HICX Solutions

SEPTEMBER 23, 2020

This is the second in our series of articles on ‘What is bad supplier data costing you?’ In our previous article , we looked at some real world examples of how poor supplier data can lead to bad or inconsistent decision making. In this article, we’ll be focusing on the hidden costs of poor supplier data.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Logistics Viewpoints

APRIL 24, 2023

The visibility to spend allows them to provide excellent benchmarking in several areas. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. Initially, this product will focus on the purchase order (PO) acceptance process. That has recently changed.

Supply Chain Design Software 202

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 202

Supply Chain Shaman

JUNE 14, 2018

Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. More Data Has Not Resulted In Improved Results. When a manufacturing operation is small, MRP data is easily viewed. Today’s reality is that we have optimized functions not flows. Organizations reward the urgent.

Optimal Sourcing 171

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 171

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Popular Beliefs on Supply Chain Excellence Do Not Align With Results. . Overall, the industry is not aligned with the definition of supply chain excellence. During the presentation, I squirmed uncomfortably in my seat.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Zipline Logistics

FEBRUARY 9, 2021

Logistics data has taken a front seat at forward-thinking CPG brands due to its ability to drive impactful and profitability-focused decisions in all facets of the supply chain. The CPG supply chain generates volumes of data that—when leveraged correctly—can be a differentiator for brands. What is Logistics Data? Learn More.

Optimal Sourcing 52

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

HICX Solutions

SEPTEMBER 23, 2020

This is the second in our series of articles on ‘What is bad supplier data costing you?’ In our previous article , we looked at some real world examples of how poor supplier data can lead to bad or inconsistent decision making. In this article, we’ll be focusing on the hidden costs of poor supplier data.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Supply Chain Game Changer

APRIL 15, 2020

Benchmarking. While it may seem simple, or mundane, benchmarking the digital solutions on the market should be the first step to any kind of digitalization. This is why benchmarking is a crucial part of going digital. Without benchmarking one can very easily shoot way too high, or aim far too low. Publications.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production.

Inventory Reduction 79

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 79

SCMDOJO

MARCH 19, 2024

Data-Driven Decisions The structure provides a framework for collecting and analyzing data across the supply chain. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

NOVEMBER 9, 2014

This team is not buying the message. So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. I was wrong.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

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. The longer the tail, the greater the need for demand sensing and the use of channel data.

Supply and Demand 150

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

Supply Chain Shaman

JUNE 21, 2023

We must rethink our leaders based on performance data and begin holistic learning. ” I smile as I work on data for a client where the greatest risk is demand. Demand latency is the time cycle to translate a channel purchase to an order.) A Focus On Risk. Why Not the Balance of Risk and Opportunity?

Gartner 351

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 351

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 focus is on channel data: price; inventory positions; and policies. Use of Channel Data. The Building Blocks.

Material Savings 183

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 183

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. This advanced form of supply chain analytics offers agility and adaptability, setting new benchmarks for data-driven decision-making.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Everyone is buzzing about Big Data, where it’s coming from, and how best to capture and analyze it. Ensure reliable data. Share data. Automate orders.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

Talking Logistics

APRIL 24, 2017

Last Saturday, we celebrated Earth Day, making this an excellent time for each of us to examine our own commitment to the environment. In recent years, businesses and consumers across the country have demonstrated that sustainability matters – both in terms of what they buy and how vendors are selected. In fact, 22% of U.S.

Optimal Sourcing 116

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 116

Supply Chain Shaman

MAY 1, 2014

There is an inverse relationship between margin and supply chain excellence. Zimmer’s strategic framework focuses on growth, operational excellence and prudent capital allocation. Leaders need to start a system to improve measurement and tie performance to buying incentives. Aggressively Get and Use Channel Data.

Supply Chain Planning Software 289

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 289

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 movement of data in ERP technologies is from the enterprise out. By definition, ERP infrastructure is inside-out.

Prescriptive Analytics Software 150

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

Supply Chain Shaman

JUNE 3, 2013

Today, while the hype has dissipated, some data exchanges remain, and a few are starting to thrive again. While there is work within SAP to rethink SNC and use the assets purchased with Ariba to build multi-tier capabilities, the progress is not encouraging. Today, I feel that this advice is still relevant. Marketplace Rebirth.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 255

Supply Chain Shaman

DECEMBER 26, 2012

However, none of the three companies knew this before the benchmarking activity. This includes the automation of path-to-purchase for consumer products, active shaping of demand through price, channel incentives and promotions, eCouponing and mobile commerce for retail, and product proliferation for all. It constantly amazes me.

