Supply Chain Shaman

JUNE 29, 2021

Let me share some and see what you think: Does forecast ownership make a difference in outcomes? Instead of asking what makes a good forecast and how to measure the impact of forecast performance, companies pass forecasting responsibilities around the organization like kids with a hot potato at summer camp.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

DELMIA Quintiq

JUNE 16, 2016

The chemical manufacturing industry has shown impressive growth over the past 25 years. Since the 80s, the global chemical industry has grown by seven percent annually. If current trends continue, global chemical markets are expected to grow an average three percent in the next 20 years. Overcoming tank planning challenges.

Chemicals 120

Chemicals Scenario Planning Supply Chain Planning Software Supply Chain Planning 120

Supply Chain Brain

AUGUST 21, 2020

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind.

Forecasting 40

Forecasting Benchmarking Study Inventory Reduction 40

Elementum

AUGUST 29, 2017

As a center of petro-chemical industry and a conduit of trucking and rail out of Mexico, the key supply chain hub is currently devastated by Hurricane Harvey. Catch up on the effects and forecasts of Tropical Storm Harvey below: EFFECTS. Authorities forecast the winds brought by the storm to reach 185 kph or higher.

Forecasting 74

Forecasting Kansas City Forecasting Software Houston 74

Supply Chain Shaman

JUNE 29, 2022

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. I am the most worried about the chemical sector. All value chains are dependent in some shape or form on the chemical industry.

Supply Chain Design Software 251

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

Supply Chain Shaman

JULY 25, 2021

Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Few companies measured the impact on error and bias through the rigor of Forecast Value Added (FVA) analysis. While the input from sales on market trends is invaluable, sales should never be asked to forecast. The reason?

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

The answers lie in investments in supplier development teams, the simplification of the bill of materials and product platforms, and analytics to forecast requirements based on consumption. I am the most worried about the chemical sector. All value chains are dependent in some shape or form on the chemical industry.

Supply Chain Design Software 130

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

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Supply Chain Shaman

JUNE 21, 2023

For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical. The company’s focus on item proliferation resulted in 40% of items moving into a non-forecastable category. (The analyst ranking in the Gartner Top 25 represents 25% of the score, while the industry peer analysis is 25%.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

AIMMS

NOVEMBER 2, 2020

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 317

Chemicals S&OP Demand Planning Software Purchasing Skills 317

Logility

NOVEMBER 13, 2020

Causal f orecasting shines a light on , and isolates, actual demand signals from market “chatter,” thus improving forecast quality. What Exactly Is Causal Forecasting? . First, what it’s not is a replacement for demand forecasting. The Benefits Offered by Logility’s Causal Forecasting Solution.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

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. He received his Ph.D.

S&OP 244

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

NC State SCRC

MARCH 17, 2021

Prices for polyethylene, polypropylene and other chemical compounds used to make auto parts, computers and a vast array of plastic products have reached their highest levels in years in the U.S. For one of the high grade ethylene required, there is only one manufacturer in North America, who is in Texas (Eastman Chemical).

Texas 52

Texas Chemicals Supply Chain Design Software Supply Chain Design 52

Logistics Viewpoints

APRIL 1, 2021

With tighter alignment between the two organizations and through the application of predictive analytics, the CFO and the Treasurer can benefit in a big way by having much more reliable cash flow forecasts. He received his Ph.D.

Optimal Sourcing 188

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 188

Logistics Viewpoints

MARCH 6, 2023

SK Capital is a private investment firm focused on the specialty materials, chemicals, and pharmaceuticals sectors. For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations. GEON is owned by SK Capital. Every order has payment terms associated with it.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

He has also managed the supply chains for both bulk and consumer chemical companies. Your Sales Plan is NOT a Forecast! Tim has worked in management positions at multiple MNCs for more than 25 years, gaining expansive expertise in logistical operations. MORE FROM THIS EDITION. Resilience for Supply Chain Decarbonisation.

Manufacturing Procurement 245

Manufacturing Procurement Material Savings Singapore Waste Reduction 245

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

I read the Global Fleet Market Forecast for 2022 – 2032 (put together by Oliver Wyman, a Marsh & McLennan company). There forecast shows that global emissions from the Airline sector should hopefully peak in 2030. Issues at one maintenance service provider can in turn impact several airline operators.

Price Reduction 130

Price Reduction Supply Chain Planning Software Forecasting Software Sourcing Strategies 130

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The reason? Lockdowns and Disbelief.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Supply Chain Shaman

JUNE 7, 2018

In five companies that I have worked with in the past quarter, each degraded the forecast (using Forecast Value Add methodology) by 10-18%. To make the argument, let’s look at industry orbit charts in aggregate for the period of 2006-2017 for the apparel and chemical companies. Chemical margins are following oil prices.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 223

DELMIA Quintiq

MAY 11, 2022

It can be made with many different characteristics, for example, different chemical compositions to increase strength, durability, etc. Steel is a very versatile material as its composition and internal structure can be adjusted to tailor its properties. There is another important aspect of this material: recyclability.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

Supply Chain Shaman

AUGUST 1, 2014

I will be joined by Keith Holiday of Sunoco Product s and Jacqueline Faseler of Dow Chemical to discuss the research results of a talent survey that we are completing. Consensus forecasting processes implemented in the beginning of the last decade to include sales and marketing input sound good, but introduce bias into the forecast.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply and Demand 296

AIMMS

MARCH 4, 2021

Most chemical companies think they have a high sales and operation planning (S&OP) maturity, but do they really? Cross-functional alignment is a complex challenge for chemical companies. If you’re curious about where your chemical company stands, take the assessment today. How mature is S&OP at your chemical company?

