Supply Chain Shaman

MARCH 3, 2013

They were born from well-intentioned, bright professors from great schools – Boston College, Carnegie Mellon, and Massachusetts Institute of Technology (MIT )– in operations research. It was called multi-enterprise inventory optimization. Over the course of the decade, the inventory optimization market stalled.

Supply Chain Planning Software 212

Supply Chain Planning Software Modeling Optimization Software SAP 212

Enterra Insights

JUNE 15, 2020

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. An objective function scores an outcome’s utility so the best outcome can be chosen.

Columbus 100

Columbus Supply Chain Planning Software Modeling Software Predictive Analytics Software 100

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

MARCH 19, 2014

Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. Resiliency is the pattern at the intersection of operating margin and inventory turns. “Ugh,” I said.

Gartner 308

Gartner Supply Chain Planning Software Supply Chain Strategy Supply Chain Software 308

The Logistics & Supply Chain Management Society

JULY 20, 2020

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. REFERENCES: Fatorachian, H and Kazemi, H. Boston: Springer), pp.413–422. on supply chain performance.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Enterra Insights

APRIL 25, 2019

Predictive analytics — the type of analytics to which Petro refers — are one of four types of analytics now available to enterprises. Inventory optimization. Nakanelua notes, “Inventory optimization helps reduce inventory distortion, a challenge that stems from out-of-stock and overstock inventory situations.”

Predictive Analytics 124

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 124

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). It was a cold, crisp winter in Boston.

Supply and Demand 150

Supply and Demand Forecasting Forecasting Software Modeling 150

ToolsGroup

JULY 13, 2023

A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers. As an example, let’s say you’re trying to fulfill a pallet order of heavy items in Boston, MA.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

Kanban Logistics

NOVEMBER 19, 2020

The FDA’s regulatory standards for the industry are referred to as Current Good Manufacturing Practice (CGMPs; also known as “Good Manufacturing Practice” [GMP]) standards. In the wake of COVID-19 and resultant supply chain disruptions, many companies have begun to rethink their inventory management strategies.

Pharmaceutical 52

Pharmaceutical Warehousing Supply Chain Design Software Supply Chain Design 52

New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

SCMDOJO

JUNE 3, 2022

From tracking orders to managing inventory to managing cash flows and increasing sales, POs play a pivotal role in enhancing daily operations. Boston Consulting Group estimates that by using a PO, a company can reduce costs by 10% and at the same time cut the time spent by up to 30%. How are Purchase Orders Different from Sales Orders.

Purchasing Skills 106

Purchasing Skills Procurement Solutions Procurement Analytics Vendor Strategies 106

Enterra Insights

JULY 15, 2020

I hope you noticed that Bolstorff referred to “simulations” rather than a single simulation. A decade ago Boston Consulting Group (BCG) analysts Luc de Brabandere and Alan Iny asserted, “The ‘what if?’ ” Planning in time of uncertainty. If we can do the extremes, our plans will most likely survive anything in between.”

Supply Chain Planning Software 100

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Software 100

Unleashed

DECEMBER 19, 2018

Omnichannel, meaning “all” channels, refers to a unified strategy that creates a single experience across different channels. Multichannel, meaning “many” channels, refers to a strategy that has many distribution channels. The eCommerce aspect simply refers to transactions being made over the internet. The B2B Model.

Manufacturing Procurement 60

Manufacturing Procurement Modeling Software Sourcing Strategies Price Reduction 60

Logistics Viewpoints

NOVEMBER 5, 2021

For 2021, there has been another hiccup, which the wine industry may refer to as the great supply chain kerfuffle. Second, the twin ports said they would increase the pressure on companies to move their inventory off the dock by assessing a surcharge to ocean carriers for import containers that dwell too long on marine terminals.

Logistics Network Optimization Software 174

Logistics Network Optimization Software Los Angeles Long Beach Logistics 174

QAD

NOVEMBER 18, 2021

Joanne: “Abiomed delivered over $1M worth of PPE to local hospitals in the Boston area and we continue that line of communication and support to this day. Max referred to it as a game of “Whack-A-Mole,” where as soon as you have one issue resolved, another one rears its head. How have you been impacted and how have you responded?

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Network Software Resource Reduction Analytics Software 98

Veridian Solutions

FEBRUARY 18, 2020

At NRF 2020, omnichannel was referred to as “No Channel.” As reported in Retail Dive , “roughly half (48%) of retailers have implemented a single commerce platform, according to Boston Retail Partners’ (BRP’s) 2019 POS/Customer Engagement Survey, and an additional 46% plan to have one in place within three years.”

Supply Chain Design Software 59

Supply Chain Design Software Supply Chain Planning Software Inventory Reduction Price Reduction 59

Supply Chain Game Changer

NOVEMBER 19, 2018

He works from Boston and Palm Beach, and be reached at bryceboothby@gmail.com. Vendors would only agree to deliver an ordered quantity within a broad over/under tolerance, often referred to as “commercial quantities” otherwise one would have to pay a premium to have a “no less than” or “no more than” quantity. Thanks Mike, for asking.

Supply Chain Planning Software 42

Supply Chain Planning Software Demand Planning Software Logistics Network Optimization Software Forecasting Software 42

6 River Systems

JULY 25, 2019

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96