Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. How to measure: Calculate the ratio of your annual cost savings to your internal yearly costs of procurement. What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Kinaxis

DECEMBER 3, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Over the next several weeks, I’ll outline these issues and discuss some ideas around how to avoid these practices. Why do companies focus on reducing a specific metric? by John Westerveld.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Supply Chain Shaman

JANUARY 7, 2015

Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. The book outlines how to drive a guiding coalition.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Logility

AUGUST 7, 2017

Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?” However, companies often have too many independent metrics that can cause conflicts amongst competing supply chain functions.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

IQMS

MAY 1, 2018

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. What Success Looks Like In A Customer-Driven Manufacturer.

Manufacturing Procurement 56

Manufacturing Procurement Metrics Quality Predictive Analytics Software 56

Logility

MAY 18, 2020

That could be a B2B marketing firm using predictive lead scoring to generate better leads, or a manufacturing company?using Retailers use purchasing behaviors to understand which customers are likely to come back into the store or make an online purchase, while manufacturers can use modeling to understand when machines will need repairs.

Predictive Analytics 227

Predictive Analytics Analytics Software Predictive Analytics Software Procurement Analytics 227

OptiProERP

NOVEMBER 21, 2022

2022 has proven to be both positive and disruptive for the manufacturing industry. Despite the pandemic, recession fears, supply challenges, a tight labor market, and economic instability, manufacturing companies continue to survive and evolve in the “new normal.”. helped transform many manufacturing businesses. Industry 4.0

Trends 52

Trends Manufacturing Predictive Analytics Software Supply Chain Software 52

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Logility

AUGUST 15, 2023

Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning Supply chain planning is like a grand mountaineering expedition. This broad spectrum must be captured fully, including metrics on energy consumption, water usage, and overall environmental impact,” explains Vethuizen.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

GlobalTranz

MARCH 23, 2016

How to Breakthrough Lean Culture Plateaus. Leader standard work in order to create accountability within the team structure; Problem-solving thinking; how to align your organization so that the right problems are solved at the right level. Practices and learns how to apply Lean tools. Ask yourself, "Has the Lean team plateaued?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. Implementing sustainable practices in your manufacturing operations not only protects valuable resources but can lead to financial savings and increased brand reputation. What is sustainable manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Supply Chain Shaman

AUGUST 12, 2024

Too few are questioning the products that should have never been manufactured. The sad thing is that most companies will never know because they are blindly measuring the wrong metric and driving a supply-centric agenda. Supply-centric or Manufacturing Thinking. Consider the image in Figure 2 of a pet food manufacturer.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

SYSPRO Smarter ERP

MARCH 28, 2024

If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Different departments have their own data needs and very specific metrics. There needs to be an understanding of how granular the metrics should be.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Data Optimization Software 52

GlobalTranz

JULY 7, 2021

These firms facilitate the movement of parts and materials from suppliers to manufacturers and finished products from manufacturers to distributors and retailers. The post 3PL vs 4PL: How to Know Which One is Right for You appeared first on GlobalTranz Enterprises, LLC. 5PLs and the Rise of Transportation-as-a-Service.

3PL 210

3PL Third Party Logistics Logistics Network Optimization Software How To 210

OptiProERP

APRIL 25, 2023

As a manufacturer, tracking logistics key performance indicators (KPIs) can help you identify areas of improvement and optimize your supply chain. However, with so many metrics to track, it can be overwhelming to know where to start. This metric can help you identify areas for improvement in your order fulfillment process.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Expense Reduction Manufacturing 52

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. We do not know how to walk the talk. When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk appeared first on Supply Chain Shaman. The post Collaboration?

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Supply Chain Shaman

DECEMBER 15, 2022

Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. Functional Metrics.

