Remove Demand Management Remove Metrics Remove Procurement Analytics Remove Supply Chain
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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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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

Discussions devoid of definitions are the favorite ploy of the Supply Chain Conquistadors.). Models Matter. In implementing planning, most of the focus in purchasing technology in the sales cycle is on optimization. As shown in Figure 2, traditional models used a single input to drive a single output.

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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. The impact of lean retail on supply chain management.

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When The Wheels Fall Off

Supply Chain Shaman

When the repair estimate was 5X the cost of the car, I wrote the dealer a check and drove off in a 2019 Lincoln Nautilus with 4,200 miles. I believe that it is an analogy for what is happening in today’s supply chain market. Plan for the supply chain trifecta. Why do I tell you this story? Let me explain.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Here are ten things to keep in mind in terms of the role that forecasting can have on supply chains: While not a cure all, forecasting does matter.

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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. Ryan Casas, COO of iloveplum.

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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.