How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders must be ready to implement big data and leverage it to improve their companies without any delay or inhibition This may sound impossible and frightening, but they must only understand how big always goes back to these two, simple principles of measurement, review, and action.

6 Benefits of Applying Useable Data in Logistics For Continuous Improvement

Cerasis

We continue our series on strategic shipping by going into detail of the 10 main areas that shippers can turn to in order to have a strategic logistics and transportation management mindset. Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . Generating Accurate Forecasts.

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Dreaming about accurate forecasts?

DELMIA Quintiq

There is a saying among forecast users: “ If you forecast, you may be wrong; but you will always be wrong if you do not forecast.”. But how much faith are companies willing to place in inaccurate forecasts? This ultimately improves the quality of the forecasts.

Simplify Supply Chain Forecasting

Logility

Is 100% forecast accuracy attainable? Anyone that has ever had to forecast demand for products or services knows that obtaining a consistently high forecast accuracy is part science and part magic. Clearly, forecast accuracy is very important.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. The impact of complexity on inventory is not quick. Inventory management is a hot issue. I remember the plane ride well.

Manufacturing ERP Plays a Key Role for Sustainability

QAD

The benefits go beyond brand protection and reputation including: Improved operational efficiency with reduced waste and costs. Improved responsiveness to existing and new regulatory requirements. Consider the effects of excess inventory and unnecessary shipments.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

How Smarter Businesses Plan to Forecast Demand

Unleashed

When many businesses forecast demand, even the most studious companies will not get it 100 percent accurate, instead of perfection, the focus should be on minimising errors. Planning is one of the core functions of supply chain management that can help minimise errors and thus increase the accuracy of forecasting demand. Here we give you the top emerging best practices in demand planning that help to forecast demand better. Measure forecast accuracy at different levels.

Demand Driven Manufacturing in the Engineer-to-Order Space

synchrono

Aligning Lean Manufacturing and Continuous Improvement Practices. Demand-driven manufacturing (DDM) is an approach to manufacturing where production is based on actual demand rather than forecasts. Synchronization of data improves processes, production flow and visibility.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

Modern Metrics

synchrono

We use these technologies to track levels of contact engagement and conversion ratios to develop more predictable buying cycle patterns and pipeline forecasts. Focus on what you can take action on to improve. How Technology Has Changed What We Measure.

Creating an Actionable Plan for Unlocking Working Capital with Inventory Optimization

Arkieva

For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory.

It’s Time to Revisit Vendor Managed Inventory

synchrono

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. On the supplier’s side of the equation, the risk lay in the manufacturer’s ability to forecast demand.

Maurice Sporting Goods Selects Herlitz Inventory Management’s HIMPACT for Daily Forecasting and Analytics, Resulting in Improved Customer Service Level Performance

Herlitz Inventory Management

Since implementing HIMPACT, Maurice Sporting Goods is fully equipped to improve customer service levels, lower inventory, and increase profits. HIMPACT was selected because it helps improve customer service level performance.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.

Lean 249

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

Also, companies with optimal supply chains benefit with 15% lower supply chain costs , less than 50% of inventory holdings and 3x faster cash-to-cash cycles. Are the inventory numbers being tracked accurately across the several stages of production? What is supply chain planning?

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

Also, companies with optimal supply chains benefit with 15% lower supply chain costs , less than 50% of inventory holdings and 3x faster cash-to-cash cycles. Are the inventory numbers being tracked accurately across the several stages of production? What is supply chain planning?

Eliminating Your Excess Inventory

Loop Supply Systems

Eliminating Your Excess Inventory. Excess inventory is experienced by nearly every manufacturer – and it’s a big problem. Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). COST OF EXCESS INVENTORY. Now think about all of your inventory.

What Value Are You Getting From Planning?

Supply Chain Shaman

A decade later, as companies added planners expecting dramatic improvements, the market entered the trough of disillusionment. Yet, companies continued to invest primarily in ERP systems. . 2) Forecast Value Added. 3) Forecastability : A measurement of the ease of forecasting.

