Unleashed

MARCH 9, 2021

In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. What is procurement? Undamaged shipment rate.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

QAD

JUNE 25, 2019

Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

QAD

MARCH 28, 2019

Meeting Customer Expectations. Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Measuring DIFOT tells whether your company is meeting customer expectations. Choosing Metrics.

Customer Service 99

Customer Service Metrics Forecasting Forecasting Software 99

Logistics Viewpoints

JANUARY 31, 2024

As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher. This will urge companies to verify their emissions upstream, internally, and downstream to meet regulatory needs and the increased demands for verifiable data for their downstream customers.

Report 284

Report Data Material Savings Manufacturing Procurement 284

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 268

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 268

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. The goal is to keep inventory levels at a minimum to meet customer needs. 10 Soft Metric Considerations in Measuring Supply Chain Performance. Inventory measurement is critical and it is money after all in that it took a capital expense to procure.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. Drives Value. S&OP is a business process.

S&OP 336

S&OP Supply and Demand Forecasting Supply Chain Design Software 336

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

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

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. It’s the maximum amount of time you can spend manufacturing a product while still meeting customer deadlines. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

ToolsGroup

JUNE 2, 2023

In this blog post, we’ll explore the challenges of inventory management in today’s manufacturing landscape , discuss the importance of a “single source of truth” for global inventory, and introduce a powerful solution that can help manufacturers transform their operations and drive profitability. How do they achieve this?

Real-time Visibility 294

Real-time Visibility Manufacturing Procurement Optimal Sourcing Inventory Reduction 294

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Supply Chain Shaman

APRIL 18, 2023

For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Abandon the processes focused on multiple layers of meetings to improve collaboration of organizations that are not aligned, but focused on transactional data. Build in-market sourcing. Tougher than most understand.

Supply Chain Planning Software 390

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

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory 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. Optimize organizational spending, time, and sourcing of goods or services. What Are Procurement KPIs, and Why Use Them? Procurement KPI Categories. Cost Avoidance.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Logistics Viewpoints

DECEMBER 15, 2022

These ABC segments can also be used for setting up service level targets or availability targets which then determine the safety stocks for ensuring there are enough stocks to meet the fluctuating demand for those groups of products that are critical to business. However, using metrics that can be easily tracked and updated is recommended.

Optimal Sourcing 214

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 214

IQMS

MAY 1, 2018

Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. Quality Metrics Defining the Future of Manufacturing.

Manufacturing Procurement 56

Manufacturing Procurement Metrics Quality Predictive Analytics Software 56

Logistics Viewpoints

APRIL 26, 2021

But the just-in-case maintenance inventory also turned out to be helpful for meeting surges in demand for finished products. Prior to Covid, for all core commodities and for their contract manufacturers there were meetings every other week. During Covid those meetings occurred daily/weekly.

Supply Chain Design Software 220

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Czech Republic 220

ToolsGroup

JUNE 17, 2024

This includes enhancing supply chain transparency using technologies like AI to track and verify sustainability metrics. Stakeholders increasingly demand visibility from sourcing to disposal, prompting companies to explore actionable steps such as optimizing logistics for reduced carbon footprint and adopting circular economy practices.

Gartner 156

Gartner Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 156

Exiger Perspectives

NOVEMBER 7, 2024

Exiger’s advanced risk management and data intelligence tools are strategically equipped to help businesses meet these stringent demands, ensuring compliance while improving operational efficiency and sustainability. This dynamic mapping ensures continuous visibility into product sourcing, sustainability credentials, and risks at every stage.

Predictive Analytics Software 52

Predictive Analytics Software Analytics Software Modeling Software Optimization Software 52

Talking Logistics

APRIL 29, 2015

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Sourcing Strategies 100

Sourcing Strategies Sourcing Transportation Cost Reduction Strategies 100

Supply Chain Shaman

SEPTEMBER 3, 2018

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Customer-Centric Supply Chain.

Supply Chain Planning Software 319

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 319

Logility

MARCH 21, 2024

Because of a personal relationship, the supply chain manager knows they can call their colleague from sourcing to lean on their vendors to get the shipments expedited. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

Optimal Sourcing 222

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 222

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Supply Chain Shaman

JULY 6, 2020

My Monday morning staff meetings could have been a Saturday night live skit. Frank, the line manager for manufacturing, dominated the meetings. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. The So What?

Agile and Lean Supply Chain 297

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 297

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Capacity Planning: By understanding demand patterns, procurement can work with suppliers to ensure they can meet future needs.

S&OP 52

S&OP Optimal Sourcing Supply and Demand Material Savings 52

Logility

DECEMBER 29, 2020

You may have called a few meetings, written a few emails, maybe even scribbled on a whiteboard and snapped a photo. Specifically, practitioners can use intuitive displays to drill into safety metrics, product quality, on-time delivery, cost efficiency, and much more. It’s a high bar. That’s not good enough. Life Cycle Maintenance.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Analytics Software Supply Chain Planning Software 130

DELMIA Quintiq

OCTOBER 7, 2020

Identify metrics, analytics and projects to drive business improvements. When science and the digitalization of manufacturing meet on the factory floor, it leads to what Scott Galloway of NYU Stern says: “Coronavirus is the great accelerator”. One place to start is in assembling a well-represented, well-formed steering committee.

Supply Chain Design Software 358

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 358

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. His response?

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Efficiently managing these processes is vital for companies to meet customer demands, minimize costs, and maintain a competitive edge. Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

SCMDOJO

FEBRUARY 29, 2024

Your supplier may charge you an agreed-upon price, but if the service is unmarked or the merchandise is of poor quality, you won’t be able to meet your savings goals. The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results.

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

Logility

AUGUST 15, 2023

Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices. Planners can then pinpoint revenue at risk due to a high resilience index, transcending the conventional scope of multi-sourcing strategies.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

QAD

OCTOBER 24, 2023

Benefits of Collaborative Supplier Relationships Increasingly, organizations are realizing the benefits of tightening relationships with suppliers to better manage the sourcing and procurement of goods and lower supply costs. So, we can not truly say that the sourcing process begins with supplier management.

Supplier Management 98

Supplier Management Procurement Solutions Optimal Sourcing Supply Chain Network Software 98

Silvon Software

APRIL 11, 2024

The Data Opportunity for Expanding Businesses Implementing a data analytics strategy in a growing business can yield numerous benefits, including: Enhancing Customer Insights and Personalization In the journey of expansion, understanding and meeting customer needs becomes increasingly complex.

Predictive Analytics 104

Predictive Analytics Analytics Software Analytics Sourcing Strategies 104

Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Increasingly, forecasts are being improved by leveraging outside data sources rather than merely relying on a company’s internal historical shipment data. Doing this, increases the benefits. forecasting product sales at 10,000 stores.

Forecasting 213

Forecasting Forecasting Software Modeling Optimal Sourcing 213

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost. His response?

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195