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. The question is, “Why?

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Logistics Viewpoints

DECEMBER 12, 2022

Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. At Dow, Mr. Baker had Purchasing experience in raw materials, and logistics for their plastics supply chain. S&OP is the key process in effectively balancing supply – what can be made – with demand – what customers want to buy.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Manufacturing Procurement 222

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

Supply Chain Shaman

SEPTEMBER 24, 2018

<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Supply Chain Shaman

APRIL 16, 2024

Can we build collaborative platforms for role-based discussions across commercial (sales and marketing) and operations (manufacturing, logistics, and purchasing) teams? Through work with Georgia Tech, the supply chain team can affect 70% of market capitalization in the food, chemical, and pharmaceutical industries. in inventory value.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Modeling 221

Logility

AUGUST 24, 2023

Your Comprehensive Guide to Production Planning Software The benefits of production planning software vs scheduling are about the granularity of the plan: capacity plans (or master production schedules) are not granular and factor in less granular things, like high level capacity, forecasts, inventory, and transfer times.

Supply Chain Planning Software 146

Supply Chain Planning Software Supply Chain Design Software Demand Planning Software Forecasting Software 146

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. 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. The reason? Is this leadership?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

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). Ecolab, L’Oreal, and TJX are exceptions.

Supply Chain Design Software 294

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 294

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 173

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

Supply Chain Shaman

FEBRUARY 18, 2013

Pharmaceutical companies are struggling with falling margins and rising inventories. They each lag in their understanding of supply chain excellence, and are now struggling to build effective supply chain teams. In our work with pharmaceutical companies, most executives wince when we mention inventories. What Can We Do?

Pharmaceutical 170

Pharmaceutical Supply Chain Network Software Eliminating Excel in Purchasing Procurement Analytics 170

RFgen

MARCH 12, 2024

In inventory management, the FIFO (First-In, First-Out) method takes center stage, offering a performance of unmatched clarity and efficiency in the world of stock control. Imagine your inventory as a flowing river, where the oldest water—your earliest products—moves forward to be used first, ensuring nothing stagnates or loses its relevance.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Inventory Management Material Savings 78

Supply Chain Game Changer

NOVEMBER 5, 2019

In fact it is often such a forgotten category that operations personnel are often left to fend for themselves in buying and securing supply. As such it can, out of necessity, become a source of rogue buying behaviour and risky purchases. But this is excellent experience and a great development platform. Need I say more?

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

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. For example, Monster Beverages beats Coca-Cola and PepsiCo, while Celanese outperforms Dow Chemical.

Gartner 364

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 364

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 266

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 266

Arkieva

JUNE 28, 2016

Sales and Operations Planning (S&OP) is a continuous business process that enables firms from hospitals to chemicals to respond to emerging situations intelligently. We might use “availability in Excel directly or with Add-ons” as an “age metric’.). One pattern is a succession of short purchases in a location away from home.

S&OP 92

S&OP Procurement Analytics Analytics Software Supply and Demand 92

Kinaxis

SEPTEMBER 16, 2014

While other “lists” use ROA, Inventory Turns and Revenue Growth, I find Lora’s science very objective. She is analyzing growth, inventory turns, operating margin, and return on invested capital, performance and improvement over time. . “ Eastman Chemical. Most of this middleware was Excel and Meetings.

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

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.

Waste Reduction 98

Waste Reduction Food Inventory Reduction Material Savings 98

Supply Chain Shaman

JANUARY 28, 2015

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. Our journey for supply chain excellence has changed and evolved over time.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

Supply Chain Opz

JULY 15, 2018

For example, - In some industries such as steel, chemicals, and other heavy industries, products are highly commoditized. However, books will say that service is actually a lifeline of any business and it usually goes beyond customer satisfaction surveys. Journal of the academy of marketing science, 32(3), 293-311.

Customer Service 100

Customer Service Six Sigma Agile and Lean Supply Chain Purchasing Skills 100

Supply Chain Shaman

JANUARY 8, 2014

Prior to joining Starbucks, he worked at the executive leadership level in Europe, Latin America and North America at ICI, a global chemical company. Which metrics do you think matter to supply chain excellence? The ultimate metric of success used by Starbucks was the percent of coffee purchased from CAFE Practices verified farmers.

Procurement Analytics 260

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 260

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). The inherent buying patterns of consumers are also changing.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Supply Chain Shaman

JANUARY 18, 2016

Customers are buying less. The days of going to a brick and mortar store to buy product is only one of the ways that people want to buy. The days of going to a brick and mortar store to buy product is only one of the ways that people want to buy. Success of New Business Models. Disintermediation. What can we learn?

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150

ShipBob

AUGUST 11, 2023

As the backbone of your supply chain, the right warehouse not only provides a space for storing inventory but can also influence the speed and efficiency of order fulfillment and affect your reach in the market. They handle inventory management , order management , picking , packing, shipping, and even returns.

