Supply Chain Shaman

SEPTEMBER 3, 2015

Before the benchmarking work, I believed that companies that were better forecasters would be better at inventory management. Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. Forecast Consumption Logic is an Opportunity for All. This is no longer my belief.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

JUNE 15, 2015

We have made more progress in forecasting than supply planning. Forecastability (the ability to forecast a product line) has gotten worse, demand error and bias is increasing, and supply is more complex. I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization.

Supply Chain Planning Software 150

Supply Chain Planning Software SAP Supply Chain Planning Supply Chain Software 150

Supply Chain Shaman

JUNE 3, 2013

At a time that marketplace offerings were super-hyped, I forecasted the doom of ten e-marketplace providers. In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications.

Supply Chain Design Software 269

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 269

Supply Chain Shaman

JUNE 15, 2015

We have made more progress in forecasting than supply planning. Forecastability (the ability to forecast a product line) has gotten worse, demand error and bias is increasing, and supply is more complex. I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization.

Supply Chain Planning Software 135

Supply Chain Planning Software SAP Supply Chain Design Software Supply Chain Planning 135

Cathy Roberson

APRIL 6, 2022

Taylor Wilkerson @THWilkerson Forecasting Here’s the thing. It helps for a supply chain to be able to forecast. Amrou Awaysheh @awaysheh Accurate forecasting Adrian N White @awhite_adrian Actionable I’d add something else: actions. Integrations are 🔑 (And no one loves salesforce)” - Miles J.

Real-time Visibility 52

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. And the reality is that Supply Chain must be cost-effective.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Game Changer

NOVEMBER 16, 2018

In the situation I was in there were obviously no metrics that were being reviewed and used. There are many metrics that are very helpful including: Cash dollars and days of supply. You need a clearly defined set of metrics that are measured and reviewed regularly. Cash #SupplyChain #Business #Money #Finance #SCM.

Procurement Analytics 53

Procurement Analytics Inventory Reduction Metrics Forecasting 53

Supply Chain Shaman

OCTOBER 20, 2012

We are trying to understand how supply chain leaders have raised the bar at the intersection of these four sets of metrics on the supply chain effective frontier. I also believe that it is because the organization is not incented to manage cash-to-cash metrics. The results have been eye-opening. But, it does not stop there.

Inventory Reduction 264

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 264

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. In fact, the teams ignore the forecast. Most supply chain planning teams do not know their customers.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Game Changer

NOVEMBER 9, 2018

You know the people, the processes and the metrics. Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. Poor metric performance (eg. Inability to forecast, do what-if analyses and to make and meet commitments. Poor leadership.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 43

Supply Chain Game Changer

NOVEMBER 20, 2018

Check out What is Virtual Procurement and Why Should You Care? Large companies can afford to have Strategic Sourcing Procurement staff around the world. This should involve the review of metric performance against targets, schedules, resources, audit results and action plans, and control posture. Subscribe Here! Email Address.

Manufacturing Procurement 44

Manufacturing Procurement Optimal Sourcing Sourcing Supply Chain Planning Software 44

Supply Chain Game Changer

NOVEMBER 10, 2018

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Picking the right metrics can be challenging, however, and it will inevitably involve trade-offs.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

Supply Chain View from the Field

AUGUST 27, 2014

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations.

Negotiating Skills 68

Negotiating Skills Negotiate Pricing Supply Chain Design Software Manufacturing Procurement 68

RFgen

APRIL 20, 2023

With the growing reliance on digital technologies and reliable data, Oracle Fusion Cloud SCM has emerged as a powerful platform, enabling organizations to optimize their inventory control practices. One such solution is mobile barcoding, which extends the power of Oracle Fusion Cloud SCM to point-of-scan.

Inventory Management Software 52

Inventory Management Software SCM Inventory Management Supply Chain Planning Software 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. This is particularly so because systems to track supply forecasts and flows are becoming more and more sophisticated. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Infosys Supply Chain Management

NOVEMBER 11, 2011

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Demand Planning is a cyclic process and the last step in the cycle is a formal review of the forecast with the ongoing Sales. and the appropriate steps are taken to increase the forecast performance in the next cycle.

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 22

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 123

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 123

ThroughPut

MAY 22, 2024

An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. By integrating with the financial and manufacturing modules, SCM enables better demand forecasting, inventory optimization, and faster time-to-market.

Supply Chain Planning Software 98

Supply Chain Planning Software Resource Reduction Optimal Sourcing Resources 98

Supply Chain Game Changer

NOVEMBER 17, 2020

” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. Paul Kretz, Head of SCM at Church & Dwight. Plus, metrics protect you. Mistakes & set-backs are the great source for development opportunity.

Global 53

Global Supply Chain Planning Software Negotiating Skills Purchasing Training 53

Supply Chain Shaman

SEPTEMBER 17, 2015

For most companies, the traditional focus is on the management of order to cash, procure to pay and forecast to deliver processes. Lora wrote the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. It will define a new set of winners and losers.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 150

Elementum

AUGUST 17, 2022

It’s 2022, and there is software on the market for every situation—including software that meets the needs of supply chain management (SCM). Let’s explore the definition of SCM and some additional tools you should consider using. This includes everything from the procurement of raw materials to the delivery of finished products.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Inventory Management Software Forecasting Software 78

Infosys Supply Chain Management

JUNE 20, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. IT enablement in areas like Mobile work management, Health and Safety, Metrics monitoring (KPI) etc. IT toolbox: SCM community. Procurement Blog. Generic SCM (130). Business Process Outsourcing.

