Supply Chain Game Changer

NOVEMBER 16, 2022

Digital procurement practices are a significant factor in achieving company excellence. Direct purchase requests from employees are possible with varying levels of auto-approval. For example, automating invoice processing can help the firm save even more money by preventing late fines and receiving early payment incentives.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Supply Chain Matters

APRIL 28, 2023

Supply Chain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment. Refocusing on Operational Excellence In the previous section, we identified a number of drivers for operational efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Precoro

FEBRUARY 27, 2023

Streamlines Internal Procedures Spending data analysis sheds light on similar purchases between different departments. It enables them to cooperate even more closely to create fewer purchase orders and get things done faster by grouping multiple items and services into one purchase. There are plenty of KPI categories and types.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

SupplyShift

JUNE 17, 2021

For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. These KPIs should target specific supply chain issues that roll up to overarching sustainability goals.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

SupplyShift

JUNE 17, 2021

For example, in 2019, 90% of companies listed on the S&P 500® index issued an annual sustainability report, compared to just under 20% in 2011. These KPIs should target specific supply chain issues that roll up to overarching sustainability goals. Secure Buy-In. Source: sasb.org.

Material Savings 52

Material Savings Supply Chain Design Software Supply Chain Planning Software Resource Reduction 52

Logistics Bureau

NOVEMBER 15, 2021

As I’ve mentioned in other KPI articles that I’ve written, we come across a surprising number of businesses that struggle to choose and use KPIs effectively in our consulting work. This time I’m going to share some warehouse-specific insights into KPI selection and use. 1) Speed up the Warehouse. For Putaway.

Warehousing 52

Warehousing KPI Inventory Reduction Expense Reduction 52

Taulia

NOVEMBER 28, 2021

By regularly monitoring the average amount of inventory you hold, perhaps monthly, you can determine whether you’re over- or under-buying and iron out the spikes and drops to make your approach to inventory management more efficient. You can calculate inventory turnover using the following formula: Cost of goods sold / average inventory.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Supply Chain View from the Field

NOVEMBER 25, 2013

They focused on beginning with category spend, and driving down to specific actions in terms of KPI’s, prioritization of resources, and optimization of the relationship through collaborative approaches. They were able to derive an R-squared of 0.80, which is excellent given the number of data points they started with.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

Supply Chain Movement

MAY 19, 2016

In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. Apple is a good example of this.”.

Supply and Demand 60

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 60

SCMDOJO

APRIL 4, 2023

Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? What are some examples of Supply Chain Analytics? Some examples of SCM analytics include demand planning , sales and operations planning , inventory management , capacity planning, simulation and scenario analysis , optimization , and spend analytics.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

6 River Systems

OCTOBER 12, 2020

When the appropriate tools are in place for managing uncertainty and ensuring accessibility, institutions have excellent chances to continually generate productivity improvements, increase customer satisfaction and improve financial performance. For example, you can involve a client and several of their suppliers to buy transportation fuel.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Material Savings Inventory Reduction 98

Supply Chain Game Changer

SEPTEMBER 30, 2020

Listed as a top key finding in a 2020 WBR Insights report it was found that, “The top concern for procurement professionals is making buying decisions without the necessary insight” (WBR Insights 2020). Sure, you can try and shuffle through the rows and columns of your Excel Hell, build custom algorithms, and visualize a bar chart.

Procurement Analytics 53

Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing Supply Chain Software 53

Synovos

MARCH 11, 2024

The carbon footprint of the products they buy is affecting their choices and trends are favoring longer product life and lower energy usage.” Take the surge in energy prices and inflation since the onset of war in Ukraine, for example. Poor weather conditions, for example, can be an issue for facilities in remote locations.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

QAD

JUNE 26, 2024

Obtaining organizational buy-in requires understanding how S&OP can help reach Sales and Marketing goals and, ultimately, the company’s overall objectives. The Sales and Marketing leader needs to wisely manage these competing KPI. Sales and Marketing both need to realize the value of S&OP for their individual objectives.

S&OP 52

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

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. In general it’s preferred to choose just a few KPIs (say 3 or 4) to focus on.

