER 22, 2024

Using KPIs for performance measurement ensures that you are continuously evaluating your business activity against a static benchmark. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Why Are KPIs Important?

KPI 74

KPI Agile and Lean Supply Chain Supply Chain Strategy Supply Chain 74

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. The greatest gap is in the design of supplier and manufacturing networks. And, in our Digital Manufacturing Study. They are slow to adapt.

Supply Chain Design Software 286

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 286

Logistics Viewpoints

FEBRUARY 14, 2024

Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development. Logistics In line with the past several years, inventory management continues to be the top focus area in logistics.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 325

Logistics Viewpoints

MARCH 21, 2021

AGCO is an agricultural equipment manufacturer. When a supply chain disruption occurs, it is not uncommon for complex equipment and automotive manufacturers to have different plants in their company fight each other for the same components. AGCO Logistics Team Accepts Prestigious Supply Chain Award. We never had that before.”

Supply Chain Design Software 317

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling 317

Kinaxis

JULY 18, 2014

The research benchmarks A&D companies against other industries and looks at the top five A&D companies over the last decade. It has about 6 million components which are manufactured in 30 countries by 550 unique suppliers. The obvious challenge is the complexity in the A&D industry. No registration required.).

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Supply Chain Strategy Aerospace 224

Supply Chain Shaman

SEPTEMBER 24, 2017

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. Across the industry, we find that companies think that they are managing costs and inventory better through technology investments like supply chain planning, but they have a false sense of accomplishment. Is talent a cost or an asset?

Cost Reduction Strategies 202

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 202

Logistics Viewpoints

JANUARY 23, 2024

Zebra Technologies and FourKites The Zebra Technologies booth highlighted a number of supply chain-focused partnerships, including an e-commerce packing and sortation conveyor and AI powered inventory management application. Infor is able to use its visibility application to dynamically update ETAs and look at the impact on inventory.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 298

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. Based in Paris, L’Oréal is a global personal care manufacturing company. Growing Pains.

Case Study 261

Case Study Inventory Reduction Agile and Lean Supply Chain Study 261

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

Supply Chain Shaman

MAY 1, 2014

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. The shift of inventory without the sharing of data is a mistake.

Supply Chain Planning Software 290

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 290

ToolsGroup

SEPTEMBER 4, 2019

The North American Supply Chain Executive Summit will bring together a “who’s who” of industry experts, service and solution providers, and media partners from across North America to network, benchmark, share, and learn real-world solutions to universal challenges that face every SCM professional in their daily work. About ToolsGroup.

Supply Chain Planning Software 34

Supply Chain Planning Software ToolsGroup Supply Chain Software Supply Chain Planning 34

ToolsGroup

NOVEMBER 16, 2020

Get out ahead of the competition with better demand forecasting to enable you to carry less inventory while raising service levels. Wholesale distributors are squeezed between manufacturers and their customers; facing increased competitive threats, escalating SKU counts and expanding ecommerce. million in inventory in the first year.

Inventory Reduction 156

Inventory Reduction Distribution ToolsGroup Forecasting 156

DELMIA Quintiq

NOVEMBER 29, 2013

But breaking down high-level financial goals into measurable benchmarks raises more questions. Should you aim for the lowest possible inventory or should you try to ensure that SLAs are always met? Once the right operational KPIs are in place, you need a way to benchmark schedules. What maximizes profit?

Scenario Planning 201

Scenario Planning Supply Chain Optimization Benchmarking Supply Chain Planning 201

ToolsGroup

DECEMBER 17, 2020

We saw this right at the start of the pandemic, when parts being manufactured in Wuhan province disrupted car manufacturers’ production lines around the world. These disconnections can seriously hurt manufacturers and retailers in today’s online, service-driven economy where consumer expectations are defined by the Amazon experience.

Supply Chain Planning Software 275

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 275

SCMDOJO

FEBRUARY 15, 2025

Improve collaboration between suppliers, manufacturers, and logistics partners. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. Businesses can adopt Just-in-Time (JIT) inventory management or demand-sensing techniques to improve efficiency.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Modeling Inventory Reduction 91

SYSPRO Smarter ERP

AUGUST 23, 2023

With the fabricated metal industry receiving government grants and incentives, it now ranks as one of the fastest-changing sectors in the manufacturing marketplace. technologies, manufacturers are building what we are calling ‘Manufacturing Agility’ into their organizations. With the introduction of many of the ‘Industry 4.0’

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Planning Software Modeling Software Demand Planning Software 98

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. How do you calculate Average Inventory?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Supply Chain Shaman

APRIL 19, 2021

I am constantly surprised how many intelligent manufacturing teams buy software from PowerPoint. Avoid focusing on building a good demand plan and expect significant issues in service and inventory. Instead, focus on improving error to reduce cost, improve inventory, and delight customers. There is a need to change the mindset.

Supply Chain Planning Software 281

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 281

Logistics Viewpoints

APRIL 1, 2021

Collaborating with suppliers on demand forecasts, inventory, and capacity: Supply chain teams can make optimal projections of material and capacity needs by supplier. Through collaboration, supplier inventories can be closely monitored for any shortages and proactive interventions. This can in turn benefit Tier 2 suppliers and beyond.

Optimal Sourcing 282

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 282

GlobalTranz

DECEMBER 1, 2014

2014 is coming to a close and as we herald in the New Year, shippers (manufacturers, retailers, and distribution centers) around the country are busy gearing up for the holiday season and have holiday logistics best practices on the brain. Benchmark DC Systems to Handle the Volume. Make your Inventory Omni-Channel.

DC 244

DC Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Planning 244

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 174

Unleashed

MARCH 30, 2022

If you’re a manufacturer looking to boost efficiency, control charts are a simple but effective way to monitor and improve your production processes. So what is a process control chart, why are they so useful for manufacturing businesses , and how can you start using them? We take a look. What is a process control chart?

Manufacturing Procurement 98

Manufacturing Procurement Six Sigma Inventory Management Software Manufacturing 98

IQMS

JANUARY 9, 2020

Bottom Line: 2020 manufacturing trends are driven by manufacturers’ strong confidence in their ability to deliver high-quality products that earn repeat orders while delivering excellent customer experiences. What we learned together creates the foundation of our top ten manufacturing trends for 2020.

Trends 91

Trends Manufacturing Predictive Analytics Software Supply Chain Design Software 91

Supply Chain Shaman

AUGUST 12, 2020

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs. The reason? The reason? Is this leadership?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

MARCH 12, 2014

As we have outsourced logistics and manufacturing, I firmly believe that we need to get more serious about the building of Business-to-Business (B2B) networks. These are one-to-many and many-to-many architectures that connect logistics providers, contract manufacturers and suppliers into true supply networks. Digital Manufacturing.

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Gartner 317

Supply Chain Shaman

JULY 24, 2014

SAP SNC has been disappointing, as has their work on inventory optimization and demand sensing. We see in our benchmarking work that SAP APO takes three times longer to install and has a lower ROI than best-of-breed software. While others approach it from a Manugistics view-point, and others from a Red Prairie perspective.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Design Software Network Design Software Supply Chain Network Software 245

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What are its advantages and disadvantages?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

Supply Chain Shaman

JUNE 21, 2023

One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. The analysis is biased toward large process-based manufacturers in the Gartner network. Is this success? I don’t think so. Learning Stalled.

Gartner 360

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 360

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. When I walk into a room at most Fortune 500 manufacturers, I am amazed at the loss of collective understanding of the principles of supply chain planning. Rise in Inventories. Old habits die hard.) The reason?

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Inventory 105