Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. 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

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

SCMDOJO

FEBRUARY 29, 2024

Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in global sourcing and that of the global economy in particular (Gordon Sherry R, 2008). The questions that are most often asked are: What metrics should I use?

Vendor Strategies 84

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 84

Logistics Viewpoints

FEBRUARY 2, 2023

3PLs can quickly assess client-level profitability via accurate cost-to-serve metrics and analytics on demand while creating a verifiable audit trail of events and charges that reduce potential credit settlements and contribute to customer satisfaction.

Supply Chain Planning Software 230

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 230

Logistics Viewpoints

AUGUST 7, 2023

Pete Bennett, and his co-presenter, Mary Byrne, the vice president of supply and demand planning, spoke during a presentation at Kinaxis’ user conference Kinexions. The Cardinal Health Supply Chain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products.

Supply Chain Planning Software 190

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 190

Taulia

NOVEMBER 8, 2024

Tackling decarbonization challenges While these initiatives and frameworks are critical to accelerating decarbonization, reducing emissions, and limiting global warming, the fragmented, evolving landscape and the lack of a mature and universal emissions accounting standard or approach present significant challenges for companies.

Supply Chain Planning Software 95

Supply Chain Planning Software Optimization Software Supply Chain Software Optimal Sourcing 95

Logility

JULY 31, 2024

In this blog, we will present first hand visuals on how sales, marketing, and finance can realistically use AI-powered collaboration, what challenges each department might face, and how they can overcome them. They are managing complex spreadsheets populated by multiple sources and stored in too many locations.

Supply and Demand 187

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 187

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. There must be a clearly defined data source with a standardized process for collecting and measuring that data. The Basics of Procurement KPIs.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

Logistics Bureau

OCTOBER 11, 2024

New generation of CPOs will present themselves as key drivers and enablers of long-term corporate strategy. Here I want to share eight key procurement challenges that we and consultants are facing in today’s global sourcing world. The good old theory of “total cost of ownership” should always prevail.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

SCMDOJO

MAY 15, 2024

Supply chain design and optimization projects present significant challenges, ranging from complex network structures, and multiple databases to diverse business objectives. Data Analysis [10-15%] Once the data is available, begin analyzing it and create a checklist detailing what data is already present and what is required further.

Optimal Sourcing 98

Optimal Sourcing Network Design Software Supply Chain Design Software Modeling 98

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Logility

JULY 31, 2024

In this blog, we will present first hand visuals on how sales, marketing, and finance can realistically use AI-powered collaboration, what challenges each department might face, and how they can overcome them. They are managing complex spreadsheets populated by multiple sources and stored in too many locations.

Supply and Demand 169

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 169

Supply Chain Opz

JUNE 1, 2014

Related Metrics There are 3 other metrics dedicated to the measurement of social media influence as below, 1) Klout develops Klout Score, the number between 1-100 that represent influence (the ability to drive action). 3) "Average Retweets" or "the average number of retweets each user get per tweet" is used as a ranking metric.

Supply Chain 277

Supply Chain Metrics Michigan SCM 277

SCMDOJO

OCTOBER 7, 2024

The holistic approach requires that accentuates the role of Cost Efficiency vs Cost Effectiveness in every aspect of the supply chain, from planning, sourcing, and operations, to logistics and distribution. Cost and profitability are the vital component of any successful business.

Sourcing Strategies 52

Sourcing Strategies Negotiating Skills Cost Reduction Strategies Optimal Sourcing 52

Supply Chain Shaman

SEPTEMBER 24, 2017

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. While the practices of finance are over 200 years old, in contrast, supply chain as a cross-functional practice (the combination of make, source and deliver) was recently defined in 1982. Is talent a cost or an asset?

Cost Reduction Strategies 203

Cost Reduction Strategies Inventory Reduction Resource Reduction Manufacturing Procurement 203

Supply Chain Shaman

JULY 22, 2019

The source data for the analysis comes from Ycharts.). We selected these metrics based on correlation work with Arizona State University in 2012. The winners drove long-term value (measured by market capitalization) while outperforming on the portfolio of metrics shown in Figure 1 and driving improvement faster than their peer groups.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Logility

NOVEMBER 20, 2020

We need systems to filter out the extraneous bits, and, just as importantly, we need systems to present the most relevant information in ways we can easily assimilate. Putting them in line with raw numbers to show the direction of trends can make scanning a set of metrics and choosing a course of action much simpler.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Design Analytics Software Supply Chain Software 139

SCMDOJO

OCTOBER 30, 2024

For instance, a student interested in sustainable supply chain practices might choose courses focused on green logistics, ethical sourcing, and environmental impact assessment. MTSS platforms cultivate problem-solving abilities by presenting learners with problem-based learning (PBL) scenarios that simulate real-world supply chain issues.

