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 sad fact is that most planners spend six to seven hours a day in meetings and struggle to get timely information.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 221

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Precoro

OCTOBER 24, 2022

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Inventory Control. Automation.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Supply Chain Shaman

FEBRUARY 14, 2022

Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Mistake #3. My challenge?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

JANUARY 15, 2022

At the break of the first sales kick-off meeting, I took a walk with a friend named Scott. As we walked, I reflected and kept asking Scott, “How can we optimize outcomes if companies are not clear on what defines excellence?” Sales incentives drove a positive bias that inflated inventory. At the first meeting.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Software Modeling 195

Supply Chain Shaman

JANUARY 15, 2022

At the break of the first sales kick-off meeting, I took a walk with a friend named Scott. As we walked, I reflected and kept asking Scott, “How can we optimize outcomes if companies are not clear on what defines excellence?” Sales incentives drove a positive bias that inflated inventory. At the first meeting.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Modeling Software Modeling 195

Supply Chain Shaman

AUGUST 12, 2020

Heavily booked and running from meeting to meeting, I was late. The topic of the meeting was the logistics to launch of the AMR Research Top 25. The topic of the meeting was the logistics to launch of the AMR Research Top 25. As I squeezed into the middle seat of a crowded conference room, I got the stare.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Unleashed

JUNE 24, 2020

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. What is Omnichannel Inventory Management? Clear data visibility.

Inventory Management Software 98

Inventory Management Software Inventory Management Omnichannel Inventory Reduction 98

Supply Chain Shaman

JULY 6, 2020

My Monday morning staff meetings could have been a Saturday night live skit. Frank, the line manager for manufacturing, dominated the meetings. Ed argued that instead of buying new packaging equipment that we should work with R&D to have a base flavor and add the color and flavoring at the head of the machine.

Agile and Lean Supply Chain 304

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 304

Taulia

JULY 5, 2021

VMI streamlines inventory management and order fulfillment, benefitting both suppliers and buyers. This article elucidates VMI, starting with a concise definition before discussing the difference between VMI and traditional inventory management. What is Vendor Managed Inventory? How does VMI work?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

SCMDOJO

FEBRUARY 20, 2023

Distribution Operations Definition Distribution Operations refers to the management and execution of the processes involved in delivering products or services to end users. It involves various activities, such as warehousing, inventory management, transportation, and logistics.

Inventory Reduction 102

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 102

AFFLINK

AUGUST 30, 2016

Historically, group purchasing organizations (GPOs) have been primarily utilized within the healthcare industry. A GPO is a group of businesses or organizations that come together to use their collective purchasing power to receive discounts from vendors. belong to at least one GPO. Your vendors aren’t delivering reliably.

Purchasing Skills 63

Purchasing Skills Eliminating Excel in Purchasing Vendor Strategies Groups 63

Logility

MARCH 24, 2021

No one should be surprised that consultants, pundits, marketers and academics have found ways to argue about the definition and ultimate business value of Integrated Business Planning (IBP). Revenue and demand Service levels Inventory levels Profits and margins Cash flow. Indeed, it would be surprising if they agreed.

Supply Chain Planning Software 175

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 175

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Join us on this exploration as we uncover the definitions hidden within the realm of procurement reports and access free sample reports!

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

Supply Chain Shaman

OCTOBER 8, 2019

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Time horizon. Bias and error.

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

GlobalTranz

JANUARY 7, 2016

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. It was called, “ The Short List ”.

Manufacturing Procurement 120

Manufacturing Procurement Manufacturing Eliminating Excel in Purchasing Purchasing Skills 120

Freightos

MAY 31, 2022

I can walk into a local shop and purchase products from all around the globe. This isn’t just about consumerism; it’s inspiring to think that in purchasing an imported product, we are, in a tiny way, helping provide employment for people across our planet, often in developing countries. I started Freightos a decade ago, in 2012.

Purchasing Skills 156

Purchasing Skills Predictive Analytics Software Logistics Network Optimization Software Supply Chain Planning Software 156

Supply Chain Game Changer

AUGUST 29, 2019

Do You Want Inventory Turnover Breakthrough? A ghost asset is any asset that meets two conditions: It’s no longer present, working or otherwise usable. It’s still being recorded in inventory and accounting systems. These non-assets linger in inventory and accounting systems, potentially becoming a liability for the business.

Inventory Reduction 65

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Design Software 65

Synovos

MARCH 11, 2024

The carbon footprint of the products they buy is affecting their choices and trends are favoring longer product life and lower energy usage.” It definitely affects them more adversely than other industries.” There’s optimization of inventory held in the storeroom. This makes minimizing downtime even more important.