Cost Reduction Strategies 124

Cost Reduction Strategies KPI Price Reduction Expense Reduction 124

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. The Importance of Alignment.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Logistics Bureau

OCTOBER 19, 2020

Suppose you wanted to be the fastest runner in the world, for example. For example, are you sure that you don’t have one or two business units that excel in a performance element which, otherwise, is proving to be a weakness for your supply chain operations? Those levels are “benchmarks”.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

ThroughPut

JUNE 24, 2022

This has severely affected the smooth supply chain functioning across the globe due to the “panic buying” ripple effect. For example, forecasting the decline and end-of-life of a product accurately on a sales channel, along with the growth of the market introduction of a new product, is easily achievable. 3) DIVE INTO YOUR DATA.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Infosys Supply Chain Management

APRIL 8, 2014

« Gamification - An EAM perspective | Main | Whats your KPI? There are pre-packaged software applications which help companies in analyzing their data and give them meaningful insight into their data - examples are customers demand trends, financial analysis, sales optimization etc. is called Advanced Analytics.

Analytics Software 35

Analytics Software Supply Chain Network Software Supply Chain Planning Software Predictive Analytics Software 35

Logistics Bureau

NOVEMBER 27, 2016

So in order to perhaps spawn some ideas for your supply chain excellence efforts, I thought I’d offer a brief overview of how four leading organisations are achieving their successes and cementing their mastery of the 21 st century supply chain. 4 Leading Operators with the Supply Chain X-Factor. The Sustainability Drive. Innovation.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

6 River Systems

FEBRUARY 25, 2019

I am buying a sheep and goat farm alongside a larger space for a garment factory so that I can control where the cashmere and wool is coming from, how it is processed and how it is manufactured before it is sent to my customers. If you want to optimize your supply chain, the way to do it best isn’t to buy some fancy new machine.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

6 River Systems

FEBRUARY 22, 2019

For example, the counting is carried out by personnel from another department other than the warehouse, who carry out samplings to perform surprise counts in order to check the reliability of the inventory, count more frequently the assets of greater value or greater turnover, etc. Then implant control methods. The top operators work at a 99.9%

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain Trend

DECEMBER 13, 2016

On top of this we can see examples of marketing driven service providers that very doubtfully brand their product S&OP, or make up new names for existing S&OP processes. I have purchased the E-Book myself and truly enjoyed it. . Worse, overall S&OP development and progress seems to have stalled.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

ThroughPut

MAY 23, 2019

Whether making the decision to “build, buy, or buddy”, that is, through internal R&D, acquisition of technology / companies, or licensing external technologies through partnerships, respectively, adequate capital is still a key determinant factor of success or failure. For example, where are your operations most efficient?

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Automotive 40

ThroughPut

NOVEMBER 28, 2023

Many excellent supply chain analytics tools in the market differ in features, focus areas, visualizations, and other vital elements. For example, by analyzing historical transportation data, businesses can identify routes or carriers that are more cost-effective. What are the Best Supply Chain Analytics Solutions?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

ShipBob

APRIL 30, 2023

An eye-popping 94% of customers say that positive customer service experiences make them more likely to buy again. This can lead to a frustrating customer experience and prevent shoppers from buying from your store again. To calculate this KPI, you need to ask customers “How would you rate the help [Agent] gave you?”

Customer Service 52

Customer Service Optimal Sourcing Procurement Analytics Optimization Software 52

Logistics Bureau

DECEMBER 20, 2021

The inventory turns KPI is the metric that provides this information. Inventory Turns: An Illustrative Example. Here’s an example of the total calculation of inventory turns: Company A has COGS of $315 million for the year 2020. The inventory to sales ratio is another helpful KPI to track turnover. 1: Inventory Turns.

Inventory Reduction 98

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 98

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. This freight management KPIs measures a broad scale of maintenance as well.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Precoro

NOVEMBER 25, 2024

Let’s be honest: managing procurement can feel like a juggling act — with pending requisitions, undelivered purchase orders, unpaid invoices, budget tracking, and stock transfers all in the mix. Together, they offer a range of benefits that extend well beyond simply keeping track of purchases.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 105

SCMDOJO

JANUARY 22, 2025

Customer OTD (On-Time Delivery) % Definition One of the most critical KPIs in supply chain metrics is the percentage of order lines delivered to the customer within the agreed-upon timeframe. Calculation Issues to Consider It is mandatory to report this KPI for the Electrical Sector.

Procurement Analytics 90

Procurement Analytics Metrics Supply Chain Design Software Supply Chain Planning Software 90

NC State SCRC

JANUARY 3, 2025

The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.

Negotiating Skills 52

Negotiating Skills Procurement Analytics Purchasing Skills Supply Chain Planning Software 52