Demand Management’s Partner in Crime – Central Planning

Arkieva

Arguably the two most important core components of managing the supply chain or demand-supply network are demand management (DM) and Central Planning (CP). Demand Management’s Partner in Crime – Central Planning was first posted on May 12, 2020 at 8:05 am. ©2017 CP is sometimes referred to as master planning or supply planning. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Finn-Tack implements inventory and demand management solution

Supply Chain Movement

Finn-Tack, with an international customer base with growing global demand, has two production plants in China, and the Ukraine, manufacturing riding equipment and clothing. Finn-Tack invited Barloworld Supply Chain Software (SCS) to evaluate the future requirements of the company with a view of implementing a robust inventory and demand management solution capable of delivering significant inventory reductions across all of its warehouses.

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Apparel and footwear: At what point is missed sales better than excess inventory?

Kinaxis

In adidas’s recent earnings call, CEO Kasper Rorsted warned that adidas would miss its 2019 growth target because its supply chain was unable to meet the huge demand for its mid-priced apparel, especially in North America. The CEO went on to imply that losing sales was preferable to building excess inventory. Shouldn’t it be ok to build inventory in anticipation of demand surges, and then apply promotions to work through the excess? by Harish Iyer.

My Take: Let’s Admit Seven Demand Management Mistakes of the Last Decade

Supply Chain Shaman

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. They want to improve demand planning, but they remain skeptical that they can ever be successful in improving the process. Supply Chain Management (SCM) concepts are now thirty-years old.

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by customer.

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Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. Those of you that manage inventories know how hard it can be to get the quantities just right. If you maintain too little inventory, you have stockouts, line stoppages and unhappy customers.

Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ The authors, Anandhi Narayanan, Senior Manager, Advanced Customer Solutions, Charles Thomas, Director, IT Customer Solutions, Stacey Greene, Director of Inventory Optimization and Robert Rejano, Processes and Applications Advisor, all with Celestica, describe the critical steps needed to drive inventory performance improvements.

Demand Versus Predict Variability – Avoiding a Paint by Numbers Disaster

Arkieva

The example involves demand variability versus prediction variability and its impact on inventory policy and operational efficiencies. Demand Versus Predict Variability – Avoiding a Paint by Numbers Disaster was first posted on September 30, 2020 at 8:19 am. ©2017

Is Your Demand Management Process Keeping Up with Innovation?

Supply Chain Nation

Companies must constantly innovate to keep up with and satisfy fast-changing consumer demand. Is your demand management process adequately supporting this innovation requirement? Demand management as a discipline has been around for a long time, as have computer systems used to forecast demand. They were originally designed to keep factories humming, pumping out those products most in demand. Demand Management Featured S&OP

The Absolut Company: Balancing Service and Inventory Creates a Delicious Mix

ToolsGroup

Production complexity and SKU count had been steadily increasing for years, and finally prompted Absolut to seek a better and more efficient way to manage production planning for its extremely popular vodka. A key factor was Optilon’s ability to integrate best-of-breed solutions for production planning, demand forecasting, inventory optimization, and replenishment into a seamless process. Blog Demand Planning Inventory Optimization Supply Chain Planning Featured

Speed up your eCommerce Business with Inventory Management Software

Vinculum

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success. Thus, inventory Management Software is really an essential tool for your business to gear itself up. What is Inventory Management System?

What If You Could Take The Guesswork Out Of Forecast Planning? Guest Post from Osgood Vogler

Kinaxis

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. Persistent planning biases can tie up cash by driving excess inventory. The factors which impact demand management and forecasting are nearly endless. How predictable is the demand?

Indiana Jones and the supply chain bullwhip effect

Kinaxis

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. This question of demand management led me to wonder if any bullwhip manufacturer or supplier ever ran into a situation that caused them to experience the bullwhip effect in their own supply chains. The bullwhip effect and demand forecasting.

