Supply Chain Shaman

JANUARY 7, 2025

The problem is that the reduction of costs within one function does not necessarily drive value. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. What should we do?

Optimal Sourcing 367

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 367

Logistics Viewpoints

MARCH 26, 2025

They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Companies must react after the fact, often incurring higher costs and reduced service levels. Executives are left making high-stakes decisions with incomplete information.

Supply Chain Planning Software 209

Supply Chain Planning Software Optimal Sourcing Modeling Supply Chain Planning 209

Logistics Viewpoints

FEBRUARY 4, 2025

By placing photovoltaic (PV) panels on the roofs of buildings, warehouses can capture sunlight and convert it into electricity, reducing energy costs and carbon emissions. Robotic arms handle repetitive and intricate tasks such as picking and placing items, whereas drones are employed for inventory management and surveillance.

Supply Chain Design Software 240

Supply Chain Design Software Waste Reduction Resource Reduction Cost Reduction Strategies 240

Logistics Viewpoints

OCTOBER 15, 2024

In the 1940s, Gujarat’s dairy farmers united against exploitative pricing by private firms, led by Verghese Kurien. This laid Amul’s foundation, empowering farmers with fair prices and delivering quality dairy products to consumers at affordable rates. This empowers them to have a stake in the business and share profits.

Optimal Sourcing 284

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 284

Supply Chain Shaman

JANUARY 14, 2025

If they do respond, the most common answer is improving forecast error, customer service, and reducing cost without reflecting uncertainty. The deployment of digital twins to model and simulate supply chain strategies at an executive level is a possibility to consider here. Let me explain the model counterclockwise. Learning is hard.

Supply and Demand 391

Supply and Demand Supply Chain Planning Software Modeling Inventory Reduction 391

Logistics Viewpoints

MARCH 4, 2025

Businesses are responding with production shifts, supply chain diversification, inventory stockpiling, and trade route adjustments in efforts to lessen the financial burden and avoid long-term instability. are expected to rise by $3,000 to $12,000 per car, forcing manufacturers to either pass costs to consumers or cut production.

Mexico 216

Mexico Canada Inventory Reduction Cost Reduction Strategies 216

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital. They are no longer just vendors of goods and services.

Manufacturing Procurement 291

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 291

ivalua

JUNE 12, 2025

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

Cost Reduction Strategies 130

Cost Reduction Strategies Material Savings Expense Reduction Negotiating Skills 130

Supply Chain Shaman

MARCH 21, 2023

Bloated inventories. Tightening of organizational belt-cutting to improve cash. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts.

Inventory Reduction 418

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies 418

ToolsGroup

MARCH 11, 2025

Demand forecasting is a critical strategy for supply chain management that can dramatically improve business decision-making and financial performance. However, securing leadership buy-in for demand forecasting technology requires a strategic approach that clearly demonstrates value.

Forecasting 156

Forecasting Inventory Reduction Forecasting Software Cost Reduction Strategies 156

ToolsGroup

OCTOBER 14, 2024

At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. Belcorp’s demand planning and inventory management were challenged in many ways. This process is essential, as it forms the foundation for defining the optimal inventory level to achieve the highest service level.

Modeling 156

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization 156

Precoro

DECEMBER 24, 2024

Read on to explore key AI use cases in procurement, the challenges businesses face, strategies to overcome them, and the exciting opportunities AI brings for the future. This gives them advance warning so they can adjust their purchasing strategies. Here are the topics we’ll cover at a glance : What is AI in procurement?

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

ToolsGroup

FEBRUARY 24, 2025

Demand forecasting in supply chain management is the process of predicting customer demand, supply trends, and pricing fluctuations. It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. weather, social media trends).

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

ToolsGroup

FEBRUARY 24, 2025

Demand forecasting in supply chain management is the process of predicting customer demand, supply trends, and pricing fluctuations. It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. weather, social media trends).

Forecasting 156

Forecasting Modeling Supply and Demand Forecasting Software 156

Precoro

NOVEMBER 11, 2024

These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. When they’ve found the best option, the procurement team works to negotiate pricing, discounts, and long-term terms.

Pricing Training 105

Pricing Training Expense Reduction Price Reduction Purchasing Training 105

Supply Chain Shaman

MAY 14, 2025

Neils here is some feedback to consider: VMI: Vendor-managed inventory logic enables the downstream trading partner to manage inventories and the sell-through the channel. Demand shaping takes several forms–advertising, price incentives, promotions, and new product launch. The problems are many.

Modeling 320

Modeling Material Savings Supply and Demand Vendor Strategies 320

Supply Chain Shaman

FEBRUARY 4, 2025

Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Functional Metrics and the Lack of Alignment to Strategy. Most focus on cost reduction, assuming that functional cost translates to operating margin. Change is Hard.

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

RFgen

DECEMBER 4, 2024

In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. Additionally, we’ll discuss best practices for optimization and strategies for balancing efficiency with resilience. Technology integration: Leveraging digital tools to enhance visibility and decision-making.

Sourcing Strategies 96

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 96

ToolsGroup

MARCH 25, 2025

Beyond simply improving forecast accuracy, todays ML-powered demand forecasting software uncovers hidden supply trends, anticipates pricing fluctuations, and enables proactive supply chain planning decisions. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.