Optimal Sourcing 25

Optimal Sourcing Asset Management Supply Chain Optimization Optimization Software 25

Infosys Supply Chain Management

AUGUST 10, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Insuring that each function, including online marketing, store operations and supply chain have common objectives, metrics and aligned rewards for the coming year. IT toolbox: SCM community. Procurement Blog.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Manufacturing Procurement Innovation 28

Infosys Supply Chain Management

SEPTEMBER 12, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Some of those are Cognos, iLog, SPSS, Core Metrics, Emptoris, Vivisimo and many others, as world is moving from reactive to proactive. IT toolbox: SCM community. Procurement Blog. Generic SCM (130).

Supply Chain Planning Software 24

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Pharmaceutical 24

Taulia

JUNE 26, 2023

During this step, you first need to decide on supply chain objectives and specify the metrics that will be used to monitor progress toward them. Then, move on to build your supply chain to suit those metrics. At this stage, the priority is to make sure that the materials or components supplied meet the required standards.

Supply Chain Planning Software 52

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

Infosys Supply Chain Management

JUNE 28, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. A further benefit of integration of these many systems is to allow organizations to effectively report on their sustainability metrics. IT toolbox: SCM community. Procurement Blog. Generic SCM (130).

Supply Chain Planning Software 22

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 22

The Network Effect

OCTOBER 3, 2014

Identification and measurement of key trending metrics on a weekly or monthly basis, with an emphasis on corrective action planning to address metrics that don’t meet goals. From a measurement perspective the key trending metrics at a high level include: Supplier on time delivery. Supplier shipment information accuracy.

Supply Chain Network Software 196

Supply Chain Network Software Automotive Modeling Software Supply and Demand 196

ShipBob

AUGUST 30, 2021

A typical supply chain analytics solution offers insights into inventory forecasting , product allocation , fulfillment performance, logistics costs , order accuracy rates, and more. . Supply chain forecasting is key to building a strong supply chain. What supply chain analytics can do for your business. Help predict future demand.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Infosys Supply Chain Management

SEPTEMBER 30, 2015

This would cut the in-house maintenance cost hugely and reduce the pressure on Plant Manager in procuring skilled labor, etc. Outsourcing of EAM could also open door to outsourcing full/partial inventory management & procurement process which would definitely be an added advantage and help in optimizing processes further.

Optimal Sourcing 20

Optimal Sourcing Modeling Software Manufacturing Procurement Resource Reduction 20

6 River Systems

JUNE 29, 2020

Finally, leaders reduce disruption by building buffers throughout the supply network and invest in advanced analytics to improve planning and forecasting accuracy.” Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Infosys Supply Chain Management

SEPTEMBER 17, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Achieving 100% forecast accuracy is next to impossible. In case of new products, even after applying concepts like Like Modeling, achieving the goal of forecast accuracy is very much a challenging task.

Supply and Demand 30

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 30

Infosys Supply Chain Management

MAY 9, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Example: For a shipper, number of shipments at a 3PL warehouse might be a relevant metric while the 3PL provider may be more interested in the number of shipments for all serviced shippers. IT toolbox: SCM community.

Supply Chain Planning Software 29

Supply Chain Planning Software Real-time Visibility Supply Chain Software Agile and Lean Supply Chain 29

Supply Chain Game Changer

NOVEMBER 7, 2018

They themselves were confused over the number of aged invoices, the amounts, the metrics, the issues preventing payment, the critical parts being held hostage by suppliers in exchange for payment, the problems preventing payment, processes, and responsibilities. Our education process started to take hold. All Rights Reserved.

Pricing Training 42

Pricing Training Procurement Analytics Purchasing Training Negotiate Pricing 42

NC State SCRC

OCTOBER 12, 2016

This was a new era for Marsh, as it involved moving towards a much more centralized approach to SCM. In supply chain, you can focus in procurement, sourcing, inventory control, logistics, and other off-shoots that occur on a daily basis. Marsh is a 110 year old company, with the 3 rd generation of leadership.

Supply Chain Planning Software 40

Supply Chain Planning Software Purchasing Skills Negotiating Skills Supply Chain Software 40

Infosys Supply Chain Management

SEPTEMBER 9, 2013

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Consistent Business Intelligence - BI metrics can be obtained consistently across the entire business banking on the foundation of single version of master data. IT toolbox: SCM community. Procurement Blog.

Sourcing Strategies 24

Sourcing Strategies Resource Reduction Cost Reduction Strategies Supply Chain Strategy 24

6 River Systems

FEBRUARY 25, 2019

William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally. Safety stock is a dynamic not fixed and should change based on forecast.

Optimal Sourcing 55

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Optimization Software 55

ThroughPut

NOVEMBER 28, 2023

Integration of external data: An effective supply chain analytics software must also be able to access and analyze data from external sources like weather forecasts, social media trends, etc. It offers demand forecasting, inventory optimization, and logistics planning features.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52