Supply Chain Shaman

APRIL 16, 2024

For me, the concepts of outside-in and self-service planning are intertwined. Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Requires advanced modeling techniques.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logistics Viewpoints

OCTOBER 19, 2023

By the end of the year, I realized that the arrival window was merely being postponed automatically and repeatedly at the same cadence, so I called customer service. The distribution center (DC) hadn’t released the order, but customer service didn’t have access to the right systems to see exactly what was wrong.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative. His response? “Huh? How could this be?”

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

QAD

JUNE 25, 2019

Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements. It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts.

Procurement Analytics 103

Procurement Analytics Metrics Inventory Reduction Inventory 103

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. “Customers are increasing their appetite for omnichannel commerce as the pandemic continues,” writes journalist Jacqueline Barba ( @JackieBarba1 ). ”[2].

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

SCMDOJO

JUNE 6, 2023

Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives. How does data analytics help supply chain optimization? Let’s explore the roles which data analytics play in this process. Why is it crucial? Download from the below link.

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Unleashed

APRIL 18, 2023

The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them? In this inventory metrics guide What are inventory metrics? What are KPIs for inventory?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative. His response? How could this be?”.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

BlueYonder

DECEMBER 18, 2023

The report is aimed at “provide[ing] an entry point in a company’s due diligence in looking for the application or suite of solutions that best suit their specific needs as they move toward this goal.” The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.

Optimal Sourcing 95

Optimal Sourcing Procurement Analytics Supply Chain Planning Software Predictive Analytics Software 95

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

QAD

JULY 25, 2023

With the rapid evolution of technology and customer expectations, it is essential to ensure that your B2B digital commerce solution is up-to-date and can meet the needs of today’s online buyers. This integration ensures that your business processes are streamlined, from order fulfillment to customer service.

Procurement Solutions 93

Procurement Solutions Analytics Software Procurement Analytics Optimization Software 93

Unleashed

APRIL 21, 2024

Throughout the order processing process, order tracking and updates are given to the customer to provide transparency and enhance customer satisfaction. After delivery, customer service plays a vital role in addressing any returns, exchanges, or feedback, which can also provide valuable insights for improving future order processing.

Inventory Management Software 52

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

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Logility

JANUARY 26, 2017

The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). requires a different set of metrics.

Procurement Analytics 100

Procurement Analytics Metrics Supply Chain Planning Software Gartner 100

Taulia

JUNE 12, 2023

Blog Expert Advice 8 min read 12 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 10 supply chain KPIs and metrics to track We’ve listed the 10 top supply chain KPIs you can use to measure your supply chain performance and find opportunities for optimization.

Procurement Analytics 52

Procurement Analytics Metrics Supply Chain Software Inventory Reduction 52

Elementum

AUGUST 25, 2022

As digital marketplaces and JIT stock control become more prevalent, supply chain solutions must evolve to meet customer expectations. Recent press reports around food supply chain issues have emphasized the essential nature of a solid, well-managed supply chain where managers can predict (and respond to) potential delays or scarcity.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 78

Enterra Insights

JULY 30, 2021

As Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, reminds us, the digital path to purchase is increasingly becoming the customer journey of choice. ”[2] Were that survey conducted today, I suspect an even larger number of consumers would report losing confidence in the supply chain.

Purchasing Skills 100

Purchasing Skills Procurement Solutions Procurement Analytics Supply Chain Software 100

Supply Chain Shaman

JANUARY 8, 2014

. “When I ask my team about customer service, I get high-five reviews. When I meet with my customers, I get thumbs-down feedback. I find the measurement of customer service to be one of the most difficult.” Interview for Metrics That Matter. ” Supply Chain Leader.

Procurement Analytics 259

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 259

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

GlobalTranz

JANUARY 17, 2017

So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. Clearly, the IoT has caught on much faster than experts could have hypothesized.

Manufacturing Procurement 120

Manufacturing Procurement Predictive Analytics Procurement Analytics Predictive Analytics Software 120

Taulia

JULY 21, 2022

The supply chain activities involved in the procurement process , from sourcing the right suppliers to taking delivery of materials and products, are vital to the overall health of any business. Customer service. Metric: The number of orders containing defective products divided by the total number of orders placed.

