Supply Chain Shaman

SEPTEMBER 13, 2023

Solving from a supply side seems to work for many companies I work with. I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? The larger the company, the greater the non-linearity.

Supply and Demand 393

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 393

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

SEPTEMBER 27, 2021

The word of the day is visibility, yet this is the nut–that companies implementing many projects, — cannot seem to crack. In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). The reason? The solution remains elusive. What Is Visibility?

Supply Chain Planning Software 341

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 341

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. In each industry sector, companies face unprecedented variability. The decline in inventory turns uses cash.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting, or demand forecasting, estimates future inventory levels needed using past data, upcoming events, and market trends. Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. As we enter Q2, companies face the lashing with the big black whip. On average, industries carry 38 more days of inventory than in 2007. I think not.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Supply Chain Shaman

SEPTEMBER 28, 2022

As a result, companies are writing new case studies through their actions or inaction. Based on the current issues with material shortages, labor issues, electrical costs and outages, weather events, and water availability, I forecast an equal level of disruption for the next three years. Business continuity is the overarching issue.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Precoro

MAY 22, 2023

Strong companies depend on a range of hardware and software solutions to support key business processes like customer service, financial management, and supply chain operations. This article encompasses the best practices for planning and executing successful IT procurement strategies. What is IT procurement?

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Logistics Viewpoints

JANUARY 9, 2023

A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. As the new events that have occurred are analyzed and a new plan is created, the financial implications can be seen. Visibility to Events. MSCN and SCP are better together.

Supply Chain Planning Software 248

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 248

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. As companies grappled with growing and achieving global scale, the organizations became larger. The Chief Financial Officer gained more presence with procurement and IT reporting to finance.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Logistics Viewpoints

NOVEMBER 28, 2022

And agility is about reacting quickly and hopefully effectively to the actual disruptive event. But the event might not be disruptive at all if you had planned for it. Or it might be the ability to secure the necessary quantity of inventory that is needed or respond to unexpected surges in demand. Very simple situation.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 194

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. That’s why most inventory handlers leverage data. The role of data analytics in optimizing inventory management processes has become increasingly important.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. As companies grappled with growing and achieving global scale, the organizations became larger. The Chief Financial Officer gained more presence with procurement and IT reporting to finance.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

SEPTEMBER 22, 2021

Executing an event in the middle of the Covid-19 pandemic is challenging. Similarly, after the conference, I started working with a chemical company to formulate a supply chain strategy. The Company went through many reorganizations. As shown in Figure 1, most companies struggle with business and IT alignment.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Have inventory management.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. The purchasing department plays a critical role in the success of an organization.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ToolsGroup

MARCH 17, 2020

Gartner research shows that companies that continued to increase earnings while others declined in 2009 and 2010 were those that were able to keep their foot on the gas through the downturn because they had planned responses in advance. Will your company merely survive it, or will you keep your foot on the gas and surpass expectations?

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Supply Chain Management and Analytics

APRIL 28, 2021

”, “What did the company do insufficiently? Why should we consider Promotion Management in Inventory Management? Retail companies, whether it be e-commerce, brick-and-mortar, or both, care about the inventory they keep. No company is willing to stay a step behind their competitors.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimal Sourcing Inventory Management 52

Logility

NOVEMBER 28, 2023

And the better the plan, the better we can be as a company in creating revenue, reducing market capital, and reducing costs. By moving beyond conventional, backward-looking methods, planning can forecast demand and inventory at the speed of the market. “If AI can help with that.”

S&OP 130

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

The Logistics & Supply Chain Management Society

JULY 16, 2023

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. Written by logistics leaders who are practitioners in their respective companies, it aims to stimulate thinking on how shippers or BCO’s could view business continuity and risk in the current environment.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

RFgen

JANUARY 16, 2023

The product starts with Coca-Cola, which sells the necessary components to bottling manufacturing companies. With over 225 bottling partners worldwide and over 900 Coca-Cola bottling plants, this localized approach allows the company to deliver a drink from the factory straight into the hands of a customer with ease. Quality control.

Supply Chain Planning Software 52

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

BlueYonder

MAY 30, 2024

As vehicles become more connected, autonomous, electric, and customizable, automotive manufacturers are increasingly evolving into technology companies. Unlike traditional manufacturers, technology companies operate with greater agility and responsiveness. This necessitates manual rescheduling and expedited procurement of parts.

Conference 91

Conference Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction Strategies 91

SCMDOJO

APRIL 22, 2024

Causes of Supply Chain Disruptions Extreme weather events Extreme weather events like hurricanes or flooding can have an impact on how supply chains around the world operate. Among surveyed respondents, nearly 97% of industrial product companies saw disruptions during the pandemic.

Inventory Reduction 80

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 80

Supply Chain Shaman

AUGUST 12, 2020

The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. Putting all companies in a spreadsheet and shaking them up made no sense to me. During the presentation, I squirmed uncomfortably in my seat. The reason?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

SCMDOJO

APRIL 29, 2024

By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability. It encompasses activities such as procurement, supplier selection, and evaluation. Warehousing: Warehousing involves the storage and management of inventory.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

Logistics Viewpoints

MAY 3, 2023

And finally, how do you recommend a company start this journey, and what advice can you give for the future? Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. Companies need to truly understand what they’re buying to leverage the power of their data.

Supply Chain Design 168

Supply Chain Design Supply Chain Planning Supply Chain Supply and Demand 168

Proxima

MARCH 9, 2022

Costs in the supply chain have been rising for some time now and, more worryingly, those increases show little sign of abating, particularly given the ongoing events in Ukraine. At a time when operating costs and balance sheets are already under pressure, the last thing businesses need is shortfalls, process waste, or excess inventory.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. It offers unparalleled visibility, traceability, and disclosure – the true essence of each product’s journey from origin to delivery,” says Vethuizen at this year’s inNOWvate Supply Chain Event.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Shaman

FEBRUARY 28, 2021

The gap between what companies need and what is available has never been higher. Companies are hanging their hats on marketing buzzwords, not innovation. Companies want to make better decisions faster. Within companies, there is a river of demand with multiple parties using data within their individual roles. The reason?

Supply Chain Planning Software 381

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 381

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. These are the companies and leaders that aren’t letting a good downturn go to waste. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Waste Reduction 198

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 198

ivalua

SEPTEMBER 19, 2022

years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions. Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. .

Supply Chain Risk Management 130

Supply Chain Risk Management Risk Management Inventory Reduction Cost Reduction Strategies 130

Logility

JUNE 15, 2021

Food and beverage companies can use demand sensing to predict sudden market trends and prepare for actual supply needs. How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success. Advanced inventory management. Supply chain data management.

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

Resilinc

APRIL 30, 2024

As air and ocean surface temperatures rise, the likelihood of extreme weather events increases. From 2022 to 2023, extreme weather events grew 4.5%—a From 2022 to 2023, extreme weather events grew 4.5%—a Climate change is expected to increase the frequency of La Niña events in the coming decades.

Supply Chain Software 90

Supply Chain Software Supply Chain How To Forecasting 90