Supply Chain Shaman

OCTOBER 5, 2018

Based in Paris, L’Oréal is a global personal care manufacturing company. Note that the company is at the industry average on growth, but outperforming the average on operating margin, inventory turns, return on invested capital, market cap, price to tangible book. (Read more to understand the details on the Supply Chain Index ,).

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Requis

OCTOBER 30, 2020

He provides a wide array of educational content for supply chain practitioners, including the Supply Chain Secrets channel on YouTube and a number of books, including his latest, Supply Chain Secrets. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

NC State SCRC

SEPTEMBER 18, 2017

Procurement is always thinking about cost savings, year over year. What if, for example, procurement has a budgeted amount for 4.5 cents, so procurement declares victory and says they saved their organization a lot of money: 3 cents per unit! Vel Dhinagaravel, CEO of Beroe , thinks this is the wrong way to measure procurement.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Procurement Material Savings 40

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. This is effectively a “snapshot” in time. and “What is the potential return on investment?

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement 40

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. The goal is deeper analytics to sense and respond across make, source and deliver. It is clear. I am not surprised.

Prescriptive Analytics Software 150

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

DECEMBER 29, 2016

The original AMR Research analysis focused on a benchmarking sample of over 70 companies. To gain competitive economies of scale and drive the segmented response, the back office operations–procurement, manufacturing and transportation–are automated and effective. The issue? Trying to Right a Wrong.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

KEPLER Consulting

MARCH 23, 2018

The purpose of this article is to share our experience in the use of machine learning to generate quick saving opportunities and homogenize purchased pricing across business units / regions in large groups. Utilize benchmarking to identify gaps across BU/Regions and optimized sourcing strategies. Value proposition.

Negotiating Skills 64

Negotiating Skills Purchasing Skills Negotiate Pricing Material Savings 64

GlobalTranz

DECEMBER 29, 2015

We've already listed the top 10 manufacturing articles, the top 10 supply chain articles, and yesterday, the top 10 logistics articles. However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark. Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis.

Transportation Management 120

Transportation Management Transportation Cost Reduction Strategies Sourcing Strategies 120

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation.

Waste Reduction 274

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

Supply Chain Shaman

AUGUST 26, 2015

While on most days it is hard to book at this hotel since demand is higher than supply of rooms, during this period, the room occupancy was so low, that they shut down the restaurants. While the macroeconomic signals trigger market downturns, to meet Wall Street expectations, manufacturers usually push products into the market.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

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. Customer-Centric Benchmarking. Interested in benchmarking your supply chain on customer-centric strategies? What do you think?

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

CH Robinson Transportfolio

JANUARY 25, 2018

Incentives for carriers to purchase new trucks include better fuel economy, lower maintenance costs, higher reliability, and improved driver recruitment and retention. Smaller carriers purchasing used trucks may be able to recruit friends and family members to join the business during these strong economic times.

Trends 34

Trends Manufacturing Procurement Purchasing Skills Price Reduction 34

Supply Chain Movement

JUNE 11, 2014

Thirdly I have set up global raw material supply (GMS), a supply entity that consolidates CAN’s global purchase orders and global vendors to plan and deliver raw materials for our manufacturing sites. Our buyers are purchasing micro ingredients, such as vitamins, additives, minerals, etc. All three should be in balance.”.

S&OP 107

S&OP Supply and Demand Material Savings Sourcing Strategies 107

Supply Chain Shaman

MAY 3, 2015

Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” This type of benchmarking is the most powerful in the comparison of like competitors. The Inventory Management Journey. Why is progress so hard?

Inventory Reduction 150

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

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease waste by 20 percent across all Kraft Heinz manufacturing operations by 2025. E.g., procurement has great lines of communication with suppliers and can get their attention.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

SupplyShift

NOVEMBER 4, 2020

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. Decrease waste by 20 percent across all Kraft Heinz manufacturing operations by 2025. E.g., procurement has great lines of communication with suppliers and can get their attention.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Gartner 52

Supply Chain Shaman

OCTOBER 2, 2015

The commercial model of the company is to make money through speaking, research studies for others, facilitated workshops, benchmarking, training and events. I need a source of supply chain insights that is current.” People scratch their heads… We are mavericks. Her dilemma was that she found the materials old.

Supply Chain Planning Software 150

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

Supply Chain Shaman

JUNE 15, 2015

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management.

Supply Chain Planning Software 150

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

Supply Chain Trend

AUGUST 13, 2020

In my benchmark survey (Van Hove, 2017), only 25% of survey participants answered yes to the question ‘ We have a relentless focus on only what is important for long term business objectives ’. AI has been estimated to displace 38% of transport jobs and 30% of manufacturing jobs (Ghosh, 2018). Hatchet Books, Ney York.

Supply Chain Software 147

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 147

Logistics Bureau

NOVEMBER 6, 2023

Of course, switching to more efficient lighting requires significant investment, especially if you choose induction lights, which are particularly expensive to procure. It also offers benefits regardless of whether you are already using energy-efficient light sources. What Else Can We Do to Reduce Energy Consumption?

