Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 290

Logility

APRIL 2, 2020

Lastly, develop Key Performance Indicators (KPIs) around those measures. A good KPI will be measurable against some benchmark or criteria. It’s relatively easy to identify a large number of KPIs to monitor – but it can be a lot harder to capture the data you’ll need. 2 Identify and get access to the right data sources.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

AIMMS

MARCH 2, 2021

S&OE] deals with all the issues stemming from actual demand and supply (source: Gartner ).”. How many data sources are typically connected to S&OP and S&OE apps? S&OE needs more operational data and therefore these types of applications are more often connected to source systems like ERP, WMS, OMS, and others.

Modeling 207

Modeling Optimal Sourcing AIMMS S&OP 207

Logistics Viewpoints

DECEMBER 5, 2022

The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. The planners could choose to switch cargo from a slow-moving ship to air, for example. The data from Infor Nexus also helps the transportation teams do better carrier sourcing.

Agile and Lean Supply Chain 278

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 278

ToolsGroup

DECEMBER 11, 2023

In my supply chain work at Evo , for example, it’s still impossible to forecast daily sales per SKU. If standard KPIs skip monthly reporting to go straight to quarterly patterns, you lose valuable insights that would make forecasts more accurate. Daily seasonality (Source: [link] ) Yearly seasonality (Source: [link] ) 4.

Purchasing Skills 156

Purchasing Skills Data Optimal Sourcing Modeling 156

Silvon Software

APRIL 16, 2025

These KPIs are based on Silvons long-time experience working with manufacturers and distributors to enhance their sales and operational performance analysis and reporting capabilities. Weve even included some examples of these KPIs using pre-built views for inventory reporting from our Stratum business intelligence solution.

Optimal Sourcing 40

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 40

SCMDOJO

MARCH 24, 2025

The formulae for the PPV is: PPV= (Standard Price – Actual Price) *actual quantity Lets understand this with some examples: Example # 1: A FMCG company plans to purchase 20,000 units of packaging material at an estimated cost of $6 per unit, setting a total budget of $120,000. Check out the Procurement KPI Dashboard now!

Purchasing Skills 69

Purchasing Skills Negotiating Skills Negotiate Pricing Procurement Analytics 69

ivalua

OCTOBER 22, 2020

digitization Procurement processes from sourcing to accounts payable is a key strategy. More advanced Procurement organizations are regularly measuring this as a KPI and good Procure-to-Pay systems are a must. Digitizing the P2P Cycle is good for productivity. Procure-to-Pay Software mitigates financial risk.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147

ToolsGroup

JULY 6, 2023

The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

ivalua

JULY 26, 2022

For example, a recent study by Forrester Consulting commissioned by Ivalua found that while a majority of organizations said all of the ESG areas listed in the study were a very high priority, only 23-33% had any formal policies or targets in place.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Cost Reduction Strategies 130

DELMIA Quintiq

MAY 17, 2023

For example, a route that is optimized such that a truck needs less travelled distance to deliver the same number of packages, or a production system that saves energy by more efficient batching of products in furnaces. Improving sustainability of a process starts by quantifying and measuring indicators, for example the amount of CO2 emitted.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Scenario Planning Sustainability 156

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. About 20% of orders are direct-to-store (for example, dog food products).

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. Total Supply Chain Cost. Cash to Cash Cycle Time (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. CARRIERS SCORECARDS: PERFORMANCE INDICATORS Recognising the need and the importance of such measures, the shippers’ council launched the KPI in 2021.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

SYSPRO Smarter ERP

NOVEMBER 3, 2021

A good way to decide which KPIs to use is to look at how the supply chain is broken down into different processes. The SCOR (Supply Chain Operations Reference) methodology has six high-level business activities that define the supply chain – plan, source, make, deliver, return, and enable.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

crisp

DECEMBER 15, 2021

Establish a set of KPIs and set performance targets to measure your progress. . Let’s take the example of a supply chain team at a major retailer. A good KPI to track for this goal might be a low out of stock (OOS) rate. Let’s go back to our retailer example. Source : Where is the data stored, and who owns it?

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Supply Chain Strategy 98

Logistics Bureau

FEBRUARY 28, 2019

If you want meaningful supply chain KPIs, you need to live with the numbers they reveal. I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. You can come up with a list of service metrics and call them KPIs, but that doesn’t automatically make them meaningful supply chain KPIs.

Supply Chain Strategy 75

Supply Chain Strategy KPI Supply Chain Planning Supply Chain Software 75

Techgistics

APRIL 30, 2023

Large amounts of data from various sources, including the agents, sensors, and other systems can be analyzed, to identify patterns, predict future trends, and make informed decisions. For example, ML can be used to make autonomous slotting decisions - no more manual processes or dependency on spreadsheets to slot inventory.

