Supply Chain Shaman
DECEMBER 28, 2020
In the orbit chart in Figure 2, you first will notice that both VF is less resilient than Nike and that from 2015 to 2019, Nike outperformed VF. Their supply chain results in 2019 are worse than in 2015, and this was before the pandemic. The SAS forecasting system implemented in 2019 was not tested for model accuracy.
Logility
AUGUST 7, 2017
Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.
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Supply Chain Shaman
FEBRUARY 13, 2020
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. The more forecastable the data set, the easier it is to find an optimizer. In Figure 1, I share data from the risk management study of 2015.
Supply Chain Shaman
APRIL 9, 2021
Average performance in 2016-2019 across twenty-seven manufacturing sectors on inventory turns, Return on Invested Capital and operating margin was worse than in 2012-2015. Focus on functional metrics without alignment to a balanced scorecard to drive value. Alignment Barriers. Mistake #3.
Supply Chain Shaman
JULY 19, 2015
However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. It is for this reason, that I discount the reporting by APQC, Institute of Business Forecasting (IBF) and Grocery Manufacturing Association (GMA) benchmarking data. 2) Characteristics of Best Forecasters.
Supply Chain Shaman
DECEMBER 18, 2014
At this point, most leaders wring their hands and say, “If only the forecasting team could do a better job of forecasting.” Improving forecasting is not the answer. This also does not mean that you should abandon forecasting processes. Let’s make 2015 a great year! ” If this is you, stop!
Demand Solutions
DECEMBER 30, 2014
Over my next few articles, I’ll share some tips on the kinds of resolutions you can put in place to get your supply chain performance back on track in 2015. Relatively few companies have adequate measures of order fill rates or forecast accuracy. Make it your New Year’s resolution to start using this more granular metric.
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