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

Procurement Analytics Analytics Purchasing Skills Data 60

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

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 199

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

Forecasting Forecasting Software Modeling Demand Planning Software 130

Supply Chain Shaman

MAY 30, 2017

I miss the days of Walter Cronkite reporting the news. As I facilitated the class and discussed the findings , the theme of data sharing and demand management was prevalent. Most companies have applied the regional practices of demand management to global teams. Instead, we have talking heads sharing opinions.

San Francisco 170

San Francisco Supply Chain Planning Software Forecasting Software San Jose 170

Logistics Bureau

OCTOBER 12, 2024

For those procurement or Supply Chain executives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Is there any definitive boundaries for procurement not to step across? If you think so, you are probably too conservative.

Cost Reduction Strategies 52

Cost Reduction Strategies Procurement Analytics Optimal Sourcing Procurement 52

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. This gives supply chain leaders a false sense of security.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Logility

JANUARY 16, 2018

Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. Here in lays the crux of the issue with demand sensing.

Supply and Demand 102

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

Material Handling & Logistics

OCTOBER 11, 2017

A few years ago I purchased a sofa from a well-known furniture store. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. Simple lean supply chain techniques such as pull and leveling cost very little to implement and can have a big impact on lead times.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

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

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 98

Supply Chain Opz

JUNE 1, 2014

During a short term planning (less than one month), they pay much attention to the coordination between purchasing, production and sales. The key ingredients of Dell''s supply chain are the partnership with suppliers, part modularity, vendor managed inventory program, demand management and mass customization.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

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

Manufacturing Procurement Supply Chain Planning Software Inventory Management Software Forecasting Software 52

Logistics Bureau

JANUARY 1, 2025

C Items Products which, according to an ABC classification, belongs to the 60-65% of inventory that represents only around 10-15% of the annual demand, usage or production value. Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 76

Taulia

OCTOBER 17, 2022

These can generally be divided into three categories: Cash flows from operating activities represent the movement of money associated with the ordinary operations of a business – generating revenue and covering costs. The measurement of cash flow is key to efficient cash flow management. Key metrics for measuring cash flow include: 1.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

Logility

MAY 2, 2021

But is using one-number forecasts too suspect given today’s growing availability, visibility, and use of big data, advanced analytics, and intelligent algorithms? This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 149

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 149

ThroughPut

JANUARY 2, 2023

It keeps the resource utilization under the set capacity limit and minimizes operations expenses that tap into the purchase of extra capacity. Specific process overview of ThroughPut– month by month suggested utilization and product load: Key metrics highlighted here: Avg machine performance. Stable processes and unstable processes.

Supply Chain Planning Software 52

Supply Chain Planning Software Capacity Scenario Planning Optimization Software 52

ThroughPut

MAY 11, 2021

But post-crisis and once the lockdowns were lifted, the demand for these products went back to normal. These drastic shifts in demand prompted the question, where and how consumers are shopping? According to the trends, there was a rapid shift from in-store purchasing to e-commerce. Advanced analytics. Let us take a look.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Software 52

ThroughPut

MAY 11, 2021

But post-crisis and once the lockdowns were lifted, the demand for these products went back to normal. These drastic shifts in demand prompted the question, where and how consumers are shopping? According to the trends, there was a rapid shift from in-store purchasing to e-commerce. Advanced analytics. Let us take a look.

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Software 52

ThroughPut

MAY 11, 2021

But post-crisis and once the lockdowns were lifted, the demand for these products went back to normal. These drastic shifts in demand prompted the question, where and how consumers are shopping? According to the trends, there was a rapid shift from in-store purchasing to e-commerce. Advanced analytics .

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Software 52

ShipBob

SEPTEMBER 11, 2023

This setup feeds data from your online store, retail partnerships, and other customer-facing channels to the same backend platform that manages your inventory, sales data, customer relationships, analytics, and more. This not only drives sales but also transforms one-time buyers into brand advocates.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Inventory Management Software 52

Unleashed

OCTOBER 5, 2023

It involves tasks like enhancing warehouse layouts, arranging inventory within the warehouse, managing personnel and equipment, and ensuring efficient order picking and packing. There are often features that crossover between warehouse management software and stock management software. Bureau of Labor Statistics , 4.4%

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Cost Reduction Strategies 52

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

Inventory Management Software Optimization Software Forecasting Software Demand Planning Software 52

ThroughPut

MAY 20, 2021

It keeps the resource utilization under the set capacity limit and minimizes operations expenses that tap into the purchase of extra capacity. ELI helps control throughput losses by maximizing the real-time demand, keeping the resource utilization under the set capacity limit. 5) Superior service levels.

Supply Chain Planning Software 40

Supply Chain Planning Software Capacity Scenario Planning Optimization Software 40

ThroughPut

MAY 20, 2021

It keeps the resource utilization under the set capacity limit and minimizes operations expenses that tap into the purchase of extra capacity. ELI helps control throughput losses by maximizing the real-time demand, keeping the resource utilization under the set capacity limit. 5) Superior service levels.

Supply Chain Planning Software 40

Supply Chain Planning Software Capacity Scenario Planning Optimization Software 40

Supply Chain Shaman

JANUARY 2, 2023

Models Matter. In implementing planning, most of the focus in purchasing technology in the sales cycle is on optimization. These role-based views can be consumed into a demand visibility signal and used in the respective applications within transportation and procurement.) Demand is a tough subject. Let me explain.

Supply and Demand 428

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 428

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

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

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

ShipBob

DECEMBER 13, 2021

Many brands find this attractive as they can store goods in foreign countries in different bonded warehouses and not pay import duties until a product is purchased and shipped out from the warehouse. Meanwhile, a tech-enabled 3PL like ShipBob offers robust software to manage all your inventory and fulfillment metrics in one place.

Warehousing 52

Warehousing 3PL Negotiating Skills Purchasing Skills 52

Supply Chain Shaman

SEPTEMBER 13, 2021

Bring up a parallel demand management solution using market data (point of sale, distributor data, and market indicators) and look for trends. Map the demand and process latency for your organization, and sensitize the organization to the differences between market data patterns and traditional order signals. Use Channel Data.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

SCMDOJO

DECEMBER 16, 2024

This competency includes determining which products are managed in the distribution center and which are managed as non-stock build-to-order Required Skills You must possess a working knowledge of inventory tools and applications. Optimizing and managing inventory is a very strategic objective of material management.

Negotiating Skills 52

Negotiating Skills Material Savings Supply Chain Planning Software Inventory Management Software 52

RFgen

DECEMBER 27, 2024

Process Inefficiencies Manual data entry errors: Manual data entry is time-consuming and susceptible to errors, hindering real-time visibility and accurate reporting. Here’s what to focus on: Inventory Management Software: This includes everything from basic data entry to generating reports and running queries.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Warehousing 52