Chemicals 156

Chemicals S&OP Demand Planning Software Purchasing Skills 156

Resilinc

JANUARY 31, 2023

Launched in 2020, CommodityWatch AI uses real-time news and event monitoring and predictive analytics to forecast supply, demand, and pricing trends out to three months for commodities including but not limited: gold, silver, aluminum, copper, caustic soda, cobalt, helium, paper, and tin. . #1

Negotiating Skills 62

Negotiating Skills Purchasing Skills Manufacturing Procurement Price Reduction 62

QAD

NOVEMBER 17, 2022

Consumers may not be aware, but manufacturers and distributors know all too well the immense volume of American manufactured and distributed goods that depend on rail transportation in all vertical industries, from industrial, chemical and high-tech to food and beverage and automotive, among others.

Scenario Planning 96

Scenario Planning Supply Chain Planning Software Supply Chain Planning S&OP 96

Supply Chain Shaman

JUNE 19, 2013

The chemical and consumer electronics industries have made the most progress. Companies are stalled on improving customer service and forecast accuracy. Due to improvements in connectivity, 90% of industries have made improvements in productivity (revenue/employee). Balance Remains an Issue. Complexity has Grown. What do you think?

Forecasting 268

Forecasting Supply Chain Planning Software Agile and Lean Supply Chain Forecasting Software 268

Supply Chain Shaman

JUNE 3, 2019

As a result, the company, at the end of the five-year implementation, is unable to roll-up data to a corporate level to analyze the forecast or capacity planning. A large system integrator implemented Logility in a chemical company for services of $5.4M without a material balance. Fire Fighters. Fire Fighters. The reason?

S&OP 169

S&OP Supply Chain Planning Software Supply Chain Design Software Modeling 169

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

Timing when stores need replenishment or when factory production will increase its demand, will likewise have better forecasting software to lower the overall waste in our inventory and retail systems. He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 246

BR Williams Supply Chain Management

JANUARY 18, 2021

Distribution management includes forecasting, transportation, warehousing, and delivery within the larger universe of logistics and supply chain management. Forecasting tools. Additional variables, such as sales promotions at the retailer or seasonal inventory build by the manufacturer, can make forecasting difficult.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

Supply Chain Shaman

NOVEMBER 29, 2015

Market-Driven Forecasting: Historically, the use of linear optimization and genetic algorithms to sense future trends from order and shipment patterns and predict the future defined forecasting. The tactical processes of forecasting in this conventional analysis cannot sense markets fast enough to slow or speed up processes.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 0

Logistics Viewpoints

JUNE 30, 2022

With lead times being as unpredictable as they are right now, retailers have to order these fashion items even further ahead (by a month or two), making forecasting rapidly shifting fashions even more challenging. It still takes over 100 days to move a container from Asia to a U.S. He received his Ph.D.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Supply Chain Shaman

JULY 30, 2022

The demand latency for a semiconductor manufacturer is 180-220 days, while a chemical manufacturer has a latency of 150-280 days. Instead, the integration is to order management.). Companies do not sense shifts at the speed of markets. The concept of demand latency is not well-understood.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

DELMIA Quintiq

MAY 27, 2015

Improving demand forecasting. As revealed in a survey by eyefortransport , demand forecasting is the top challenge in supply chain planning. Till the moment comes when you can just buckle in and set the dial to 10 years from now, you need to equip ourselves with the right tools and skills to forecast for the future.

Inventory Reduction 120

Inventory Reduction Waste Reduction Cost Reduction Strategies Supply Chain Planning Software 120

AIMMS

MAY 14, 2018

We recently offered a workshop at LogiChem, a chemical industry conference. You could make collaborative forecasts and run scenarios to quickly reach consensus. . How can you turn a lowlight into a highlight? . Our workshop simulated a Capacity Review session. Suddenly, S&OP meetings would not be as tedious.

S&OP 207

S&OP Supply and Demand Meeting Prescriptive Analytics Software 207

SCMDOJO

NOVEMBER 18, 2023

These systems may find patterns and insights in data by using a variety of algorithms, producing valuable results, forecasts , and suggestions. Atomwise, for instance, predicts the efficacy of chemical compounds against particular diseases using machine learning. The creation of AI systems depends on this iterative learning process.

Predictive Analytics Software 85

Predictive Analytics Software Modeling Software Optimization Software Forecasting Software 85

ToolsGroup

MARCH 13, 2018

But even with improvements, 3D printing is not a cure all – including limitations on size, material and chemical composition. For these, the best approach is to employ spare parts planning software specially formulated for forecasting spare and aftermarket parts with non-normal demand distributions.

Supply Chain Planning Software 180

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 180

Logility

AUGUST 24, 2023

Your Comprehensive Guide to Production Planning Software The benefits of production planning software vs scheduling are about the granularity of the plan: capacity plans (or master production schedules) are not granular and factor in less granular things, like high level capacity, forecasts, inventory, and transfer times.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Forecasting Software 147