Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.

Optimal Sourcing 218

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 218

Unleashed

DECEMBER 28, 2021

In these fast-moving days of technological advancement and economic change, a lot of manufacturers are talking about going ‘lean’. One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. Techniques for 2022.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

ivalua

NOVEMBER 29, 2022

For example, consider the challenges in the automotive industry that stem from the supply chain issue in chip manufacturing. Tracking the Metrics that Matter. While Ardent expects Procurement to rise to and tackle these challenges, tracking the metrics that matter will help them stay focused for full recovery. Inflation Metrics.

Procurement Analytics 130

Procurement Analytics Metrics Manufacturing Procurement Optimal Sourcing 130

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

QAD

JULY 1, 2021

What are Total Manufacturing Costs? Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. This looks at all stages of the manufacturing process from raw materials to work-in-progress to final result.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

Unleashed

JANUARY 25, 2023

In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability. This is achieved through the implementation and continued improvement of cash flow management strategies. To improve cash flow, process optimisation is necessary.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

Unleashed

MAY 9, 2024

Measuring and improving manufacturing efficiency is a great way to trim down production costs. Put simply: the more efficiently you manufacture goods, the more profitable your business becomes. With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

ThroughPut

JUNE 5, 2024

Now, imagine if Sara’s applied the same supply chain strategy to both of these types of customers and channels. Improved accuracy in stock levels reduces costs associated with overstocking or understocking and enhances customer satisfaction by consistently meeting demand. What Are the Benefits of Customer Segmentation in Supply Chain?

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

ThroughPut

JUNE 5, 2024

Now, imagine if Sara’s applied the same supply chain strategy to both of these types of customers and channels. This strategy involves dividing your network into segments where demands and supply responses are harmonized to achieve the greatest net profitability. If your answer to one or both of the above is a no, this blog is for you.

Inventory Reduction 52

Inventory Reduction Material Savings Sourcing Strategies Resource Reduction 52

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics. Perfect Order Rate.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Supply Chain Planning Software 52

Resilinc

NOVEMBER 29, 2022

Bindiya explains how legacy procurement strategies, in which OEMs prioritize cost reductions from their largest suppliers by spend, have resulted in crushing losses of revenue and profits. The post Resilient supply chains require a shift in procurement strategy appeared first on Resilinc.

Price Reduction 62

Price Reduction Cost Reduction Strategies Supply Chain Strategy Manufacturing Procurement 62

Unleashed

MAY 30, 2024

Determining a product’s optimal price is one of the most important actions for maintaining a successful business. Effective product pricing should ensure you incorporate all the costs to produce goods and still make a profit. Why is optimal product pricing important?

Price Reduction 52

Price Reduction Negotiating Skills Purchasing Skills Negotiate Pricing 52

Unleashed

SEPTEMBER 28, 2023

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. It can reduce your profit margins, tie up your cash flow, and increase your warehouse storage and employee costs. This guide explains all you need to know about dead stock. Let’s dive in.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

APRIL 18, 2023

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values cost reduction but is blind on how to value time.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 390

Synovos

OCTOBER 30, 2023

In one case, a long-time packaging manufacturer changed its reporting structure, putting in place a new manager responsible for the MRO supply chain. It means, for example, that the initial focus on piece-price savings changes as the price ceiling is gradually lowered.

Material Savings 105

Material Savings Manufacturing Procurement Packaging Vendor Strategies 105

Silvon Software

NOVEMBER 14, 2024

For Greater Product Performance Visibility and Improved Sales & Demand Planning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success. This process is known as data normalization and harmonization.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Optimal Sourcing 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

SYSPRO Smarter ERP

MARCH 14, 2022

Food and beverage manufacturing and distribution companies usually operate on smaller margins than most organizations in other industries. It’s therefore important for these companies to understand all the costs associated with developing, producing, marketing, selling, and delivering products so they can be priced appropriately.?

Manufacturing Procurement 105

Manufacturing Procurement Cost Reduction Strategies Beverage Material Savings 105

IQMS

JULY 16, 2019

Bottom Line: Cleanrooms provide the potential for plastics manufacturers to increase the average machine rate per hour, average markups and profit per production run by charging a price premium based on their certifications, compliance and industry expertise. Cleanrooms Provide A Path Out Of Price Wars & Commodity Pricing.

Price Reduction 44

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 44

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Despite spending 1.1%

Supply Chain Planning Software 362

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 362

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world. But first you have to get in the green.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. Why Is Purchase Price Variance Important?

Purchasing Skills 83

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 83

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies. Order Policy.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting. Don’t worry.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

Precoro

OCTOBER 10, 2022

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. In addition to the benefits mentioned above, here are some more reasons why you need procurement KPIs : Reduce supply risks and prevent maverick spending. Cost Reduction.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Unleashed

MARCH 13, 2023

And the risk of failure is high without the right preparation, market research, and strategy behind it. Here, you’ll find everything you need to know about creating a product strategy framework for developing, optimising, and launching successful products. What is a product strategy framework?

Resource Reduction 52

Resource Reduction Price Reduction Inventory Reduction Cost Reduction Strategies 52

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity management strategies ease the crunch.

Capacity 216

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 216

Silvon Software

MAY 21, 2024

Performance tracking using metrics and KPIs can often be perplexing for many organizations. Operational metrics, on the other hand, measure the progress of various actions implemented to achieve those goals over a shorter timeframe. This can help identify areas of overspending and where the business outperformed expectations.

Manufacturing 59

Manufacturing Inventory Reduction KPI Expense Reduction 59

Supply Chain Shaman

DECEMBER 15, 2022

When reviewing strategy decks for supply chain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” In my research, I find that the lack of alignment has a direct impact to value (operating margin and market price to book value). Functional Metrics.

Manufacturing Procurement 394

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 394

The Logistics of Logistics

SEPTEMBER 15, 2023

About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. Focused on logistics, manufacturing, and distribution channel strategies, Jonathon helps organizations make confident decisions for bold growth. The Greenscreens.ai

Price Reduction 225

Price Reduction Company Supply Chain Strategy Logistics Network Optimization Software 225

SCMDOJO

AUGUST 16, 2023

Introduction The global business landscape has witnessed an increasingly fierce competition, pushing companies to seek effective strategies to maintain and enhance their competitiveness. Among these strategies, the role of supply chain capability stands out as a key factor in driving success.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 98

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability.

Supply Chain Planning Software 98

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

ShipBob

DECEMBER 28, 2022

Before you leap into the sourcing process, it’s important to have a strategy in place. Strategic sourcing is a unique purchasing method that aligns your sourcing strategy with your business goals. Going into the sourcing process with a strategy and pre-set goals in place will make it easier to find exactly what you’re looking for.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

SYSPRO Smarter ERP

OCTOBER 30, 2023

Why quality management is important Quality management consists of the inspection and measurement of products to ensure that they meet specifications at various points along the manufacturing chain. Focus areas of quality management There are three areas of the manufacturing lifecycle where quality management should focus.

Quality 105

Quality Manufacturing Supply Chain Design Software Supply Chain Planning Software 105