Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

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 problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. What we built on the whiteboard is the solution that we need today.

Supply Chain Planning Software 321

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

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. In this volatile world, efficient procurement led by a CFO is not the answer. Make, source, and deliver need to be managed together based on analytics that sense and respond at the speed of business. Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

QAD

OCTOBER 4, 2023

What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analytics software, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. Let’s start with a basic definition.

Optimal Sourcing 337

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 337

Silvon Software

SEPTEMBER 26, 2023

For additional KPI concepts and best practices, we welcome you to download Silvon’s Definitive Guide to KPIs. For additional concepts and best practices related to KPIs, feel free download Silvon’s Definitive Guide to KPIs.

Procurement Analytics 94

Procurement Analytics Optimal Sourcing Manufacturing Procurement Inventory Reduction 94

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. Using Analytics In the World of Gray.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. The reason?

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 217

Supply Chain Shaman

JUNE 1, 2022

Ironically, analytics capabilities increased greatly, while organizational capabilities precipitously declined. I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. Days of Inventory Shifts.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

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. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

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). The term “AI” is overused.

Supply Chain Design Software 283

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

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. My question is, “Why?” Background. Growth requires cash.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Let’s Start with Definitions: One of the difficulties in supply chain is the lack of common definitions. What did we find?

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Supply Chain Shaman

JUNE 29, 2022

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 251

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

Supply Chain Shaman

APRIL 20, 2018

This week I spoke at an SAS Global Analytics Summit on the connected supply chain. I believed that planning needed its own system of record and that this definition was distinctly different from a transactional system of record. Transactional systems are vertical by definition. Some History. Horizontal Processes.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Gartner Supply Chain Software 163

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements? Focus on right-sizing inventories.

Supply Chain Design Software 130

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

NC State SCRC

APRIL 2, 2023

1] The definition, structure and scope of an SSC generally are formed first within the enterprise. Services that can be shared among the various business units of a company include finance, purchasing, inventory, payroll, hiring, and information technology. A shared service is a Center of Excellence in effect.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Cost Reduction Strategies Inventory Reduction 52

Supply Chain Shaman

OCTOBER 19, 2022

Definition of Time Horizons. The gaps in expectations between planning and functional organizations like manufacturing, transportation, and procurement are large and growing. So the next time that someone in a meeting asks for real-time planning stop the discussion and get clear on definitions. The reasons are many. The So What?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

SCMDOJO

SEPTEMBER 8, 2023

Understanding these metrics is critical for ensuring that production runs smoothly, inventories are optimized, and customer demands are met. The supply chain should be a smooth-flowing entity, with enough leeway to ride out unforeseen circumstances, but not enough to tie up capital in excessive inventory or resources.

Procurement Analytics 81

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 81

Supply Chain Game Changer

JUNE 11, 2019

Some people want physical activity, some want something more intellectual or analytical, and still others want some combination of both. ” we look at 10 different definitions. While there are many choices, all of which have great elements, we will refer to this definition provided by [link].

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 105

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Enterra Insights

MAY 21, 2020

Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, explains, “There is no class of technologies, or common definition, for ‘supply chain control towers.’ ” They note the focus of many control towers “include procurement, logistics, production, demand planning, and inventory management.”

Supply Chain Planning Software 100

Supply Chain Planning Software Prescriptive Analytics Software Supply Chain Design Software Analytics Software 100

Supply Chain Shaman

JUNE 6, 2013

For clarity, the definitions are: -Strategic Planning: The frequency is either monthly or quarterly and the focus is on long-term planning. They also are clear that the supply chain is defined outside-in based on the channel requirements and the underlying rhythms and cycles of fulfillment, manufacturing and procurement. Many are not.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

The Logistics of Logistics

JUNE 23, 2022

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. The peak season definition is a continued evolution of the seasons in transportation. Bottlenecks from future COVID-19 variants are possible. When and What Is Peak Season ?

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

Enterra Insights

MAY 3, 2018

Concerning consumer-facing cogs, Jeanne Bliss ( @JeanneBliss ), Founder and President of CustomerBliss, writes, “You probably know what omnichannel means, but a quick definition is always helpful. ” Advanced analytics is playing (and will play) a significant role in omnichannel operations. ”[6].

Omnichannel 100

Omnichannel Procurement Analytics Supply Chain Design Software Analytics Software 100

Supply Chain Shaman

JANUARY 21, 2014

Slowly the words take definition in everyday speech. Companies are stuck at the intersection of inventory turns and operating margin. New forms of analytics make new capabilities possible. Each role–customer service, sales, procurement, manufacturing–have a different need/definition for the demand signal.

Supply and Demand 323

Supply and Demand Modeling Demand Planning Software Forecasting 323

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

ShipBob

MARCH 16, 2022

It also helps you gauge the demand for various SKUs in your inventory and plan your procurement accordingly. Automated tools like the ShipBob Analytics dashboard makes the job easier by automatically recording the number of orders that were placed and fulfilled as well as orders that are still processing. Types of fill rate.

Optimal Sourcing 98

Optimal Sourcing Warehousing Inventory Management Software Optimization Software 98

Supply Chain Shaman

SEPTEMBER 24, 2013

Those without any chutzpah define the “supply chain” as an organizational function that focuses only on distribution, manufacturing and procurement. The later definition fits most organizations that I see. Computing power has increased 100X since the 1990s, but the definition of APS remains unchanged.

Supply Chain Planning Software 270

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 270

Supply Chain Shaman

NOVEMBER 27, 2016

Buyers beware of the use of the name without meeting the definition. Could we define business network flows through Apache Spark which can move real-time data like telematics, GPS, weather and temperature data, and sensor information at the speed of business to drive new forms of prescriptive analytics? Definitional Image.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Trends Prescriptive Analytics Software 150

Supply Chain Shaman

NOVEMBER 6, 2016

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. In addition, a fourth area of conflict is process definition and discipline. This allows shared services of procurement and transportation to function smoothly to achieve the economies of scale.

Supply Chain Planning Software 150

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

Silvon Software

JUNE 23, 2020

As with any analytics project, start small and work your way towards your goal. Inventory Turns and Sales-to-Inventory Ratio. Both Inventory Turns and Sales-To-Inventory Ratio can help you better understand a number of different facets of your business – a key one being your planning and fulfillment processes and strategies.

Manufacturing Procurement 86

Manufacturing Procurement Metrics Gartner Supply Chain Planning Software 86

Supply Chain Shaman

APRIL 6, 2017

” (And the definition of ‘good’ is positive comments.) Your suggestions and advice would definitely be helpful.” Sitting on the 15th floor of a high-rise apartment, I am writing a research report on Digital Procure-to-Pay. .” They want me to write about them. ” This makes me laugh.

Supply Chain Software 190

Supply Chain Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 190

Supply Chain Game Changer

OCTOBER 8, 2020

The focus is definitely on the efficiency of operations relating to technological applications. The abbreviated Wikipedia definition is “any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.” The big question is; are you ready? If not, perhaps we can help.

Predictive Analytics Software 74

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Supply Chain Software 74

Supply Chain Shaman

MAY 7, 2015

While companies believe that there is opportunity to building an end-to-end strategy, there is no standard definition. The company that plays to win does not strive to have the best manufacturing costs, or the best procurement practices; instead, the team focuses on winning together cross-functionally on a commonly held portfolio of metrics.

Sourcing Strategies 150

Sourcing Strategies Resource Reduction Optimal Sourcing Cost Reduction Strategies 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