Logistics & SCM, PLM, Manufacturing, and Procurement 2016

Supply Chain Movement

Logistics & SCM, PLM, Manufacturing, and Procurement 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Logistics & SCM, PLM, Manufacturing, and Procurement 2016, sponsored by SAP, is the most important educational event of the year for organizations using SCM, PLM, manufacturing, and procurement solutions to fortify their business operations and infrastructure with proven methodologies and measurable, value-driven results.

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What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Procurement? The term was coined over 35 years ago but still to this day there are a large number of different definitions of SCM. To someone who is starting out their career, or who is new to the field of Supply Chain, it is understandable that there may be confusion as to the definition of SCM. Are they really that different or are there just subtle nuances in what some people consider SCM that others do not? Subscribe Here! Email Address.

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Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

Blockchain: The Technology Reshaping SCM!

Supply Chain Game Changer

especially procurement and logistics?—?in If SCM tech were a summer reading list, Blockchain would be the Twilight trilogy. For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. Blockchain technology won’t just enhance the way procurement and logistics professionals work today; it poses the ability to reshape the functions entirely. Blockchain in Procurement. Subscribe Here!

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Trends & Strategies in Logistics and SCM

Supply Chain Movement

Solutions focused on improving transparency of tier two suppliers, inventory and demand impede mitigation and force companies into reactive strategies. Proactive strategies should include research and development, procurement, production and sales. 2013 Trends and Strategies in Logistics and Supply Chain Management: Embracing Global Logistics Complexity to Drive Market Advantage.

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What is Change Management’s Role in the Digital Transformation of SCM?

Supply Chain Game Changer

The digital transformation of supply chain management, more specifically procurement and sourcing functions, is becoming a part of the new normal in business. The book is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s triumphs and failures. Value is starting to be created, and your organization can feel the impact of your digital procurement strategy.

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What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. SCM systems provide a strategic advantage and business insight to companies and their operations. SCM Fundamentals.

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Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by a customer. Subscribe Here! Email Address.

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SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

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. In my research, I find that the companies with the most progressive procurement processes also have the most advanced customer supply chain process evolution.)Without

Inventory Turnover – A Formula For Achieving Game Changing Results!

Supply Chain Game Changer

As we have discussed in other blog posts we have tackled Inventory Turnover several times, amongst many other challenges. Your challenge may be trying to improve Inventory performance or trying to create a transformational improvement in some other area. We have referenced the application of these principles to the task of improving Inventory turnover performance. Check out Inventory Turnover Breakthrough (Part 3) – Double Turnover In 9 months! .

OPTSUM 2015: Where SCM meets Science

Supply Chain Nation

Sreedevi Gannae and Vishal Agarwal from Cognizant provided insight on how predictive analytics is transforming procurement through the five pillars, namely: price forecasting, cost modeling, spend and contract optimization, risk modeling and behavioral analytics. Constraint programming for mixed integers, sequential decision models for inventory optimization, machine learning using python, and insights using big data were thoroughly discussed and debated.

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. I worked in Materials Handling, Packaging Engineering, Warehouse Space Planning, Resource Planning, Procurement, Inventory Management and Control, Production Control, Systems Management and other areas. SCM involves the flow of materials, finances and information.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs.

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Using Lean Management for Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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Why Most Supply Chains Need an Upgrade and What to Look for in a Solution

OneSCM

For mid-market companies still using manual supply chains, especially in Procurement/AP operations, now is a fantastic time to consider automating these time-consuming and error-prone practices. For example, a recent Deloitte study , “Charting the course: Why procurement must transform by 2020,” shows that procurement organizations are experiencing a dramatic shift that the study calls “eye-opening.” inventory turns, while the rest achieve only 3.8

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Do You Want Inventory Turnover Breakthrough? Define and Manage The Levers!

Supply Chain Game Changer

Check out World Class Inventory Turnover Breakthrough Elements! Taking a holistic approach in order to achieve Inventory Turnover Breakthrough results meant that I needed to consider the End To End Supply Chain. In thinking about the End To End Supply Chain it was necessary to define all of the aspects that impact Inventory levels. In short I needed to be able to manage: All of the levers that control the rate at which Inventory is brought in to the company.

Confessions of a High Priced Expediter!

