Remove Eliminating Excel in Purchasing Remove Events Remove Inventory
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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers.

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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Even more impressive, lost sales due to stockouts can decrease by up to 65%, while inventory reductions of 20% to 50% are possible. Enhanced Promotions and Events Analysis Promotions, advertising campaigns, and trade events are vital components of marketing strategy, but accurately measuring their impact on demand remains challenging.

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Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. An average margin of 21% with inventory turns of 1.58 I admit it. Lora was as well.

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Step Past AI Hype Drive Real Value

Supply Chain Shaman

Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. We are in the middle of a hype cycle that in my mind looks like the image in Figure 1. The business network market is in need of innovation.)

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Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #6 Not effectively managing inventory. I lost track of how many carrots we had and ended up buying more when we really didn’t need any. Unfortunately, all the same kinds of things can happen to your supply chain inventory. and it didn’t leak.

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Supply Visibility: More Important Than Ever. Yet Elusive.

Supply Chain Shaman

The secondary problem is the lack of definition of process requirements and a buying team that cannot see past simple MRP/MRP II/DDMRP requirements. Each year, we ask attendees to rate the event based on a 1-5 score (with five being the best). This is our ninth year of the event and achieving an overall rating between 4.7-4.9

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Getting Down to Brass Tacks: Can We Really Collaborate?

Supply Chain Shaman

Consumers want to shop anywhere, and buy in the way that they want to buy. I usually sit in the back of the room, and watch the event with a wry smile on my face. Current State of Perpetual Inventory. Replenishment is fueled by an effective perpetual inventory signal. I am a disbeliever. Collaboration is evasive.