10 Best Inventory Book for All Experience Levels

Supply Chain Opz

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong. Effective control of inventory requires a broad spectrum of knowledge. Clive (Material Management) 5) RFID For Dummies by Patrick J.

The Supply Chain “Change” Dilemma!

Kinaxis

Demand management General News Inventory management Supply chain collaboration Supply chain management Aaron African time Alex Grey Artificial intelligence Canada Collaborative poetry Collective intelligence Organizational culture Peter Senge Systems thinking by Prasad Satyavolu Trevor Miles and I have been having a healthy discussion on the Internet of Things and how these technology changes are shaping the way we work.

Your supply chain is costing you money – Reason #4 Making key decisions by modelling the supply chain in Excel

Kinaxis

Companies that are forced to use Excel to manage large swaths of their advanced supply chain planning. You need to be able to see where inventory exists, what capacity is available and what the issues are. Demand management General News Inventory management Response Management Supply chain collaboration Supply chain management Enterprise resource planning (ERP) Excel Manufacturing Microsoft Excel Reason (magazine) Sales & Operations Planning Supply chain Visibility

Supply Chain Professionals Speak on Delivering Better Business Outcomes with Kinaxis

Kinaxis

Best practices Control tower Demand management General News Inventory management Miscellanea Sales and operations planning (S&OP) Supply chain collaboration Supply chain management Anne Bassett Apple Inc. by Melissa Clow I wanted to share this video compilation of several supply chain professionals that we have interviewed over the years.

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Remembering: Turning Visibility into Possibility by Don Gaspari, NCR at Kinexions

Kinaxis

In this video hear, Don Gaspari, Director, Materials & Inventory, Global Operations and Logistics, NCR, speak about his time at NCR and their vision to leverage it’s market leadership in self service devices and applications to transform the way that business does business with consumers. Demand management General News Inventory management Response Management Sales and operations planning (S&OP) Supply chain management

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Will the Internet of Things (IoT) Help Eliminate Information Latency and Deficiency in Supply Planning?

Kinaxis

A multitude of challenges are emerging from a rapidly evolving supply & demand environment that warrant a fresh look at planning – really to assess the level of entropy ! Will IoT design enable us to get demand signals from the products and sensory information from the entire set of physical infrastructure for planning? Demand management General News Inventory management Sales and operations planning (S&OP) Supply chain management

What About Them Apples?

Supply Chain Shaman

In offices across the United Sates, demand planners are scratching their heads. Shifting demand and rising prices for cotton and orange juice. Surprising demand in automotive for car replacement. History is not a good predictor of current demand. Sensing of markets and the translation of channel demand into an accurate demand signal for the company is the foundational principle of market-driven processes. Today’s demand processes are inside-out.

Elephant in the Room: Thoughts on Metrics That Matter in Semiconductor and Hard Disk Drives

Kinaxis

Understanding inventory planning will take on a new dynamic. The ‘bullwhip effect’ certainly plays a role here, creating wide fluctuations (over and under) of supply and demand – due to disorganization, lack of communication or miscommunication, incorrect demand information, etc. On the downside, it appears that these industries are struggling with inventory issues. by CJ Wehlage.

On-demand Recording of Purposeful Collaboration: What It Could Mean for Your S&OP Process

Kinaxis

Demand management General News Inventory management Milesahead Sales and operations planning (S&OP) Supply Chain Events Supply chain management by Melissa Clow.

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Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by a customer.

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Live Webcast: Continuous S&OP for Life Sciences – Breaking the Mold

Kinaxis

Demand management General News Inventory management Milesahead Supply Chain Events Abbott Laboratories Alan Lepofsky American Horror Story Anaplan Business process Cell Therapeutics CNOOC Limited Eastern Time Zone Kinaxis Supply chain by Melissa Clow.

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The Next Great Disruption Coming to Supply Chains

Kinaxis

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. But, we continue to see the trend as a sales and/or a demand planning issue; something where we need better visibility to real time demand or a finer cut of demand signals.

