Remove 2011 Remove Forecasting Remove Manufacturing Procurement Remove Procurement Solutions
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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Make to Order: Here, products are manufactured based on specific customer orders.

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What is Bullwhip Effect? Supply Chain Management Explained

ThroughPut

The Bullwhip Effect is a phenomenon where slight fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels. The bullwhip effect is caused by product ordering decisions based on the demand forecasting from their immediate customer.

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My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition).

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The Bullwhip Effect and How to Prevent It

SupplyPike

Improve Demand Forecasting. Reducing the bullwhip effect starts with improving the forecasting of customer demands. With the help of inventory software, companies can control and understand how buying habits change across a period of time. In the latter part of 2011, apparel retailer JC Penney rolled out a daily low-price model.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

However, it embraced it to an unprecedented depth and scale, developing in-house digital solutions to support and manage the strategy. However, considering those events, the company did adjust its procurement strategy, increasing engagement with alternative sources of supply. Amazon did not invent the random storage approach.

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Netsuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

Supply Chain Network

(NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today (June 7th) announced that the company has extended its cloud -based business management suite with new demand planning features. allowing companies to tightly align sales forecasts with inventory replenishment plans.

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How Did We Get it All Wrong?

Supply Chain Shaman

He wanted to build depth in the S&OP process; but, he had not been able to convince his management team to purchase an S&OP technology. The IT department was certain that they needed a tightly integrated business solution for S&OP and that they needed a licensed application and full-blown implementation team to get it right.