Supply Chain Shaman

FEBRUARY 26, 2024

On Friday, I presented an overview of outside-in planning to a consulting group. I love the questions when I present. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency. Start by analyzing your Forecast Value Added by demand stream. The reason?

Modeling 215

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 215

Logility

JANUARY 13, 2022

A live webcast of the presentation will be accessible via American Software’s website and archived for a limited time at www.amsoftware.com/investor-relations. Date: Wednesday, January 19, 2022. Time: 10:00 am ET. Demand Management, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Optimization Software Analytics Software 130

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. Importance of Demand-driven Replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

ThroughPut

JUNE 12, 2023

Forecasting has forever been at the heart of efficient supply chain operations – driving the much needed predictability to source raw materials, manufacture products and fulfill customer needs at the right time, right place and in the right quantity. Clearly, supply chain forecasting has become more complex.

Forecasting 52

Forecasting Sourcing Strategies Agile and Lean Supply Chain Cost Reduction Strategies 52

BlueYonder

JULY 15, 2021

When I’m considering whether to risk cleaning my bike after a ride, I rely on a weather forecast that may or may not materialise. I don’t question whether the forecast is right, I accept that it is uncertain; sometimes it rains, sometimes it doesn’t. Planning inventory relies on an accurate demand forecast.

Forecasting 56

Forecasting Forecasting Software Supply and Demand Modeling 56

ToolsGroup

NOVEMBER 9, 2023

With ToolsGroup’s AI-powered demand forecasting, the plant-based food innovator revolutionizes its supply chain, maximizing accuracy, speed, and business performance. ToolsGroup has been an invaluable partner, helping us drive growth and achieve greater efficiency through automation while reducing inventory 10%.”

ToolsGroup 156

ToolsGroup Supply Chain Transformation Supply Chain Planning Software Optimal Sourcing 156

ToolsGroup

JULY 26, 2022

Prestigious award presented by Microsoft at the Inspire event. Each year, Microsoft presents the MS Partner Awards to partners who have excelled throughout the year, both in results and collaboration with Microsoft. It was announced at Inspire 2022, the annual event dedicated to the Microsoft partners ecosystem.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Logility

NOVEMBER 28, 2023

The transformation of planning, sensing, and forecasting A key area in the S&OP process where AI is particularly transformative is demand. By moving beyond conventional, backward-looking methods, planning can forecast demand and inventory at the speed of the market. AI can help with that.”

S&OP 130

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

Supply Chain Shaman

JUNE 21, 2023

Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. The audience assumes that the presenting company is outperforming. Watching the presentations, I wonder how we became so laser-focused on such a limited view of risk.

Gartner 391

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 391

Logistics Viewpoints

JANUARY 11, 2024

If you can’t see what’s truly going on at any moment in time across your supply chain, you’ll make yourself vulnerable to lost opportunities, lost income, lost inventory, lost shipments, and eventually, lost customers. Our mission and core values are the foundation of our culture and guiding source in our interactions. So, what next?

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Network Software Analytics Software Forecasting Software 232

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

ToolsGroup

JANUARY 19, 2024

However, the industry is not immune to the risk of oversaturation, as highlighted by Marc J Metrick, CEO of Saks Fifth Avenue, who humorously noted that his Corporate communications team makes him mention AI in every investor presentation. Industry leaders such as Walmart’s U.S.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Optimization Software Forecasting Software 156

Logistics Viewpoints

JUNE 21, 2023

In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. Simply put, supply chain operations are under strain with pressures coming from multiple sources. And they must be capable of adapting to various demands.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 238

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. And digitalization is more than present. Check out the video below. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

Supply Chain Shaman

SEPTEMBER 22, 2021

Allyson Hatfield, demand planner at MARS Petcare presented. At the end of the presentation, I asked Allyson her perspective on open source analytics. ” I said internally to myself and quickly rebounded to thank her for a great presentation. Allyson’s presentation was just that. ” “Oops!,”

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

AB&R

NOVEMBER 20, 2023

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. The data captured will provide actionable insight into your stock, whether it be for forecasting or locating purposes. HAVE QUESTIONS?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Logility

MARCH 6, 2024

It looks at past and present data and organizes the information into clear patterns. It uses historical information to make forecasts about the future. Prescriptive analytics considers the present situation, meshing current data with simulation algorithms to answer, “What should we do?”

Prescriptive Analytics Software 183

Prescriptive Analytics Software Analytics Software Predictive Analytics Supply Chain Planning Software 183

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Precoro

DECEMBER 11, 2023

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

ToolsGroup

NOVEMBER 6, 2018

Source: Gartner Supply Chain Executive Conference. P&G knew that it needed to improve its S&OP forecast quality, while reducing the human effort and inventory needed to meet customer service levels. In their worlds, cash is king and inventory is only viewed as a financial measure.

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Gartner 232

Supply Chain Shaman

OCTOBER 12, 2017

He is a great thinker on inventory planning and demand management.I I get the fact that today’s forecasts are not good enough to drive replenishment, and that rules-based consumption to translate monthly demand to daily demand was a mistake. In my simple mind, I think of this as a forecast… ).

Supply Chain Planning Software 307

Supply Chain Planning Software Forecasting Software Demand Planning Software Supply Chain Software 307

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. Ask the group what is possible?

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 254

Logistics Viewpoints

APRIL 22, 2024

But for that to occur, all of the dominos must fall into place: the product must be available to promise, there needs to be enough shipping capacity, and there needs to be an understanding of how inventory will be moved between mills and distribution centers.

Georgia 228

Georgia Optimal Sourcing Modeling Modeling Software 228

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Taulia

JULY 5, 2021

VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. This article elucidates VMI, starting with a concise definition before discussing the difference between VMI and traditional inventory management. What is Vendor Managed Inventory? How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Supply Chain Shaman

FEBRUARY 16, 2024

” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency. The discussions are full of vacuous presentations and over-hyped promises. Forget the concept of a junior planner.

Supply Chain Planning Software 408

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 408

AB&R

APRIL 12, 2022

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. The data captured will provide actionable insight into your stock, whether it be for forecasting or locating purposes. HAVE QUESTIONS?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Shaman

OCTOBER 8, 2019

The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? The supply chain forecast is a rolling forecast.

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

ToolsGroup

JULY 12, 2016

Planning is becoming increasingly complex; not only due to the increasing demand and supply chain complexity, but also due to the wide range of new data sources such as channel data, retail data and even web data - nearly all of which wasn’t available years ago. At Kronans Apotek, 310 pharmacies were managing inventory locally.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Software Gartner Supply Chain Planning 240

Logility

NOVEMBER 13, 2020

Causal f orecasting shines a light on , and isolates, actual demand signals from market “chatter,” thus improving forecast quality. You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. .

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

ToolsGroup

APRIL 11, 2018

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). There was limited alignment between regional forecasts and there could be potentially different planning methods and parameters in each unit.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Such quality validation is crucial, as a seemingly simple mislabeling of a product category could potentially lead to, for example, a 10% inefficiency in demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52