ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

JUNE 23, 2020

I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. 06/2020 Kinaxis buys Rubikloud for 60M$. Most of the optimization focus in the traditional software solution focuses within a function of source, make or deliver. They did it. This is no longer true.

Supply Chain Design Software 299

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 299

Enterra Insights

MARCH 13, 2018

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Organizations are drowning in data but starving for information.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Analytics Software Predictive Analytics Procurement Analytics 100

Supply Chain Shaman

MARCH 12, 2019

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues.

Prescriptive Analytics Software 180

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 180

AIMMS

JUNE 23, 2016

When it comes to Supply Chain Analytics, an “Apps approach” can have just as many benefits. But what exactly is a Supply Chain Analytics app? Another example, this time in the oil industry, would be an oil blending app. Pre-packaged vs custom built supply chain analytics apps. Oil blending is not easy.

Prescriptive Analytics Software 156

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 156

AIMMS

JUNE 23, 2016

When it comes to Supply Chain Analytics, an “Apps approach” can have just as many benefits. But what exactly is a Supply Chain Analytics app? Another example, this time in the oil industry, would be an oil blending app. With “Samurai” solutions you get clear benchmarks, predictability, control and reliability.

Prescriptive Analytics Software 136

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 136

Talking Logistics

DECEMBER 11, 2014

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

Predictive Analytics Software 203

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 203

The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

He is very passionate about developments in the Supply Chain arena and is always seeking excellence in his drive for efficiency & innovation in Supply Chain operations” – a quality that is very relevant to face up to the many Supply Chain challenges in our path! My passion for Logistics and Supply Chain is founded from.

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

Supply Chain View from the Field

NOVEMBER 25, 2013

A John Deere team discussed how they attempted to build a predictive cost model. The team sought to predict cost per unit – using forecasted purchase orders, and trying to estimate average cost per unit based on weight, forecast quantity, finish, diameter, width, and angle.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Modeling Purchasing Skills 60

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. Instead, all of the disruptions to date had a predictable pattern: a devastating blow, a set of shock waves, and the re-establishment of a new normal. Here is an example.

Supply Chain Design Software 263

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Design 263

ThroughPut

MARCH 28, 2024

Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Food Retail In the food retail sector, AI has been helping reduce wastage as the tools can more accurately predict the demand for products. All for the good.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

ThroughPut

MARCH 25, 2024

Demand forecasting is the process of predicting future customer demand for a product or service. This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Alloy

FEBRUARY 4, 2024

Luckily, Kroger makes sharing data with its brands a top priority and offers in-depth web portals for analysts, account managers and inventory planners to access.Kroger has a complete analytics arm that is made up of multiple integrated portals. The purchase of Market6 was an effort by 84.51° to fill this gap, and in some ways it did.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. RPA is an excellent tool for automating laborious processes currently executed manually.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

Precoro

NOVEMBER 7, 2022

Continuing in the line of food establishment examples, let's consider a local family pizzeria that you visit after a long day at work. What different products or services does the staff need to purchase in order to produce pizza? Typically, direct purchases are made in large quantities to get a bulk discount.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

NC State SCRC

FEBRUARY 20, 2023

Over the decades, EDI standards emerged that cover a variety of supply chain artifacts and activities , from Purchase Orders & Acknowledgements (EDI 850 & 855) to Invoices (EDI 810) to Shipping Manifests (EDI 856). The PoV proposes that “ API and EDI integration” is “the future” and cites examples where APIs (e.g.

Analytics Software 52

Analytics Software Supply Chain Planning Software Modeling Software Data 52

Logility

MAY 25, 2023

Defining Inventory Control Inventory control, often interchangeably used with inventory management, is a systematic approach to sourcing, storing, and selling inventory—both raw materials and finished goods. It involves overseeing the entire inventory lifecycle—from purchasing and delivery to storage and dispatch.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

ThroughPut

MAY 13, 2022

But what if you could predict demand early enough to plan for, manage, and make the most of it, always? Therefore, demand forecasting is the process by which demand planners predict the demand for a given product in a week’s, month’s, or even a year’s time. Because the truth is that you can. Not just that, there are many ways to do it.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

But what if you could predict demand early enough to plan for, manage, and make the most of it, always? Therefore, demand forecasting is the process by which demand planners predict the demand for a given product in a week’s, month’s, or even a year’s time. Because the truth is that you can. Not just that, there are many ways to do it.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

JULY 6, 2021

Do you remember the time when the COVID-19 pandemic lockdowns were announced across the world, followed by the panic purchase of essentials to the point where supermarkets and grocery stores were left with empty shelves? Understanding and predicting demand in unpredictable times . Reshaping the manufacturing world to meet new demands.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

BlueYonder

JANUARY 31, 2023

The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers. If the organization is used to doing certain things in Excel, just automating the same process will not be sufficient.

