Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 370

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 370

Supply Chain Matters

NOVEMBER 28, 2022

Normally at this time, we would be highlighting preliminary indicators of online and in-store sales that occurred during the Thanksgiving , Black Friday , and today’s Cyber Monday holiday focused shopping events. Profitability objectives are paramount, but inventory overhang remains a significant challenge. Bob Ferrari.

Sourcing Strategies 59

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 59

Supply Chain Shaman

SEPTEMBER 22, 2021

Executing an event in the middle of the Covid-19 pandemic is challenging. This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). We started the pandemic with twenty-one more days of inventory than we had in 2007. My prediction?

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Matters

JULY 25, 2022

The Ferrari Consulting and Research Group shares a Part Two commentary addressing our mid-year assessment of previously published 2022 Predictions for Industry and Global Supply Chains published at the beginning of 2022. Restoring More Direct Control in Materials Sourcing. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Matters

MARCH 3, 2022

The Supply Chain Matters blog highlights February global manufacturing and supply chain indices and challenges relative to product demand and supply network imbalance levels in the first quarter of 2022. The February 2022 Manufacturing ISM© Report on Business reported a value of 58.6, for February, up from 55.5 reported for January.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Redwood City, CA – 11 July, 2022 – Ivalua , a global leader in Cloud Spend Management solutions , announced the general availability of its new platform release 174.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Software Procurement Solutions Gartner 130

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Enterra Insights

OCTOBER 11, 2022

“In 2022,” she explains, “I frequently ask companies to draw their river of demand. For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

Supply Chain Matters

APRIL 7, 2022

In a prior published commentary, we provided highlights of March and Q1-2022 global production indices along with their implications. We now add highlights of March and Q1-2022 key global transportation and logistics indices. Trucking disruptions in these areas threaten the flow of inbound and outbound inventory. .

Global Transportation 52

Global Transportation Logistics Network Optimization Software Cost Reduction Strategies Global 52

Locus

APRIL 1, 2022

It gives us immense pleasure to announce that Locus has been listed as a Representative Vendor in the 2022 Gartner® Market Guide for Supply Chain Network Design Tools. There is also the question of rising uncertainty caused by unpredictable events on supply chain performance. and/or its affiliates in the U.S. All rights reserved.

Network Design Software 52

Network Design Software Supply Chain Design Software Supply Chain Network Software Gartner 52

BlueYonder

OCTOBER 1, 2022

This annual event explores supply chain management and how logistics can succeed in a fast-changing environment. To combat inflation, CSCO are launching supply chain improvement initiatives such as inventory reduction, improved operational efficiency, cost control, working capital reduction, and cash flow preservation.

Automotive 52

Automotive Cost Reduction Strategies Inventory Reduction Material Savings 52

Supply Chain Matters

SEPTEMBER 9, 2022

Noted is an eightfold increase in natural gas prices since the hostilities began with plans for factory closings, rolling electrical power blackouts and rationing now being considered among several European countries in case such events occur. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Planning Supply Chain Software 52

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction 52

Enterra Insights

AUGUST 11, 2022

”[1] Unlike many events that disrupt supply chains, hurricanes can be anticipated and plans can be put in place to mitigate their effects. 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. Denial of risk.”[6]

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

Supply Chain Matters

JANUARY 6, 2023

2023 Prediction One: Supply Chain Management Teams Should Anticipate Continued Economic Uncertainty of Global Markets and Geo-Political Driven Events, with Some Easing of Prior Year Disruptions. percent in 2022 and 9.7 Morgan Manufacturing PMI® which began 2022 at an expansionary conditions value of 54.2, Prediction Background.

Predictive Analytics Software 98

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 98

Logistics Viewpoints

OCTOBER 19, 2023

The issue wasn’t poor planning – they had the inventory. In February 2022 I ordered a lovely midcentury modern table. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck. Supply chain orchestration failure – a table fable What happened?

