article thumbnail

Avoid “Lost in Translation”. Monetize S&OP to Include Finance.

ToolsGroup

Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. 4-9% decrease in the value of obsolete inventory as a percentage of total stocked goods (product costs).

S&OP 92
article thumbnail

How AI & Machine Learning Will Transform Supply Chain Management Through Software-Driven Automation

Accelogix

I am still a practical technologist at heart, but after years of staged tech demos, endless R&D, and futurist seminars, several of these technologies now function outside of Silicon Valley’s controlled environments and are demonstrable in the real world. What has changed for me? What has changed for me?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managing the Long Tail of the Supply Chain Part 4: Five Takeaways

ToolsGroup

service levels with 20% inventory reductions. When demand is variable and intermittent, classic forecasting and inventory models do not perform well – many consider items with very low demand rates “unforecastable.” Traditional “single number” forecasts and forecast accuracy metrics are nearly meaningless in the long tail environment.

article thumbnail

10 Issues Keeping Manufacturers and Distributors Up At Night for 2015

GlobalTranz

Lot’s of questions here as many manufacturers and distributors are questioning what is beyond promotions, events / seminars and brand messaging. Price management, inventory management, process optimization, and utilizing appropriate metrics to drive performance (and compensation) are critical. To end-users and influencers?

article thumbnail

The Inkblot: Why Flowcasting really isn’t subject to interpretation

The Network Effect

Over the years, I’ve met many people at conferences and seminars who proudly state that “we’re doing CPFR” or “we’re doing S&OP”. You can automatically create a financial plan for any item, category or across the entire business for the next 52 weeks, including sales, purchases and inventory investments. . – Okay, rant over.

S&OP 100
article thumbnail

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Offer cross training and provide continual training seminars on new procedures to improve productivity.” To measure the warehouse productivity, the management must apply standard measurements that can be used for operations that occur in the warehouse, for example, perform physical inventory or place goods in the picking area.

article thumbnail

Top 25 Supply Chains of 2018

Material Handling & Logistics

So the CSR score too is more of a popularity contest than a consistent metric. Enabling collaborative sales, inventory and operations planning are part of the company’s goals, as it seeks to more closely connect with its customers and supply base.

Gartner 81