Supply Chain Shaman

DECEMBER 7, 2023

Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. No technology in the market measures inventory health. My conclusion?

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction 52

6 River Systems

NOVEMBER 1, 2022

Efficient, streamlined logistics operations play a critical role in meeting consumer demand, increasing customer satisfaction and ultimately, reducing operational costs. In today’s competitive retail sector, optimizing logistics processes enables retailers to gain an advantage. Retailers must adapt to changing conditions.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Resource Reduction Optimal Sourcing 52

Unleashed

JUNE 7, 2023

Inventory optimisation is the process that enables efficient inventory management. It allows businesses to sustainably control stock and sell products despite shifts in customer demand or unexpected supply issues. In this inventory optimisation guide: What is inventory optimisation?

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Logistics Viewpoints

JANUARY 11, 2023

Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Can Improving Forecast Accuracy Address Our Demand Planning Woes? So what can we do to make models more useful?

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 216

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Logility

MAY 26, 2022

Demand constraints create financial risks as well as environmental problems. • 25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. The resulting fluctuation in demand is amplified for vendors upstream in the supply chain in a phenomenon called the bullwhip effect.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Logistics Viewpoints

AUGUST 22, 2022

billion in inventory “that if we could just wave a magic wand, we’d make it go away today,” said chief financial officer (CFO) John David Rainey. Walmart estimates that inventory is still 15% above optimal levels. We’ve also cancelled billions of dollars in orders to help align inventory levels with expected demand.”.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 191

Intelligent Audit

JULY 27, 2021

Supply and demand are two sides of the same coin, the vital coin of inventory management supply chain analytics. Without adequate inventory and supply to go along with capacity and demand, supply chain management will struggle to keep pace during peak seasons.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction Strategies Sourcing Strategies 52

Herlitz Inventory Management

JANUARY 18, 2023

Demand forecasting is a vital activity for wholesale and retail purchasing teams. It helps ensure they will have adequate inventory available to meet future demand and avoid stockouts. Demand forecasting is a process that helps retailers and wholesalers predict future consumer demand.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

BlueYonder

MARCH 26, 2020

As the impacts of the COVID-19 continue to evolve, consumers are faced with unprecedented disruptions to these basics while retailers are scrambling to understand impacts on their supply chain. The one constant, though, in all the chaos: retailers remain focused on servicing customers and keeping their employees working.

Retail 73

Retail Supply Chain Planning Software Price Reduction Supply and Demand 73

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

ToolsGroup

NOVEMBER 23, 2021

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. Use analytics to put your available inventory to the best use. Shipping providers also slashed capacities.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

Supply Chain Shaman

JANUARY 2, 2023

The question was, “How can I redefine demand planning processes to use channel data?” The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. 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

Logistics Viewpoints

JUNE 20, 2022

The digital platform VF is transitioning to run their supply chain is SAP’s S4 HANA as the transactional backbone; Blue Yonder is being implemented for assortment planning, allocation, and retail planning; and they are implementing a solution from o9 Solutions for end-to-end supply chain planning.

Agile and Lean Supply Chain 211

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 211

o9 Solutions

AUGUST 12, 2021

In the meantime, customer preferences and shopping behavior keep changing, impacting the entire retail supply chain industry. A digital transformation of supply chain processes is key in maintaining margins and service amidst these changes so that retailers can quickly analyze, optimize, and evaluate complex decisions before taking action.

Modeling 52

Modeling Price Reduction Inventory Reduction Resource Reduction 52

Logistics Viewpoints

AUGUST 19, 2022

The USPS announced this week that it is raising rates for commercial and retail parcels from early October through late January. Retail customers will see increases ranging from 30 cents to more than $6, depending on the weight of the package and the distance it must travel. Clearing the inventory will still take a couple of quarters.

Logistics Network Optimization Software 199

Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies 199

ToolsGroup

JULY 12, 2016

Planning is becoming increasingly complex; not only due to the increasing demand and supply chain complexity, but also due to the wide range of new data sources such as channel data, retail data and even web data - nearly all of which wasn’t available years ago. At Kronans Apotek, 310 pharmacies were managing inventory locally.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Software Gartner Supply Chain Planning 240

crisp

SEPTEMBER 27, 2022

From demand planning to execution, Crisp’s CPG experts offer everything brands need to know for a successful holiday season (and the common mistakes to avoid). They’re also a chaotic time, with inevitable challenges from inventory availability to tighter margins. Create a demand plan.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Scenario Planning Supply and Demand 52

BlueYonder

DECEMBER 1, 2022

The holiday shopping season started early this year as many retailers kicked off their annual promotions well before Black Friday weekend. 6-8, among many others, in an effort to sell off their excess inventory. Inflation, and how it will impact consumer spending, is atop retailers’ list of concerns this year.

