GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Procurement Analytics 69

Procurement Analytics Supply Chain Software Supply Chains Optimal Sourcing 69

GlobalTranz

AUGUST 4, 2015

In order to optimize manufacturing operations, or really just about anything, you need to have at your fingertips the best and most accurate manufacturing metrics around. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. VR tends to replace the entire image. billion by 2021.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

TransAudit

DECEMBER 13, 2023

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. This process also increases resilience, key in today’s uncertain global economy, and provides cost reductions. Robust tracking, monitoring, and auditing will be essential for meeting goals.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 88

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

The Logistics of Logistics

AUGUST 29, 2019

I was involved with the procurement of equipment and materials. The business model changed. For example, all the hospitals that got supported with tens of thousands of purchase orders that Aramco was handling. The volume of purchase orders declined to where Aramco was no longer the market maker. [13:34]

Procurement Analytics 170

Procurement Analytics Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 170

Logistics Viewpoints

SEPTEMBER 20, 2022

In this blog, I’ll try to shed more light on it with examples from our work with our customers. Well, we also know that many legacy systems will not be able to support all these changes quickly and cost-effectively. Think of the Lego as the ultimate example of a composable toy. So what to do? What is Composability?

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Scenario Planning Optimization Software 116

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

Ship Monk

MARCH 21, 2024

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Today’s CRM platforms have adapted and expanded their tools to meet the needs of ecommerce businesses. Analytics tools help you test and measure ad performance and email click-throughs.

Optimization Software 95

Optimization Software eCommerce Logistics Network Optimization Software Procurement Solutions 95

SYSPRO Smarter ERP

MAY 10, 2022

This should also integrate with inventory management and procurement so that goods are ordered in time and there is visibility over stock items. Managers should be able to analyze the costs of customized orders to identify where improvements can be made in labor hours worked, and other areas where costs can be lowered, such as reducing waste.

Manufacturing Procurement 111

Manufacturing Procurement ERP Procurement Solutions Optimal Sourcing 111

Logistics Business Magazine

MARCH 22, 2024

It is widely believed that Sting’s “Ten Summoner’s Tales” was, in 1979, the first ever item purchased online – marking the birth of ecommerce. trillion, about 30% of world GDP, according to a 2021 report by UNCTAD, the United Nations Conference on Trade and Development. So, how do you make the seemingly-impossible possible?

eCommerce 62

eCommerce Logistics Network Optimization Software Supply Chain Planning Software Procurement Analytics 62

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing ERP Supply Chain Design Software 98

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 94

Procurement Analytics Cost Reduction Material Savings Tracking and Tracing 94

Ship Monk

AUGUST 30, 2023

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. You can also track conversion rates for other actions you want customers to take, such as email signups or social followers, but an ecommerce conversion rate commonly tracks those that result in a purchase.)

eCommerce 52

eCommerce How To Procurement Analytics Purchasing Skills 52

Logistics Bureau

OCTOBER 20, 2021

These key metrics become your organisation’s “multi-function display” and give you the primary data needed to monitor and manage “normal flight conditions.” ” Feel free to track lots more metrics in the background if you wish, but try to keep attention focused on the five or six “real KPIs.”

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 96

Logistics Bureau

MAY 30, 2022

For example: Alignment of strategy and cost leads to happy shareholders. Alignment of cost and service is good news for your customers. From an inventory perspective then, service means maintaining an appropriate level of stock to meet your promises to your customers. Why does the C-suite want the three pillars aligned?

Inventory Reduction 112

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 112

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. How have you improved supplier quality?

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Examples Case Study 94

Logistics Viewpoints

JUNE 29, 2022

For example, Mars has been purposeful on where to focus their efforts. The company has established long-term power purchase agreements at the country level. As a result, Mars has been able to procure renewable electricity to cover the entire business in those specific countries.

