Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

NOVEMBER 9, 2014

This team is not buying the message. So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. When we started benchmarking companies, Deborah and I had a friendly wager. I also believed that this company would have the best inventory and customer service.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

MAY 1, 2014

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. This precipitous drop in margin hurts. Companies are feeling pain.

Supply Chain Planning Software 290

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 290

Supply Chain Shaman

JULY 6, 2020

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals.

Agile and Lean Supply Chain 296

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 296

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. Instead, I would look at network flows, the form and function of inventory, cost-to-serve analysis, and the determination of the supplier network.

Supply Chain Design Software 286

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 286

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. Was it that Kraft was not clear in its definition of supply chain excellence (which was true) or not clear on how to best use the system (which was also true)? What defines supply chain excellence? The reason?

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. Popular Beliefs on Supply Chain Excellence Do Not Align With Results. .

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

DECEMBER 12, 2024

In parallel, PE/venture capitalists purchased/consolidated network solutions, slashing R&D and delaying investment, reducing industry capabilities. If you, like most, are running your supply chain based on ERP and Excel spreadsheet data, you are not prepared. Inventory Management. No one knows. What to do? Take two actions.

Supply Chain Design Software 195

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

Supply Chain Shaman

JUNE 14, 2018

Bonuses and incentives align with functions and are often counter productive to driving supply chain excellence. 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. Days of Inventory by Industry Across Years.

Optimal Sourcing 172

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain 172

Supply Chain Shaman

JUNE 20, 2014

The implementations were longer, the purchase costs were higher, and the functionality was less robust and lacking flexibility. The SAP team has built an incredible system of record to enable flows from ERP to SCP, but has failed to deliver a solution to deliver SCP planning excellence. I did not see it. Related.

Supply Chain Planning Software 302

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply and Demand 302

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Inventory 105

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Supply chain visibility provides the ability to view and track inventory in real-time or near real-time across all modes from raw materials to finished goods at the customers door. 2022 ocean schedule reliability dropped to 30%.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 174

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 174

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The focus is on channel data: price; inventory positions; and policies. Customer-Centric Supply Chain Processes. The Building Blocks.

Material Savings 185

Material Savings Inventory Reduction Price Reduction Vendor Strategies 185

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction 274

Supply Chain Shaman

JANUARY 27, 2015

Last week, I interviewed Robert Byrne, founder of Terra Technology on his demand planning benchmarking study. I enjoy creating the podcast series, and Rob’s findings in his benchmark study are always thought-provoking. Data sourced from the Terra Technology 2014 Benchmarking Study. Figure 1: Calculating the Long Tail.

Supply and Demand 150

Supply and Demand Supply Chain Planning Software Forecasting Supply Chain Software 150

BlueYonder

MARCH 30, 2023

Incisiv surveyed 115 retailers to understand the current state of omni-channel retail and evaluated the digital ordering and fulfillment capabilities of these retailers in four key areas, including Inventory Visibility, Frictionless Fulfillment, Cost & Payments, and 360-Degree Service, which encompassed 104 digital capabilities.

Real-time Visibility 98

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 98

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

crisp

NOVEMBER 8, 2024

This busy time of year demands an agile approach, powered by real-time data, to meet these diverse demands and deliver excellence in the new year. Just like today’s seamless omnichannel experience is unlike anything in retail’s past, so too is the availability of real-time POS, category, and inventory data.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Inventory Reduction Resource Reduction Price Reduction 52

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

Supply Chain Shaman

JUNE 21, 2023

We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known. Demand latency is the time cycle to translate a channel purchase to an order.) However, no company wants to share insights from failure.

Gartner 360

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 360

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. When you can account for inventory down to the item, you can better respond to customer needs. Are you backlogged? Author Bio.

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Supply Chain Network

OCTOBER 27, 2017

The research indicates that not only does internal collaboration create financial worth; benchmark companies are leveraging collaboration outside their organizations to create competitive advantages. Maine Pointe calls this Total Value Optimization (TVO)™.

