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. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In times of uncertainty, cash is king.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Silvon Software

APRIL 18, 2024

These tools enable organizations to quickly turn insights into actions with strong stakeholder buy-in while accelerating the execution of strategies across the business and the attainment of an organizations’ objectives. This ensures that operations are lean and responsive to market demands.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Supply Chain Shaman

MAY 21, 2013

We have used Lean process systems and swim-laned ourselves to death. In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. They are primarily focused on cost management on new purchase decisions. “Does everyone realize how bad the problem is?

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. Even though business data availability has increased, customer purchase patterns has also become more complex, and therefore harder to predict with accuracy.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

Enterra Insights

NOVEMBER 4, 2019

There are a number of excellent reasons circular economies are desirable, including less waste and better use of limited resources. Steutermann notes, “While some metrics on sustainability already exist, they are mostly related to linear metrics, such as reducing waste to landfills or carbon dioxide emissions.

Waste Reduction 100

Waste Reduction Gartner Supply Chain Design Software Agile and Lean Supply Chain 100

BlueYonder

NOVEMBER 30, 2012

At a recent industry conference, I asked my 80-plus audience to raise their hands if they were “OK” with the current status of their performance measurement governance practices – including Metrics Identification, Measuring, Tracking, and Controlling. In this case, from a Lean perspective, it is a waste of time and money.

Agile and Lean Supply Chain 53

Agile and Lean Supply Chain Lean Government Waste Reduction 53

SCMDOJO

MARCH 19, 2024

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. Enroll Now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Shaman

JUNE 29, 2014

With the purchase of i2 by JDA, and Logictools by IBM, manufacturing companies serious about network design started looking for a company, with a well-established community, that was more serious about network design. Most companies are still struggling with “what good looks like” and “what defines supply chain excellence.”

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Supply Chain Shaman

JANUARY 28, 2015

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

GlobalTranz

DECEMBER 18, 2015

No Purchase Orders were used. However, one thing that should come to mind is the prowess of the retail giant's supply chain excellence. Lean Inventory: Using Lean Initiatives To Manage Inventory. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain Optimization 120

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Brand loyalty is no longer the driver for consumer purchasing decisions. People simply want to purchase products from businesses which provide a more transparent and streamlined service, and who deliver on their customer promise, even if it means inflated prices to obtain it.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Shaman

FEBRUARY 18, 2013

They each lag in their understanding of supply chain excellence, and are now struggling to build effective supply chain teams. On the webinar, when the participants were polled on the reason for rising inventories, over 50% of respondents indicated that it was the lack of an executive understanding of supply chain excellence.

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

ThroughPut

NOVEMBER 12, 2020

Dearth of continuous improvement to drive for excellence in warehouse operations Scarcity of end-to-end perspectives in processes, costs, or external supply chain interfaces. Lean warehousing. Lean warehousing is a holistic concept aimed at tackling improvement opportunities across the supply value chain. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. At Supply Chain Insights , this is our passion.

Inventory Reduction 150

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

Supply Chain Shaman

OCTOBER 10, 2017

AGCO was honored to receive the AME 2017 Excellence Award. When her employees kept breaking their tablets on the production floor, Peggy used lean-production thought processes to innovate for new answers. While many companies implement traditional buy/sell strategies with technology providers, Agco chose to partner.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 152

Supply Chain Shaman

MAY 1, 2014

There is an inverse relationship between margin and supply chain excellence. Zimmer’s strategic framework focuses on growth, operational excellence and prudent capital allocation. Leaders need to start a system to improve measurement and tie performance to buying incentives. Yet, the attendees wanted to discuss Lean warehousing.

Supply Chain Planning Software 290

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 290

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. How easy is it to buy from your company? Bio-engineering? Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Supply Chain Game Changer

JULY 15, 2021

Lead time is the length of time it takes from when a purchase order is generated to when an item is delivered. Suppose you want to facilitate shorter customer times while following lean business management principles and using just-in-time inventory management. You can use the extra money to buy stock or extend your marketing reach.

