Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Logility

NOVEMBER 18, 2021

Just six years ago , this was a technology on the rise, empowering companies with visibility through the ability to better identify the sources of raw materials and more thoroughly vet suppliers. Let’s look at a comparison of functions between ERP and SCM: 1. They manage different processes – . Economic sustainability .

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Analytics Software Predictive Analytics Software 130

Logility

APRIL 2, 2020

Phone * Company * Job Title * Zip Code * Source Asset Source Download ID. 2 Identify and get access to the right data sources. If you use data quality tools, monitor the amount of clean-up needed and work hard to improve the quality in source data systems. Featured Download. First Name * Last Name * Email *.

Negotiating Skills 157

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 157

Supply Chain Shaman

JUNE 14, 2018

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied.

Optimal Sourcing 172

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 172

Logistics Viewpoints

AUGUST 12, 2022

I read earlier this week that pressure on the supply of critical materials will continue to mount as road transport electrification expands to meet net-zero ambitions. In a recent report, IEA indicated that global battery and mineral supply chains need to expand ten-fold to meet projected critical minerals needs by 2030.

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227

Logility

JULY 7, 2021

If you cannot provide customers with real-time insights into your product inventory, there is a risk that you’ll accept an order you cannot fulfill. Subpar inventory management. Your ERP system must account for ongoing inventory changes. Or, if you have too much inventory on hand, your storage costs can rise.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Optimization Software 130

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

OCTOBER 12, 2017

He is a great thinker on inventory planning and demand management.I like Stefan’s quote, “However, all the boasts of value it (DDMRP) brings are in comparison to the value of MRP. The highlight of my trip to CSCMP, which was largely disappointing, was meeting Matt Yearling of PINC. Conclusion.

Supply Chain Planning Software 299

Supply Chain Planning Software Forecasting Software Demand Planning Software Supply Chain Software 299

ToolsGroup

FEBRUARY 7, 2022

Data source: eMarketer. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories. in 2021, compared to 42,000 sq.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

JULY 19, 2015

Self-reporting of data does not meet this standard. 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. A lag is the comparison against points in time.

Benchmarking 150

Benchmarking Supply Chain Planning Software Supply Chain Planning Scenario Planning 150

Unleashed

JANUARY 8, 2024

It pertains to more than the act of purchasing goods and services: procurement management is the process that ensures any purchases from external providers meet the cost requirements, quality, quantity, and timelines of your organisation. In this article, we look at the different stages of procurement management.

Procurement Solutions 52

Procurement Solutions Pricing Training Negotiating Skills Purchasing Skills 52

OptiProERP

MAY 18, 2023

Procurement is acquiring goods, services, or works from an external source. It involves sourcing, negotiation, ordering, delivery, and payment for goods or services. Clear and detailed specifications will help suppliers to understand what is required and how to meet the requirements. So what is procurement?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Negotiate Pricing Procurement Solutions 52

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Logility

MAY 22, 2018

DDMRP tries to mask this fact by using multiple zones of inventory. Most of the boasts of DDMRP value are in comparison to the value of MRP. DDMRP can reduce finished goods lead-times and inventory if your product lead-times can be reduced to meet customer replenishment lead-times. So “Where’s the Beef?”

Optimal Sourcing 101

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Forecasting 101

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. How do you balance the trade-offs between source, make and deliver?

Optimal Sourcing 308

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 308

Supply Chain Shaman

JUNE 26, 2017

Traditionally, the focus has been on building efficient organizational silos for make, source or deliver. They do not have a peer group for comparison. We do not include them in the analysis because there is no peer group comparison. This year-over-year comparison, enables visualization of performance on two metrics.

Sourcing Strategies 153

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 153

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. Most budgets are completed in currency at a brand level.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Precoro

JUNE 6, 2022

Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Vendors typically provide items ready to go for sale and can be inventoried. That is probably the main difference. Product quantity.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Taulia

MARCH 2, 2023

A strategic approach to supply chain operations seeks to align the supply chain components to meet specific, predetermined business goals. At Zenith Precision Machining, there is a policy of multi-sourcing suppliers, which are selected according to several criteria, including price, quality, reliability, and flexibility.

Negotiating Skills 52

Negotiating Skills Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. Other areas to consider measuring as it relates to transportation: Managing inventory.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. ” (Each mode of transport has different comparison reference data.). I need to run to my meeting. The lack of progress is troubling. The sun is rising.

