Remove Forecasting Remove Inventory Remove Procurement Remove Wisconsin
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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

PO Collaboration focuses on maintaining accurate demand forecasts, timely communication with suppliers, and efficient replenishment processes to ensure optimal stock levels and minimize stockouts. Configure to Order: This strategy involves customizing standard products based on customer specifications.

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Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

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The Way to Real Time Supply Chain

The Logistics of Logistics

Although more than three-quarters of survey respondents noted that demand and supply forecasting and planning tools are already very important, and a majority already has these tools in place, adopting newer supply chain tools that support the creation of real-time supply chains is recognized as highly important. He is certified as a C.P.M.,CPIM,

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Nine Key Steps to Enabling Resilient Supply Chains

Logistics Viewpoints

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

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Active Supply Chain Design: A Key Imperative for De Risking Supply Chains

Logistics Viewpoints

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks.

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Avoiding Dead-end Streets As We Build the Future of Supply Chain Planning

Supply Chain Shaman

This week, I spoke at a University of Wisconsin event on responsiveness and ASCM on the future of supply chain planning. I forecast this disruption period as the new normal is not over. At the beginning of the pandemic, the forecasted period of disruption of seven-to-eight months. Forecast Sharing. Sales Forecasting.