ToolsGroup

JUNE 2, 2023

In this blog post, we’ll explore the challenges of inventory management in today’s manufacturing landscape , discuss the importance of a “single source of truth” for global inventory, and introduce a powerful solution that can help manufacturers transform their operations and drive profitability. How do they achieve this?

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

Supply Chain Shaman

DECEMBER 15, 2022

The financial teams, and the Information Technology (IT) groups, did not see alignment gaps, but the supply chain teams felt them and viewed them as a critical performance issue. Functional Metrics. Advanced planning solutions (APS) do not cross over make, source, and deliver with a common data model in the planning horizons.

Manufacturing Procurement 393

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 393

Logistics Viewpoints

AUGUST 15, 2022

The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point.

Supply Chain Network Software 255

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 255

Logistics Viewpoints

APRIL 21, 2021

What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.

Sourcing Strategies 271

Sourcing Strategies How To Supply Chain Design Software Supply Chain Planning Software 271

Logistics Viewpoints

JULY 23, 2024

Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. Identify key touchpoints and decision points where data-driven insights can drive improvements and inform decision-making.

Optimal Sourcing 274

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 274

Logistics Viewpoints

JULY 7, 2022

These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. From product design, sourcing and operations planning, to manufacturing, logistics and warehousing, there are many opportunities for improved efficiency at each stage of the process.

Material Savings 275

Material Savings Waste Reduction Resource Reduction Supply Chain Design Software 275

Supply Chain Shaman

SEPTEMBER 9, 2014

Here we share the answers to the questions that we get the most often about this research: What is the source of data? The data analyzed to compile the Supply Chains to Admire report came from publicly-available information from balance sheets and income statements. We would love to hear from you either formally or informally.

Pharmaceutical 274

Pharmaceutical Gartner Supply Chain Design Software Supply Chain Design 274

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach.

Optimal Sourcing 220

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 220

Kinaxis

FEBRUARY 3, 2020

Planners don’t discover this information after hours or days of hands-on analysis. As soon as they have this information, these planners investigate alternative sourcing using scenario planning playbooks. Planners even use key business metrics to evaluate the financial impacts of changing production facilities.

Supply Chain Planning Software 273

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Scenario Planning 273

ivalua

JUNE 14, 2023

Their expertise informs implementation decision-making by ensuring that it is data-driven and reflects spend category-specific needs. Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Optimal Sourcing 239

Optimal Sourcing Sourcing Strategies Procurement Resource Reduction 239

Supply Chain Shaman

MARCH 5, 2019

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. The gap is usually that the information flows are one way not bidirectional. Visibility. My caution?

Supply Chain Design Software 294

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 294

Logistics Viewpoints

SEPTEMBER 13, 2022

Organizations that embark on Scope 3 emissions-reduction initiatives in their value chain encounter a number of hurdles; the challenge lies in having the right information at the right time and knowing what to do with it, as well as needing to rely on and work closely with external parties to gather Scope 3 data.

Cost Reduction Strategies 237

Cost Reduction Strategies Supply Chain Planning Software GEP Supply Chain Network Software 237

Logistics Viewpoints

FEBRUARY 15, 2023

I informed our readers that ARC Advisory Group/Logistics Viewpoints is conducting a survey to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. However, I am surprised at the degree that localized sourcing is being considered.

Supply Chain Planning 231

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 231

Supply Chain Shaman

JULY 22, 2019

I shake my head, and watch the twitter and LinkedIn streams, I see much opinion, but seldom find factual information.). The source data for the analysis comes from Ycharts.). We selected these metrics based on correlation work with Arizona State University in 2012. The companies I work with struggle to set metrics targets.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Logistics Viewpoints

NOVEMBER 20, 2024

Ethical sourcing is a fundamental aspect of social sustainability. Sustainability is rarely a uniform standardized solution; it requires informed trade-offs and a commitment to aligning corporate goals with broader societal needs. Measuring Progress and Building Trust Transparency is essential in sustainability efforts.

Waste Reduction 244

Waste Reduction Sustainability Supply Chain Design Software Resource Reduction 244

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). In 2018, Rockwell Automation won the Supply Chains to Admire Award.

Supply Chain Software 34

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

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. This includes internal and external data sources. and Europe.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

The Logistics & Supply Chain Management Society

MAY 28, 2022

While it’s undeniably important to source products responsibly and produce recyclable or reusable products, companies also need to focus on making the transportation and distribution of products more sustainable. Ensure Your Materials Are Ethically Sourced. About the Author About Blume.

