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.

Ann Grackin: Is the Crisis in Demand Management Being Exacerbated by Spreadsheet Dependency?

Logility

Demand management has always been at the top of supply chain professionals’ list of challenges. All these moves have added complexity to the demand planning challenge. Against this backdrop, it is interesting that many companies still depend on spreadsheets for demand planning and S&OP , as noted in the recent survey by APICS ( see Are Spreadsheets the Answer , SC Digest, September 2013 ).

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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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Future Procurement Capabilities: Supply Managers Need to Think like CFO’s

Supply Chain View from the Field

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. So for procurement, the value of an off-balance float and the total cost of ownership given higher interest rates suddenly become more important.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. Some of the emerging views on the “future of procurement” focus on the importance of being a strong internal consultant, the importance of building relationships, coaching suppliers, post-award contract management, and relational contracting.

Roberto Crippa: “If you try to manage new business with old rules you fail”

Supply Chain Movement

They are very sophisticated and demanding. The business is getting tougher as more and more professional buyers at Customer’s site are managing procurement and purchasing. 1) Demand Management (demand forecasting, scarcity management and part of sales back office). 4) Master Data Management, firstly the “manufacturing side” of product lifecycle management, all routing parameters, safety stocks, lead times etc, plus Item Masters.

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Post Award Contract Management: Soft Skills Differentiate Success

Supply Chain View from the Field

I recently spoke with an oil and gas executive, who shared with me his thoughts on post-award contract management. He noted that “Demand management and specification management are some of the biggest problems encountered in post-award contracting. Managing post-contract projects in the oil and gas sector is particularly challenging, due to the extreme circumstances faced in oil and gas environments that lead to project disruptions and difficulties.

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6 WAYS TO MITIGATE COVID-19’S IMPACT ON YOUR SUPPLY CHAIN

Bristlecone

During the financial crisis, supply chains that drive the modern economy were strong, but industries lacked demand. Supply chains have been hit hard, though demand remains strong in certain markets. But COVID-19 is illustrating the dramatic impact an event of this magnitude can have on global supply chains, as evidenced by the fact that we’re seeing markets now completely out of sync in terms of demand and supply. Learn More: Supplier Risk Management.

Confessions of a High Priced Expediter!

Supply Chain Game Changer

As the Executive responsible for the Commodity/Category Management team he tapped me on the shoulder, often, to get involved and find these parts! At the next monthly Global management call the CEO made a point of thanking me in front of the entire company. And I was recognized on the next Global management call. I left that spreadsheet format with every team and trained them on how to manage with it to track their supply status in the future. Subscribe Here!

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? In the 1980s, the concepts of Total Quality Managements (TQM) and Six Sigma that were advocated for by W.

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Beyond Spend Analytics: Supplier Life Cycle Data

Supply Chain View from the Field

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. But does the invoice manage the contract – and who is checking that? That is a whole process during the procure to pay process called reconciliation. Oh, and don’t forget that you don’t just manage price – but quantity!

Bangladesh Working Conditions: A Human Rights Issue? Or a Supplier Capacity Issue?

Supply Chain View from the Field

Supplier capacity management is all about knowing how much volume a supplier can handle within a fixed amount of time. So the plant manager says OK we will deliver 5,000 units, and subcontracts the extra 2,000 to his buddy down the street who is running an unsafe operation. Better supply chain capacity planning, supply and demand management, and improved collaborative forecasting is the real culprit.

Reality Check: Why It’s Impossible to Manage an Entire Supply Chain Using the ERP Alone

OneSCM

Why Every Supply Chain Function from Procurement to Accounts Payable Will Perform Better if You Have an ERP Orchestration Engine (i.e. The problem is, if you are using more than one ERP to manage your many business processes, then you end up with inefficient processes due to the data silos created by each system. And, while necessary to managing operations, ERPs only complicate supplier management.

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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. What is Lean Inventory Management?

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Reality Check: Why It’s Impossible to Manage an Entire Supply Chain Using the ERP Alone

OneSCM

Why Every Supply Chain Function from Procurement to Accounts Payable Will Perform Better if You Have an ERP Orchestration Engine (i.e. The problem is, if you are using more than one ERP to manage your many business processes, then you end up with inefficient processes due to the data silos created by each system. And, while necessary to managing operations, ERPs only complicate supplier management.

SCM 150

Reality Check: Why It’s Impossible to Manage an Entire Supply Chain Using the ERP Alone

OneSCM

Why Every Supply Chain Function from Procurement to Accounts Payable Will Perform Better if You Have an ERP Orchestration Engine (i.e. The problem is, if you are using more than one ERP to manage your many business processes, then you end up with inefficient processes due to the data silos created by each system. And, while necessary to managing operations, ERPs only complicate supplier management.

SCM 150

What Value Are You Getting From Planning?

Supply Chain Shaman

Operations complexity coupled with the rise in demand volatility increases corporate risk. Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Additionally t he move from regional to global supply chain management decreased visibility. As market demands increase supply chain leaders want the same level of data usability that they have in their personal lives.