Manufacturing Procurement 186

Manufacturing Procurement Purchasing Skills Modeling Supply Chain Design 186

Supply Chain Network

OCTOBER 27, 2017

The research indicates that not only does internal collaboration create financial worth; benchmark companies are leveraging collaboration outside their organizations to create competitive advantages. Maine Pointe calls this Total Value Optimization (TVO)™.

Optimal Sourcing 101

Optimal Sourcing Supply Chain Planning Software Gartner Supply Chain Optimization 101

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. As a result, buyers should buy based on today’s functionality.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management 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. The efficiency and effectiveness improves with data-driven insights.

Negotiate Pricing 88

Negotiate Pricing Negotiating Skills Pricing Training Purchasing Training 88

ThroughPut

MAY 13, 2022

Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. – The goal of demand forecasting is to accurately predict future demand and is, hence, very data-focused.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Demand planners work with sales, marketing, and other key stakeholder teams to extract historical data such as sales and company growth statistics – as well as real-time data on market trends, consumer behavior, etc. – The goal of demand forecasting is to accurately predict future demand and is, hence, very data-focused.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Supply Chain Insights

SEPTEMBER 26, 2012

Companies get the benchmark data on supply chain financial ratios and we get to learn from supply chain leaders in building the analysis and the interpretation of the results. We do want to do: Strategy Days on Supply Chain Excellence: 85% of companies that we work with are confused on the definition of supply chain excellence.

Modeling 137

Modeling Pricing Training Eliminating Excel in Purchasing Purchasing Training 137

Unleashed

JANUARY 24, 2022

For example, you may look after PPE and office equipment in-house but have a supplier of maintenance equipment monitor this inventory on your behalf who raises purchase orders when stocks are low. Identify identical or similar MRO inventory stock items to determine if spending can be reduced through bulk purchases.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Silvon Software

NOVEMBER 28, 2017

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. For many, it may very well be the first time that they’ve had timely, actionable data at their fingertips. Having “nowhere to hide” can be a good thing!

Procurement Analytics 75

Procurement Analytics Procurement Solutions Analytics Software Eliminating Excel in Purchasing 75

Supply Chain Shaman

APRIL 27, 2022

Supply chain excellence is easier to say than to explain. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence. The reason? Discontinued in 2011.

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

SupplyShift

NOVEMBER 29, 2021

The fashion industry is an excellent example of this. Three Actionable Ways to Leverage Supplier Sustainability Information While annual reports might be a great way to put a bow on your sustainability work across the year, consider implementing these strategies as a way to get more mileage out of your data.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

SupplyShift

NOVEMBER 29, 2021

The fashion industry is an excellent example of this. While annual reports might be a great way to put a bow on your sustainability work across the year, consider implementing these strategies as a way to get more mileage out of your data. Create supplier benchmarking reports and share them back with suppliers. Wrapping It Up.

Sustainability 52

Sustainability Report Manufacturing Procurement Optimal Sourcing 52

Supply Chain Shaman

AUGUST 26, 2015

News anchors broadcast real-time data on the stock market, and while there are many commentaries on the positives and the negatives, what is clear is we are in a period of change and uncertainty. The irony is that there is more market data available on true customer spending with less latency than ever before. They are not.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

AIMMS

JUNE 23, 2016

With “Samurai” solutions you get clear benchmarks, predictability, control and reliability. Companies have vast amounts of data at their disposal to plot the right course, but they need powerful algorithms to draw insights from this data and make it actionable. Build your own Apps appeared first on AIMMS.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Data Managers. IT Specialists. Finance managers.

Supply Chain Planning Software 96

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

AIMMS

JUNE 23, 2016

With “Samurai” solutions you get clear benchmarks, predictability, control and reliability. Companies have vast amounts of data at their disposal to plot the right course, but they need powerful algorithms to draw insights from this data and make it actionable.

Prescriptive Analytics Software 136

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 136

Supply Chain Insights

JULY 17, 2012

We are busy combing twenty-five years of financial balance sheet data and combining it with quantitative research studies to try to help the world understand the true value of supply chain excellence. The community will feature job postings, a WIKI and benchmark data. We want to be the team that you will turn to first.

Supply Chain Design Software 110

Supply Chain Design Software Supply Chain Planning Software Buyer Training Modeling Software 110