Manufacturing Procurement 394

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 394

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? How do we get buy-in around the organization? Each requires its own portfolio of metrics.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

BlueYonder

FEBRUARY 23, 2023

The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. And how should they be solving for them? Sunil: It’s important to start with metrics.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 81

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. The issue is that traditional functional metrics drive underperformance—the greater the variability, the larger the gap. Over time, this changed.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

Unleashed

JUNE 11, 2024

ERP systems are typically used in the manufacturing, distribution, retail, and healthcare sectors – though they may be found in other industries as well. One solution may focus on features useful to manufacturing firms , while another could be tailored to the needs of hospitals and healthcare centres. What is MRP software?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Procurement Solutions Supply Chain Planning Software 52

synchrono

FEBRUARY 13, 2017

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. Getting SMART.

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

QAD

NOVEMBER 8, 2022

Supply chain challenges faced by manufacturers of delayed deliveries and stockouts take on additional urgency in the medical device arena, where patient well-being depends heavily on timely and accurate delivery. It works both ways between manufacturers and their suppliers. Expanding Supplier Relationships.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Optimization Sourcing Strategies Supply Chain Planning Software 98

ShipBob

JUNE 18, 2023

Let’s jump into what beginning inventory is and how to easily calculate it. Beginning inventory explained The importance of knowing your beginning inventory How to value inventory Where and when to use beginning inventory? Beginning inventory looks different for manufacturers and for retailers. What would you like to learn?

Inventory 98

Inventory Purchasing Skills Manufacturing Procurement How To 98

ShipBob

FEBRUARY 3, 2023

But how do you know if all that hard work is paying off? By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. Why are retail metrics important? What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Unleashed

MAY 30, 2024

Here we cover how to price a product to maximise sales and profit, provide tips on calculating optimal selling price, plus look at a few handy product pricing strategies. How to price a product effectively in 5 easy steps Product pricing effectively involves a strategic approach that can be distilled into five key steps.

Price Reduction 52

Price Reduction Negotiating Skills Purchasing Skills Negotiate Pricing 52

Supply Chain Shaman

MARCH 21, 2024

During the 1980s, I was on a management team for a large manufacturer. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Lack of aligned metrics.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

USC Consulting Group

JUNE 7, 2021

If you find yourself attached to your legacy software and hardware in your manufacturing operation, you’re not alone. It might be time to update your legacy systems; but how do you know if it’s really the right time to invest? How to update a legacy system. When it comes to manufacturing performance, communication is key.

Supply Chain Planning Software 96

Supply Chain Planning Software Modeling Software Inventory Management Software Supply Chain Network Software 96

Unleashed

MAY 31, 2024

The sell-through rate metric can help you predict demand for your product by telling you how much of your purchased inventory is being sold within any given period. It can help you understand how quickly goods are moving from your shelves into customers’ hands. Why is sell-through rate an important metric to track?

Inventory Reduction 52

Inventory Reduction Price Reduction Procurement Analytics Waste Reduction 52

OptiProERP

APRIL 9, 2024

Manufacturing and Assembly The heart of the process lies in manufacturing and assembly. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Its robust business and manufacturing functionality connects the entire organization from end to end.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time. Currently, I am working on a study to understand the value of synchronizing contract manufacturing with in-house manufacturing and procurement.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 390

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes. However, it’s essential to consider potential drawbacks.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Waste Reduction 98

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

GlobalTranz

JUNE 30, 2017

Manufacturers have always struggled to know their customers. Unfortunately, this means manufacturers face an even greater challenge, as more customers translate into greater use of customer service. But, how do manufacturers turn their focus to the customer experience? Determine What Customers Want Today.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

Supply Chain Shaman

NOVEMBER 21, 2023

I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. His goal was to separate manufacturing and distribution inventories to improve his bonus incentives. The metrics were not aligned. You have to do so.

Supply Chain Planning Software 342

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 342

Unleashed

OCTOBER 31, 2023

It’s an essential process for achieving maximum success in manufacturing. This leads us to the real question: How does one optimise an entire workforce? Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52