Logistics Viewpoints

JULY 23, 2024

At the same time, feeding your AI models too much data can also be a problem. Like Goldilocks’ quest for the perfect bowl of porridge, to leverage AI in your supply chain you need to identify which data is ‘just right’ for your business. Data is the lifeblood of AI in the supply chain.

Optimal Sourcing 274

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

ivalua

NOVEMBER 29, 2022

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Isn’t time important? Shouldn’t time, both international and domestic, be measured? What kinds of "time" measurements exist?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Shaman

MARCH 21, 2024

At the time, many business leaders did not know how to type and had no idea how to use a computer. Taxonomy of Outside-in Planning Based on the Art of the Possible To accomplish this goal, we need to discard the current crawl, walk, and run models and just jump. During the 1980s, I was on a management team for a large manufacturer.

Inventory Reduction 403

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 403

Supply Chain Shaman

JUNE 5, 2013

I was not sure what the discussion was going to be, but I was hoping to be wide-awake by the time that I got to the corner of 18 th Street to meet my client. I was not sure what the discussion was going to be, but I was hoping to be wide-awake by the time that I got to the corner of 18 th Street to meet my client. client meeting.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 223

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

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Logistics Viewpoints

DECEMBER 17, 2024

However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.

Supply Chain Planning Software 161

Supply Chain Planning Software Procurement Solutions Supply Chain Software Cost Reduction Strategies 161

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

OCTOBER 13, 2022

I brace myself for a late flight for a 2:00 AM arrival as the clock ticks-an echo of time lost. The larger the organizational alignment issues, the longer the decision-making time. The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. The reason?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Logistics Viewpoints

MARCH 4, 2021

Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

SCMDOJO

SEPTEMBER 8, 2023

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.

Procurement Analytics 95

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 95

ToolsGroup

OCTOBER 4, 2016

More on this later, but to start, by driverless (whether referring to vehicles or supply chain planning) I don’t mean completely no touch at all times. Here’s just one data point. It sounded a bit futuristic until two early adopter presenters stepped to the podium and described just how far they had already come.

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

Logility

AUGUST 25, 2020

Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. While Key Performance Indicators (KPIs) may be reviewed quarterly or monthly, the speed with which supply chain operations occur makes a daily view of more tactical and operational metrics a growing necessity.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

NOVEMBER 9, 2014

I find that many times companies have the wrong name, or a misnomer, for what they are trying to achieve. It was my first time working with this group. As I sat in the back of the room, shifting in my chair, waiting for my time to speak, I watched speaker after speaker endorse the concept of one team. I am passionate about it.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

NOVEMBER 15, 2021

Time For Action. Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Today, we are nearing the end of the fourth quarter of corporate reporting. Let me repeat this, “$200 Billion in profits.” profit for Q3 on $16.6B ” [link].

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

Supply Chain Shaman

AUGUST 12, 2024

This morning, the New York Times pushed me an article by Peter S. The only products that can be efficiently outsourced with long lead times are in the “forecastable” column. Goodman titled “ The Supply Chain, Reconfigured.” The populist narrative of sourcing globalization is only part of the story. Not so today.

Waste Reduction 195

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

Supply Chain Shaman

JANUARY 2, 2023

A forecast is a time-phased view, or projection, of future demand. They vary in time-frequency, planning horizon, granularity, and unit of measure. An easy way to think about time horizons is to align the thinking with supplying lead times. Definition. Merriam-Webster. In this blog, I try to answer both questions.

Supply and Demand 373

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 373

ivalua

NOVEMBER 26, 2019

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

Optimal Sourcing 100

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 100

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

GlobalTranz

SEPTEMBER 23, 2021

The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? Let’s consider these top factors affecting the trucking market, their implications on supply chains and how they are driving change within the industry. . Capacity Constraints Continue to Arise.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer. The US GDP in 2021 grew at an unexpected rate of 5.7% Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Talking Logistics

JANUARY 5, 2014

Usually, the focus is on improving our personal lives, such as losing weight, quitting smoking, or spending more time with our family and friends. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet.

Logistics Network Optimization Software 213

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Cost Reduction Strategies 213

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. Cash-to-Cash Metrics. In times of uncertainty, cash is king. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Let me explain.

Optimal Sourcing 236

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 236

Logility

APRIL 29, 2021

True corporate responsibility involves more than just your products and internal operations; it’s incumbent upon you to ensure compliance across the supply chain. This means having a resilient supply chain strategy that includes visibility, transparency, clear communication, and collaboration.

Optimal Sourcing 202

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

The Network Effect

OCTOBER 3, 2014

Focused on outcomes, a competitive supply chain capability not only assures the on-time delivery of component material, but also the execution of inbound supply to ensure the shipment of quality finished goods at a competitive price while delivering on-target margins for the manufacturers.

Supply Chain Network Software 195

Supply Chain Network Software Automotive Modeling Software Supply and Demand 195

GlobalTranz

OCTOBER 6, 2021

Just a few years ago, many faced repeated price increases of more than 10-15 percent over . Focusing on the transportation metrics that have the greatest impact on the supply chain can help managers stay attentive to both short-term and long-term goals and needs. . This is especially true as peak season continues to grow volatile.

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

GlobalTranz

DECEMBER 29, 2014

Logistics encompasses certain subsets of practices within the supply chain, such as just in time logistics, mission critical logistics, and more. The reason is that really, reverse logistics is something a lot of shippers and logistics providers have done for a long time. Top 15 Logistics Blog Posts of 2014. Read the Full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks.

Supply Chain Design Software 266

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 266

Supply Chain Opz

OCTOBER 10, 2014

An accomplishment-based resume provides metrics and quantifiable info about a candidate’s accomplishments. If you’re a Procurement professional, what was your spend? If with in 30 seconds the Hiring Manager can see what they are looking for, then they will spend more time reading it.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 271

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) (I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) At the time, I was fascinated how the most mature teams bucked the system. Sales and Operations Maturity Model from 2005-2008.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

DECEMBER 29, 2016

New Year’s Eve is a time for parties. They were largely driven by my ignorance (at the time) and situational learning. As a result, each time someone uses the word, you should ask for a definition. This research, released in 2005, gives a compelling view of a metrics hierarchy. However, not for long. The reason?

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

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). As a B2B company, procurement management is essential. Meet Ernest.

Supply Chain Software 34

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