Supply Chain Shaman

JUNE 21, 2023

The company’s focus on item proliferation resulted in 40% of items moving into a non-forecastable category. Since the company does not measure forecastability, the team continued to use traditional methods for forecasting, increasing the bullwhip effect and driving internal supply chain disruption.

Gartner 424

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 424

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

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 176

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 176

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. This causes a misalignment of actions, such as suppliers not making the right item at the right time due to forecast inaccuracy. These are three examples: Rule 3.1:

Waste Reduction 274

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

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. Traditional approaches like consensus forecasting can make this bias even worse. Need for Demand Sensing.

Supply and Demand 150

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

Supply Chain Shaman

JUNE 6, 2015

I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. In my analysis of the supply chain planning benchmarking data, I can see it. I worked first at Gartner Group and then at AMR Research. I was a skeptic.

Supply Chain Planning Software 150

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

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Silvon Software

APRIL 16, 2025

Supply chain managers use ATP to trigger reorders or adjust forecasts. Benchmark against your industry average for best insight. Improve demand forecasting and align purchasing with actual sales trends Use sell-through rate analysis to right-size future buys Monitor slow movers and take action early (e.g.,

Optimal Sourcing 65

Optimal Sourcing Inventory Reduction Supply Chain Optimization Price Mitigation Strategies 65

Silvon Software

MAY 6, 2025

Modern platforms pull data from a wide array of sources: ERPs, relational databases, Excel files, cloud apps, third-party providers, and beyond. Compatibility with Other Tools Seamless integration with Power BI, Excel, and other applications for further data exploration in familiar environments.

Prescriptive Analytics Software 89

Prescriptive Analytics Software Analytics Software Predictive Analytics Software Supply Chain Planning Software 89

SCMDOJO

JUNE 9, 2025

In the procurement phase, documentation begins with purchase orders and supplier contracts. To actively reduce manual errors and benchmark performance, SCMDOJO’s Logistics KPIs Excel Template offers a ready-to-use tool that tracks efficiency metrics directly tied to documentation quality.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

SCMDOJO

JULY 2, 2025

Companies like FedEx and DHL spend significant resources developing proprietary systems to stay ahead in operational excellence. Their customized solution both optimizes business operations and sets new industry benchmarks. The construction of proprietary platforms used to be expensive for mid-sized and small businesses.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 52

crisp

NOVEMBER 8, 2024

This busy time of year demands an agile approach, powered by real-time data, to meet these diverse demands and deliver excellence in the new year. Supply chain teams benefit from real-time retail data by using it to forecast demand and plan inventory more effectively.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Inventory Reduction Resource Reduction Price Reduction 52

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

crisp

JUNE 29, 2022

His analysis covers buyer presentations, R&D, volume forecasting, and data for marketing. For his own use, Dan loves Crisp’s Outbound Connector for Excel , which automatically refreshes the latest retail insights directly into his frequently used Excel files. We have one source of truth, and that stems from Crisp.”

Supply Chain Planning Software 98

Supply Chain Planning Software Inventory Reduction Sourcing Strategies Data 98

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. This makes it difficult to monitor consumption precisely and forecast and budget accurately to meet MRO inventory needs.

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

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. In other words, 10% of orders being shipped by companies who are median performers have some form of failure or defect, so 10% of order recipients are disappointed. Ensure reliable data.

Manufacturing Procurement 100

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

Oracle SCM

JULY 12, 2017

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. This process integrates financial strategic budgeting and forecasting systems with operations planning and allows smart trade-off decisions to be made for the business. Strategy 6: Ensure a reliable and predictable supply.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Silvon Software

APRIL 18, 2024

These tools enable organizations to quickly turn insights into actions with strong stakeholder buy-in while accelerating the execution of strategies across the business and the attainment of an organizations’ objectives. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SCMDOJO

MARCH 19, 2024

This includes providing excellent customer service, so businesses can enhance customer satisfaction and loyalty. Materials Planner Forecasts material needs based on production plans and sales forecasts. Demand planners / S&OP Lead Analyze historical data and market trends to forecast customer demand. Enroll Now!

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Procurement Academy

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Integrating these platforms takes more than just purchasing software though, you’ll also need to invest in your staff.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90

Supply Chain Network

DECEMBER 14, 2013

Speaker(s): Rob Bass, Vice President, Distribution, Best Buy Co., On top of the Omni-channel Track, below are the additional sessions incorporating omni-channel themes: Connecting the Bits: The Networked Company & Operational Excellence. Achieving Supply Chain Excellence in a Dynamic Era.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

crisp

MAY 29, 2025

When CPG organizations lack a unifying retail data foundation let alone when they still rely on manual reporting or even just syndicated and outdated market reports it can be hard to devise winning pitches with full company buy-in and transparency. Against competitive benchmarks? Hugo Lopez, UNFI, Nestl USA | Read the case study 3.

Modeling 40

Modeling Optimal Sourcing Inventory Reduction Cost Reduction Strategies 40

ThroughPut

JUNE 24, 2022

These intelligent systems can analyze and interpret huge datasets quickly, providing timely guidance on forecasting supply and demand. These AI systems with intelligent algorithms can also predict and discover new consumer habits and forecast seasonal demand. 1) BOLSTERING PLANNING AND SCHEDULING ACTIVITIES.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

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. This is particularly so because systems to track supply forecasts and flows are becoming more and more sophisticated. Track KPIs and benchmark the supply chain’s performance. Purchasing Agent.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

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. Either the company is a product leader, is a leader by operational excellence, or is a leader in customer intimacy. Operational Excellence Leader. Wiersema, F.,

Inventory Reduction 60

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 60

Locus

JUNE 10, 2025

Customers often report double-digit reductions in delivery costs and significant boosts in on-time performance, thanks to Locus’s ability to balance constraints, forecast accurately, and self-correct when needed. Benchmarks suggest routes are often 10–15% longer compared to results from platforms built for enterprise-scale complexity.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 52

Supply Chain Game Changer

DECEMBER 3, 2019

First I would talk with the 3 main people in charge of the Inventory Management and Procurement buying functions within the company. On top of that I did some benchmarking for the industry so that I knew how the market leaders were performing and where we stood (which was at the bottom of the class). There were no targets.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 72

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? It includes several steps: from identifying business goals to finding ways to cut off extra expenses and improve forecasting. The answer is simple: spend analysis. Many factors may be used for conducting comparisons.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

Requis

FEBRUARY 4, 2021

Nicolas Vandeput is a supply chain data scientist who specializes in demand forecasting and inventory optimization. He has taught forecasting and inventory optimization to masters’ level students since 2014. I like to describe myself as somebody who is passionate about supply chains, demand forecasting, and inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Modeling 52

BlueYonder

AUGUST 28, 2017

Operational Excellence Delivers Profit Optimization. These programs have improved visibility into the causes behind underperformance, and allowed the initiation of coaching programs to ensure employees are positioned to excel. Incentivization programs are undeniably effective in motivating employees as well.

Optimal Sourcing 65

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 65

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. And you probably measure the efficacy of your tools and processes with well-known forecast accuracy KPIs.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Supply Chain View from the Field

APRIL 1, 2015

What must we excel at? operational excellence perspective). The balanced scorecard and its related ideas have been adapted by numerous companies and applied to purchasing and supply. What must we excel at? operational excellence perspective). customer satisfaction perspective). innovation perspective).

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

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. Clear Demand Forecasting Without Advanced Analytics: It’s hard to predict what customers will want. is advanced supply chain analytics.

Prescriptive Analytics Software 52

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