Supply Chain Shaman

JULY 12, 2013

Why Does It Matter? Define what agility is, what it can do for your organization, and show why it matters. Focus on improving corporate performance—profitability, cycles, revenue growth, customer service and forecast accuracy—against the supply chain strategy. Let me know what you think of the blog.

Supply Chain Design Software 266

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 266

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logility

FEBRUARY 14, 2018

With increasing frequency, I have noticed blog posts touting the position that ‘demand planning is dead.’ ’ Why? Proponents for getting rid of demand planning claim that if you base production on actual customer demand at the point of consumption, you can eliminate or minimize static inventory.

Supply and Demand 119

Supply and Demand Demand Planning Demand Planning Software Supply Chain Planning Software 119

Talking Logistics

JUNE 23, 2016

Whether we like it or not, every company on the planet with any significant supply chain operation has an inventory reconciliation problem. It doesn’t matter if you are a retailer, manufacturer or logistics service provider, or if you have the latest and greatest warehouse management system. Why not 100%? Why should we care?

Inventory Reduction 101

Inventory Reduction Supply Chain Network Software Optimization Software Demand Planning Software 101

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Armed with in-depth insights into procurement, inventory management, supplier performance, order management, fulfillment, and more, companies can improve their processes and better manage challenges that arise within their businesses with supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

APRIL 15, 2015

So, why would a company deploy a solution that is more costly, with a longer time to value, to drive lower satisfaction ratings by the planner? So, why would companies implement solutions that cost more, were longer to deploy, and had lower user satisfaction? The phone calls to review factual accuracy will be tough.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

Supply Chain Shaman

JULY 19, 2015

Writing a Shaman blog post is now a Sunday night ritual. When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. It mattered more to the organization.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Enterra Insights

NOVEMBER 24, 2020

This is what I have read in many articles and blogs, but just changing what you have done in the past is woefully inadequate. That’s probably why Tompkins is stressing reinvention. It’s very transactional, and people are so busy doing digital they don’t even know WHY they are doing it in the first place! ”[3].

Supply Chain Planning Software 100

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

BlueYonder

JUNE 14, 2021

IHL’s latest report on the future of grocery shows some hard lessons learned from the 2020 disruptions, especially when it comes to inventory accuracy. Let’s take a closer look at why these technologies matter. It matters what grocers can do with the information. It’s not enough to have accurate demand predictions.

Supply Chain Planning Software 56

Supply Chain Planning Software Inventory Reduction Supply Chain Software Modeling 56

E2open

NOVEMBER 30, 2017

With that in mind, the aim of this blog is to confirm or dispel these myths and set the record straight. Of course, demand sensing can also use customer data, such as point of sale, store inventory or warehouse withdrawals. Myth #2: “Our forecast accuracy is already great – more than 80% – so there is no need to improve it.”.

Supply and Demand 60

Supply and Demand Demand Planning Software Modeling Forecasting 60

Supply Chain Shaman

MARCH 6, 2015

We wanted to see which companies were driving the fastest rate of improvement on the supply chain metrics that matter. Note that they are pushing progress faster than their peer group and outperforming in all areas except inventory turns. One example was the journey to improve forecast accuracy. The CEO is very supportive.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 150

Supply Chain Matters

APRIL 5, 2022

In this special edition of Supply Chain Matters This Week in Supply Chain Technology , we highlight announcements made by B2B Industry Specific Network provider TraceLink. Supply Chain Matters Perspectives. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Bob Ferrari.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Predictive Analytics Software 52

QAD

MARCH 28, 2019

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Forecast Accuracy. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. Order Costs.

Customer Service 80

Customer Service Metrics Forecasting Forecasting Software 80

Supply Chain Game Changer

SEPTEMBER 22, 2022

That’s why you need automated tools to help you get the job done effectively. High-quality procurement software can be used for everything from Inventory management to budgeting. Spend visibility is a pretty big deal when it comes to procurement or any type of invoicing management for that matter. Why is this so important?

Procurement Solutions 101

Procurement Solutions Supply Chain Software Inventory Management Software Optimal Sourcing 101

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. What is the Accuracy of the Model? What is the Accuracy of the Outcomes? AI Model Construction & Accuracy. Accuracy is critical and, in many cases, dependent upon the training data set itself.

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

ThroughPut

FEBRUARY 2, 2024

In this blog, we’ll delve deeper into the potential of advanced supply chain analytics and understand why it is the need of the hour. Whether it’s choosing optimal shipping routes, adjusting inventory levels, or setting production schedules, it leverages predictive insights to recommend the best course of action.

Prescriptive Analytics Software 52

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

Supply Chain Shaman

JANUARY 14, 2013

In part one of this blog series, I started the saga of the supply chain fairy tale. ERP is valuable to improve transactional accuracy, but I can find no evidence that investments in ERP have reduced inventory or improved cash-to-cash cycles. Multi-tier inventory optimization was a fad in the last decade.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

Supply Chain Shaman

JULY 22, 2016

Why is this? This includes: new product launch forecasting, seasonal inventory targets, demand affinities, push-based inventory strategies, demand shaping activities (price, promotion, run-out strategies, sales incentives, trade incentives), and turn-based volume. Why does the order not represent true demand?

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

GlobalTranz

JULY 12, 2016

In today's blog post we will go over five key areas those managing or directing company warehouses can focus on to achieve reaching your desired outcomes. Reduce inventory with cross-docking or use Kanban pull systems. Target inventory accuracy: goal: 98-100% accuracy daily. Improve processes daily.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

crisp

DECEMBER 15, 2021

Why is data so critical in supply chain management? But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs. It’s now a matter of aligning on what the process should be and the best actions to take. For more industry best practices, subscribe to the blog.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

Vinculum

MARCH 25, 2021

That’s why the five foundations of a successful and profitable warehouse are: Customer Service, Efficiency, Automation, 3PL Partnership and Speed to Market. Running a warehouse or manufacturing operation requires a constant balance of managing inventory, performance, complexity and more. Let’s face it. Cost Efficiency.

