Supply Chain Shaman

MARCH 21, 2024

In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. We explore the concept of holistic inventory strategies focused on the form and function of inventory. The average was 45% in my recent class.)

Inventory Reduction 410

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 410

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 250

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 250

ThroughPut

DECEMBER 4, 2022

When demand can be anticipated with accuracy, it can be delivered efficiently with demand forecasting techniques. Using an AI-driven retail replenishment software and planning solution that tracks inventory can help planners easily forecast and balance store demand to provide accurate SKU level replenishment.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Supply Chain Shaman

NOVEMBER 15, 2023

The essence of the question is resilience and the ability to forecast in a variable market reliably. This gets us to the question of what is the role of the forecast?` For most, forecasting is a conundrum full of potholes, politics, and bias. I attempted and failed to: Use Point of Sale Data in Supply Chain Forecasting.

Supply Chain Planning Software 404

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 404

Supply Chain Shaman

APRIL 29, 2024

I still hold hope that SAP could get serious about supply chain planning, but I have given up on Oracle (with the exception of transportation management.)) Most believe that Gartner would be of better service to the industry to adopt more of a Horses for Courses Strategy. The reason? What steps to take?

Supply Chain Planning Software 397

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 397

ThroughPut

JUNE 12, 2023

As a result, the forecasting errors in logistics have only multiplied ever since the pandemic and with conventional forecasting models failing to insulate you against underutilization, revenue loss and missed business opportunities, you need to don the Batman’s cape to save the day!

Forecasting 52

Forecasting Modeling Forecasting Software Optimal Sourcing 52

The Logistics of Logistics

MAY 6, 2024

Raftery shares his journey and insights on how companies can achieve a triple bottom line by utilizing forecasting, technology, and optimizing routes and loads. The podcast also explores the transition towards electric vehicles in various segments and strategies for reducing product returns in e-commerce.

Logistics Network Optimization Software 215

Logistics Network Optimization Software Waste Reduction Resource Reduction Cost Reduction Strategies 215

ToolsGroup

JULY 26, 2016

Most CPG companies have hit a demand forecasting ceiling. And complexity creates a challenge of how to forecast accurately when faced with new items, new channels and demand shaping. Recent evidence strongly suggests that traditional forecasting techniques in this environment have reached their limits and hit a ceiling.

Forecasting 120

Forecasting Supply and Demand Optimal Sourcing Inventory Reduction 120

ToolsGroup

MARCH 30, 2022

Nespresso addressed this challenge by digitizing its end-to-end supply chain – from demand forecasts to order deliveries to points-of-sale—thanks to ToolsGroup’s digital supply chain planning platform. By using daily forecasts and replenishment constraints such as storage capacity, safety stock, stock, lead time, etc., Did You Know?

Supply Chain Planning Software 317

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization 317

The Logistics of Logistics

MAY 1, 2024

DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Access accurate freight rate forecasts that are over 95% accurate on more than 7 million daily predictions. He lives in Denver, Colorado with his wife and son.

Metrics 210

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 210

GlobalTranz

NOVEMBER 30, 2021

Managing OTR transportation through disruption is a complex process. We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Forecast Demand?with?Analytics. Analytics provides visibility into your transportation network and operations.

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

ToolsGroup

SEPTEMBER 13, 2023

A high performance inventory strategy focuses on optimizing inventory levels and minimizing costs while ensuring product availability and safeguarding the customer experience. Probabilistic planning uses probability theory to forecast demand and optimize inventory. This is where a machine learning-based probabilistic forecast comes in.

Inventory Reduction 156

Inventory Reduction Resource Reduction Waste Reduction Supply Chain Planning Software 156

GlobalTranz

AUGUST 11, 2021

The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Shippers should consider the following as indicators for when to add an outsourced managed logistics transportation services provider. This can be a confounding issue.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Transportation Supply Chain Software Supply Chain Planning Software 294

Logistics Viewpoints

AUGUST 19, 2021

The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Shippers should consider the following as indicators for when to add an outsourced managed logistics transportation services provider. This can be a confounding issue.

Logistics Network Optimization Software 252

Logistics Network Optimization Software Transportation Expense Reduction Inventory Reduction 252

Logistics Viewpoints

MARCH 3, 2022

Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery. Automation as key for growth.

Expense Reduction 311

Expense Reduction Logistics Network Optimization Software Supply Chain Design Software Supply Chain Strategy 311

Supply Chain Matters

JANUARY 11, 2023

Supply Chain Matters provides highlights of the World Bank ’s latest global economic forecast which points to a sharp, long lasting downturn in the global economy. A reinforcement of that message was provided this week with the World Bank significant lowering its forecast for the global economy in 2023. is forecasted to be 0.5

Forecasting 52

Forecasting Global Indonesia Supply Chain Planning 52

Logistics Viewpoints

MAY 23, 2024

However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.

