Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

EazyStock

MARCH 14, 2023

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

MAY 30, 2019

My forecast? When the recession of 2019-2020 happens, the whiplash will be higher than the 2007 recession. Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes. Current Levels of Inventory.

Inventory Reduction 197

Inventory Reduction Waste Reduction Cost Reduction Strategies Sourcing Strategies 197

The Logistics & Supply Chain Management Society

JULY 20, 2020

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. Pricing decisions can be integrated with demand and supply planning. In a crisis economic factors are critical.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

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%. I remember December 2007 like yesterday.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

E2open

AUGUST 24, 2018

So when store supplies for the company’s retail partners are out of synch with production forecasts it can have a very real impact on the $20.8 Empty shelves send impatient buyers to competitors’ products, while too much inventory can result in unwanted carrying costs. Why is forecast accuracy such a big deal for Kimberly-Clark?

Supply and Demand 60

Supply and Demand Inventory Reduction Forecasting Cost Reduction Strategies 60

Enterra Insights

MAY 6, 2020

The grim forecast underscored the magnitude of the shock that the pandemic has inflicted on both advanced and developing economies and the daunting task that policymakers face in containing the fallout.”[2] There have been eight official recessions (including the one that began in December 2007) in the last 50 years. ”[5].

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Material Savings Supply Chain Planning Software Supply Chain Strategy 100

AB&R

NOVEMBER 20, 2023

The initiative was officially put on hold in 2007 as a result. 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. Ultimately, though, tags were expensive, and the technology was not reliable enough.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Shaman

AUGUST 14, 2016

A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. The focus is on channel data: price; inventory positions; and policies. We then began the discussion on outside-in processes. Market-Driven Processes.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Herlitz Inventory Management

JULY 7, 2021

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. War on Terror.

Pricing Training 52

Pricing Training Purchasing Training Negotiating Skills Inventory Management Software 52

Supply Chain Shaman

MARCH 8, 2016

The initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition). In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Bristlecone

MARCH 31, 2020

The financial crisis of 2007-08 was referred to as a black swan event because it caused catastrophic damage to the global economy and triggered widespread disruption to people’s lives. Increasingly, businesses are driven by the need to improve productivity, minimize costs, reduce inventory and drive up asset utilization.

Modeling 52

Modeling Supply Chain Planning Software Optimal Sourcing Supply Chain Software 52

Arkieva

MARCH 2, 2016

Dale Davidson, famed economist who predicted the economy collapse of 1999 and 2007 warns, “Don’t imply that a 50% collapse is looming – it’s already at our doorstep.” Too much inventories placing pressure on cutting prices to retain sales. Take, for example, forecasting improvements. Worse margins driven by too little demand.

Supply Chain Planning 60

Supply Chain Planning Scenario Planning Inventory Reduction Supply Chain Strategy 60

GlobalTranz

MAY 13, 2015

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 Benefits from its supply chain efficiency result in time savings, more cost-effective inventory management and improved product forecasting, the article said.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

APRIL 7, 2016

It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. 2) Market-Driven Forecasting. Inside-out, traditional processes forecasting processes use statistical methods to predict the future based on order and shipment patterns. I am not quite sure. It evolved over time.

Supply Chain Design Software 150

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

Supply Chain Shaman

JUNE 26, 2016

Inventory Turns. Better performance in inventory turns than the peer group average for the period of 2006-2015. If you trace the year-over-year pattern, you can see that P&G made progress on inventory turns and operating margin 2006-2007, 2009-2010. Operating Margin. Return on Invested Capital (ROIC).

Supply Chain Design Software 191

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 191

AB&R

APRIL 12, 2022

The initiative was officially put on hold in 2007 as a result [2]. 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. Ultimately, though, tags were expensive, and the technology was not reliable enough.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

Experts and pundits are forecasting wholesale changes to every industry and every part of life, but only a minority of these forecasts of massive, permanent change will bear out. Others are wishful thinking on the part of ideologically or emotionally motivated forecasters,” writes the firm on their website.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Modeling 100

Kinaxis

DECEMBER 11, 2015

Avaya has been a Kinaxis customer since 2007 and has generated tremendous value from the use of RapidResponse. Over the past several years we have focused on either configuring RapidResponse to help us manage supply, demand, S&OP, product cost reduction and most recently inventory.

Supply Chain Design Software 100

Supply Chain Design Software Analytics Software Supply Chain Planning Software Modeling 100

RFgen

AUGUST 18, 2021

The automotive industry manages complex inventories in addition to facing vast outside pressures. Inventory management shouldn’t be a nightmare. Inventory management shouldn’t be a nightmare. Automating inventory processes can help reduce overhead costs and increase customer satisfaction for good. Read the Full Story ».

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Management Software Automotive 52

Talking Logistics

MARCH 23, 2016

Per Gartner the quantitative benefits include: Inventory savings of 20% of value. Increased forecast accuracy of about 25%. Decrease of inventory on stock from just over 10 days to fewer than seven days. Improved SLAs to consistent 98% levels. Freight charge reductions from 5% to 3.5% Reduction in workforce by 10%.

