Supply Chain View from the Field

AUGUST 22, 2013

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.

Procurement Analytics 68

Procurement Analytics Negotiating Skills Procurement Purchasing Skills 68

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

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

Supply Chain Game Changer

OCTOBER 11, 2022

More importantly, are you measuring the right metrics? Measuring wrong metrics might paint a great process in a bad light, leading to wrong conclusions. Communication of this kind will prevent any procurement delays. Metrics such as rework rates or defective products help you understand how well your operations are working.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

Logistics Bureau

APRIL 4, 2022

Firstly, if you plan to benchmark as a one-off exercise now and again, you might engage a specialist team of consultants to execute a project for you. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. What Are Your Freight Benchmarking Options?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

Talking Logistics

MARCH 17, 2016

I purchased my first fitness tracker, set my goals, and the competition began. We exercised, we had fun, we supported each other. In supply chain planning, we are driven by metrics. And thus, Friends with Fitbits was born. We took the stairs instead of the elevator. We tracked our distance and talked about it on a daily basis.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Prescriptive Analytics Software 100

Talking Logistics

JUNE 2, 2016

This begets the need to set the overall strategy for the divestment by way of an exercise, called “capability scoping.” This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

6 River Systems

OCTOBER 19, 2020

With more consumers turning to e-commerce, it’s important for businesses of all sizes to bolster the supply chain to handle the e-commerce business model. According to research conducted by BigCommerce , the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping.

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

SCMDOJO

FEBRUARY 29, 2024

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

Vendor Strategies 60

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 60

HICX Solutions

AUGUST 11, 2021

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Talking Logistics

APRIL 27, 2016

Consider the ways rich data collection can help shape your supply chain towards lower cost and optimal performance. The most common goals of supply chain visibility include the following, but as your company completes this exercise, be sure to include quantifiable metrics: Reduce business and supply chain risk.

Optimal Sourcing 100

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 100

BlueYonder

OCTOBER 13, 2022

CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share. It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases.

Sourcing Strategies 98

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 98

DiManEx

JUNE 5, 2019

OEMs, for example, are typically required to keep spare and repair parts in their inventory, but having excess stock results in unnecessary costs. Other organizations are struggling to secure repair parts for assets with high lifecycle costs. Not to mention the environmental toll of scrapping.

Pricing Training 70

Pricing Training Vendor Strategies Material Savings Resource Reduction 70

Supply Chain Game Changer

MAY 5, 2020

Within each of these two flows there should be a small number of high impact business processes or metrics that you need to address, holistically, in order to make meaningful and significant improvements in your cash position. If you are looking to improve dozens of processes and metrics you will get stuck in the weeds.

Expense Reduction 85

Expense Reduction Material Savings Inventory Reduction Price Reduction 85

BlueYonder

MARCH 22, 2017

Retailers need to ensure that a customer’s purchase journey is completely understood and tracked. The buying process of each category will have varying aspects of product research and social influence; the marketing communication should be calibrated in sync with analysis of the customer purchase path. Start with the customer.

Supply Chain Planning Software 71

Supply Chain Planning Software Modeling Supply Chain Design Software Procurement Analytics 71

Pivot88

JULY 13, 2022

Understanding your supply chain after T1 can be a difficult task - it is a significant challenge to gain visibility upstream and trace a specific purchase order or product’s complete chain of custody. This is not a simple exercise. This is done at the purchase order level.

Procurement Analytics 52

Procurement Analytics Purchasing Training Retail Purchasing Skills 52

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

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

ThroughPut

AUGUST 24, 2021

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

ThroughPut

AUGUST 8, 2024

What are the key questions to ask potential software providers before making a purchase? so that you can start optimizing cost, time, and effort every step of the way. Reporting and analytics Finally, you need to be able to leverage all your data to identify trends and patterns that help you make better decisions.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

crisp

SEPTEMBER 6, 2023

The article demystifies the complexities of scope 3 emissions reporting, offering key tips to stay ahead of regulatory changes and satisfy stakeholder demands. Until recently, reporting scope 3 emissions – which include indirect sources that organizations contribute to – has been optional. In 2010, the U.S. What are scope 3 emissions?

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

NC State SCRC

FEBRUARY 13, 2021

The index will rely on existing data that illustrate factory conditions, producing a simple and objective indicator, allowing consumers to exercise informed ethical buying behavior in the apparel market. The EAI will provide a third-party metric to generate marketing media (e.g.,

Apparel 59

Apparel Optimal Sourcing Supply Chain Design Software Manufacturing Procurement 59

Unleashed

FEBRUARY 1, 2023

The demand planning process can be extremely complex as it requires the analysis of numerous factors, including historic and current datasets and internal analytics. We cover this in more detail later, but in brief, they should include sales rates, the total cost of goods, and forecast accuracy.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Taulia

MARCH 22, 2023

In practice, this could mean predicting which invoices suppliers will choose to accelerate under a range of different conditions. Or it could mean leveraging the power of AI to extend the cash forecasting process all the way down to the purchase order level. The use of AI can help overcome these issues.