Inventory Reduction 98

Inventory Reduction Material Savings Price Reduction Manufacturing Procurement 98

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” The translation of independent demand into cycle stock reduction in production planning and material buying in demand-driven MRP. It was an early morning. It had been a long night.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. meaningful and accurate performance metrics. reputation for excellence in reverse logistical results. meaningful and accurate performance metrics. reverse logistic cycle time control.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

Supply Chain Game Changer

NOVEMBER 20, 2018

Programs such as Lean have become a popular means to develop a culture of simplification and constant improvement. Although Lean principles provide an excellent basis for managing energy costs, such costs are often left out of an efficiency drive… Why is that? Energy costs are not well understood.

Manufacturing Procurement 44

Manufacturing Procurement Optimal Sourcing Cost Reduction Strategies Price Reduction 44

Talking Logistics

JUNE 30, 2015

Smaller companies have lean shipping departments and are often focused on moving product with little time and energy remaining to negotiate contracts and analyze freight spend. Adopt performance metrics for carriers. Large and mid-size shippers typically have procurement personnel but may lack coordination across shipping locations.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. A grounding in all of these areas and disciplines is excellent and mandatory for anyone looking to work in Supply Chain. Creating a High Performance Organization! Infographic).

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

ThroughPut

OCTOBER 16, 2022

All essential data points including product, suppliers, procurement, purchases and sales can be tracked from the inventory management system and the inventory goals can be further used to categorize inventory metrics. This can help improve business performance by becoming more lean and profitable. DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Locus

DECEMBER 23, 2022

Not only this, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. But even with this knowledge, what’s stopping retailers and e-commerce companies from providing excellent delivery experiences to their customers? First Attempt Delivery Rate: The Metric for CEP & Retail Success.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

Kinaxis

MAY 18, 2016

Procurement might have hit their cost savings metrics, but if it meant purchasing more than needed, and that might hurt your warehouse inventories. The S&OP process 3-4 years ago didn’t lean on that as much as it does now. Or do you think Supply Chain professionals should just go on being quietly excellent?

Supply Chain Software 100

Supply Chain Software Gartner Supply Chain Planning Software Agile and Lean Supply Chain 100

6 River Systems

JUNE 29, 2020

When Toyota pioneered lean production in Japan back in the 1970s, its suppliers facilitated this by being colocated nearby. Yet many companies, lulled by efficient and relatively inexpensive logistics and transport, have been applying lean and just-in-time production methods that span global networks. . Safety stock is ‘bad.’

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

synchrono

DECEMBER 18, 2017

Through this guest blog series, my intent is to share some of my experiences implementing supplier quality and Lean manufacturing initiatives by focusing on eKanban systems. My first post offered advice for planning an eKanban rollout (advice that could be applied across any Lean manufacturing project). Monitor your metrics.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Recommend ways to enhance performance metrics such as inventory, delivery, and overdue orders. Purchasing Agent. This post requires a good head for figures as well as excellent negotiation skills.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97

Unleashed

SEPTEMBER 30, 2022

ROIC is a widely misunderstood metric. ROIC is a more useful metric in industries with high capital needs, such as those with brick-and-mortar outlets, or major infrastructure requirements. At this level, the company is showing it is investing very wisely and returns are excellent. How does ROIC compare to growth?

Cost Reduction Strategies 98

Cost Reduction Strategies Inventory Reduction Waste Reduction Price Reduction 98

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. At the very least, they should see a message indicating that the products are out of stock before they make the purchase.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

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. Click To Tweet.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

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. Few consumers are currently attracted to online purchases of household consumables.

Agile and Lean Supply Chain 40

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

ShipBob

NOVEMBER 15, 2021

The goal of logistics planning is to build a lean and cost-effective logistics operation that can achieve service levels at all times and withstand supply chain disruptions. Similarly, meeting customer demands builds customer satisfaction and loyalty, increases the likelihood of repeat purchases, and usually leads to more sales.

Supply Chain Planning Software 98

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

Supply Chain Shaman

FEBRUARY 25, 2016

This issue is that the orders have inherent order latency (The time for customer purchases to translate to manufacturing orders). There is a belief that the efficient response—the tightly integrated lean supply chain—defines supply chain excellence. Orders do not represent market demand. Barrier #5: The Efficient Supply Chain.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150