Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 247

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 247

Supply Chain Shaman

APRIL 1, 2015

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. It will delay my report. It is morning in Orlando. The sun is rising.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. The manuscript is due to Wiley on March 1st for an August 2014 publish date. I need it for my conference on September 10th-11th, 2014. Which metrics do you think matter to supply chain excellence?

Procurement Analytics 262

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 262

Enterra Insights

JUNE 22, 2023

With the maturation of artificial intelligence (AI) systems, predictive analytics have grown in importance. The difference between traditional forecasting and predictive analytics is granularity. In contrast, forecasting provides overall aggregate estimates, such as the total number of purchases next quarter.

Supply Chain Performance 130

Supply Chain Performance Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 130

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Orbit Chart for SanDisk for 2006-2014. Most supply chain planning teams do not know their customers.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

DECEMBER 23, 2014

In 2014, ecommerce strategies grew in importance. Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. Details matter.

Packaging 294

Packaging Inventory Reduction Supply Chain Design Software San Francisco 294

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Talking Logistics

MAY 13, 2015

And yet, prior to replacing a legacy inventory management system and implementing a supply chain analytics solution from FusionOps , the share of merchandise the company delivered on-time and in-full was a dismal 28 percent! How did this vast improvement in a key supply chain metric translate into financial performance?

Supply Chain Software 100

Supply Chain Software Procurement Analytics Analytics Software Supply Chain 100

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. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

GlobalTranz

OCTOBER 21, 2016

Since 2014, the shipping industry has suffered numerous setbacks. Rebounding freight volumes and the proximity of the electronic logging device (ELD) mandate are set to change the industry in 2017, reports Sean Kilcarr of FleetOwner. Too Much Inventory Will Make Restoring Shipping Profits Difficult. Capacity Will Grow Tighter.

Capacity 120

Capacity Purchasing Skills Material Savings Price Reduction 120

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 “The net true cost considers issues such as waste-to-landfill, greenhouse gas emissions, economic mobility, worker safety and food safety. .” Decades in the Making.

Gartner 120

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

Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. Walmart recently made headlines when it toughened delivery demands for its suppliers.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. It was also the preference of the consulting partners because the projects were longer, more costly and better aligned with the consulting model.

Supply Chain Planning Software 326

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 326

Supply Chain Matters

MARCH 5, 2022

Founded in 2014, this Boston based robotics technology firm leverages capabilities that are described as mimicking human hand-eye coordination, leveraging machine-learning to a vision system on a gripper and allowing mechanical fingers to bend and twist around objects to perform piece-picking tasks. Global Health Exchange Acquires Syft.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Prescriptive Analytics Software 52

GlobalTranz

DECEMBER 7, 2015

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. A recent report by Frost & Sullivan, “The Future of Parts and Service Retailing in the Automotive Aftermarket” , predicts that by 2025, 10 to 15 percent of all global parts sales will be made online.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

QAD

NOVEMBER 19, 2020

Efficient Inventory Management . The Santa Clara Medical Center reported that 383 medical items went missing between 2010 and 2014, including incubators, heart monitors and mammography machines. The investigation concluded that the equipment was lost due to an inefficient inventory monitoring system. .

Inventory Management Software 92

Inventory Management Software Supply Chain Software Material Savings Supply Chain Planning Software 92

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Logistics Bureau

JANUARY 7, 2020

According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Conversely, just 8% of businesses with less capable supply chains report above-average growth. Pioneered the use of vendor-managed inventory.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Supply Chain Matters

MARCH 28, 2024

In conjunction with the reporting of 2023 financial performance, the California based EV maker announced that the company would lay off upwards of 15 percent of its current staffing, amid cash and ongoing business and supply chain related challenges. The company reported a cash balance of slightly over $325 million at the end of 2023.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Procurement Analytics Supply and Demand 52

ShipBob

DECEMBER 20, 2021

Think about your most recent purchase. This sequence of events involves many moving parts, including purchasing, packaging, shipping, and transporting materials to distributors to sell to the end customer. Inventory management. Brands can connect products, sales channels, warehouses, workflows, reports, and more.

Logistics Network Optimization Software 97

Logistics Network Optimization Software Forecasting Software Supply Chain Planning Software Supply Chain Design Software 97

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. The Company has a checkered past.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Supply Chain Shaman

APRIL 27, 2022

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.) Understanding this relationship requires modeling. (A

Procurement Analytics 360

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 360

EMERGE App

JANUARY 1, 2020

As a wholesaler and distributor, I’m willing to bet that you’re dealing with at least two currencies for your purchases and sales. Boston Consulting Group – Cross-Border Payments presentation by Sukand Ramachandran, Sibos, Boston 2014). Purchase Orders. And you sell things in your local currency.

