Supply Chain Shaman

FEBRUARY 1, 2024

Peeling Back the Lid on Supply Chain World Salad In this world, where board discussions focus on eliminating waste and meeting corporate social responsibility goals, supply chain teams respond with projects like end-to-end planning, control towers, and real-time decisions. Rolling up a perpetual inventory signal takes eleven hours.

Supply Chain Planning Software 370

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 370

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. Generic lead time formula: Process Completed Date – Process Started Date = Lead Time Types of lead time in supply chain Supply chain management is the collaborative effort of dozens of processes working to meet customer demand for products.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 80

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 80

Supply Chain Shaman

JANUARY 2, 2023

Definition. Definitions of Planning Horizons. Don’t fall prey to discussions that are not grounded in the basic definitions. Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). In this process, sadly, there is little definition of the model. Merriam-Webster.

Supply and Demand 403

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 403

Precoro

OCTOBER 24, 2022

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Analytics Software Sourcing Strategies 98

Unleashed

JANUARY 16, 2024

It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ. For some businesses, landed cost is associated primarily with the supply chain – considering only the cost to procure, transport, and deliver a product. There are always risks inherent in transporting goods.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 16

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 16

EMERGE App

DECEMBER 25, 2023

These challenges encompass Purchasing, Production Planning, Sales-Distribution, Inventory Management, Warehousing Management, Human Resource Management (HRM), and Finance. The importance of Inventory management in business Inventory management holds immense importance in business operations.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Inventory Management 52

Supply Chain Shaman

JUNE 1, 2022

I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. The problem is that most of it is the wrong inventory due to planning fallacies.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 195

Unleashed

SEPTEMBER 3, 2023

If approved by the procurement team or the financial team, the purchase requisition will be converted to a purchase order and then sent to the supplier. A purchase order also enables you to track inventory on order. The supplier checks to ensure they have the inventory necessary to fill the order. It tracks incoming orders.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. 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. Types of Procurement Analytics.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

EMERGE App

DECEMBER 25, 2023

These challenges encompass Purchasing, Production Planning, sales distribution, Inventory Management , Warehousing Management , Human Resource Management (HRM), and Finance. The importance of Inventory management in business Inventory management holds immense importance in business operations.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Procurement Solutions Supply Chain Design Software 52

Supply Chain Shaman

OCTOBER 19, 2022

Definition of Time Horizons. In contrast, the real value of planning is meeting business-critical targets/KPIs. The gaps in expectations between planning and functional organizations like manufacturing, transportation, and procurement are large and growing. While as shown in Figure 2, we offer recent research results.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

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. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Precoro

FEBRUARY 12, 2024

The answer is simple — it helps companies meet short-term obligations while positioning for long-term growth and success. For this purpose, the finance and treasury departments develop a strategy of making sufficient cash available without jeopardizing the company’s ability to meet its financial obligations.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

SCMDOJO

JUNE 6, 2023

Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting. Efficiently managing inventory is crucial for maintaining optimal cash flow and meeting customer service expectations.

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Optimization Software Material Savings 90

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. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome. The reason?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

SCMDOJO

JUNE 21, 2023

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. 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

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Let’s Start with Definitions: One of the difficulties in supply chain is the lack of common definitions. What did we find?

Supply Chain Planning Software 339

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 339

Logility

AUGUST 4, 2023

Getting Started: Make Value Your North Star When it comes to selecting supply chain planning & operations solutions partners, the focus on delivering value should start even before the first vendor meeting. Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

Supply Chain Game Changer

AUGUST 6, 2019

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Yet in many organizations Procurement is not considered strategic.

Optimal Sourcing 48

Optimal Sourcing Purchasing Skills Negotiating Skills Pricing Training 48

Jaggaer

MAY 12, 2020

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Design Software Procurement Predictive Analytics Software 52

Supply Chain Game Changer

NOVEMBER 8, 2022

That is the job of the Procurement team. But more than just finding sources in response to demands from the R&D and Design teams, intelligent Procurement teams are also proactively searching for and qualifying sources in anticipation of future needs. Inventory Positioning. This has an upside and a downside.

