Mon.Aug 03, 2020

Five Inventory Optimization Secrets for Aftermarket Parts


It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Probability forecasting offers a more accurate way of predicting customer behavior and staying prepared, especially for items with long-tail demand. Read on for our five inventory optimization secrets for aftermarket parts.

What does ‘on-time, in-full’ (OTIF) mean in the consumer sector?


McKinsey & Co., and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. Supply chain complexity is increasing as customers demand a wider selection of products, a broader choice of channels, and more promotional offers.

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Leveraging Scenario Planning for S&OP Decision Support


Sales and Operations Planning has become the preferred method to facilitate clear and formal communication between the demand and supply sides of a business. However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).

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5 Reasons to Diversify Your Carrier Network Now


[link] Every supply-chain on the planet is clamoring for the best way to future-proof operations against possible disruption. The COVID-19 crisis emphasizes the dramatic problems created with single sourcing strategies. Unfortunately, the strategies are simply so ingrained in the supply chain that many organizations have still yet to diversify their networks. Regardless, now is More.

Facebook Causes Continue to Show Little Promise as Fundraising Tools

Supply Chain Lessons Learned during the Pandemic

Enterra Insights

Prior to the novel coronavirus pandemic, supply chain professionals labored in near-anonymity. When the outbreak hit the world like a wrecking ball, supply chain operations became front page news. Professionals who once labored in obscurity suddenly received a lot of attention. The pandemic taught supply chain professionals a lot about the resiliency of their supply chains.

More Trending

Can your business handle an eCommerce Christmas like no other?

In the Supply Chain

By Leigh Anderson (pictured). Managing Director at Bis Henderson Recruitment. The post Can your business handle an eCommerce Christmas like no other? appeared first on IT Supply Chain. Industry Talk

Ecommerce Venture Capital Trends: Which VCs & Seed Investors are Investing in Ecommerce?


What sounds like a lot of money? million. million. million. 181 million. million. million. The figures above are the total funding that Casper, Warby Parker, Glossier, Away, Dollar Shave Club, and Allbirds have respectively received from venture capitalists (VCs) for a combined total of $1.24 billion. Direct-to-consumer (DTC) brands have been disrupting their traditional incumbent counterparts for some time now.

Supply Chain Model Accuracy is the Key to Digitalization


According to a recent article by Gartner: “priority should be given to evolving the digital supply chain twin — can’t do anything E2E without this foundational capability.” Furthermore, they say that: “Before you can do the prediction and prescription (which together equals decision making) … you need to create a model of the supply chain upon which you can predict and prescribe.”. This implies that the foundation for visibility and decision-making is digital twin.

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Volatile demand development as accelerator for the digital transformation of the supply chain

BluJay Solutions

COVID-19 lockdowns have put the international value chains to the test. Manage IT covers BluJay’s overview on why companies have to assess medium and long-term changes in demand and at the same time prepare for a possible flare-up of the pandemic in countries that are currently less severely affected. The post Volatile demand development as accelerator for the digital transformation of the supply chain appeared first on BluJay Solutions Ltd. In The News Manage IT

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

What Is Robotic Process Automation & How Does It Apply to the TMS?


Automation is the clear winner of supply chain success. Unfortunately, many companies are stuck in the days of antiquated processes, manual data review, and cumbersome back-office processes. When it comes to software, sharing information between systems is easy, but what happens next with that data can’t be overlooked. It can make or break your performance […]. The post What Is Robotic Process Automation & How Does It Apply to the TMS? appeared first on MercuryGate International.

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Event Review: Supply Chain Summit 2020

All Things Supply Chain

From 16th– 18th July, I had the privilege of taking part in the virtual Supply Chain Summit 2020 from the comfort of my own home. Industry professionals from all over… Events General ecommerce supply chain resilience supply chain visibility

COVID-19 accelerates four trends and changes within global supply chains


In a matter of days, an unexpected global disruption sent shock waves throughout countries, communities, governments, and businesses as the COVID-19 pandemic spread rapidly. Companies reacted swiftly to protect employee health and safety. Next, strategic quality control and business recovery efforts were put into action – but not without some unparalleled challenges along the way. Global supply chain management has always been at the forefront of the battle.

