Supply Chain Shaman

JUNE 14, 2018

Within IT organizations, there are many zealots of existing systems. Here I make the argument for change and close with insights on two best of breed technologies to consider to augment direct material processes. It requires the oversight of a non-linear, and often very unpredictable, system. Companies are at a tipping point.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Supply Chain Shaman

AUGUST 16, 2015

As an analyst, when technology providers acquire and divest companies, I get invited to pre-announcement conferences. In these sessions, the technology providers share their rational for the investment and invite questions. Infor–a market consolidator of enterprise software–currently has revenues of $2.8

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

SCMDOJO

OCTOBER 27, 2023

It could be: Volume and Scale: You are on a considerable leverage if you are buying in bulk. Track Progress Effective negotiation also includes benchmarking your supplier’s performance so you can negotiate on the basis of facts and data. Open Communication: Suppliers should be given an open platform to communicate.

Negotiate Pricing 92

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 92

Unleashed

JANUARY 24, 2022

We also give you the 10 best practices to reduce your spend on MRO goods while maintaining a steady flow of the items you need – including the KPIs and software that will assist you. MRO stands for Maintenance, Repair and Operations and refers to the MRO of the machinery, equipment, and tools necessary to run a business.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Shaman

JUNE 3, 2013

I asked companies to “Navigate through the hype focusing on the feasibility of scope and technology.” At the time, the popular belief was that Enterprise Resource Planning (ERP) technologies would build multi-tier capabilities. It went public last year in one of the few successful IPOs in the supply chain software space.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 261

Oracle SCM

JULY 12, 2017

As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supply chain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Supply Chain Shaman

JANUARY 27, 2015

Last week, I interviewed Robert Byrne, founder of Terra Technology on his demand planning benchmarking study. I enjoy creating the podcast series, and Rob’s findings in his benchmark study are always thought-provoking. This requires analytics that can learn and adapt as markets shift. Manage New Item Bias.

Supply and Demand 150

Supply and Demand Supply Chain Planning Software Forecasting Supply Chain Software 150

Logistics Bureau

NOVEMBER 16, 2020

In short, the industry offers something for everyone—for those who enjoy physical activity, for those inclined towards the intellectual and/or analytical, and for others who desire some combination of both. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Silvon Software

NOVEMBER 28, 2017

One of the biggest benefits that analytics can have on an organization is the ability to empower employees across the business. When you give your people reporting tools that reveal not only the big picture, but the underlying details, too, they will solve problems and find opportunities to excel.

Procurement Analytics 93

Procurement Analytics Procurement Solutions Analytics Software Eliminating Excel in Purchasing 93

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The use of advanced analytics enables the sensing of out-of-stocks. Customer-Centric Benchmarking. The Building Blocks.

Material Savings 188

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 188

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. Excellence in all these areas requires predicting demand, buying supplies, producing products promptly, and swiftly responding to market demand. And that’s pretty astonishing.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

ThroughPut

MAY 13, 2022

Demand sensing is the process of leveraging advanced analytical techniques to create short-term predictions of real-time fluctuations in purchase behavior. Demand sensing solutions extract everyday data from POS systems, warehouses, as well as external sources to detect variances in sales by comparing with historical trends.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand sensing is the process of leveraging advanced analytical techniques to create short-term predictions of real-time fluctuations in purchase behavior. Demand sensing solutions extract everyday data from POS systems, warehouses, as well as external sources to detect variances in sales by comparing with historical trends.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. Handling Variability : AI technologies, particularly machine learning models, can handle various data formats and structures.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Considering today’s modern online procurement technologies, customers and sellers may interact from all over the globe to compete for goods and services.

Vendor Strategies 140

Vendor Strategies Negotiating Skills Price Reduction Purchasing Skills 140

Arkieva

JANUARY 6, 2017

The ABCDs of an Excellent Supply Chain. In this 2-part Supply chain strategy post , the Managing Director at Solventure – Bram Desmet, discusses the key elements of an excellent supply chain. So, as I sit down to write this blog, I wonder what are some of the things that make supply chains excellent? Please subscribe here.

Inventory Reduction 62

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 62

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. These specific goals become the initial step for development of a metrics system. Each metric must be defined carefully, and the source of data (whether from the MRP system, the accounting system, etc.)

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Zipline Logistics

FEBRUARY 9, 2021

It is critical to leverage transportation analytics to get the most out of your operation. Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Moreover, excelling at OTIF is a distinguished strategy in differentiating your brand from competitors. Learn More.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

However, achieving and maintaining visibility poses several challenges, including data availability and quality, technological limitations, and interoperability issues. Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

HICX Solutions

SEPTEMBER 23, 2020

There is a corresponding need for accurate supplier data for BI/Analytics. Supplier data is frequently subservient to the ERP or driven by P2P or S2P systems, which can introduce duplications or inaccuracies. In terms of internal hidden costs, Excel is one environment in which hidden factories can quickly become established.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

GlobalTranz

AUGUST 11, 2016

In this blog, Andy discusses the health of the manufacturing industry, manufacturing technology orders, and setting benchmarks for company performance. The State of the Health of The US Manufacturing Sector & Manufacturing Technology Orders. USMTO is managed by AMT, The Association For Manufacturing Technology.

