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I find that most companies’ understanding of supplychain planning is immature, and that next week, at the GartnerSupplyChain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supplychain planning models. Buying supplychain planning software is hard.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization.
Strategic sourcing and innovative solutions are often viewed as two distinct procurementtools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The Gartner analysis is biased toward companies within the Gartner network.
Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the GartnerSupplyChain Hierarchy of Metrics. What Drives Value?
At the time, I was a junior Gartner analyst. This landed me in front of the Vendor Review Board at Gartner to defend my research. <This In the Gartner article, I cautioned companies to invest only if three conditions were met: A well-defined scope. The solution solved a relevant industry issue. was controversial.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
The supplychain is knotted. Yesterday, @DamarqueViews asked me a question on twitter: “What do you think are the greatest barriers in the adoption of social technology in the supplychain?” I find the evolution of social technologies, and the promise of social, exciting for the supplychain.
This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supplychain planning software. Let’s face a hard fact: the supplychain planning market is a mess. Most have purchasedsoftware, but are dependent on Excel spreadsheets.
Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition. Mi9 acquired this division through its acquisition of JustEnough Software in 2018.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Selecting the right supplychain planning technology isn’t simply about solving a current challenge. The implications are much broader–if you implement the wrong software, you hinder your organization’s overall supplychain strategy and business objectives. Key Steps to Select SupplyChain Planning Software.
With the advent of the digital era, supplychain has transformed dramatically. To increase flexibility, responsiveness, and competitiveness in the long run, the investment in supplychain digitalization will increase by 10%-15% over the next few years. If trends hold, we will achieve touchless supplychains very soon.
Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system? Let’s break them down.
A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supplychain management. Procurement.
Is Apple SupplyChain Really the No. Surprisingly, IT research firm Gartner ranks Apple SupplyChain as the best supplychain in the world for 4 years in a row. Without a doubt, Apple Inc is the world leader in Innovation, Branding and Software Ecosystem. 1) Apples SupplyChain Model.
Integrated Planning: Tight Coupling of Enterprise Resource Planning (ERP) to SupplyChain Planning (SCP). However, what is clear from our recent study of 73 manufacturers using supplychain planning is that companies using best-of-breed solutions implement faster, achieve a quicker Return-on-Investment (ROI), and are more satisfied.
Last week in the middle of a presentation, a supplychain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supplychain leaders are so convinced they know the answers that they have stopped listening and learning. The issue is demand.
With all the buzz around digital transformation, someone peering in from outside supplychain may assume most businesses have already digitized essential tasks like inventory planning. Traditional supplychainsolutions were not designed for high variability demand.
Your company has an older supplychain planning (SCP) system of record (SOR) like SAP APO that was developed in the 1990s. Start with the Gartner Five Stage Maturity Model. The Gartner five stage SCP maturity model. Stage 4 brings an extended, external view of the supplychain with profit-oriented optimization.
The majority of organizations consider supplychain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Most organizations continue to suffer from severely limited visibility in the lower levels of their supplychains.
What defines a high-performing supplychain? However, this year promises a significant paradigm shift where traditional performance metrics are replaced by technology-driven frameworks, as recent breakthroughs with Generative AI in supplychains have demonstrated. Enter our list of supplychain trends for 2024.
Redwood City, 11 August, 2022 – Ivalua, a global leader in spend management , today announced that Aegion Corporation, a leading provider of infrastructure maintenance, rehabilitation, and protection solutions, selected its platform to digitally transform procurement. Ivalua will also deliver implementation services.
At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.
Some transformations follow a convention, but in supplychain that’s rarely the case. This was the question Kinaxis CEO John Sicard posed to three panelists at a Gartner conference earlier this year. If these stories sound familiar, it might be time for your supplychain to change too. Communication breaks down.
When it comes to selecting software for the enterprise, decision-makers must choose between multiple solutions. This may include choosing software for managing the enterprise (an ERP system), for supplychain management (SCM) or for customer relationship management (CRM). What is SupplyChain Management?
Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supplychain professionals. Global supplychains will be busy, congested and chaotic.
The company is a CRM solution. The Zyme solution improves revenue management, warranty and rebate processes. It is a larger acquisition than the prior purchases of Terra Technology , Steelwedge , or SCM-Icon. The focus was on automating procurement. The historic buyer of the E2open solution is procurement.
Supplychain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. When social media product promotions overwhelm supplychains. retail stores.
Insights from a Former Procurement Manager People often ask me why I left FORVIA, a French global automotive supplier, to join QAD. In todays fast-paced business environment, digitalization has become a cornerstone of operational success, particularly in the realm of purchasing.
The confusion starts when a supplychain leader states the need for improved visibility without a clear definition. Well-seasoned supplychain leaders understand that visibility is a capability not an IT taxonomy. The IT taxonomy for visibility is supplychain analytics. Supplychains are complex.
enables procurement, finance and supplychain to collectively boost cost savings, make better decisions, and accelerate digital innovation RESEARCH TRIANGLE, NC – JAGGAER , a global leader in enterprise procurement and supplier collaboration, today announces the 24.3 JAGGAER One 24.3 Version 24.3
As a writer of research on demand-driven supplychains for over eight years, I find many amusing. The article is written and the story is spun, but the solution offered is a supply-centric solution based on yesterday’s technology. Supplychain leaders feel stuck. Why is this happening?
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
Second, the pandemic kicked online buying and home delivery into “high gear” as many consumers embraced its convenience and dramatically expanded the scope of their online purchasing. Consumers are making purchasing decisions based upon environmental impact. So, how are these two trends mutually beneficial?
In this series of posts, I am going to make an argument to augment ERP planning with new cloud-based solutions to improve decision-making. Today, the management of the supplychain is harder. Supplychain management is more complex. Sometimes the changes within a supplychain are subtle, but have a large impact.
Theme 1: Global supplychains will be busy, congested and chaotic. 2023 call: Global supplychains will be slightly less busy, congested and chaotic, but cheaper – at least the transportation part. Theme 4: Sustainability will become an opportunity, not a challenge for supplychains. Figure 1: U.S.
On one hand, consumers expect to increase their online purchases post-pandemic. In the study on home delivery consumer sentiment, consumers stated that, during the pandemic, the portion of all purchases made online that required home delivery went from 35% to 46%. Figure 1: Top Reasons for Increased Online Purchase and Home Delivery.
Gartner analyst Jake Sorofman (@jakesorofman) reports that Gartner’s 2015 Marketing Spending Survey concludes, “Customer experience is the most pressing mandate … Continued The post Customer Experience (CX) Highlights the Digital Path to Purchase appeared first on Enterra Solutions.
I’ve worked in enterprise supplychain technology for more than 20 years, and, especially in the earlier years, collaborated in teams where I was the only female in the room. The truth is women have long been underrepresented in supplychain leadership. Q&A with three inspiring women in supplychain.
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