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. As I stare at my keyboard, I wonder what would have happened if the dialogue on supply chain improvement, over the last decade, was more data-driven with less vendor hype.

Supply Chain Planning Software 167

Supply Chain Planning Software Modeling Software Analytics Software Demand Planning Software 167

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. As I stare at my keyboard, I wonder what would have happened if the dialogue on supply chain improvement, over the last decade, was more data-driven with less vendor hype.

Supply Chain Planning Software 154

Supply Chain Planning Software Modeling Software Modeling Analytics Software 154

Supply Chain Shaman

JANUARY 19, 2014

The definition of a trap is something designed to catch a person or animal, either figuratively or literally. Their supply chains are not improving corporate performance. They struggle to manage the supply chain as a complex system and power improvement on the Effective Frontier (shown below). What does that mean?

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 278

Supply Chain Shaman

NOVEMBER 1, 2015

Let’s start with a definition. By definition, it is not outside-in. The issue is that costs need to be continually balanced with customer service, and inventory programs against a business strategy. Figure 3: Continuous Improvement Programs. My take away? It is hard to jump when with a ball and chain.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 150

Supply Chain Shaman

AUGUST 14, 2016

Starting With Definitions. To help, I wrote a few definitions on the board: Demand-Driven Processes. A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. Definition of Outside-In Processes.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

Supply Chain Shaman

MARCH 28, 2016

While companies want to improve supply chain performance and drive value, it is easier said than done. ” The journey for value requires a clear definition and analysis of what is possible. For many companies, improving results is elusive. We find that companies can improve one, but not two of the metrics.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Supply Chain Shaman

JUNE 15, 2018

Most companies, along with consultants, feel that they know the definition of supply chain excellence. 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. Estee made solid improvement in margin, but is losing ground on turns.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 101

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. Let’s start with a definition. Source: Commerce Dept.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Supply Chain Shaman

APRIL 16, 2014

On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. An Orbit Chart of Customer Service (Case Fill) Versus Inventory Turns.

Supply Chain Design Software 279

Supply Chain Design Software Agile and Lean Supply Chain Modeling Supply Chain Planning Software 279

The Logistics of Logistics

DECEMBER 31, 2012

There are a lot of different definitions for lean, but my favorite is below. Producing earlier or more than is needed generates other wastes, such as overstaffing, storage, and transportation costs because of excess inventory. Inventory can be physical inventory or a queue of information. Excess Inventory.

Waste Reduction 157

Waste Reduction Agile and Lean Supply Chain Lean Inventory Reduction 157

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Supply Chain Shaman

JANUARY 21, 2014

Slowly the words take definition in everyday speech. Companies are stuck at the intersection of inventory turns and operating margin. They are unable to drive improvements in both. Each role–customer service, sales, procurement, manufacturing–have a different need/definition for the demand signal.

Supply and Demand 323

Supply and Demand Modeling Demand Planning Software Forecasting 323

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

With the above information on hand, the procurement team can proceed with Scope Definition to clearly define the transportation services required. A culture of continuous improvement is one which help foster trust and partnership.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

NOVEMBER 21, 2018

The industry does not have a definition. Instead, these measurements should be plotted along with these seven parameters of planning to drive continuous improvement. Inventory levels? Slow and obsolete inventory? Five Reasons We Are Not Making Progress on Inventory Management. There are several issues.

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

USC Consulting Group

AUGUST 17, 2021

” to answer that question, but it definitely was a topic for discussion among many different types of manufacturers over the past 18 months. As more and more critical inventory didn’t arrive when manufacturers across many types of industries needed it, it created alarming shortages and delays. Transporting.

Just-in-Time 96

Just-in-Time Modeling Modeling Software Optimization Modeling 96

Logility

FEBRUARY 18, 2020

As a result, we need to agree on some definitions before focusing on the supply chain space. Artificial Intelligence has many useful applications in the supply chain, including: Data analysis and insight creates actionable business intelligence that drives continual improvement. Exhibit A: AI-powered yoga pants.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply and Demand 182

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship. Yes, I stress partnership and collaboration.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

GlobalTranz

JANUARY 7, 2016

Question number three : Inventory on hand, both finished goods and individual parts, and Inventory Records Accuracy. The MPS is exploded and reads the BOM and Inventory on hand to create make (manufactured) and buy (purchased) components needed to fulfill the MPS. Inventory was not accurate and either were the BOMs, so GIGO.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Supply Chain Shaman

JULY 5, 2016

Even though the supply chain today is not dead, it is definitely stuck in neutral and going backwards. Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. P&G’s rate of improvement on the Metrics That Matter was lower than the peer group.

