SCMDOJO

DECEMBER 14, 2023

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage.

Inventory Reduction 80

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 80

Supply Chain Insights

JANUARY 3, 2024

The focus is on using enterprise data. The use of channel, logistics, and supplier data is an opportunity to reduce process and data latency. In this report, we share insights based on testing and work with business and technology leaders to redefine planning to be outside-in to maximize the use of market data.

Handbook 263

Handbook Supply Chain Planning Software Supply Chain Planning Scenario Planning 263

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Improve cross-government data sharing and analyze resilience. We are not clear on definition. Align on definitions. But few define it with use.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 293

Logistics Viewpoints

JUNE 29, 2021

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

Quality 244

Quality Supply Chain Design Software Supply Chain Planning Software Data 244

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. Why have we not improved our use of channel data in supply chain processes?” My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. In 1995, companies in automotive industry used Electronic Data Interchange to share information. Would you like to learn more?

Cost Reduction Strategies 271

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 271

Supply Chain Shaman

JULY 23, 2023

The evolution of planning moves from a focus on the enterprise to an adaptive platform that senses and responds based on market data. The enterprise-centric models, due to the lack of adaptability, cannot shift to use market data. The models use enterprise data and the outputs from the models are pushed to trading partners.

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 317

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Optimal Sourcing 130

Optimal Sourcing Procurement Data Pharmaceutical 130

Supply Chain Shaman

JUNE 30, 2023

Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. Here is my suggestion: Try to Align the Organization on the Definition of Supply Chain Excellence. The way to drive alignment is through data. Let me explain. What Is The Ring of Fire?

Supply Chain Planning Software 299

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 299

Supply Chain Shaman

DECEMBER 27, 2022

The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Today, there is no standard definition of digital. The numerous definitions across the supply chain technology and consulting providers are very different and often confusing. What is a digital brain?

Supply Chain Software 384

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 384

Unleashed

FEBRUARY 14, 2024

Leverage your inventory data to identify trends, patterns, and opportunities for improvement. Increase operational efficiency by streamlining production and distribution processes and reducing errors and waste. Improve your forecasting accuracy, helping you to plan your future production and purchasing activities.

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

FEBRUARY 1, 2024

Definitions Before we move to the discussion of the actions to take, let’s get clear on some definitions. The issue is data synchronization. The more outsourcing and instances, the greater the issue with data synchronization. The Answer/Next Steps The first step is to map and measure data latency and amplification.

Supply Chain Planning Software 317

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 317

Supply Chain Shaman

MAY 9, 2023

The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. and there were no respondents that rated their process effective on this definition. The answer lies in the lack of clear definitions to drive outcomes. I used to think so as well.

S&OP 318

S&OP Supply and Demand Supply Chain Planning Software Sourcing Strategies 318

Supply Chain Shaman

OCTOBER 11, 2023

Definition Anomaly: something that deviates from what is standard, normal, or expected. Definition As I follow the evolution of supply chain technology, I am struck by what I see as a stream of paradox and anomaly, and the tendency of supply chain leaders to cling to convention. Attempting to Get Perfect on Imperfect Data.

Supply Chain Planning Software 367

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 367

Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. In 1995, companies in automotive industry used Electronic Data Interchange to share information. Would you like to learn more?

Cost Reduction Strategies 214

Cost Reduction Strategies Vendor Strategies Inventory Reduction Supply Chain Strategy 214

Supply Chain Shaman

NOVEMBER 15, 2023

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. He provides services to companies on master data management and is more familiar with transactional processing than decision support. In deployments, data issues abound. The takeaway?

Supply Chain Planning Software 375

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 375

SCMDOJO

DECEMBER 29, 2022

The WMS is a warehouse management software that includes all the functions of data entry, retrieval, storage, and many other business processes you may need to perform in a warehouse operation. Warehouse Automation Definition: Warehouse automation uses technology and automated systems to streamline inventory management, storage, and shipping.

Supply Chain Software 72

Supply Chain Software Warehousing Optimal Sourcing Optimization Software 72

Unleashed

JUNE 1, 2023

Perpetual inventory system definition A perpetual inventory system centralises your inventory data and tracks your inventory in real-time to give you a precise inventory count instantaneously. The data from your perpetual inventory system can then be used to forecast sales trends and calculate reorder points. Theft and damage.

