Logistics Viewpoints

MARCH 25, 2024

So, for other ERP providers, a food & beverage template supports all food and beverage companies. In contrast, the Infor food & beverage solution supports micro verticals. That functionality is necessary for bakeries, dairies, and beverage manufacturers, but perhaps less important for other F&B subverticals.

Vendor Strategies 259

Vendor Strategies Material Savings Resource Reduction Supply Chain Design Software 259

IQMS

SEPTEMBER 11, 2019

Compliance and quality are the foundations all great food & beverage manufacturers rely on to create and strengthen trust with their distribution networks and customers. Traceability Is Key To Excelling At Compliance And Quality for Food & Beverage Manufacturing Companies.

Beverage 50

Beverage Quality Food Manufacturing 50

The Logistics of Logistics

FEBRUARY 11, 2022

OTIF is a key supply chain metric. He works alongside clients ranging from some of the largest food and beverage businesses in the world to the brightest up-and-coming CPG brands in North America. Andrew Lynch and Joe Lynch discuss the true cost of OTIF failure. About Andrew Lynch.

Cost Reduction Strategies 209

Cost Reduction Strategies North America Logistics Network Optimization Software Manufacturing Procurement 209

ThroughPut

MAY 25, 2021

How To Leverage The Benefits Of S&OP For The Food And Beverage Industry? Supply chain-focused organizations like the food and beverages industry can turn the tide with an efficient S&OP process and improve their overall business performance. How different is S&OP in the volatile world of the food and beverage industry?

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

ThroughPut

MAY 25, 2021

Supply chain-focused organizations like the food and beverages industry can turn the tide with an efficient S&OP process and improve their overall business performance. . How different is S&OP in the volatile world of the food and beverage industry? The food and beverage (F&B) industry is however a different game.

S&OP 52

S&OP Supply and Demand Beverage Supply Chain Planning Software 52

Logistics Viewpoints

NOVEMBER 3, 2022

The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.

Supply Chain Design Software 234

Supply Chain Design Software Optimization Software System Logistics Network Optimization Software 234

DELMIA Quintiq

JULY 25, 2022

Today’s business goals include financial as well as operational metrics, the trade-off between cost and service is only one of a number of competing priorities. New KPI’s are also being prioritized, including sustainability metrics. Business based outcomes. Optimization and analytics.

Modeling 156

Modeling Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning 156

Logistics Viewpoints

OCTOBER 4, 2021

They provide these solutions to some of the largest consumer goods and food & beverage companies in the world. They can then use the data to provide an apples-to-apples benchmark on a variety of innovative supply chain metrics applicable to the grocery supply chain. Forecasting Accuracy Was Terrible . That is an all-time low.

Inventory Reduction 250

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 250

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. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

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

The Logistics of Logistics

JUNE 7, 2021

OTIF is a key supply chain metric. He works alongside clients ranging from some of the largest food and beverage businesses in the world to the brightest up-and-coming CPG brands in North America. Andrew Lynch and Joe Lynch discuss the true cost of OTIF failure. About Andrew Lynch.

Cost Reduction Strategies 147

Cost Reduction Strategies North America Manufacturing Procurement Logistics Network Optimization Software 147

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. A Look at History. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Shaman

JULY 22, 2019

Smaller, more agile companies outperform the larger and well-known brands in the retail, beverages, food, and pharmaceutical industry sectors. We selected these metrics based on correlation work with Arizona State University in 2012. The companies I work with struggle to set metrics targets. Celebrating Success. Target Setting.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Supply Chain Shaman

DECEMBER 28, 2020

The second story is about a regional beverage manufacturer. It is my hope that we can side-step political discussions demonstrated in my stories and ground the problem solving in scientific methods to understand the properties of data, the potential of supply chains through modeling, and the alignment of metrics.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

NOVEMBER 21, 2022

PepsiCo is a very big company, the second largest food and beverage company in the world. PepsiCo generated $79 billion in net revenue in 2021, with 23 food and beverage brands that generate more than $1 billion each in retail sales. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021.

Supply Chain Design Software 209

Supply Chain Design Software Purchasing Skills North America Resource Reduction 209

Supply Chain Shaman

JULY 25, 2016

Unfortunately, we find most companies are moving backwards on the Supply Chain Metrics That Matter™ or making progress on singular metrics versus driving performance improvement on a balanced portfolio of supply chain metrics that correlate to market capitalization. (If The winners and finalists are an elite group.

Pharmaceutical 210

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 210

QAD

JANUARY 6, 2022

In its 2021 survey, Deloitte once again affirmed the fact that more digitally mature businesses outperform industry averages on a variety of financial metrics. The authors refer to the bounty of benefits that accrue from digital maturity. And we couldn’t agree more. Digitally Mature Manufacturing: Bickford’s.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimization Software Tools 98

crisp

JUNE 6, 2024

This layer in our data platform, enriched with algorithmic models that define key metrics for CPGs, facilitates efficient analysis for agile decision-making; access to clean data in business tools like Power BI; and the power to leverage cutting-edge AI/LLM technologies to reveal trends and deeper insights. This fosters deep data exploration.

