This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” I know that your primary focus is procurement. Over the last two years, I actively engaged technologists and business leaders to redefine demandplanning.
Advanced supply chain planning software leverages these probability distributions to optimize inventory targets, balancing service levels against carrying costs with mathematical precision. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?
The Failure of Existing DemandPlanning Solutions. During the pandemic, supply chain leaders turned off their demandplanning solutions. Re-implement demandplanning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Lessons Learned. The reason?
The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. The students learn that there is no definition of end-to-end planning because the current taxonomies for modeling are fragmented. Or gradually introduce outside-in signals to conventional demandplanning.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. The goal should not be making today’s planning processes faster and hands-free.
At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. The genesis of the River of Demand learning activity. Over the last decade, I find fewer and fewer companies understand supply chain planning. The result? Background.
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Why You Need Visibility of Supply Chain and Procurement KPIs? Running procurement and supply chain without metrics is like driving blindfolded. Are materials arriving when needed?
Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. This learning platform covers every angle of supply chain management, from demandplanning and inventory management to supplier relationship management, procurement, and logistics.
In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain.
Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Like Linus clinging to his blanket, supply chain teams make most of their decisions on Excel spreadsheets. Or a unified data model across source, make, and deliver for planning?
similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. The research supports that we have not improved supply chain visibility, and we are going backwards in delivering results through supply chain planning.” ” Does the Dog Hunt?
The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? When he speaks of the supply chain, he means procurement. This is his world.
This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demandplanning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.
Many of the managers I speak with are buying into the application of artificial intelligence in the workplace, but often struggle to identify specific processes that are best suited for AI.I Many managers rely on trusted Excel spreadsheets, and this type of digital transformation will require significant training.In
They have tens of thousands of items they produce but there are a small number of products they purchase through a global sourcing program. In short, strengthening service excellence and product breadth without being burdened with high inventory levels was a key pillar of the transformation.
For Greater Product Performance Visibility and Improved Sales & DemandPlanning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success.
But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler. They play a big role in making sure the whole process of buying things goes smoothly from start to finish.
However, if the focus is on implementing technology quickly, the teams never refine the models to improve outcomes and build planning capabilities. The third issue is the lack of understanding that global processes–to maximize the economies of scale in transportation and material buying–need strong governance.
Let’s face it our historic practices for demandplanning create waste in a more variable world. The second issue is that process companies are manufacturing centric while discrete organizations are supply centric (procurement). (A This is not possible in 80% of the current Advanced Planning System (APS) approaches.
Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Accurate planning not only reduces stock and improves service levels; it also reduces costs by avoiding expediting and minimising write downs.
Driving an excellent supply chain depends on how people are recruited and managed, processes, and the technology used. Procurement is critical to being able to stay in stock with the most important products. He believes this company tends to recommend integrated solutions offered by the big enterprise resource planning companies.
Powered by o9 Solutions, the initiative aims to modernize planning and execution capabilities across the enterprise. It established a command center in Ireland, staffed by internal experts, which later evolved into a permanent Center of Excellence. She explained that earning employee buy-in is as critical as securing executive support.
By infusing intelligence into every supply chain touchpoint—from sourcing to shelf—AI is driving operational excellence, customer satisfaction, and exponential growth. Cognitive Inventory Planning: AI continuously aligns procurement strategies with shifts in customer demand, promotional calendars, and macroeconomic conditions.
In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. By Helen Armstrong. It’s a one-stop shop.”.
Most companies understand that accurate forecasts are a critical part of minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.
Logility – Best for inventory optimization and demandplanning The Logility platform is a cloud-based fully-integrated suite offering end-to-end supply chain integration. By seamlessly connecting your supply chain, Oracle SCM enables you to build a resilient, agile network that stays ahead of disruption and supports long-term growth.
Cycle stock is the most effectively managed through the successful implementation of production planning. Cycle stock is the management of stock required to cycle through production runs and procurementbuys effectively. This planning technology is tricky to implement and many of the technologies are not up to the task.
In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.
Our panel delved into the critical theme of “Bridging the gap between network planning and operational execution in production and service parts logistics.” Short-term visibility at the Purchase Order/ASN level is insufficient.
While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?
Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our DemandPlanning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.
Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demandplanning. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. PO Placement ?
” Dan Capraun, Senior Manager of Strategy and Planning. For his own use, Dan loves Crisp’s Outbound Connector for Excel , which automatically refreshes the latest retail insights directly into his frequently used Excel files. ” Dan Capraun, Senior Manager of Strategy and Planning.
With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like DemandPlanning. What’s the monetary value of advanced certifications and degrees?
I can count the number of companies that are good at supply chain planning on one hand. I find most companies are good at pockets of planning–demandplanning, supply planning, transportation planning, material planning or plant scheduling, but the flows are not connected.
Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market. Fallacy 5: Companies who have functional excellence will always win. Check out Supply Chain 4.0!
Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. TradeEdge – Demand Chain Management. The state of product demandplanning and inventory management among retailers becoming more advanced. Business Process Outsourcing. Customer Service.
However, there are quite a few ways to improve demand forecast accuracy. Here are seven ways to improve demand forecast accuracy for increased operational efficiency and profit. Breaking up with Excel: Digital Sales Planning Success with Concord Foods. Webinar: Register Now. Question and Communicate Assumptions.
Bristlecone has introduced several new fixed-price, fixed-scope offerings for SAP products across supply chain planning, procurement and execution. Demandplanning analysis for top personal care products company. Procurement Center of Excellence creation for discrete manufacturer. North America.
How much should you produce or purchase at a time? Demand fluctuations and narrow profit margins further complicate matters. Why is Technology-led DemandPlanning and Forecasting So Important for the F&B Industry? This question plagues decision-makers in the Food & Beverages (F&B) industry.
It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfilment and production planning.
Grandvision has grand plans. the world’s largest network of optical retail stores is far along the path from historically being supplier-led to having a strong demand driven supply chain. there are three options: to set to work with excel, to develop one’s own solution or to purchase an off-the-shelf tool.
Planning tips to unify supply chains. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Logistics personnel and supplier management pointers.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content