Supply and Demand 100

Supply and Demand Supply Chain Visibility Prescriptive Analytics Software Real-time Visibility 100

Taulia

MARCH 15, 2023

However, this policy response is not without cost, with the IMF now forecasting the UK economy to contract by 0.6% This relatively poor growth forecast is just one of the issues facing British policymakers: productivity has been stagnant in the UK since 2007 1615 , and business investment has been similarly static for more than half a decade.

Ukraine 52

Ukraine Material Savings Germany Price Reduction 52

Kinaxis

SEPTEMBER 16, 2015

From our eBook, S&OP in the 21st century , “An audit of 50 corporate spreadsheets in 2007 revealed that 94% had errors… one for $100 million!” An error in forecasting made by one function will almost always have an impact on at least one or more other functions.

Supply Chain Design Software 100

Supply Chain Design Software Forecasting Software Supply Chain Software Demand Planning Software 100

KEPLER Consulting

DECEMBER 11, 2019

The inability to provide daily updated data on inventories of raw materials, semi-finished products, and finished products presents two major concerns: The decrease of the WCR for companies, the deployment of a dashboard tailored and user-friendly is essential in order to take charge of the management of a share of its WCR. et Fischer M.,

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52

Arkieva

JANUARY 6, 2017

Three Steps to a Better Statistical Forecast Setup. Arkieva COO – Sujit Singh, outlines three essential steps to better statistical forecasting — simulate, measure, refine. She shared that her business had implemented a statistical forecasting package from one of the leading vendors during the previous year.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. They prioritized projects that reduced inventory and logistics expenses. By Maha Muzumdar.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Supply Chain Matters

SEPTEMBER 23, 2023

As expected, with the existence of this industry’s just-in-time inventory replenishment planning, the implications of the work stoppages are cascading across individual automaker’s supply networks. The three automakers have initiated worker layoffs involving thousands across dependent facilities because of final assembly plant stoppages.

Negotiating Skills 59

Negotiating Skills Cost Reduction Strategies Expense Reduction Inventory Reduction 59

synchrono

DECEMBER 4, 2017

The global economic recession that started in 2007/2008 hit the manufacturing sector hard. When consumer demand dropped due to the recession, this excess capacity could no longer be ignored because it led to mountains of unsold inventory and raw materials sitting in the supply chain.

Capacity 69

Capacity Manufacturing Automotive Supply and Demand 69

NC State SCRC

JULY 29, 2017

Working capital is generally in the form of inventory, which is an asset that doesn’t produce any revenue or cash. A metaphor is that of reducing friction, which increases flow, where friction includes all of the typical delays and problems that slow material flows and increase inventory.

Real-time Visibility 40

Real-time Visibility Supply Chain Planning Software Modeling Supply Chain Software 40

Arkieva

MAY 12, 2016

On the inventory axis we will show inventory turns. From Figure 5 we see a premium gross profit for Company 1 in the period 2004-2007. The 10% EBIT corresponding with an average inventory turn of 3, as shown in Figure 8. From Figure 8 we see the inventory has been moving in the direction of 3 turns.

Benchmarking 60

Benchmarking Inventory Reduction Supply Chain Strategy Cost Reduction Strategies 60

Supply Chain View from the Field

MARCH 29, 2014

Looking at global figures, growth in the consumption of drugs has increased 32 percent from $735 billion in 2007 to $965 billion in 2012, and consumption is projected to reach about $1.2 Companies respond to demand volatility in two ways: reducing inventories and trying to instill more agility in their supply chains. In the U.S.

Pharmaceutical 104

Pharmaceutical Trends Supply Chain Planning Software Agile and Lean Supply Chain 104

ShipBob

AUGUST 3, 2020

It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. It was the world’s largest VC firm in 2007 with over $20 million in assets during the year. You must be able to manage inventory turnover seamlessly and prevent stockouts. Ajay said that funding ‘uncertainty’ (e.g.,

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105

Supply Chain Shaman

AUGUST 21, 2015

When I wrote a summary report at AMR Research in 2007 and 2009, there were two or 6% of the market. In addition, 85% of the vendors in the multi-tier inventory optimization market that I wrote about in 1995, are now part of larger platforms. In the most mature S&OP processes, S&OP is an update to budget forecasts updates.

S&OP 150

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Design Software 150

RFgen

MAY 2, 2014

Regardless of the up-and-down nature of forecasts, manufacturers have to focus on their needs to maintain optimal performance in the face of increased competition and technological innovations that end up separating high performers from laggards. During one week there is news showing how the U.S.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Forecasting Software Manufacturing 52

RFgen

MAY 2, 2014

Regardless of the up-and-down nature of forecasts, manufacturers have to focus on their needs to maintain optimal performance in the face of increased competition and technological innovations that end up separating high performers from laggards. During one week there is news showing how the U.S.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Forecasting Software Manufacturing 40

Material Handling & Logistics

OCTOBER 26, 2018

Further, if one does a Google search on data science groups in private industry, numerous large industry groups formed just since 2007 appear. TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. The area of most waste was inventory. within the suppliers’) warehouses. .

Pricing Training 54

Pricing Training Supply Chain Design Software Purchasing Training Negotiating Skills 54