Supply Chain Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). Focus on Cost.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

ToolsGroup

AUGUST 3, 2022

These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping ToolsGroup’s expanding team agile and highly coordinated: Jon Purdy is the new Chief Financial Officer. As the CFO, Jon is responsible for financial operations and risk management.

ToolsGroup 156

ToolsGroup Optimal Sourcing Supply Chain Planning Software Supply Chain Software 156

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Kinaxis

AUGUST 29, 2014

Supply Chain Insights recently published a Metrics That Matter report covering both the Semiconductor and Hard Disk Drive (HDD) industries. Semiconductor is poised to consolidate, which will have huge impact on the metrics. Understanding inventory planning will take on a new dynamic. by CJ Wehlage.

Metrics 171

Metrics Supply Chain Planning Software Manufacturing Procurement Thailand 171

Supply Chain Shaman

SEPTEMBER 13, 2021

There is no true end-to-end solution that enables bi-directional orchestration across deliver, make, and source processes. The optimization routines single thread through functions not enabling trade-offs across source, make, and deliver. Evaluate network design options to simplify sourcing and reduce the number of platforms.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Purchasing Skills 195

Silvon Software

APRIL 11, 2024

Informing Risk Management and Decision Making Expansion brings with it an inherent increase in risk, making the ability to predict and mitigate these risks a valuable asset. This informed approach to risk management supports sustainable growth and stability.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Talking Logistics

JUNE 10, 2015

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Many Companies Falling Short on Supply Chain Risk Management.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Strategy 100

Logistics Viewpoints

FEBRUARY 15, 2023

Our preliminary findings suggest that supply chain resilience has been increasing in importance over time, but still remains secondary to the end goal embedded in the perfect order metric – the right product, to the right place, at the right time. However, I am surprised at the degree that localized sourcing is being considered.

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

Logistics Viewpoints

AUGUST 15, 2022

Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point. Both procurement solutions from ERP companies like Oracle or Infor – or business spend management solutions – can help companies enforce these sourcing supplier decisions.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

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

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report.

Optimal Sourcing 169

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

Silvon Software

APRIL 18, 2024

Artificial Intelligence (or AI), has demonstrated significant promise in managing the complex and often tedious task of consolidating and normalizing data, which is crucial for ensuring data consistency and usability across various systems and analyses. This helps executives in planning inventory, staffing, and budget allocations.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 52

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. Risk management. Supplier relationship management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 278

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 297

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 297

Logility

OCTOBER 28, 2021

Increasingly opting for renewable energy sources, where companies turn to sustainable resources and recycled or partially recycled materials when sourcing raw materials; . Any effort geared towards incorporating CSR into sustainable corporate culture must begin with an inventory and audit of existing programs.

Waste Reduction 131

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 131

Logistics Viewpoints

APRIL 4, 2022

They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. For some customers, they manage the inventory using a vendor managed inventory program.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. Performance Metrics When looking at performance metrics , they must reflect efficiency gains and throughput increases.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. Effective supplier management will be agile enough to identify disruption and the impact it will have on suppliers and take action.

Supply Chain Planning Software 130

Supply Chain Planning Software Inventory Reduction Supply Chain Disruption Supply Chain Software 130

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

AUGUST 11, 2015

The rising complexity of items sold decreases the organization’s ability to forecast, and the longer lead times across multiple tiers of sourcing and supply, increases the bullwhip impact (distortion of the demand signal across multiple tiers of the value network). This increases risk. What is Risk Management?

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 150

QAD

FEBRUARY 7, 2023

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

JUNE 5, 2013

Recognition of constraints and the management of floating bottlenecks. Management and planning of the entire network against a value network strategy. Integration of corporate social responsibility metrics in planning. Comprehensive view of source, make and deliver. Focus is on make, source and deliver together.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

The Logistics & Supply Chain Management Society

MAY 28, 2022

In a recent Federation of European Risk Management Associations (FERMA) survey with McKinsey , business operations and supply chain emerged as weak points in the areas of risk and resilience. Risk planning and technology utilisation. Resilience through technical capability and consistency.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

The Logistics & Supply Chain Management Society

JULY 23, 2020

Risk assessment will be focused agenda in Board Room : Risk assessment would be a primary agenda in most bord rooms where high-level guidance would be provided on expected outcomes. Case Study Risk management: The All England Club. Identify sourcing plant/s which can back-up each other in times of disruptions.

Agile and Lean Supply Chain 258

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 258

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. But why is liquidity management so important? Thus, liquidity is critical to overall risk management and business resilience.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Kinaxis

DECEMBER 12, 2014

Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. A bad decision can result in missed orders, significant inventory, or scrapped materials.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Training Price Mitigation Strategies 240

Arena Solutions

FEBRUARY 4, 2022

Build-to-order production processes, strategic inventory placement, and last-mile manufacturing are some of the approaches being used to meet these requirements. To support sourcing and order fulfillment on a global scale, they must change how they interact with their suppliers and partners. Supply chain related costs (e.g.,

Supply Chain Design Software 78

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 78

TMC

NOVEMBER 18, 2015

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

NC State SCRC

JANUARY 16, 2024

Dan Finkenstadt used his Chat GPT programs to analyze the NDIS and compare it to the recommendations developed in our book, Supply Chain Immunity: Overcoming our Nation’s Sourcing Sickness in a Post-Covid World. This aligns with the need for flexibility in supply chain management as mentioned in the Supply Chain Immunity Elements document.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear.

Supply Chain Design Software 286

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 286

HICX Solutions

FEBRUARY 15, 2024

Organizations will need to consider and invest in customer experience metrics and data analytics to understand better what their customers want and enhance the supply chain’s ability to understand this. Organizations must understand their suppliers’ previous performance and the risks they pose to the supply chain.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

HICX Solutions

AUGUST 31, 2023

Information is centralized Information is centralized Increased productivity & accuracy Assists compliance Improved auditability Enhanced supplier risk management Vendor information governance What are the Key Pillars of Supplier Information Management?

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Vendor Strategies Procurement Solutions 52