Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Determine Forecastability and Forecast Value Added (FVA). I am often asked to benchmark demand.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Unleashed

FEBRUARY 1, 2023

In this article, we do a deep dive into demand planning and look at what steps, strategies and KPIs can be used to develop best-practice demand planning and forecasting. This enables the company to manufacture and distribute its product in a way that, ideally, efficiently meets consumer demand. What is demand planning?

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. WMS failure causes Adidas to under ship by 20%. 100M in lost sales and 20% drop in stock price in one year. Tri-Valley Growers.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

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

ThroughPut

DECEMBER 6, 2023

.” Unlike diagnostic and descriptive analytics, which were designed to analyze situations after they happened, predictive analytics utilizes advanced data analytics techniques to forecast future outcomes. Time series forecasting focuses on predicting future data points based on past sequences.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Enroll Now!

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Unleashed

MAY 31, 2024

Sell-through rate is an important key performance indicator (KPI) in retail, manufacturing, and inventory management that measures the percentage of inventory sold compared to the amount received from suppliers within a specific period. Advanced analytics have revolutionised the way businesses forecast trends and understand sales patterns.

Inventory Reduction 52

Inventory Reduction Price Reduction Procurement Analytics Waste Reduction 52

Supply Chain Shaman

AUGUST 14, 2016

It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. In contrast, the traditional supply chain forecasts using historical orders and adjusts based on sales forecasting. The sharing forecasts in supplier relationships is of little value. Order Policy.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

Unleashed

JULY 25, 2023

It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed. Once you know it, measure your inventory turnover against industry benchmarks and look for opportunities to better position your business by managing your inventory more strategically.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Material Handling & Logistics

DECEMBER 3, 2018

But manufacturers have long felt that perfect order performance is an admirable yet unattainable goal. According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. Ensure reliable data. Automate orders.

Manufacturing Procurement 100

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

IQMS

MARCH 22, 2021

Bottom line: Constrained by shortages across their supply chains, manufacturers prioritize Warehouse Management Systems (WMS) to keep production on schedule, so customer shipments are made on time – proving how invaluable every effort focused on improving warehouse management performance is today.

Inventory Reduction 54

Inventory Reduction Resource Reduction Cost Reduction Strategies Material Savings 54

Supply Chain Trend

AUGUST 13, 2020

IBP fully integrates strategy with rolling forecasts , with a process for enterprise resource reallocation and with a corporate communication plan (Van Hove, 2016). A system can automatically ship stock across the supply chain to optimize customer service and minimize obsolescence. Automation versus Augmentation.

Supply Chain Software 147

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

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. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

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

Supply Chain Game Changer

NOVEMBER 19, 2018

And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

SCMDOJO

NOVEMBER 9, 2023

This technique involves selecting an individual item, meticulously counting it, and comparing the result to the benchmark. The quintessence of this strategy revolves around positioning the most briskly selling items within immediate proximity to the shipping, staging, and delivery zone.

Inventory Reduction 82

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 82

BlueYonder

MAY 16, 2018

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). The survey found that trying to keep up with customer expectations is driving retailer investment in the supply chain, while agility and innovation is driving manufacturer investment.

Supply Chain Planning Software 40

Supply Chain Planning Software Survey Supply Chain Software Agile and Lean Supply Chain 40

BlueYonder

MAY 16, 2018

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). The survey found that trying to keep up with customer expectations is driving retailer investment in the supply chain, while agility and innovation is driving manufacturer investment.

Supply Chain Planning Software 40

Supply Chain Planning Software Survey Supply Chain Software Agile and Lean Supply Chain 40

CH Robinson Transportfolio

JANUARY 25, 2018

What’s not clear is if these strong truck sales forecasts will add capacity or primarily serve as replacement capacity. While actual equipment forecasts are strong, driver availability will continue to pose a significant challenge for the trucking industry. GDP and manufacturing indices continue to show strength in the economy.

Trends 34

Trends Manufacturing Procurement Purchasing Skills Price Reduction 34

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But that was pre-COVID.

Optimal Sourcing 285

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 285

Arkieva

JANUARY 6, 2017

Three Steps to a Better Statistical Forecast Setup. Arkieva COO – Sujit Singh, outlines three essential steps to better statistical forecasting — simulate, measure, refine. She shared that her business had implemented a statistical forecasting package from one of the leading vendors during the previous year.

