Supply Chain Shaman

JULY 21, 2015

In the recent research that we have just completed on supply chain planning benchmarking, we surveyed 430 planners. In Figure 1, I share an analysis of user satisfaction of demand, tactical supply, inventory and Sales and Operations Planning (S&OP) technologies using this technique. My goal is to share insights from the research.

Supply Chain Planning Software 150

Supply Chain Planning Software Demand Planning Software Supply Chain Software Analytics Software 150

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. I also believed that this company would have the best inventory and customer service. I also believed that this company would have the best inventory and customer service. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

Supply Chain Shaman

AUGUST 14, 2016

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. (The The use of customer segmentation to determine priority in matching inventory with orders during the order cycle. Channel Sensing.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. The original AMR Research analysis focused on a benchmarking sample of over 70 companies. Each year we take the best-read blog posts and make a softcopy book. For the holidays, we shared the 2016 book as an ebook.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

SEPTEMBER 9, 2015

In our analysis of the 2015 Supply Chains to Admire work, we analyzed 320 companies in 23 industries on growth, operating margin, inventory turns and Return on Invested Capital (ROIC) for the time period of 2006-2014. I am proud to introduce a methodology that can be applied across industries in benchmarking analysis.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain 150

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin. Growing Pains.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Supply Chain Shaman

MAY 19, 2016

We are currently doing correlations to our quantitative survey responses (over 6000 respondents) to understand which practices make the largest difference in driving Market Price to Tangible Book. Understanding the methodologies is key to enable benchmarking. I believe that supply chain leaders need to drive value-based outcomes.

Gartner 158

Gartner Pharmaceutical Predictive Analytics Modeling Software 158

Supply Chain Shaman

MAY 17, 2015

I am deep in research analysis of a couple of efforts (wrapping up our first year of supply chain planning benchmarking for ten clients, writing reports for the Supply Chain Insights newsletter and finishing some work with a couple of manufacturing clients) that are all telling me the same thing: companies are feeling supply chain pain.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

Freightos

FEBRUARY 28, 2022

Target, Q3 2021 : “ This year’s gross margin rate reflected pressure from higher merchandise and freight costs, increased inventory shrink, and increased supply chain costs from increased compensation and headcount in the Company’s distribution centers. ”.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177

Supply Chain Shaman

DECEMBER 15, 2015

For the discrete industries we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee, and SG&A ratio for the periods of 2006-2014 and 2011-2014. Inventory Turns. Progress on inventory turns is declining due to business complexity. It is more difficult now.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

DECEMBER 15, 2015

For the discrete industries, we contrast the industry averages for growth, operating margins, inventory turns, cash-to-cash cycle, revenue per employee and SG&A ratio for the periods of 2006-2014 and 2011-2014. Inventory Turns. Progress on inventory turns is declining due to business complexity. It is more difficult now.

Industrial 150

Industrial Industry Inventory Reduction Metrics 150

Supply Chain Shaman

APRIL 6, 2015

I am busy finalizing a report on the current state of the inventory optimization market, rewriting and updating a report on Sales and Operations technologies, and penning a new report on Supply Chain Centers of Excellence. (We We are also finishing up quantitative studies on inventory optimization and Sales and Operations Planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Planning 150

crisp

JANUARY 24, 2024

Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store. This feed is designed for suppliers, particularly those who are not category advisors, to benchmark and analyze their book of business.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

Logistics Bureau

JANUARY 19, 2020

Services provided by Supply Chain Secrets include a structured, subscription-based, online mentoring program for supply chain professionals (or anyone who wants to know more about the industry), a series of books, and of course, the seminars. Inventory management and optimisation. Benchmarking and KPI development.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning Cost Reduction Strategies 52

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

ToolsGroup

JULY 11, 2017

Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. 4-9% decrease in the value of obsolete inventory as a percentage of total stocked goods (product costs).

S&OP 92

S&OP Supply and Demand Inventory Reduction Price Reduction 92

Veridian Solutions

JANUARY 29, 2020

This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Poor replenishment and reordering of inventory. Key indicators that your strategy is working include: Strong, Lean Inventory. A strong inventory is a benchmark for a working distribution fulfillment strategy.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

Arkieva

APRIL 7, 2016

Ensure continued alignment by sharing inventory turns as a KPI. Figure 1 shows it for inventory and service. The idea is that more service, typically comes with a higher inventory (or lower turns). They increase the service but require a higher inventory. It will lower cost but increase inventory or decrease turns, cfr.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Supply Chain Strategy 60

Arkieva

APRIL 21, 2016

We have looked at the EBIT per inventory $ or per working capital $ to define a best-practice frontier. That frontier can then be used for setting balanced targets on EBIT% versus Inventory Turns or EBIT% versus CCC. or a more focused improvement on EBIT% for the current Inventory Turns (or CCC). Wiersema, F.,

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 60

Unleashed

OCTOBER 20, 2021

A good inventory management system can play a vital part in the smooth running of a business – and getting it set up properly can make all the difference. Learn more: What is Inventory Management? Techniques for 2021 What hardware requirements are there for an inventory management system?