Supply Chain Game Changer

We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management. Ordering extra inventory is a stop gap solution which will cause other problems down the road. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. © Copyright Mortson Enterprises Inc, 2018. SCM #SupplyChain #Logistics #Distribution #Procurement. Subscribe Here! Email Address.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases. Subscribe Here! Email Address.

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. Picture an airport control tower, but for supply chain management: staffed 24/7, full of large screens full of 3d graphical representations of potential bottlenecks and inventory shortfalls all the way from order to delivery. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3. (10%). Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2 Inventory Turns: 2017 cost of goods sold/2017 quarterly average inventory. Check out Blockchain: The Technology Reshaping SCM!

Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance. I use the term Commodity Management to represent the strategic procurement of materials regardless of what specific industry or company vernacular you may use. Subscribe Here! Email Address.

How To Differentiate With A Supplier Relationship Management (SRM) Program!

Supply Chain Game Changer

All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. The classical model is called a “Bow-Tie Model” as the engagements between the sales and procurement representatives always go through them – a single control point structure that resembles a bow-tie. The sourcing or procurement function will own the relationship and manage the overall process. Subscribe Here!

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. The management of the Sales, Inventory and Operations Planning (SIOP) process within a company dictates the entire tactical and strategic planning of resources at all levels. Subscribe Here! Email Address.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. SCM #SupplyChain #Business #Leadership #Logistics #Distribution #ECommerce #Retail #Freight #TMS. Subscribe Here! Email Address.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics.

4 Challenges in Starting and Sustaining a SIOP Business Process

Supply Chain Game Changer

A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. The Procurement/Supply Chain team needs to order the materials and manage inventory levels. And they are making commitments about the amount of cash and inventory that are needed to meet forecasts. Subscribe Here!

Inspirational Supply Chain Quotes

Supply Chain Game Changer

Bottlenecks govern both throughput and inventory.” ~ Eliyahu M. Quotes #Leadership #SupplyChain #supplychainmanagement #scm. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Leadership Quotes SCM supplychain supplychainmanagementSubscribe Here! Email Address. Article originally published and provided by [link]. Check out Inspiring Olympic Quotes! “If

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Procurement they did a lot of benchmarking and highlighted deficiencies in our materials costing and pricing processes, and the resultant uncompetitiveness and financial shortfall that resulted therefrom. Cash constraints, and borrowing money to fund operations and finance inventory. Subscribe Here!

Are You on the Supply Chain Naughty List or the Nice List this Year?

Supply Chain Game Changer

A data entry error somewhere along the way overstates your inventory on a part which you find out when you go to get the part on a warehouse shelf and its not there. supplychainmanagement #logistics #freight #procurement #purchasing #SCM. Freight and Logistics Human Resources Procurement Supply Chain Management Freight Logistics Purchasing SCM supplychainmanagementSubscribe Here! Email Address. Check out Is Your Supply Chain A Cost Centre or a Value Creator?

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. The problem is that when I examine balance sheets over the last decade, as shown in figure 1, I find that only high-tech and electronics industries have reduced inventories year-over-year.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. The SAP solution is better than the Oracle SCM solution for planning. So, why do I not believe in SAP SCM 7? Why am I so bold as to pen an article to state that the investment in SAP SCM 7, and the migration from SAP APO, is a risk to your business?

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

I then recommend that the business augment the SAP SCM functionality using best-of-breed, industry-specific optimization. Why I Believe SAP SCM Is a Risk to Your Business. So, it is in their best interest to support the implementation of SAP SCM software.). The SAP solution is better than the Oracle SCM solution for planning. So, why do I not believe in SAP SCM 7? 1) SAP SCM 7 Is a Poor Supply Chain Planning and Optimization Technology.

Is S&OP an expensive band aid?

Kinaxis

Islands of information: Over the last two decades organizations made quite a bit of investment into Supply Chain Management (SCM) systems. These systems span across functions such as demand planning, supply planning, inventory planning, etc. Majority of the established vendors in the SCM space have grown into these disparate planning functions through acquisitions. Sales and operations planning (S&OP) Supply chain management S&OP Sales and operations planning SCM

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Why a network model makes sense for today’s automotive suppliers

The Network Effect

In fact our supply chains aren’t really chains at all, they are logical networks comprised of multiple enterprises and trading partners operating across multiple physical tiers who need visibility across the network to orders, shipments, and inventory. This transaction is represented by the “procure to pay” cycle. Auto Many-to-Many Network SCM cloud many-to-many network