Top 3 Supply Chain Planning Buzzwords

Kinaxis

When it comes to supply chains, certain words seem to be bandied about like the ball at a championship tennis match. Back and forth, over and over, these supply chain buzzwords seem to have an endless lifespan. But are they just creative marketing spin (after all, developing them is kind of part of the job), or is what they stand for actually making a difference in your supply chain planning?

Supply Chain Planning with Microsoft Dynamics AX

ToolsGroup

But growth poses supply chain planning (SCP) challenges. This invariably leads to manual interventions and firefighting, as you struggle to manage demand volatility and improve forecast accuracy while dealing with the limitations of a basic supply chain system. For more on this topic, see When SMBs Hit the Inventory Planning Complexity Wall ). Struggling to identifying the right mix of inventory to serve multiple channels (e.g.,

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How Supply Chain Planning Can Create Profit in a Declining Market

ToolsGroup

Trends and other market forces that impact commercial opportunities need to appear on the planning radar. Therefore, traditional push-driven supply chains are wholly unfit for this situation. 1] Mohawk sought to profit from the resurgent demand for ‘ analog experiences ’ by owning the fine paper space and transforming its extended supply chain. They also cut inventory levels, grew sales and resolved capacity issues.

Supply chain planning – it’s time to get personal

Kinaxis

Supply planning – to profitably align supply with demand. When I was planning supply, it wasn’t unusual to have a dinner interrupted, a weekend cut short or a vacation disturbed. It wasn’t a surprise when a supplier shipped late, a machine was suddenly overloaded or a demand planner informed you that you were working off the wrong demand plan. This meant it took too long for supply planners to understand the impact of demand changes.

Bad habits in retail supply chain planning

The Network Effect

” This is especially true in the world of retail supply chain planning. This month, we’ll explore a bad planning habit that is particularly insidious, because it is often treated as best practice in a non-Flowcasting world: Using the forecast as a “joystick” to control product flow. In a reorder point world, there is little means to plan these types of things in advance. It drives labour planning at the stores. The People Speak!/Flickr.

Winning strategies to defeat supply chain planning complexity

DELMIA Quintiq

You’ve just been analyzing your supply chain’s performance over the last 2 quarters. You need immediate insights – from people who’ve experienced the same problems in their supply chain planning. With the supply chain planner’s playbook , you’ll have in your possession a trusted guide that combines the expertise of supply chain professionals and industry leaders. Optimizing inventory in S&OP.

Machine Learning in Supply Chain Planning

Logility

The evolution to using artificial intelligence and machines that learn in supply chain planning is inevitable. In fact, there are early examples of the potential of AI to improve both supply chain planner efficiencies and provide better or optimized supply chain decisions. Still typing “Machine Learning AND Supply Chain Planning” into Google delivers more 16,000 results in less than half a second. Are we ready?

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

ToolsGroup

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports. It’s great to know what inventory is aging and what might need to be written off, marked down or transferred. Too often, inventory levels are a result of human emotion.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

All I Want in My Easter Basket is a Supply Chain Planning System of Record

Logility

Supply chain professionals are asked on a daily basis for what can seem like miracles: improve customer service and reduce costs, do more with less. Specifically, what does your supply chain team use to manage supply chain planning? In many cases you will discover that processes like demand, inventory, replenishment, and manufacturing planning are limited by a lack of software capability.

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

3 Step Beginner Guide to Supply Chain Planning

AFFLINK

There’s a seemingly endless supply of information out there on supply chain planning, but a lot of it seems to assume you’re already an expert. If you need a crash course in Supply Chain Planning 101, we’ve got you covered. Supply chain management is a big topic. Strategic Planning. Strategic planning involves big-picture, long-term decisions. What will your priorities be throughout your supply chain?

Calculating the Projected ROI on your Supply Chain Planning Project

Arkieva

So you have been working with your team and possibly a few external vendors in order to get some improvements done in your supply chain planning. Perhaps, this has to do with buying a software or maybe it has to do with process improvements within your supply chain planning process. Supply Chain Planning projects need a good ROI calculation because, in many cases, management (still!)