Inventory Management Software 96

Inventory Management Software Inventory Management Forecasting Software Inventory Reduction 96

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). However, it was the stark reality of the economy that was my wake-up call.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. Much of the book was written based on my own recognition that the field needs to change. The principles at the time were certainly appropriate.

Optimal Sourcing 40

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

Supply Chain Shaman

APRIL 14, 2015

Orbit Chart Comparing Syngenta and Monsanto Progress on the Effective Frontier – Balancing Inventory Turns and Operating Margin for the Period of 2005-2014. Orbit Chart of Syngenta and Monsanto of Progress on Operating Margin and Inventory Turns. The potential of the Syngenta and Monsanto businesses is very different.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 150

Arkieva

APRIL 28, 2016

In her book “Supply Chain Metrics that Matter”, Lora elegantly captures that many companies mistake efficiency for effectiveness. I see many companies define strategies and budgets in an incremental and peanut butter approach like “we’d like you to reduce supply chain costs and inventories with 5% next year”. The only way seems down.

Cost Reduction Strategies 60

Cost Reduction Strategies Price Reduction Inventory Reduction How To 60

Freightos

MARCH 23, 2023

Rates are falling back to pre-pandemic levels or below – transpac rates to the West Coast approaching just $1,000/FEU, lower than any point in 2019 – because the market is now in a down cycle, just like it has been many times in the past after an inventory build up and before an inventory correction. More (too much?)

Price Reduction 156

Price Reduction Industrial Industry Inventory Reduction 156

Supply Chain Opz

NOVEMBER 9, 2014

Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Requis

AUGUST 13, 2020

as a benchmark for the percentage of assets sold by these energy companies, it would be a sign that asset disposition sales are much lower than they should be. The average holding cost for surplus assets and stored inventories is 20% of the book/fair market value.”. Fig 2: Total annual asset sales for oil and gas majors, IEA.

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Tompkins Blog

APRIL 2, 2014

Benchmarking & Best Practices Consortiums. Supply Chain IT Systems. Material Handling Integration. Special Services. Our Focus Industries. Consumer Products. Pharmaceutical & Healthcare. Third-Party Logistics. Our Thinking. Client Success Stories. White Paper. Consortium Report. Contact Us. Webinar On Demand. 800-789-1257. |.

Demand Planning Software 40

Demand Planning Software Supply and Demand Supply Chain Design Software Network Design Software 40

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Arkieva

JANUARY 6, 2017

Arrange your inventory based on how often you need to use it. View the full post or view the snippet below: Over the last 5 years, I have seen many companies launching inventory reduction programs. Our definition of Sales Inventory and Operations Planning (SiOP) at Solventure contains the following steps: Read More ».

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

Logistics Bureau

NOVEMBER 6, 2023

For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? If so, other areas might house less inventory (perhaps slow-moving SKUs only) or be assigned as bulk storage, requiring less use of artificial light and other costly energy resources. Book your free consultation now.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

Zipline Logistics

JANUARY 24, 2020

Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. If you are unable to consistently fulfill the “in-full” portion of OTIF, adjusting minimum orders or order cadence can help your organization build inventory to better manage requirements.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

NC State SCRC

JUNE 27, 2017

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. They may provide specific KPI benchmark levels for a process (in such terms as percentage cost savings).

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Logistics Bureau

JANUARY 21, 2018

You need to do regular checks such as Benchmarking to make sure that performance is in line with expectation and is also within industry norms. Therefore, you may experience build up in inventory levels, unbalanced inventory deployment and the consequential impacts on customer service and cost.

Supply Chain Performance 40

Supply Chain Performance Supply Chain Design Software Supply Chain Software Resource Reduction 40

Zipline Logistics

DECEMBER 2, 2019

Big box stores now keep a low, agile inventory that is built for quick turnaround and replenishment from its suppliers. To keep that inventory properly supplied and functioning as intended, stores now require that vendors have basically error-free supply chains.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 52

Supply Chain Shaman

JUNE 15, 2015

It bundles Integrated Business Planning, a Supply Chain Control Tower, Inventory and Demand/Supply planning into a new cloud-based architecture based on HANA. As this happens, we will see multitier Available to Promise (ATP) solutions, online network performance benchmarking, and much more advanced multitier sensing and modeling.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

Logistics Viewpoints

MARCH 4, 2021

Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. . On-time-in-full performance of distribution centers.

Supply Chain Planning Software 261

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 261