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Optimization Software 52

Unleashed

MAY 1, 2023

The definition of inventory control chart is a chart that displays the lifecycle and replenishment factors of a product being sold by a business. It helps purchase managers determine the optimal reorder and safety stock levels based on historical company data. The Y axis of an inventory control chart represents order quantities.

Inventory Reduction 52

Inventory Reduction Examples Inventory Inventory Management Software 52

Enterra Insights

OCTOBER 20, 2022

Nowadays, few people question the value of data. Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, goes so far as to assert data is an organization’s most valuable asset. Today, it’s not people but data that tops the asset value list for companies.”[1] They are the four Vs of Big Data.”[3].

Big Data 130

Big Data Data Quality Cost Reduction Strategies 130

Supply Chain Shaman

FEBRUARY 26, 2024

Shown in Figure 1 is the definition of the layers of outside-in planning. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). Most supply chain planning deployments cannot use channel data because the model is a “Ship from model” not a “Ship to engine.”

Modeling 204

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 204

Unleashed

AUGUST 6, 2023

In this competitive pricing guide Competitive pricing definition Competitive pricing is a sales and marketing strategy that involves manipulating price points in a business to match or beat the pricing of its competitors. We use data to simulate demand elasticity, hypothesizing price changes against the projected effect on sales volumes.

Price Reduction 52

Price Reduction Cost Reduction Strategies Expense Reduction Inventory Reduction 52

Supply Chain Shaman

APRIL 16, 2024

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. The second disturbing fact is that business leaders cannot access planning data, so a planner must interpret the data.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

Supply Chain Shaman

FEBRUARY 2, 2024

Flavors of Networks Today, only 8% of multi-tier data flows through one-to-many or many-to-many networks while 29% is based on Electronic Data Interchange (EDI). As a result, there is no system of record to synchronize changes, and the data takes one-to-three days to move from node to node. Brand Owner Vacuum. Business Models.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Network Software Supply Chain Planning Software Third Party Logistics 195

Supply Chain Shaman

DECEMBER 15, 2022

As an analyst, I am always searching for answers and clear definitions. Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. To entice you to participate let’s look at the data more closely. ” Sound familiar? This gap grew over the last decade.

Manufacturing Procurement 382

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Procurement Analytics 382

Supply Chain Shaman

OCTOBER 31, 2022

In my lifetime, I watched business leaders invest in Y2k, eBusiness, Big Data, Social Commerce, and Digital Supply Chains. There is no standard definition. The most common issue is the lack of clear definitions to guide the scope. I started by stating a definition. Investments come in waves. The net result? The reason?

Cost Reduction Strategies 217

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 217

Logility

MAY 28, 2020

Managing the data required for supply chain planning is a bit like raking leaves. The data keeps coming all year round. And just when you think you have clean and consistent data to work with, new internal and external data “blows into the yard.”. Wind speeds will increase.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply and Demand Supply Chain Planning Data Management 131

Unleashed

AUGUST 14, 2023

Predictive maintenance Predictive maintenance uses a variety of technologies – such as artificial intelligence, machine learning , and the Internet of Things – to gather data from your machinery and equipment. This data will help you to identify where inefficiencies are occurring and the areas you should be focusing on for improvement.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Modeling Software 52

Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. There is a clear definition of the role of the supply chain in the delivery of value. Definition and alignment on why should make a decision and what a good decision looks like. Drives Value. S&OP is a business process.

S&OP 309

S&OP Supply and Demand Forecasting Supply Chain Design Software 309

Unleashed

FEBRUARY 12, 2024

Collect data on each cost category. Inventory optimisation Analyse historical sales data, demand forecasts, and lead times using inventory optimisation software to determine the ideal stock levels for each product. Begin by categorising the different types of expenses related to inventory carrying costs.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

MARCH 27, 2023

As discussions full of oxymorons, acronyms, and juxtapositions fill the air, I think that it is time to step back, and rethink planning based on the opportunities that new forms of analytics and data give us. Today’s definition of supply chain planning is my starting point. Or unclear on the definition of supply chain excellence?

Supply Chain Planning Software 295

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 295

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Data 130

Data Analytics Software Optimal Sourcing Supply Chain Software 130

Unleashed

JULY 25, 2023

It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed. Data from CSI Market revealed that the Services and Energy sectors had the highest inventory turnover ratios on average in Q1 of 2023, while Conglomerates and Capital Goods had the lowest inventory turnover ratios.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52