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. Analytics investments are essential. We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 357

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

Supply Chain Shaman

FEBRUARY 1, 2024

Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions. Rolling up a perpetual inventory signal takes eleven hours. days to get a perpetual inventory signal and 2.2 days to receive a purchase order confirmation. The average purchased order changes 3.5

Supply Chain Planning Software 330

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 330

Supply Chain Shaman

SEPTEMBER 10, 2023

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. What defines supply chain excellence?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

Supply Chain Shaman

FEBRUARY 16, 2024

Let’s Start With Clear Definitions My inbox is full. The market is flooded with references to AI, but few stop to give a definition. To combat the hype cycle to drive value, I think that we need to get clear on use cases and definitions. Or mine supplier shifts to build alternate buying plans. I am a researcher.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 374

Supply Chain Shaman

MAY 26, 2023

Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. Let’s start with a basic definition. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

NC State SCRC

APRIL 2, 2023

The term “COE” is often a commonly heard term in supply managers’ vernacular, but it’s interesting to note that Centers of Excellence as an organizational entity have been around for more than fifty years – and evolved first in the form of what was called “shared services”.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Shaman

SEPTEMBER 27, 2021

In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). The secondary problem is the lack of definition of process requirements and a buying team that cannot see past simple MRP/MRP II/DDMRP requirements. What Is Visibility? What To Do?

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). Ecolab, L’Oreal, and TJX are exceptions.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches. I disagreed.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

Supply Chain Shaman

FEBRUARY 14, 2022

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3. My challenge?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

JUNE 29, 2022

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. The impact varies by supply chain sector and value chain. Prepare for a slog.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Supply Chain Game Changer

NOVEMBER 6, 2019

Customers now have access to anything their hearts desire, and inventory management has become a new animal. The right application of warehouse management analytics can enable significant growth for companies, forced to focus on smaller package sizes, not the pallets and cases of the past. Analytics can be complicated.

Analytics Software 60

Analytics Software Procurement Analytics Analytics Warehousing 60

Supply Chain Shaman

MAY 18, 2019

Dependency on Excel. Due to the shortfalls in the evolution of Advanced Planning, 68% of business users use Excel spreadsheets as the primary mechanism for planning. Excel–while widely used for planning–is not equal to the challenge of modeling complex supply chains. Don’t rush to buy. The result?

S&OP 176

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 176

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Shaman

MARCH 9, 2020

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. By definition, in the current state, supply chain planners work in a lose/lose environment. With greater pressure on shorter cycles and less asset availability, getting good at inventory processes increased.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Veridian Solutions

JULY 17, 2019

Customers now have access to anything their hearts desire, and inventory management has become a new animal. The right application of warehouse management analytics can enable significant growth for companies, forced to focus on smaller package sizes, not the pallets and cases of the past. Analytics can be complicated.

Analytics Software 58

Analytics Software Procurement Analytics Analytics Warehousing 58

Unleashed

MARCH 26, 2023

If you’re running a product business and using Xero for your accounting, you’ll need to implement some form of inventory management. While the platform offers some inventory features of its own, many businesses will require something with greater functionality. Do you need integrated Xero inventory software?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Supply Chain Shaman

AUGUST 14, 2016

Starting With Definitions. To help, I wrote a few definitions on the board: Demand-Driven Processes. Market-Driven Processes. The definition: an adaptive network focused on a well-defined value-based outcomes. Definition of Outside-In Processes. The focus is on channel data: price; inventory positions; and policies.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). In the past 15 or so years, the US, which is known for its complicated and expensive healthcare system, has taken some steps towards value-based purchasing.

Procurement Analytics 105

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 105

Supply Chain Shaman

MAY 2, 2016

With the evolution of cognitive learning, cloud-based analytics, non-relational technologies, and streaming architectures, the ERP vendors are no longer the center-piece of supply chain visionaries’ discussions. Avoid buying software from a consulting company. Do not buy software based on partnerships.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Analytics Software Supply Chain Software 150

Supply Chain Shaman

NOVEMBER 6, 2016

The third issue is the lack of understanding that global processes–to maximize the economies of scale in transportation and material buying–need strong governance. When it comes to governance, there is no one-size-fits-all, but in the absence of the definition of governance, nothing works very well.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Scenario Planning 150

Supply Chain Shaman

JULY 3, 2017

As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. ” Business development campaigns, advertisements, and consulting calls to implement ERP, upgrade analytics and focus on best practices inundate traditional agendas. This is often the case.

Inventory Reduction 156

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 156

Enterra Insights

JUNE 26, 2019

Many standard and emerging analytic techniques can be employed to supercharge performance and optimize S&OP decision making.”[1] Dependency on Excel. Cecere explains, “Driving supply chain excellence is a balancing act. Teams continuously balance cost, customer service, asset utilization and inventory.

S&OP 100

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 100

ThroughPut

MARCH 28, 2024

That’s definitely good news. Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Artificial Intelligence in supply chain helps track products from harvest to distribution channels and manage inventories with greater accuracy. All for the good.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Let’s get started with definitions, differences and benefits. To address these challenges, supply chain professionals must adopt advanced forecasting methods. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

JUNE 14, 2014

In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012. However, no company in this chart is on a linear path towards improving both margin and inventory turns. What can we learn?

Optimal Sourcing 283

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 283

AIMMS

MARCH 8, 2016

Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Price Reduction 156

Price Reduction Cost Reduction Strategies Inventory Reduction Sourcing Strategies 156

Supply Chain Shaman

APRIL 7, 2016

In this post my goal is to help companies build outside-in processes through a clearer definition. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. This outside-in orientation needs a definition to make it actionable. Reflection. I am not quite sure. Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

AIMMS

MARCH 8, 2016

Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Optimal Sourcing 120

Optimal Sourcing Sourcing Strategies Price Reduction Cost Reduction Strategies 120

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Most know very little about the true definition of demand driven. The first step in the journey is a kick-off meeting. The book is a story.

Supply Chain Planning Software 309

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 309

Supply Chain Shaman

JULY 5, 2016

Even though the supply chain today is not dead, it is definitely stuck in neutral and going backwards. Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. As the company spiraled in the updraft of the market, it built inventory. Take a look at Figure 1.

Supply Chain Planning Software 150

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Industrial 150

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90