Supply Chain Planning Software 169

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 169

Supply Chain Shaman

JANUARY 14, 2013

ERP is valuable to improve transactional accuracy, but I can find no evidence that investments in ERP have reduced inventory or improved cash-to-cash cycles. Metrics comparison of Kellogg Co. They have become best-in-class at network design and they are very active in the use of advanced technologies for inventory optimization.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

GlobalTranz

AUGUST 17, 2015

Supply chain concepts are generally understood in a linear pattern of consecutive planning in the form of plan-source-make-distribute-return/dispose. Omni-channel shopping has given customers a wider selection of goods and a platform for price comparison. Connect your supply chain. trillion US dollars. Manage working capital.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

Locus

JUNE 3, 2022

parts per million, in comparison to the 1960 levels of 316.91 Source: Statista.com. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. More time and energy is spent on forecasts to reduce inventory that is no longer in use. Ethical sourcing of goods. Download Now!

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

Precoro

MAY 22, 2023

It plays a vital role in managing an organization's inventory of IT assets, reducing redundancy, and lowering the risk of downtime or service interruptions. IT team members are aware of the requirements necessary for a technology to function properly, whereas procurement professionals are skilled at contract sourcing and negotiation.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Elementum

AUGUST 9, 2022

I was sitting in a product development meeting recently with Elementum’s Head of Product Management, Jon. Of course you’ll also want to answer this question before launching mass marketing campaigns, building up inventories, and hitting record sales — only to learn that money’s being lost because material costs are too high. (Or

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Design Supply Chain Optimization Optimal Sourcing 78

Supply Chain Network

MARCH 2, 2012

Acquisitions of Emptoris and Demandtec expanded sourcing and pricing portfolios while the new version of IBM ILOG LogicNet Plus XE further enhances supply chain network capabilities. Matrix Commerce extends beyond the sales and customer focus to include management and optimization of supporting sourcing and supply chain facets.

Optimal Sourcing 79

Optimal Sourcing Modeling Negotiating Skills Manufacturing Procurement 79

Supply Chain Shaman

JANUARY 30, 2019

Progress on the key performance metrics of cost, customer service, inventory, and Return on Invested Capital (ROIC) are going backward; not forwards, for most companies. ” (Each mode of transport has different comparison reference data.). I need to run to my meeting. The lack of progress is troubling. The sun is rising.

Supply Chain Planning Software 156

Supply Chain Planning Software Modeling Software Modeling Analytics Software 156

Supply Chain Matters

OCTOBER 20, 2023

The industry’s news cycle has pointed to increasing inventories of unsold EV ’s at dealer lots. Reportedly, Tesla is expected to cut vehicle pricing again in the current quarter to meet its committed annual vehicle delivery goal. The Q3 results included the reporting of a 44 percent decline in quarterly net income and a resulting 7.7

Price Reduction 52

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 52

QAD

JUNE 16, 2021

Managing the shop floor, inventory, operations and scheduling are some of the keys to ensuring a manufacturing business runs smoothly. As manufacturing and supply chains scale to meet larger global needs, real-time data and software systems allow manufacturers to automate processes and make smart data-driven decisions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimization Software Forecasting Software 52

BlueYonder

FEBRUARY 26, 2016

Your company will need to be able to adapt its manufacturing and fulfillment processes to meet their growing needs. Relying on inventory as a buffer will no longer be effective from a cost or customer service perspective. Product, meet the backseat. You’re on call, 24/7. Sure, product features are still important.

Manufacturing Procurement 40

Manufacturing Procurement Manufacturing Industrial Industry 40

The UCLA Anderson Global Supply Chain Blog

AUGUST 29, 2016

per order for a one hour delivery), utilizes inventory from both its warehouses and local stores and restaurants, and marks up some prices in comparison to the in-store prices. The lack of inventory places greater emphasis on retailers to provide Google with accurate and timely data to prevent stock-outs.

Purchasing Skills 60

Purchasing Skills Supply Chain Strategy Sourcing Strategies Price Reduction 60

Logility

JANUARY 18, 2024

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. Where foresight meets responsiveness Embracing AI in supply chain operations doesn’t merely streamline processes. Want to learn more?

Modeling 191

Modeling Optimal Sourcing Supply Chain Planning Software Supply Chain Software 191

NC State SCRC

JANUARY 16, 2024

adversaries and meet the production demands posed by evolving threats. Dan Finkenstadt used his Chat GPT programs to analyze the NDIS and compare it to the recommendations developed in our book, Supply Chain Immunity: Overcoming our Nation’s Sourcing Sickness in a Post-Covid World. This does not exist today.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72