Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. What Is a Forecast Anyway? A forecast is not a forecast.

Supply and Demand 386

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 386

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. The planning process should be automated, repeatable, and not dependent on Excel-based manipulation.

Supply Chain Planning Software 201

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 201

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. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 98

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies.

Material Savings 189

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 189

o9 Solutions

JANUARY 19, 2022

Vikram Murth i – VP Industry Strategy, :o9 Solutions. Business challenges like sourcing from Asia with long and uncertain lead times now combine with demand uncertainty, which came to the forefront with the pandemic raging. Over the past few decades, retail supply chains were built for operational excellence, not agility.

Sourcing Strategies 52

Sourcing Strategies Forecasting Inventory Reduction Inventory Management Software 52

o9 Solutions

JANUARY 19, 2022

Vikram Murth i – VP Industry Strategy, :o9 Solutions. Business challenges like sourcing from Asia with long and uncertain lead times now combine with demand uncertainty, which came to the forefront with the pandemic raging. Over the past few decades, retail supply chains were built for operational excellence, not agility.

Sourcing Strategies 52

Sourcing Strategies Forecasting Inventory Reduction Inventory Management Software 52

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

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 16, 2024

Note that supply chain optimization goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Supply chain optimization is important for several reasons including cost reduction, enhanced efficiency, strategic decision-making and more. Why is Supply Chain Optimization Important?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The lubricants are oils and greases to reduce friction and prevent moving machine parts from grinding. What can often look like compliance in APO could actually be numbers calculated in Excel and posted into the SAP system.

Demand Planning Software 261

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 261

Oracle SCM

JULY 12, 2017

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Supply Chain Shaman

JULY 25, 2021

Many of the growth initiatives–trade promotions and price in consumer industries–shifted demand without lifting baseline demand. Implementation of Sales Forecasting. The focus on sales forecasting started shortly after Y2k. Functional Intitiatives Without Clarity on Supply Chain Strategy. The impact?

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

ThroughPut

MAY 13, 2022

In this article, we look at the capabilities of the most common forecasting methods, and which situations they are best for given their current limitations. . Breaking down demand forecasting. Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. This avoids duplication of efforts and ensures a smooth flow of goods and services.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 78

Supply Chain Shaman

NOVEMBER 11, 2020

Today, supply chain excellence matters more than ever. I forecast that this interest will grow and the market is going to become more confusing. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.

Supply Chain Design Software 317

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 317

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? In a quarter of cases, though, the change was prompted by the retirement of a legacy system.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Tight coupling of the supply chain forecast to the financial forecast will improve value. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

ThroughPut

APRIL 6, 2020

A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Today, manufacturers are under constant pressure to reduce costs, increase operational efficiencies and enhance revenue margins.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

ThroughPut

APRIL 6, 2020

A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Today, manufacturers are under constant pressure to reduce costs, increase operational efficiencies and enhance revenue margins.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Supply Chain Planning Scenario Planning 52

Supply Chain Shaman

OCTOBER 8, 2019

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Logility

MAY 25, 2023

In a world where customer loyalty is hard-earned, that’s a price no business can afford to pay. Many companies prioritize forecasting and inventory management but often neglect the efficiency of the stock that’s on hand. Poor inventory management can lead to stockouts, overstocks, or worse, lost customers.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Resilinc

FEBRUARY 20, 2024

In our Q&A, Shahzaib discussed predictive AI, which is used for supply chain disruption monitoring, hurricane simulators, commodity predictions, supplier screening, and predictive purchase orders. This helps diversify the supply chain, reduce over-reliance on critical suppliers, and mitigate risks.

Predictive Analytics Software 90

Predictive Analytics Software Supply Chain Planning Software Modeling Supply Chain Software 90

Supply Chain Shaman

SEPTEMBER 13, 2021

There is no true end-to-end solution that enables bi-directional orchestration across deliver, make, and source processes. The optimization routines single thread through functions not enabling trade-offs across source, make, and deliver. Evaluate network design options to simplify sourcing and reduce the number of platforms.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

Supply Chain Shaman

FEBRUARY 16, 2024

My belief is that GenAI on the Graph, through the deployment of outside-in thinking (freeing ourselves from the limited thinking of convention), offers the opportunity to reduce the number of planners by 80-85%. The focus needs to morph from focusing on reducing error to improving reliability. Forget the concept of a junior planner.

Supply Chain Planning Software 398

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 398

Precoro

NOVEMBER 7, 2022

Keep reading to find out the key differences between direct and indirect procurement, how their strategies differ, and how to control spending for both. 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

Supply Chain Shaman

NOVEMBER 28, 2016

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Price to Tangible Book Value (PTBV).

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

ThroughPut

MARCH 28, 2024

Whether it is optimizing supply chains to reduce waste or adopting smart agriculture practices to improve yield, AI impacts efficiency, personalization and sustainability. As per a recent study, AI can help reduce production costs by almost 20% in the agriculture sector! billion in 2024. billion in 2024. billion by 2029.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

JUNE 21, 2023

The company’s focus on item proliferation resulted in 40% of items moving into a non-forecastable category. Since the company does not measure forecastability, the team continued to use traditional methods for forecasting, increasing the bullwhip effect and driving internal supply chain disruption.

Gartner 374

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 374

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Very little freight is moving with prices skyrocketing and many rerouting containers to Ningbo.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

6 River Systems

JUNE 10, 2019

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. “When developing your supply chain strategy…” You should be thinking about preventing unauthorized sellers and MAP pricing violators from day one.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

crisp

JUNE 29, 2022

NotCo’s head of strategy and planning uses Crisp data keep operations on track during hypergrowth and align the company around a clear path to success. Growing at such an impressive rate requires a killer game plan – and that’s where Senior Manager of Strategy and Planning Dan Capraun comes in. Same taste, but plant-based.

Supply Chain Planning Software 98

Supply Chain Planning Software Inventory Reduction Sourcing Strategies Data 98

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Therefore, a firm would be well served to develop a supply chain strategy as described in my book: Supply Chain Transformation. But, it can be overdone.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

ToolsGroup

OCTOBER 20, 2015

Source: Supply Chain Digest. And last year Costa Express won the “Technology” category award at the European Supply Chain Excellence Awards , also a top honor. And last year Costa Express won the “Technology” category award at the European Supply Chain Excellence Awards , also a top honor. Source: Lennox.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120