Supply Chain Design 163

Supply Chain Design Supply Chains Optimal Sourcing Sourcing Strategies 163

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. Here are some benefits of combining machine learning with advanced analytics and real-time monitoring to get complete visibility across the supply chain. AI was once only seen in science fiction.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. That has recently changed.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

Logistics Business Magazine

NOVEMBER 24, 2023

To ensure that more truck drivers are back home in the evening, for example, the forwarding association Elvis wants to set up a meeting network for full truck loads. The best of the best also differentiate their recruitment strategy – for example, according to generations or potential groups such as newcomers or foreign workers.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Optimization Software 57

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Demand models need to be continuously updated. Sadly it is not.

Supply Chain Planning Software 113

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 113

Trinity Logistics

NOVEMBER 13, 2023

Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. To combat the shortage, manufacturers are looking for ways to recruit and retain skilled talent, by raising wages and reskilling current talent to meet company needs. Industry 4.0

Manufacturing Procurement 92

Manufacturing Procurement Supply Chain Software Trends Supply Chain Planning Software 92

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Therefore, it is important to measure how well these suppliers meet the expected high level of quality. can be measured to define this metric. Manufacturing Cycle Time : This metric is most accurately obtained using real-time monitoring with a Manufacturing Execution System (MES). Warehousing KPIs. Outbound KPIs. Financial KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Metric: A metric is a measurable indicator that changes over time.

eCommerce 52

eCommerce Inventory Reduction Manufacturing Procurement Procurement Analytics 52

Logistics Business Magazine

SEPTEMBER 27, 2023

However, beyond initial exposure, holding onto them relies not only on the product meeting expectation but also on the service that follows the payment. For example, automatic storage and retrieval systems paired with Prime Vision mobile autonomous robots (AMRs) and computer vision systems allow items to move faster through the warehouse.

Automation 57

Automation Logistics Network Optimization Software Procurement Solutions Procurement Analytics 57

Logistics Business Magazine

DECEMBER 8, 2022

In the fashion and fast-moving consumer goods sectors alone, these are more than 100 brands, including, for example, Marc O’Polo, Jack Wolfskin, KiK and Wenko. Many companies can become even more efficient – for example, by optimising the deployment of drivers with the help of trailer concepts or more decoupled loading times.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 62

Logistics Viewpoints

JANUARY 26, 2021

The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have a target percentage to meet.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

The Lean Thinker

DECEMBER 9, 2022

When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available. .” The system was not without its problems, however. This all changed shortly after WWII.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

Logistics Business Magazine

APRIL 24, 2019

For example, AI can enhance risk mitigation by analysing large sets of data, continuously identifying evolving patterns, and predicting disruptive events along with potential resolutions.”. Advanced Analytics. Advanced analytics are not new, but their impact on today’s supply chains are significant,” said Mr Titze.

Supply Chain Planning Software 32

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Logistics Network Optimization Software 32

SYSPRO Smarter ERP

MAY 22, 2023

A recent report by the IDC noted some benefits of these programs. The BOM ensures there is full control of the quantity, quality, and cost of the materials, and controls the hierarchy of the resources, items and parts that comprise a product. Having a sustainable supply chain is therefore not just a minority view.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 98

Blue Grace Logistics

AUGUST 3, 2021

The importance of setting the tone of the relationship and being an example of what you expect. Taking time to organize regular meetings with all suppliers geared toward measuring the partnership’s progress will provide both parties with the opportunity to provide honest and valuable feedback. Finally, make it personal.

Maintainability 117

Maintainability Price Reduction Purchasing Skills Resource Reduction 117

Trinity Logistics

NOVEMBER 11, 2022

Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. For example, manufacturing output has been expected to increase by 2.4 As technology automates processes, workers will need to use more communication, collaboration, and analytical skills.

Manufacturing Procurement 101

Manufacturing Procurement Trends Supply Chain Software Industry 101

Logistics Viewpoints

NOVEMBER 21, 2022

294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Scope 2 emissions are indirect emissions from purchased energy. They have asked they value chain partners to take four actions: Report their scope 1 and 2 emissions by the end of 2022. PepsiCo’s Internal Supply Chain.

Food and Agriculture 113

Food and Agriculture Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 113

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141