Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

NC State SCRC

AUGUST 18, 2022

Artificial intelligence is growing rapidly across many organizational applications, and nowhere is this impact greater than in procurement. Given the recent rapid inflationary pressure and the challenges of significant material shortages in 2022, there is growing pressure on procurement to continue to deliver value, as never before.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

ThroughPut

OCTOBER 16, 2022

A roadmap towards achieving demand-driven inventory replenishment planning. Therefore organizations which have a replenishment planning approach with a demand-driven module, ensures inventory optimization , reduces rework, and eliminates bottlenecks in the supply chain to enhance resilience. Why demand – driven replenishment?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Cathy Roberson

MAY 19, 2021

Technology is playing a big role but one area, in particular, that I’ve always found interesting is transportation management services (TMS). No matter the mode of transportation a shipper uses, the shipper is paying more for it, that is, when they can find space. TMS has come a long way since its early days.

Modeling 64

Modeling Capacity Supply Chain Planning Software Transportation 64

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

ThroughPut

SEPTEMBER 27, 2021

Demand-driven Inventory Replenishment Planning. A Demand-Driven Inventory Plan enlists both strategy and execution for resilience and profitability in the midst of economic upheaval. The touchpoints can indicate the need for expedited procurement, new vendor relationships, or enhanced delivery speeds. Projected stock levels .

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

Supply Chain Shaman

SEPTEMBER 27, 2021

We are making slow progress on transportation visibility, but not supplier visibility. The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Until then, join us for our monthly networking calls, books/reports , podcasts, and blog posts. See You There?

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. RPA can automate the uploading of reporting and contract data for transactions from contracts into Transportation Management Systems (TMS) or Enterprise Resource Planning (ERP) systems with greater speed and accuracy. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory.

Supply Chain Software 246

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

GlobalTranz

DECEMBER 27, 2017

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

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. Procurement and transportation operated as islands. Stay tuned. Each company ranks in the 4% of companies beating their peer groups.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 283

Supply Chain Shaman

JUNE 5, 2013

Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Use of third-party data for transportation lane and drayage times by day/time of week. Monthly design of the supply chain including form and function of inventory and inventory placement.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

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. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

GlobalTranz

MARCH 6, 2017

Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. It is an advanced barcode scanner that is capable of extending bar code scanning to technology savvy inventory manager. This optimization tool for inventories is cloud based.

Logistics Network Optimization Software 151

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 151

The Supply Chainer Report

FEBRUARY 5, 2022

Additionally, Inflation has began to play a critical role for procurement-inbound materials. The most competitive deals are closed by booking suppliers production in advance, and getting favorable T&C from transportation partners. Focus on Inventory. per cent to $3,152 adding about $190bn to Amazon’s market cap.

Innovation 52

Innovation Material Savings Inventory Reduction Cost Reduction Strategies 52

ThroughPut

OCTOBER 22, 2021

In 2021 , the retail sector experienced drastic global inventory distortion. Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. When demands for goods escalate, insufficient resources for procuring components can lead to unmet consumer demand. Inventory Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Opz

MAY 25, 2013

Lots and lots of articles point to the fact that its from the French word " Logistique " which first appeared in the book " The Art of War " in 1838 by Baron Henri de Jomini who was the general in French army during Napoleons time. Image credit Google Books. Image Credit : Google Books. Image Credit : Google Books Project.

Supply Chain Planning 248

Supply Chain Planning Supply Chain Strategy Military Supply Chain 248

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. My problem is I see many organizations working hard on the forecast, but not improving inventory and replenishment processes; and, I think that the Hierarchy of Metrics did not go far enough. Just the opposite.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

SCMDOJO

JANUARY 23, 2023

We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field. From foundational reads to more advanced topics, these books will help you start your journey into the world of supply chain analytics!

