Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Optimism and Reconnection.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

GlobalTranz

JANUARY 9, 2019

Editor’s Note: This article is from Steve Bettwy , Vice President – Quality and Business Continuity, Operational Excellence, and Continuous Improvement at Direct Supply. Amazon announced that it shipped 5 billion items through Prime alone in 2017, and some analysts estimate it will ship over 4 billion packages in 2018.

Purchasing Training 187

Purchasing Training Price Mitigation Strategies Training Freight 187

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. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Insights

JUNE 1, 2017

The late 1960’s version of an intended application of futuristic artificial intelligence (AI) certainly played its role well, running the entire ship and providing immediate real-time intelligence about the surrounding environment. The truth is that we all know and accept that AI-driven optimization tools are coming fast.

Optimal Sourcing 110

Optimal Sourcing Modeling Optimization Software Optimization Modeling 110

SCMDOJO

MARCH 27, 2024

It is also a means to maintain a competitive edge and operational excellence. Such a tool is vital for your computer to remain in optimal condition. This includes native support for macOS and optimizing its latest features and security protocols. It also supports complex planning models.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 69

Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Demand forecasting should be tightly integrated to an inventory optimization application. Demand models need to be continuously updated. This sounds obvious.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. Ideally, IBP adds a stronger financial perspective to the process that in theory optimally balances customer service with profitability and even cash flow. A plan is like a Word document.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

GlobalTranz

FEBRUARY 2, 2015

In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.”

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Locus

JUNE 23, 2023

If customers do not receive their orders on time, they won’t buy from that company again. With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. How many orders am I currently shipping?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. They also have 20 sourcing locations across North America from which they can ship make to stock products. HWI employed a crawl-walk-run methodology. Then Covid hit!

Optimal Sourcing 157

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 157

Logility

AUGUST 24, 2023

You can then create a supply plan that stipulates which materials you should be purchasing and how you should be moving them between facilities to keep your supply chain balanced. This is where production planning software excels over enterprise resource planning (ERP) systems. Make sure your solution enables you to: Model constraints.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Forecasting Software 147

Supply Chain Shaman

FEBRUARY 27, 2020

Pirate ships would lower their flag when puff roared out his name oh. Older men buy less underwear than younger males and their packaging was not as attractive to the female shopper buying for the family. Historically, the design of the data model drove software market positioning. The fit of the data model.

Analytics Software 242

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 242

ShipBob

MARCH 2, 2023

How people feel when they interact with your business influences their buying behavior. A retail experience refers to how customers interact with your brand and how it makes them feel, which influences their decision to buy or not to buy. So, how exactly do you create an exceptional retail experience?

Retail 52

Retail Eliminating Excel in Purchasing Purchasing Skills How To 52

ThroughPut

FEBRUARY 2, 2024

With Advanced Supply Chain Analytics : Inventory levels are dynamically adjusted based on real-time data and predictive models, reducing the risk of excess inventory or stockouts and optimizing storage costs. Franprix Franprix , a French retailer, adopted AI and machine learning-based demand forecasting to optimize stock replenishment.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Talking Logistics

NOVEMBER 10, 2014

As I wrote earlier this year in Is Your Business Model Safe? , Several customers addressed those questions in excellent case study presentations: Dr. Bernhard Herzog, Oxea GmbH – “Business Impact of a Supply Chain Operating Network”. Ralf Kahre and Patrick Gött, BASF – “End-to-End Business Process Management”.

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 171

Vinculum

OCTOBER 16, 2021

E-commerce has evolved drastically in recent years, and we are now witnessing the slow demise of the multi-channel store model. Diminished margins and a decrease in the number of customers willing to come into actual retail establishments to make purchases are two major causes behind this. Why should you care?

Price Reduction 52

Price Reduction Manufacturing Procurement Vendor Strategies Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 23, 2018

The OEM turned over management of one of the most critical, high-volume segments of its reverse logistics program—the processor business—saving the manufacturer millions of dollars each year; reducing excess inventory; increasing same-day, on-time ship rates; and improving customer satisfaction. The Challenges. The Solution.

Optimal Sourcing 43

Optimal Sourcing Reverse Logistics Case Study Modeling 43

Enterra Insights

FEBRUARY 13, 2019

You can use data gathered from user behavior and purchases to predict how they may act in the future or tailor marketing efforts to their likes, dislikes and buying habits.” Optimization. ” Machine learning and the supply chain. Pattern recognition. ” 5. . ” 10. Visibility. ” Concluding thoughts.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

BlueYonder

MARCH 16, 2023

For example, if there is a port congestion or weather event affecting a truck on the road or a ship in the ocean, or a delay in the customs clearance or a COVID-19 shutdown in Shanghai, China, then supply chain operations can look at alternative, proactive risk mitigation strategies.

