Kinaxis

FEBRUARY 5, 2015

by Melissa Clow Our partner Celestica recently published the following article, ‘What If You Could Take The Guesswork Out Of Forecast Planning?’. The factors which impact demand management and forecasting are nearly endless. In this scenario, a forecast bias was created and it led to an order of 200 additional widgets.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

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. The demand latency for a semiconductor manufacturer is 180-220 days, while a chemical manufacturer has a latency of 150-280 days.

Supply Chain Design Software 195

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

Unleashed

MAY 31, 2024

The sell-through rate metric can help you predict demand for your product by telling you how much of your purchased inventory is being sold within any given period. This metric is vital for product businesses, as it helps identify sales trends, manage inventory levels, and maintain an efficient supply chain.

Inventory Reduction 52

Inventory Reduction Price Reduction Procurement Analytics Waste Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. 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. Let’s take an example.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Unleashed

JUNE 7, 2023

The inventory optimisation process “After three years of pandemic disruption and economic volatility, sharpening demand forecasts and inventory planning across industries seems both as imperative and challenging as it has ever been.” Demand forecasting software. Let’s explore some key inventory optimisation techniques in depth.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Inventory accuracy. Revenue per unit.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Unleashed

OCTOBER 16, 2023

Every manufacturer knows the importance of raw materials – without them, there’s no final product. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. Let’s dive in. 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 Matters

FEBRUARY 27, 2024

The ability to ramp up and sustain manufacturing output is a further challenge in order to generate needed cash to sustain operations. While progress was indicated against key business performance metrics, investors prompted a reported 25 percent decline in the company’s stock value. A lot has occurred since that forecast.

Supply Chain Design Software 52

Supply Chain Design Software Expense Reduction Price Reduction Supply Chain Strategy 52

Logility

JANUARY 12, 2021

There is a continuum in terms of the presentation of data that allows for continuous sophistication in understanding and interpreting data. For instance, a modern report for a manufacturer might display all the data about transportation providers as usable information, in a scorecard format.

Prescriptive Analytics Software 130

Prescriptive Analytics Software Supply Chain Planning Software Analytics Software Predictive Analytics Software 130

IQMS

JULY 11, 2019

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Reducing supply chain forecasting errors by 50% and lost sales by 65% with better product availability is achievable with machine learning. The World Economic Forum (WEF) and A.T.

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

The Supply Chainer Report

NOVEMBER 13, 2019

Despite using leading-edge technology -the increasing number of complexities and the exponential growth of demand – makes Inventory control one of the top priorities for Drug’s manufacturers. Starting from your Suppliers, passing through the manufacturing process and finishing with your product arriving to Customers.

Material Savings 40

Material Savings Forecasting Procurement Analytics Inventory Reduction 40

Arkieva

JANUARY 27, 2017

From talks of an autonomous supply chain, a robotic takeover, drone deliveries in 30 minutes or less; the future of supply chain management presents businesses with the opportunity to transform their processes into a competitive advantage. This looks at all the businesses’ current manufacturing and supply chain processes.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 60

American Global Logistics

SEPTEMBER 12, 2023

Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services. Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Supply Chain Shaman

SEPTEMBER 3, 2015

Before the benchmarking work, I believed that companies that were better forecasters would be better at inventory management. There are two buffers in the supply chain: inventory and manufacturing capacity. Forecast Consumption Logic is an Opportunity for All. This is no longer my belief. Rising Volatility.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Unleashed

MAY 22, 2022

Forecasting demand Forecasting demand is a key – perhaps the key – action you can take to scale your business and pre-empt supply chain problems. If your business is operating in different areas – perhaps different countries – it’s about refining your forecast to each of these. The lesson? Three Spirits’ solution?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 98

Supply Chain Shaman

AUGUST 2, 2017

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Reporting Structure.

S&OP 155

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 155

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

SEPTEMBER 17, 2014

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. I then finished a forty-minute presentation, and prepared for questions. What percentage of retail out-of-stocks could be prevented by the manufacturer in these industries?

Optimal Sourcing 306

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 306

Supply Chain Shaman

AUGUST 2, 2017

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Reporting Structure.

S&OP 152

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 152

Logility

DECEMBER 2, 2020

Just to level set, the Brundtland Commission defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Is it enough to be eco-friendly in some processes, like transportation or manufacturing, to qualify your company as being Green?

