Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

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. Keys to Success.

Agile and Lean Supply Chain 272

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 272

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.

Vendor Strategies 141

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 141

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

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. Key performance indicators (or KPIs) help to facilitate these requirements and drive higher inventory optimization outcomes as a result for manufacturers, distributors and other supply chain-centric businesses. The Basics of Inventory Management KPIs.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. One such tool is the Logistics KPI Dashboard Excel Template, which provides data on key metrics and helps identify areas for improvement.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 105

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. Procurement Cost. Inventory Turnover (Cash).

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

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

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

QAD

OCTOBER 5, 2021

As organizations seek to boost business responsiveness and flexibility to address disruption, this latest release progresses our customers’ ability to advance the business intelligence, innovation and business agility required by today’s manufacturers. In addition, more detailed KPIs are available for improved decision making.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 98

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

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? The answer is simple: through KPIs. Procurement KPI Categories.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

SCMDOJO

JANUARY 17, 2024

A myriad of professionals within the field ensures timely deliveries from suppliers and orchestrates manufacturing processes to meet your requirements, contributing to a rewarding career path in supply chain management. They are in charge of purchasing, procurement, and sourcing.

Purchasing Skills 98

Purchasing Skills Negotiating Skills Optimal Sourcing Manufacturing Procurement 98

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Effective, successful Key Performance Indicators (KPIs)/A balanced scorecard: Effective KPI management starts with some key areas to have both parties understand. A pull system is better than a push system. Read more. .

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

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. The KPIs here highlight procurement, production, logistics, and customer fulfillment.

S&OP 111

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

Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data. Establish a set of KPIs and set performance targets to measure your progress. . For one, it’s time consuming.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Supply Chain Strategy 98

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

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Game Changer

SEPTEMBER 8, 2021

Featuring Our 12 Best Procurement Articles! Procurement’s North Star article and permission to publish here provided by Sam Jenks. What exactly are you and your procurement team working towards? What is Procurement’s North Star Metric? So… What’s your Procurement’s North Star? Subscribe Here!

Procurement Analytics 86

Procurement Analytics Manufacturing Procurement Negotiating Skills Optimal Sourcing 86

Unleashed

JUNE 28, 2024

Today there are countless software solutions for automating the manufacturing process. The best enterprise resource planning (ERP) for manufacturing will vary, contingent upon the unique challenges you’re seeking to solve. What makes the best ERP for manufacturing? Let’s dive into the findings of our research.

Manufacturing Procurement 52

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

GlobalTranz

JULY 7, 2015

However, technology can be used to turn what seemed as losses into standby sources of revenue. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Material Savings 120

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Eight core competencies stand out, encompassing crucial aspects of SCM.

Supply Chain Planning Software 98

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

DynaSys

MARCH 17, 2020

When we left our account of mid-market manufacturer Superior Thermodynamics (ST), the company was weathering a tremendous escalation of the US-China trade war and faced the following questions: . How can ST maintain service levels and therefore retain accounts? How can ST maintain necessary cash flow? Scenario Planning: Absolutely Critical.

Supply Chain Planning Software 93

Supply Chain Planning Software Scenario Planning Modeling Demand Planning Software 93

SCMDOJO

JUNE 1, 2023

You may well have procurement or warehousing experience, but if that’s not what you are applying for, don’t go at a tangent to mention that – not only are you wasting CV space, but also the time of the reader – you will have plenty of time when progressing to the interview stage to mention these in terms of transferable skills.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 122

Synovos

MARCH 11, 2024

The Benefits of Outsourcing MRO Integrated Supply Chain for Food Manufacturers When RS Integrated Supply first started managing Maintenance, Repair and Operations (MRO) for one US food manufacturer, the client was a fledgling company. “I Food production is, however, different to other areas of manufacturing in crucial ways.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Unleashed

NOVEMBER 20, 2023

Supply chain optimisation helps manufacturing businesses drastically reduce operational costs to improve revenue and customer satisfaction. In our latest Supply Chain Roundtable, four experts share their advice and experience around optimising the manufacturing supply chain. It’s a constant headache for our purchasing manager.

Manufacturing Procurement 52

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

Silvon Software

APRIL 1, 2024

Systems like ERP are at the heart of this data deluge, tracking everything from sales and financials to manufacturing and supply chain operations. Strategic analytics, on the other hand, is often associated with reporting from an analytical data source like a data hub. Which invoices have been created without a purchase order?

Procurement Analytics 59

Procurement Analytics Analytics Software Predictive Analytics Analytics 59

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Logistics Bureau

DECEMBER 20, 2021

The inventory turns KPI is the metric that provides this information. The inventory to sales ratio is another helpful KPI to track turnover. For simplicity, let’s assume that the company manufactures just one item—and sells it for $23 per unit. 1: Inventory Turns. 4: Inventory to Sales Ratio. 7: Backorder Rate.

Inventory Reduction 98

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 98

Silvon Software

APRIL 11, 2024

Here we outline a blueprint for developing an effective data analytics strategy, beginning with the careful selection and assessment of Key Performance Indicators (KPIs), the adoption of a centralized data hub to streamline data management, and a thoughtful, gradual expansion of data capabilities tailored to the organization’s strategic needs.

Predictive Analytics 104

Predictive Analytics Analytics Software Analytics Sourcing Strategies 104

Silvon Software

FEBRUARY 23, 2023

Following are a few examples that illustrate the KRI / KPI relationship: A KPI may be used to measure IT system performance while a complementary KRI tracks vulnerability to cyberattacks. A KPI might measure staff engagement or satisfaction while monitoring the likelihood of losing key staff and risking labor shortages as KRIs.

Procurement Analytics 77

Procurement Analytics KPI Analytics Software Supply Chain Planning Software 77

Logistics Bureau

JANUARY 1, 2025

Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated. Accumulation Bin: In manufacturing and assembly, an accumulation bin , sometimes called an assembly bin , is a location or receptacle into which components for assembly are gathered together.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

Jaggaer

OCTOBER 24, 2024

For example, a manufacturer of embedded technology cares more about microchips than plastic coatings. You can also lower bottom-line costs and increase top-line value. They help address underperformance with targeted metrics, discover opportunities for cost savings, and refine strategic planning for future sourcing strategies.

Negotiate Pricing 52

Negotiate Pricing Optimal Sourcing Prescriptive Analytics Software Supply Chain Design Software 52