ToolsGroup

MARCH 3, 2021

shorter product life cycles, and often protracted supply lead times. shorter product life cycles, and often protracted supply lead times. This article will explore the different retail channels and reveal tips for finally mastering demand forecasting for the fashion industry. Hybrid models (i.e.

Supply and Demand 296

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 296

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

SCMDOJO

NOVEMBER 29, 2023

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

Inventory Reduction 88

Inventory Reduction Material Savings Resource Reduction Inventory Management Software 88

Supply Chain Shaman

DECEMBER 17, 2019

Her face scrunches in pain as I lead the barre with the wrong tempo. On a supply chain blog? As I struggle to build musicality, I think about the rhythms and cycles of the supply chain. Supply Chain Rhythms and Cycles. Few understand resiliency, buffers and the need for the adaptive supply chain. I frustrate her.

Supply Chain Planning Software 209

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Supply Chain Strategy 209

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Shaman

DECEMBER 30, 2021

Let me start this blog by asking, “Shouldn’t you be worried too?” So, I write this blog with this bias. I believe that the remedy is far different than ambling down traditional paths. As ports become more congested, lead time variability increases. As I watched, I shook my head. I am worried.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 195

ToolsGroup

NOVEMBER 4, 2022

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is. Source: Insider.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

ToolsGroup

NOVEMBER 27, 2018

Editor’s Note: Two years ago we posted a blog about how to set an annual forecast accuracy target and it was one of our most popular topics. As we approach that time of year again, we decided to run an updated version. How much can you realistically expect to improve your forecast accuracy each year?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

So here is an overview defining demand planning and how it differs from demand forecasting, discussing its importance, outlining the process, touching upon the impact of AI, and ending with a section on choosing demand planning software. How Does It Differ from Demand Forecasting?

Supply and Demand 52

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

Enterra Insights

OCTOBER 11, 2022

”[1] She also hints it’s time to move on. She writes about a unit of DuPont (now acquired by DOW) that, in the early 2000s, was “ahead of [its] time on simulation analysis and cross-functional orchestration.” Evan Quasney, Vice President of Solutions Marketing at Anaplan, seems to be of a like mind.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

Supply Chain Trend

DECEMBER 22, 2023

Many which I’ve highlighted over the years in blogs and articles. Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. We’ve entered an AI era where 76% of work can be augmented or automated.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

Elementum

FEBRUARY 7, 2024

This guide cuts through the complexity, offering a direct comparison between BPA and BPM to clarify how each can uniquely improve your operations. Leveraging technology, BPA can lead to significant reductions in operating costs while boosting productivity. BPA focuses on using technology for automating repetitive tasks.

Resource Reduction 78

Resource Reduction Optimization Software Waste Reduction Cost Reduction Strategies 78

Enterra Insights

AUGUST 1, 2019

Every supply chain professional understands inventory is a necessary evil. Carry too little inventory and you can miss out on sales and anger customers. Carry too much inventory and you increase handling costs and cut into profits. The inventory optimization challenge. ”[2]. ”[2].

Optimal Sourcing 124

Optimal Sourcing Modeling Inventory Reduction Supply Chain Optimization 124

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Inaccuracies in forecasting can lead to overstocking, which immobilizes capital, or stockouts, which again result in lost sales and damaged customer relationships. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Game Changer

JULY 21, 2021

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. On-time & in-full delivery is the most telling indicator of how well your service performance is. Get Our EBOOK HERE.

Supply Chain Planning Software 98

Supply Chain Planning Software Negotiating Skills Purchasing Skills Manufacturing Procurement 98

ThroughPut

FEBRUARY 14, 2024

However, decision making is plagued with challenges, and to make things worse, complex and critical decisions are often made by people with severely inadequate information, time, or experience. This often involves scrutinizing spreadsheets or similar legacy applications – leading to an inherently retrospective approach to decision-making.

Optimal Sourcing 59

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 59

QAD

FEBRUARY 7, 2023

Though each industry may abide by a different means of scoring, that goal can be broken down further into three general objectives: Develop and strengthen relationships: This requires looking at which suppliers are critical to the business and which aren’t. Maximize value: Businesses depend on reliable, high-performance vendors.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Precoro

DECEMBER 11, 2023

In this blog post, we explore what constitutes the strategic sourcing process, how to design and execute such a process, and how it can help your organization thrive. The dynamic landscape of modern business comes with increasing product variety and volatile prices, making it more important than ever to stay competitive on the market.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ThroughPut

DECEMBER 5, 2023

Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. Keeping up with demand and market trends challenges most supply chain operators. Let’s start with the definition.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Kinaxis

JUNE 15, 2015

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Reduction Inventory 100

Precoro

AUGUST 31, 2023

To prepare for possible disruptions and to stay cost-efficient in general, companies should be conscious about their spending at all times, and should avoid paying for the things that don’t contribute to business profitability. This way executives and investors can ensure the business’s ability to survive adverse times.

