Remove Analysis Remove Inventory Remove Metrics
article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right.

article thumbnail

Aligning Supply Chain Metrics to Improve Value

Supply Chain Shaman

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 my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

Spend analysis is often the entry point. This blog offers a clear, practical overview of what spend analysis is, how it supports strategic sourcing, and why it matters for both direct and indirect procurement. Schedule a demo of Ivalua’s Spend Analysis solution today! Let’s dig in!

article thumbnail

Dynamic Inventory Replenishment Optimization Guide

ToolsGroup

This uncertainty makes dynamic inventory replenishment optimization essential for business success. Effective inventory optimization directly impacts customer satisfaction, loyalty, operational costs, and waste reduction making it a critical business function in todays volatile market.

article thumbnail

Step Past AI Hype Drive Real Value

Supply Chain Shaman

Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. Think about the building of listening posts of rating & review data, continuous listening of call center transcripts, analysis of contracts, or the continuous analysis of supplier certificates for digital passport/Scope 3 emissions.

article thumbnail

Managing Supply Chain Planning in the World of Scarcity

Supply Chain Shaman

This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. Inventory Health. I find only 8% of companies actively measure inventory health. Few organizations have the ability to manage the form & function of inventory. Hire a consultant to do the analysis.

article thumbnail

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.