Negotiate Pricing 75

Negotiate Pricing Supplier Management Optimal Sourcing Procurement Analytics 75

Intelligent Audit

MAY 20, 2021

Retail shipping estimates from carriers help consumers make intelligent purchases and plan future purchases more effectively. It also allows for better customer service by keeping expectations and realities more evenly balanced during shipping. Most consumers expect some form of same- or next-day shipping.

Meeting 52

Meeting Analytics Software Purchasing Skills Shipping 52

Enterra Insights

MARCH 27, 2019

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance. ”[2].

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Zipline Logistics

MAY 25, 2021

Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods. Since the first quarter of 2020, CPG logistics costs have risen by 37% to an average of $1.71 cost per case.

Procurement Analytics 69

Procurement Analytics Food Report Optimal Sourcing 69

GlobalTranz

OCTOBER 2, 2017

Last mile delays and problems during delivery can eat away at fuel costs and seriously devalue a brand, but shippers Fan leverage technology, such as Big Data, to make small changes and improvements to last mile logistics processes. E-commerce markets move at the speed of light, and unnecessary delays could result in customer losses.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

SYSPRO Smarter ERP

APRIL 26, 2023

Business processes can be automated to improve workflow, and information can flow automatically between different areas of the business — for example, from customer order, to inventory procurement, to production job scheduling, to invoicing and to warehouse shipment. No manual data entry is needed; this means no duplication of work.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Design Software Optimization Software 98

GlobalTranz

OCTOBER 11, 2018

According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone.

Inventory Reduction 186

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 186

Supply Chain Game Changer

AUGUST 21, 2022

Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. In today’s market, logistics is essential to meet customer needs and remain competitive. In order to measure the efficiency of your supply chain, companies must track certain metrics.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

OptiProERP

SEPTEMBER 21, 2023

Inventory forecasting ensures manufacturers have the proper inventory to meet customers’ needs while minimizing excess inventory costs. It involves analyzing historical sales data and identifying patterns and trends to adapt to changing market conditions to meet customer demands. 

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 52

Enterra Insights

DECEMBER 20, 2018

Koesters reports a study by IDC found, “40% of digital transformation initiatives will be supported by cognitive computing and AI capabilities to provide critical, on-time insights for new operating and monetization models. Automating customer journeys is a great starting point for retailers. ”[4].

Analytics Software 113

Analytics Software Predictive Analytics Software Supply Chain Design Software Supply Chain Software 113

ThroughPut

MARCH 27, 2024

While on one hand, predictive analytics analyzes historical data and market trends for accurate demand forecasting, on the other, customers are being offered personalized experiences based on their preferences, purchase history and behavior. Another way of ensuring greater customer satisfaction!

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

GlobalTranz

JUNE 30, 2017

Customers can place orders online, by phone, in person and in nearly any other means desirable. Unfortunately, this means manufacturers face an even greater challenge, as more customers translate into greater use of customer service. In addition, customers are continuing to demand lower prices and free shipping.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

QAD

DECEMBER 1, 2022

Many had to scramble to meet the enormous demand and are still unsure of how to gain the upper hand. . Corporate buying decisions are being made by a generation accustomed to quick turnaround purchases they experience as online consumers. Consider these statistics: . B2B e-commerce and EDI sales hit nearly $11 trillion in 2021.

Supply Chain Planning Software 96

Supply Chain Planning Software Analytics Software Demand Planning Software Eliminating Excel in Purchasing 96

DynaSys

MARCH 17, 2021

Determine The Financial Costs Of Supply And Planning Decisions. Organizational metrics are important. Financial plans typically focus on metrics like revenue, budget adherence, profitability, working capital requirements, and of course the impact on cash. This drives team members to focus on achieving these objectives.

S&OP 88

S&OP Supply and Demand Procurement Analytics Forecasting 88

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” Nine times out of ten improving customer service requires different management of the budget cycle and a rethinking of financial planning. Background. Time horizon. Bias and error. The reason why?

Supply Chain Design Software 186

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