GlobalTranz

NOVEMBER 17, 2016

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Ask Traditional Questions, and Let Big Data Provide Answers. Inventory location and management. However, the fundamental problem remains.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. Rolling up a perpetual inventory signal takes eleven hours. The company was working on improving real-time ATP without consideration of the data synchronization issues. days to get a perpetual inventory signal and 2.2

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

Logistics Viewpoints

MARCH 9, 2023

CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. Big data is used to understand a customer’s propensity to buy, the tendency to return, conversion of clicks to orders, demand sensing signals, individualized promotions, etc.

Supply Chain Planning Software 228

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 228

Supply Chain Shaman

APRIL 1, 2015

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. It is morning in Orlando. The sun is rising. This inbound news adds to the story.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

GlobalTranz

OCTOBER 2, 2017

Last mile delays and problems during delivery can eat away at fuel costs and seriously devalue a brand, but shippers Fan leverage technology, such as Big Data, to make small changes and improvements to last mile logistics processes. Be Consumer-Centric. An effective last mile logistics strategy must be focused on consumer needs.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

GlobalTranz

AUGUST 31, 2018

Using New Technology for Maximizing Warehouse Space Is the Solution New technologies and warehouse automation are poised to enable warehouse managers to increase inventory without necessarily increasing space. Robotics can also be used to move large inventory, taking advantage of vertical space without sacrificing worker safety.

Supply Chain Design Software 121

Supply Chain Design Software Warehousing Analytics Software Forecasting Software 121

Supply Chain Shaman

DECEMBER 10, 2014

If you ask companies if they would like better inventory and global supply chain visibility, you will get an overwhelming answer of, “Yes!” If you miss reading the Shaman in the next few weeks and you want some new reading in the area of supply chain excellence, consider tucking my new book Metrics that Matter into your suitcase.

Supply Chain Network Software 280

Supply Chain Network Software Pharmaceutical Supply Chain Software Supply and Demand 280

3PL Insights

AUGUST 16, 2021

Big data is only useful if you understand the metrics and can connect them to the important areas of your business. But how do we turn inventory management data and other key metrics into business intelligence? Account Activity Data. Account Activity Data. Storage Efficiency.

Data 98

Data Supply Chain Optimization Supply Chain Inventory Reduction 98

Logility

MAY 7, 2020

Figure 1: Demystifying Data Units. Embracing big data brings the promise of reduced costs, improved customer service, reduced risk and the ability to capture new opportunities. However, capturing the data you need is just the start of the journey. Figure 2: Results Achieved Using Big Data Analytics.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 195

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 214

Forecasting Forecasting Software Modeling Optimal Sourcing 214

SCMDOJO

JANUARY 23, 2023

List of Top 10 Supply Chain Analytics Books 1) Supply Chain Metrics that Matter (Wiley Corporate F&A) 1st Edition This book offers an in-depth guide to understanding the link between corporate financials and supply chain maturity, evaluating the progress of over a hundred companies from 2006-2013.

Prescriptive Analytics Software 132

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 132

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. Measurement. Organizations speak of the bullwhip, but don’t measure it or monitor the effects.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 394

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. In addition, I am now done with the page proofs for my new book, Metrics that Matter. The book is a story. We hope to see you there!

Supply Chain Planning Software 313

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 313

Supply Chain Shaman

JANUARY 31, 2022

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Over the past two decades, organizations have become more insular and less willing or able to share meaningful data. In addition, Lucas used inventory as a slush fund to make quarterly earnings. Focus on Cost.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

The Network Effect

JUNE 11, 2014

In part one I laid out the 5 stage maturity model that shows how organizations can turn their “big data” into “big visibility” The stages are 1) Representation; 2) Accessibility; 3) Intelligence; 4) Decision Management; 5) Outcome-Based Metrics and Performance.

Supply Chain Design Software 194

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Design Prescriptive Analytics Software 194

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Logility

FEBRUARY 26, 2020

Accurate forecasts help minimize inventory, maximize production efficiency, streamline purchasing, optimize distribution, maximize customer service, ensure confidence in company financial projections. Without clean, consistent data, demand planners will struggle to create accurate forecasts. The Rise of AI and Automation.

Forecasting 162

Forecasting Forecasting Software Optimal Sourcing Supply and Demand 162

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 280

Supply Chain Shaman

JULY 3, 2017

It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. As a result, supply chain leaders focus on unrealistic goals of inventory or costs, they will throw the system out of balance. Companies balance supply chain metrics better in good times than bad.

Inventory Reduction 157

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Cost Reduction Strategies 157

Supply Chain Shaman

SEPTEMBER 4, 2017

Over the course of the last quarter, with the help from Cloudera, we built a data lake of with data from 1449 public companies. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data.

