Supply Chain Shaman

SEPTEMBER 28, 2022

In this volatile world, efficient procurement led by a CFO is not the answer. The company needs to focus on the design of flows, building outside-in processes, creating an effective supplier development group, reducing complexity, and driving bi-directional orchestration to a balanced scorecard. What is the issue? Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Both companies outperformed their peer groups.

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Logistics Viewpoints

JUNE 29, 2023

PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations. Make to Order: Here, products are manufactured based on specific customer orders.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

Supply Chain Shaman

FEBRUARY 14, 2022

Nine times out of ten, the finance group is portrayed as a dam, a barrier or a ferris wheel in the drawings. Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Industries carried on average 32 days more inventory in 2020 than in 2007. (I

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

AUGUST 12, 2020

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. Orbit Chart of Lenovo Performance Against Peer Group.

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. The technology group wanted to implement SAP IBP, and the business leaders were resistant. Reward teams for cross-functional metrics.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Precoro

MAY 22, 2023

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

Supply Chain Matters

OCTOBER 12, 2022

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. According to the September report , growth is increasing for inventory levels, inventory and warehousing costs.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Every company today runs on data – the key to using your data is choosing the right metrics for visibility into your supply chain. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier. Cash-to-cash is a compound metric. These have taken us a year to produce.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

JULY 30, 2022

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?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

QAD

JUNE 6, 2023

Many companies believed collaboration should occur amongst sales forecasting, operations planning and procurement planning teams. And to achieve this, all operational groups need to be planning the same way to reach the same overall business goals. The problem is that what exactly collaboration should entail is sometimes unclear.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Planning Scenario Planning S&OP 94

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. Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain View from the Field

NOVEMBER 10, 2014

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Does procurement add to top line revenue.

Manufacturing Procurement 124

Manufacturing Procurement Procurement Conference North America 124

Supply Chain Shaman

OCTOBER 8, 2019

The discussions are with groups of executives—often ex-management consultants. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. Time horizon. The takeaway?

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Supply Chain Shaman

DECEMBER 29, 2016

” In this team activity people who do not know each other list four statements and ask the group to guess which statement is false. As I study research methods, and the market, I realize the lies I’ve spun for prior employers (Gartner and AMR Research) are untrue: The AMR Research Hierarchy of Supply Chain Metrics.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

Supply Chain Shaman

SEPTEMBER 17, 2014

This report, Supply Chains to Admire , compares the progress of 200 companies within their respective peer groups on both performance and improvement. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. ” Yes, I said.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Supply Chain Shaman

OCTOBER 1, 2013

As I work with companies, I often contrast the strategies, approaches and outcomes within a peer group. OI has been more focused on transactional efficiency, procurement and IT standardization. While Sonoco Products is losing margin (in large part due to a tough market), they are making improvements in inventory turns.

Illinois 251

Illinois Waste Reduction Supply Chain Planning Software S&OP 251

Supply Chain Shaman

OCTOBER 20, 2012

When new groups come together, the forming process is often awkward. ” In this team activity, people who do not know each other list four statements and ask the group to guess which statement is false. .” ” I played three lies and a truth with the group. Here they are: The Lie of Inventory Reduction.

Inventory Reduction 261

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 261

Logistics Viewpoints

MAY 19, 2022

Imagine you are a high-tech manufacturer with more inventory in stock than your forecasted production volume, which puts you in good company, since US manufacturers’ inventories continue to rise. You have a limited procurement budget but want to maximize revenue with a supply-driven production plan that minimizes waste.

Optimal Sourcing 228

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 228

GlobalTranz

APRIL 5, 2017

A Peerless Research Group (PRG) report indicated that up to 44 percent of supply chain entities do not actively have plans in pursuing or using a transportation management system (TMS), such as the Cerasis Rater. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

Supply Chain Shaman

NOVEMBER 9, 2014

It was my first time working with this group. The group laughed. ” The group was quiet as we discussed the fact in the traditional organization that functional silos are not designed to work together. I also believed that this company would have the best inventory and customer service. The first name is Irish.

Manufacturing Procurement 285

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 285

ToolsGroup

SEPTEMBER 25, 2019

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Financial ratios allow us to analyze performance across the peer group (large against small companies) and across currencies. We also look for companies that have out-performed their peer groups.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 254

QAD

MAY 31, 2023

They plan department by department with little or no collaboration between the other groups in the organization. Typically individual group performance metrics of the different parts of the organization conflict with those of the other teams. Many manufacturing organizations still plan in silos. This is a problem.

Supply Chain Planning 52

Supply Chain Planning S&OP Scenario Planning Agile and Lean Supply Chain 52

Supply Chain Matters

JUNE 7, 2023

not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Noted was a late May decline, largely driven by a more pronounced shift in inventories in the second half of May, reflecting a higher rate of expansion in the first half. All rights reserved.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Supply Chain Matters

AUGUST 8, 2022

Interestingly, the downshifts we observed in transportation metrics were much more muted in the last week of July, leaving open a possibility for a bit of recovery as we move towards peak season. Warehousing and Inventory metrics continue to buoy the logistics sector. that we have not seen since April of 2019. Bob Ferrari.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

Supply Chain Insights

JULY 27, 2017

In groups of 5, each team member is given a different role: Finance, Sales, Marketing, Production, and Procurement. Examples of the notifications include leadership mandates for inventory reduction and pending union strikes. For the high cost materials, we were more careful with our inventory levels. Results Example.

Inventory Reduction 77

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 77

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

Supply Chain Opz

JANUARY 8, 2015

If the procurement function is focused on low-price instead of agility, then there’s no chance for success. Create the right metrics and monitor them. There is no one right set of supply chain metrics, and there will be trade-offs that reflect the needs of the markets and customers.

Resource Reduction 100

Resource Reduction Price Reduction Cost Reduction Strategies Inventory Reduction 100

NC State SCRC

JULY 23, 2017

In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. Here are some of the areas where procurement has the opportunity to make an impact. Cost of Goods.

Expense Reduction 66

Expense Reduction Inventory Reduction Resource Reduction Price Reduction 66

Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. Over the last decade, neither the pharmaceutical nor medical device manufacturer has been able to drive the revenue/employee productivity gains of their comparative peer groups. It is rising inventory levels. Power is shifting to the hospital.

Pharmaceutical 167

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 167