Optimization Software 130

Optimization Software Predictive Analytics Software Optimal Sourcing Warehousing 130

DELMIA Quintiq

AUGUST 23, 2016

Here’s an example: fresh meat expires in 2 days but when you cook it, the shelf life is extended to 4 days. Orders from customers often come in at short notice, for example with only 2 days in advance. So remember: never underestimate the importance of your customer order fulfillment KPI. Shifting customer demands.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Manufacturing 120

ShipBob

JANUARY 28, 2022

To shorten your lead times, be sure to take the time to source the right suppliers and manufacturers — find a local supplier, work directly with your source manufacturer, or consolidate vendors to reduce time spent coordinating POs. . One way to improve this KPI is to increase your product markup. Cost per unit.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

BlueYonder

APRIL 9, 2024

This includes demand planning, volume assessments at a granular level, knowing where best to source from to meet omni-channel demand, where to then position inventory based on known demand and where customers are located, and, of course, how best to then fulfill orders and to optimize the last mile.

Optimal Sourcing 115

Optimal Sourcing Sustainability Material Savings Waste Reduction 115

Material Handling & Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Logility

AUGUST 5, 2021

For example: Verify your strategy. How do you think about KPI validity? This can be divisive, so KPIs for IBP should be stress-tested periodically. At the outset, your team might designate some KPIs as proxies or provisional based on institutional knowledge until their validity can be proved.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

GlobalTranz

MARCH 23, 2016

To start you must have the KPI's visual along the value stream. In order to be daily, the KPIs need to get down to ownership by the workers within the value stream. For example, if your strategy is to improve Quality, the people in the value stream would own a control chart of heat applied to the product.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

synchrono

JUNE 19, 2017

Modern Demand-Driven Manufacturers are leveraging real-time Cloud-based visualization and collaboration systems to view data from multiple, disparate sources while keeping the data in its original, host environment. Data on Demand: Examples of value across supply chain layers.

Real-time Visibility 85

Real-time Visibility Supply Chain Software Manufacturing Procurement Agile and Lean Supply Chain 85

DynaSys

MARCH 17, 2020

ST was able to run and consider dozens of potential outputs for each critical KPI such as lead time, and many more modular scenarios focusing on specific geos, routes, and key accounts, within hours. Critical to ST’s ability to weather this global market tempest is their system’s facility with scenario planning.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Demand Planning Software 93

Logistics Bureau

OCTOBER 12, 2020

If you want meaningful supply chain KPIs, you need to live with the numbers they reveal. I’ve seen more than one management team create or exploit process loopholes to arrive at better KPI results. You can come up with a list of service metrics and call them KPIs, but that doesn’t automatically make them meaningful supply chain KPIs.

Supply Chain Strategy 52

Supply Chain Strategy KPI Material Savings Supply Chain Planning 52

RFgen

MARCH 10, 2025

A practical example of inventory balancing in action would be a national retailer noticing high demand for winter coats in their Northeast stores, while Southwest stores experience a surplus. Inventory Turnover: This KPI measures how efficiently a company utilizes its inventory.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Modeling Supply Chain Optimization 52

SCMDOJO

JULY 3, 2023

It goes beyond the concepts found in textbooks by providing real-world examples and useful advice. Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Procurement and Purchasing Cycle Lesson 7.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

SCMDOJO

OCTOBER 7, 2024

The holistic approach requires that accentuates the role of Cost Efficiency vs Cost Effectiveness in every aspect of the supply chain, from planning, sourcing, and operations, to logistics and distribution. Cost and profitability are the vital component of any successful business. to the Cost incurred.

Sourcing Strategies 92

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 92

Arkieva

MARCH 29, 2016

Sourcing in Asia, the leveling of production and rounding to full trucks are measures that lower the cost but they increase inventory. When making decisions, e.g. low cost sourcing from Asia, we need to look at operational costs, but also at the inventory costs. We also show their typical KPI’s. Figure 5 gives a typical example.

Cost Reduction Strategies 60

Cost Reduction Strategies Purchasing Skills Inventory Reduction Supply Chain Planning 60

SCMDOJO

APRIL 4, 2023

Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. What are some examples of Supply Chain Analytics? Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 111

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

GlobalTranz

APRIL 25, 2016

Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. These are core principles which will guide the rest of the more detailed and statistical KPIs found in the Service Level Agreement. Read more. . Read More. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Unleashed

JUNE 8, 2020

With a working KPI process in place, the second step towards data mastery becomes achievable: empowering the right people in the business with relevant insights at the right time. Working with KPIs is a solid first step towards relevancy, the next is to ensure that workers know which indicators to watch. The right people.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72