ThroughPut

NOVEMBER 16, 2021

Integration of multiple distribution channels Customer satisfaction Inventory and storage management End-to-end supply chain visibility. Amongst these challenges, inventory management impacts all others. Multiple distribution channels are also more effectively managed when on-time delivery of inventory is ensured.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 52

Unleashed

JUNE 4, 2024

Common examples of these processes include vendor sourcing, supplier management, and purchase order management. Vendor sourcing: Researching, evaluating, and choosing the best suppliers for your requirements. Strategy is extremely important in the procurement process. When calculating costs, these qualify as direct costs.

Procurement Solutions 52

Procurement Solutions Manufacturing Procurement Optimal Sourcing Procurement Analytics 52

ThroughPut

APRIL 30, 2024

Supply chain forecasting predicts future demand for products and services, inventory needs, and production planning based on historical data, market analysis, and current trends. Demand planning, inventory management, production scheduling, and distribution planning are the components of supply chain forecasting.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Supply Chain Shaman

JUNE 9, 2023

Companies need a planning solution to analyze the trade-offs between make, source, and deliver. A Focus on Safety Stock Is Too Narrow for Effective Inventory Management. A manufacturing company’s safety stock is 30-40% of the total inventory requirement. I term this bi-directional orchestration. My response is a big YAWN.

Optimal Sourcing 314

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 314

ThroughPut

APRIL 15, 2024

Supply chain forecasting predicts future demand for products and services, inventory needs, and production planning based on historical data, market analysis, and current trends. Demand planning, inventory management, production scheduling, and distribution planning are the components of supply chain forecasting.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous.

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. Purchase Order Management. Contract Review. Price Lookup and Comparison.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Google wrote a great book, ZMOT, or Zero Moment of Truth. They want to assure the sourcing meets their “sustainable” expectations.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

Supply Chain Trend

JANUARY 22, 2023

But is this really true for planners, who spend less than 30% of their time in a decision role and more than 50% of their time in an information role? Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. So, what’s that?

Quality 88

Quality Scenario Planning Supply Chain Planning Software Supply Chain Planning 88

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Achieving and obtaining total cost information to drive decision-making is difficult for most companies. What did we find?

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 322

Supply Chain Shaman

JUNE 23, 2020

I am also developing a framework for my new book. Orbit Chart for Ecolab at the Intersection of Inventory Turns and Operating Margin Versus the Chemical Industry for the Period of 2010-2019. Most of the optimization focus in the traditional software solution focuses within a function of source, make or deliver. Stay tuned.

Supply Chain Design Software 295

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 295

DELMIA Quintiq

DECEMBER 4, 2018

This concept will allow farmers anywhere in the world to process and preserve their produce on site, helping to reduce food loss dramatically at source whilst generating additional revenues for farmers. They are getting better at sharing data and utilizing information across the value chain. What is the impact on these producers?

Industrial 197

Industrial Industry Optimal Sourcing Supply Chain Planning Software 197

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

Silvon Software

AUGUST 8, 2022

Supply chains also have the added complexity of numerous other data sources being generated from extended partners in outsourcing, logistics, and distribution. This requires breaking down any ‘information silos’ and employing an end-to-end data management system (or data hub ) from which all analytics can be applied.

Analytics Software 80

Analytics Software Supply Chain Planning Software Predictive Analytics Analytics 80

Logility

AUGUST 5, 2021

You can align high-level business planning with detailed product forecasting to boost service levels, shorten cycle times, reduce inventory investment, and minimize obsolescence. Improved customer satisfaction. By optimizing resources, you can minimize total supply costs while meeting consumer demand requirements.

S&OP 130

S&OP Supply and Demand Beverage Optimal Sourcing 130

Logility

JUNE 8, 2021

Record Quarterly Bookings Accelerated Growth in Cloud Services Annual Contract Value. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. ATLANTA (June 8, 2021) American Software, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Optimization Software 130

ThroughPut

DECEMBER 4, 2022

Demand-driven replenishment and fulfillment can help retail planners manage large SKUs, determining each sales location and its optimal inventory targets. Wastage caused due to perishable goods : Supermarkets inventory consists of fresh fruits, vegetables, dairy, and meat products, which come with short shelf lives.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Supply Chain Shaman

JUNE 15, 2018

The field of supply chain management–combining source, make and deliver–into a common process started in 1982. My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. The evolution sprung from chaos. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A major challenge for IM&E manufacturers is managing inventory. An ERP system with an inventory management system enables the real-time tracking and reporting of material or parts, and with serial and lot tracking the location and quantity of specific items can be tracked. How ERP can support the value chain. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

Talking Logistics

JULY 27, 2015

Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. How much inventory do we have across our network?

