Jaggaer

NOVEMBER 14, 2024

Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 52

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

Logility

AUGUST 5, 2021

This means routinely bringing together the C-suite, finance, supply chain, manufacturing, sales and marketing teams so everyone is seeing, working from and agreeing to an aligned plan that achieves optimal business outcomes. For example: Verify your strategy. What are your long-term goals? Should you use the same KPIs as everyone else?

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Silvon Software

JUNE 11, 2020

The more challenging part of dashboarding, however, gets down to the actual metrics that should be included as part of a performance management strategy. As a place to start, I thought I’d provide a shortlist of both simple and more complex metrics that our manufacturing and distribution clients are using in their dashboards today.

Metrics 90

Metrics Manufacturing Forecasting Inventory Reduction 90

BlueYonder

MAY 10, 2024

Here are the trends our Blue Yonder Industry Strategy team sees for the upcoming quarter: Supply Chain and Technology Supply chains will remain volatile with escalating disruptions as a result of extreme weather effects and unrest across the globe. Speak to one of our Industry Strategy leaders today! Once bitten twice shy.

Vendor Strategies 99

Vendor Strategies Material Savings Resource Reduction Price Reduction 99

synchrono

FEBRUARY 13, 2017

When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals and objectives covers this topic well. Don’t miss the boat.).

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. Too few are questioning the products that should have never been manufactured. Supply-centric or Manufacturing Thinking. Let me explain. So, my reply to Peter S.

Waste Reduction 195

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

Logistics Viewpoints

OCTOBER 28, 2024

“To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” net promoter score or similar metric) as a supply chain KPI.

Supply Chain Execution 224

Supply Chain Execution Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy 224

Unleashed

OCTOBER 23, 2023

Efficiency in manufacturing comes from having the right preparation and the most cost-effective processes in your arsenal. Production planning is where you map out how your business will operate – the resources, strategies, equipment, and labour required to hit your production goals.

Waste Reduction 98

Waste Reduction Resource Reduction Inventory Reduction Material Savings 98

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

GlobalTranz

MAY 12, 2016

Take a look at how a business can use technology, metrics, and services to improve transportation processes, which range from supplier shipping to route optimization. Download the KPIs E-Book by Filling out the Form Below!

Metrics 120

Metrics Logistics Network Optimization Software Supply Chain Optimization Supply Chain Strategy 120

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

Supply Chain Shaman

JANUARY 7, 2015

Tomorrow, I have a call with a manufacturing company to answer the question, “ What is the most important concept in the book?” While Joe is trying to balance the feedback from Filipe and Frank, he is often asked to change his metric targets by his CFO named Lou. Achieving Balance in Metrics. I have three.

Metrics 150

Metrics Agile and Lean Supply Chain Manufacturing Procurement Modeling 150

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. Every KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 119

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

QAD

APRIL 13, 2023

While Contract Pharma & BioPharma manufacturers continue to experience an increase in demand for more projects, new challenges are emerging from nearly every angle including new regulatory and quality requirements, workforce shortages and of course, supply chain disruptions. is likely to reach 2.1

Pharmaceutical 98

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 98

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

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Supply chain excellence was largely defined as manufacturing excellence.

Procurement Analytics 341

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. Metrics help to prioritize activities and improve processes.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Unleashed

MAY 7, 2024

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. Implementing sustainable practices in your manufacturing operations not only protects valuable resources but can lead to financial savings and increased brand reputation. What is sustainable manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Material Savings Resource Reduction 52

Enterra Insights

JUNE 6, 2023

Supply Chain Planning and Digital Twins Chap Achen , Vice President of Product Strategy & Operations at Nextuple, explains, “A digital twin allows a business decision-maker to test and validate a complete set of strategies and objectives across teams and make smart decisions that improve the customer experience and maximize profitability.”[1]

Resource Reduction 130

Resource Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Strategy 130

SYSPRO Smarter ERP

MARCH 28, 2024

It is a modern business strategy that lets company staff make decisions based on facts instead of biases. If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Lead times for receiving raw materials.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Data Optimization Software 52

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. The post The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience appeared first on Logistics Viewpoints.

Optimal Sourcing 218

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Material Savings 218

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. For manufacturers, it’s about understanding how long the process takes from receiving inventory to manufacturing a product and achieving a sale.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Arena Solutions

APRIL 4, 2023

The global manufacturing sector has seen an upswing, a technological renaissance of sorts. Since the start of 2012, more people graduating from college and universities are entering the engineering/manufacturing fields. The manufacturing sector has been severely impacted by this trend because production jobs are highly technical.

Manufacturing Procurement 98

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 98

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. Top 5 Inventory Optimization Strategies Explained Managing inventory efficiently is vital for any business.

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

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

SYSPRO Smarter ERP

AUGUST 28, 2024

Selecting the right ERP software for manufacturers is critical Choosing the right ERP software for manufacturers to meet specific requirements is no easy task. The options can be overwhelming and the decision is crucial, as an ERP system is the core of a manufacturer’s IT infrastructure.

Manufacturing Procurement 52

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

SYSPRO Smarter ERP

APRIL 17, 2023

The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. In this blog post, we will explore how manufacturers can leverage this technology to achieve data-driven success. This enables managers to take swift action and keep production on track.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Analytics Software Predictive Analytics Software 98

Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Each requires its own portfolio of metrics. Even where the same metrics are used, there are differences.

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 64

Silvon Software

APRIL 18, 2024

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. These tools enable organizations to quickly turn insights into actions with strong stakeholder buy-in while accelerating the execution of strategies across the business and the attainment of an organizations’ objectives.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Unleashed

FEBRUARY 17, 2019

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners. Whichever metrics a business uses, note it must be in synergy with the overall business strategy.

Sourcing Strategies 70

Sourcing Strategies Waste Reduction Resource Reduction Cost Reduction Strategies 70

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.” Functional Metrics. ” Or “push a shift from a focus on cost to drive value?” ” Sound familiar? Organizational Alignment 2012.

Manufacturing Procurement 394

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

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. can be measured to define this metric. can be measured to define this metric.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

OptiProERP

APRIL 25, 2023

As a manufacturer, tracking logistics key performance indicators (KPIs) can help you identify areas of improvement and optimize your supply chain. However, with so many metrics to track, it can be overwhelming to know where to start. This metric can help you identify areas for improvement in your order fulfillment process.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Expense Reduction Manufacturing 52

Unleashed

OCTOBER 31, 2023

It’s an essential process for achieving maximum success in manufacturing. Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. The primary goal of workforce optimisation strategies is to reduce operational costs.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

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. Proven Strategies For Improving Cleanroom Manufacturing.

Price Reduction 44

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 44