Supply Chain Planning Software 92

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 92

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. There must be a clearly defined data source with a standardized process for collecting and measuring that data. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs. Sales KPIs.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Supply Chain Shaman

JULY 25, 2016

The source data for the analysis is public reporting of balance sheets and income statements. If you see one of my presentations, I am sure that you remember the gnarly patterns of the orbit charts.) Check out their performance by plotting year-over-year metrics at the intersection of two ratios and look at the patterns.

Pharmaceutical 210

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 210

Logistics Viewpoints

JULY 27, 2021

Capturing it, cleaning it, screening it and analyzing it to determine better routes, better prices, and better sources is foundational to smart logistics operations. Our mission and core values are the foundation of our culture and guiding source in our interactions. In a word, it’s data. Keep Your Eyes on the Road.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. Metric: The number of orders containing defective products divided by the total number of orders placed. The importance of supplier KPIs.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Logistics Viewpoints

JANUARY 23, 2024

The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. The most interesting thing that Blue Yonder is doing from an OMS standpoint is driving promising and pre-sourcing to retailers.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 241

Supply Chain Shaman

FEBRUARY 13, 2020

My friends would tell me to relax and get my Groove on b ut, I find myself deep into a presentation for a client’s design thinking session next week. To make this journey requires the building of outside-in processes from the market and orchestrating the signal seamlessly across make, source and deliver. Wrong Metrics.

Optimal Sourcing 235

Optimal Sourcing Modeling Forecasting Supply and Demand 235

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. 40 Manufacturing KPIs That Drive Results.

Optimal Sourcing 119

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 119

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. The team was organized around the functional silos of source, make and deliver. As I cleared my throat, and pushed my toes deep into my shoes, I bounded up the stairs to start the presentation.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

crisp

OCTOBER 21, 2024

That could be why AI – known for its efficiency and productivity possibilities – presents such a compelling opportunity for the retail and consumer goods industry, with an estimated potential impact of $400 billion to $660 billion annually ; driven by AI-supported strategic growth and cost savings through automation of key functions.

Procurement Analytics 40

Procurement Analytics Analytics Software Predictive Analytics Analytics 40

ivalua

JUNE 29, 2020

Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Baylor, Scott & White (BSW) presents a great example of achieving digital transformation powered by supply chain. Make no mistake, there is a path to supply chain excellence and it is one well worth investing in.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Kinaxis

FEBRUARY 12, 2016

In a hackathon, people form up into groups and within a one-week time frame, identify a market need, develop an approach to addressing that need – in many cases prototype solutions – then present those ideas to a leadership team. Each of these metrics help you identify where you could potentially be at risk.

Supply Chain Risk Management 100

Supply Chain Risk Management Metrics Risk Management Supply Chain 100

BlueYonder

APRIL 13, 2023

This has led to the nearshoring redesign of supply network and manufacturers trying to figure out, “Where do I need to put my inventory” and “How do I think about sourcing of material and goods so that I can fulfill to my customers?” Terence: So, it’s about improving these metrics and business performance simultaneously.

Manufacturing Procurement 76

Manufacturing Procurement Inventory Reduction Cost Reduction Strategies Optimal Sourcing 76

ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Step 3: Metric Selection During the next step, we focus on validating key metrics. can provide tangible indicators of success.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52

Resilinc

APRIL 13, 2021

Institutionalizing is when the support of your stakeholders and C-level leaders deepens because they see the SCRM program is achieving its metrics. The key to Institutionalizing your SCRM program is achieving ongoing successes as measured by the metrics agreed to in the Plan—and ensuring that leaders and stakeholders validate these successes.

Supply Chain Design Software 62

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Strategy 62

ToolsGroup

JANUARY 9, 2018

With a single version of the truth, planners can model scenarios for S&OP meetings, so stakeholders from sourcing, manufacturing, logistics, sales, and finance can assess the options and trade-offs. This detailed plan can then be presented to executive management for review.

Modeling 179

Modeling Scenario Planning Optimization Modeling S&OP 179

SupplyPike

MAY 19, 2020

Category Consistency: Application of OVT does away with almost 20% discrepancy between a category advisor’s custom hierarchy metrics and Walmart’s parameters of performance. Walmart has selected Nielsen for its source of POS data. This consistency is a time-saver and builds mutual trust.

Data 98

Data Procurement Analytics Analytics Software Forecasting Software 98

BlueYonder

NOVEMBER 19, 2021

One arrow showed the flow of customer demand from the source to the supplier, while the other showed the flow of goods from the supplier to the customer. In model where metrics cascade and are split, the only real reference point becomes the store rather than the customer. There were two arrows facing opposite directions. Why is that?

Supply Chain Planning Software 94

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Design Software 94