Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. I remember December 2007 like yesterday.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Enterra Insights

MAY 6, 2020

The grim forecast underscored the magnitude of the shock that the pandemic has inflicted on both advanced and developing economies and the daunting task that policymakers face in containing the fallout.”[2] There have been eight official recessions (including the one that began in December 2007) in the last 50 years. ”[5].

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Material Savings Supply Chain Planning Software Supply Chain Strategy 100

The Logistics & Supply Chain Management Society

JULY 20, 2020

Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Customer centricity is not about setting a company strategy through the forecasted demand of the product portfolio in the market. This challenge has contributed to the slowdown or cessation of production in some sectors (e.g.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

AB&R

APRIL 12, 2022

The initiative was officially put on hold in 2007 as a result [2]. The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. Opportunities for manufacturing. Why try again now? HAVE QUESTIONS?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Shaman

APRIL 7, 2016

I am a manufacturing gal by training. While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. 2) Market-Driven Forecasting.

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Supply Chain Insights

AUGUST 3, 2017

It hasn’t been too long ago that a typical consumer products manufacturer rep would replicate last year’s plan, make any adjustments for an account’s expanded stores, new markets, or new product launches, and dub it the new current year forecast. These guys were great at what they did. Ah, those were the days! Just a nuisance.

Vendor Strategies 110

Vendor Strategies Optimal Sourcing Resource Reduction Price Reduction 110

Supply Chain Matters

SEPTEMBER 23, 2023

In this second Supply Chain Matters reader update, we highlight the ongoing supply chain and manufacturing implications of the labor strike involving the three U.S. Today, China based EV automakers and suppliers have notable cost advantages in materials sourcing, production and labor costs. unionized auto companies. Thus, some U.S.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

GlobalTranz

MAY 13, 2015

Walmart uses its mammoth purchasing power to shape suppliers’ behavior which also drives down costs, Gartner said. Benefits from its supply chain efficiency result in time savings, more cost-effective inventory management and improved product forecasting, the article said. Sources: “Annual Financials for Wal-Mart Stores Inc.”

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

KEPLER Consulting

DECEMBER 11, 2019

Non-updated product sheets in ERP (purchase price, MOQ, Incoterm,…) resulting in non-compliant supplier orders . However, it is essential to react quickly in order to prevent harmful effects due to the overload of the operational system (Véronneau and Cimon, 2007) and also to preserve a certain agility in for the Supply Chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. Market-Driven Processes. Demand Sensing.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

QAD

APRIL 21, 2020

What’s more, during the great recession of 2007-09, only major automakers like GM and Chrysler got bailouts – this time, many expect suppliers will once again be denied bailouts and be forced into declaring bankruptcy. According to LMC – globally, production is now forecasted to drop to 76.9 from a pre-pandemic forecast of 89.2

Automotive 112

Automotive Industrial Industry Negotiating Skills 112

Logistics Bureau

MARCH 11, 2020

When leading economists start talking about a drop in manufacturing comparable to the start of the 2007-2008 global financial crisis, you can be sure that the world’s leading industries are in for a torrid few months. Moody’s Investor Service forecasts a drop of 2.5% Pinpointing the Industries Hit the Hardest. The Auto Industry.

Industrial 52

Industrial Industry Manufacturing Procurement Pharmaceutical 52

Taulia

MARCH 15, 2023

Global supply chain pressures took their toll as Asian manufacturing hubs struggled to keep up with demand from other markets that had emerged from lockdowns. However, this policy response is not without cost, with the IMF now forecasting the UK economy to contract by 0.6%

Ukraine 52

Ukraine Material Savings Germany Price Reduction 52

Arkieva

JANUARY 6, 2017

Three Steps to a Better Statistical Forecast Setup. Arkieva COO – Sujit Singh, outlines three essential steps to better statistical forecasting — simulate, measure, refine. She shared that her business had implemented a statistical forecasting package from one of the leading vendors during the previous year.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Infosys Supply Chain Management

MAY 25, 2012

Industrial Manufacturing. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. » SAP acquired Ariba, what does it mean for the on-demand, procurement and SAP world? Automotive. Communication Services. Consumer Packaged Goods. Healthcare.