A Real-Life Supply Chain Planning Lesson Unfolds at Restoration Hardware

Demand Solutions

According to a recent Wall Street Journal article , the upscale furniture retailer is struggling to stock and ship many of the pieces in this new line. The article cites the examples of a desk that won’t ship until October and a lamp that won’t ship until June. You guessed it: poor supply chain planning. The Anatomy of a Supply Chain Planning Disaster. Anyone Still Think Supply Chain Planning Doesn’t Matter?

What Is Demand Sensing and How Do You Get Started?

ToolsGroup

“Good old supply chain. said no VP of supply chain ever. . Extending supply chain visibility by looking for patterns in point-of-sale (PoS), promotion, social media, NPI, weather, IoT, internet search and economic data to make near-term improvements to your forecast and inventory placement. Win time” with earlier demand insights so you can better input supply signals. Make better use of existing inventory in the short-term.

A Real-Life Supply Chain Planning Lesson Unfolds at Restoration Hardware

Demand Solutions

According to a recent Wall Street Journal article , the upscale furniture retailer is struggling to stock and ship many of the pieces in this new line. The article cites the examples of a desk that won’t ship until October and a lamp that won’t ship until June. You guessed it: poor supply chain planning. The Anatomy of a Supply Chain Planning Disaster. Anyone Still Think Supply Chain Planning Doesn’t Matter?

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge.

A Different Solution to the Supply Chain Talent Shortage

ToolsGroup

“78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. There is a lot of documented evidence of a shortage in supply chain talent. John Kern, senior vice president of supply chain operations at Cisco Systems says that as companies look for the skills to build complex global supply chains, the industry “is undergoing one of the most massive talent shifts we have ever seen,”.

3 Step Beginner Guide to Supply Chain Planning

AFFLINK

There’s a seemingly endless supply of information out there on supply chain planning, but a lot of it seems to assume you’re already an expert. If you need a crash course in Supply Chain Planning 101, we’ve got you covered. Supply chain management is a big topic. Strategic Planning. Strategic planning involves big-picture, long-term decisions. What will your priorities be throughout your supply chain?

Merchants Market Group Implements Blue Ridge Supply Chain Planning Technology

Blue Ridge

Enables leading Caribbean food service distributor to accurately forecast seasonal demand patterns and precisely align inventory levels at every distribution center. Blue Ridge , a global leader in cloud demand forecasting , planning, replenishment, allocation and analytics, today announced Merchants Market Group will implement Blue Ridge Supply Chain Planning.

Lolli & Pops Implements RELEX’s Supply Chain Planning Solution to Sweeten Their Inventory Planning

RELEX Solutions

RELEX Solutions, provider of unified retail planning solutions, today announced that Lolli & Pops, a rapidly growing retailer offering sweets and treats sourced from around the world both in stores and online, has gone live with RELEX’s supply chain solutions to automate and optimize inventory forecasting and replenishment. Without a distribution center, all inventory ships directly from vendors to stores which further complicates the vendor ordering process.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

Yesterday, I finished a post on supply chain planning maturity. A client had asked me, “How do I know if we have a mature supply chain planning organization?” ” As we talked, and I drew the table, the first question was followed by, “How do I help my executive team understand the importance of planning and their role in the process?” ” Planning leadership is a problem for most organizations.

Customer-Centric Supply Chain Planning: The Difference is in the Details

Arkieva

Similarly, when it comes to customer-centric supply chain planning, technology advancement has led to a heightened customer expectation. Therefore, a true customer-centric supply chain initiative will need to go beyond the norm. Customer-centricity requires a continuous improvement plan that is centered around your customers and customer data segmentation. What is a Customer-Centric Supply Chain? The Arkieva Supply Chain.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

As supply chain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” The discussion of customer-segmented supply chains happens often. Most supply chain planning teams do not know their customers. SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.

