Remove Data Remove Eliminating Excel in Purchasing Remove Inventory
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Inventory Management: Why Excel Is Holding You Back

ToolsGroup

If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. While Excel has long been a go-to for planners, the landscape has changed. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. But familiarity doesn’t equal effectiveness.

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Supplier Onboarding is Core to a Digital Supply Chain Transformation

Logistics Viewpoints

Molexs story is interesting because they excelled at overcoming these cultural issues. The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. The buyers dont report to Mr. Gainsford.

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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. I observe that organizations are unclear on outcomes and the definition of supply chain excellence. The reason? Your next step?

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Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

Pattern recognition is the ability to discern patterns in data and use the insights for further analysis. The first step was to find a reliable data set and establish the peer groups. We purchase data from Y charts. (A A syndicated data feed used for financial analysts. Consider Lenovo in Figure 1. but declining.

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. We share this data in Figure 3. ” Figure 3.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

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Step Past AI Hype Drive Real Value

Supply Chain Shaman

Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. The big data architectures are often present in the current “AI offerings.” Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. The business network market is in need of innovation.)