Survey 63

Survey Purchasing Skills Supply and Demand Price Reduction 63

Veridian Solutions

JANUARY 8, 2020

The use of an order management system can dramatically improve product cycle times, reduce errors in order fulfillment , and lend itself to better inventory management strategies. What’s Keeping Retailers in the Dark Ages and Away From Advanced Systems? Ways an Order Management System Helps Retailers Succeed. Payment processing.

Supply Chain Planning Software 53

Supply Chain Planning Software Inventory Management Software Analytics Software Demand Planning Software 53

Logistics Viewpoints

JUNE 26, 2023

The goal of an SCP implementation was to effectively balance demand and supply. Here, Mars Wrigley leveraged using Kinaxis for both demand and supply planning. Kinaxis is a proponent of using network planners for both supply and demand planning rather than having the planners operate in silos.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Supply Chain Shaman

APRIL 27, 2014

I was involved in early Vendor Managed Inventory (VMI) pilots. In my work at Clorox we were starting to ship to Walmart using Retail Link. In the pilot, we were able to see retailer flows. Companies are shipping fewer and fewer cases using VMI processes. It was 1988. We were excited. The promises were thick.

Supply and Demand 286

Supply and Demand Vendor Strategies Supply Chain Design Software Supply Chain Planning Software 286

Unleashed

APRIL 9, 2024

However, OTIF measures the delivery performance of complete orders shipped on time, whereas OTD focuses solely on the timeliness of deliveries, regardless of order completeness. This can happen when you prioritise shipping dates over order completeness or speed over accuracy. For example, let’s say you report an OTIF rate of 95%.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Logistics Viewpoints

SEPTEMBER 20, 2022

As a result, a wide range of businesses, from restaurants, and retail chains, to manufacturers, have been redesigning their business services and operations and re-engineering their supply chains. Emerging Themes for Supply Chain Planning. They can adjust quantities and generate supplier replenishment orders in PDF or Excel as needed.

Supply Chain Planning Software 194

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

ToolsGroup

FEBRUARY 19, 2020

Extending supply chain visibility by looking for patterns in point-of-sale (PoS), promotion, social media, NPI, weather, IoT, internet search and economic data to make near-term improvements to your forecast and inventory placement. Make better use of existing inventory in the short-term.

Supply and Demand 218

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 218

Logistics Viewpoints

FEBRUARY 8, 2021

End users – supply chain practitioners working for manufacturers, distributors, or retailers – can attend for free. Ecommerce and omnichannel was already growing more than twice as fast as traditional retail. Machine learning has been used to improve demand forecasting since the early 2000s. So, what are the mega trends?

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Software Modeling Supply Chain Planning 288

Kinaxis

AUGUST 18, 2014

how they ever already impacted retail and brand marketing. I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Then, they check online for deals and shipping dates.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

Kinaxis

SEPTEMBER 13, 2017

There is a move from the traditional shopping method of going to the store, whose inventory is based on customers buying pre-packaged items on shelves. The demand was set by either advertising, seasonal cycles or spikes due to new “hot items”. It also signals a change in retail as a whole. Real-time inventory is a necessity.

Supply Chain Planning Software 239

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 239

Logistics Viewpoints

NOVEMBER 29, 2023

That means that the holiday shipping season is in full swing too. The National Retail Federation (NRF) has issued its annual forecast, anticipating that retail sales will grow between 4 percent and 6 percent in 2023, meaning sales will reach between $5.13 trillion and $5.23 trillion this year. trillion to $1.43

Optimal Sourcing 249

Optimal Sourcing Optimization Software Forecasting Software Demand Planning Software 249

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Types of Seasonal Demand.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Unleashed

JUNE 14, 2022

Ensuring adequate, organised storage for your inventory , so it can be easily accessed for quick picking and packing. Arrangements for shipping after an order is made. With an estimated 25% of eCommerce orders returned to the retailer, this is the crucial final step of order fulfilment. A simple yet structured returns process.

Inventory Reduction 98

Inventory Reduction Material Savings Resource Reduction Cost Reduction Strategies 98

SCMDOJO

AUGUST 16, 2023

In this context, Walmart, the world’s largest retailer, has demonstrated a highly successful and integrated Walmart supply chain, propelling its growth and dominance in the retail industry. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Enterra Insights

JANUARY 14, 2022

When retailers join in — which is most of the time — dance steps become even more complex. Most business consultants today urge CPG manufacturers and retailers to become consumer-centric and demand-driven. What this means for manufacturers and retailers is that they must continue to focus on mastering omnichannel operations.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. Let’s check out the most common use cases.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

Unleashed

NOVEMBER 14, 2018

Businesses face several challenges throughout the order fulfilment process, from demand planning and inventory control to logistics and supply chain optimisation. Demand planning. Read more about demand forecasting. Inventory control. Multichannel. There are many stages in an order fulfilment system.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply and Demand Inventory Reduction Forecasting Software 53

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. Shortages, extreme demand, and panic buying are causing issues up and down supply chains. Suppliers are also seeing issues with shipping companies being overwhelmed.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98