Supply Chain Shaman

DECEMBER 28, 2020

The first story is about a large regional food manufacturer. The SAS forecasting system implemented in 2019 was not tested for model accuracy. An example for this client would be to use 2017 and 2018 history to forecast 2019. So, I asked the questions, “Is your data forecastable? Let’s Be Customer Centric.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ToolsGroup

SEPTEMBER 20, 2022

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Logistics Viewpoints

APRIL 10, 2023

The Franklin Sports Supply Chain 75% of Franklin Sports goods products, by revenue, are produced by third party contract manufacturers. 40% of the finished goods are shipped directly to retail clients by their contract manufacturers. This did not endear them to their contract manufacturing partners. Jennings’ name.

Security 198

Security Supply Chain Planning Jordan Forecasting 198

SYSPRO Smarter ERP

JANUARY 22, 2024

Material Requirements Planning for a modern manufacturing environment Material Requirements Planning (MRP) is software that helps companies estimate the required quantities of raw materials, maintain inventory levels, and ensure manufacturing has all the items needed to make products to satisfy demand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Manufacturing 52

ThroughPut

SEPTEMBER 1, 2020

What is Logistics Forecasting? Logistics demand forecasting is the process of accurately anticipating the demand for products, services, and shipments throughout the supply chain. Why is Logistics Forecasting a Complex Process? Are you Forecasting Logistics Accurately? Demand Exception Management-.

Forecasting 52

Forecasting Forecasting Software Price Reduction Waste Reduction 52

QAD

MAY 31, 2022

Getting the right product to the right place at the right time and in the right quantities is one of the primary goals of any manufacturing organization. Manufacturers have to balance many things to deliver on this promise. Again, this is just one example of the many disruptions facing manufacturers today. This sounds simple.

S&OP 92

S&OP Supply and Demand Manufacturing Procurement Supply Chain Planning Software 92

Logility

AUGUST 30, 2023

Supply chain planning involves numerous variables, such as demand forecasts, inventory levels, lead times, and production capacities. For example, imagine a manufacturing company trying to optimize its production schedule based on demand forecasts.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 130

ToolsGroup

SEPTEMBER 8, 2021

This goes back to how many organizations utilize traditional, demand-driven forecasting , which is heavily focused on forecast accuracy regardless of the fact that your demand forecast is always wrong. Well, as with any supply chain planning process, you start with a forecast. But you can definitely be too late.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

ivalua

DECEMBER 14, 2020

In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.

Procurement Solutions 130

Procurement Solutions Optimal Sourcing Manufacturing Procurement Optimization Software 130

SYSPRO Smarter ERP

MARCH 31, 2022

This also includes delays in local manufacturing as well as inflationary pressures due to escalating costs because of the increased fuel prices – increases are already at 10% and shipping is about 30%. With digital technologies, organisations can use data to maximise visibility into demand, inventory, capacity, supply, and finances.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

ThroughPut

SEPTEMBER 1, 2022

ThroughPut currently supports multiple businesses globally, including some of the largest food processing and packaging companies in the world, many of the largest cement and building materials manufacturers in the world, and leading global retail and airline giants, to offer supply chain actionability at every stage of the supply chain.

Price Reduction 98

Price Reduction Supply and Demand Resource Reduction Inventory Reduction 98

SYSPRO Smarter ERP

NOVEMBER 1, 2021

The manufacturing industry confronted many uncertainties in the last year due to the pandemic. The pandemic has led to many shifts in manufacturing including new challenges to overcome. Here is a list of challenges and solutions for manufacturers to remain resilient and maintain growth momentum. Transitioning to B2B e-Commerce.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

QAD

JUNE 29, 2021

In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. QAD Adaptive ERP addresses issues procurement teams face involving supply and sourcing decisions, supplier quality, and the means to improve integrated supplier activities.

Optimal Sourcing 94

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Prescriptive Analytics Software 94

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. This estimate is then used as a standard price in the PPV formula.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Logility

JUNE 15, 2021

How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success. The bottom line: F&B companies need accurate ways to track and forecast real-world demand and keep pace with consumers’ expectations. What is Demand Sensing and Why Is It Important for F&B?

Supply and Demand 147

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 147

Logistics Viewpoints

JANUARY 9, 2023

“If things are normal, for example there are no exceptions in the forecast, there are no ‘situations’ that are out of control, then the system will just move you forward day-to-day. The MSCN provides visibility to whether suppliers can deliver all the items a manufacturer wants on a particular date. You don’t need to touch it.”.

Supply Chain Planning Software 247

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 247

OptiProERP

DECEMBER 9, 2022

Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Electronics manufacturers must adapt to many emerging trends. Let’s review the most common challenges facing electronics manufacturers and how ERP provides technology to manage them. Short Product Life Cycles.

