GlobalTranz

NOVEMBER 16, 2020

Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference.

Metrics 218

Metrics Transportation Shipping Transportation Management 218

RFgen

NOVEMBER 27, 2024

That’s where data analytics comes in. Modern supply chains thrive on real-time data, execution-focused applications, and dynamic decision-making. In this post, we’ll explore how data analytics can revolutionize your supply chain. Demand Forecasting: Analyze past data to predict future needs.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 80

Logistics Viewpoints

JANUARY 23, 2024

This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. The single data cloud runs on Snowflake, one of Blue Yonder’s partners.

Supply Chain Planning Software 231

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 231

Logistics Viewpoints

JULY 23, 2024

Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem.

Optimal Sourcing 259

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 259

ivalua

NOVEMBER 29, 2022

Tracking the Metrics that Matter. While Ardent expects Procurement to rise to and tackle these challenges, tracking the metrics that matter will help them stay focused for full recovery. Inflation Metrics. Tracking this metric and taking steps to improve it can help combat inflation. Risk Metrics.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

Supply Chain Shaman

NOVEMBER 21, 2024

The big data architectures are often present in the current “AI offerings.” The use of python and big-data architectures enables the ingestion of unstructured and streaming data that can move the model from inside-out (using enterprise data) to outside-in (use of market data).

Supply Chain Planning Software 294

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 294

DELMIA Quintiq

JUNE 22, 2021

In this final blog on agility and why you should consider becoming an agilist to survive the new completion (of the continuous mention) of the application of enterprise decision management systems (EDMS) from Taylor and Raden cited in the first blog, I turn to the metric of agility and a new ROI metric of decision yield. The Takeaway.

Metrics 156

Metrics Supply Chain Planning Software Agile and Lean Supply Chain Optimization Software 156

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 98

Logistics Viewpoints

SEPTEMBER 25, 2024

IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.

Internet of things 249

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 249

Silvon Software

APRIL 11, 2024

Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion. However, data alone lacks intrinsic value. Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming.

Predictive Analytics 104

Predictive Analytics Analytics Software Analytics Sourcing Strategies 104

Logility

AUGUST 5, 2021

IBP is long-range strategic business planning that combines volumetric and financial data into a single, highly visual, comprehensive planning platform that delivers greater global visibility, more powerful multi-scenario analysis over longer planning horizons, tighter collaborative workflows, and a wider spectrum of alerts.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Logility

MAY 22, 2020

Users are accustomed to building everything in Excel and manipulating the data as needed for their own particular use, typically using static reports or spreadsheets that are siloed in specific departmental needs. A key solution to this problem is to implement a centralized data warehouse for a single version of the truth.

Analytics Software 148

Analytics Software Metrics Supply Chain Design Software Supply Chain Software 148

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

ivalua

SEPTEMBER 10, 2019

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress.

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

GlobalTranz

MARCH 18, 2020

The post What Are the Most Important 2020 Freight Metrics to Know? Then, coronavirus happened to spread, and now, it will impact global supply chains. It is only a matter of time. Fortunately, understanding the facts.read More. appeared first on Transportation Management Company | Cerasis.

Metrics 156

Metrics Freight Forecasting China 156

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

CHAINalytics

JANUARY 12, 2021

Fortunately, there is one metric that we’ve found is the perfect introduction to data-driven improvements. Every time a client asks us to help them diagnose their warehouse operations, we start the only way … The post The One Must-Have Metric for Warehouse Operations appeared first on Chainalytics.

Metrics 102

Metrics Warehousing Data Supply Chain Design 102

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. Why have we not improved our use of channel data in supply chain processes?” My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” ” Yet leaders with high-quality master data are 1.5x less likely to be affected by supply chain disruptions.

Procurement Analytics 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Precoro

NOVEMBER 25, 2024

Why procurement reporting matters Simply put, procurement reporting is the process of gathering, organizing, and analyzing data from your sourcing and purchasing activities. On the other hand, procurement reports are more detailed, structured documents that typically summarize data over a specific period.

Procurement Analytics 70

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 70

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Kinaxis

DECEMBER 3, 2014

Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Logility

MARCH 14, 2023

It’s no longer considered magic because we now have advanced analytics systems that harness and organize massive amounts of disparate data and model that big data in ways that allow humans to be proactive and make informed decisions. How can big data lead to supply chain optimization? Sound familiar?

Predictive Analytics 130

Predictive Analytics Predictive Analytics Software Analytics Software Big Data 130

GlobalTranz

JUNE 14, 2017

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

QAD

JUNE 25, 2019

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Many organizations publish turns data by industry or SIC code to help gauge where you stand against others in your industry. Using Metrics to Measure the Health of the Business.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

Supply Chain Shaman

JANUARY 7, 2015

While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. After two years of research, I think that we throw the supply chain out of balance and limit its potential through the use of traditional and functional metrics. Achieving Balance in Metrics.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Supply Chain Shaman

SEPTEMBER 4, 2017

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data.

Supply Chain Planning Software 173

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 173

Supply Chain Shaman

SEPTEMBER 22, 2024

Companies speak about moving from a functional metric focus to managing corporate metrics, but this does not happen. Of the 114 balance sheet metrics tested in work with the statisticians at Georgia Tech, operating margin improvement has the highest correlation to market capitalization. Hence the Facebook analogy.)

Cost Reduction Strategies 378

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply Chain Planning Software 378

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

OCTOBER 28, 2024

To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” net promoter score or similar metric) as a supply chain KPI.

Supply Chain Execution 215

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 215

SYSPRO Smarter ERP

MARCH 28, 2024

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. Using data to find patterns, inferences, and insights ensures that your company goals and plans are based on evidence and that decisions made are balanced and objective.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimization Software Data 52

crisp

JUNE 6, 2024

Crisp’s semantic layer transforms disparate retail data into a common language, fueling a new era of CPG intelligence. For CPGs, retail data holds the key to informed decision-making across the enterprise. However, unlocking the full potential of raw data requires transforming it into concise, actionable insights.

Waste Reduction 52

Waste Reduction Inventory Reduction Modeling Software Resource Reduction 52

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Today, however, there is hardly an activity that doesn’t produce some kind of data that can help companies understand what is going on within their supply chains. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

GlobalTranz

NOVEMBER 8, 2018

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Disjointed systems and data silos, creating delays in processing and deficiencies in visibility. The capacity crunch continues, and the ELD mandate has lowered the number of trucks available.

Analysis 151

Analysis Data Forecasting Software Forecasting 151