Warehousing 52

Warehousing Material Savings Cost Reduction Strategies Inventory Reduction 52

BlueYonder

OCTOBER 12, 2017

You may be wondering why the number of raspberry gourmet coffee boxes Kroger has in their inventory at their store in rural Georgia even matters, but it does and here’s why: Inventory management is a critical part of every company’s supply chain and is a large part of the operating costs in all industries.

Modeling 40

Modeling Optimization Software Optimization Modeling Supply Chain Optimization 40

Supply Chain Shaman

NOVEMBER 29, 2015

I have written several blogs on what I think that the third act will look like.). Why Should you Care? As a result, while this blog post is on a technical subject, I will try to stay out of the technical jargon; and as a result, some software experts may find this analysis incomplete. A Look at History. They index.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

ThroughPut

MAY 13, 2022

Demand planners also participate in inventory optimization , ensuring availability of products, while always monitoring the gap between projections and actual sales. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand planners also participate in inventory optimization , ensuring availability of products, while always monitoring the gap between projections and actual sales. Data sources: To forecast demand, statistical techniques use past data – which is why statistical forecasting is also often referred to as historical.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ToolsGroup

MAY 21, 2020

Improve forecasting accuracy to anticipate promotional uplift and subsequently raise service levels. Thus ensuring we had the right inventory in the right place at the right time to satisfy our customers’ needs.“ That’s why global leaders like Absolut, BP and Harley-Davidson continue to rely on us year after year.

ToolsGroup 31

ToolsGroup Supply Chain Planning Software Supply Chain Planning Scenario Planning 31

FLEXE

OCTOBER 6, 2017

Shipping accuracy is now a critical part of the buying experience for shoppers. That’s why a lot of eCommerce retailers are looking at new solutions to expand fulfillment networks and improve the last mile of delivery. . YOU MIGHT ALSO LIKE: Blog: Why Your Delivery Promise Matters. The New Last Mile.

New York City 57

New York City Agile and Lean Supply Chain Supply Chain Design Software Modeling 57

Supply Chain Shaman

AUGUST 11, 2016

I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. Use network design and inventory technologies to unearth new opportunities.

Cost Reduction Strategies 150

Cost Reduction Strategies Inventory Reduction Price Reduction Supply Chain Strategy 150

Supply Chain Shaman

AUGUST 21, 2015

I sent the report to technology vendors listed in the appendix with a deadline for feedback on factual accuracy for 5:00 PM EST on Wednesday. Why do it again? In addition, 85% of the vendors in the multi-tier inventory optimization market that I wrote about in 1995, are now part of larger platforms. What Is New? It is a rewrite.

S&OP 150

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Design Software 150

Supply Chain Trend

DECEMBER 22, 2023

Many which I’ve highlighted over the years in blogs and articles. In February 2022, I wrote the first of a five blog series using the name Intelligent IBP. Google’s Cassy Korzakov already had her DI definition in this blog from 2019 , and Lorien Pratt published the book Link about decision intelligence in that same year.

Supply Chain Planning Software 78

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

Supply Chain Game Changer

SEPTEMBER 17, 2019

This article was posted on Oracle’s Supply Chain Management blog. First, no matter where a firm falls, it’s essential to recognize that supply chain is no longer just a back-office function. Imagining the Supply Chain of the Future! Supply chain professionals are hiking their spending on supply chain innovation—substantially.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 59

NC State SCRC

MARCH 31, 2020

In my last couple of blogs, I spoke briefly about the current surge in demand for N95 masks , as well as the number of grocery stores that were experiencing severe shortages of paper products, hot dogs, and rice & beans…if only those were the only issues we had to worry about! Why did this happen? So, what about a remedy?

Supply Chain Planning Software 52

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Planning 52

Logistics Bureau

OCTOBER 20, 2021

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply. How to Calculate Inventory Days of Supply. Average sales in a month: 600. The Par Level System.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Bristlecone

JANUARY 19, 2021

This got me thinking about the nuances of supply chain visibility – what is it and why should organizations care about it, at this moment in time? However, in this case, the retailer missed a sale due to lack of inventory visibility at the distributor site. to improve forecast accuracy. Interested in taking a deeper dive?

Supply Chain Visibility 52

Supply Chain Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

The Smart Software

AUGUST 12, 2019

Traditional forecasting accuracy metrics aren't applicable when the goal is to optimize inventory. It's "service level accuracy" that matters because just setting a service target doesn’t mean you’ll actually achieve it. Poor accuracy here has extremely costly implications.

Forecasting 40

Forecasting Metrics Forecasting Software Inventory 40

FLEXE

APRIL 12, 2016

The introduction of robotics into the supply chain has reduced costs, improved efficiency, increased productivity and accuracy for companies that have adopted various robotic solutions to tackle a variety of tasks. 2) Advanced Inventory Tracking Technologies. 3) Advanced Inventory Management Systems. 1) Robotics and Automation.

Logistics Network Optimization Software 28

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 28

Locus Robotics

FEBRUARY 12, 2024

In fact, according to a survey by Robotics Business Review , “automated warehouses are 76% more likely to increase inventory accuracy to 99% or higher and 40% more likely to ship orders within one day of being placed.” Here’s why retail warehouse managers can ease their worries about saying “yes” to robots. Let’s talk !

Warehousing 52

Warehousing Retail Analytics Software Predictive Analytics 52