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Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

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.

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. How lean retail impacts business goals and revenue targets.

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

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.

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When The Wheels Fall Off

Supply Chain Shaman

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.

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What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

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.

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Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

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.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship.