Logility

MAY 10, 2022

Smart inventory allocation and deployment starts with the right digital supply chain platform. For most businesses, the past two years have been a much-needed teaching moment on the state of their inventory planning, tracking, and management capabilities. Decades-old, tried-and-true rules ?

Optimal Sourcing 173

Optimal Sourcing Optimization Software Inventory Reduction Supply Chain Planning Software 173

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 285

Supply Chain Shaman

JUNE 3, 2024

For example, today, I had an interesting discussion with a client on the dilemma of Shadow IT and 200 planners having a number of planning technologies but using visual analytics. How does the plan tie to the balanced scorecard of growth, inventory health, operating margin, customer service, and Return on Invested Capital (ROIC)?

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 343

ToolsGroup

JANUARY 21, 2020

ToolsGroup supply chain planning software allows Allopneus.com to improve inventory quality while reducing storage space at its national distribution center by almost 20%. As a result, we need to have more than 20,000 SKUs in stock,” explains Pierre-Jean Coltat, procurement and planning manager at Allopneus. NEWS RELEASE.

Optimal Sourcing 35

Optimal Sourcing ToolsGroup Inventory Reduction Optimization Software 35

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. The use of channel data into advanced analytics to sense demand.

Optimal Sourcing 302

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

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Advanced and predictive analytics. Advanced and predictive analytics are deployed in real- or near-real time. That’s an increase from 17% in 2017.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

JULY 31, 2024

In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.

Supply Chain Planning Software 323

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 323

Logistics Viewpoints

AUGUST 5, 2021

If we don’t plan better, efforts in procuring sustainable palm oil, making medicine with less carbon, or delivering to customers with electric vehicles can still be built on top of inefficient processes that waste the savings we made. Reducing inventory saves money but also reduces waste, because obsolete inventory becomes another problem.

Supply Chain Planning Software 317

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 317

SCMDOJO

JANUARY 23, 2023

If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

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? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain.

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

ToolsGroup

MAY 13, 2019

ToolsGroup helps companies like Absolut, American Tire Distributors, Harley Davidson, Lennox and Thule profitably balance service and inventory despite increasing demand uncertainty. “I Barton brings over 15 years of experience leading high-growth SaaS solution teams in the supply chain, procurement and content management markets.

North America 48

North America ToolsGroup America Supply Chain Planning Software 48

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Supply Chain Network Software 255

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 255

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

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

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. I think that the answer is no.

Inventory Reduction 403

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

Supply Chain Shaman

MAY 26, 2023

Primed for transactional efficiency, these legacy architectures based on relational databases drive order-to-cash and procure-to-pay efficiencies. Current Familiarity with Analytic Concepts (Fall 2022 Snapshot) Preamble Supply chain leaders love their rows and columns. I term this our data jail. The focus of the Gartner Magic Quadrant.)

Optimal Sourcing 343

Optimal Sourcing Modeling Supply and Demand Manufacturing Procurement 343

Silvon Software

APRIL 19, 2022

The past few years have created a lasting impact on the way business is conducted, driving many companies to analytics to gain the visibility they need to control and optimize key processes. 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

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

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. DC procurement is also automated by aggregating the needs of the MFCs.

Supply Chain Planning Software 256

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 256

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

SCMDOJO

APRIL 4, 2023

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

Prescriptive Analytics Software 111

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 111

Supply Chain Shaman

JUNE 9, 2023

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. Procurement planning inside of lead time is not sufficient. Procurement planning inside of lead time is not sufficient. My response is a big YAWN.

Optimal Sourcing 306

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

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Logistics Viewpoints

APRIL 14, 2022

Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 242

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 242

Supply Chain Shaman

SEPTEMBER 27, 2021

In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. What we built on the whiteboard is the solution that we need today.

Supply Chain Planning Software 333

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 333

Logistics Viewpoints

MAY 19, 2022

Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. Fusing analytical approaches improves the math behind optimization, but to avoid highly-efficient silos it should be paired with concurrent planning.

Optimal Sourcing 266

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software 266

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

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

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

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

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing. Download the White Paper: Over the Road Freight Management Trends. continued growth and success.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Shaman

OCTOBER 13, 2022

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The gap between logistics and procurement; and logistics and customer service increases process latency. Inventories increased by 44% due to supply chain volatility.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Logistics Viewpoints

MARCH 17, 2022

Critical inventory disruptions/deficiency anywhere in the supply chain. It provides a single source of truth with visibility and analytics based on the same data. Can the workflows and analytics easily change over time? Network bottleneck identification. Response to disruptions. Agility can come in different shapes and forms.

Supply Chain Planning Software 311

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 311

Supply Chain Shaman

JANUARY 2, 2023

This enables the modeling of channel data along with order and shipment data to drive a role-based view for finance, promotion planning, manufacturing planning (along with S&OP), transportation planning, and procurement. Forecasts are used to manage inventory and align the organization to manage constraints. Let me explain.

Supply and Demand 373

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 373

Supply Chain Shaman

DECEMBER 12, 2024

Supply chain leaders were slow to adopt advances in Big Data Analytics. Expect greater variability in lead times and an increase in in-transit inventory. Inventory Management. Tariffs dynamically change the value of inventory, necessitating investment in deeper inventory management solutions. Take two actions.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 195

Silvon Software

APRIL 11, 2024

Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming. Nonetheless, when harnessed through analytics, data transforms into a powerhouse of valuable insights. Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion.

Predictive Analytics 104

Predictive Analytics Analytics Software Analytics Sourcing Strategies 104

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278