GlobalTranz

OCTOBER 29, 2015

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We started the series first by " 9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL."

Case Study 120

Case Study KPI Logistics Network Optimization Software Supply Chain Design Software 120

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

AIMMS

FEBRUARY 16, 2021

Namely, manufacturing, food, and healthcare. The top 3 bottlenecks companies experience tend to be poor internal alignment between departments, raw material and product availability, and inventory levels and management. How much do our respondents know about S&OE and how satisfied are they?

Modeling 311

Modeling Scenario Planning Supply Chain Planning Software S&OP 311

DELMIA Quintiq

OCTOBER 25, 2015

To meet consumers’ increasing appetite for choice, Fast Moving Consumer Goods (FMCG) manufacturers develop a huge amount of Stock Keeping Units (SKUs). This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand. What should change? The packaging market is very dynamic.

Packaging 120

Packaging Manufacturing Resource Reduction Inventory Reduction 120

ToolsGroup

NOVEMBER 2, 2020

The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.” Ultimately, they were able to increase their statistical forecast accuracy by 3.2% (KPI: WMAPE) within six months of the French pilot project’s beginning.

Forecasting 287

Forecasting Forecasting Software Optimal Sourcing S&OP 287

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. Dynamic Cross-dock allocation takes into account sales rates and current inventory at the stores.

Supply Chain Planning Software 242

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 242

Logistics Viewpoints

JUNE 22, 2023

Adding this key performance indicator (KPI) to your supply chain allows businesses to measure themselves while being able to evaluate the performance of all the participants in the commerce ecosystem. Suppliers, inventory visibility, and other variables beyond direct control can influence OTIF. How can an OMS help improve OTIF?

Supply Chain Software 202

Supply Chain Software Real-time Visibility Modeling Software Optimization Software 202

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Improving those KPIs would help them emerge stronger and more confident with supply chains that are more resilient to future disruptions.

Manufacturing Procurement 105

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

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management?

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Silvon Software

APRIL 19, 2022

To generate true, actionable insights, it is crucial to deploy KPI metrics together with a single source of truth to produce actionable insights that can drive performance results. I also suggest to our clients that they keep the following basic principles in mind relative to their KPI strategies. Supplier KPIs.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Silvon Software

JULY 22, 2022

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Why is KPI tracking so important in supply chain management? Top-Line KPIs and Metrics for Supply Chain Management.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

DELMIA Quintiq

AUGUST 23, 2016

Meat manufacturers usually suffer from the lack of cross-functional visibility as well as cross-company visibility. What is distracting meat manufacturers from building efficient plans? It’s also a very important topic for meat manufacturers, and it’s also a difficult one as shelf life changes throughout the production process.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Manufacturing 120

Logistics Bureau

DECEMBER 20, 2021

As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. After reading, you will be better informed about the most appropriate KPIs for IM and know the more commonly used ones. 10 Invaluable KPIs to Track Inventory Management Performance.

Inventory Reduction 84

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 84

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Better decision-making – as you can make decisions with data, rather than gut feelings.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

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. If heat is known to vary causing defects when special causes arise then you should see an effect on the overall quality (the next level KPI).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Silvon Software

SEPTEMBER 26, 2023

In this 3-minute post, we examine some key business objectives and cascading KPIs that can be used to analyze performance to the objectives. While many of the KPI examples focus on performance management for manufacturing and distribution businesses, they also apply to numerous other industries with similar operational structures.

Procurement Analytics 105

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 105

SCMDOJO

JUNE 6, 2023

This Distribution Operations Assessment tool can be used by Original Equipment Manufacturers (OEMs), Principal Corporates, and distributors themselves to gain insight into materials management and logistics knowledge, identify gaps in skills and knowledge, and foster critical thinking and self-awareness. . #

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 98

RFgen

MARCH 27, 2024

For any business that handles materials or fixed assets, inventory control is central to operational efficiency and customer satisfaction. To manage inventory efficiently requires technology. However, efficiency and optimization only come from advanced inventory control software. It’s a delicate balancing act.

Inventory Reduction 80

Inventory Reduction Inventory Management Software Resource Reduction Supply Chain Planning Software 80

The Smart Software

SEPTEMBER 5, 2023

Forecasting inventory requirements is a specialized variant of forecasting that focuses on the high end of the range of possible future demand. The post How to forecast inventory requirements appeared first on Smart Software. Traditional methods often rely on bell-shaped demand curves, but this isn't always accurate.

Forecasting 105

Forecasting Forecasting Software Inventory How To 105

Silvon Software

JUNE 1, 2023

Remember that you can update your KPI selection at any time, so remain open to replacing ineffective metrics. The most important aspect to remember is that KPIs should align with your business strategy. Also, establish regular reporting cycles and automated data capture to ensure timely and accurate KPI monitoring.

S&OP 111

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 111

Logistics Viewpoints

DECEMBER 5, 2022

The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. Molex has more than 80 manufacturing facilities around the world supported by an 18,000 strong supplier eco-system that provide raw materials, electronic components, and services. The Molex Supply Chain.

