Which supply chain planning processes should we automate?

ToolsGroup

Now that more companies are embracing supply chain planning productivity and automation, many firms are asking which processes they should automate. Gartner says that the attitude towards supply chain planning productivity and automation has changed dramatically. These are areas, they say, that can be run quite autonomously , sometimes known as “low touch planning” or “ algorithmic planning.”. Conscious supply chain planning at the top.

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

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Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. The company is moving from location-based planning to a global planning model, including a complete revamp of its supply chain planning operations to processes organized by product and factory. Inventory planning was local.

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.,

What’s Wrong with Aftermarket Parts Supply Chain Planning?

ToolsGroup

What’s wrong with aftermarket supply chain planning really has nothing to do with planning, but with management expectations. There is a reoccurring conversation in the parts industry that suggests that demand and distribution in this space is so complex that companies need to settle for less – lower customer service levels, fewer inventory turns, more obsolete or stranded inventory, and ultimately less contribution to corporate profitability.

Supply Chain Planning in the Digital Age

Enterra Insights

In 2017, Gartner introduced a Supply Chain Planning Maturity Model with five planning stages. In the lowest stage (Stage 1), supply chain planning is inside-out, fragmented, local, unconstrained, and focused on revenue. In Stage 2, supply chain planning remains inside-out but achieves functional scale, local optimization, and focuses on reducing costs. Stage 3 straddles the line between inside-out and outside-in planning.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. Drivers of supply chain planning digitization vary significantly by company, with 42% identifying increased operational efficiencies (e.g. PRESS RELEASE.

Study 131

The Challenge of “Click and Collect” Supply Chain Planning

ToolsGroup

Think of a vending machine-type setup in the airport that sells travel supplies like headphones and travel pillows. The idea of the locker is the latest addition to the growing menu of e-commerce delivery options,” says Kent Savage, CEO at Apex Supply Chain Technologies. “It Supply chain planning can address this added complexity.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability.

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

What is supply chain planning? A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Supply chain planning is the process of accurately planning the journey of a material or a product right from the raw material stage to the final consumer. The process involved in supply chain planning.

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

What is supply chain planning? A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Supply chain planning is the process of accurately planning the journey of a material or a product right from the raw material stage to the final consumer. The process involved in supply chain planning.

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.

Integrated Supply Chain Planning – The Number 1 Opportunity

Enchange Supply Chain Consultancy

Enchange has been working with many FMCG and Pharmaceuticals multinationals for years on projects to improve their primary supply chains. For the sake of clarity, by “primary supply chain” we mean all processes (e.g. planning, sourcing, manufacturing, etc.) up to the point that finished goods are in the producers’ warehouse before the stock is sold to customers. Some people also refer to the latter as the secondary supply chain.

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. .

Supply Chain Planning for the Busy Holiday Season

AFFLINK

Many businesses make the majority of their sales during the holiday season, which is a perfect time to get ahead of managing their supply chains. A sharp spike in any supply chain can lead to disruption, and if a business hasn't planned ahead, they could suffer a potential loss in sales, as the economy as a whole will be churning much faster. The Major Challenges to Holiday Supply Chain Management. Running Out of Inventory.

Robots in the Building: The Positive Influence of AI for Supply Chain Planners

ToolsGroup

Have you looked at a job listing for a supply chain planner recently? According to Harvard Business Review , “B y collaborating in roles such as supply chain planning and inventory management, the combined power of humans and machines will create new sources of value for businesses.”. Supply Chain Planning: An Ideal Match for AI. Just one full-time planner now handles all planning for the Absout Vodka global brand.

Optimization and Execution: How Manufacturing can lead the Industry Renaissance

DELMIA Quintiq

In addition to adapting strategic operations, manufacturing companies also require a tactical ability to plan and execute flawlessly at the facility level. Only purpose-built solutions deliver realistic plans that can meet customer orders while managing the variability of supply and demand. Manufacturing Operations Management (MOM) and Planning & Optimization are both critical parts of the optimal solution.

