EC Sourcing Group

JUNE 14, 2022

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system. Full Visibility with a Spend Analysis.

Analysis 52

Analysis Forecasting Software Vendor Strategies Analytics Software 52

Unleashed

MAY 15, 2023

A CRM system that offers RFM (Recency, Frequency, and Monetary value) Analysis allows you to segment customers by their purchase habits. You can also offer exclusive webinar content or one-to-one expert advice sessions, for example. It will also flag any customers that begin to deviate from their spending patterns.

Inventory Reduction 105

Inventory Reduction Sourcing Strategies Waste Reduction Manufacturing Procurement 105

EC Sourcing Group

JULY 5, 2022

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. What Is Spend Analysis : Choosing the Right Software.

Analysis 52

Analysis Analytics Software Supply Chain Design Software Supply Chain Planning Software 52

Arkieva

FEBRUARY 10, 2021

In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain. Using ABC Analysis to Determine Off Balance Inventory was first posted on February 10, 2021 at 8:01 am.

Analysis 88

Analysis Inventory Supply Chain Planning Software Supply Chain Planning 88

Supply Chain Shaman

JUNE 21, 2023

While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The analysis is now in its ninetieth year. The Gartner analysis is biased toward companies within the Gartner network. The Gartner analysis is biased toward companies within the Gartner network. Almost two decades of reporting. The reason?

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

SupplyPike

MAY 28, 2020

Learn about: What an ABC analysis is How you can implement it How Walmart uses it in its daily business. ABC analysis is based on “ The Pareto Principle ,” also known as the 80/20 rule. An ABC analysis helps you clearly assess this effort and also shows the importance of individual factors to the business.

Analysis 71

Analysis Negotiate Pricing Negotiating Skills Purchasing Skills 71

Adexa

AUGUST 2, 2022

Time to Automate Scenario Analysis in Supply Chain Planning What-if scenario analysis is widely used by supply chain professionals in order to find the best response to an event in the past or one that is likely in the future. An example of this approach can be found in 8-Queen problem solution.

Scenario Planning 59

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Planning 59

Proxima

JULY 27, 2023

The Government’s initial analysis in 2021 was broadly correct: Russia remains the biggest danger to UK security, with China remaining a looming threat. The post Resilience in Defence: Analysis of the Defence Command Paper appeared first on Proxima. So, what does the report tell us?

Analysis 52

Analysis Ukraine Agile and Lean Supply Chain Optimal Sourcing 52

Unleashed

JUNE 15, 2023

Expenses must be categorised appropriately and consistently every time a COGS analysis is done. Cost of goods sold journal entry (with examples) Inventory accounting journal entries for cost of goods sold generally require debiting the COGS and crediting the inventory account. Otherwise, the results can be badly skewed.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Supply Chain Shaman

NOVEMBER 9, 2023

Let’s take an example. Let’s take another example. In this traditional definition of a supply chain model, I define a good plan as: A positive Forecast Value Added (FVA) analysis/output for the forecast with minimal bias. (I The analysis is bi-directional and tethered to a balanced scorecard.

Optimal Sourcing 335

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 335

USC Consulting Group

JUNE 23, 2020

One of the most effective methods of analyzing operational breakdowns is to conduct a Root Cause Analysis (RCA). Some of the data needed in order to drive the analysis includes all of the unplanned failure work orders, which component required repair for each work order, and how long each work order took to complete. Back to top ?.

Analysis 98

Analysis Procurement Solutions Supply Chain Design Software North America 98

QAD

FEBRUARY 1, 2022

For example: Infrastructure as a service 7% vs 6% for smaller companies. The post IT Budgets Analysis Predicts Even Faster Move to the Cloud appeared first on QAD Blog. And for the smaller companies, it leaves them falling further behind in their ability to upgrade and modernize their business systems by moving to the cloud.

Predictive Analytics Software 97

Predictive Analytics Software Analysis Supply Chain Planning Software Supply Chain Network Software 97

Supply Chain Shaman

JUNE 30, 2023

Through data analysis help the team understand the trade-off (the effective frontier) and the need for a clear definition of supply chain excellence. To accomplish this goal, analyze forecastability (analysis of Coefficient of Variation (COV)), Forecast Value Added analysis (FVA), fill rate, and product flows.

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 312

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Analysis 52

Supply Chain Shaman

FEBRUARY 26, 2024

For example, in manufacturing, the shift in focus is away from OEE to focus on first pass yield and schedule adherence.) Model Comparisons Ship from model: A ship-to model: Another example of bi-directional orchestration is meat packing. Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry.

Modeling 206

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 206

Supply Chain Shaman

APRIL 16, 2024

For example, inflationary costs, lead time variability, conversion rates, etc.) Maximize up time Agile Supply Chain Insights, 2024 Getting Started To understand the progression of thought, let me walk you through the final homework analysis of a student from my recent class on outside-in processes. Use Liam’s analysis as a guide.)

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Supply Chain Shaman

JANUARY 9, 2024

For a more detailed analysis, check out the Power point summary.) I find in the orbit chart analysis that 45% of companies in the report are unconsciously incompetent. For example, in Figure A, we share on orbit chart on how Sanofi is underperforming the industry. Today, we published The Supply Chains to Admire for 2023.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Baltimore 250

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 250

Supply Chain Insights

JUNE 19, 2017

Balance looks at the change in Revenue Growth and the change in Return on Invested Capital (ROIC) over the years included in the analysis (2010 – 2016). It measures a company’s improvement in balance, strength and resiliency factors over time. As the company moves toward a higher Revenue Growth and ROIC, the company improves their balance.

