Supply Chain Shaman

FEBRUARY 13, 2020

My friends would tell me to relax and get my Groove on b ut, I find myself deep into a presentation for a client’s design thinking session next week. It is useful to analyze demand data to understand “forecastability” and randomness. Not all data is forecastable, and not all demand optimization engines are equal.

Optimal Sourcing 242

Optimal Sourcing Modeling Forecasting Supply and Demand 242

Logility

FEBRUARY 7, 2023

The computer chip shortage impacting the auto industry was capacity related – fires in a manufacturing plant, not enough factories to produce the chips due to increased demand, and limitations within the industry to accurately forecast demand for various types of chips meant many carmakers were forced to suspend production.

Optimal Sourcing 142

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 142

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

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

Logistics Viewpoints

FEBRUARY 2, 2023

3PLs can quickly assess client-level profitability via accurate cost-to-serve metrics and analytics on demand while creating a verifiable audit trail of events and charges that reduce potential credit settlements and contribute to customer satisfaction.

Supply Chain Planning Software 206

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 206

Elementum

SEPTEMBER 6, 2022

Five Supply Chain Management Challenges in 2022 The last two years have caused endless disruptions to supply chains, but have also presented an opportunity to diversify and think creatively. Uncertain Forecasting Another core problem is forecasting, which is a fundamental requirement for all supply chain managers.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. There must be a clearly defined data source with a standardized process for collecting and measuring that data. These types of metrics are Sales KPIs, Receiving KPIs and Operational KPIs. Sales KPIs.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

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. Then analyze Forecast Value Added (FVA).

Supply Chain Design Software 254

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

Supply Chain Shaman

NOVEMBER 14, 2016

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

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 Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

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

SupplyPike

MAY 19, 2020

Category Consistency: Application of OVT does away with almost 20% discrepancy between a category advisor’s custom hierarchy metrics and Walmart’s parameters of performance. Walmart has selected Nielsen for its source of POS data. This consistency is a time-saver and builds mutual trust. Check out our full suite of software solutions

Data 98

Data Procurement Analytics Analytics Software Forecasting Software 98

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. In the OnDemand platform, some brands can also access a Supply Chain Scorecard that shows metrics including Days of Supply and Days of Supply Goal.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Taulia

JUNE 26, 2023

Stages of the supply chain A supply chain represents the flow of goods, materials, and services that underpin business operations, from sourcing raw materials to delivering finished goods. During this step, you first need to decide on supply chain objectives and specify the metrics that will be used to monitor progress toward them.

Supply Chain Planning Software 52

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

Silvon Software

APRIL 8, 2022

To achieve this growth, successful manufacturers today are relying on key performance metrics and automating many aspects of their data management processes to gain valuable business insights that can be used to meet their organizations’ performance goals. The Basics of Manufacturing KPIs. 40 Manufacturing KPIs That Drive Results.

Optimal Sourcing 119

Optimal Sourcing Manufacturing Procurement Price Mitigation Strategies Supply Chain Optimization 119

NC State SCRC

JANUARY 16, 2024

While these are certainly worthwhile objectives, the report is long on presenting problems the US faces in each of these areas, but falls short of providing basic or actionable recommendations. There is also little consideration of what it takes to truly establish domestic sourcing capabilities. This does not exist today.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

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

NOVEMBER 28, 2016

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

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.” Source: Nielsen Product Insider, 10/20/2018. I care about the environment and doing what I can to minimize my impact.

Supply Chain Planning Software 133

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

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. Improving Forecast Accuracy. Determine the Metrics That Matter. Source: Arkieva.

Supply Chain Planning Software 60

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

ThroughPut

FEBRUARY 15, 2023

Inventory forms a major part of your supply chain efficiency metric as it points directly to your ability of keeping sufficient stocks at a given point in time. Inventory optimization aims at arriving at the right amount of inventory that is sufficient to meet present and future demand forecasted using demand optimization techniques.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Supply Chain Game Changer

JANUARY 5, 2021

For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric? When PPV uses forecasted prices and volumes it is measure of projected PPV for future purchases.

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

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

Unleashed

JANUARY 14, 2024

This includes key activities such as the forecasting, ordering, receipt, storage, and auditing of inventory items. Raw materials Raw materials inventory is the basic inputs used to produce finished goods and one of the biggest sources of inventory waste in manufacturing. Implement quality control measures to prevent defects or rework.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

BlueYonder

NOVEMBER 19, 2021

One arrow showed the flow of customer demand from the source to the supplier, while the other showed the flow of goods from the supplier to the customer. A modern supply chain is more than the efficient movement of optimized inventory downstream to meet forecasted customer demand. And completely the opposite of reality. Why is that?

Supply Chain Planning Software 88

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Design Software 88

Supply Chain Shaman

JUNE 6, 2015

Most business leaders do not realize that with the increasing long tail of the supply chain that the forecastability–the ability to forecast the supply chain–is getting worse. As a result, we can push and push on forecasting processes and not drive improvement. 3) The rate of change in business is accelerating.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

ThroughPut

NOVEMBER 28, 2023

Data integration capabilities: Your supply chain generates data from various sources – inventory systems, production lines, transportation networks, etc. Top-tier analytics software should seamlessly integrate data from these disparate sources, offering a unified view of your entire supply chain.

Prescriptive Analytics Software 52

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

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

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. To off-trade or not to off-trade?

Supply Chain Planning Software 98

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

Unleashed

OCTOBER 16, 2023

Demand forecasting tools , accurate inventory reporting and an optimised warehouse layout can all help improve your inventory planning. Demand forecasting – Demand forecasting involves determining the approximate quantities of stock you’ll need for a future period based on historical performance and other factors.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. Market Drivers.

Material Savings 195

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 195

Supply Chain Shaman

SEPTEMBER 17, 2014

Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. I then finished a forty-minute presentation, and prepared for questions. Supply Chain Design.

Optimal Sourcing 313

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 313

Unleashed

JANUARY 10, 2023

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. Either way, the first thing you should do is establish metrics and KPIs. This will ensure your business is running at maximum profitability.

Supply Chain Planning Software 52

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

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. “Size up your opportunities. ” Start small.

Supply Chain Planning Software 100

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

Alloy

JANUARY 6, 2021

I believe that siloed data, siloed teams and inflexible legacy systems present the biggest hurdles in supply chain optimization. You can dynamically adjust layout, content, metrics and time dimensions, in real time. From your experience, what are the biggest challenges for companies trying to optimize their supply chain? .

Alloy 98

Alloy Supply Chain Planning Software Supply Chain Design Software Analytics Software 98

Taulia

JULY 5, 2021

We’ll conclude by evaluating the advantages of VMI for buyers and suppliers and present Taulia’s enhanced VMI offering. As buyers source components from several suppliers, they often implement a VMI program at a third-party warehouse near the production or assembly location. What is Vendor Managed Inventory? How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

ThroughPut

AUGUST 12, 2021

S&OP helps to align demand with supply and avoid metrics of losses that are presented through insufficient supplies or excessive inventories. Demand can also be forecasted accurately through sophisticated data models and analytics. Step 2 – Demand Forecasting. Higher profitability and revenue predictability.

Supply Chain Planning Software 52

Supply Chain Planning Software S&OP Inventory Reduction Scenario Planning 52