Remove Inventory Remove Metrics Remove Workshop
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Why It Matters

Supply Chain Shaman

As I write my new book, Metrics That Matter, I am studying the patterns of corporate performance based on choices in supply chain program execution. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns. So, what can we learn?

Illinois 253
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Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. A bad decision can result in missed orders, significant inventory, or scrapped materials. By doing this, they could potentially save the company millions of dollars in excess inventory.

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Changing Mental Models

Supply Chain Shaman

I also had the opportunity to speak at the GHX conference and facilitate a leadership workshop on the required changes for implantable devices. Here are some of the quotes from the workshop I led yesterday that helped me to better understand the industry: “A process born out of chaos is chaos. Generalize procurement of materials.

Modeling 240
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Supply Chain Planning Software Vendor Selection: What they Won’t Tell You

Logility

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone.

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Bridge the Gap Between Executive Alignment & Supply Chain Performance

Logility

For example, executives might underestimate the impact of accurate demand forecasting on reducing inventory costs, resulting in insufficient investment in necessary tools and technologies. Without these shared metrics, the vision for success might differ between the two, causing further misalignment.

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Clorox Successfully Implements a Program for Value Chain Segmentation

Supply Chain Shaman

Value Chain segmentation—designing a fit for purpose supply chain—was the focus of the strategy day workshop. In this period, Clorox was acquiring products with significantly higher margins and lower inventory turns. While retail companies improved inventory, they lost ground on growth and operating margin.

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Achieving the Best Outcomes with Change Management

QAD

Vision Workshop: Identify areas for optimization and recommend alternatives for realizing quicker gains. The customer engagement program evaluates metrics against a suite of performance measurements called “QAD Effective Enterprise Key Performance Indicators (KPIs).” A Partner for Your Change Management Journey.