Unleashed

FEBRUARY 12, 2023

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Here’s a look at our top seven.

Procurement Analytics 52

Procurement Analytics Metrics Expense Reduction Inventory Reduction 52

Unleashed

JUNE 26, 2024

An enterprise resource planning (ERP) inventory system provides an integrated solution for managing inventory, operations, and financial planning. This quick guide dives into the concept of ERP inventory management, outlines the benefits and risks, and provides some best practices for implementing an ERP inventory system.

Inventory Management Software 52

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

Supply Chain Game Changer

SEPTEMBER 21, 2021

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. What should our post pandemic inventory priorities be? Pre Pandemic Inventory Management Priorities.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

Unleashed

SEPTEMBER 22, 2019

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. How is DIFOT impacted?

Metrics 61

Metrics Supply Chain Design Software Inventory Management Software Forecasting Software 61

Unleashed

APRIL 16, 2023

Inventory tracking software can mean the difference between thousands of customer orders out the door and thousands of dollars down the drain. In this inventory tracking software guide, we break down what it’s for, which features to look for based on your industry and size, and how to safely manage a software upgrade.

Inventory Management Software 52

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

Unleashed

APRIL 3, 2023

If you’re currently managing your accounts through QuickBooks, it makes sense to look for an inventory management tool that complements your accounting system. While QuickBooks offers some inventory functionality, it might not have all the solutions you require.

Inventory Management Software 52

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

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. Supplier Development.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

My Office Apps

OCTOBER 21, 2024

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. Why is Vendor Relationship Management Important?

Vendor Strategies 78

Vendor Strategies Procurement Solutions Supply Chain Planning Software Optimization Software 78

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

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

ivalua

SEPTEMBER 14, 2022

But to address this, organizations must learn to collaborate more effectively and build a strong foundation with suppliers to ensure supply chain continuity.”. The study identified a new approach to supplier management being taken by organizations post-pandemic. About the research.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Taulia

JULY 5, 2021

As demand for the movement of goods across the globe and rapid delivery expectations become the norm, businesses seek ways to simplify their supply chain management. VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. What is Vendor Managed Inventory?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

SCMDOJO

OCTOBER 15, 2024

The Cash Conversion Cycle greatly impacts businesses that deal with inventories. Illustratively, the major role of the CCC is for businesses that revolve around inventories, such as retail stores, wholesalers, manufacturers, etc. Then, using that cost to pay the vendors and suppliers.

Inventory Management Software 98

Inventory Management Software Optimization Software Negotiating Skills Supply Chain Software 98

Unleashed

JUNE 23, 2021

It’s seen businesses adapting rapidly, with technology playing a key role in giving managers the flexibility and efficiency to thrive. Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. 10 inventory management for 2022: 1.

Inventory Management Software 80

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

Silvon Software

MARCH 3, 2023

A Few Important KPIs for Tracking S&OP Performance As a long-time provider of business intelligence applications for manufacturing and distribution businesses, Silvon has played a key role in helping our clients define and implement performance metrics that align their S&OP initiatives with their corporate goals. logistics firms).

S&OP 115

S&OP Procurement Analytics Supply and Demand Analytics Software 115

QAD

OCTOBER 22, 2024

Recently, on the Auto Supply Chain Prophets podcast , my co-host Jan Griffiths, a prior VP of Supply Chain at a major Tier 1, and I reflected on these dynamics as we discussed the critical importance of developing a collaborative yet rigorous approach to supplier management and performance.

Supply Chain Planning Software 52

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

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. Warehousing and Storage: The logistics department oversees the management of warehouses and storage facilities.

Optimal Sourcing 97

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 97

Supply Chain Game Changer

JANUARY 30, 2020

World Class Inventory Turnover Breakthrough Elements! “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, We needed to be dramatically better at managing Inventory to convince ourselves, and our customers, that we were a trusted and leading Supply Chain Services partner.

Inventory Reduction 61

Inventory Reduction Inventory Material Savings Supply and Demand 61

Elementum

AUGUST 17, 2022

In addition to an SCSM tool, you should also consider investing in other supply chain solutions such as lean inventory, supplier management, and security tools. Lean Inventory Tools Lean production refers to a production methodology that focuses on the minimization of waste.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. The formula is: Days inventory on hand + Days sales outstanding – Days payables outstanding= Cash to cash days.”