Material Savings 105

Material Savings Cost Reduction Strategies Expense Reduction Price Reduction 105

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns. What is Shelf Replenishment?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

GlobalTranz

OCTOBER 27, 2017

Editor's Note: Today's blog is from Ty Kiisel who shows us how you can be affected by your supply chain finances. . To fully understand the formula, Current Assets include the cash you have in the bank, your current Accounts Receivable and your inventory. The lead times for all my components are very long.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Strategy Material Savings Supply Chain Planning 182

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Supply Chain Shaman

AUGUST 14, 2016

However, I had little time to be tired. These are three different, but complementary, concepts. These are three different, but complementary, concepts. It had been a long night. The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?”

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

FEBRUARY 12, 2017

The logo to the left showcases the evolution of the brand over time.) Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin. Understanding What Drives Supply Chain Excellence.

Pharmaceutical 150

Pharmaceutical Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design 150

Supply Chain Shaman

OCTOBER 7, 2012

My schedule had me on a plane to Chicago at the time of the presentation. In this blog post, I publically answer the questions from the webinar. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? Much to my chagrin, I rubbed my eyes and checked my calendar. Defining Agility.

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 226

Enterra Insights

NOVEMBER 19, 2019

Stage 3 straddles the line between inside-out and outside-in planning. Jeff Bodenstab, Marketing Vice President at ToolsGroup, asserts, “This model has withstood the test of time in depicting what highly evolved planning looks like. Planners can understand the impact of their changes. ”[1]. ” 3. .

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Gartner Scenario Planning 100

ThroughPut

JUNE 24, 2022

Speed in decision-making, speed in reducing cycle-times, speed in operations, and speed in continuous improvement. At the same time, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. ACCURATE INVENTORY MANAGEMENT.

Supply Chain Planning Software 98

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

Supply Chain Shaman

SEPTEMBER 24, 2018

I think that it is time for some straight talk. If you are new to this blog, let me share my background. The source of data for this blog comes from market triangulation. The genesis for this post stems from frustration. I get the same questions over-and-over again, and see companies making the same mistakes. Background.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 228

Supply Chain Shaman

DECEMBER 7, 2016

Last week, I was having breakfast with a CEO of a leading software supply chain management company. At that time, he aggressively pursued automation, and actively tested new technologies. Relationships Between Concepts. Remember the Jetsons? The show aired with catchy music during the period of 1962 to 1987. Is it real?

Supply Chain Planning Software 180

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 180

ToolsGroup

NOVEMBER 15, 2016

Editor's Note: Due to the Thanksgiving holiday, there will be no blog post next week. Like a "Zillow for Demand Planning", he suggest using market intelligence to quantify the relative forecastability of the demand signal to better understand your forecasting performance potential. And how do you set your targets for the coming year?

Forecasting 120

Forecasting Forecasting Software Supply and Demand Modeling 120

Supply Chain Game Changer

SEPTEMBER 30, 2021

An AMR uses sensors to study and understand its environment, thus using the most efficient way to perform its tasks. Please keep reading to understand the various types of AMRs and their applications in warehousing. There are four types of AMRs, and each type is better suited for a different task within the warehouse.

Warehousing 95

Warehousing Material Savings Inventory Reduction Supply Chain Software 95

ThroughPut

MAY 1, 2023

or the planners who are managing super-complex supply chains that include everything from your tiered suppliers, inventory to logistics and sales, the pressure has literally gone through the roof. Are we able to intuitively align inventory to match demand? Do we have thorough insight and understanding of existing production operations?

Supply and Demand 52

Supply and Demand Demand Management Modeling Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 10, 2017

This week I spent time in Silicon Valley talking to technology innovators. So my question to the presenter was, “Why waste your time trying to improve a traditional demand planning approach when you could do so much more?” Disruption in supply chain planning is happening. My angst is that it is not happening faster.

Supply and Demand 165

Supply and Demand Supply Chain Planning Software Inventory Reduction Supply Chain Design Software 165

Logistics Bureau

DECEMBER 20, 2021

In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them. As we are often asked about KPIs for inventory management , that’s what we’re going to focus on in this particular post. 1: Inventory Turns.

Inventory Reduction 76

Inventory Reduction Inventory Forecasting Cost Reduction Strategies 76

Supply Chain Shaman

JULY 8, 2013

In this blog post, I would like to celebrate their story. Would it really make a difference? Would it really make a difference? As we discussed the concepts of a demand driven organization, they offered excuses like, “ You need to understand that we are different. However, over time it slowly changed.

Supply and Demand 210

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 210