Manufacturing Procurement 52

Manufacturing Procurement Electronics Optimal Sourcing Supply Chain Planning Software 52

Logistics Viewpoints

FEBRUARY 20, 2023

There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. GEP offers procurement and visibility/fulfillment orchestration applications. It has outsourced manufacturing. Orchestration is based on their GEP NEXXE application.

Supply Chain Planning Software 212

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 212

Supply Chain Matters

APRIL 5, 2024

Global Manufacturing Output Levels Strengthen Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® ended March on an optimistic footing. Of further significance was the March report indication that the rate of growth in global manufacturing output has accelerated to a 21-month high.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Manufacturing Global 52

ToolsGroup

OCTOBER 12, 2021

Synchronizing demand and supply across a dynamic global supply chain requires the ability to manage the disparate needs of multiple retail channels, seasonal demand, fashion changes and restrictive capacity constraints. Traditional demand planning will forecast safety buffers based on normal demand patterns.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Optimal Sourcing 156

Supply Chain Shaman

JUNE 29, 2022

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. The availability of capacity in industries like the semiconductor industry is tight. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor. Does this solve the problem?

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Supply Chain Shaman

FEBRUARY 18, 2021

Advanced planning evolved with a focus on modeling manufacturing constraints. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

OptiProERP

MARCH 15, 2022

Before getting into production scheduling and how it helps manufacturers, let’s have a quick look at the functions of the production department in a manufacturing organization. The production schedule is a versatile and important document that focuses on planning, forecasting, predicting, and meeting demands on time.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78

Vanguard Software

AUGUST 31, 2021

Capacity planning creates real value in ensuring businesses can meet customer demand, and it is a critical path for a positive customer experience. . Demand Planning Forecasting Application. Defining capacity planning. Capacity is the ability to receive, contain, or deliver its products. Successfully plan your capacity.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Capacity Supply and Demand 40

QAD

MAY 31, 2023

Many manufacturing organizations still plan in silos. In fact, today, many S&OP processes now include people from the manufacturers total ecosystem and trading partners like key suppliers and customers. Improved Forecast Accuracy Effective supply chain planning begins with the forecast. This is a problem.

Supply Chain Planning 52

Supply Chain Planning S&OP Scenario Planning Agile and Lean Supply Chain 52

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? Background. Bias and error.

Supply Chain Design Software 183

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

Logistics Viewpoints

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning? Of course, it will!

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

ThroughPut

JUNE 22, 2021

Gain Control Over Your Production With Effective Capacity Planning. Perhaps, a process that matches your production capacity with sales demand can be the solution in this case. Capacity planning is the answer you’re looking for. Now to answer the basic question, what is capacity planning? Of course, it will!

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Resource Reduction 52

OptiProERP

APRIL 19, 2022

Using finite and infinite capacity you can plan for various time horizons. Keeping production running smoothly is essential to manufacturing companies. Yet, it is one of the most challenging problems growing manufacturers face. It uses advanced algorithms, behind the scenes, to balance demand and capacity.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. The availability of capacity in industries like the semiconductor industry is tight. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” Does this solve the problem?

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

SYSPRO Smarter ERP

AUGUST 1, 2022

Ongoing challenges in the supply chain, such as shortages caused by increased demands and the shutting down of some factories, continue to affect manufacturing businesses even to this day. A Bill of Materials (BOM) is a comprehensive list of all the items needed to manufacture a product. However, BOM offers more value.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Material Savings Manufacturing Procurement 111

QAD

JULY 21, 2022

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. The bullwhip effect has multiple causes that distort the supply chain, including: Changes in demand forecasting. Complete Customer Management.

Price Reduction 95

Price Reduction Inventory Reduction Cost Reduction Strategies Optimal Sourcing 95

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. It provides capacity where and when organisations need it most. As driving greater sustainability is a key factor in reducing risk.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

Elementum

AUGUST 25, 2022

The Outcomes of Effective Supply Chain Management The negative effect of a poorly managed supply chain is perhaps obvious–if a company cannot meet demand, fulfill orders, or operate to capacity, it will inevitably damage customer relationships and revenue. However, a proactive SCM approach can also deliver cumulative benefits.

Supply Chain Design Software 78

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

Supply Chain Matters

MAY 31, 2022

Last week both Bloomberg and The Wall Street Journal reported the departure of yet another senior manufacturing executive at Rivian Automotive as well as an overall reorganization. As noted in our January update, the manufacturer announced the news that the Chief Operating Officer had departed the company in December 2021.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Procurement Solutions North America 52