Why You Should Embrace Uncertainty in Demand Forecasting

ToolsGroup

As such, we tend to put all our planning effort into making better predictions. This explains also why supply chain planners struggle to improve their forecasts and end up hitting a ceiling. Uncertainty prevails in supply chain – much more so than in football. The increase of demand volatility in today’s markets explains why supply chain leaders tend to believe that their primary supply chain problem is forecast accuracy.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Food for thought: Time for a different kind of supply chain. Continued economic growth, customer preferences (especially those of the millennial generation), the rise of ecommerce and the Amazon channel, increased product choices and newer product categories in the marketplace are all driving the need for efficient and effective supply chain networks to support customer demand. What is vendor-managed inventory? Better transportation planning.

Two Kinds of Supply Chain Risk and How to Prepare for Them

ToolsGroup

When most people think of supply chain risk, they often think about the impact of major unforeseen “headline grabbing” events - like the tsunami in Japan impacting automotive supply chains or horse meat making its way into British beef supplies. But there is another kind of supply chain risk that isn’t as newsworthy and yet can also be important to the company. That was when I really knew we truly had a ‘worry-free’ supply chain.”

Probabilistic Forecasting Can Extend the Life of SAP APO

ToolsGroup

In today's market, demand management success is like the flip of a coin," says Laura Cecere, founder and CEO of Supply Chain Insights. “We Cecere says that c ompanies using demand planning software from ERP vendors have an even lower satisfaction rate. When using the older top-down approach, a high-level forecast is made and then rather arbitrarily allocated down to an item-location level for inventory and replenishment—the level at which business decisions are taken.

Optimizing Inventory Management for Online Retail

RELEX Solutions

While traditional inventory limits may not apply to many online retailers, they still need to make smart, data-driven decisions about what to stock if they want to attract and retain a loyal customer base. E-commerce inventory management should never be approached as a one-time or even as a periodic decision. Online retailers should be applying the wealth of data available to them toward a fact- and cost-based inventory model. Supply Chain Planning

Redesign to Improve Value: A Case Study of a Supply Chain Leader

Supply Chain Shaman

This week, I will speak at Llamasoft’s conference on improving supply chain network design. One of the reports that I am writing is on the state of Supply Chain Planning (SCP). In the recent study of the Voice of the Supply Chain Leader , we find that the gaps are large, and growing. As shown in Figure 1, the gaps with the major categories of supply chain planning are great. Most companies inherit supply chains.

How can you prepare your supply chain for disruptions?

DELMIA Quintiq

Companies using West Coast ports had to spend additional millions to cover extra inventory costs and shipping delays. Labor disputes, bad weather, and IT outages are just some examples of disruptions that could affect an otherwise well-designed supply chain. What you need is a supply chain that is designed to be resilient in the face of disruptions. But what makes a supply chain resilient? Contingency plans. Optimized plans.

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. They are not the same, and the delivery of a demand-driven strategy does not mean the company will enable a customer-centric supply chain, or build/implement outside-in processes. Attribute-Based Planning.

Replenishment in a Shelf-Connected Supply Network

The Network Effect

Note: This is the next installment in an ongoing series that explores shelf-connected supply networks. Today’s cloud platforms can support the advanced forecasting methods we’ve discussed in previous posts, but the best ones go step further, by enabling both planning and execution in a seamless transactional flow. The result is there is no disconnect between planning to do something and then actually doing it!

DC 179

Your shelf-connected checklist: How Demand-Driven are you?

The Network Effect

The terms “shelf-connected” and “demand-driven” have been in use for years within the supply chain community. The prevailing strategy that traditional ERP/MRP vendors have focused on to achieve being shelf-connected is to implement Collaborative Planning, Forecasting, and Replenishment (CPFR). Explanation: In CPFR the collaboration is primarily related to future demand and supply and limited to structured data. Multiple supply chain echelons (e.g.

Why are Inventory Optimization Algorithms Important?

Valogix

There are a lot of inventory planning solutions from all around the world. How many offer real inventory optimization and why is this important? There are many reasons why inventory optimization is critical for conducting business in today’s ever challenging economic and consumer-oriented climate. An advanced supply chain planning system should also rationalize the inventory levels and investment in light of the expected demand and other variable conditions.