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Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demandplanning and supplychain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. They do not excel in planning or forecasting.
Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supplyplanning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
She wrote, “I have been working in the supplychain for 35 years, and we are still trying to solve the “demand” issue. Solving from a supply side seems to work for many companies I work with. I know that your primary focus is procurement. Or planned orders to purchase orders?)
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychainplanning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supplyplanning, and inventory optimization.
Today, in supplychainplanning, this could not be further from reality. In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Supplychain was defined in 1982 as interoperability between source, make and deliver. The reason?
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
When you’re perusing luxury handbags online, or testing which cocktail dress suits you the best, you probably don’t pause to consider all the supplychain complexities and analytics required to ensure the fashion items you’re craving are in-stock. shorter product life cycles, and often protracted supply lead times.
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supplychain resilience. Background The Council of SupplyChain Resilience met for the first time this month. What is supplychain resilience? The reason?
by Alexa Cheater Outplay your competition with a smarter, stronger demandplanning strategy. Customer demands are changing. So why isn’t your demandplanning strategy? It’s time to level up your demandplanning and experience revolutionary breakthroughs in supplychain performance, planning and profitability.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Michael Balint at Solvoyo and looks at the fresh produce supplychain. To read the article, click HERE.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychainplanning became the most important initiative. . Accurate and timely reconciliation of purchase orders with receipts.
Good forecasting leads to good demandplanning —and good demandplanning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demandplanning software. Here are our answers to some of the most common questions about demandplanning software.
Understanding how your Procurement and SupplyChain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Is inventory bloating your costs? Why You Need Visibility of SupplyChain and Procurement KPIs? Check out SCMDOJO’s SupplyChain KPIs Dashboard!
Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supplychain. Current SupplyChains don’t operate at the cadence of business. Integrating Blockchain within the SupplyChain could change that. Download white paper.
That’s why staying on top of the latest supplychainplanning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychainplanning.
As businesses become increasingly global, professionals in the supplychain field must keep up with new technologies, trends, and best practices. Summary Table edX SupplyChain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supplychain management.
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChainPlanning.
Nine out of ten supplychains are stuck. The secret to unsticking the supplychain is to redesign processes to be outside-in. The supplychain processes need to be designed from the market back. Step Up and Learn the Language of Demand. In companies, there is no standard model for demand processes.
In 2004, I worked with a Midwest North American meatpacker to help define its supplychain strategy. 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. What do I mean? To illustrate, let me share a story.
With the advent of the digital era, supplychain has transformed dramatically. To increase flexibility, responsiveness, and competitiveness in the long run, the investment in supplychain digitalization will increase by 10%-15% over the next few years. If trends hold, we will achieve touchless supplychains very soon.
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. The 2021 supplychain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.
The basic frame of supplychainplanning–functional taxonomies for optimization on a relational database–must be redesigned before supplychain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). ” I don’t think so.
When making discretionary purchases, I could look at my projection to make sure that if I made that purchase, I would have enough money in the bank, not only now, but at the end of the month when my mortgage and car loan came out. Today’s supplychain professionals need a crystal ball, too. What-if planning.
Integrated Planning: Tight Coupling of Enterprise Resource Planning (ERP) to SupplyChainPlanning (SCP). When companies tell me that they need to exchange their current SupplyChainPlanning (SCP) from a best-of-breed provider to get a leg-up, I ask, “Why?” Was it intentional? Or accidental?
Goodman titled “ The SupplyChain, Reconfigured.” ” His narrative centers on the evolution of the global supplychain evolving with a focus on labor arbitration ignoring geographic distance and shipping issues. Traditional supplychain practices are no longer best practices. Let me explain.
Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Rapid adaptation to change and supplychain disruption.
There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. This blog will review how category managers and supply planners can use cluster analysis to make smarter decisions and grow sales. The retail industry is rich with data.
The supplychain team was attempting to explain their demand-driven project. I had worked hard to teach the team presenting to talk the language of demand , but it was not understood at the board-room level. Figure 1: SupplyChain Risk Factors. 2) Invest in New Forms of Analytics. It is MUDA.
In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supplychain operations. Rising costs, geopolitical tensions, and tariffs demand a strategic and holistic approach to maintain profitability and competitive advantage.
What Contractors Need to Streamline Procurement in 2025 By Ian Summers (pictured) Content Writer 111 Views You’re on-site before dawn, the framing crew’s ready, but the steel shipment’s stuck in limbo, the invoice isn’t approved, and your project management app just pinged you for the fourth time.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
When it comes to implementing supplychainplanning and operations solutions, success relies heavily upon an organization’s ability to identify and document its desired value measures and outcomes, and to align those with its solutions provider. 1 Co-develop a business case with vendors. 3 Align on goals and KPIs.
As a supplychain leader, he is struggling how to dance in the ring of fire. The ring of fire is corporate politics at the executive level on supplychain performance. Each executive has a different perspective on the definition of supplychain excellence, but they are never discussed and aligned.
With approximately 95% of American households relying on products like recyclable aluminum foil, self-sealing wax, freezer paper, disposable bakeware, trash liners, and more, this organization strives for continuous improvement in their supplychain. But what are they really chasing?
CAGR , the global supplychain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supplychain management tools to boost efficiency and value in their distribution and logistics network. The real challenge?
Businesses often use it in retail and purchasing. Category management isn’t just another procurement trend. It’s a way for companies to group similar goods or services (like IT infrastructure, facilities, or raw materials) and manage them holistically instead of handling every purchase in isolation.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supplychainplanning software. Let’s face a hard fact: the supplychainplanning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.
If you’re in the business world, you’re probably always looking for ways to streamline your supplychain operations. Luckily, supplychainanalytics is here to help! But like any new technology, there are hurdles to overcome when implementing supplychainanalytics.
If you’ve been in supplychain for any length time, you might be wondering what caused demand forecasting to develop so many different ‘personalities’ over the years. Demand forecasting, planning, sensing, shaping…what’s going on? More and better data has turned demandanalytics into mainstream reality.
by Joe Cannata What rapid adoption of virtual assistants means for CPG supplychains. This fundamental shift in the shopping paradigm is posing unique challenges for supplychains. Already, supplychains have had to adapt to online shopping, and crazy fulfillment demands.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. McKinsey research shows that 73% of companies are now pursuing dual-sourcing , and 60% are regionalizing their supplychains.
The global food and beverage supplychain has been stressed to the breaking point by the COVID-19 Pandemic. Plant shutdowns due to outbreaks of COVID-19 and widespread shortages of imported food products have further aggravated an already stressed out F&B supplychain. The F&B Silver Lining.
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