Examples 137

Examples Supply Chain Strategy Supply Chain Inventory Reduction 137

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Data Analysis Grew Exponentially, Providing More End-to-End Visibility and Continuous Improvement. Data analysis is the companion of cloud-computing technologies.

Supply Chain Design Software 120

Supply Chain Design Software Analysis Supply Chain Software Inventory Reduction 120

OptiProERP

MAY 19, 2019

ABC analysis strategy is used to classify data into three categories based on the values of the target measured in descending order. An example of ABC classification is as follows: “A” items – About 20% of the items amount to approximately 70% of the value. “B” This makes the analysis all the more meaningful and accurate.

Inventory Reduction 73

Inventory Reduction Optimization Software Analysis Price Mitigation Strategies 73

Unleashed

DECEMBER 14, 2018

The SDE analysis is considered a common inventory control and optimisation method. What is an SDE analysis? This analysis classifies inventory on three different levels, based on the availability of items. For example, items that generally come from far cities or where reliable suppliers are difficult to find.

Inventory Management Software 58

Inventory Management Software Analysis Inventory Management Inventory Reduction 58

Logistics Viewpoints

APRIL 4, 2024

Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. For example, the demand for the Chocolate Peanut Butter Cup will behave much more similarly to the flavor of Chocolate than Rainbow Sherbert. Wouldn’t it be cool to know within minutes?

Supply and Demand 229

Supply and Demand Modeling Demand Planning Scenario Planning 229

GlobalTranz

JUNE 11, 2015

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logistics Viewpoints

JUNE 8, 2022

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.

Forecasting 218

Forecasting Modeling Supply and Demand Scenario Planning 218

Supply Chain Shaman

JANUARY 2, 2024

For example, let’s take a look at the patterns of Anheuser Busch, Colgate-Palmolive, Mondelez, and Nestle shown in Figure 1. Our analysis shows that 67% of the Gartner Top 25 companies underperform their peer group on growth, 44% on operating margin, and 41% on inventory turns.

Gartner 275

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 275

The Logistics & Supply Chain Management Society

JUNE 14, 2023

At the same time, the increasing complexity in manufacturing, a wealth of variants and rising deadline pressure are raising the costs of manual quality analysis and rework. This method describes data-driven, automated defect detection and quality analysis, which can be used in a variety of processes.

Predictive Analytics Software 130

Predictive Analytics Software Quality Supply Chain Software Supply Chain Planning Software 130

DELMIA Quintiq

AUGUST 31, 2023

Often, software robots use Artificial Intelligence algorithms, as, for example, chatbots use AI to better respond to human questions and to be able to communicate more naturally. For example, AI algorithms are used in browser searches, social media, computer engines, etc.

Supply Chain Design Software 296

Supply Chain Design Software Supply Chain Software Predictive Analytics Software Optimization Software 296

Supply Chain Shaman

MAY 1, 2023

The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. Let me give you an example. In Table 1, I share an example. Strategic View of Time: M&A, market analysis, and positioning. Analytics investments are essential.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

DELMIA Quintiq

MAY 11, 2022

It can be made with many different characteristics, for example, different chemical compositions to increase strength, durability, etc. For example, old steel used in an industrial context can be recycled into consumer products such as home appliances, automobiles and more. Steel is one of the most recycled material in the world.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

Supply Chain Shaman

NOVEMBER 21, 2022

Self-driving supply chains are an example. For each issue in the customer service analysis ask, “When did we know? For example, are you using actual lead-time data? Armed with this analysis, you are ready to take the next step. The supply chain planning industry is fraught with big claims with little substance.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 288

Logistics Viewpoints

MARCH 11, 2020

The current coronavirus outbreak is an example of an economic shock that elevates uncertainty and complicates forecasting. ARC European analysts Florian Güldner and David Humphrey conducted a thorough scenario analysis on the potential impact of the corona virus on automation markets and supply chains.

Forecasting 158

Forecasting Forecasting Software Logistics Network Optimization Software Supply Chain Software 158

Supply Chain Network

FEBRUARY 14, 2012

Executives are turning to the bread-and-butter of supply chain management: spend analysis. Spend analysis technology provides the ability to easily review purchasing and contract details for both companies to identify areas to consolidate to one preferred supplier. How’s it being done? Another useful technique – normalizing.

Negotiate Pricing 104

Negotiate Pricing Analysis Negotiating Skills Purchasing Skills 104

Supply Chain Shaman

APRIL 9, 2021

Over 85% of companies turned their systems off, turning to spreadsheets and ad hoc manual analysis. The chasing of dead-end streets based on spreadsheet analysis—making infeasible decisions from cursory spreadsheet analysis– undermined corporate value. For example, the semiconductor shortage is a current issue.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

TMC

SEPTEMBER 1, 2016

For example, the shipping department needs to monitor metrics such as on time delivery and cycle times, but procurement relies on a different mix of measures. Setting unrealistic or unsuitable performance targets can easily put you on the road to analysis paralysis. Functional misalignment. Off-target targets.

Analysis 48

Analysis Analytics Software Sourcing Strategies Supply Chain Planning Software 48