Remove Inventory Remove Metrics Remove SCM
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The Role of Supply Chain Planning in Today’s Complex Business Environment

Logistics Viewpoints

Supply Chain Planning (SCP) is a critical component of Supply Chain Management (SCM), starting with the accurate forecasting of customer demand. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting. Who is responsible for Supply Chain Planning?

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Supply Chain Management (SCM) involves orchestrating a product’s or service’s entire lifecycle, from sourcing and production to delivery. While procurement operates as a function within the broader supply chain, it has its own set of priorities for strategic sourcing in procurement, performance metrics, and specialized processes.

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AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In terms of inventory strategy, First Insight assigns each SKU a unique “Value Score” based on a range of factors, including pricing, likeability and consumers’ likelihood of purchase.

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Driving Supply Chain Analytics User Adoption with Cross-Departmental Metrics

Logility

The obvious danger of this is that business rules and data governance often don’t exist from department to department or user to user, leaving an overall picture into the health of the business that is foggy because KPIs and metrics do not correlate across the organization. A great example of this comes from a Logility customer.

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Editor’s Choice: AI in Supply Chains: Which Data is ‘Just Right’ for Your Business?

Logistics Viewpoints

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

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Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. The Business Problem. The analogy is weight loss.

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Three Lies and a Truth

Supply Chain Shaman

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service. ” I played three lies and a truth with the group. The reason? They did not.