Supply Chain Planning Software 52

Supply Chain Planning Software Predictive Analytics Software Vendor Strategies Forecasting Software 52

HICX Solutions

MARCH 31, 2022

In this webinar, we join Niko Nurmi , Executive Advisor at Procurement Leaders , as he discusses these challenges and how to overcome them – with Carmen Erhardt , Director of Corporate Purchasing and Head of Global Processes, Operations and Digitalization at Henkel ; and Anthony Payne , CMO at HICX. A supplier experience approach.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Cost Reduction Strategies Procurement Analytics 52

Logistics Bureau

OCTOBER 10, 2024

Fortunately, it’s common for product families to share similar velocity metrics. Using Throughput Velocity as a Basis for Slotting The pace at which products move out of the warehouse is the metric that logistics managers typically prioritise in a slotting project. And remember that you don’t have to slot everything.

Warehousing 61

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 61

Logistics Bureau

DECEMBER 18, 2017

These responsibilities extend across functions and when properly exercised, comprise supply, demand, distribution, production, purchasing and capacity planning. Inventory planning metrics and KPIs: You should be able to quantify the performance of systems, processes, and people involved in inventory planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

Logistics Bureau

SEPTEMBER 4, 2023

When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 85

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 85

BlueYonder

MARCH 22, 2017

Retailers need to ensure that a customer’s purchase journey is completely understood and tracked. The buying process of each category will have varying aspects of product research and social influence; the marketing communication should be calibrated in sync with analysis of the customer purchase path. Start with the customer.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Modeling Procurement Analytics 40

Unleashed

NOVEMBER 20, 2023

It’s a constant headache for our purchasing manager. Accurate data is essential for making the right decisions around purchasing and resource planning. The biggest cost-saving opportunities we really have are in controlling our own engineers. Consolidated purchasing can help bring costs down, he adds.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

Logistics Bureau

NOVEMBER 30, 2024

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. All inbound shipments should be checked against delivery documentation and purchase orders. No suppliers—no supply chain.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Supply Chain Software 40

Logistics Bureau

JULY 27, 2016

However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. 3) Supplier performance evaluation enables waste and cost drivers to be identified and addressed. Perhaps it may seem obvious that supplier performance evaluation is an ongoing process.

Vendor Strategies 40

Vendor Strategies Resource Reduction Waste Reduction Inventory Reduction 40

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Any company that thinks collaboration can work as a “throw it over the wall” exercise is likely to be disappointed. Metrics may be financial, such as profits, revenues, and costs.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Logistics Bureau

OCTOBER 31, 2016

It’s not unusual for example, for companies to measure their supply chain performance only on the basis of financial metrics like supply chain cost per order. All inbound shipments should be checked against delivery documentation and purchase orders. Inventory Management in the Warehouse. No suppliers—no supply chain.

Supply Chain Design Software 40

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Supply Chain Strategy 40

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Any company that thinks collaboration can work as a “throw it over the wall” exercise is likely to be disappointed. Metrics may be financial, such as profits, revenues, and costs.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Supply Chain Trend

NOVEMBER 27, 2016

Most large company cultures and resources are dominated by accountants with increasingly onerous requirements for reporting of rearward looking GAAP accounting measurements. Many others have tried to define S&OP to meet some software product they currently product ( OLAP, decision analytic, communication software etc.).

S&OP 60

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

SYSPRO Smarter ERP

JUNE 29, 2022

Equipment is purchased on the assumption that it will last years and can be depreciated over its useful life. If they can do this, then manufacturing processes can be integrated with the company ERP system and metrics like OEE (Overall Equipment Efficiency) can be used to monitor overall manufacturing productivity.

Manufacturing Procurement 111

Manufacturing Procurement Manufacturing Optimal Sourcing Supply Chain Network Software 111

Supply Chain Collaborator

JANUARY 30, 2019

A recent American Shipper report on the subject of domestic TMS adoption by shippers in the US reveals that just shy of two thirds of US companies with more than $100 million in annual freight spend are using TMS systems to manage transportation. Both these points are crucial to the cost arguments in your business case.

Procurement Analytics 60

Procurement Analytics Manufacturing Procurement Network Design Software Procurement Solutions 60