Why Individual Retail Stores Shouldn’t Order Their Own Inventory

ToolsGroup

In the old days, each store knew best what inventory it needed to keep shelves stocked and customers satisfied. But with today’s product proliferation and demand complexity—including now often the need to operate as a satellite fulfillment center for orders rung up online—it’s more difficult for individual retail sites to create accurate forecasts and optimize their inventory and replenishment process. The system fine-tunes the forecasts and supply plans with demand sensing.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

McDonald’s Mesoamérica Supply Chain Response to COVID-19

ToolsGroup

Businesses around the world are learning to adapt as best they can to the COVID-19 supply chain impact. Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supply chains. The number-one defense against this radical uncertainty is a resilient supply chain that’s ready for anything. If you do the math there, you have to make 748,000 inventory decisions per month.

3 Steps for Making Digital Transformation Happen in Supply Chain Planning

Solvoyo

In the Supply Chain Planning context, these include decisions about which products to keep in stock, where to keep them, when to replenish them, how to improve service levels for customers, how to liquidate excess stock in the most profitable way, how to respond to changes in customer demand in the most agile way, and etc. Bringing Agility into Supply Chain Management. This goes for Supply Chain Management and the surrounding IT infrastructure as well.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. The basic approach to inventory optimization.

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Study 4: Create Multiple Plans for Resource Utilization .

Warehouse Management Software – A Blueprint for Warehouse Excellence & Inventory Management

ThroughPut

What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. It helps manufacturers effectively control and administer warehouse operations right from the entry of goods or materials into the warehouse until they move out.

Warehouse Management Software – A Blueprint for Warehouse Excellence & Inventory Management

ThroughPut

What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. It helps manufacturers effectively control and administer warehouse operations right from the entry of goods or materials into the warehouse until they move out.

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.

Robots in the Building: The Positive Influence of AI for Supply Chain Planners

ToolsGroup

Have you looked at a job listing for a supply chain planner recently? According to Harvard Business Review , “B y collaborating in roles such as supply chain planning and inventory management, the combined power of humans and machines will create new sources of value for businesses.”. Supply Chain Planning: An Ideal Match for AI. Just one full-time planner now handles all planning for the Absout Vodka global brand.

Resilient Supply Chains: Are We Poised for the Next Era in Planning?

ToolsGroup

Supply chain planning concepts have been around for nearly half a century, but now many converging factors and technologies are ushering in a new era for this mature supply chain solution. We believe Gartner’s report, “Mastering Uncertainty: The Rise of Resilient Supply Chain Planning”1 takes a challenging stance by imploring supply chain leaders to adapt their planning strategies to better navigate today’s unpredictable markets.

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.

The Benefits of Adopting RFID in Supply Chain Planning

RELEX Solutions

Though possible for use on cages or totes in a warehouse, the reading technology was also not particularly advanced, and the Faraday’s Cage effect of racking meant accurately tracking tags was difficult. There are a number of important areas in retail between security, asset management and supply chain: Real-time tracking of inventory in the warehouse, in transit and in-store. Inventory accuracy is even more valuable in an inventory management environment.

Is it time to say goodbye to RFIs?

AIMMS

Supply chain software is changing. As someone who has worked in supply chain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. Define inventory policies .

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.

Supply chain hangover: how to avoid software deployment mishaps

Kinaxis

Ontario residents, brewers and unions complained on social media after a June update to the Liquor Control Board of Ontario’s (LCBO) warehouse management software left alcohol in warehouses instead of on store shelves. Here are three lessons to keep in mind before updating your supply chain planning software: Lesson one: Don’t make major changes to your supply chain software during your peak season.

When SMBs Hit the Inventory Planning Complexity Wall

ToolsGroup

Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock. Yet for many SMBs, inventory complexity is getting worse. As complexity grows, so do the challenges of managing inventory.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Bob Ferrari of Supply Chain Matters recently pointed to The Sports Authority bankruptcy as one indication. Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost. Inventory Optimization Multichannel