Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. Instead, the focus was on error assuming that items at a location level (SKU) were forecastable. Old habits die hard.) The reason? Measurement.

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Logistics Viewpoints

MAY 23, 2024

However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.

Modeling 217

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 217

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. So, I asked the questions, “Is your data forecastable?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network. Robust Inventory Management.

Modeling 130

Modeling Inventory Reduction Supply Chain Optimization Packaging 130

ToolsGroup

JUNE 6, 2023

With Demand Planning & Forecasting , Inventory Optimization , and Replenishment , the company is now equipped with an automated, AI-driven supply chain. Aided by ToolsGroup’s built-in probabilistic forecasting, D.I.MAR can anticipate market changes and adapt quickly to satisfy customer demand regardless of uncertainty.

ToolsGroup 156

ToolsGroup Supply Chain Software Supply Chain Planning Software Supply Chain Optimization 156

Enterra Insights

JUNE 22, 2022

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. .” However you define inflation, the world has entered an inflationary period.

Inventory Reduction 130

Inventory Reduction Inventory Prescriptive Analytics Software Inventory Management Software 130

EazyStock

JULY 7, 2020

COVID-19 has had a profound impact on global marketplaces, with customer demand and inventory supply more erratic and complex than ever before. In this blog series we look at how inventory optimization tools , such as EazyStock, can support inventory management teams. COVID-19 and Demand Forecasting Challenges.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

RFgen

APRIL 30, 2024

The answer lies in modern inventory management best practices. Specifically, the use of perpetual inventory systems. What is a perpetual inventory system? Perpetual inventory management relies on technology to track inventory with timely data and a high degree of accuracy. Wonder no more.

Inventory Management Software 80

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

ToolsGroup

MARCH 1, 2018

Employing machine-learning based forecasting tools, retailers can predict potential sales at the front-end of the assortment planning process. In retail, the governing axiom is having the right amount of stock in the right store at the right time. Future-proof Replenishment. Engineer Profit.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

ToolsGroup

AUGUST 1, 2017

Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. But I have to differ with the conclusions of a recent report, “ Cover Considerations — How to Optimize Retail and Consumer Product Inventory Targets.”. Frequency of placing orders - Connecting order frequency to inventory needs.

Optimal Sourcing 180

Optimal Sourcing Modeling Inventory Gartner 180

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. A supply chain planning model learns when the planning application takes an output, like a forecast, observes the accuracy of the output, and then updates its own model so that better outputs will occur in the future.

Optimal Sourcing 284

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 284

ToolsGroup

APRIL 13, 2020

If you do the math there, you have to make 748,000 inventory decisions per month. So our main task now is to consolidate all the purchase and inventory decisions in one team. Rafael: The main two challenges we’ve had are volume, in our case reduction, and the forecast uncertainty. Decisions were made within 24 hours.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Optimization 296

Logistics Viewpoints

MAY 31, 2024

The company used the drone to complete autonomous inventory checks of the warehouse’s higher shelves. Ericsson said the project showcases the potential of drones for autonomous barcode scanning and inventory management.

Logistics Network Optimization Software 196

Logistics Network Optimization Software Negotiating Skills Supply Chain Planning Software Logistics 196

Supply Chain Shaman

FEBRUARY 14, 2022

Tight coupling of the supply chain forecast to the financial forecast will improve value. 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 Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Demand planning is a key requisite for holistic supply planning as it involves building an accurate forecast of future demand based on supply drivers, to meet customer needs as precisely as possible. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Supply Chain Shaman

JULY 15, 2021

Very roughly, rich-country governments paid out 90 cents for every dollar of lost output. The realization of the cost to state and local governments is just beginning. Forecast logistics and hold yourself accountable. Use market signals to forecast shipments by lane and by mode. Globally, 39.3% Focus Outside-in.

Supply Chain Design Software 370

Supply Chain Design Software Supply Chain Planning Software Price Reduction Forecasting Software 370

Logility

OCTOBER 25, 2022

Accurate Forecasts, Lower Supply Costs, and Faster Cash-to-Cash Cycles . These high-performing companies weather supply chain disruptions better, make speedier decisions, and perform more accurate forecasting. AI can help you improve demand forecasting and inform integrated business planning (IBP). Procurement. Production.