Warehousing 52

Warehousing Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 52

Precoro

FEBRUARY 27, 2023

Streamlines Internal Procedures Spending data analysis sheds light on similar purchases between different departments. It enables them to cooperate even more closely to create fewer purchase orders and get things done faster by grouping multiple items and services into one purchase.

Analysis 52

Analysis Purchasing Skills Procurement Analytics Optimal Sourcing 52

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

Precoro

SEPTEMBER 23, 2024

Efficient management of catalog items is one factor that distinguishes chaotic purchasing from organized procurement. Procurement teams that want to speed up the purchasing process and reduce errors while adhering to quality standards and budget limitations must have quick access to pre-approved items from vetted suppliers.

Procurement Solutions 82

Procurement Solutions Purchasing Skills Pricing Training Negotiating Skills 82

BlueYonder

APRIL 25, 2017

Cons: Merchants that are incented purely on sales may be more likely to inflate forecasts that would drive more inventory than needed into the supply chain. This con can be largely mitigated, however, if the merchants are incented on inventory in addition to sales. SUPPLY CHAIN. about events, promotions and new items.

Supply and Demand 44

Supply and Demand Demand Planning Supply Chain Planning Software Supply Chain Planning 44

Supply Chain Game Changer

NOVEMBER 17, 2018

Our team was recognized for our unique configure-to-order process for our microprocessors as a finalist in the Supply Chain Council’s Operational Excellence award in 2011. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. What are you working on these days?

Gartner 74

Gartner Manufacturing Procurement Optimal Sourcing Supply Chain Software 74

BlueYonder

APRIL 25, 2017

Cons: Merchants that are incented purely on sales may be more likely to inflate forecasts that would drive more inventory than needed into the supply chain. This con can be largely mitigated, however, if the merchants are incented on inventory in addition to sales. SUPPLY CHAIN. about events, promotions and new items.

Supply and Demand 40

Supply and Demand Demand Planning Supply Chain Planning Software Supply Chain Planning 40

Precoro

AUGUST 2, 2021

Every step of the way, the fabrics and wearables undergo countless mechanical and chemical tests before landing in our favorite stores. Since the team hadn't used purchasing solutions before, TESTEX had their doubts regarding the ROI of procurement software. The former performs chemical tests on textiles, the latter — mechanical ones.

Procurement Solutions 58

Procurement Solutions Optimal Sourcing Manufacturing Procurement Eliminating Excel in Purchasing 58

ThroughPut

MARCH 30, 2020

As a chemical engineer with a background in biotechnology, oil & gas, and supply chain, I have had my pick of flow problems to solve. Customers can store their data at almost every manufacturing facility in the world, and they have Excel, PowerBI and Azure in the hands of many production teams.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 52

Supply Chain Trend

DECEMBER 13, 2016

Steve Hainey is an international speaker who has had over 20 years’ experience in global multi-site supply chain planning for Fortune 100 & 500 manufacturing companies of retail consumable goods, chemical materials, and medical device products. I have purchased the E-Book myself and truly enjoyed it. . Just keep moving forward.

S&OP 60

S&OP Supply and Demand Supply Chain Planning Software Analytics Software 60

Logistics Viewpoints

MARCH 29, 2021

Run” will include using the platform for inventory optimization and to support interesting internet-of-things (IoT) and artificial intelligence (AI) projects. Refractories are products that have been chemically engineered to resist high temperatures. HWI employed a crawl-walk-run methodology. HarbisonWalker has over 1300 employees.

Optimal Sourcing 172

Optimal Sourcing Innovation Manufacturing Procurement Supply Chain Planning Software 172

Supply Chain Game Changer

DECEMBER 6, 2018

Clearly, an excellent warehouse safety program is highly important. Workers buy into the safety program because they believe managers like you are genuine in your commitment to a safe and healthy environment. OSHA has an excellent framework for warehouse safety programs. So do their co-workers and their families.

Warehousing 65

Warehousing Buyer Training Purchasing Training Material Savings 65

GlobalTranz

FEBRUARY 27, 2015

Lower inventory carrying costs. These include helping lower inventory carrying costs and making more information readily available through new reports and browsers; allowing more people to make accurate decisions to improve business operations. . - Louis DeMent, Co-Owner at Giovanni Food Company, Inc. , Quote Sources.

Manufacturing Procurement 120

Manufacturing Procurement Logistics Network Optimization Software Procurement Solutions Software 120

Material Handling & Logistics

JUNE 25, 2018

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. Enabling collaborative sales, inventory and operations planning are part of the company’s goals, as it seeks to more closely connect with its customers and supply base. Media Image.

Gartner 81

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 81