Manufacturing Procurement 120

Manufacturing Procurement Forecasting Software Analytics Software Optimization Software 120

HICX Solutions

SEPTEMBER 23, 2020

There is a corresponding need for accurate supplier data for BI/Analytics. Supplier data is frequently subservient to the ERP or driven by P2P or S2P systems, which can introduce duplications or inaccuracies. In terms of internal hidden costs, Excel is one environment in which hidden factories can quickly become established.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

ThroughPut

JUNE 24, 2022

At the same time, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. With their ability to handle mass data, AI driven tools can prove to be highly effective in inventory management. System Complexities.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Logility

NOVEMBER 6, 2018

Managing a successful retail business is combining this art with the science of excellent business strategies and objectives. Consumers are in control and have access to the channel of their choice when and where they are ready to buy. Implement an Integrated Planning Platform. Automate Allocation and Replenishment.

Retail 130

Retail Inventory Reduction Forecasting Software Optimization Software 130

NC State SCRC

MARCH 9, 2016

The book looks at what the future procurement capability will need to be, in light of the massive “game changers” of globalization, technology, cultural diversity, demographic issues, and sustainable pressure that is changing the entire ecosystem. The mid-1960s witnessed a dramatic growth of the materials management concept.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40

Cognira

NOVEMBER 28, 2023

However, with the emerging trends and shifting consumer behavior, retailers need to identify these patterns and act accordingly by leveraging new technologies and implementing modern and smart promotion management methods and tools to gain a competitive edge.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Zipline Logistics

JANUARY 24, 2020

Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. If unable to find a product in store, consumers are quick to turn their attention online and purchase goods there. The compliance standards are necessary as retailers work to compete with ecommerce.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Supply Chain Shaman

JUNE 6, 2015

The premise of the Christensen’s book is that when companies focus on current customer needs, they fail to adopt new technologies or business models that will meet the customer’s unstated or future needs. I think that IBM, HP, Microsoft, Oracle, SAP and Teradata are victims today in the information technology sector.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration. ” – Joel Beal, CEO and Cofounder @Alloy.ai

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Supply Chain Shaman

JUNE 20, 2014

It should not be confused with the term Integrated Business Planning (IBP) which is the process and technology integration of business and supply planning in S&OP.) At Supply Chain Insights , we conduct twenty quantitative studies a year to understand the impact of technology and process decisions on business results.

Supply Chain Planning Software 305

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 305

Precoro

FEBRUARY 27, 2023

Streamlines Internal Procedures Spending data analysis sheds light on similar purchases between different departments. It enables them to cooperate even more closely to create fewer purchase orders and get things done faster by grouping multiple items and services into one purchase.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

ShipBob

APRIL 13, 2021

A good KPI system will help motivate and reward employees, while also giving them an understanding of the goals the company is working towards. KPIs are one of the most valuable tools you have for keeping your team focused, accountable, and aligned. COGS = Beginning inventory + Purchases during the period – Ending inventory.

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

Supply Chain Shaman

SEPTEMBER 13, 2016

It requires rethinking business outcomes using advances in technologies through a redesign of supply chain processes. They will challenge commonly accepted best practices and test new technologies. These architectures are evolving and will be deeply rooted in the evolution of prescriptive and cognitive analytics.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform.

Supply Chain Visibility 79

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 79

Logistics Bureau

OCTOBER 26, 2020

As legislation focuses ever more heavily on environmental protection though, and consumers increasingly consider sustainability in their purchasing decisions, all supply chain organisations will need to find the way forward. Use Technology to Identify Problems and Opportunities. This is where technology can come to the rescue.

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 84

Jaggaer

JUNE 18, 2019

Having spent decades at Kraft Foods, Kellogg’s, Johnson & Johnson, and now Biogen, Walter provides keen insight into the state of procurement today and how big data analytics is disrupting the landscape to provide CPOs with meaningful answers for more strategic procurement execution. This the power of big data analytics.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Big Data Procurement Solutions 40

IQMS

FEBRUARY 20, 2020

The pace of sales cycles, competitors, and pricing decisions, all driven by buyer’s compressed timeframes for making purchasing decisions, is a primary factor. Data gaps create distrust, and poorly implemented enterprise systems fuel it. Data gaps create distrust, and poorly implemented enterprise systems fuel it.

Real-time Visibility 55

Real-time Visibility Manufacturing Procurement Data Price Reduction 55