Automotive 73

Automotive Real-time Visibility Logistics Network Optimization Software Trends 73

GlobalTranz

AUGUST 1, 2016

The empowered consumers of today are beginning to expect this option for all of their purchases. Earlier this year, we wrote about Amazon’s secret plan, dubbed “ Operation Dragon Boat ,” which outlined their goal of becoming a full-fledged shipping company. Amazon Will Continue to Expand on “Operation Dragon Boat.”.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chain Optimization 120

Veridian Solutions

JANUARY 23, 2019

It refers to the ability to buy online and pick up in store. Since the storefronts take on the characteristics of the warehouse or distribution center , resulting in the aforementioned SaaDC model, more workers may be necessary, driving costs upward. Click and collect is not a new concept. The overwhelming majority of U.S.

Retail 49

Retail Eliminating Excel in Purchasing Omnichannel Procurement Analytics 49

Supply Chain Shaman

JUNE 14, 2014

But companies often have diverging incentives and interests from their supply chain partners, so when they independently strive to optimize their individual objectives, the expected result can be compromised. ”. Our current processes and dependencies on Excel spreadsheets cannot get us to our goal. You might say… Yes, I agree.

Optimal Sourcing 286

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 286

Unleashed

FEBRUARY 8, 2024

Customers want to know product availability, price, and delivery times of the goods they are looking to purchase. They also want the ability to track their orders from point of purchase through to delivery, and to receive notifications about dispatch and shipping movements of their orders.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Veridian Solutions

JANUARY 14, 2019

It refers to the ability to buy online and pick up in store. Since the storefronts take on the characteristics of the warehouse or distribution center, resulting in the aforementioned SaaDC model, more workers may be necessary, driving costs upward. Click and collect is not a new concept. The overwhelming majority of U.S.

Retail 40

Retail Eliminating Excel in Purchasing Procurement Analytics Omnichannel 40

Unleashed

OCTOBER 4, 2023

There are many steps to follow, and different tactics available for every business model. 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. Order fulfilment vs. shipping: What’s the difference?

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 6, 2019

Obviously, there was some wiggle room in the model as home shopping through TV came to light. There are several types of warehouse management analytics, reflecting the ongoing process optimization in today’s supply chains. Merchandise optimization. Benefits of Warehouse Management Analytics. Adjustments within the supply chain.

Analytics Software 60

Analytics Software Procurement Analytics Analytics Warehousing 60

ThroughPut

FEBRUARY 23, 2024

With so many changing variables, excel sheets or human intervention alone can’t gain the level of visibility needed to forecast the future. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights. Operational chaos and so much more. The solution?

Predictive Analytics Software 59

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

Supply Chain Shaman

JANUARY 2, 2023

The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving. (The The team was not calibrated on the role of forecasting and the basics around process excellence. Models Matter. Be careful.

Supply and Demand 373

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 373

ThroughPut

MAY 13, 2022

Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting. to run forecasting models and arrive at a solid consensus forecast. For example, you can now generate time-series sales forecasts and trends in Excel. Breaking down demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

ThroughPut

MAY 13, 2022

Before getting into the forecasting models, it would be useful to define the three main components of demand forecasting. to run forecasting models and arrive at a solid consensus forecast. For example, you can now generate time-series sales forecasts and trends in Excel. Breaking down demand forecasting.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Modeling 52

Veridian Solutions

JULY 17, 2019

Obviously, there was some wiggle room in the model as home shopping through TV came to light. There are several types of warehouse management analytics, reflecting the ongoing process optimization in today’s supply chains. Merchandise optimization. Benefits of Warehouse Management Analytics. Adjustments within the supply chain.

Analytics Software 58

Analytics Software Procurement Analytics Analytics Warehousing 58

ShipBob

AUGUST 25, 2021

And if a business is paying too much in shipping costs, it can majorly reduce profit margins. The first-mile delivery stage has a direct impact on your shipping experience and improving the former will deliver substantial gains to the latter. Some of these inefficiencies often start with improper purchase ordering.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp.

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

OptiProERP

JANUARY 8, 2020

But in the age of smart phones and the always on eCommerce marketplace, customer service (a reactive model when help is requested) has been replaced with the more encompassing name customer experience. Read our comprehensive guide, Achieve Manufacturing Excellence with Cloud ERP: A Guide for Small and Midsize Manufacturers.

Manufacturing Procurement 101

Manufacturing Procurement Real-time Visibility Optimal Sourcing Material Savings 101

Quantified Freight

MARCH 15, 2017

The beauty of today’s supply chain ecosystem and the technology that we have all come to rely on daily, is that freight can be optimized! Since we do not purchase transportation in a box from a department store shelf — why are so many treating it that way? First, look at what makes the most sense for your business model.

Agile and Lean Supply Chain 45

Agile and Lean Supply Chain St. Louis Supply Chain Planning Software Supply Chain Optimization 45