Remove 2023 Remove Eliminating Excel in Purchasing Remove Inventory
article thumbnail

Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

We purchase data from Y charts. (A We have archived corporate reporting from Y charts for 1982-2023. Studying Performance of the Gartner Top 25 Award Winners Plotting corporate patterns against peer group performance through orbit charts enables a quick understanding of supply chain excellence. Consider Lenovo in Figure 1.

article thumbnail

Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

Today, we published The Supply Chains to Admire for 2023. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. An average margin of 21% with inventory turns of 1.58

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top Supply Chain Challenges for CPG companies in 2023

Logistics Viewpoints

The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable. CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. each with discrete plans generated typically in sequential batch runs.

article thumbnail

How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

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. I observe that organizations are unclear on outcomes and the definition of supply chain excellence. The reason?

article thumbnail

Aligning Supply Chain Metrics to Improve Value

Supply Chain Shaman

In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. They do not excel in planning or forecasting.

article thumbnail

Supply Chain Resilience. Really?

Supply Chain Shaman

Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. No technology in the market measures inventory health. My conclusion?

article thumbnail

Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. 2022 ocean schedule reliability dropped to 30%.