Supply and Demand 156

Supply and Demand Forecasting Forecasting Software Modeling 156

ToolsGroup

DECEMBER 17, 2024

According to McKinsey & Company and BoF Insights State of Fashion 2025 report, achieving Inventory Excellence is a critical priority for retailers aiming to remain profitable amidst these economic challenges. engines have achieved profit increases of 12% on average, driven by a 25% reduction in stockouts and a 20% increase in turns.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Cost Reduction Strategies 156

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 96

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 96

Logistics Viewpoints

FEBRUARY 7, 2025

For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. Predictive analytics tools enabled by AI are helping organizations optimize inventory management, reduce downtime, and improve demand forecasting.

Logistics Network Optimization Software 194

Logistics Network Optimization Software Cost Reduction Strategies Price Reduction Inventory Reduction 194

Logistics Viewpoints

APRIL 14, 2025

The adoption of AI in supply chain automation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. Use Cases: Spend Analytics: Machine learning models analyze historical purchasing behavior to identify opportunities for cost reduction, supplier consolidation, and policy enforcement.

Optimal Sourcing 225

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 225

ToolsGroup

JANUARY 21, 2025

This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Here are the key insights we gathered firsthand at this year’s event.

Supply Chain Planning Software 156

Supply Chain Planning Software Forecasting Software Inventory Reduction Price Reduction 156

Logistics Viewpoints

APRIL 23, 2025

Supply chain managers will need to assess supplier capacity, evaluate long-term sourcing contracts, and consider geographic diversification to reduce risk associated with seasonality and regional sourcing limitations. Companies may need to revise inventory strategies and adjust procurement lead times accordingly.

Manufacturing Procurement 165

Manufacturing Procurement West Virginia Food Sourcing Strategies 165

GlobalTranz

APRIL 15, 2025

Companies now must make strategic decisions regarding pricing, shipping, supply chains and overall logistics. Create Short-Term and Long-Term Shipping Strategies Tip: To successfully navigate import tariff challenges, it's essential to have both short-term and long-term shipping strategies in place.

Material Savings 156

Material Savings Negotiating Skills Optimal Sourcing Sourcing Strategies 156

Kinaxis

MAY 29, 2025

When tariffs hit, crucial components that were once affordable can become prohibitively expensive, forcing companies to rethink their sourcing and production strategies. With pressure to innovate, especially in the electric vehicle (EV) space, balancing price hikes with consumer demand becomes even more challenging.

Modeling 130

Modeling Optimal Sourcing Manufacturing Procurement Material Savings 130

Logistics Viewpoints

JULY 30, 2024

But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. As companies look ahead to the next three to six months, they’re weighing costs, risks, and demand as they plan and adapt their inventory strategies.

Inventory Reduction 299

Inventory Reduction Real-time Visibility Supply Chain Planning Software Inventory 299

Enterra Insights

DECEMBER 17, 2024

That’s exactly what Kyle Krug , Vice President of Corporate Strategy & Marketing at Legacy Supply Chain Services, suggests. The SAP staff explains, “The good news is that you can now leverage smart technologies and tools to better power increasingly sophisticated supply chain optimization strategies.”

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

ToolsGroup

APRIL 17, 2025

Traditional demand forecasting methods often fall short, resulting in inefficiencies, excess inventory, and lost revenue. Machine learning is transforming the demand planning process, enhancing demand forecast accuracy, optimizing inventory management, and strengthening supply chain resilience. Key advantages include : 1.

Forecasting 156

Forecasting Modeling Supply and Demand Optimal Sourcing 156

The Logistics of Logistics

OCTOBER 30, 2023

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).

Optimal Sourcing 278

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 278

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories.

Supply Chain Planning Software 383

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 383

GlobalTranz

MAY 20, 2025

When tariffs rise, fuel prices spike or international trade agreements shift, those cause ripples across all freight modes — truck, air, rail and ocean. They offer flexible service and cost-effective pricing, especially for domestic shipments. It's a critical part of many 3PL supply chain strategies.

3PL 156

3PL Negotiating Skills Supply Chain Design Software Supply Chain Planning Software 156

IQMS

APRIL 4, 2025

Faced with continuing inflation, manufacturers are seeking strategies to contain per-unit costs while maintaining margins. Compounding the challenge are information gaps across supply chains that can cost manufacturers lost time, productivity, margin erosion, price reductions, and missed shipment dates.

Price Reduction 52

Price Reduction Material Savings Inventory Reduction Vendor Strategies 52

ToolsGroup

NOVEMBER 12, 2024

ToolsGroup was named the leader in the 2024 SPARK Matrix™for Retail Forecasting and Replenishment for its ability to optimize demand forecasting and deliver more strategic pre- and in-season replenishment and allocation strategies in complex retail environments. For more available research, please visit [link].

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 156

Kinaxis

JUNE 11, 2025

Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility. They should also adopt rolling sourcing contracts with dynamic pricing clauses based on tariff exposure. Every major industry now faces a unique supply chain challenge.

Pharmaceutical 173

Pharmaceutical Modeling Negotiating Skills Purchasing Skills 173

Kinaxis

MAY 16, 2025

Shoppers coping with inflation have shifted buying habits , purchasing fewer goods and cutting back on big name brands in favor of cheaper alternatives. Short-term consumer product strategies for tariffs and regional demand shifts In the short-term, U.S. As tariffs expand, be prepared to mirror these strategies in other regions.

Beverage 130

Beverage Price Reduction Cost Reduction Strategies Canada 130