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Where Does Supply Chain Design End and Planning Begin? (Takeaways from LLamasoft’s SummerCon 2017 Conference)

Talking Logistics

The first one arrived a few years ago when a growing number of companies started treating supply chain design as a continuous business process instead of a standalone project or a once-a-year exercise. In short, the manufacturer realized some time ago that it was setting inventory policies based on outdated lead time and forecast data.

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Building a Business Case for Improved Demand Forecasting

ToolsGroup

“Identifying the value that can be created from an accurate forecast is what counts—not an accurate forecast," says Gartner in Win the Business Case for Investment to Improve Forecast Accuracy (Steve Steutermann, May 2017). 9% reduction in inventory obsolescence (percent of inventory value).

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What are supply chain professionals using to make network decisions? 

AIMMS

None of the respondents share data across multiple applications to manage inventory, network design and S&OP in an integrated way. These quiz responses are fairly consistent with a 2017 survey by Lora Cecere’s Supply Chain Insights, which revealed that 65% of companies use spreadsheets for network design.

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Are You Prepared for a Climate-Change Charged Hurricane Season?

Enterra Insights

Make and exercise contingency plans. Businesses need to inventory the risks, as well as materials and products, in their supply chains in order to plan for and, in theory, mitigate those risks. Even the best plans won’t anticipate all contingencies, which is why they should be exercised for insights and shortfalls.

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What are supply chain professionals using to make network decisions? 

AIMMS

None of the respondents share data across multiple applications to manage inventory, supply chain network design and S&OP in an integrated way. These quiz responses are fairly consistent with a 2017 survey by Lora Cecere’s Supply Chain Insights, which revealed that 65% of companies use spreadsheets for supply chain network design.

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IOT SupplyChain Tools (Internet of Things)

ModusLink Corporation

Traditionally, inventory counts were a complex exercise done manually about once a year but RFDI technology enables retailers such as Macy’s to monitor stock monthly bringing accuracy from 60% to over 90%. 2017, June 28). The technology is optimal to track products that are in transit (Fedex, 2020). Bibliography. Aliakbarian.

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The IoT Reality Check

C3 Solutions

In a recent report, RSR Research claims that IoT for retailers is not at its heart about saving costs, although that is a side benefit of the inventory accuracy and information IoT delivers. Its ability to bring about accuracy and efficiency to both inventory and inventory-related tasks absolutely has a cost-benefit component.

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