Sustainability 264

Sustainability Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization 264

GlobalTranz

NOVEMBER 30, 2021

When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Outsourcing and Managed Transportation Solutions.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.

Optimal Sourcing 223

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 223

Logility

MARCH 21, 2024

Leveraging AI for Faster, Strategic Decision Making There is a lot of information out there around generative AI, and it’s difficult to separate fact from fiction. It can learn faster than humans and is trained to process and analyze huge amounts of information based on training data, algorithms, and statistical models.

Optimal Sourcing 225

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 225

Logistics Viewpoints

JUNE 28, 2024

The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. This certainly sounds like a lofty goal.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 221

The Logistics of Logistics

NOVEMBER 5, 2024

During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.

Optimal Sourcing 205

Optimal Sourcing Freight Analytics Software Forecasting 205

Kinaxis

JUNE 12, 2017

In the book, the author made several very interesting observations about how the role of a Chief Information Officer is changing in the age of cloud computing, personalization of tech, and the rise of shadow IT. Madhav Durbha I recently read this very interesting book, “Be the Business: CIOs in the new era of IT” by Martha Heller.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 233

Logility

APRIL 29, 2021

A software solution for managing compliance should be centralized to make sure that vendors comply with your standards, provide the information needed for good decision-making, and enforce accountability for all suppliers throughout the entire supply chain.

Optimal Sourcing 202

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 202

Logility

APRIL 13, 2021

It has overcome an early identity crisis and proved itself as a powerful enterprise planning tool , helping companies meld financial, sales, production, procurement and marketing information into a single plan, grounded in reality. Be prepared to work hard developing a single source of truth. What Does IBP offer? 3) No Clear Goals.

Supply Chain Planning Software 239

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 239

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 84

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 84

Logistics Viewpoints

FEBRUARY 14, 2022

This orientation is fundamental in determining what KPIs the company values, as many of them are far different from metrics managed by manufacturers relying on traditional views of success.”. In fact, their digital champions began by aggressively expanding their sources of wisdom beyond their historic and current resources.

Supply Chain Design Software 216

Supply Chain Design Software Supply Chain Software Report Logistics Network Optimization Software 216

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. Manufacturers, retailers, and logistics organizations can leverage generative AI-powered knowledge management systems to optimize operations and make informed decisions.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Logistics Viewpoints

OCTOBER 26, 2021

Supply chains must be connected and collaborative so all links can align to business strategy and oriented toward a common set of the most important metrics (and not functional metrics that drive siloed behavior). But to operate at the board level we need to be able to speak the CFO’s language. Spike up to protect against attack.

Supply Chain Design Software 257

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software Pharmaceutical 257

ivalua

JUNE 29, 2020

Across this supply chain there is typically a lack of visibility due to siloed information and data. Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Ultimately, BSW was able to improve a key metric (Supply Expense as a % of Net Patient Revenue) and generate millions in savings.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Logistics Viewpoints

FEBRUARY 2, 2023

3PLs can quickly assess client-level profitability via accurate cost-to-serve metrics and analytics on demand while creating a verifiable audit trail of events and charges that reduce potential credit settlements and contribute to customer satisfaction.

Supply Chain Planning Software 235

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 235

Logility

JULY 31, 2024

Traditional demand planning has long been owned by only the supply chain organization – gathering data from all corners of the business through lengthy spreadsheets and often leaving out critical information. They are managing complex spreadsheets populated by multiple sources and stored in too many locations.

Supply and Demand 190

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 190

Logility

DECEMBER 29, 2020

By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Specifically, practitioners can use intuitive displays to drill into safety metrics, product quality, on-time delivery, cost efficiency, and much more. Quality Control. Life Cycle Maintenance.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 130

Enterra Insights

JANUARY 6, 2021

”[2] The staff at Advanced Transportation Systems (ATS) adds, “Supply chain management deals with the procedures encompassing sourcing components a company requires to develop its products or service to deliver the end product to customers. If you want to develop a robust SCM strategy, you have to look at the entire ecosystem.

Supply Chain Design Software 190

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

GlobalTranz

JUNE 15, 2017

The data science is gaining popularity together with the tremendous growth of information, generated in the world. In order to make the improvement process a constant activity and in order to fix the achievements from development, your team must adopt the representative metrics, key performance indicators , and benchmarking items.

Buyer Training 210

Buyer Training Logistics Network Optimization Software Six Sigma Vendor Strategies 210