Supply Chain Shaman

AUGUST 12, 2024

This is especially true in the world of demand management. It might be a change in modeling technique (like an attribute-based model), shifting the bottoms-up and tops-down forecasting approach (forecasting at a different place in the hierarchy), or the use of channel data. The Functional Manager. Let me explain.

Waste Reduction 195

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Supply Chain View from the Field

DECEMBER 14, 2013

In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurement manager’s role as a support to the Chief Financial Officer.

Optimal Sourcing 74

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ThroughPut

OCTOBER 18, 2024

ThroughPut AI: Best for supply chain analytics and decision intelligence WATCH ON-DEMAND THROUGHPUT AI DEMO With Artificial Intelligence (AI) and Machine Learning (ML), a very powerful force comes into play in your supply chain decision-making processes with ThroughPut AI.

Supply Chain Planning Software 52

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Logility

AUGUST 24, 2022

NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2023. and Demand Management, Inc., wholly owned subsidiaries of the Company, were recognized by Supply & Demand Chain Executive as recipients of the Top Supply Chain Projects Award 2022. and Demand Management, Inc.,

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Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. Companies that operate separate systems for revenue management and demand management create a risk in understanding market trends and gauging price elasticity quickly. With the increase in product complexity, many companies have demand latency longer than supplier lead time.

Gartner 424

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Supply Chain View from the Field

OCTOBER 3, 2013

We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. The scope of the datasets his team was working on was limited to supply management, but the sheer volume of data was staggering in its complexity and fragmentation.

Procurement Analytics 60

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Supply Chain Shaman

OCTOBER 8, 2017

” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements. Today’s demand management processes have many issues. Redefine Tactical Demand Planning.

Supply and Demand 199

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ShipBob

OCTOBER 24, 2022

Demand forecasting helps the business make better-informed supply decisions that estimate the total sales and revenue for a future period of time. Demand forecasting allows businesses to optimize inventory by predicting future sales. Importance of demand forecasting for ecommerce. Types of demand forecasting techniques.

Forecasting 130

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Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

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Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. The inherent buying patterns of consumers are also changing.

Supply and Demand 150

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ThroughPut

MAY 1, 2023

But to not be able to understand or manage that demand, given the market volatility created by higher customer expectations and shorter fulfillment cycles, has created continuous ripples of chaos in the entire supply chain. Are we able to intuitively align inventory to match demand? If not, how do we get there?

Supply and Demand 52

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Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions.

Supply Chain Planning Software 98

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SYSPRO Smarter ERP

APRIL 22, 2024

You lack visibility into your finances Inventory management is challenging and you either find yourself running out of material or overstocking your supplies, tying up cash. An ERP allows you to forecast demand, manage inventory levels, and improve procurement , resulting in the right inventory at the right time.

Manufacturing Procurement 105

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SYSPRO Smarter ERP

DECEMBER 11, 2023

Customer relationship management and service Excellent customer service is a key requirement for renewable energy companies. It can track, manage and report the book value and depreciation of fixed assets. For period-end, companies can close the books quicker and report financials accurately.

Sourcing Strategies 52

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SCMDOJO

OCTOBER 7, 2024

It takes into account inventory levels, production, and purchasing lead times, order statuses, as well as forecasts, and customer orders that drive the master production schedule. Eventually, the name was changed to manufacturing resource planning or MRP II, which also integrates capacity planning, forecasting, and demand management.

Manufacturing Procurement 52

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ThroughPut

JUNE 24, 2022

To guarantee results, supply chain managers need to be able to cut through this noise with a powerful tool to make use of this vast amount of data with targeted operational analytics to detect, quantify and rank the bottleneck operations building-up in business processes early on. 4) ACTIONABLE ANALYTICAL INSIGHTS.

Supply Chain Planning Software 98

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ThroughPut

APRIL 6, 2020

This keeps them from creating smooth, synchronized and responsive supply chain plans to achieve the desired operational excellence. – How can it facilitate the best possible manner in which the requirements can be met from the demand plan created? Demand management. Sales Planning. into the final plan?

Supply Chain Planning Software 52

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ThroughPut

APRIL 6, 2020

This keeps them from creating smooth, synchronized and responsive supply chain plans to achieve the desired operational excellence. – How can it facilitate the best possible manner in which the requirements can be met from the demand plan created? Demand management. Sales Planning. into the final plan?

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

Supply Chain Shaman

JANUARY 2, 2023

The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving. (The The team was not calibrated on the role of forecasting and the basics around process excellence. Models Matter.

Supply and Demand 428

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RFgen

JANUARY 21, 2025

A warehouse management system (WMS) can significantly improve your bottom line, but implementing it effectively involves understanding the associated costs and benefits, and how factors like inventory accuracy and order fulfillment speed contribute to overall value. Many companies purchase a WMS and expect immediate results.

Inventory Management Software 52

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Supply Chain Shaman

APRIL 19, 2021

“We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. And, what are you trying to model? How do you define excellence in planning? Companies that buy technologies from an RFP process have a high likelihood of ending up in this predicament. I question, “How is this possible?”

Supply Chain Planning Software 370

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Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

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Supply Chain Shaman

JULY 22, 2016

Learn to navigate the river of demand. Realize that, within the organization, the concept of demand as a flow is not well understood. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. Client Example of Demand Management Across Time Horizons. It was an ugly color.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

SEPTEMBER 13, 2021

If I do an excellent job at safety stock management, my company will have the right levels of inventory. Order and shipment patterns are a good proxy for future demand. Bring up a parallel demand management solution using market data (point of sale, distributor data, and market indicators) and look for trends.

Supply Chain Planning Software 195

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Supply Chain Shaman

JANUARY 2, 2025

Recent public reporting focuses on improving transactional automation in customer service and eliminating paper. Corporate sustainability reporting touts the need to move to the circular economy while extending the lifecycle of installed equipment. My guess is the lack of discipline lies in redefining demand management.

Supply Chain Planning Software 195

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SCMDOJO

DECEMBER 16, 2024

Moreover, you must be skilled in directing the achievement of inventory performance metrics and ensuring adherence to established inventory policies. Optimizing and managing inventory is a very strategic objective of material management. Learn from industry experts and gain the skills you need to excel in your career.

Negotiating Skills 52

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