Supply Chain Design Software 100

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

Supply Chain Opz

JULY 1, 2014

2) Information must flow Another important attribute of supply chain management is the flow of material, information and finance (money). Even thought there are 3 types of flow, the most important one is information flow aka information sharing. This results in higher cost for everyone in the same supply chain.

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM involves the flow of materials, finances and information. Source: [link] ). Source: [link] ). Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

NC State SCRC

AUGUST 18, 2022

Initially, we expect to see many procurement applications of AI in spend analysis, accounts payable, and source to pay applications, but this will become more important as we observe AI applications in areas such as supply risk management, buyer-seller relationships (including email exchanges), and improved supply base management.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

Logistics Viewpoints

MAY 25, 2023

The first use case is MIT professor Yossi Sheffi’s idea for using generative AI to monitor all possible sources of risk for a given supplier to mitigate any disruptions. While there is endless speculation, from my reading two supply chain-specific opportunities intrigued me. The pace is moving so quickly that no one can possibly keep up.

Supply Chain Planning Software 236

Supply Chain Planning Software Supply Chain Software Negotiating Skills Predictive Analytics Software 236

SCMDOJO

APRIL 15, 2024

Services by Amazon Here are some of the key services offered by Amazon: General public: Amazon.com – an e-commerce platform offering a diverse selection of products such as books, electronics, apparel, and groceries. From books and electronics to clothing and groceries, Amazon offers an unparalleled selection of items to its customers.

Logistics Network Optimization Software 81

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 81

Supply Chain Shaman

MAY 13, 2015

I knew nothing about the world of logistics, inventory management and order optimization. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together.

Supply Chain Design Software 150

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

Freightos

AUGUST 26, 2015

So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. If you’re like me, staying up to date on supply chain news is critical. wsjlogistics.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120

Logility

AUGUST 23, 2018

However, multi-plant sourcing and scheduling increases complexity and the need for enabling technology to develop an integrated plan for both aggregated levels of production and site level production to meet customer orders. Eliminating excess and obsolete inventory is a priority for many manufacturers. Beam me up Scotty!!

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Optimization 101

Logility

AUGUST 22, 2018

However, multi-plant sourcing and scheduling increases complexity and the need for enabling technology to develop an integrated plan for both aggregated levels of production and site level production to meet customer orders. Eliminating excess and obsolete inventory is a priority for many manufacturers. Beam me up Scotty!!

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 100

Supply Chain Opz

JULY 1, 2014

2) Information must flow Another important attribute of supply chain management is the flow of material, information and finance (money). Even thought there are 3 types of flow, the most important one is information flow aka information sharing. This results in higher cost for everyone in the same supply chain.

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Supply Chain Shaman

APRIL 25, 2013

The genesis started with the writing of the book Bricks Matter. The year 2012 marked the 30th anniversary of the use of supply chain management as a cross-functional process for source, make and deliver in the commercial sector. Sadly, while writing the book, I found that this was not the case. Why did I care?

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 261

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Improved Supply Chain Resilience Anticipating demand fluctuations allows companies to adjust their inventory levels proactively, thereby reducing the risk of stockouts or overstocking.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ThroughPut

MAY 24, 2024

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

Optimal Sourcing 52

Optimal Sourcing Modeling Inventory Reduction Optimization Software 52

crisp

FEBRUARY 5, 2024

Bridging the data divide A tech-forward organization, Ritual’s initial data set-up was advanced for a direct-to-consumer brand, housing D2C sales data, 3PL order information, and digital advertising data all within Snowflake. To learn more about how Crisp data can future-proof your retail operations, book a demo here.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Sourcing Strategies Data 52

Demand Solutions

APRIL 23, 2014

An item's forecasting time fence often mirrors the item's planning or sourcing lead time. If it takes two months from when an item is ordered to when it's received into inventory, there's logic in not changing the forecast within that two-month period, since a change to the forecast will have no impact on the item's availability.

Forecasting 100

Forecasting Forecasting Software Supply Chain Planning Software Procurement Solutions 100

Supply Chain Shaman

JULY 19, 2015

In most ‘benchmarking activities’, self-reported data is the most common source. However, for elements like forecast error, customer service and slow-moving inventory self-reported data is not sufficient. 4) Best Forecasters do not Have the Best Inventory Results. This is one element of inventory.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150