Unleashed

OCTOBER 6, 2021

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.?

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The implementation of a Demand-Driven Materials Requirements Planning (DDMRP) using Orchestr8 followed in 2017. The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. Nick does this well.

Demand Planning Software 264

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 264

Supply Chain Shaman

JULY 6, 2020

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. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance.

Agile and Lean Supply Chain 301

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 301

Supply Chain Shaman

JANUARY 14, 2013

It was a story where people believed that functional excellence leads to supply chain superiority. Year after year, well intentioned people toiled against improving metrics that reduced, not improved, the effectiveness of the supply chain. Metrics comparison of Kellogg Co. Don’t get me wrong. You got it!

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

DELMIA Quintiq

DECEMBER 28, 2020

Ultimately, what KPIs, as metrics and indicators derived from the set of plans are taken into account and prepared for each scenario. Working with Excel spreadsheets does not contribute the efficiency, speed and agility necessary for planning teams to bring the best plans to the company. Technology for Effective Planning.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

Logistics Viewpoints

JULY 18, 2022

Driving an excellent supply chain depends on how people are recruited and managed, processes, and the technology used. In the annual report where they report on their key performance indicators (KPIs), they don’t just report on core financial metrics and the NPS, they also have people metrics. Getting the Most out of People.

Supply Chain Design Software 299

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Network Design Software 299

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. The most common reporting relationship in the supplier organization is to a leader of supply (focus on logistics, distribution, materials sourcing and customer service). It is now shifting again.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The company’s current strategy is to bring a Connected Enterprise to life.

Supply Chain Software 30

Supply Chain Software Case Study Supply Chain Planning Software Supply Chain Design Software 30

Supply Chain Shaman

OCTOBER 7, 2012

There are seven primary agility levers: Analysis of Form and Function of Inventory: Form of inventory is the decision of what form to hold the inventory in: raw material, semi-finished good or finished good. The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

Logistics Viewpoints

MARCH 9, 2023

The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable. CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 280

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 280

Enterra Insights

MARCH 17, 2022

”[2] According to Logility, there are six goals for environmental supply chain sustainability: Reducing energy consumption; improving waste; tracing and recovering products; using recycled content; efficiently using raw materials; and utilizing return and restore. After all, it costs money to try and reduce carbon emissions.

Supply Chain Design Software 147

Supply Chain Design Software Eliminating Excel in Purchasing Material Savings Waste Reduction 147

Supply Chain Shaman

FEBRUARY 1, 2024

Each concept is flawed adding to, not reducing, cost and waste. Optimization engines to improve functional metric performance resulted in an exploding number of planners. days to receive a purchase order confirmation. The average purchased order changes 3.5 Reduce Data Latency in Networks. On average, it takes 2.8

Supply Chain Planning Software 359

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 359

Supply Chain Shaman

OCTOBER 2, 2020

Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. A well-defined customer-centric supply chain starts with a clear definition of the organization’s strategy to serve a well-defined customer requirement. Over the last month, I moved.

Customer Service 312

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 312

Supply Chain Insights

JULY 27, 2017

Recently I had the opportunity to go to Llamasoft headquarters in Ann Arbor, Michigan to play the game they have programmed for Supply Chain Insights around supply chain strategies and inside-out versus outside-in processes, SCI IMPACT! the importance of making decisions based on a strategy. This is where having a strategy becomes key.

Inventory Reduction 77

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 77

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. Vice President of Global Operations Strategy, Seagate Technology. His reasoning?

Supply Chain Design Software 150

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

SCMDOJO

AUGUST 4, 2023

If so, then it’s time to consider the numerous benefits of reducing inventory. In this article, we’ll explore seven compelling reasons why you should reduce inventory and how it can be a game-changer for your business. In some cases, inventory levels can see an increase to save costs, increase profit, and more.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

Talking Logistics

NOVEMBER 10, 2014

Several customers addressed those questions in excellent case study presentations: Dr. Bernhard Herzog, Oxea GmbH – “Business Impact of a Supply Chain Operating Network”. BASF’s goals included: Automating the end-to-end Purchase-to-Pay process from purchase requisition to invoice. Improve process quality for vendors and BASF.

