Precoro

NOVEMBER 7, 2022

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.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. Was it that Kraft was not clear in its definition of supply chain excellence (which was true) or not clear on how to best use the system (which was also true)? What defines supply chain excellence? Are they aligned?

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

ThroughPut

JULY 6, 2021

Thriving In ‘The New Normal’ With 5 Demand Planning & Forecasting Methods. Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves?

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Supply Chain Shaman

JUNE 28, 2021

The group needed a clear market signal on consumption patterns and the translation of demand with minimal latency to optimize price, mix, and schedule the factory to manage margin. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

Supply Chain Planning Software 231

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 231

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Logistics Viewpoints

SEPTEMBER 20, 2022

We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Effective inventory planning is essential to ensure you have the right inventory quantities to keep your operations running smoothly.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The planning team was defending the status quo without questioning current practices and how to improve them.) Starting to understand the issue with multi-tier demand planning?

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Vanguard Software

MAY 4, 2021

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.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 1, 2023

How flexible are our supply and demand plans to ensure extreme market conditions don’t impact the existing productivity? And enabling you to get to these answers in a more efficient and faster way are the AI-driven data and analytics capabilities rooted in strong demand management principles.

Supply and Demand 52

Supply and Demand Demand Management Modeling Demand Planning Software 52

ThroughPut

OCTOBER 7, 2022

Step Up Demand Planning Efforts with a Robust Forecasting Model . After all, most of these business functions were created for a very different era where any change was predicted earlier and absorbed easily. A definite “no-no” for demand planners. Understanding and predicting demand in unpredictable times.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. RPA is an excellent tool for automating laborious processes currently executed manually.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Demand forecasting is a cornerstone in the modern supply chain, enabling businesses to align their operations with market dynamics and customer needs.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Arkieva

MARCH 16, 2017

I was excited to visit Disney, but I only have two clear memories: the Mickey ears I purchased and my brother’s trying to order the most expensive item on the menu every time we ate out. An excellent example of this is Disney. But the truth is; we can enjoy Walt’s visions today because of supply chain excellence.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 60

Supply Chain Shaman

APRIL 15, 2015

So, why would companies implement solutions that cost more, were longer to deploy, and had lower user satisfaction? Here are my thoughts: 1) Failure of the Industry Analyst Model. Buying these solutions is far more complicated than is represented in a simple four-box quadrant. It is complex. There are many parameters.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 150

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

ThroughPut

MAY 13, 2022

Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting. Demand forecasting by itself refers to the process of estimating the future demand for a product or service. This demand forecast in turn forms the basis for the overall demand plan.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Logility

MARCH 30, 2020

However, more than 40 percent of supply chain leaders say that their available data is difficult to analyze because it is split between multiple reporting tools and systems, or simply because it is bad data. Demand variability will increase as order patterns change.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Disruption 130

Supply Chain Insights

JUNE 12, 2017

Supply Chain Insights has just started a six month Putting Together the Pieces study on demand planning solutions. This report series provides guidance to supply chain leaders in their technology selections. On-premise means that the software you have purchased will be implemented using your computers and servers on site.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software Optimization Software 125

ThroughPut

MAY 13, 2022

Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting. Demand forecasting by itself refers to the process of estimating the future demand for a product or service. This demand forecast in turn forms the basis for the overall demand plan.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ShipBob

DECEMBER 20, 2021

Think about your most recent purchase. This sequence of events involves many moving parts, including purchasing, packaging, shipping, and transporting materials to distributors to sell to the end customer. Demand planning. Brands can connect products, sales channels, warehouses, workflows, reports, and more.

Logistics Network Optimization Software 97

Logistics Network Optimization Software Forecasting Software Supply Chain Planning Software Supply Chain Design Software 97

Supply Chain Game Changer

OCTOBER 28, 2020

With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? 82% of the respondents reported a salary increase over the previous year. Only 8% over respondents had increases less than 2%, and only 2% of candidates reported a salary decrease.

