ToolsGroup

MAY 11, 2022

While most companies started 2022 with a positive business outlook, they remain extremely concerned about external factors that have impacted supply chain planning strategies in the last two years. The percentage of companies that are not pursuing a digital transformation strategy at all is, at 7%, the lowest we have measured so far.

Purchasing Skills 295

Purchasing Skills Buyer Training Supply Chain Software Supply Chain Planning Software 295

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Amazon has introduced 200,000+ robots moving inventory within fulfillment centers around the US, creating a more efficient supply chain.

Inventory Management Software 96

Inventory Management Software Supply Chain Software Supply Chain Planning Software Inventory Reduction 96

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

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 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 203

Gartner Supply Chain Design Software Supply Chain Design Supply Chain Strategy 203

ThroughPut

JUNE 8, 2021

SKU Optimization: Work Smart, Not Hard To Optimize Inventory. Are you still spending hours on hours sorting through your inventory list and still getting nowhere? And more than that, it’s time to rethink your inventory strategy for the better. First things first: Understanding inventory .

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 52

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. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

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 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

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

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

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

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 250

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

GlobalTranz

AUGUST 17, 2015

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. Omni-channel shopping has given customers a wider selection of goods and a platform for price comparison. trillion US dollars.

Sourcing Strategies 120

Sourcing Strategies Price Reduction Vendor Strategies Cost Reduction Strategies 120

Logility

AUGUST 5, 2021

Food and beverage companies that engage in sales and operations planning (S&OP) and act on those strategies early are the ones that can safeguard their profitability, satisfy consumers, and operate more responsively than their competition. Yielding Winning Outcomes in a Field of Uncertainty.

S&OP 130

S&OP Supply and Demand Beverage Optimal Sourcing 130

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. Expect write-downs, firesales, and rethinking supply chain strategies. On average, industries carry 38 more days of inventory than in 2007. I think not.

Supply Chain Planning Software 195

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

Logistics Viewpoints

DECEMBER 15, 2022

ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

Optimal Sourcing 192

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 192

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 250

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

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

Kinaxis

JUNE 24, 2016

Here is a simple comparison spectrum that I often use to clarify what S&OP entails. The S&OP team would adjust manufacturing locations and allocate inventory to different regions and markets globally based on the financial performance objectives…either to drive more revenue, or to drive more margin. S&OP is not….

S&OP 120

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

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

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

BlueYonder

AUGUST 15, 2023

This might relate to poor inventory management, inflexible order processing across stores and distribution centers, a lack of real-time visibility on inventory, or insufficient inventory alignment and replenishment. Significantly, this data-driven comparison between “now and then” has to be attributed to each individual facet.

Inventory Reduction 84

Inventory Reduction Expense Reduction Resource Reduction Price Reduction 84

Supply Chain Shaman

FEBRUARY 11, 2019

Note the comparison to the larger population. Last week, the Wall Street Journal reached out to discuss the rising inventories near the Port of Los Angeles. 2) The Story of Policy, Strategy, and Modeling. The supply chain combines policy, strategy and models. For every action there is an opposite reaction. The action?

Supply Chain Planning Software 183

Supply Chain Planning Software Modeling Software Demand Planning Software Supply and Demand 183

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. As a retailer, you must plan a customer-centric returns strategy in order to build client trust and prevent negative reviews on social media, websites, and other channels where customers interact.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

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. 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

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

Vinculum

APRIL 27, 2022

A software that heroes are tracking sales, inventory, orders, fulfillment alongside completing multiple orders. A good OMS entails: Route insights from warehouses based on proximity to arrival point and inventory tracking. Update inventory insights across sales channels and systems in real-time. Follows an omnichannel strategy.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Supply Chain Software Expense Reduction 52

Supply Chain Shaman

JUNE 26, 2017

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. In Figure 3, the orbit chart is on inventory turns and operating margin. They are in a league of their own.

Sourcing Strategies 152

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

Taulia

MARCH 2, 2023

What is supply chain strategy? A supply chain strategy defines a business’s approach to managing the flow of goods and services throughout its supply chain. Supply chain strategy differs from supply chain management in that it’s more concerned with the ‘why’ than the ‘how’.

Negotiating Skills 52

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

ToolsGroup

NOVEMBER 27, 2018

Answering this question requires (1) a data set which can provide the correct basis of comparison (like the MLS in the housing market) and (2) employing an approach that controls for key differences between data points in the data set (like house size, number of bedrooms, bathrooms, in his analogy). Second, where should you focus?

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

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

Enterra Insights

JULY 25, 2018

What desktop computing did to financial spreadsheets will pale in comparison to the application of autonomous computing and the impact this will have on our business and personal lives. The Cognitive Computing Consortium simply states, “cognitive computing makes a new class of problems computable.” COST: $995. REGISTER HERE BUTTON.

Six Sigma 100

Six Sigma Supply Chain Planning Software Optimization Software Expense Reduction 100

Unleashed

MAY 4, 2022

Read more on inventory management for multichannel eCommerce selling The 15 most important benefits of eCommerce to business. It also requires smart sales strategies, such as surfacing the right products at various points in the customer journey. It has numerous benefits, for both consumers and businesses.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

Supply Chain Matters

JULY 19, 2023

Keep in mind that because China ’s economy was impacted last year by widespread Covid-19 lockdowns, economists are focusing on quarter-to-quarter or annual average growth rates as a yardstick comparison for economic growth. The recent Q2 GDP number is below the average 8 percent to 9 percent growth levels prior to the global pandemic.

China 52

China Manufacturing Procurement Supply Chain Strategy Cost Reduction Strategies 52

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. Yet, the Titans, the first generation of supply chain super powers, continue to battle competitors. best results?

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

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 is represented as a period of time that indicates how long it takes a business to turn its investments in inventory into money from customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

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