Supply Chain Shaman

FEBRUARY 7, 2022

To understand the phenomenon , the 2019 GDP was 2.16%. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. We started the conversation with sourcing. The US GDP in 2021 grew at an unexpected rate of 5.7% in the second year of the pandemic.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Jaggaer

JANUARY 28, 2019

As we’ve explored in our last two blog posts, economists are predicting a decline in global economic growth due to policy and trade issues both in the United States and the European Union , bringing an increased risk to supply chains and procurement organizations.

Manufacturing Procurement 40

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Procurement 40

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

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. Yannis transitioned from the role after eight years in 2019. Companies struggle to maintain focus and drive discipline to build balance sheet results. The supply chain is a complex non-linear system.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. They also have 20 sourcing locations across North America from which they can ship make to stock products. HWI employed a crawl-walk-run methodology.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

ToolsGroup

JANUARY 13, 2021

We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. Supply chains will get more regional and focus more on alternate sourcing/ substitution options. Published: 17 October 2019 ID: G00450874. (2)

Supply Chain Planning Software 272

Supply Chain Planning Software Predictive Analytics Software Supply Chain Planning Scenario Planning 272

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

MAY 30, 2019

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. For example, demand planning does not flow to procurement or transportation. Second Step: Understand the Role of Inventory.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

crisp

SEPTEMBER 29, 2023

Founded in 2019 by Alek Koenig, Settle was born to untether early-stage consumer goods companies from cumbersome back-and-forth payment processes that often left them with little time and mental bandwidth to focus on strategic growth. This visibility is essential for understanding market demand, inventory turnover, and sales performance.

Procurement Analytics 52

Procurement Analytics Procurement Solutions Supply Chain Design Software Analytics Software 52

SupplyPike

MAY 27, 2020

Learn about: Cross-docking Walmart’s inventory technology Shelf-scanning robots Vendor-management inventory. Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. Walmart’s inventory strategy primarily revolves around cross-docking.

Vendor Strategies 74

Vendor Strategies Inventory Reduction Price Reduction Sourcing Strategies 74

Enterra Insights

JANUARY 7, 2020

Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. Intelligent order management: Supply chains will orchestrate the perfect order and master inventory visibility. ” 5. . Prediction 2. ” Prediction 3. .”

Predictive Analytics Software 100

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Software 100

ToolsGroup

SEPTEMBER 25, 2019

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. BOSTON, Mass. and HOUSTON, Tex.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Enterra Insights

JUNE 17, 2020

Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. 1] Adam Hayes, “ Supply Chain Management ,” Investopedia , 11 August 2019. [2] Data-as-a-service (DaaS).

Supply Chain Planning Software 130

Supply Chain Planning Software Sourcing Strategies Supply Chain Software Supply Chain Strategy 130

Supply Chain Matters

JULY 20, 2022

front that retailers and certain businesses may have procured too much inventory , and now that these inventories have arrived, the challenge will be not to exposed to a decline in consumer buying activity in the months to come. percent of GDP between the two years from 2019 to 2021. percent of GDP to 6.2 Stay tuned.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Supply Chain Strategy Supply Chain 98

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Supporting localisation – To increase resilience, means to decentralise sourcing.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

EC Sourcing Group

DECEMBER 17, 2018

Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order. Most people in procurement dislike change. The bottles they use serve multiple purposes.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

NC State SCRC

APRIL 2, 2023

Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. We started in 2012 as a finance back office, which included elements of the procure to pay process. A shared service is a Center of Excellence in effect.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Matters

JULY 6, 2022

Further reported was that about two-thirds of the company’s inventory was still in-transit at the end of the most recent quarter. In 2021, Nike experienced discernable production and transportation disruptions for products sourced in Vietnam as suppliers struggled with Covid-19 lockdowns, labor and transport shortages.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

BlueYonder

JANUARY 21, 2021

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. In part 1 of the Agility and Resilience in Supply Chain Execution series , we discussed the secret of achieving these very important aspects.

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Supply Chain Execution Optimal Sourcing Supply Chain Software 86

BlueYonder

MARCH 6, 2020

A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans. where is my inventory,” and leverage ML-based recommendations to find alternate sources of supply and integrated execution capabilities to turn recommendations into alternate supply shipments.

Real-time Visibility 90

Real-time Visibility Modeling Supply Chain Planning Software Supply Chain Software 90

Enterra Insights

JULY 28, 2020

”[2] The explain, “Traditional supply chains, reliant on manual processes, simply cannot keep up with the pace of today’s market; the processes for balancing inventories and forecasting used ten years ago are quickly overwhelmed. ” When dealing with clients, we often find getting the right data can be difficult.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Enterra Insights

FEBRUARY 11, 2020

.” Alex Saric, a procurement expert at Ivalua, observes that poor supply chain visibility exposes companies to unwanted risks. Here, a smart approach to procurement will allow companies to improve supplier visibility, put effective measures in place and identify supply chain risks as they appear. .”[3] Footnotes. [1]

Supply Chain Planning Software 100

Supply Chain Planning Software Supply and Demand Analytics Software Predictive Analytics Software 100

NC State SCRC

JUNE 11, 2023

To tackle this scale and complexity of this challenge, we were introduced to a network of state acquisition officials through the National Association of State Procurement Officers (NASPO). disaster management is usually classified into the phases of (1) mitigation, (2) preparedness, (3) response, and (4) recovery (FEMA, 2019).

Government 52

Government Resource Reduction Material Savings Manufacturing Procurement 52

Shipsy

JANUARY 28, 2021

SCM is the management of the flow of goods or services from source to destination by following activities like demand planning, raw material procurement, production, inventory management, order management, movement and storage, and transportation and logistics. dollars in 2019. Improve inventory and warehouse management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Management Software Analytics Software 52

Requis

MARCH 10, 2020

With an uptick in media reports on environmental crises like the Australian bush fires of 2019, there has been a renewed sense of urgency on climate change issues. – UN report: Global Resources Outlook 2019. Based on a number of sources, we estimate that the Global 2000 spends around $12T annually on procurement of new assets.

Manufacturing Procurement 52

Manufacturing Procurement Material Savings Sustainability Waste Reduction 52

ModusLink Corporation

NOVEMBER 18, 2021

When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. Sustainable procurement: consists of environmentally friendly purchasing that carry reduction, reuse, and recycle. Retrieved from Ikea.com. Retrieved from Kobo360.com. Logistrap packing services. Retrieved from Logistrap.com.

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

Enterra Insights

FEBRUARY 6, 2020

Finished goods inventory? Roy Anderson ( @procureguyvp ), Chief Procurement Officer and Digital Transformation Officer at Tradeshift, insists, “Sixty years of relative stability in global trade encouraged businesses to build efficient but highly rigid supply chains that minimize cost but make it difficult to adapt quickly.”[4].

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Transformation Supply Chain Software Agile and Lean Supply Chain 100

Supply Chain Matters

APRIL 1, 2022

Financial results were positive and included annual net revenues increasing 32 percent on a year-over year basis, and 42 percent when compared to pre-pandemic 2019. Friedman went on to articulate that transit times to move inventory from Asia to the U.S. Operating margin has reached nearly 26 percent, up 1.2 basis points.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52