Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. Instead, we need to Jump.

Inventory Reduction 376

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 376

Supply Chain Shaman

JANUARY 28, 2013

Within an organization, the words “Demand Planning” stir emotions. Seldom do we find a team excited about demand planning. After two decades of process and technology refinement, excellence in demand management still eludes supply chain teams. Usually, it is not a mild reaction.

Supply and Demand 238

Supply and Demand Modeling Demand Planning Software Demand Management 238

DynaSys

AUGUST 19, 2021

You’ve decided to implement a demand plan and now it’s time to outline roles and responsibilities. Demand planning bridges the function between commerce and supply chain, so the question of roles and responsibilities isn’t a surprising one. Secondly, a demand planner should have the ability to analyze the historical data.

Supply and Demand 52

Supply and Demand Demand Planning Modeling Supply Chain Planning 52

SYSPRO Smarter ERP

FEBRUARY 2, 2022

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Tracking issues.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

QAD

APRIL 10, 2024

Thus, it can impact the efficiency of operations and increase inventory carrying costs. The adoption of demand forecasting tools can help overcome the challenges of demand fluctuation in a timely manner. It’s the deviation, or margin of error, between the actual demand figures and the forecasted result in the demand plan.

Optimal Sourcing 52

Optimal Sourcing Forecasting Supply and Demand Forecasting Software 52

Supply Chain Shaman

APRIL 19, 2021

My organization does not believe in demand planning. The lack of belief in demand management is a barrier for us. I know that it sounds funny, but a good demand plan helps organizations to align and discuss the market potential. The goal of demand planning is to identify the error.

Supply Chain Planning Software 265

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 265

Arkieva

JUNE 16, 2016

The correct management of demand information can greatly influence the level of integration and responsiveness, and has a direct impact on customer service and inventory levels. But how to create powerful demand planning implementation? Strive for a collaborative demand planning implementation process.

Supply and Demand 60

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 60

BlueYonder

APRIL 25, 2017

Now that we’ve established that forecasting is important , you know what your demand planning organization is going to do and how you plan to structure it , here we’ll address where to put it. Analytical: The degree to which the organization is able to attract and manage a group of analytical people, and grow its capability.

Supply and Demand 42

Supply and Demand Demand Planning Supply Chain Planning Software Supply Chain Planning 42

Intelligent Audit

JULY 27, 2021

Supply and demand are two sides of the same coin, the vital coin of inventory management supply chain analytics. Without adequate inventory and supply to go along with capacity and demand, supply chain management will struggle to keep pace during peak seasons.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Sourcing Strategies 52

Logility

JANUARY 22, 2014

Demand management has always been at the top of supply chain professionals’ list of challenges. All these moves have added complexity to the demand planning challenge. Those who did not and had no plans to scored lower on critical measures. They had faster turns, lower inventory, and better customer service.

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

Supply Chain Shaman

APRIL 19, 2021

My organization does not believe in demand planning. The lack of belief in demand management is a barrier for us. I know that it sounds funny, but a good demand plan helps organizations to align and discuss the market potential. So, the first value proposition of demand planning is organizational alignment.

Supply Chain Planning Software 195

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 195

BlueYonder

APRIL 25, 2017

Now that we’ve established that forecasting is important , you know what your demand planning organization is going to do and how you plan to structure it , here we’ll address where to put it. Analytical: The degree to which the organization is able to attract and manage a group of analytical people, and grow its capability.

Supply and Demand 40

Supply and Demand Demand Planning Supply Chain Planning Software Supply Chain Planning 40

Supply Chain Shaman

OCTOBER 8, 2017

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I do believe in demand planning, but most companies overstate forecast improvements. ” I am in the middle. The Problems.

Supply and Demand 155

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 155

Kinaxis

MARCH 25, 2015

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability. Visibility allows you to see precisely how much inventory you have and where.

Optimal Sourcing 100

Optimal Sourcing Inventory Reduction Modeling Inventory 100

BlueYonder

APRIL 10, 2017

Once you’ve decided your company will create a demand planning group and have determined what processes your organization will support , you can decide how to structure and staff it. As discussed in Part 2, there may be other functions combined with demand planning in your group.

Supply and Demand 40

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 40

Supply Chain Shaman

JANUARY 2, 2023

(The planning team was defending the status quo without questioning current practices and how to improve them.) The question was, “How can I redefine demand planning processes to use channel data?” Starting to understand the issue with multi-tier demand planning? Demand is a tough subject.

Supply and Demand 345

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 345

Logility

OCTOBER 22, 2019

The first commercially available demand planning system was introduced to the market in the mid 1970’s by American Software. At that time only the largest companies could afford robust demand planning systems run on mainframe systems managed by a dedicated demand planning specialist.

Optimal Sourcing 105

Optimal Sourcing Modeling Supply and Demand Optimization Software 105

BlueYonder

APRIL 10, 2017

Once you’ve decided your company will create a demand planning group and have determined what processes your organization will support , you can decide how to structure and staff it. As discussed in Part 2, there may be other functions combined with demand planning in your group.

Supply and Demand 40

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 40

SCMDOJO

JUNE 21, 2023

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. SCaaS: Planning & Demand Management Measurable outsourcing provides companies with a cost-cutting solution. Why outsource Demand Planning?

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 94

Supply Chain Shaman

MARCH 27, 2014

So, I am going to focus here and share my answer: Demand sensing is the application of analytic technologies to detect short-term patterns in channel data and translate it into distribution requirements. It replaces rules-based consumption in demand planning, and will improve short-term forecasting by 30-35%.