Six Sigma Tools and Inventory Management

EMERGE App

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. Here, we’ll cover what this quality-improvement practice means and what it involves.

Things Have Changed: What Do We Do NOW?

Supply Chain Shaman

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry.

Decoding the Language of Demand

ToolsGroup

If you’ve been in supply chain for any length time, you might be wondering what caused demand forecasting to develop so many different ‘personalities’ over the years. Demand forecasting, planning, sensing, shaping…what’s going on? Demand Forecasting.

Learning to Speak the Language of Demand

Supply Chain Shaman

Companies are stuck at the intersection of inventory turns and operating margin. They are unable to drive improvements in both. > Unfortunately, companies have invested money in traditional forecasting processes believing that if they make the forecast better that corporate performance will improve. Improving forecasting is not sufficient. It is about much more than conventional forecasting. Forecastability. Naive Forecast.

Every Part Has a Purpose: Building Materials Manufacturing

USC Consulting Group

These businesses are poised to continue their successes into the new year, a comforting sign for U.S. home builders, especially those who intend to accelerate operations in 2019 to bridge the inventory gap , according to research from the National Association of Realtors.

Decoding the Language of Demand

ToolsGroup

If you’ve been in supply chain for any length time, you might be wondering what caused demand forecasting to develop so many different ‘personalities’ over the years. Demand forecasting, planning, sensing, shaping…what’s going on? Demand Forecasting.

Bottlenecks and Poor Inventory Control Are Stunting Your Growth

Unleashed

Inventory control. One such bottleneck that will potentially inhibit business growth is an inventory bottleneck due to poor inventory control and that fails to meet the company’s growing demands. An inventory bottleneck is caused by a material variance. A shortage of inventory in one part of the production process can have a domino effect on the entire operation. Continuous improvement.

Costa Express’ Supply Chain Revolution

Supply Chain Movement

At the same time it slashed inventory and logistics costs by 20 percent and raised customer satisfaction (net promoter scores) by 10 percent and cut carbon emissions by 70 tonnes.

Why Today is the Day to Prepare Your Supply Chain for Recession

OneSCM

trade talks with China, businesses must remain disciplined and adopt cultures of continuous improvement. Invest in Accurate Forecasting. Rely on your internal finance team to analyze current inventory data and project earnings. Improve Inefficiency.

Win Big with ERP: Artificial Intelligence Solutions to Influence Your Bottom Line

My Office Apps

By continuing to automate certain functions using sophisticated AI algorithms, one can free up employee resources for more creative activities that will add further value for your business. As part of our mission to be a business process improvement company, My Office Apps, Inc.

Win Big with ERP: Artificial Intelligence Solutions to Influence Your Bottom Line

My Office Apps

By continuing to automate certain functions using sophisticated AI algorithms, one can free up employee resources for more creative activities that will add further value for your business. As part of our mission to be a business process improvement company, My Office Apps, Inc.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

To avoid heated political debates, the planning team needs to constantly evaluate the fit of the plan and drive continuous improvement on planning outputs. This requires continue education. There are seven traps: High Forecast Bias Improves Sales.

Order Management Improvement: Best Practices for Retailers & E-Commerce Companies

Veridian Solutions

An order management system (OMS) is the system of record for maintaining orders and handling inventory. In the omnichannel supply chain , order management improvement leads to confident inventory management across all channels.

Kickstart your Machine Learning Investment with These 3 Initiatives

Halo

Among other aspects of a modern-day business, forecasting has become more complex, with many firms striving to incorporate product, pricing, discounts, channel, and other available data to improve accuracy. Improving supply chain team efficiency is key in today’s tight labor market.

4 Ways to Improve Inventory Management and Delivery (Webinar)

FLEXE

As an online retailer, there are other ways to attract and retain customers—much of which comes down to inventory management across your fulfillment network to improve your delivery promise. Below are four steps you can take to improve inventory management and delivery.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 The retailer also instituted cross-docking at its warehouses, a method that moves inventory directly from arriving or departing trucks.