Retail Supply Chain Virtual Event to Address Consumerization Challenges

Blue Ridge

If you’re struggling with the consumerization of your retail supply chain, Retail Supply Chain Virtual USA is for you. With a killer lineup, talks will cover rebuilding your retail supply chain in a way that uses data and technology to get into consumers’ shoes. Particularly in the areas of inventory management and sustainability. Blogs and Articles retail

Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.

Bracing Your Supply Chain for Q4, COVID-19, and Keeping Up (Part 1)


4 industry experts sit down to discuss supply chain resilience and how to prepare for the Q4 peak that’s just around the corner. Watch the webinar

For Shippers, Dynamic Invoice Matching May Yield a 10% Boost in the Bottom Line

MP Objects Supply Chain Orchestration

The invoice matching process is typically associated with accuracy. A supply chain business partner performs a service, and the invoice they submit should correctly reflect what was delivered in that agreed upon service. While it sounds simple enough, times have changed. In today’s complex, global supply chain, operations don’t always go as planned.

Tips for Building Supply Chain Resilience

Supply Chain Digest

Building Resilience Can Pay for Itself, JLL Says in New Report

Case Study: Kat the Label


How one designer lingerie label turned things inside out. Inspired by the love of lace, design, style, and details, Kat the Label is a bespoke lingerie brand from Australia. Committed to ethical trade, it lives by the motto of: "We’ll compromise on a lot of things. but never our lingerie.”. Like many a small business, it relied heavily on brick-and-mortar sales. However, when Covid-19 arrived, the team at Kat the Label had to readjust its thinking–without going against its principles

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Chainalytics Recognized as a Top Supply Chain Services Provider in 2020


Chainalytics was nominated by its clients for outstanding service Atlanta, GA (August 3, 2020) — Chainalytics, a recognized global leader in supply chain consulting and analytics, has been named one of SupplyChainBrain’s 100 Great Supply Chain Partners for 2020. The prestigious annual list comprises a select group of companies whose customers have recognized them as … The post Chainalytics Recognized as a Top Supply Chain Services Provider in 2020 appeared first on Chainalytics.

3 ways to avoid cargo scams

DAT Solutions

The trucking industry is the engine that keeps the American economy moving. Unfortunately, that also makes transportation companies occasional targets for scammers that are looking to steal from a $700 billion industry. Luckily, there are measures that motor carriers, freight brokers and 3PLs can take to protect themselves. Best Practices and Benchmarks

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Celebrating our SupplyChainBrain power


SnapFulfil has again been selected in the annual Top 100 Great Suppy Chain Partners by leading industry title SupplyChainBrain.

Supply Chain Planning Maturity – How Do You Compare to Peers?

Today's supply chains are networked, global ecosystems. An event upstream in a different country or region can cause considerable disruption downstream. The COVID-19 pandemic is an extreme example of how this unfolds in practice. How prepared are supply chain teams to react and recover, from a planning maturity stance? Download this report to get exclusive insights on planning maturity!

Optimising e-commerce business for the new normal

Manufacturing & Logistics IT

The global COVID-19 pandemic has undoubtedly disrupted the retail sector significantly. With many stores forced to close their doors over lockdown, there has been a sudden and rapid rise in online shopping

How to calculate profit margins [with examples]


Gross profit margin , operating profit margin , and net profit margin are three key metrics strongly connected to gains in productivity. So it’s important to understand how to calculate these measures – or at least understand them when using business intelligence software. How to calculate the gross profit margin ratio. Gross profit margin shows how much profit the business has before deducting selling, general and administrative costs.

How StockTrim gives The Baron accurate & confident demand forecasting


The Baron is a premium snack business who supply deliciously moreish, healthier savoury alternatives to potato chips, including ethically-sourced East Bali Cashews and Crispy Corn Nibbles from Spain. They have grown substantially in the last five years and supply over 500 stores around New Zealand – including supermarkets, service stations, independent delis and cafes

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From Open Banking to Open Everything


The banking industry is undergoing a remarkable transformation. As technology continues to offer new and innovative ways to provide financial services , what it means to be a bank is changing every day. Open banking has emerged as a way … Digital Transformation Open Banking open everything

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.