Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. The So What?

Supply Chain Planning Software 415

Supply Chain Planning Software Forecasting Forecasting Software Modeling 415

Logistics Viewpoints

DECEMBER 15, 2022

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. As supply chains moved from regional to global, intransit and cycle inventories increased. Winners Over Time.

Procurement Analytics 370

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

Supply Chain Shaman

JUNE 24, 2022

The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In The metrics selection resulted from work with Arizona State University in 2013.)

Supply Chain Planning Software 369

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

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Supply Chain Shaman

JUNE 19, 2018

It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. In Table 3, I share a comparison of the two methodologies. This work is not easy.

Gartner 206

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 206

Supply Chain Shaman

JULY 12, 2022

Growth agendas with the spiraling demand require cash, supplier shortages necessitate the shortening of payables, and the longer/more variable transport lead times decrease inventory turns increasing the need for cash. Smaller companies have greater clarity of strategy and less process latency in decision-making. The answer?

Supply and Demand 219

Supply and Demand Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 219

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. It is not as simple as trading-off inventory, cost, and customer service.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 252

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. The Business Problem. The analogy is weight loss.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 257

Case Study Inventory Reduction Agile and Lean Supply Chain Study 257

SYSPRO Smarter ERP

JUNE 19, 2023

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse. What is a Warehouse Management System?

Inventory Reduction 98

Inventory Reduction Resource Reduction Cost Reduction Strategies Inventory Management Software 98

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. 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 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Logility

APRIL 2, 2020

If you can’t identify an outcome and a strategy to relate to the KPI, then you’ll be wasting time on data collection and analysis. Then, when you’ve deployed your scorecard and closely tied your KPIs to strategy, begin expanding your data collection and analysis. 3 Get the metrics right. Featured Download.

Negotiating Skills 157

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

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Shaman

JUNE 15, 2018

But how do companies best translate strategy to action? My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. What choices drive the. best results? improvements.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Supply Chain Shaman

OCTOBER 8, 2019

I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy.

Supply Chain Design Software 186

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 186

Supply Chain Shaman

AUGUST 7, 2019

Recently, I conducted a strategy session was with a major consumer products company selling cosmetics. The company wanted to launch a digital strategy, but the digital supply chain team had never connected with the firm’s digital marketing team to understand how the two groups’ efforts could be intertwined.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Arkieva

APRIL 19, 2016

Using so called orbit charts, we have benchmarked companies on EBIT% versus Inventory Turns. That benchmark helped to reveal the ‘best practice frontier’, which in turn helped in setting aggressive but aligned targets for EBIT% versus Inventory Turns. Benchmarking EBITDA% versus Inventory Turns.

Benchmarking 60

Benchmarking Inventory Reduction Inventory Expense Reduction 60

Supply Chain Shaman

NOVEMBER 28, 2016

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Supply Chain Shaman

JULY 3, 2015

Inventory Turns (15%) (based on 2014 results). Growth 10% (Year-over-Year comparison of 2013 versus 2014). Opinion makes up 50% of the rating; and in the ranking system, company comparisons are against each other with little consideration of industry drivers. Leaders need to balance a portfolio of metrics. It is a HOAX.

Gartner 150

Gartner Supply Chain Software Demand Planning Software Modeling Software 150

Elementum

FEBRUARY 7, 2024

Business Process Automation vs Business Process Management: Comparing Strategies for Efficiency When delving into “business process automation vs business process management,” you’re not just exploring terminology; you’re seeking effective strategies to solve tangible business problems. BPM : Strategic Planning.

Resource Reduction 78

Resource Reduction Optimization Software Waste Reduction Cost Reduction Strategies 78

Kinaxis

JUNE 24, 2016

Here is a simple comparison spectrum that I often use to clarify what S&OP entails. Metrics and Dashboard Reviews. It also supported operational hedging strategies via the supply chain and was used to drive the best financial outcomes. By Accenture Strategy Guest Blogger appeared first on The 21st Century Supply Chain.

S&OP 120

S&OP Supply and Demand Inventory Reduction Cost Reduction Strategies 120

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. As such, optimally managing your sales and inventory at Kroger is essential to grow your brand and solidify its foothold with the end consumer.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Unleashed

OCTOBER 31, 2023

Effective implementation of workforce optimisation strategies ensures you have the valuable workforce resources you need for the growth of your manufacturing operations. The primary goal of workforce optimisation strategies is to reduce operational costs. Workforce optimisation should be an always-on strategy.

Waste Reduction 52

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JULY 19, 2015

Benchmarking is a measurement of the quality of an organization’s policies, products, programs or strategies against standard measurements. 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

Supply Chain Shaman

MAY 29, 2014

Meaningless Comparison. I just don’t think the comparison of very different industries in a spreadsheet based on growth, inventory values, and Return on Assets (ROA) is meaningful. The reason is that as a chemical company, they must run assets, and the methodology penalizes companies with deep asset strategies.

Gartner 301

Gartner Inventory Reduction Supply Chain Planning Software Pharmaceutical 301

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals. Second, where should you focus?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

DynaSys

JUNE 16, 2021

The lifecycle of a scenario has four stages: The initiation phase that focuses on data collection and validation The planning phase determines the event impact and a preferred course of action The scenario analysis and comparison phase Publication. The most important role of scenario management is analysis and comparison. Conclusion.

Scenario Planning 52

Scenario Planning Supply Chain Planning Software Supply Chain Planning Comparison 52

Supply Chain Shaman

DECEMBER 10, 2018

It was a strategy day in 2006. Mark Hersh (shown here) is now a Director of Supply Chain Strategy at Clorox while Dave retired in 2018. Value Chain segmentation—designing a fit for purpose supply chain—was the focus of the strategy day workshop. We spoke of this during the strategy day. I share it here.

Inventory Reduction 169

Inventory Reduction Cost Reduction Strategies Waste Reduction Material Savings 169

Precoro

SEPTEMBER 4, 2023

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. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Shaman

FEBRUARY 23, 2017

For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Over the period of 2009-2015 only 88% of companies made improvement on the “Supply Chain Metrics That Matter.” (The Inventory Turns. Ralf has worked at BASF since 1989 in a variety of jobs across continents.

Agile and Lean Supply Chain 154

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Design Supply Chain Planning Software 154

crisp

SEPTEMBER 27, 2022

They’re also a chaotic time, with inevitable challenges from inventory availability to tighter margins. Effective demand planning requires examining historical sales data and current supply levels to determine your baseline expectation, and a strategy to exceed that baseline. Success starts well before the holiday season.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

Precoro

DECEMBER 11, 2023

With strategic sourcing, historical and current data are collected in order to analyze established processes, predict market requirements, maximize purchasing power, and align purchasing strategy with organizational objectives. Sourcing strategy Next, the sourcing team creates an actual sourcing strategy. Building risk strategy.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

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