Supply Chain Planning Software 173

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Supply Chain Software 173

Supply Chain Shaman

NOVEMBER 28, 2016

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As As a group, these metrics have the highest correlation to market capitalization. They include growth, inventory turns, operating margin and Return on Invested Capital (ROIC)). Inventory Turns. Improvement.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

Arena Solutions

APRIL 4, 2023

IIoT is the connection of distinct devices within an existing internet infrastructure making it possible for manufacturers to make knowledgeable, strategic decisions using real-time data to improve cost reduction, efficiency, safety, product innovation, and more. Big data The use of big data is increasing in manufacturing.

Manufacturing Procurement 98

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 98

GlobalTranz

DECEMBER 27, 2017

This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. Download: The Impact of Big Data in the Supply Chain & Transportation Management Industry Webinar Replay, Transcript & Presentation. The Top 10 Supply Chain Blog Posts from 2017.

Supply Chain Software 151

Supply Chain Software Optimal Sourcing Supply Chain Optimization Supply Chain Strategy 151

SCMDOJO

FEBRUARY 20, 2023

It involves various activities, such as warehousing, inventory management, transportation, and logistics. This can include examining everything from inventory management and order fulfilment to warehousing, delivery, and customer service. Optimizing inventory can also be achieved by leveraging technology and data analytics.

Inventory Reduction 119

Inventory Reduction Cost Reduction Strategies Resource Reduction Supply Chain Planning Software 119

Kinaxis

JULY 13, 2018

Thick data” vs big data, the power of the supply chain profession, and cybersecurity. Complement big data with “thick data”. Instead, she suggested they should complement it with “thick data”. If big data is about numbers and analysis, thick data is about bringing human intuition into decision-making.

SCM 100

SCM Big Data Predictive Analytics Software Supply Chain Network Software 100

Veridian Solutions

SEPTEMBER 27, 2018

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Download WhitePaper.

Inventory Management Software 53

Inventory Management Software Inventory Management Procurement Analytics Supply Chain Planning Software 53

Supply Chain Shaman

JUNE 14, 2014

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Procurement Analytics Modeling 286

American Global Logistics

NOVEMBER 21, 2023

In today's digital era, the exponential growth of data has given rise to the concept of big data analytics. While big data offers immense opportunities for businesses, it also presents tough challenges. Data Quality Challenges Data quality plays a pivotal role in the success of any analytics initiative.

Analytics Software 52

Analytics Software Quality Security Analytics 52

ThroughPut

MARCH 24, 2024

Conditions of erratic demands, long-period metrics, and unavailability of raw materials have brought forth a plethora of problems: Trouble managing capacity with high peaks and troughs in demand for goods, capacity management has become a key concern. Excess inventories lead to excess wastage.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Supply Chain Shaman

JUNE 13, 2017

If the arrow is red, the industry is moving backwards on a metric. The industry made progress on revenue/employee, but struggled on growth, margin, inventory turns. Companies, based on culture, tend to focus on singular metrics. If the arrow is green, progress was made. Is this because this value chain is a laggard? Stay tuned.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 0

Supply Chain Shaman

JULY 12, 2013

Focus the organization on understanding the “probability and patterns of demand” and how to design push/pull decoupling points, supplier networks and inventory buffers to improve agility (focusing on form and function of inventory in the supply chain). Next week, I will be writing on my new book Metrics That Matter.

Supply Chain Design Software 266

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 266

Supply Chain Shaman

JUNE 29, 2015

In our research for the book Supply Chain Metrics That Matter , we find that this is the case for 90% of companies. While companies want to improve costs and inventory, most are going backwards. While many consultants will wave their hands and promise improvements in costs and inventory through projects, take pause.

Supply Chain Design Software 150

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software S&OP 150

Enterra Insights

JUNE 24, 2022

Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.”

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

The Logistics & Supply Chain Management Society

JULY 20, 2020

This boosts revenues and optimises inventory. This can be applied to inventory management, fleet and order tracking, ID badging. Machine learning and big data analytics augments critical roles in supply chain efficiency, problem solving and cost saving. Pricing decisions can be integrated with demand and supply planning.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Logistics Viewpoints

JULY 19, 2021

But then executives may ask for higher sales or margins, or lower stock if key financial metrics are not being met. This is a Big Data problem to which they apply machine learning. Much of these savings have resulted from carrying 20% less inventory – and less working capital – while still meeting projected demand.

Supply Chain Planning Software 278

Supply Chain Planning Software Scenario Planning Supply Chain Planning Negotiating Skills 278

Enterra Insights

DECEMBER 12, 2019

Big Data, Advanced Analytics, and Cognitive Computing. Although I agree with Hooper that each company must decide for itself which technologies best suit its circumstances, most companies will find they require big data, advanced analytics, and cognitive computing. ”[4]. ” Hooper agrees.

Analytics Software 100

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 100

Supply Chain Shaman

OCTOBER 25, 2021

Container inventory is imbalanced. Fourteen of twenty-eight industries have rising inventories. Change internal metrics to a balanced scorecard and force the functions to work better together. The United States is late in investing in port infrastructure. Containers wait at each ship node for the chassis. All are out of balance.

Analytics Software 195

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