Manufacturing Procurement 52

Manufacturing Procurement Food Manufacturing Material Savings 52

Supply Chain Shaman

OCTOBER 2, 2020

Another client wants to push the customer-centric concept in his organization, but his definition is to do whatever the customer wants. In this article, I want to emphasize that a customer-centric supply chain meets and exceeds the customer’s needs day-by-day based on a well-defined relationship against a brand promise.

Customer Service 324

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 324

Supply Chain Shaman

NOVEMBER 9, 2014

Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. They had seen my videos on the website and needed a speaker for their global kick-off meeting. This team is not buying the message. It was a large multinational company. “I study supply chains.

Manufacturing Procurement 289

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 289

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. They are primarily focused on cost management on new purchase decisions. The teams fight for recognition to participate in top-to-top meetings. It is now shifting again.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Precoro

JUNE 6, 2022

Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Retail shops are vendors for each individual customer buying sneakers. Vendors typically provide items ready to go for sale and can be inventoried. And is expected to double by 2026.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Elementum

FEBRUARY 7, 2024

This section will explore the definition of a digital process and trace the journey of digital transformation through history. Improving Business Operations with Digital Processes At the heart of operational excellence is the ability to optimize workflows through digital process automation.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Inventory Reduction Waste Reduction 120

EMERGE App

APRIL 5, 2024

Yet, if you’re a wholesale distribution owner now, you have definitely endured the struggles through the market and the customer’s pressures, specifically after the black swan of COVID-19 in 2020-2021. A well-managed supply chain is essential for timely order fulfillment, inventory optimization, and minimizing disruptions.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Price Reduction Sourcing Strategies 52

SCMDOJO

JUNE 21, 2023

Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 90

Supply Chain Shaman

OCTOBER 29, 2014

The meeting is on everyone’s calendar. There is an abundance of pastries flowing from the basket, and the stage is set for an impactful meeting. Even though things seem to be going well (all of the meeting details are well-executed and the speaker is giving an energized presentation), the room is eerily quiet.

Supply Chain Planning Software 326

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 326

AIMMS

MARCH 8, 2016

Today’s shopper prefers to buy online and get products delivered at the best possible time and place, resulting in key shifts in the supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Price Reduction 156

Price Reduction Cost Reduction Strategies Inventory Reduction Sourcing Strategies 156

Supply Chain Shaman

JULY 3, 2017

As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. Growth in car buying stimulated the value chain. In critical industries like semiconductor and computer hardware, growth is down, operating margin is off and inventory turns are declining.

Inventory Reduction 161

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 161

Supply Chain Shaman

APRIL 7, 2016

In this post my goal is to help companies build outside-in processes through a clearer definition. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. This outside-in orientation needs a definition to make it actionable. Reflection. I am not quite sure. Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Logistics Network Optimization Software 91

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 91

Kinaxis

SEPTEMBER 16, 2014

While other “lists” use ROA, Inventory Turns and Revenue Growth, I find Lora’s science very objective. She is analyzing growth, inventory turns, operating margin, and return on invested capital, performance and improvement over time. . “ Most of this middleware was Excel and Meetings. Strong horizontal processes.

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

IQMS

FEBRUARY 12, 2021

Keeping customers’ trust by choosing to excel at product quality above all is one of the main factors that drive manufacturers to adopt MES systems. By definition, MES manages compliance, production, and quality by providing real-time process and product monitoring across a production center and integrating with the core ERP system.

Manufacturing 65

Manufacturing Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 65

Kinaxis

MARCH 3, 2017

by Trevor Miles These were the words that popped out at me during an excellent presentation by Alex Brown of Xilinx during his keynote presentation. What amuses me about the definition is that it’s almost like the problem is being deliberately obdurate, another lovely big word, frustrating the human being. It was in Alex’s title.

Purchasing Skills 100

Purchasing Skills Forecasting Supply and Demand Optimal Sourcing 100

ThroughPut

MARCH 25, 2024

Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. Let’s get started with definitions, differences and benefits. To address these challenges, supply chain professionals must adopt advanced forecasting methods. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

SEPTEMBER 28, 2012

My definition is wide. Most companies have made their own organizations more efficient (ROA), but they have not reduced inventories and they have pushed costs back in the supply chain on suppliers that are less able to bear them. We have let buy- and sell-side transactional relationships erode value.

Pricing Training 262

Pricing Training Supply Chain Design Software Waste Reduction Purchasing Training 262