Supply Chain Shaman

JANUARY 2, 2023

(The planning team was defending the status quo without questioning current practices and how to improve them.) The question was, “How can I redefine demand planning processes to use channel data?” Starting to understand the issue with multi-tier demand planning? Granularity also differs.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

SYSPRO Smarter ERP

APRIL 24, 2023

This process involves multiple stages, including receiving the order, getting parts and materials, manufacturing or assembling the items, picking and packing in the warehouse, shipping, and tracking the shipment to ensure successful delivery. Sourcing and receiving — most companies use suppliers to provide parts or materials or a product.

Optimal Sourcing 105

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Modeling 105

Logistics Viewpoints

MARCH 29, 2021

They also have 20 sourcing locations across North America from which they can ship make to stock products. The sourcing centers are key to just-in-time, same-day, next-day deliveries. The sourcing centers shipped over 130,000,000 pounds of product last year. The company needs a very complete product line.

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

Supply Chain Shaman

DECEMBER 7, 2023

The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” I cannot get a clear answer. Yes, I think so.

Supply Chain Design Software 303

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

Supply Chain Shaman

NOVEMBER 15, 2023

Most supply chain models are “ship from” models based on orders. A Point of Sale forecasting system requires a “ship to” model based on the channel. The models are too different to drive a clear signal from sales activity to demand planning in the supply chain. In deployments, data issues abound.

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning 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 supply chain planning.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

Logistics Viewpoints

JUNE 26, 2023

Kinaxis is a proponent of using network planners for both supply and demand planning rather than having the planners operate in silos. Mars Wrigley was particularly interested in working with a SCP supplier that could integrate artificial intelligence (AI) to support demand sensing. Mars took that recommendation.

Supply Chain Planning Software 206

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 206

Adexa

MARCH 26, 2024

Certain AI techniques such as machine learning have been around for many years and are currently used in demand planning and far less in supply planning. In contrast to demand planning, supply planning is treated by most systems as deterministic.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Scenario Planning Optimal Sourcing 52

Logility

MARCH 29, 2022

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. As you know, demand for some items surged. This then led to … A shipping container shortage: Containers piled up across the world once they were emptied. Shipping costs have skyrocketed. There are labor shortages.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. These functions include procurement, production planning, inventory management, logistics, and customer service. Procurement Specialist/Buyer Source and acquire materials or products needed for production.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

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. Why is it happening?

Supply Chain Planning Software 240

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

Logility

MAY 26, 2022

. • Demand constraints create financial risks as well as environmental problems. • Effective, strategic demand planning is essential, and that requires implementation of the right supply chain platform with real-time data, reporting, and event automation. Don’t Constrain Yourself!

Demand Planning Software 173

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

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

Herlitz Inventory Management

JANUARY 18, 2023

Demand is very difficult to accurately predict without the proper tools. Most demand planning solutions offer standard functions, but the results they deliver vary widely. They can reliably predict future demand and ensure the right amount of inventory is available. What is popular today may not stay popular tomorrow.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Procurement Solutions 52

Demand Solutions

FEBRUARY 7, 2020

Many firms choose to source outside their home country in order to take advantage of lower labor costs. However, if your lead times are too long, it might be time to look for sources much closer to home! Most importantly, let your suppliers know how much you plan to sell and how quickly. Choose Suppliers Closer to You.

Price Reduction 124

Price Reduction Cost Reduction Strategies Optimal Sourcing Supply Chain Planning 124

Logility

AUGUST 4, 2022

Your ship’s come in! Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. That’s a good thing, right? The pendulum has swung back, and it’s easy to understand the thought process in hindsight.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Kinaxis

FEBRUARY 13, 2018

When I was planning supply, it wasn’t unusual to have a dinner interrupted, a weekend cut short or a vacation disturbed. It wasn’t a surprise when a supplier shipped late, a machine was suddenly overloaded or a demand planner informed you that you were working off the wrong demand plan.

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 146

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

MAY 3, 2021

S&OP integrates plans for every department , combining the needs and opportunities facing customer support, sales, marketing, development, manufacturing, sourcing, and financial into one tactical strategy. S&OP Defined. S&OE Bridges the Gap. This keeps operational costs optimized.

Inventory Reduction 246

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 246

SYSPRO Smarter ERP

FEBRUARY 2, 2022

As a result, when ordering a component, it may have to be shipped from one end to the other. Here are ways AI inventory management can offer massive support to manufacturers: Demand management. Using AI in demand planning allows an organization to optimize product availability by decreasing stock-outs and spoilage.