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Procurement Analytics Manufacturing Procurement 94

SCMDOJO

APRIL 29, 2024

Warehousing: Warehousing involves the storage and management of inventory. It also involves inventory management, order fulfillment, and monitoring stock levels. Transportation: Transportation plays a pivotal role in supply chain management.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 98

Jaggaer

OCTOBER 24, 2024

From basic cost optimization to leveraging technology, we’ve laid out our six best practices for building and maintaining collaborative supplier relationships. Procurement professionals have the expertise to align the organization’s vision to a supplier collaboration strategy to greater optimize those goals.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Strategies Inventory Reduction Resource Reduction 52

Precoro

OCTOBER 28, 2024

In the context of procurement and supply chain management, “supplier relationship management” and “supplier management” are often used interchangeably, but they do have distinct meanings. Building a deeper connection with suppliers.

Procurement Solutions 65

Procurement Solutions Supply Chain Planning Software Supply Chain Network Software Optimization Software 65

QAD

AUGUST 28, 2024

This planning process is a “boundary spanning activity” that, in order to be effective, requires active engagement and team work from cross-functional departments, ranging from sales, manufacturing and supplier management, to business management. DXM metrics drive accountability across an organization.

S&OP 52

S&OP Supply and Demand Meeting Optimal Sourcing 52

Jaggaer

OCTOBER 24, 2024

Information sharing through supplier collaboration supports effective inventory management and enables you to plan proactively while identifying risks such as shortages and delays. Selecting Capable Partners Supplier selection is an activity you want to get right the first time.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Supply Chain Planning Software 52

QAD

MARCH 30, 2021

QAD Manufacturing uplifted the user experience with Adaptive UX across engineering, production and inventory capabilities to boost efficiency and help manufacturers succeed in today’s digital world. For customers performing destructive testing, inventory can be more easily reduced as parts are destroyed to improve inventory accuracy.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 96

Taulia

OCTOBER 20, 2021

While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Commonly used metrics include the following: Inventory turnover – the number of times a company’s inventory cycles on an annual basis. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

Taulia

JUNE 26, 2023

By focusing on improving their supply chain processes, businesses can improve product quality, avoid inventory shortages or oversupply, increase customer satisfaction, protect against supply chain risks, and reduce costs. Then, move on to build your supply chain to suit those metrics.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52

Jaggaer

OCTOBER 24, 2024

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Supply Chain Planning Software Negotiating Skills 52

SCMDOJO

MAY 30, 2024

From the warehouse manager overseeing inventory to the transportation coordinator organizing routes, each member of the logistics department plays a crucial role in getting products from point A to point B. Warehousing and Storage: The logistics department oversees the management of warehouses and storage facilities.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 16, 2018

Check out World Class Inventory Turnover Breakthrough Elements! “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I met with the management team within my first week. days of Inventory in the company. Subscribe Here! Email Address. Infographic). The Approach.

Inventory Reduction 43

Inventory Reduction Inventory Material Savings Supply and Demand 43

SCMDOJO

OCTOBER 7, 2024

On the other hand, ERP, or enterprise resource planning, includes a wide array of business functions, like inventory tracking, accounting, finances, human resources, customer relationships, and more. Inventory Management: Tracking and managing inventory levels to ensure adequate stock while minimizing excess inventory costs.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Inventory Management Software Forecasting Software 52

Taulia

AUGUST 29, 2023

But by adopting supply chain management technology, businesses can gain access to tools that help them meet their supply chain objectives. Companies can also manage supplier relationships more efficiently by prioritizing the relationships that are most important to the business.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 52

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 280

Unleashed

JUNE 11, 2024

Common ERP software modules include: Finance Inventory management Supply chain management Project management Sales Human resources Manufacturing Shipping Reporting and analytics Not every ERP solution will contain all these functions. Learn more: ERP Alternatives: What Are Your Options? What is MRP software?

Manufacturing Procurement 52

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

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

SEPTEMBER 4, 2023

By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Purchasing Skills 59