Modeling 218

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization 218

Supply Chain Matters

MARCH 22, 2022

In this Supply Chain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supply chain implications. . It this agency’s prior December 2021 forecast, OECD had forecasted that global GDP growth would moderate to 4.5

Forecasting 52

Forecasting Ukraine Price Reduction Inventory Reduction 52

Logistics Viewpoints

JUNE 3, 2024

Scott Fenwick, Senior Director Product Strategy for Supply Chain Planning at Manhattan Associates. The same disconnect can happen in the warehouse and in transportation. What Manhattan is doing on the transportation side is just as revolutionary a transformation. The BOM transformation creates a feasible plan for procurement.

Supply Chain Planning Software 224

Supply Chain Planning Software Supply Chain Planning Scenario Planning Manufacturing Procurement 224

SCMDOJO

FEBRUARY 20, 2023

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Inventory Reduction 104

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 104

Supply Chain Shaman

AUGUST 18, 2022

At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. This large food manufacturer used a popular technology to forecast monthly using orders as an input. The strategy day owner was a global process center of excellence leader. The result? Background.

Supply and Demand 259

Supply and Demand Demand Planning Software Optimal Sourcing Supply Chain Planning Software 259

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Supply Chain Planning Software 52

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 59

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 59

ToolsGroup

NOVEMBER 23, 2021

Much of the world is clamoring for finished products from their usual suppliers; but dwindling cargo space, skyrocketing transportation costs, and component delays make it difficult to keep shelves stocked. 7 practical strategies to minimize risk and manage supply chain shortages. Get your product portfolio in shape.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain.

Supply Chain Planning Software 84

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 84

Supply Chain Shaman

MAY 15, 2020

The second process to stop is collaborative sales forecasting. Collaborative sales forecasting started two decades ago with the belief that sales forecasting could help improve demand output. During the pandemic, collaborative sales forecasting is just a waste of time. Transportation RFPs are particularly problematic.

Supply Chain Planning Software 497

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Planning 497

Unleashed

DECEMBER 21, 2023

Keep reading to uncover the risks and challenges of inventory management , learn about the types of solutions available, and discover some of the most effective inventory management strategies in modern business. Seasonality and fluctuations in market trends can also make it difficult to forecast demand correctly.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Logility

APRIL 20, 2022

And they’ve had little to no time to recover from raw material and labor shortages, supplier and factory failures, transportation delays, and rising costs while encountering unpredictable demand. Historically, businesses were able to model good forecasts and promise order delivery based on them.

Sourcing Strategies 130

Sourcing Strategies Material Savings Vendor Strategies Inventory Reduction 130

ThroughPut

FEBRUARY 24, 2020

Supply chain forecasting is a great way to help manufacturers, operations managers and production planners make educated predictions about factors influencing warehouse operations. This includes production elements such as material sourcing, job allocation, transport logistics, production scheduling, inventory optimization and more.

Forecasting 52

Forecasting Forecasting Software Optimal Sourcing Inventory Reduction 52

The Logistics of Logistics

OCTOBER 12, 2022

Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. pageviews a month and over 1.5B

Analytics Software 180

Analytics Software Forecasting Software Logistics Network Optimization Software Supply Chain Software 180

Logistics Viewpoints

JANUARY 11, 2023

Top Five Transportation Trends ; Chris Cunnane. From a transportation standpoint, this has included major technological advancements. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint. billion globally, and I forecast it to grow to $9.9

Logistics Network Optimization Software 219

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 219

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Now that we understand what efficient shelf replenishment entails, let’s dive into how to put these strategies into action! Analyze the quantity and frequency of reordering.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

GlobalTranz

OCTOBER 11, 2018

The importance of an omnichannel supply chain strategy cannot be overstated. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service? This is the core of an effective omnichannel supply chain strategy; variety and options define customer experiences. GET YOUR COPY HERE. Download White Paper.

Inventory Reduction 186

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 186

ToolsGroup

MAY 11, 2021

However, few fully integrate their SCP strategies into their strategic planning. Marketing Plan: documents your strategy for attracting and retaining customers and developing new products and services. Financial Plan: forecasts your financial performance and identifies funding needs, if applicable, to execute on your plan.

Supply Chain Planning Software 296

Supply Chain Planning Software Supply Chain Planning Supply Chain Optimization Modeling 296

BR Williams Supply Chain Management

JANUARY 18, 2021

Distribution management includes forecasting, transportation, warehousing, and delivery within the larger universe of logistics and supply chain management. Forecasting tools. Additional variables, such as sales promotions at the retailer or seasonal inventory build by the manufacturer, can make forecasting difficult.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

Vinculum

APRIL 29, 2022

The report has made a forecast analysis to handle the market from a broader perspective. The word comes out with an overview of the business strategies or ideas and how they have served their current customer to achieve long-term growth and profits. Drones transport the stock in and out of the warehouse without any error.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52