Remove DC Remove Inventory Remove Metrics Remove Procurement
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A New Decade: Give Science A Chance

Supply Chain Shaman

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

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Adapting in the Face of Change

Supply Chain Shaman

Growth agendas with the spiraling demand require cash, supplier shortages necessitate the shortening of payables, and the longer/more variable transport lead times decrease inventory turns increasing the need for cash. The Dollar stores are struggling with higher inventory levels, but are outperforming the sector. The answer?

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. Yes, all parties have metrics and KPIs that help them know when to switch carriers or where to throttle ordering, but that’s not acceptable to customers.

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Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

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. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

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The Supply Chain Detective™ – Our First 10 Cases!

Supply Chain Game Changer

The company had hired a new Chief Procurement Officer. I was shortly however completely astonished when the head of the DC called me to say that the Distribution Centre was out of space and could no longer receive and process goods, all in advance of the critical holiday season.

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Driving Profitable Growth Through Effective Supply Chain Management

BlueYonder

Without a shared set of metrics between the commercial and operational teams, it is extremely difficult to get alignment between them. Examples of shared metrics include customer service levels, inventory turns, sell-through forecast accuracy, total landed cost, and overall profitability of the business.

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How Can I Improve My Forecast Accuracy?

Supply Chain Action Blog

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. What metrics should I use to measure forecast accuracy?