Remove Eliminating Excel in Purchasing Remove Industry Remove Inventory
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Inventory Management: Why Excel Is Holding You Back

ToolsGroup

If you’re managing inventory with spreadsheets , you’re not alone—but you might be falling behind. While Excel has long been a go-to for planners, the landscape has changed. In this dynamic environment, inventory management powered by spreadsheets is no longer a viable strategy. But familiarity doesn’t equal effectiveness.

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Supplier Onboarding is Core to a Digital Supply Chain Transformation

Logistics Viewpoints

Molexs story is interesting because they excelled at overcoming these cultural issues. The most common form of trading partner collaboration is purchase order collaboration. With PO collaboration, buyers send digital purchase orders over the network to suppliers or other trading partners. The buyers dont report to Mr. Gainsford.

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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

So, in my journey to industry challenge to shift from inside-out to outside-in planning processes, I built the model shared in Figure 1. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital.

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Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

We purchase data from Y charts. (A Studying Performance of the Gartner Top 25 Award Winners Plotting corporate patterns against peer group performance through orbit charts enables a quick understanding of supply chain excellence. As an aside, I do not think that Lenovo is an example of a supply chain excellence. but declining.

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Blind Shipping: Solution for Inventory & Labor Challenges

GlobalTranz

If so, optimizing your inventory management strategy can be a game-changer. This method offers a solution to various inventory and shipping challenges for businesses just like yours. Below, we outline three ways blind shipping can help optimize your logistics, keep inventories healthy and save you money!

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. Note in Figure 1, that eight industries have gone backwards and four moved forward. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Five Reasons.