Supply Chain Shaman

SEPTEMBER 13, 2023

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” I know that your primary focus is procurement. Only 2% of companies are pushing forward in our Supply Chains to Admire analysis.

Supply and Demand 397

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 397

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. We complete the analysis each year. In this analysis, patterns matter.

Case Study 267

Case Study Inventory Reduction Agile and Lean Supply Chain Study 267

Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. .” This type of response is just not helpful. I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. They did it. The reason?

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 297

Supply Chain Shaman

MAY 21, 2024

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence.

Procurement Analytics 360

Procurement Analytics Optimal Sourcing Metrics Supply Chain Planning Software 360

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The visibility to spend allows them to provide excellent benchmarking in several areas. Roughly 3,000 customers, prospects, and partners attended.

Supply Chain Design Software 205

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 205

Supply Chain Shaman

JUNE 7, 2021

Lately, as I reflected on my conversations with John (fictitious name) when I was at AMR Research, I yearn to go back in time. Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. I did not think that anyone had a clear definition of supply chain excellence. I disagreed.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. eCommerce Purchases and “The New Normal” Retail Categories. Ah, the joy of shopping.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Don’t Panic!

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

Supply Chain Shaman

JUNE 28, 2021

Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat. Idiomatic expressions are a type of informal language rooted in meaning that is different from the literal definitions of the words used in the expression. ). What do I mean?

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 241

Arkieva

JUNE 28, 2016

Our focus today is to discuss the relevance of buzz words such as Analytics, Predictive Analytics, Data Science, and Machine Learning, for S&OP. What is analytics? We might use “availability in Excel directly or with Add-ons” as an “age metric’.). Marketing efforts by firms such as IBM.

S&OP 64

S&OP Procurement Analytics Analytics Software Supply and Demand 64

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It aims to ensure you always have enough raw materials available to meet demand and maintain production levels while avoiding operational lost time. Let’s dive in. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

Muslim consumer needs are moving from a somewhat rudimentary model of simple halal consumption to a halal lifestyle and halal ecosystem. Enterprises need to urgently shift their ambition level from just halal certification, to corporate halal reputation and halal DNA.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Logility

APRIL 9, 2020

Just look back over the last couple of years. ERP systems do a great job managing transactional data but do not have the capabilities to provide an early warning to a disruption or analyze the situation through advanced analytics like simulations and what-if scenarios. That is the amount of new data being created every day in 2020.

Supply Chain Planning Software 188

Supply Chain Planning Software Supply Chain Design Software Supply Chain Disruption Agile and Lean Supply Chain 188

Unleashed

OCTOBER 6, 2021

Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? Consider Vendor Managed Inventory One way to save costs in inventory is to shift the responsibility of its management to your suppliers using a VMI system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

SEPTEMBER 19, 2022

In 2021, more than $25 billion was invested in supply chain companies in just the first three quarters of the year. The company buying his company, EXE Technologies, is now infamous among those who have followed the WMS market. This was a unique and, for those that understood ecommerce fulfillment, an exciting business model. “The

Modeling Software 206

Modeling Software Supply Chain Planning Software Logistics Network Optimization Software Demand Planning Software 206

Logility

MAY 25, 2023

A recent study revealed that overstocks cost retailers a staggering global loss of $362.1 The goal is to minimize the cost of inventory while maximizing the ability to provide customers with products in a timely and efficient manner. Poor inventory management can lead to stockouts, overstocks, or worse, lost customers.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Unleashed

MAY 15, 2023

From targeted email campaigns to inventory management integrations, we’ll outline how you can develop strong B2B CRM strategies to improve business performance and achieve predictable growth. B2B CRM software allows you to be more productive with your time and more efficient with your cash flow. Why do B2B businesses need a CRM?

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

Kinaxis

AUGUST 24, 2015

It never ceases to surprise me when I hear how many enterprises entrust a mission-critical task to the desktop spreadsheet software Excel®. Consider the Supply Chain Insights report, Research in Review (Nov 2014), that states: “Many companies have five to 30 Enterprise Resource Planning systems and two to three supply chain planning systems.