Currency 52

Currency Purchasing Skills Inventory Management Software Manufacturing Procurement 52

Material Handling & Logistics

DECEMBER 12, 2017

After years of struggling to manage their inventory, brands are using increasingly sophisticated tools to track apparel and accessories through the supply chain, aiming to avoid the typical post-Christmas fire sales. The company is currently offering 25% off purchases, but that deal ends on Dec.

Inventory Reduction 44

Inventory Reduction Inventory Supply Chain Planning Software Predictive Analytics Software 44

Unleashed

JANUARY 5, 2021

Inventory management is a critical function of any business, with drastic implications on profit margins. Stock the right goods at the right levels and you can reduce carrying costs, mitigate the risk of shrinkage and still please customers. Let’s take a closer look at this important metric. What is inventory turnover?

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

GlobalTranz

OCTOBER 14, 2015

Technology can help to simplify your supply chain management, which will enable your business to operate more efficiently, give you more visibility and control over your inventory, and help to reduce your operational costs. RFID chips are placed on every product and provide a way for business owners to easily track their inventory.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Supply Chain Network Software 120

Enterra Insights

SEPTEMBER 6, 2018

Big data is both wide and deep and skimming the surface never provides the insights that can be obtained through advanced analytics. ”[3] To ensure companies don’t drown in an ocean of data, they recommend using advanced analytics. .”[3] The usefulness of advanced analytics. Descriptive Analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Data Predictive Analytics Analytics Software 100

MIT Supply Chain

SEPTEMBER 4, 2014

On September 30, 2014, supply chain education will take a major step into the digital age with the start of SCx, an on-line educational program developed by the MIT Center for Transportation & Logistics (MIT CTL) for thousands of professionals across the globe. SC1x – Supply Chain and Logistics Fundamentals (fall 2014).

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 88

Elementum

APRIL 25, 2016

As more people turn to the Internet to purchase products, industries are feeling the pressure to improve efficiency while ensuring customer satisfaction. In a recent investment research report, analysts noted that e-commerce sales will climb to over US $1 trillion by 2020 if the overall retail sector experiences even modest growth.

Demand Planning Software 60

Demand Planning Software Logistics Network Optimization Software Modeling Supply and Demand 60

GlobalTranz

MARCH 4, 2015

We are lucky to also feature the great supply chain of Staples, who recently purchased Office Depot. In the first project, Whitman faculty and students will analyze fulfillment operations and make recommendations regarding how Staples can further improve its inventory and distribution decisions.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 120

Supply Chain Shaman

APRIL 15, 2015

Using quantitative surveys, we collected the data in Figure 1 in 2014. This week, I am finishing two reports: Sales and Operations Planning, and Inventory Optimization. These two reports will make all the vendors in the industry angry. Here are the links to the studies: Inventory Management. Background.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

Intelligent Audit

SEPTEMBER 7, 2022

Speaking at a recent event in Las Vegas, Patton said, “ This business model is hurting to a degree where my company individually has to see change from FedEx Ground,” according to reporting from SupplyChainDive. So the shortage will continue, but for some sellers, the problem will be too much inventory.”. imports totaled 2.53

Logistics Network Optimization Software 52

Logistics Network Optimization Software Pharmaceutical Trends Industrial 52

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). And, what will signal an upturn?”

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

JANUARY 27, 2015

Most are not… The tail is growing and as a result, there are hidden costs in the business due to complexity. Despite all of the focused attempts to implement new forms of demand planning, the business costs and inventory spiral out of control due to unchecked complexity. Figure 1: Calculating the Long Tail. Test and Learn.

Supply and Demand 150

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

Kinaxis

AUGUST 24, 2015

Consider the Supply Chain Insights report, Research in Review (Nov 2014), that states: “Many companies have five to 30 Enterprise Resource Planning systems and two to three supply chain planning systems. Provide in-depth analysis using complex analytics. Simulate numerous “what-if” scenarios.

S&OP 100

S&OP Supply Chain Planning Software Supply Chain Design Software Forecasting Software 100

Supply Chain Shaman

NOVEMBER 27, 2017

On Monday, November 27th, Logility announced the purchase of privately-held Halo Business Intelligence. Optiant, inventory optimization, 2010, $3.3M MID Retail, 2014, assortment planning, price undisclosed. It is a no-nonsense visual analytics capability for business users. A Look Back . Tamper your expectations.

Logility 61

Logility Supply Chain Planning Software Supply Chain Design Software Analytics Software 61

RFgen

AUGUST 14, 2017

In 2014, Massachusetts resident Pierre Picone pleaded guilty to selling counterfeit integrated circuits (IC) to the U.S. The Origin of DFARS Compliance Requirements Back in May 2012, after a year-long investigation, the Senate Armed Services Committee (SASC) released a report about electronics counterfeits in the defense supply chain.

Aerospace 52

Aerospace Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 52