Supply Chain Planning 98

Supply Chain Planning Supply Chain Strategy Purchasing Skills Supply Chain 98

Logility

AUGUST 23, 2016

Most likely the company will still need to forecast raw materials, purchased components, and/or sub-assemblies to be able to meet customer demand. Another significant challenge is in finding and retaining demand planning expertise. Dynamic Models. Supply Chain Talent. Spreadsheet Sabotage.

Forecasting 100

Forecasting Forecasting Software Supply and Demand Inventory Reduction 100

6 River Systems

AUGUST 19, 2020

Leverage big bata, analytics and optimization Supply chains were driven by numbers and statistics for a long time. Quantifiable performance indicators were always considered key metrics by supply chain executives. One of the most important facets of supply chain management is demand planning.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Analytics Software Sustainability 59

Supply Chain Shaman

SEPTEMBER 3, 2015

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 procurement buys effectively. This planning technology is tricky to implement and many of the technologies are not up to the task.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

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. Many companies implemented demand management processes as a technology project. Everyone has a bias.

Supply and Demand 156

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 156

Supply Chain Shaman

JANUARY 27, 2015

Last week, I interviewed Robert Byrne, founder of Terra Technology on his demand planning benchmarking study. This is his fifth year of studying demand processes. Most are not… The tail is growing and as a result, there are hidden costs in the business due to complexity. Figure 1: Calculating the Long Tail.

Supply and Demand 150

Supply and Demand Supply Chain Planning Software Forecasting Supply Chain Software 150

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. The inherent buying patterns of consumers are also changing.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

QAD

MARCH 27, 2024

Having a good Supply Chain Management (SCM) process is crucial for offering excellent customer service. So far, we’ve seen how data is an integral part of the demand planning cycle. However, completing this task becomes complex when multiple systems store demand planning data.

Supply and Demand 52

Supply and Demand Supply Chain Planning Software Demand Planning Software Demand Planning 52

Supply Chain Insights

AUGUST 11, 2017

It is obvious that the level of domain expertise and knowledge has contributed to a new class of trade promotion execution; and I have sympathy for the manufacturers who will be making decisions about TPx solution purchases in the next few years. planning, optimization, settlement, analytics, etc.) Data Usage.

Vendor Strategies 110

Vendor Strategies Supply Chain Design Software Supply Chain Planning Software Analytics Software 110

GlobalTranz

MAY 13, 2015

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. “The net true cost considers issues such as waste-to-landfill, greenhouse gas emissions, economic mobility, worker safety and food safety. million employees without a focus on good supply chain management.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

IQMS

MARCH 27, 2020

Today, during the COVID-19 response, ERP is keeping entire industries in operation with its ability to sustain business operations through remote access, automated reporting, electronic data exchange, and real-time factory controls. Having an immediate view helps Mar-Bal excel at being responsive and helpful to its customers.

Manufacturing Procurement 64

Manufacturing Procurement Manufacturing Supply Chain Planning Software Demand Planning Software 64

Logility

DECEMBER 15, 2023

This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning. Staying competitive in this intense landscape demands finely tuned operations that are highly efficient and effective – from product concept to customer consumption.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Movement

APRIL 26, 2016

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.

Supply and Demand 60

Supply and Demand S&OP Supply Chain Planning Software Supply Chain Software 60

Supply Chain Opz

NOVEMBER 9, 2014

In an uncertain environment, affordability and predictability are at a premium, and a supply-chain organization can deliver these through effective management and oversight of its suppliers. This is important as it determines the supply chain footprint; which costs are fixed and variable; and how responsive it is to customers.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. How accurate and effective is your demand planning?

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Taulia

JULY 5, 2021

While the supplier maintains upstream lead times and visibility, the buyer’s main focus is the delivery of the material to its final destination for production, enabling the redeployment of resources into manufacturing, demand planning, sales, and other crucial areas. Suppliers also have their own balance sheet metrics to worry about.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52