Supply Chain Shaman

DECEMBER 28, 2020

My goal is to convince you to ground supply chain processes and technology implementations in data analysis while tying the results to the improvement in corporate performance. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory.

Inventory Reduction 403

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 403

Supply Chain Shaman

SEPTEMBER 3, 2015

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.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

JUNE 9, 2023

The demand must be embraced as a flow, not an analysis of time-phased data, to drive better insights. With the rise of logistics and procurement constraints, an analysis of only manufacturing does not yield a feasible plan. MRP Alone Is Not Sufficient for Procurement. I term this bi-directional orchestration. The reason?

Optimal Sourcing 306

Optimal Sourcing Supply Chain Planning Software Supply and Demand Manufacturing Procurement 306

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. Assess the quality, granularity, timeliness, and relevance of each data source to determine its suitability for AI-driven analysis.

Optimal Sourcing 274

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 274

Supply Chain Shaman

SEPTEMBER 20, 2015

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. While they have actively worked on the implementation of a cost-to-serve analysis. It is systemic.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 317

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 292

Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Evaluate Inventory. Simplify Product Portfolio.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

Supply Chain Shaman

FEBRUARY 1, 2024

Rolling up a perpetual inventory signal takes eleven hours. Through the use of a NoSQL unified data model, the company is able to now move data within 15-minute increments improving the data flow for inventory availability to improve allocation and ATP processing. days to get a perpetual inventory signal and 2.2

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

Supply Chain Shaman

AUGUST 12, 2020

The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. As a research leader at AMR Research when I voiced the concern for a more rigorous peer group analysis in prior meetings, I hoped for a better outcome.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Silvon Software

APRIL 19, 2022

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. A decrease in the compliance rate results in an increase in indirect procurement or maverick spending.

Optimal Sourcing 124

Optimal Sourcing Procurement Analytics Manufacturing Procurement Negotiate Pricing 124

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 19

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 19

Supply Chain Shaman

SEPTEMBER 13, 2023

I know that your primary focus is procurement. If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? Only 2% of companies are pushing forward in our Supply Chains to Admire analysis. ” Anna, this blog post is for you.

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have also learned that you need a large data pool to derive the type of analysis that I want to publish. They are slow to adapt.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Can you help us with what you see in the data?” ” Yes, I said.

Optimal Sourcing 302

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 302

Logility

MAY 25, 2022

Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. According to Gartner analysis 1 , supply chain leaders should build an organization that orchestrates end-to-end planning, mitigates or resolves risks, and supports current and future business needs.

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Click here!

Inventory Reduction 90

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 90

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 268

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 268

SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 293

Supply Chain Shaman

FEBRUARY 28, 2021

Procurement Operates On An Island. Business process outsourcing and procurement automation evolved to make the procurement organization more efficient and less effective. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. The reason? Broad Strokes.

Supply Chain Planning Software 373

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 373

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 98

Supply Chain Shaman

JANUARY 31, 2022

The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. In addition, Lucas used inventory as a slush fund to make quarterly earnings.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

DECEMBER 6, 2013

The new vision will not come from sales talking to procurement buyers. Align incentives to focus jointly, and across the organization, on revenue, margin, inventory turns, and customer service improvement. Do you think that I missed anything in my analysis? I think that this is a mistake. The vision is too limited.

Supply Chain Design Software 293

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Modeling Software 293

Supply Chain Shaman

JUNE 14, 2018

Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. And, while inventories in automotive have decreased slightly, this progress is primarily due to the shifting of inventory back to suppliers versus overall value chain improvement.

Optimal Sourcing 173

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 173

Logistics Viewpoints

FEBRUARY 20, 2024

The requirement to constantly switch sourcing has major implications: procurement is negatively impacted by volatile volumes and manufacturing is affected by changing regional permits for labeling. The manufacturing capacity for each plant is the same (90K units per month), and there are no maximum inventory constraints.

Sourcing Strategies 266

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 266

Logistics Viewpoints

APRIL 3, 2023

But we’ve always been building out this technology with the thought of being able to do other things around procurement, finance, and revenue management.” Even if a company does a pareto analysis and addresses 80% of the exceptions, that 20% of issues unaddressed leaves a lot of money on the table.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 290

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

ivalua

FEBRUARY 25, 2021

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies.

Supply Chain Planning Software 221

Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software Supply Chain Software 221

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 184

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 184

Logility

SEPTEMBER 7, 2023

The Traditional Role of Demand Planners  Historically, demand planners focused on data analysis, cleaning outliers, and selecting appropriate forecasting models. This enhanced accuracy helps organizations optimize inventory levels, resulting in a reduction in excess stock and minimized stockouts.

Supply and Demand 197

Supply and Demand Modeling Demand Planning Demand Planning Software 197

Supply Chain Shaman

FEBRUARY 14, 2022

They gave lip service to the need for IT standardization, but ran their process on a custom built model that enabled reverse bill of material, and profitability analysis. They were ahead of their time on simulation analysis and cross-functional orchestration.). Let’s start with inventory. So, why are inventories higher?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 94

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 94