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. A series of unfortunate events. More time and energy is spent on forecasts to reduce inventory that is no longer in use. In the case of manufacturers, it means procuring green and sustainable raw materials. A slow-moving crisis. Route Optimization.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

ModusLink Corporation

DECEMBER 13, 2022

Yes, COVID caused many issues, but other factors, including geopolitical changes, the war in Ukraine, weather events, peak season , and economic instability, have altered the fabric of logistics. Warehouse and distribution managers and procurement professionals will need to start thinking about managing the customer experience better.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Procurement. Inventory Management. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

BlueYonder

FEBRUARY 17, 2022

Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach. Investments in Transportation solutions is imperative. Foreign trade policies are weakening.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Stord

JANUARY 11, 2022

Now that we’re in 2022, things should revert back to normal (whatever that means), right? More partners require significant overhead and capital to maintain." - Sarang Damle, Group Product Manager, Orders & Inventory Data and Service Capability Silos "Supply chains are too often built in and operate from silos.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimization Software Forecasting Software 78

Unleashed

AUGUST 20, 2023

It includes everything from the procurement of raw materials to production, inventory management, and shipping. Managing and optimising production lead time involves balancing factors like production capacity, inventory levels, and operational efficiency to achieve the desired lead time while delivering items of high quality.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. How the upstream supply chain has been affected in the 2020s Global events over the past few years have greatly impacted the upstream supply chain. Let’s get into it.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Game Changer

FEBRUARY 1, 2022

But aside from these disruptive events, does everyone really understand what it actually is? ” Shopify says it is “the process of coordinating and moving resources – people, materials, inventory, and equipment – from one location to storage at the desired destination.” Originally published on February 1, 2022.

Logistics Network Optimization Software 89

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Supply Chain Matters

JANUARY 3, 2024

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. percent in 2022, to 3 percent in 2023, and consequently contract to 2.9 trillion (or five percent) compared to a record high level in 2022. percent in 2024.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

Supply Chain Matters

OCTOBER 5, 2022

percent in 2022 before contracting to one percent in 2023. percent in 2022 and by 2.3 In addition to boosting economic growth, this would contribute to supply resilience and long-term price stability by mitigating exposure to extreme weather events and other localized disruptions.”. percent in 2023 (revised downward from 3.2

Price Reduction 52

Price Reduction Inventory Reduction Global Forecasting 52

QAD

MARCH 9, 2023

When manufacturers planned for 2022, they did not foresee that energy prices would skyrocket by 40% in Europe and 23% in the US and that inflation would run at 8-10%, depending on the region.” Instead, attach a variable unit cost to every sourcing, production and distribution event and use that granular data to gauge financial impact.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

Supply Chain Matters

APRIL 1, 2022

The metaphor was reflective of when one of the largest ocean container transit vessel on the planet ran aground in the Suez Canal , the globe’s busiest and most crucial waterway, closing transit traffic for upwards of two weeks and setting off cascading disruptive events for the remainder of 2021. Additional Thoughts. Bob Ferrari.

Negotiating Skills 52

Negotiating Skills Manufacturing Procurement Sourcing Strategies Material Savings 52

Supply Chain Matters

OCTOBER 7, 2022

The Wall Street Journal reported this week ( Paid subscription or metered view ), that fashion and apparel retailer Macy’s has managed to avoid the significant excess merchandise inventory levels that are challenging other retailers. We recommend that our readers have a view of this report.

Supply and Demand 52

Supply and Demand Inventory Reduction Demand Planning Software Price Reduction 52

Supply Chain Matters

JANUARY 11, 2023

In July of 2022, Supply Chain Matters provided our readers added perspectives and highlights regarding supply chain planning technology provider Logility’s acquisition of supply chain network design technology start-up Starboard Solutions. Background. Added Importance.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

Logistics Viewpoints

JANUARY 13, 2022

Understanding and assessing the tradeoffs between the costs of labor, inventory, transportation, and carbon footprint while going through these pivots will be crucial. This is creating the need to shrink the time between identification of a sourcing need and executing on a sourcing event. Wanted to share these thoughts here.

Supply Chain Design Software 236

Supply Chain Design Software Predictive Analytics Software Supply Chain Planning Software Supply Chain Software 236

Supply Chain Matters

MARCH 22, 2022

In its latest March 2022 update , the agency states: “ The most important consequence of the war in Ukraine is the lives lost and the humanitarian crisis associated with the huge numbers of besieged and displaced people. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. percent in 2021.

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

Supply Chain Matters

JUNE 16, 2022

Powell’s assessment of current inflation trending was pertinent in the notions of what can be controlled or not controlled: “ I think events of the last few months have raised the degree of difficulty, created great challenges. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Bob Ferrari.

Material Savings 52

Material Savings Inventory Reduction Cost Reduction Strategies Price Reduction 52

Cognira

JANUARY 10, 2022

What we’re Excited to Discuss at NRF 2022. January 10, 2022. For retailers, the old way of dealing with demand was to buy excess inventory to fulfill stores for a given period. This market emerged in the tail end of 2021 and will certainly carry over to 2022. Going to NRF 2022? Advanced Supply Chain Infrastructure.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Manufacturing Procurement Retail 40