Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters. Functional metrics in isolation degrade value. We enjoy writing them!

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 255

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Shaman

AUGUST 11, 2015

Procurement focus shifted from traditional programs focused on solely on contract management, price and term negotiations, and supplier scorecards to include the evolution of supplier development to manage product quality and multi-tier supplier relationships in and across value chain relationships. Focus on Multi-Tier Inventory Management.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 150

Vanguard Software

JULY 20, 2021

Not too long ago, in 2014, Walgreens had a $1 billion forecasting error that led to the exit of two executives. Whereas supply planning projects and manages inventory or supply to meet consumer demand. Organizations can then make shrewd business decisions about inventory and production.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Demand Planning Software 52

Supply Chain Shaman

MARCH 8, 2016

In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. The adoption of Terra’s products were brisk until 2011, but during 2012-2014 sales softened, resulting in employee layoffs and downsizing. The Company has a checkered past. It is a new buyer.

Supply Chain Planning Software 150

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

Talking Logistics

DECEMBER 4, 2017

Having more timely, accurate, and complete data — and converting it into actionable intelligence — will not only lead to cost reductions and increased asset utilization, but also improvements in customer service and satisfaction, the top metric cited by the respondents.

Material Savings 0

Material Savings Supply Chain Planning Software Conference Supply Chain Software 0

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Enterra Insights

JULY 27, 2021

Increase forecasting accuracy to reduce obsolete inventory. Simulate the CO 2 footprint of the plan through procurement, production, and transport. 4] Markus Zils, “ Moving toward a circular economy ,” McKinsey & Company, February 2014. [5] Predict end-of-life scenarios and support circular processes.

Supply Chain Design Software 100

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

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Talking Logistics

MARCH 2, 2016

As first reported by Fairfax Media , a factory in North Korea has been making high-priced surf and snow gear for Australian surfwear company Rip Curl since at least 2014, with the garments labeled “Made in China.” no metrics, operate in functional silos). The root causes generally fall into three categories: IT issues (e.g.,

North Korea 100

North Korea Supply Chain Visibility Logistics Network Optimization Software Supply Chain Software 100

Talking Logistics

JANUARY 4, 2016

From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. You have to equate the value proposition to metrics the CFO understands and cares about, such as working capital, cash flow, and other items linked to the company’s P&L and balance sheet. Ask “What are the risks?”more

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Supply Chain 100

IQMS

JULY 11, 2019

Asset Management, Supply Chain Management, and Inventory Management are the hottest areas of artificial intelligence, machine learning and IoT adoption in manufacturing today. Due to machine learning, overall inventory reductions of 20 to 50% are possible. PDF, no opt-in) McKinsey & Company. The World Economic Forum (WEF) and A.T.

Manufacturing Procurement 42

Manufacturing Procurement Optimal Sourcing Modeling Manufacturing 42

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. It will lower cost but increase inventory or decrease turns, cfr.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Material Handling & Logistics

JULY 24, 2018

However, their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies take to pay suppliers, according to the latest Working Capital Survey results from The Hackett Group. days and Days Inventory On hand (DIO) rose by just 0.6% to 51 days. days vs 45.4)

Company 54

Company Optimal Sourcing Inventory Reduction Survey 54

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to a company press release, Starbucks purchased its first crop in the Republic of Congo in 2014 and has helped many local farmers since then. This throws off inventory and ultimately impacts the consumer.

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to a company press release, Starbucks purchased its first crop in the Republic of Congo in 2014 and has helped many local farmers since then. This throws off inventory and ultimately impacts the consumer.

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

Supply Chain Shaman

FEBRUARY 25, 2016

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. This is the world view of finance and why there is so much friction between procurement and finance.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Infosys Supply Chain Management

AUGUST 10, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. That in-turn raises the challenge of the ability to manage inventories across cross-channel commerce, along with the ability to position and deploy inventory to the most profitable channel and associated store outlets.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Innovation 28

Infosys Supply Chain Management

NOVEMBER 11, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In this step, the actuals are compared with the planned metrics (MAPE, forecast accuracy, bias etc.) Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources. Product Categories.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 22

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear.

Supply Chain Design Software 286

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 286

Supply Chain Game Changer

NOVEMBER 25, 2018

Inventory Turns 3. (10%). Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

Unleashed

MARCH 14, 2021

Instead of a dedicated team managing supplier relationships, it might be the procurement manager who manages that as part of their role. in 2014 to answer questions about food at McDonald’s because their data suggested that one reason why customers weren’t patronising the outlet was because of food quality misperceptions.

Supply Chain Software 97

Supply Chain Software Food Manufacturing Procurement Gartner 97

AFFLINK

FEBRUARY 15, 2017

The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Rewards such as cost savings, time to market and inventory turnaround also contribute towards short-term goals.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Optimization Manufacturing Procurement Supply Chain Strategy 74

NC State SCRC

OCTOBER 12, 2016

He became a director at that point, working with sales planning, inventory planning, and financial planning, and pulling together the Sales and Operations Planning team, as well as introducing new products and eliminating obsolescence. By 2014 and 2016 revenue was back up to almost its previous high point. Today, we are at 5.5M

Supply Chain Planning Software 40

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Software 40

Supply Chain Shaman

FEBRUARY 11, 2014

My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. Here I share his insights: Philippe, which supply chain metrics do you think matter?

Metrics 283

Metrics Optimal Sourcing Manufacturing Procurement Inventory Reduction 283

Infosys Supply Chain Management

MAY 9, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. As a result, organizations end up either under stocked (that leads to lost customers) or overstocked (leading to unwanted inventory carrying costs). Procurement Blog. January 2014. Customer Service.

Supply Chain Planning Software 29

Supply Chain Planning Software Real-time Visibility Supply Chain Software Agile and Lean Supply Chain 29

FLEXE

DECEMBER 11, 2016

I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. In any of these scenarios, fixed capacity is a mismatch for that variant over in inventory. And, again, with the power of the marketplace in scale, you start to get comparative metrics. Watch the video here , or read the transcript below!

Modeling Software 31

Modeling Software Logistics Network Optimization Software Supply Chain Design Software Predictive Analytics Software 31

Supply Chain Game Changer

JANUARY 14, 2020

Inventory Turns 3 (10%). Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2

Gartner 10

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 10

Infosys Supply Chain Management

SEPTEMBER 17, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Now, lets look at different forecast measurement metrics e.g. Mean Forecast Error (MFE) or Bias, Mean absolute Deviation (MAD), Mean Absolute Percentage error (MAPE), Weighted Absolute Percentage error (WMAPE).

Supply and Demand 30

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 30

Talking Logistics

DECEMBER 20, 2017

“OPEC and 10 producers outside the cartel, including Russia, agreed late last month to continue holding back nearly 2% of crude production from the global market through the end of [2018]…with the aim of alleviating a supply glut that has plagued oil markets since 2014,” according to a recent article in the Wall Street Journal.

Predictive Analytics Software 92

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 92