European Supply Chain & Logistics Summit 2014

Supply Chain Movement

Mark Foscoe, Group Logistics Manager, Mitsubishi Electric. Stephen O’Mullan, Executive Director, Global Procurement & EMEA Fulfilment Operations, Dell. Key topics that will be addressed at the 16th Annual Supply Chain and Logistics Summit include: Improving demand management planning and customer collaboration. European Supply Chain & Logistics Summit 2014. Date: 16- 18 June 2014.

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Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Key questions include, what is the variability of your demand and supply? How predictable is your demand and supply?

Supplier Co-Innovation: The Next Source for Economic Growth

NC State SCRC

New ideas on how to manage business processes, digital technologies, ways of delivering value to customers, and supply chain linkages are all areas where we are likely to see new forms of innovation occurring. Supply chain process innovation, spanning new third or fourth party logistics capabilities, order fulfillment, risk management, or other forms that are innovative and create supply chain value.

Transforming your supply chain: What experts said at Quintiq World Tour Singapore 2015

DELMIA Quintiq

Travis Wong (Regional Logistics Director, Baker Hughes): Having gone through different supply chain management strategies, I’d say it boils down to three elements: Supply, demand and product. Syed Ali Ridha Madihid (Regional Director of Operations and Supply Chain, ZALORA): E-commerce is an infant industry in Southeast Asia and we are still trying to figure out how to manage our supply chain well.

My Take: E2open Buys Terra Technology

Supply Chain Shaman

The product naming convention changed to Demand Sensing (DS) in 2005. Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. Traditionally E2open sold to the procurement organization.

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What Is Demand Sensing and Why Supply Chain Executives Need to Know More

Veridian Solutions

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing. However, what is demand sensing? In its most basic sense, it’s about sensing demand based on variables in supply and demand, but that’s only half the concept.

Andrew Cox’s “Sourcing Portfolio Analysis”: More of the Same

Supply Chain View from the Field

Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. In fact, the subtitle for the book, “Power Positioning Tools for Category Management and Strategic Sourcing” gives it all away. Book Reviews Strategic Sourcing Supplier Relationship Management Supply Chain Management Supply chain Relationships

No Easter Bunny?

Supply Chain Shaman

The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. Designed to make the traditional supply chain more efficient, today’s IT investments struggle to balance demand and supply, and drive profitability. In the digital transformation these traditional applications manage low-velocity transactional data. Orders do not represent market demand.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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Managing supply chains in a fragile environment

Supply Chain View from the Field

A friend working at a large third party logistics company noted how demand is very soft. Regulators are pressing financial services to drive audits of their key suppliers, and have lost their confidence in their ability to manage the intellectual property they have outsourced to third parties. The goal for executives in this environment may indeed be just to preserve revenue through assurance of supply, and managing complex cost reduction.

Artificial Intelligence (AI) in Supply Chain & Logistics Supply

ThroughPut

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 bottlenecks building-up in business processes early on. 2) Inventory and Demand Management. Bringing in the perfect balance here, is mastering the art of inventory management. Unlocking Fleet Management Efficiencies.

The Future of Modern Supply Chains is Speed through AI

ThroughPut

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 bottlenecks building-up in business processes early on. 2) Inventory and Demand Management. Bringing in the perfect balance here, is mastering the art of inventory management. Unlocking Fleet Management Efficiencies.

How Inventory Control Can Benefit from Artificial Intelligence

Unleashed

Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management. The technology consolidates, standardises and enriches data, providing the foundation for AI analytics to present data-driven recommendations that managers can either chose to accept, reject or revise.

Petrochemical supply chain in flux

EFT

. The supply chain for oil-derived products is in a state of upheaval, as demand for automotive and construction products nosedives but pharmaceuticals, food additives, derivative health products and disinfectants is soaring. This is throwing out established demand and dependable patters petrochemical plants could depend on and forced petrochemical companies to intensify demand management and reconfigure production to meet a new, rapidly changing and uncertain environment.

What is Demand Sensing?

Supply Chain Game Changer

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing. However, what is demand sensing? In its most basic sense, it’s about sensing demand based on variables in supply and demand, but that’s only half the concept.

7 types of manufacturing wastes and how to reduce them

Unleashed

Inventory becomes excessive when you hold stock for “just in case” situations, such as to meet unexpected demand or protect from production delays. A straightforward way to reduce waste of inventory is to use inventory management software.

Supply Chain Management:The Real Headline for the 2011 Holiday.

Infosys Supply Chain Management

Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management. Supply Chain Management.

Supply Chain Management:Adding intelligence in the Forecasting.

Infosys Supply Chain Management

Management Consulting. Application Management. Infrastructure Management. Sourcing & Procurement. Sourcing & Procurement. Talent Management. BigDataEdge – Insights Management. ProcureEdge – Sourcing & Procurement. SmartGridEdge – Smart Grid Management. TalentEdge – Talent Management. TradeEdge – Demand Chain Management. Wealth Management. Supply Chain Management.