Supply Chain Design 114

Supply Chain Design Supply Chain Planning Supply Chain Strategy Manufacturing Procurement 114

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Sustainability is definitely coming of age in Asia. Armed with better data, companies can develop accurate supply and demand forecasting models, localise the procurement of resources and restructure contracts. Using AI and ML to analyse past performance will help organisations optimise inventory.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223

ToolsGroup

SEPTEMBER 8, 2021

Supply chain planning (SCP) is made up of a mix of interlinked technologies, starting with forecasting and moving through inventory optimization and replenishment. This is where the rubber meets the road, and production planning is the key to ensure this supply plan is always executable. But you can definitely be too late.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Forecasting 156

Logility

MARCH 24, 2021

The power of Integrated Business Planning (IBP) comes in helping companies align financial, sales, production, procurement and marketing information into a single plan, grounded in modern-day reality. 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

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. Their career paths, their identities, and their comfort zones were steeped in the traditional definitions.

Manufacturing Procurement 289

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 289

SCMDOJO

DECEMBER 18, 2023

Ensuring Timely Repairs: Having a well-managed inventory of spare parts ensures quick and timely repairs. Improving Employee Productivity: A well-managed spare parts inventory ensures that employees can swiftly access the components they need. Let’s explore the key strategies to ensure your maintenance operations run smoothly.

Inventory Reduction 63

Inventory Reduction Optimal Sourcing Expense Reduction Vendor Strategies 63

Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Financial forecasts tend to have a negative bias (forecasts less than market potential) to ensure that employees have a better probability of meeting their bonuses. Most budgets are completed in currency at a brand level.

Supply Chain Design Software 190

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

NC State SCRC

MAY 6, 2024

He began to develop a vision for tearing down the functional silos that separated production, marketing, distribution, sales, and finance to generate a step-function reduction in inventory and a simultaneous improvement in customer service. Eyes glazed over as the phrase failed to resonate with participants.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Gartner 52

Logistics Viewpoints

FEBRUARY 28, 2022

Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI). It is also worth pointing out, that based on this definition, not all forms of machine learning are particularly complicated.

Optimal Sourcing 283

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 283

Elementum

AUGUST 17, 2022

It’s 2022, and there is software on the market for every situation—including software that meets the needs of supply chain management (SCM). Let’s explore the definition of SCM and some additional tools you should consider using. Supply chains are complicated and delicate. What Is Supply Chain Management?

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Elementum

FEBRUARY 7, 2024

This section will explore the definition of a digital process and trace the journey of digital transformation through history. Inventory Management: AI and ML bring precision to inventory control, automating reorder processes and warehouse organization, ensuring optimal stock levels and reducing waste.

Optimal Sourcing 78

Optimal Sourcing Optimization Software Modeling Prescriptive Analytics Software 78

ToolsGroup

SEPTEMBER 20, 2022

Breaking Down the Definitions. Optimize spare part inventories. Manufacturers face several challenges as they strive to meet consumer demands. They collect historical sales data, scrape social media websites, monitor global financial data, and evaluate macroeconomic trends, weather , and inventory records.

Manufacturing Procurement 156

Manufacturing Procurement Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software 156

New Horizon Supply Chain Blog

FEBRUARY 23, 2024

What Is Demand Planning Within the realm of supply chain management, demand planning is the process of forecasting and managing customer demand so that organizations can make appropriate decisions about future procurement, production, inventory, distribution, hiring, and capital investment.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Supply Chain Shaman

SEPTEMBER 24, 2013

Those without any chutzpah define the “supply chain” as an organizational function that focuses only on distribution, manufacturing and procurement. The later definition fits most organizations that I see. I work with an organization that is using Llamasoft’s mobile Sherpa application in the S&OP meetings.

Supply Chain Planning Software 272

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 272