ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. As we approach that time of year again, we decided to run an updated version. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

Enterra Insights

OCTOBER 11, 2022

”[1] She also hints it’s time to move on. She writes about a unit of DuPont (now acquired by DOW) that, in the early 2000s, was “ahead of [its] time on simulation analysis and cross-functional orchestration.” Evan Quasney, Vice President of Solutions Marketing at Anaplan, seems to be of a like mind.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

Supply Chain Trend

DECEMBER 22, 2023

Many which I’ve highlighted over the years in blogs and articles. Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. We’ve entered an AI era where 76% of work can be augmented or automated.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Inaccuracies in forecasting can lead to overstocking, which immobilizes capital, or stockouts, which again result in lost sales and damaged customer relationships. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. On-time & in-full delivery is the most telling indicator of how well your service performance is. Get Our EBOOK HERE.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

QAD

FEBRUARY 7, 2023

Though each industry may abide by a different means of scoring, that goal can be broken down further into three general objectives: Develop and strengthen relationships: This requires looking at which suppliers are critical to the business and which aren’t. Maximize value: Businesses depend on reliable, high-performance vendors.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Precoro

DECEMBER 11, 2023

In this blog post, we explore what constitutes the strategic sourcing process, how to design and execute such a process, and how it can help your organization thrive. The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. Keeping up with demand and market trends challenges most supply chain operators. Let’s start with the definition.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns. What is Shelf Replenishment?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

GlobalTranz

OCTOBER 27, 2017

Editor's Note: Today's blog is from Ty Kiisel who shows us how you can be affected by your supply chain finances. . To fully understand the formula, Current Assets include the cash you have in the bank, your current Accounts Receivable and your inventory. The lead times for all my components are very long.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Strategy Material Savings Supply Chain Planning 182

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Supply Chain Shaman

AUGUST 14, 2016

However, I had little time to be tired. These are three different, but complementary, concepts. These are three different, but complementary, concepts. It had been a long night. The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?”

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

FEBRUARY 12, 2017

The logo to the left showcases the evolution of the brand over time.) Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Understanding What Drives Supply Chain Excellence.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

ToolsGroup

NOVEMBER 15, 2016

Editor's Note: Due to the Thanksgiving holiday, there will be no blog post next week. Like a "Zillow for Demand Planning", he suggest using market intelligence to quantify the relative forecastability of the demand signal to better understand your forecasting performance potential. And how do you set your targets for the coming year?

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Supply Chain Game Changer

SEPTEMBER 30, 2021

An AMR uses sensors to study and understand its environment, thus using the most efficient way to perform its tasks. Please keep reading to understand the various types of AMRs and their applications in warehousing. There are four types of AMRs, and each type is better suited for a different task within the warehouse.

Warehousing 95

Warehousing Material Savings Inventory Reduction Supply Chain Software 95

ThroughPut

MAY 1, 2023

or the planners who are managing super-complex supply chains that include everything from your tiered suppliers, inventory to logistics and sales, the pressure has literally gone through the roof. Are we able to intuitively align inventory to match demand? Do we have thorough insight and understanding of existing production operations?

Supply and Demand 52

Supply and Demand Demand Management Modeling Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 10, 2017

This week I spent time in Silicon Valley talking to technology innovators. So my question to the presenter was, “Why waste your time trying to improve a traditional demand planning approach when you could do so much more?” Disruption in supply chain planning is happening. My angst is that it is not happening faster.

Supply and Demand 165

Supply and Demand Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 165

Supply Chain Shaman

JULY 8, 2013

In this blog post, I would like to celebrate their story. Would it really make a difference? Would it really make a difference? As we discussed the concepts of a demand driven organization, they offered excuses like, “ You need to understand that we are different. However, over time it slowly changed.

Supply and Demand 210

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 210

EazyStock

MARCH 3, 2022

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels and only hold items that were needed to fulfill known orders. In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Forecasting 52

GlobalTranz

JULY 20, 2017

Editor's Note: Today's blog is from Red Stag Fulfillment who show us how an Order Fulfillment Solution can help reduce risk. You choose the right option to order fulfillment solution and get your products quickly into the hands of customers — who will become satisfied customers — with as little hassle and wait time as possible.

Procurement Solutions 124

Procurement Solutions Price Reduction Purchasing Skills Cost Reduction Strategies 124

GlobalTranz

MAY 21, 2015

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. In order to implement this visibility, it is crucial that companies take into consideration many elements.

Supply Chain Planning Software 120

Supply Chain Planning Software Cost Reduction Strategies Supply Chain Software Sourcing Strategies 120

ThroughPut

JUNE 2, 2020

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. Difference between Lean Manufacturing and JIT Manufacturing.