Supply and Demand 278

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 278

Logility

AUGUST 16, 2022

“We benefited greatly from the industry expertise at Logility and from their local implementation partner Demand Management Systems. To achieve its growth goals, iNova needed to unify and synchronize its strategy for supply and demand planning, sales and operations planning (S&OP), and inventory management.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Supply Chain Design Software Prescriptive Analytics Software 130

Logility

FEBRUARY 18, 2020

Machine Learning has been used to improve demand forecasting since the early 2000s. Demand Planning applications rely on a series of algorithms to take historical shipment data and turn it into a forecast. In a demand management application, the system is continuously monitoring forecasting accuracy.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply and Demand 182

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Kinaxis

FEBRUARY 5, 2015

The author, Osgood Vogler, Director, Analytics, Celestica Supply Chain Managed Services, describes an insight-based demand management process: So, how do you take the guesswork out of forecast planning? Demand planning has a big impact on business performance. Why is planning necessary? •

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

Logility

JANUARY 16, 2018

This is especially true for those that work in and manage the demand planning process. Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. This sounds a lot like the definition for demand planning to me.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

Kinaxis

AUGUST 18, 2014

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Some people call this “Big Data”.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

Logistics Viewpoints

NOVEMBER 29, 2023

There are five major technologies included in the study: warehouse management systems (WMS), transportation management systems (TMS), distributed order management (DOM), inventory optimization/store replenishment, and demand planning. Essentially it is the backbone of moving goods from point A to point B.

Optimal Sourcing 249

Optimal Sourcing Optimization Software Forecasting Software Demand Planning Software 249

Logility

JUNE 8, 2021

and Demand Management, Inc., each a subsidiary of the Company, congratulated Clark Mitchell, vice president of demand planning at Kontoor Brands, Inc., and Demand Management, Inc., each a subsidiary of the Company, congratulated Clark Mitchell, vice president of demand planning at Kontoor Brands, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Optimization Software 130

Kinaxis

JULY 30, 2018

A small shift in customer demand essentially cracks the whip, and the further a supplier is from the demand, the more significant the impact, which inevitably leads to increasing swings in inventory for suppliers. As I was researching bullwhips and supply chains, I came across some interesting facts and history.

Indiana 120

Indiana Supply and Demand Supply Chain Design Supply Chain Planning 120

The Smart Software

MARCH 13, 2019

Consider what is meant by “demand management”, “demand planning”, and “forecasting”. These terms imply certain standard functionality for collaboration, statistical analysis, and reporting to support a professional demand planning process.

Forecasting 53

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 53

Supply Chain Shaman

JANUARY 29, 2018

For him, this meant growing top-line revenue with less supply chain inventory. To achieve the objective, he asked Ajay Bhardwaj, Director of Planning at Glen Raven Custom Fabrics, to help. Ajay, shown here, has a strong background of 25 years in supply chain planning. 2X longer than demand planning.) had a goal.

Supply Chain Planning Software 0

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 0

Kinaxis

MARCH 18, 2015

One reason lies in companies’ heavy investment in traditional enterprise resource planning and demand-planning infrastructure, says Martin. But the volatility of demand, coupled with growing risk in global supply chains , has shown that this approach won’t give companies the agility they’re seeking.

Supply and Demand 100

Supply and Demand Supply Chain Planning Software Demand Planning Software Agile and Lean Supply Chain 100

ThroughPut

JANUARY 21, 2021

The shock has shaken up age-old demand patterns and has amplified uncertainty and volatility across sectors. This is truly a stress test for Demand Management Processes. None of our existing demand systems were prepared for the unpredictable pandemic demand patterns and has thrown the economy right on its toes.

Supply and Demand 52

Supply and Demand Agile and Lean Supply Chain Optimal Sourcing Supply Chain Planning Software 52

Kinaxis

MARCH 2, 2015

Make informed decisions, and start taking control of demand itself.”. The answer lies in a more strategic approach to inventory and supply. The post Teradyne – Managing Demand: How Agility Replaces Predictability – SupplyChainBrain & Kinaxis Video Series appeared first on The 21st Century Supply Chain.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply and Demand Predictive Analytics Software Demand Planning Software 100

Logistics Viewpoints

MAY 30, 2022

She worked as a production planner, a master planner, a demand planner, and inventory manager, before leading a team of demand planners in 2015. In winning the business, Jabil had committed themselves to being able to turn inventory 12 times a year. They had over 100 days of inventory on hand. Tymon said.

Supply and Demand 41

Supply and Demand Supply Chain Planning Software Scenario Planning Supply Chain Design Software 41

Kinaxis

APRIL 17, 2015

We have more data than ever before, yet we can’t see the inventory.”. Demand is more volatile than ever, Green notes. General News Supply chain management Demand management Demand planning Supply chain' According to Martin, it’s important to understand the context in which people are using technology.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Supply and Demand Video 100

Supply Chain Shaman

JULY 22, 2013

Use technologies like IBM (Logictools), JDA (i2 Strategist), Llamasoft, and Logility (Optiant) to design inventory buffers and determine the right form and function of inventory. Focus less on sales and marketing forecasting and build your demand plan on attribute-based models based on channel data outside-in.

Supply and Demand 232

Supply and Demand Supply Chain Design Software Modeling Supply Chain Planning Software 232