Prescriptive Analytics Software 119

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 119

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

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

NOVEMBER 6, 2016

The third issue is the lack of understanding that global processes–to maximize the economies of scale in transportation and material buying–need strong governance. This allows shared services of procurement and transportation to function smoothly to achieve the economies of scale. 2) Build a Planning Career Path.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Scenario Planning 150

Resilinc

OCTOBER 11, 2022

There are a lot of hard-headed realists in the procurement and supply chain profession. But in his 2021 book “ Sense and Sustainability ,” Chaturvedi shows he’s an idealist as well as a realist. In your book, you recount a conversation with a senior exec at a U.S. Obviously, most will choose the cheaper iPhone.

Manufacturing Procurement 62

Manufacturing Procurement China South Carolina Mexico 62

ThroughPut

OCTOBER 13, 2021

It influences demand across sectors like housing, transport and logistics management , and even consumer goods. At the Demand Fulfilment Stage: A transparent supply chain establishes opportunities for added inventory in the cement industry early on. An Intelligent Demand-Planning Solution for Cement Manufacturers.

Supply and Demand 52

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 52

NC State SCRC

MARCH 25, 2021

Because procurement executives were so focused on cost, they did not worry about shipment velocity. Likewise, the focus became on reducing transportation costs – which led to container ships getting bigger and bigger over time. It is also another argument for compressing supply chains, as we argue in our forthcoming book, FLOW.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Supply Chain Shaman

JANUARY 21, 2014

Companies are stuck at the intersection of inventory turns and operating margin. <In fact, so much so that I wrote a book about it.> The translation of this demand signal from a channel demand signal to a manufacturer or a distributor through a bill of material or a transportation or manufacturing routing.

Supply and Demand 323

Supply and Demand Modeling Demand Planning Software Forecasting 323

EazyStock

SEPTEMBER 25, 2018

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. BooksyBiz – Appointment Booking. Hawk-Eye Trucking Log Book – Trucking Application. EazyStock – Inventory Optimization Software.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 78

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. The goal of this process is to reduce inventory, increase transaction speed and improve work flow with profit in mind.

Supply Chain Design Software 72

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

BlueYonder

MAY 14, 2021

If logistics is aware of future flow of goods, then they can estimate container needs in advance and book containers on time to avoid going to the SPOT market. In the digital era, you can book freight through digital brokers reducing the need for contracted capacity. Longer term, companies are already re-assessing their supply lines.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

Elementum

MAY 19, 2022

The 50’s saw the development of “containerization” which enabled intermodal (ship, rail, air, truck) transport. The American Production and Inventory Control society, known as APICs, was formed in 1957, officially launching the era of supply chain as a profession and discipline of its own. Also in the US: 4.9

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 78

Talking Logistics

MARCH 4, 2016

Second, we just released our second Talking Logistics YOUniversity course, Building a Strong Transportation Management Foundation. In recent quarters, Target has struggled with inventory shortfalls as it tried to cater to online and in-store shoppers at the same time.

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Forecasting Software Supply Chain Network Software 0

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

NC State SCRC

NOVEMBER 6, 2021

However, not every supply chain and procurement decision fits neatly into this category. There is a real benefit to the social interaction of procurement, which leads to improved collaboration on difficult and complex problems.

Purchasing Training 52

Purchasing Training Supply Chain Planning Software Supply Chain Planning Negotiating Skills 52

GlobalTranz

SEPTEMBER 27, 2016

We introduce you to part 2 of our e-book series The Essential Guide to Third Party Logistics. This shift comes as a result of the challenges 3PL organizations are currently facing in the marketplace—from greater reliance on just-in-time inventory and the increasing role and reliance of technology and value added services.

3PL 120

3PL Third Party Logistics Trends Inventory Reduction 120

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. It is an essential element of supply chain management.

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

USC Consulting Group

JANUARY 10, 2022

Some operations consultants are advisory consultants, or “boardroom consultants” who perform a two- to three-week study and provide a book of recommendations to help you out, and then hand it to you and go on their way. It’s a useful process, but we’ve found it’s missing a critical area: Inventory.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40