RFgen

JULY 31, 2024

An efficient inventory system ensures that products are delivered on time, in perfect condition, and at competitive prices. An efficient inventory system ensures that products are delivered within the promised timeframe, maintaining customer confidence and loyalty. Delivering products on time is crucial for customer satisfaction.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 72

GlobalTranz

JUNE 14, 2017

The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. If vendors fall behind on this metric, you may need to re-evaluate your partnerships or expand your list of approved vendors.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

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.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

ivalua

SEPTEMBER 10, 2019

Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress. This metric closely aligns with digital transformation progress. This metric also impacts others like speed, visibility, and cost savings. . #2

Metrics 140

Metrics Negotiate Pricing Supply Chain Software Benchmarking 140

Precoro

NOVEMBER 11, 2024

On top of that, we’ll break down how to approach selecting the right centralized purchasing system for your business needs. Signs your company needs a centralized purchasing system Key benefits of centralized procurement How to efficiently implement centralized procurement Frequently Asked Questions What is centralized purchasing?

Pricing Training 84

Pricing Training Expense Reduction Price Reduction Cost Reduction Strategies 84

Kinaxis

DECEMBER 3, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. Why do companies focus on reducing a specific metric? Sound ridiculous?

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Precoro

MAY 19, 2023

According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Silvon Software

JUNE 23, 2020

As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Nevertheless, measuring supply chain performance is critical for a manufacturing concern.

Manufacturing Procurement 111

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 111

SupplyPike

APRIL 7, 2020

We’ve discussed the basics of OTIF and the fundamentals of OTIF before, but we thought we’d drill down deeper into the individual metrics. First, we’ll start by reviewing the basic goals of OTIF, and then we’ll dive into each metric and the compliance issues of each metric. OTIF Compliance Issues: In Full. Not In-Full.

Metrics 79

Metrics DC Supply Chain Design Software Shipping 79

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

GlobalTranz

JULY 20, 2015

With the purpose of optimizing supply chain efficiency and asset recovery rates, applying a reverse logistics system has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. 6 Benefits of an Effective Reverse Logistics System. Increased velocity.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

QAD

JUNE 25, 2019

Stockouts affect customer satisfaction and revenue, and the frequent need to expedite orders adds to costs and highlights problems lurking in the system. 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

GlobalTranz

JULY 22, 2019

Key performance indicators (KPIs) refer to the targeted goals that rely on metrics to provide a snapshot of the health of your operation. They connect data and metrics with an evaluation of whether your operation performs as expected and what strengths or weaknesses may exist.

Transportation Management 166

Transportation Management Transportation System Metrics 166

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. A pull system is better than a push system. 10 Soft Metric Considerations in Measuring Supply Chain Performance. RFID, AIDC, and IOT Systems : The advantages of using RFID-, AIDC-, and IoT- based technologies seem fairly simple.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

QAD

JULY 1, 2021

How Can an ERP System Help Organizations Manage their Total Manufacturing Costs? That’s where it’s valuable to enlist the capability of an ERP system that can help you manage your total manufacturing costs. Improving communication between departments and comparing metrics across them.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

Unleashed

MARCH 9, 2021

That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play. Procurement metrics and KPIs allow organisations to measure results and guide best practice performance. In this post, we’ll unpack ten top procurement metrics and why they matter. Undamaged shipment rate. On-time delivery: all suppliers.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

QAD

MARCH 28, 2019

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

Customer Service 99

Customer Service Metrics Forecasting Forecasting Software 99

Supply Chain Shaman

APRIL 27, 2022

The supply chain is a complex non-linear system. 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.) My learning?

Procurement Analytics 341

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

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Kinaxis

DECEMBER 12, 2017

If we think about traditional supply chain planning systems, they’re like balancing your check book by hand, which while necessary, is time consuming and error-prone. Planning systems, however, are not designed to allow you to ask ‘what if?’ Traditional supply chain planning systems have rudimentary scenario support — at best.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Planning 193

Valogix

MAY 1, 2023

Most small businesses use an ERP system from companies like SAP, NetSuite and Microsoft. Inventory planning uses a wide range of variables and metrics, which generally include: But they fall short of providing inventory optimization and rationalization. How do you get there? How do you know when you have arrived?

Metrics 52

Metrics Inventory Supply Chain Planning Software SAP 52

Arkieva

OCTOBER 11, 2017

In recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains. The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics.

Metrics 94

Metrics How To Supply Chain Supply and Demand 94

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. As a metric, it’s the time you budget to manufacture each part or component. This metric represents the amount of time you lose when switching a production line from one product to another.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Supply Chain Opz

AUGUST 3, 2014

Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. 2) Utilization Metrics : machine utilization is a classic example of this kind of metric.

Procurement Analytics 157

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Planning 157

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. Not understanding that supply chain is a complex system.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Logistics Viewpoints

OCTOBER 23, 2024

This assessment helps identify whether existing systems can support DPP integration and what upgrades or changes are necessary. Assessing Infrastructure and Technological Capabilities The first step in the readiness assessment is to evaluate the organization’s IT infrastructure and data management systems.

Resource Reduction 244

Resource Reduction Vendor Strategies Inventory Reduction Price Mitigation Strategies 244

GlobalTranz

JUNE 1, 2018

Legacy systems traditionally used for warehouse management are inefficient in the modern era; even systems in the 5- to 10-year age range. Warehouse managers can work to gain executive-level support by making the right business case for a modern warehouse management system. Download white paper.

Supply Chain Design Software 184

Supply Chain Design Software Supply Chain Planning Software Optimization Software Forecasting Software 184

Precoro

JULY 29, 2024

Businesses adopt online procurement systems to mitigate risks and to streamline requisitions, approvals, order placement, and spend management. Keep reading to learn: What is an online procurement system? These systems are often integrated with other tools, ensuring seamless operations across various departments.

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

USC Consulting Group

JUNE 7, 2021

It might be time to update your legacy systems; but how do you know if it’s really the right time to invest? Digital systems and advancements in tech from artificial intelligence to the Internet of Things (IoT) are powering new possibilities in business. Is there still sufficient support for our legacy system?

Supply Chain Planning Software 96

Supply Chain Planning Software Modeling Software Inventory Management Software Supply Chain Network Software 96

Unleashed

SEPTEMBER 22, 2019

Delivery In Full On Time, or DIFOT, is a metric used to analyse how accurate and efficient your supply chain is. When it comes time to reassess the approved supplier list, then you can use these metrics to disqualify problematic suppliers and improve your own performance and supply chain. How is DIFOT impacted?

Metrics 61

Metrics Supply Chain Design Software Inventory Management Software Forecasting Software 61

GlobalTranz

MAY 12, 2016

Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. Businesses are often left with questions about the origination of such data. 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

Supply Chain Shaman

DECEMBER 15, 2022

Functional Metrics. With the implementation of transactional systems, the focus was on measuring and controlling functional metrics like the lowest manufacturing cost or purchase price variance in procurement. Few consultants understand the supply chain as a complex non-linear system. False Beliefs.

Manufacturing Procurement 394

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

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.

Resource Reduction 63

Resource Reduction Cost Reduction Strategies Metrics Supply Chain Strategy 63

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

GlobalTranz

NOVEMBER 16, 2018

While ERP systems provide excellent tools to manage accounting, human resources, customer relationships and more, they considerably lack the tools needed to properly manage transportation. Users can set up appointments through the system, reducing errors in communication and dissatisfaction. Get Your Free Copy Here.

Supply Chain Planning Software 164

Supply Chain Planning Software Forecasting Software Optimization Software Supply Chain Software 164