Top 15 Supply Chains to Admire from the Supply Chain Insights Conference

Kinaxis

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. . “ We believe it is the supply chain leader’s role to build and manage supply chain performance to drive year-over-year improvements which are balanced, strong and resilient. Demand and supply volatility makes the supply chain “tough”.

Accenture – 10 Years After: How Close Are We to True Demand-Driven Supply Chains? SupplyChainBrain & Kinaxis Video Series

Kinaxis

It’s been about a decade since companies began talking about the dream of a truly “ demand-driven ” supply chain. It’s been 10 years since companies began striving to create “demand-driven” supply chains. Today, companies are “realizing that perhaps it’s not quite as short a journey as we thought it would be,” says Roddy Martin, managing director of Accenture Supply Chain Strategies. The push for demand-driven supply chains has to come from the top.

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Your supply chain is costing you money – Reason #3 Not having end-to-end supply chain visibility

Kinaxis

So a scheduler at one plant has no visibility as to the inventory position, capacity or material supplies at another plant. In our drop in situation, you could have sufficient inventory at a different site but never know it because you can’t see it. Demand management General News Supply chain management Business Business intelligence Enterprise resource planning (ERP) ERP Friday Lead time Manufacturing Sales and operations planning Supply chain

A River Runs Through It…

Supply Chain Shaman

It is the river of “demand.” While most companies attempt to shape demand–through promotions, new product launch, pricing, sales incentives and marketing–they confuse demand shaping with demand shifting. Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product. Demand for products/services is not unlimited. A Focus on Demand Flows.

What the Analysts Are Saying About…A&D Supply Chains

Kinaxis

The challenge is balancing reduced material delays with rising inventory levels and longer Days of Inventory. Best practices Demand management General News Supply chain collaboration Supply chain management Aerospace Kinaxis Lockheed Martin Manufacturing Sales and operations planning Supply chain Supply Chain Insights by Bill DuBois. Are you looking for some reading material to pass the time on your next flight?

Teradyne – Managing Demand: How Agility Replaces Predictability – SupplyChainBrain & Kinaxis Video Series

Kinaxis

With consumer markets more volatile and unpredictable than ever before, companies need to make up for a lack of forecast accuracy with supply chains that can rapidly respond to changing demand , says Chris Vosse, business systems analyst with Teradyne. Demand planners agree: the forecast is always wrong. “We But rather than try to hone their predictions further, companies should be looking to improve their agility in responding to unexpected shifts in demand.

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Six Sigma Tools and Inventory Management

EMERGE App

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. The second is about controlling and managing the stock of raw materials, semi-finished goods and final products. Next, we’ll explore whether it is still relevant today and what it means for inventory management. Lean Six Sigma and Supply Chain Management.

Avaya & Accenture – Supply Chains of the Future: Where Will We Get the Talent? SupplyChainBrain & Kinaxis Video Series

Kinaxis

Companies have been investing in supply-chain technology for 20 years or more – yet many are still far from the goal of creating global, demand-driven networks. Check out this recorded roundtable discussion with Benji Green, director of global supply chain operations with Avaya; Trevor Miles , executive vice president of thought leadership with Kinaxis, and Roddy Martin, managing director of Accenture Supply Chain Strategies. Demand is more volatile than ever, Green notes.

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Qualcomm: What’s Wrong With Traditional S&OP? – SupplyChainBrain & Kinaxis Video Series

Kinaxis

By the time you get in front of the management team, that data has already changed,” Beveridge says. They focus on the state of the company’s supply and demand balance , with an eye toward making “immediate course changes” if necessary. That becomes necessary “if you’re working at a company where demand is ever-changing. Integration of supply and demand planning is essential to a company’s ability to react to volatility.

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Using Lean Management for Inventory!

Supply Chain Game Changer

Lean management article originally published by Veridian at [link] Permission to publish here provided by Jason Rosing. What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. Subscribe Here!

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