Pharmaceutical 22

Pharmaceutical Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 22

Precoro

JUNE 21, 2023

Trade payables typically refer to amounts owed for purchases of inventory or other goods and services directly related to the company's core operations. Saving and organizing documents and records for AP transactions, such as purchase orders , receipts, vendor invoices, and payment records.

Procurement Analytics 98

Procurement Analytics Expense Reduction Procurement Solutions Guidelines 98

Supply Chain Shaman

NOVEMBER 14, 2016

VTech drove significant improvement in operating margin through the recession of 2007-2009 and then drove improvement in both inventory margin and operating margin for the period of 2010-2012 with some regression in the period of 2013-2015. The North American operation is the top manufacturer in the US cordless market.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

Supply Chain Shaman

JUNE 26, 2016

The traditional manufacturing job defined the middle class. Each time, I turn on the channel, manufacturing jobs frame the global debate. Ironically, as global manufacturing jobs decrease, there is a need for talent for the global supply chain. Collaborative sales forecasting input leads to increased bias and error.

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 191

ShipBob

AUGUST 3, 2020

It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. It was the world’s largest VC firm in 2007 with over $20 million in assets during the year. Product sourcing. Product sourcing is the process of purchasing or creating products that you can sell.

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105

Bristlecone

MARCH 31, 2020

The financial crisis of 2007-08 was referred to as a black swan event because it caused catastrophic damage to the global economy and triggered widespread disruption to people’s lives. Super-efficient supply chains with accurate forecasting and well-managed inventories worked fine until the virus hit us.

Modeling 52

Modeling Supply Chain Planning Software Optimal Sourcing Supply Chain Software 52

Logistics Bureau

MAY 24, 2019

Deere & Company (brand name John Deere) is famed for the manufacture and supply of machinery used in agriculture, construction, and forestry, as well as diesel engines and lawn care equipment. One of the world’s largest manufacturers of computer chips, Intel needs little introduction. Deere & Company.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Talking Logistics

MARCH 23, 2016

Typically companies operated in silos, but according to a recent Global Supply Chain Institute at the University of Tennessee survey, while some lines between business functions have blurred, silos still exist, especially between purchasing and logistics. Increased forecast accuracy of about 25%. Improved SLAs to consistent 98% levels.

Supply and Demand 100

Supply and Demand Supply Chain Visibility Prescriptive Analytics Software Real-time Visibility 100

Supply Chain Shaman

SEPTEMBER 22, 2022

I forecast this disruption period as the new normal is not over. At the beginning of the pandemic, the forecasted period of disruption of seven-to-eight months. Seasoned supply chain professionals used the mental model from the recession of 2007 as a guidepost.) Forecast Sharing. Sales Forecasting. The Future.

Supply Chain Planning Software 405

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Modeling 405

Supply Chain Trend

DECEMBER 13, 2016

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. I have purchased the E-Book myself and truly enjoyed it. . In the last 30 years S&OP improved performance in many businesses.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

Supply Chain Shaman

MAY 30, 2019

Meanwhile, turbulence is the norm for manufacturing supply chains. My forecast? When the recession of 2019-2020 happens, the whiplash will be higher than the 2007 recession. For the CFO, end-to-end is a focus on transactional flows like order-to-cash and procure-to-pay. I watch in amusement. Value Network Work Is Stalled.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197

Material Handling & Logistics

OCTOBER 26, 2018

Further, if one does a Google search on data science groups in private industry, numerous large industry groups formed just since 2007 appear. The latest smart manufacturing concept that we developed and demonstrated is the robot-on-a-cart concept for autonomous assembly or conveyer tending. Drones & Autonomous Vehicles.

Pricing Training 54

Pricing Training Supply Chain Design Software Purchasing Training Negotiating Skills 54