Waste Reduction 52

Waste Reduction Inventory Reduction Modeling Software Resource Reduction 52

Unleashed

NOVEMBER 16, 2022

Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. Fulfilment days – the period between receiving and fulfilling an order. Food 93.69%.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Inventory 52

Supply Chain Shaman

JUNE 15, 2018

Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio. An orbit chart is the linking of data across years at the intersection of two metrics. improvements. I was wrong. Wrapping Up.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

GlobalTranz

SEPTEMBER 25, 2018

On today’s episode we welcome Andrew Lynch, Co-Founder & President of Zipline Logistics, an award-winning logistics service provider that specializes exclusively in the transportation of retail consumer goods and food and beverage products. Capacity & Carrier Metrics Resources to Download. Download E-Book.

Logistics Network Optimization Software 121

Logistics Network Optimization Software Capacity Logistics Waste Reduction 121

Logility

MARCH 14, 2023

They needed a powerful, analytics-driven solution to integrate and transform the data from their disparate systems, along with a front end for visual analytics, designed for the specific challenges of the beverage industry. The sabermetrician focused on a new metric: On Base Percentage (OBP).

Predictive Analytics 130

Predictive Analytics Predictive Analytics Software Analytics Software Big Data 130

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Do you find it ironic that the companies with the highest margins like pharmaceuticals, beverage and beauty increased payables the most? In times of uncertainty, cash is king.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Supply Chain Shaman

AUGUST 12, 2020

The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. The research project analyzed 1200 combinations of 180 metrics for four hundred companies for the period of 2010-2012. The result? The reason?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

crisp

JUNE 20, 2024

Whether grabbing a single beverage or stocking up on fridgetastic four-packs, this ready-to-drink (RTD) brand’s rise has been fueled by strategic partnerships with distributors like KeHE , unlocking opportunities across major grocery chains.

Supply Chain Planning Software 52

Supply Chain Planning Software Fort Worth Optimization Software Analytics Software 52

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. The Stratum data hub collects, organizes and stores data from multiple sources and serves as a single version of the truth for helping our clients analyze performance KPIs and metrics across their businesses.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Supply Chain Shaman

JULY 3, 2015

Supply chain leaders manage a complex system of non-linear, but very inter-connected metrics. Leaders need to balance a portfolio of metrics. Year-over-year Improvement at the Intersections of the Metrics. It is for this reason, that we are hard at work on the analysis of the Supply Chain Metrics That Matter series of reports.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Unleashed

MARCH 6, 2023

But they’re especially useful in fast-moving consumer goods (FMCG) categories such as food and beverages. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. Here are four more major benefits of a food and beverage marketing plan.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. Why do we spend four months doing this? We aim to move companies from a cost-based agenda to drive value in their supply chains. Congrats to all.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

QAD

AUGUST 31, 2023

We support MMOG/LE V6, IATF 16949 for Automotive; ISO 13485 and FDA 21 CFR 820 for Life Sciences Medical Devices, Eudralex Volume 4 and FDA part 211 for Life Sciences Pharmaceuticals, HACCP and ISO 22000 for Food & Beverage, and APICS for Industrial, High Tech and Consumer Products.

Resource Reduction 98

Resource Reduction Waste Reduction Material Savings Cost Reduction Strategies 98

Supply Chain Shaman

MAY 29, 2014

As a result, the metrics have to be viewed together as a pattern over time. In the journey, the supply chain leader needs to improve the potential of a portfolio of metrics. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.

Gartner 304

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 304

Supply Chain Shaman

MAY 22, 2013

The AMR Top 25 was the first methodology that tried to connect financial metrics with supply chain excellence. It elevated the discussion on supply chain excellence and drove more discipline and rigor in the use of financial metrics. See how different the progress is on this metric by industry? The intent was good.

Gartner 254

Gartner Pharmaceutical Supply Chain Chemicals 254

QAD

APRIL 25, 2019

Using Metrics to Measure Quality. Training is a key component of most compliance frameworks, so in a highly regulated industry such as automotive or life sciences, these metrics can help ensure compliance with requirements. Food and beverage, automotive or medical device recalls can be astronomically expensive.

Metrics 109

Metrics Quality Expense Reduction Cost Reduction Strategies 109

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. The beverage sector was the only industry to score between 40 and 60, at 57 out of 100. Quarterly performance is then benchmarked against the nine previous quarters.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Supply Chain Insights

JULY 26, 2016

Unfortunately, we find most companies are moving backwards on the Supply Chain Metrics That Matter™ or making progress on singular metrics versus driving performance improvement on a balanced portfolio of supply chain metrics that correlate to market capitalization. (If The winners and finalists are an elite group.

Pharmaceutical 110

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 110

ThroughPut

JUNE 5, 2024

Performance Measurement The vendor and customer agree on performance metrics, such as inventory turnover, service levels, and cost savings. They regularly review these metrics to evaluate the VMI program’s success and identify areas for improvement. These metrics can include a variety of data points. What does VMI measure?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Locus

MAY 20, 2024

OTIF – On-Time In-Full On-Time In-Full (OTIF) is a key logistics metric that evaluates whether shipments are delivered completely and on schedule. Read Also: A Comprehensive Guide to Effective Returns Management 3. CPGs are crucial for retail businesses because they drive frequent consumer purchases and generate steady revenue.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98