Inventory Reduction 62

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 62

Unleashed

JULY 2, 2023

Jump down to the How to use Days Inventory Outstanding in your business section of this article to see some benchmark DIO figures for popular retail industries.) If your DIO is trending upwards, you should analyse your sales process and demand forecasting strategy. Learn more: The 13 Principles of Lean Manufacturing Explained 3.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Requis

OCTOBER 30, 2020

There are much better planning and forecasting systems now. Manufacturing sites have been rationalized in terms of, “we don’t need five factories in this country, we only need three, then two, then we don’t need them at all, we’ll move them to China”. There’s a huge swathe of companies that have shockingly poor forecasting accuracy.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Supply Chain Opz

JANUARY 18, 2015

Working with different companies as part of our S&OP research, we found that there is often considerable separation between the demand-generating sales & marketing functions and the demand-satisfying supply chain management and manufacturing functions, which are the main functional areas involved in the planning process.

S&OP 100

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Planning 100

MIT Supply Chain

MAY 8, 2013

the public cloud services market is forecast to grow 18.5 Let’s bring it down to earth with a specific example – ocean shipping. As suggested in my recent post What Price Ocean Shipping? According to the research firm Gartner, Inc., percent in 2013 to total $131 billion worldwide, up from $111 billion in 2012.

Supply Chain Design Software 63

Supply Chain Design Software Analytics Software Price Reduction Industrial 63

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. 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.

Supply Chain Planning Software 96

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

Global Trade Management

NOVEMBER 9, 2016

Supply chain leaders recognize the importance of visibility as it streamlines operations, reduces business risk, increases efficiencies and enables better decision making and forecasting based on insights offered by real-time data. In-transit visibility creates vast opportunities for supply chain optimization.

Real-time Visibility 40

Real-time Visibility Supply Chain Visibility Supply Chain Software Supply Chain Optimization 40

Unleashed

JULY 23, 2023

Key Performance Indicators (KPIs) help manufacturers determine operational strengths and flaws. By tracking the right manufacturing KPIs in your production operations you can accurately monitor performance to ensure the consistent and timely delivery of quality products. In this manufacturing KPIs guide What are KPIs in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

Logistics Bureau

APRIL 8, 2016

To get an idea of the return on such an investment, consider these figures from Benchmarking Success. Manufacturers: best in class <10.3% industry average 6.8%. Your spend analysis and this basic benchmarking will show you where you are, and where you could be. Uncertainty. Economies of scale.

Cost Reduction Strategies 40

Cost Reduction Strategies Material Savings Inventory Reduction Expense Reduction 40

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

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. We align our supply chains along these strategies and, at the same time, we aim for lean and/or agile manufacturing.

S&OP 107

S&OP Supply and Demand Material Savings Sourcing Strategies 107

Logistics Viewpoints

AUGUST 9, 2022

Just last year many were chartering their own cargo ships to get all these goods to their destinations.) What’s in manufacturing? More supply chain companies sharing more real-time data creates richer opportunities for benchmarking, analysis, insights and collaboration to drive business benefits for all parties.

Inventory Management Software 227

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 227

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. As it takes time for shipping to reset back to ordinary capacity levels and flows, this change impacts rates, and can also influence other supply chain decisions where transportation rates and on-time performance play a major role.

Predictive Analytics Software 130

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

Cognira

NOVEMBER 28, 2023

Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. Shipping transparency chips in the bargain, as the lack of visibility into the package status through the delivery process can lead to dissatisfaction and order cancellation.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

6 River Systems

APRIL 23, 2019

Rupy Sawhney is the Heath Fellow in Business and Engineering at the University of Tennessee, combining both fields through his knowledge of lean manufacturing, the optimization of production without a drop off in quality or worker health. Rupy Sawhney. mccarterenglish. Charlie Wilgus. Lucas_Group. Rob Miller. BalluffSensors.

Warehousing 97

Warehousing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 97

GlobalTranz

SEPTEMBER 14, 2016

Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

Logistics Bureau

AUGUST 10, 2017

If so, you’ll need to consider whether you will pass the costs of high-speed delivery on to the customer as shipping charges or absorb them in the retail price of your products. Similarly, it will pay to look for providers that specialise in the types of freight that your company wishes to ship. Is your company a manufacturer?

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44

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. If you drop below the benchmark, it’ll show you that something has happened to slow you down. manufacturing).

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98