S&OP 100

S&OP Supply Chain Planning Software Supply Chain Design Software Forecasting Software 100

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. Cash-to-Cash Metrics. In times of uncertainty, cash is king. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Let me explain.

Optimal Sourcing 240

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 240

BlueYonder

JANUARY 12, 2023

Recent reports have highlighted the challenges many retailers are having with excess inventory. With supply chain disruptions continuing, purchasing more stock in advance to meet the forecasted upturn in demand made perfect sense. For many retailers, the first thought to reduce unsold items is to simply buy better.

Inventory Reduction 74

Inventory Reduction Price Reduction Waste Reduction Cost Reduction Strategies 74

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

Procurement Solutions 69

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 69

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. the procurement function. The procurement environment is dynamic and constantly changing with.

Procurement Solutions 41

Procurement Solutions Procurement Analytics Optimal Sourcing Negotiating Skills 41

Supply Chain Game Changer

NOVEMBER 15, 2018

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles.

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The output from the monthly process is an updated plan that balances demand with supply over a 24-month time horizon. The roots of IBP are in sales & operations planning (S&OP).

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 238

Supply Chain Shaman

JUNE 29, 2014

I remember the first time that I met the founders, Don and Toby. ” And from time to time, when we were behind deadline, and teasing each other about the looming weekly post, we would throw our llamas from cubicle to cubicle. It could no longer be just about inventory levels. The conference was low-key. Reflections.

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Enterra Insights

FEBRUARY 13, 2019

Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

QAD

NOVEMBER 10, 2022

The last 25 years has probably brought us greater innovation than we have seen in quite some time. It has most definitely impacted how people buy products of all types and in all industries. For example, manufacturers have had to alter business models to be able to accommodate the change in consumer behavior.

Sustainability 98

Sustainability Manufacturing Procurement Purchasing Skills Optimal Sourcing 98

GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 120

Unleashed

JANUARY 24, 2022

The three broad approaches employed to achieve this are internal, third-party and hybrid: Internal MRO inventory management uses in-house costing analysis, just-in-time inventory methods, and other inventory control techniques. MRO inventory also includes wearable goods like uniforms and protective gear.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Game Changer

JUNE 10, 2020

But, you don’t want to eat at just any old restaurant. It’s a sure thing that you’re going to invest time and money in this experience, and you want to make sure it’s going to be worth it, no? Deciding to eat at Luigi’s Italian Market, and negotiating billion-dollar contracts aren’t really in the same league of purchasing decisions.

Procurement Solutions 56

Procurement Solutions Procurement Analytics Eliminating Excel in Purchasing Optimal Sourcing 56

ThroughPut

OCTOBER 16, 2022

When organizations have the optimum inventory levels, they are easily able to address unnecessary inventory costs and problems associated with inventory such as overstocking, and stockouts. Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

ShipBob

DECEMBER 13, 2023

You might say, “I’ll just order plenty of inventory and wait until it sells out.” In this scenario, you face the risk of stockouts, which can be just as detrimental to your business as overstocking. In this scenario, you face the risk of stockouts, which can be just as detrimental to your business as overstocking.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

crisp

MARCH 24, 2022

But it takes more than savvy storytelling: real-time insights on how and where products are selling can help marketers make better decisions and meet customers in the right place at the right time. They can purchase (expensive) syndicated data, but that involves multiple players, multiple reports, and infrequent updates.

Retail 98

Retail Data How To Supply Chain Planning Software 98

BlueYonder

JANUARY 31, 2023

Salim: Our automotive customers are increasingly looking at how to counter inflation but at the same time how to enable supply chain resiliency. The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers.

Automotive 82

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 82

Supply Chain Game Changer

OCTOBER 1, 2022

Having an excellent business fleet is one of the secrets of highly successful companies. A functional digital tachograph can measure significant metrics like speed, driving time, and driver’s activity. The increasing cost of fuel, car maintenance and purchasing of vehicles can drain a company’s resources.

Supply Chain Software 97

Supply Chain Software Logistics Network Optimization Software Procurement Solutions Tools 97