Just-in-Time 52

Just-in-Time Inventory Reduction Inventory Management Software Waste Reduction 52

ThroughPut

JUNE 2, 2020

What is Just-in-time Manufacturing? Just-in-time (JIT) manufacturing is described as a production model in which products and services are produced to meet specific demand and not necessarily created in surplus, in deficit, or in advance of actual need. Difference between Lean Manufacturing and JIT Manufacturing.

Just-in-Time 52

Just-in-Time Inventory Reduction Inventory Management Software Waste Reduction 52

Supply Chain Shaman

JULY 22, 2016

In times of revenue shortfalls, sales-driven initiatives are short-term. A River Runs Through It is one of my favorite films. The scenes directed by Robert Redford are beautiful. As the story unfolds, a family with many dramatic ups and downs always return to the Blackfoot River to fish. The river becomes the thread that connects their lives.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

APRIL 7, 2016

The concept of being on and available all the time– 24/7– wears on me. When my hands grasp objects for a period of time, the fingers tingle and go to sleep. During the afternoon, as I quietly held the pieces for Jake’s monster, my mind composed my blog post for the week. It evolved over time. Reflection.

Supply Chain Design Software 150

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

GlobalTranz

JANUARY 10, 2017

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

GlobalTranz

FEBRUARY 5, 2018

Supply chain managers and leaders need to understand which technology trends will be the dominant forces of change and continuous improvement in the coming year. Regardless, blockchain technology will continue to drive additional engagement between IT vendors and chief information officers (CIO) throughout the coming year.

Supply Chain Software 171

Supply Chain Software Supply Chain Technology Demand Planning Software Inventory Management Software 171

ThroughPut

JULY 14, 2020

These inefficiencies can waste time, and cost money and labor which can in turn impact the total profits for an organization. The first step toward Lean Manufacturing is to establish an understanding of what value the customer assigns to products and services. Consider a simple task of watering a garden of plants. . Value Stream.

Continuous Improvement 69

Continuous Improvement Agile and Lean Supply Chain Waste Reduction Lean 69

ThroughPut

APRIL 13, 2021

Some of the major challenges faced by the food and beverage industry include: Determining consumer consumption Bottlenecks in productivity that hinder production capacity Resource cleaning Distribution shelf-life management Varying times of dispatches in a day. Why do businesses need Capacity Planning in food supply chain management?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Capacity Food 52

ThroughPut

APRIL 13, 2021

Some of the major challenges faced by the food and beverage industry include: Determining consumer consumption Bottlenecks in productivity that hinder production capacity Resource cleaning Distribution shelf-life management Varying times of dispatches in a day. Why do businesses need Capacity Planning in food supply chain management?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Capacity Food 52

QAD

MAY 19, 2021

This article will help identify the differences between ERP and CRM, when your business may need them, the benefits of each system, and if your business may benefit from having one or both systems. Real-time operation. But when do you need ERP and CRM? What is ERP? ERP stands for Enterprise Resource Planning. A common database.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Inventory Management Software 52

Supply Chain Trend

MARCH 29, 2016

Communication is mentioned by McKinsey as a top three impact on business transformations, resulting in a four to eight times higher transformation success rate. And research in 200 Polish high performing companies, shows a direct correlation between poor communication, poor strategy execution and lower profits. S&OP requirements.

S&OP 68

S&OP Supply and Demand Resource Reduction Inventory Reduction 68

Supply Chain Shaman

DECEMBER 30, 2021

Let me start this blog by asking, “Shouldn’t you be worried too?” So, I write this blog with this bias. I believe that the remedy is far different than ambling down traditional paths. As ports become more congested, lead time variability increases. As I watched, I shook my head. I am worried.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

GlobalTranz

MAY 12, 2015

Manufacturers need to focus on their core in order to stay competitive, and technological tools, such as our Cerasis Rater, a transportation management system , allow for streamlined process in managing transportation, giving back precious time, money, and focus to our manufacturing customers.

Manufacturing Procurement 120

Manufacturing Procurement Modeling Software Demand Planning Software Cost Reduction Strategies 120

GlobalTranz

JULY 24, 2015

There are 230,000 small manufacturing companies in the United States alone, according to a new Infographic from The National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (MEP) Manufacturing Innovation Blog. The more people you add into any project, the more complicated everything gets.

Manufacturing Procurement 120

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Manufacturing 120

Logility

DECEMBER 15, 2023

The time is ripe to move forward with supply chain transformation. With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156