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

Supply Chain Shaman

JUNE 15, 2015

High-tech manufacturers in the Silicon Valley of the United States are some of the best at supply chain planning. I also believe that SAP is one of the best, if not the best, ERP system for most process manufacturers. Ariba, while mature for indirect procurement, is still not the preferred method for direct material management.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

Zipline Logistics

DECEMBER 2, 2019

A manufacturer of health-conscious snack foods was shipping product to its retail customer in Chino, CA. A food manufacturer was shipping a 26-pallet order into Costco. This cost the vendor: $60 in detention to diagnose the source of the rejection. $75 Simple Truck Issue Equals Retail Shipping Headache for Snack Company.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 52

Arkieva

APRIL 21, 2016

The Discipline of Market Leaders, Basic Books, 1995) argues that in any sector, a company can be a market leader by excelling in 1 of 3 dimensions only. The flexibility will come from multi-sourcing, ample capacity, fast transportation modes, … this flexibility will come at a cost. Treacy & Wiersema (Treacy, M., Wiersema, F.,

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 60

Precoro

FEBRUARY 27, 2023

After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. Spend analysis involves spend visibility , spending review , and procurement process improvement. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Arkieva

JANUARY 6, 2017

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. Supply Chain Complexity 1 – Plan/Source/Make/Deliver/…. Today we face a comparable optimism and belief in Big Data and Manufacturing 3.0. Read More ». Read More ».

Inventory Reduction 62

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 62

Unleashed

JULY 11, 2021

Sustainability certifications help consumers identify whether or not a product or manufacturer is sustainable. A benchmark baseline will establish fair and standardised testing and comparisons. Across Europe, EPDs are routinely factored into personal and corporate level purchasing and supply chain management decisions.

Sustainability 98

Sustainability Manufacturing Procurement New Zealand Waste Reduction 98

Supply Chain Shaman

JULY 25, 2016

We think deep research to help companies determine benchmarks and set goals. It is data driven research: a deep analysis of performance, improvement and Price to Tangible Book Value of 320 companies across 31 industries for the period of 2009-2015. In the report, we wanted to determine which factors correlate to Price to Tangible Book.

Pharmaceutical 210

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 210

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Protectionist trade policies are also causing companies to shift their country sourcing practices, and there is no reason to believe that we will see geopolitical posturing along the trade front fade soon. Weathering the Trade Policy Storm. Following the U.S.-China Global trade volatility carries a hefty price tag.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

Supply Chain Shaman

AUGUST 21, 2016

The caller had prior experience with a major household products company and recently transitioned to a smaller, but global discrete manufacturer. For most companies, greater economy of scale is possible through the global management of procurement and transportation and local management of sales, manufacturing and customer service.

S&OP 150

S&OP Supply and Demand Supply Chain Planning Software Price Reduction 150

Unleashed

MAY 2, 2022

In the manufacturing space, for example, it commonly describes how quickly a business can manufacture its product from receiving a customer order through to shipping. By using it over time, you’ll be able to compare your current lead times to previously established benchmarks – perhaps your average lead time, or an agreed target.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

Supply Chain Shaman

SEPTEMBER 13, 2016

Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). The change in front of us will transform the base-level definitions of source, make and deliver. 3) Rethinking Manufacturing. What does it take?

Supply Chain Planning Software 195

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

Supply Chain Game Changer

OCTOBER 11, 2022

For instance, the quality of inventory storage and manufacturing efficiency impact delivery lead times. Communication of this kind will prevent any procurement delays. Examine every point of the manufacturing process and pay attention to on-site inventory storage. Your operations are an integral part of the supply chain.

Optimal Sourcing 81

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 81

Talking Logistics

APRIL 20, 2016

The New York Times best-selling book The Boys in the Boat by Daniel James Brown tells the story of how the University of Washington’s eight-oar crew team overcome great odds and adversity to win the gold medal at the 1936 Olympics in Berlin. Step 2 – Develop Metrics and Data Sources. Which metrics are the right ones?

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy Supply Chain Design 100

Supply Chain Shaman

JUNE 6, 2015

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. I, like many of you, read this book when it was published. He discussed the adoption of the steam engine and the electric motor in the manufacturing sector. Why so long?

Supply Chain Planning Software 150

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

Unleashed

OCTOBER 20, 2021

Another important choice you’ll have to make when you’re deciding on what hardware to purchase is: Should you use a cloud-based or an installed inventory system? Alternatively, if you purchase your own server this could cost anywhere from US$1200 to more than $10k – again, depending on your needs.

Inventory Management Software 96

Inventory Management Software Inventory Management Forecasting Software Inventory Reduction 96

Supply Chain Insights

JULY 26, 2016

We think deep research to help companies determine benchmarks and set goals. It is data driven research: a deep analysis of performance, improvement and Price to Tangible Book Value of 320 companies across 31 industries for the period of 2009-2015. Steps to Take to Improve Price to Tangible Book. Background. What Drives Value?

Pharmaceutical 110

Pharmaceutical Supply Chain Design Supply Chain Strategy Supply Chain Planning 110