Optimal Sourcing 203

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 203

Supply Chain Opz

JULY 7, 2013

The company won the ISM 2012 Award for Excellence in Supply Management (category:process). However, the logic Cisco uses to manage the disruption is very robust and details are summarized into the infographic below, Note: metrics data is for illustrative purpose. Robust risk mitigation strategies really work. Discussion.

Supply Chain Disruption 170

Supply Chain Disruption Supply Chain Strategy Manufacturing Procurement Supply Chain 170

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Access to data on supplier performance, market trends, and cost analyses enables leaders to optimize procurement strategies for improved efficiency and effectiveness.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

DECEMBER 4, 2018

For the past five years, the team at Supply Chain Insights identified Supply Chains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The company’s current strategy is to bring a Connected Enterprise to life.

Supply Chain Software 34

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement 34

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

Enterra Insights

JANUARY 6, 2021

” In order to achieve that goal, companies need to move from Excel spreadsheets to cognitive technologies with embedded advanced analytics. ” In other words, digital transformation is not about buying technologies, it’s about using technologies the right way. ” Her answer, “I don’t think so.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply Chain Strategy 190

Supply Chain Shaman

JUNE 14, 2014

Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter.

Manufacturing Procurement 290

Manufacturing Procurement Optimal Sourcing Procurement Analytics Modeling 290

Supply Chain Shaman

FEBRUARY 14, 2022

They gave lip service to the need for IT standardization, but ran their process on a custom built model that enabled reverse bill of material, and profitability analysis. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. However, this mature team found the technology insufficient. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

MARCH 21, 2022

Yes, while I believe that we will be more choiceful on sourcing strategies and hopefully not blindly chase labor arbitrage or tax-efficient supply chain strategies, global supply chains will persist. Over 93% of companies use Excel Spreadsheets to develop their plans. I think that we are having the wrong discussion.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

Supply Chain Shaman

OCTOBER 10, 2017

AGCO was honored to receive the AME 2017 Excellence Award. Last year AGCO’s Jackson, TN Operations saved around 750K using this methodology. . A 30% Initial Reduction in Processing Time. Automated real-time information sharing cut the processing time and reduced a multi-layer inspection process to one tool.

Supply Chain Design Software 153

Supply Chain Design Software Manufacturing Material Savings Supply Chain Software 153

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

6 River Systems

JUNE 10, 2019

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. “When developing your supply chain strategy…” You should be thinking about preventing unauthorized sellers and MAP pricing violators from day one. Brown @TheMichaelBrown Michael D.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

NC State SCRC

JULY 23, 2017

Yet the purchasing company continues to pay the bill for these non-productive hours. Integration of key suppliers early in the project and through the project combined with a disciplined focus on logistics excellence eliminates these inefficiencies. Here are some of the areas where procurement has the opportunity to make an impact.

Expense Reduction 66

Expense Reduction Inventory Reduction Resource Reduction Price Reduction 66

Supply Chain Shaman

APRIL 7, 2016

I believe that supply chains build economies and save the world. 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.

Supply Chain Design Software 150

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

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Supply Chain Opz

OCTOBER 10, 2014

An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. For example, if your Supply Chain work has reduced inventory turns or resulted in savings, you want to make sure your resume spells that out loud and clear. Materials Management? Thus, never throw a number away.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 271

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

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. Circular economic business models encourage continuous reuse of materials to minimize waste and the demand for additional natural resource consumption.”[2]. ”[2].

Waste Reduction 100

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

Logility

DECEMBER 28, 2020

Specifically, practitioners can use intuitive displays to drill into safety metrics, product quality, on-time delivery, cost efficiency, and much more. Over time, ineffective quality control processes will affect customer satisfaction, buying behaviors, and ultimately lead to lost market share. Quality Control.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Manufacturing Analytics Software 130