Supply Chain Planning Software 133

Supply Chain Planning Software Sourcing Strategies Supply Chain Planning Scenario Planning 133

Supply Chain Shaman

AUGUST 14, 2016

It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. An example of social listening is the Lenovo Case Study presented at the 2015 Supply Chain Insights Global Summit. The sharing forecasts in supplier relationships is of little value. Market Drivers. Demand Sensing.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

Unleashed

JANUARY 10, 2023

Supply chain planning is the process of optimising the delivery of goods and services from manufacturer to consumer. It aims to balance supply and demand through accurate forecasting, ensuring maximum revenue and minimal spending. Without it, you’ll struggle to forecast lead times and supply chain costs.

Supply Chain Planning Software 52

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

Supply Chain Opz

JUNE 1, 2014

In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented. Manufacturing systems and regulatory compliance are considered to be very complex, coupled with the limited number suppliers due to the high barriers to entry.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Enterra Insights

JULY 28, 2020

.”[2] The explain, “Traditional supply chains, reliant on manual processes, simply cannot keep up with the pace of today’s market; the processes for balancing inventories and forecasting used ten years ago are quickly overwhelmed. If we get it right, there’s an opportunity to transform the business.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Inventory Reduction 100

Supply Chain Shaman

APRIL 7, 2016

On Monday, I would speak in Orlando Florida at the Terra Technology event; and on Wednesday, present the keynote at the Logistic Summit & Expo in Mexico City. I am a manufacturing gal by training. 2) Market-Driven Forecasting. So, what are the market signals to model to forecast demand at the cadence of the market?

Supply Chain Design Software 150

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

Vinculum

JUNE 3, 2020

This tracking includes sales forecasting, product ordering, supply chain & warehouse management, and customer fulfillment solutions. Being a component of supply chain management, inventory management tracks the flow of products from manufacturers to warehouses and gradually to point of sale. Increases your profit.

Inventory Management Software 59

Inventory Management Software Forecasting Software Supply Chain Planning Software Demand Planning Software 59

Taulia

OCTOBER 20, 2021

This encompasses sourcing raw materials from suppliers, the movement of materials through the relevant manufacturing operations, and the distribution of finished goods to consumers. While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Cash flow forecasting.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

The Logistics & Supply Chain Management Society

APRIL 26, 2022

This is forcing organisations to change the way business and logistics management are being handled to improve forecast accuracy, ensure compliance, reduce costs of goods and to handle delays effectively. The risks, therefore, expand 10-fold for businesses reliant on limited, distant, and increasingly unreliable suppliers.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Shaman

OCTOBER 29, 2014

Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet. The audience listening to these presentations does not have the courage to raise their hands and ask the question, “How do you define demand-driven value networks?

Supply Chain Planning Software 317

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 317

SCMDOJO

AUGUST 4, 2023

By having a leaner inventory, you can better forecast demand and ensure that you have enough stock to meet customer needs without overstocking. But times are changing, the use of reduce inventory offers more quality and useful performance metrics. Forecast Seasonal Demand – The customers are always around during seasonal demands.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

Logility

NOVEMBER 20, 2015

Just to level set, the Brundtland Commission defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” To help prove my point, let’s take a look at three examples: distribution, forecast accuracy and scenario planning.

Scenario Planning 101

Scenario Planning Supply Chain Planning Software Inventory Reduction Forecasting 101

Taulia

JULY 5, 2021

We’ll conclude by evaluating the advantages of VMI for buyers and suppliers and present Taulia’s enhanced VMI offering. Consequently, the supplier manages the upstream supply chain to the point of delivery to the buyer, and it’s the buyer’s responsibility to provide accurate, timely information for forecasting. How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Logility

JANUARY 22, 2014

I am not alone in the opinion ( see Red Wing Shoe Company webcast, Are Spreadsheets Sabotaging Your Forecast ) that spreadsheets may not be the path to supply chain success. These low scorers report forecast inaccuracy, and demand planning as their biggest headaches. Firstly, some ChainLink research data.

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

Logility

FEBRUARY 23, 2022

Logility also announced a partnership with Planalytics to identify, quantify and apply weather-driven demand calculations to business planning and forecasting. Logility is committed to doing so through the corporate responsibility solution within the Logility® Digital Supply Chain Platform that was launched earlier in the year.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

ThroughPut

NOVEMBER 12, 2020

Whether manufacturers rely on ground, rail or sea to reach end-customers, the extent of disruption is unprecedented and this creates a need to rethink their warehouse fleet and carrier strategies. McKinsey suggests that warehouse operations can be critical in presenting an untapped improvement opportunity in the supply chain.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

QAD

JUNE 2, 2020

Digital transformation continues to gain momentum in manufacturing. Real-world results include: An industrial manufacturer relied on manually intensive cost calculations and forecasts leading to delays and errors. The company was also in a situation where it was difficult to define and monitor production metrics.

Manufacturing 108

Manufacturing Material Savings Real-time Visibility Waste Reduction 108