Supply Chain Planning Software 150

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

QAD

MAY 16, 2019

The assessment also establishes a common definition of supply chain management processes to help organizations: Determine the robustness of existing internal processes. Facilitate continuous improvement. A deeper alignment between strategies, objectives and continual improvement. Benchmark supply chain operations.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Reduction Material Savings Automotive 101

ShipBob

DECEMBER 23, 2021

Every step of the fulfillment process — including warehouse operations, inventory planning and tracking, quality control, staffing, procedural development, picking, packaging, and shipping — falls under the purview of this role. Forecasting demand to facilitate inventory management. Distribute inventory.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Optimization Software Logistics Network Optimization Software 52

Supply Chain Shaman

MAY 21, 2013

By and large, they struggle to gain cross-functional alignment on process redesign to improve outcomes. They lack the understanding of continuous improvement programs and struggle with alignment. Accept the definitions of processes and relationships of the industry. The value chain is lacking supply chain leadership.

Modeling 236

Modeling Modeling Software Pharmaceutical Procurement Analytics 236

SCMDOJO

NOVEMBER 24, 2023

By prioritizing safety, warehouse managers can ensure that their employees can work in a secure environment, reducing the risk of injuries, costly lawsuits, and damage to inventory. Read more on Warehouse Automation: Definition, Benefits and Issues at our website SCMDOJO.

Warehousing 63

Warehousing Optimal Sourcing Material Savings Inventory Reduction 63

Talking Logistics

JULY 27, 2015

Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. How much inventory do we have across our network? — Supply Chain Visibility.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 100

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Let’s get started with definitions, differences and benefits. To address these challenges, supply chain professionals must adopt advanced forecasting methods. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

MARCH 3, 2018

I find most of them focus on improving the status quo and selling large system projects. Their focus is on continuous improvement of current processes. I define the digital supply chain as “rethinking the atoms and electrons of the supply chain to improve value.” So what to do? ” This takes many forms.

Supply Chain Design Software 152

Supply Chain Design Software Manufacturing Procurement Network Design Software Supply Chain Planning Software 152

Supply Chain Shaman

APRIL 7, 2016

In this post my goal is to help companies build outside-in processes through a clearer definition. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. This outside-in orientation needs a definition to make it actionable. Reflection. I am not quite sure.

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Supply Chain Shaman

MAY 19, 2016

We believe that supply chain excellence is driving improvement while averaging a higher level of performance in the Supply Chain Metrics That Matter. Unfortunately, there is no commonly-held definition of supply chain excellence. Insights on leadership, continuous improvement and talent development for emerging markets.

Gartner 158

Gartner Pharmaceutical Predictive Analytics Modeling Software 158

Supply Chain Game Changer

NOVEMBER 7, 2018

10 Different Definitions! I prefer the simpler definition provided by the RLA. What it meant was that the company had not spent any time to develop better forecasting, planning, and inventory management systems and processes. 10 Different Definitions! Subscribe Here! Email Address. I’d never heard of such a thing.

Reverse Logistics 60

Reverse Logistics Logistics Network Optimization Software Logistics Supply Chain Planning Software 60

Supply Chain Shaman

JULY 22, 2016

As companies and teams mature, the definition of the word “flow” changes. The Maturity Model of Flow Definitions within Supply Chain Management. Insights on leadership, continuous improvement, and talent development for emerging markets. At first the flows are very linear and supply centric.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

ShipBob

OCTOBER 1, 2021

Reduce inventory waste. In bloated supply chains, excess inventory (or worse, deadstock ) takes up valuable storage space that could be used for other products, and costs merchants more in rent or holding costs the longer it sits unsold. It definitely helps me with inventory management and seeing what’s going on.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

GlobalTranz

MAY 20, 2015

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. 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

MARCH 12, 2014

However, what I observe is continued investment in the automation of enterprise practices. We are busy working on process iterations and continuous improvement programs that I think only inch us towards business transformation. When people use terms loosely, we need to ensure clear definitions. Vendor Managed Inventory.

Supply Chain Planning Software 314

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Gartner 314

Supply Chain Shaman

OCTOBER 22, 2015

The names of the technology providers, the process definitions, and the architecture descriptions were a new lexicon. The impact of complexity on inventory is not quick. It is a slow, continued impact that happens week-to-week as complexity increases. Inventory management is a hot issue. This lasted for weeks.

Inventory Reduction 150

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

synchrono

AUGUST 22, 2016

Given the more customer-centric demand-driven model – coupled with greater access to information – the metrics that manufacturers monitor to make improvements in operations become more focused and actionable. Focus on what you can take action on to improve. White Paper: Demand-Driven Manufacturing Metrics that Drive Action.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Logility

AUGUST 30, 2016

We try to measure “better-faster-cheaper” by developing indexes based on margin, asset efficiency, inventory turns, supply chain cost as a percentage of sales, or growth. We use this relative positioning to derive high-value improvement initiatives that will lead us up the maturity curve.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Innovation Vendor Strategies Cost Reduction Strategies 100