Agile and Lean Supply Chain 213

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 213

Logility

SEPTEMBER 5, 2013

I was talking with a practitioner last week who was the internal champion that brought Logility Voyager Solutions into a leading flooring manufacturer. He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. This business was set in its ways.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Logility

SEPTEMBER 5, 2013

I was talking with a practitioner last week who was the internal champion that brought Logility Voyager Solutions into a leading flooring manufacturer. He started by building a KPI set that combined basic data from their transaction systems with demand and supply chain planning data from Logility. This business was set in its ways.

Supply Chain Performance 100

Supply Chain Performance Supply Chain Planning Software KPI Supply Chain Software 100

Silvon Software

MAY 21, 2024

For example, inventory turnover rate and cash-to-cash cycle time are operational metrics that directly impact an organization’s strategic financial results. In this article, we highlight 20 of the best financial and operational KPIs that can be used by most manufacturing businesses.

Manufacturing 59

Manufacturing Inventory Reduction KPI Expense Reduction 59

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. Inventory Turnover (Cash). Procurement Cost.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

ToolsGroup

OCTOBER 7, 2020

Worldwide, the Melitta Group manufactures and markets a full range of coffee preparation products, and a wide variety of consumer products including foils and wraps, air cleaners and humidifiers, vacuum bags and cleaning products. Integrate strategic planning and tactical operations (budget, sales plan and demand forecast).

ToolsGroup 31

ToolsGroup Modeling Supply and Demand Supply Chain Planning Software 31

ToolsGroup

OCTOBER 7, 2020

Worldwide, the Melitta Group manufactures and markets a full range of coffee preparation products, and a wide variety of consumer products including foils and wraps, air cleaners and humidifiers, vacuum bags and cleaning products. Integrate strategic planning and tactical operations (budget, sales plan and demand forecast).

ToolsGroup 156

ToolsGroup Modeling Supply and Demand Supply Chain Planning Software 156

DELMIA Quintiq

OCTOBER 30, 2014

How do manufacturers manage a complex multi-product plant? It is exciting to know that technology innovation has enabled businesses to increase output, as well as improve delivery performance and reduce inventory. Are there ways for companies operating at maximum capacity to speed up on delivery?

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 149

Logistics Bureau

OCTOBER 9, 2017

What is a KPI? What is a KPI? Can you explain what a KPI is? Take the notion of a KPI or key performance indicator, for example. You’ll hear a lot in different organisations about KPIs, but that doesn’t mean they are always used effectively. As the name indicates, KPIs concern “key” areas of the business.

KPI 40

KPI Supply Chain Planning Supply Chain Metrics 40

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Opz

JUNE 1, 2014

Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry. Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. Many industries try to imitate Dell''s success.

Case Study 239

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

Logistics Bureau

OCTOBER 20, 2021

The components of the perfect order KPI are as follows: On-time delivery: A calculation of the percentage of sales orders that arrive on time. In full delivery: This KPI tracks the percentage of sales orders that are delivered completely, meaning that the customer receives the correct items, in the right quantities.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 87

Supply Chain Shaman

FEBRUARY 12, 2017

Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Orbit Chart for Novo Nordisk at the Intersection of Operating Margin and Inventory Turns for the period of 2006-2015.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

DELMIA Quintiq

NOVEMBER 13, 2018

Even more critical is the amount of tax (such as import duty, VAT and excise) that manufacturers will suddenly have to pay, depending on the type of goods. Some manufacturers have started to prepare by trying to build stock, which increases their costs. Impact on automotive manufacturers. This will lead to a surge in costs.

Automotive 136

Automotive Supply Chain Planning Software Scenario Planning Agile and Lean Supply Chain 136

RFgen

AUGUST 10, 2023

Inventory management is no exception. Today’s digital supply chain makes manual inventory control obsolete. When first implementing digital inventory technology, many organizations consider a warehouse management system (WMS). Ensure proper ordering, inventory planning, and process scalability.

Real-time Visibility 86

Real-time Visibility Inventory Management Software Supply Chain Planning Software Inventory Reduction 86

Logistics Bureau

DECEMBER 22, 2024

KPIs in Supply Chain The Basics As in any business activity, supply chain operations need to focus doggedly on improvement to compete in the marketplace, but how do you know if your supply chain performance is satisfactory or getting better or, god forbid, worsening? Thats where KPIs come in. Whats a KPI Anyway?

KPI 59

KPI Agile and Lean Supply Chain Supply Chain Strategy Supply Chain 59

Unleashed

JUNE 8, 2020

may sound exciting for manufacturers – with its IoT-enabled factories, all-singing all-dancing ERP software, and AI-powered insights – but frankly this is fantasy land for the vast majority of manufacturers. Here are three realistic steps manufacturers can take for data mastery in 2020. KPIs are real-time and comparative.

Manufacturing Procurement 72

Manufacturing Procurement Manufacturing Data Inventory Management Software 72