Automotive 86

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 86

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$. The company branded as GT Nexus in 2001 and purchased Tradecard in 2013. The goal is deeper analytics to sense and respond across make, source and deliver. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

ThroughPut

OCTOBER 7, 2022

After all, most of these business functions were created for a very different era where any change was predicted earlier and absorbed easily. Understanding and predicting demand in unpredictable times. Most manufacturers prefer to leverage analytics data over traditional forecasting and time series techniques.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. For example, should customer sentiment data feed into quality systems?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Intelligent Audit

MARCH 23, 2022

billion were impacted by more constrained inventory than expected, including some high-demand holiday items…,” Best Buy CEO Corie Barry said. In addition, the company is increasing its sourcing in Mexico and Central America and undergoing what it describes as an “end-to-end supply chain transformation.”. Q4 sales of $16.4

Supply Chain Planning 52

Supply Chain Planning Scenario Planning Forecasting Agile and Lean Supply Chain 52

Precoro

APRIL 6, 2022

These services include: Software; Analytics; Networking; Data storage; Servers and more. SaaS providers handle program scaling, for example, by adding more database space or more computing power as usage increases. With procurement in the cloud, businesses can handle requisitioning, sourcing, and purchasing with ease.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 98

Talking Logistics

APRIL 12, 2017

Logistics Excellence: Now & in the eFuture. As I wrote last June, investments are rising in Supply Chain Operating Networks and Descartes is a prime example of this trend in action — a trend that I predict will continue to gain momentum in the months and years ahead. Will this include drone deliveries?

Supply Chain Planning Software 116

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Supply Chain Network Software 116

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, recognizing that two different terms in separate datasets actually refer to the same concept (e.g., “DOB”

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Supply Chain View from the Field

DECEMBER 14, 2013

A common theme among CPO ’ s we interviewed in the was the need for transactional and financial excellence as a foundation for building credibility in the enterprise. Yet, a solid P2P system is just one facet of financial excellence; FUTUREBUY executives themselves must become finan cial expert s.

Optimal Sourcing 74

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 74

Unleashed

JANUARY 4, 2022

To stay competitive in the eCommerce space, firms will need to embrace social media commerce in 2022 – which is predicted to boom in the next 5 years 1. A subset of eCommerce, social commerce supports engagement with consumers, and elicits user-generated social contributions to assist the buying and selling of products and services online.

Trends 98

Trends Modeling Software Predictive Analytics Software Supply Chain Planning Software 98

Precoro

OCTOBER 6, 2022

Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Procurement analytics is a component of business intelligence and is increasingly important, especially in complex organizations. From whom are we buying? How much are we spending?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Enterra Insights

JUNE 15, 2020

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. According to Columbus, “AI-based algorithms are making it possible to create propensity models by persona, and they are invaluable for predicting which customers will act on a bundling or pricing offer.”

Columbus 100

Columbus Supply Chain Planning Software Modeling Software Predictive Analytics Software 100

Claritum

JUNE 13, 2019

I rapidly came to the conclusion that these articles were excellent at the helicopter view of the challenges, however seemed unable to apply categorisation to the challenges. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Purchasing resource time of people.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. 3 examples) What are the challenges of reverse logistics? A further 41% said they buy multiple versions of the same item with the intent of returning some of them.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Requis

MAY 22, 2020

He is a consultant to Fortune 500 companies and US federal agencies, and a speaker with focus on the fields of strategic sourcing, supply market intelligence, and supplier development. In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Analytics is key.

Data 52

Data Manufacturing Procurement Supply Chain Design Software Agile and Lean Supply Chain 52