Supply Chain Software 130

Supply Chain Software Optimal Sourcing Supply Chain Planning Software Modeling 130

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 369

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 369

ToolsGroup

MARCH 26, 2024

The visualization and scenario planning of the physical and financial value chain overlaid with a digital representation of the actual flow of goods enables us to utilize longer-term strategic supply chain design variations and optimize inventory and service levels.” “Our

ToolsGroup 156

ToolsGroup Network Design Software Supply Chain Design Software Supply Chain Planning Software 156

AIMMS

OCTOBER 17, 2023

Overlooking sustainability can present substantial revenue risks, while embracing ESG (Environmental, Social, and Governance) principles can unlock a $2.1 Regulatory Compliance: Governments worldwide are implementing stricter environmental regulations, making compliance not just an ethical obligation but a legal one.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Supply Chain Shaman

JUNE 24, 2022

The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In Reward functional behavior with less clarity on governance. Toilet Paper.

Supply Chain Planning Software 392

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 392

Logility

MARCH 16, 2023

Higher interest rates and materials prices are increasing the costs of carrying inventory. And rapid shifts in market demand always leave someone holding excess inventory. Detect market shifts with demand sensing The goal of demand sensing has always been to do better than traditional forecasting at short-term planning.

Network Design Software 130

Network Design Software Network Design Supply Chain Design Network Optimization 130

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

Logility

JULY 31, 2023

Companies find their tried-and-true forecasting methods falling short in navigating the stormy seas of demand volatility and supply chain risk. What if there’s a sudden change in government regulations affecting the supply chain? This reduces the risk of stockouts or overstocks, ensuring you maintain an optimal inventory level.

S&OP 130

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

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. Demand forecasting is a means to not just anticipate demand, but also strengthen systems that cater to this demand. Projected stock levels .

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

Logistics Viewpoints

JANUARY 22, 2024

It is commonly believed that Europe leads the US in environmental, social, and governance legislation and enforcement. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order. Rules were used to make these decisions.

Supply Chain Optimization 236

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 236

ToolsGroup

APRIL 25, 2019

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. The forecast generated by these algorithms degrades as the demand patterns evolve over time.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Supply Chain Shaman

JUNE 29, 2022

The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 259

Supply Chain Shaman

JUNE 9, 2023

A Focus on Safety Stock Is Too Narrow for Effective Inventory Management. A manufacturing company’s safety stock is 30-40% of the total inventory requirement. The form and function of inventory need to be addressed holistically, and this requires much, much more analysis than probabilistic forecasting. The reason?

Optimal Sourcing 336

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 336

The Logistics & Supply Chain Management Society

AUGUST 15, 2021

She believes that a central Inventory System that manages all incoming & outgoing transactions and orders will provide a single source visibility, overcome some of her teething problems, and increase productivity in the Order to Fulfilment process. Let us go back to building the new add-ons or the Inventory System.

Supply Chain Design Software 246

Supply Chain Design Software Forecasting Software Predictive Analytics Software Modeling Software 246

ThroughPut

APRIL 30, 2024

The platform is designed to enhance inventory management and provide accurate demand planning and forecasting, crucial for optimizing supply chain efficiency. Blue Yonder: Comprehensive Supply Chain Planning Solutions Blue Yonder is an omnichannel planning platform that enables order fulfillment.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Logility

DECEMBER 20, 2022

Governments may start to intervene 1. So far, governments have left companies to manage the supply chain challenges on their own – for the most part. Some posit that governments are more likely to intervene in 2023 to address issues caused by the ongoing geopolitical events and rising inflation. We are advising clients to: .

Optimal Sourcing 130

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 130

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. First, to launch on government approval of a new drug.

Supply and Demand 195

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 195

Logistics Viewpoints

NOVEMBER 7, 2022

It is difficult to forecast dropping demand. Inventory write downs are common. So, if a recession appears likely, companies need to error on the side of a conservative forecast, be prepared to lay off workers sooner rather than later, and start drawing down their safety stock inventory. ESG Compliance.

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Design Software Vendor Strategies Supply Chain Software 214

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We Changes to the plan are based on changes to the forecast, manufacturing capacity, supplier constraints, and a host of other factors. The company has over 300,000 products.

Supply Chain Transformation 196

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 196

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 247

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 247

Supply Chain Shaman

AUGUST 12, 2022

Analyze the Coefficient of Variation (COV) at different points in the demand hierarchy to understand forecastability, and analyze the bias, FVA and latency of the current plan. He was also unaware of how to measure Forecast Value-Added, the Bullwhip impact and the health of inventory. Hire a consultant to help.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 195