Optimal Sourcing 101

Optimal Sourcing Supply Chain Planning Software Gartner Supply Chain Optimization 101

crisp

JUNE 29, 2022

But manually pulling hundreds of reports to monitor sales and inventory data from three different retail portals was not going to support NotCo’s fast pace. For his own use, Dan loves Crisp’s Outbound Connector for Excel , which automatically refreshes the latest retail insights directly into his frequently used Excel files.

Supply Chain Planning Software 98

Supply Chain Planning Software Inventory Reduction Sourcing Strategies Data 98

Supply Chain Shaman

JUNE 6, 2015

I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. In my analysis of the supply chain planning benchmarking data, I can see it. Buying patterns are changing quickly, and the insights are multi-dimensional.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Oracle SCM

JULY 12, 2017

Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. They prioritized projects that reduced inventory and logistics expenses. Working on continuous improvement and operational excellence strategies is a foundation for successful end-to-end supply chain operations.

Inventory Reduction 163

Inventory Reduction Resource Reduction Price Reduction Cost Reduction Strategies 163

Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). ” They questioned, “ How long will this recession last?

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Silvon Software

NOVEMBER 28, 2017

When you give your people reporting tools that reveal not only the big picture, but the underlying details, too, they will solve problems and find opportunities to excel. If you’re a sales rep or manager, think of the possibilities if you were able to easily uncover those accounts that haven’t purchased a specific item in a while.

Procurement Analytics 93

Procurement Analytics Procurement Solutions Analytics Software Eliminating Excel in Purchasing 93

Supply Chain Game Changer

DECEMBER 3, 2019

Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. There was no mentorship given to promote the team and raise visibility to inventory.

Inventory Reduction 56

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 56

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. In other words, 10% of orders being shipped by companies who are median performers have some form of failure or defect, so 10% of order recipients are disappointed.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

Supply Chain Shaman

SEPTEMBER 13, 2016

As shown in Figure 1, the biggest obstacles to power improvement/performance are traditional supply chain thinking, the lack of organizational alignment and a focus on functional excellence. Companies using traditional technologies coupled with Excel spreadsheet ghettos will be at a disadvantage. These are tough to overcome.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Supply Chain Network

DECEMBER 14, 2013

Speaker(s): Rob Bass, Vice President, Distribution, Best Buy Co., On top of the Omni-channel Track, below are the additional sessions incorporating omni-channel themes: Connecting the Bits: The Networked Company & Operational Excellence. Achieving Supply Chain Excellence in a Dynamic Era. Jeff Ashcroft.

Logistics Network Optimization Software 115

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Retail 115

Arkieva

JANUARY 6, 2017

The ABCDs of an Excellent Supply Chain. In this 2-part Supply chain strategy post , the Managing Director at Solventure – Bram Desmet, discusses the key elements of an excellent supply chain. So, as I sit down to write this blog, I wonder what are some of the things that make supply chains excellent? Please subscribe here.

Inventory Reduction 84

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 84

Unleashed

JULY 25, 2021

Improving food inventory control. The simplest approach to reducing food waste is to optimise inventory control. Effective inventory control can prevent food waste by helping limit the volume of surplus food generated, reduce overstocking, and improve overall food waste management. How does food waste management help businesses?

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

NC State SCRC

OCTOBER 8, 2016

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. This initiative benchmarked over 300 global companies, and set forth many of the principles for what we called “World Class Supply Chains”.

Supply Chain Software 58

Supply Chain Software Optimal Sourcing Manufacturing Procurement Agile and Lean Supply Chain 58

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 98

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 98

Procurement Academy

JULY 19, 2024

This might seem straightforward, but a thorough assessment can uncover areas where you can consolidate purchases, standardize specifications or negotiate better terms. Integrating these platforms takes more than just purchasing software though, you’ll also need to invest in your staff.

Cost Reduction Strategies 90

Cost Reduction Strategies Price Reduction Inventory Reduction Sourcing Strategies 90