Manufacturing Procurement 105

Manufacturing Procurement Inventory Management Software Inventory Management Inventory Reduction 105

QAD

JANUARY 19, 2023

Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. E-commerce brands must oversee design, manufacturing, sourcing, warehouse inventory, shipping and delivery. Sourcing – Collaboration starts by selecting suppliers to produce items or services.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 95

BlueYonder

DECEMBER 1, 2022

To meet that expectation and provide accurate promises without driving up costs, Blue Yonder’s Commerce and Order Management (OMS) solutions can help deliver responsive real-time inventory visibility, along with profitable and capacity aware order sourcing and orchestration. The result is a drag on bottom lines.

Survey 63

Survey Purchasing Skills Supply and Demand Price Reduction 63

Elementum

JULY 6, 2022

How Supply Chains Are Supposed to Work In “less extraordinary times,” a high-functioning supply chain team will operate like this: Demand planners make a forecast based on recent buying trends, seasonality, and any new products or promotions that are being introduced. At least at first: because it ’ s possible to make up lost time.

Supply and Demand 78

Supply and Demand Supply Chain Planning Software Supply Chain Planning Supply Chain Software 78

Supply Chain Shaman

NOVEMBER 10, 2013

The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking. Demand planning processes lack standardization and self-reported data is suspect. Get serious about demand modeling. Focus Outside-in.

Supply and Demand 228

Supply and Demand Forecasting Forecasting Software Modeling Software 228

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

Elementum

MAY 19, 2022

The 50’s saw the development of “containerization” which enabled intermodal (ship, rail, air, truck) transport. Through the 70’s and 80’s, computers brought the next major advances, with sophistication and speed for tracking, routing, and higher-order functions like analytics and planning. However, with more global challenges (e.g.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 78

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Purchasing Skills 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

Supply Chain Shaman

JUNE 2, 2020

Supply chain management as a discipline—a set of flows combining the processes of source, make and deliver together to drive value– is relatively new. What was the cost of sales for the products shipped? How does this compare to the S&OP plan? Plan for disruption. Navigating the World of Gray. Drive Insights.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Design 254

Vanguard Software

MARCH 26, 2021

Besides raw material costs, logistics can account for anything between 5% and 50% of the total product cost , depending on where products are sourced, their value, and the shipping methods. Demand Planning & Forecasting for Retail. Supply chain costs account for a significant percentage of the final product cost.

Optimal Sourcing 52

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 52

QAD

SEPTEMBER 30, 2022

Further, digital supply chains help form and maintain better relationships with suppliers which can help mitigate sources of disruption. In fact, they can handle materials and almost completely automate all warehouse processes, including receiving, shipping, packing and more. . Yet, robots can do more than just crunch numbers.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Planning 95

Kinaxis

AUGUST 18, 2014

But, we continue to see the trend as a sales and/or a demand planning issue; something where we need better visibility to real time demand or a finer cut of demand signals. Then, they check online for deals and shipping dates. They want to assure the sourcing meets their “sustainable” expectations.

Modeling 263

Modeling Supply Chain Planning Software Supply Chain Strategy Inventory Reduction 263

ToolsGroup

MAY 19, 2021

Early sales data can be notoriously deceptive due to channel packing—you ship a bunch of new products to distribution centers or stores to fill bins and shelves, creating an initial surge that is not necessarily a good indicator of sustainable end-user demand.

Forecasting 156

Forecasting Forecasting Software Supply and Demand Supply Chain Planning Software 156

CH Robinson Transportfolio

FEBRUARY 4, 2020

Below are important considerations that will help keep your supply chain moving and better navigate any shipping challenges associated with the latest travel restrictions and schedule shifts. Look ahead to determine if the demand for your product may change in the next few weeks and if you have a need for expedited shipping.

Inventory Reduction 50

Inventory Reduction Vendor Strategies Supply and Demand China 50

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 193

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 193

Proxima

AUGUST 21, 2020

With strategic efforts and complex recovery at a peak in the wake of the pandemic, organizations must explore the potential of releasing valuable resources from labor-intensive demand planning procedures to automated and digitalized systems. Organizations should also avoid putting all their eggs in one basket.

Supply and Demand 98

Supply and Demand Modeling Demand Planning Software Sourcing Strategies 98

ToolsGroup

FEBRUARY 7, 2022

Data source: eMarketer. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories. Trust Google to have the answer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

DynaSys

APRIL 28, 2021

Making your process demand driven? As far as I know, some advanced practices show that it is possible to get rid of those inaccurate forecasts that sales or demand planning teams were used to do. In that case, Demand-driven MRP is the best example. What are the sourcing alternatives? It’s a given!

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing S&OP 52