Supply Chain Shaman

APRIL 16, 2024

Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Outside-in Planning: Modeling based on channel and supply network signals. This week, I was at Informs Analytics Conference.

Supply Chain Planning Software 221

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

SCMDOJO

SEPTEMBER 19, 2024

As a procurement officer, you’ve possibly been in the crosshairs of debate between sourcing locally and regionally versus from low-cost countries endorsed by many executive staff and boards of directors. Every time I was requested to have a target percentage of our purchases from low-cost countries I felt a pit in my stomach.

Purchasing Skills 97

Purchasing Skills Price Reduction Modeling Manufacturing Procurement 97

Silvon Software

MAY 7, 2018

Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. Here’s more information on the value that analytics can bring to wholesale distribution organizations: Operational Efficiency. High performing distributors use advanced analytics to make their operations more efficient.

Procurement Analytics 85

Procurement Analytics Analytics Optimal Sourcing Vendor Strategies 85

Enterra Insights

NOVEMBER 26, 2019

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

Supply Chain Shaman

OCTOBER 2, 2020

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. A Comparison Of Company Performance To Industry Average.

Customer Service 295

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 295

Supply Chain Shaman

SEPTEMBER 5, 2022

These teams are also more advanced in the use of planning and more advanced analytics concepts. To put this in perspective, if they had no planning system and no planners and just assumed that they would ship based on prior shipments, the forecast would be better, and the inventory levels more accurate. Private Equity M&A.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Supply Chain Shaman

OCTOBER 8, 2019

The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Instead, it should be mapped as an input to track supply chain forecasting to financial budgets for reporting and insights. Time horizon. Bias and error. Apparel is an example.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

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. This level of variability is not forecastable at an item level, but yet their companies were trying to forecast using item-level forecasting based on shipment/order data inputs using a ship-from model. I was clear.

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Freightos

JULY 26, 2018

According to their 2017 annual report, over a quarter of Amazon’s third-party sales (which represent half of Amazon’s sales) are cross-border. In other words, if your shipping your own goods, you’re competition. Let’s Talk About Boats, Ships, and Trucks. That’s not surprising, given that Amazon’s shipping costs grew from $11.5

Logistics Network Optimization Software 184

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 184

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Container Import Volume Year-over-Year Comparison. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S.

Predictive Analytics Software 232

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 232

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Ask Traditional Questions, and Let Big Data Provide Answers.

Supply Chain Design Software 120

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

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Logistics Viewpoints

FEBRUARY 25, 2022

The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Those shipments need to go by Ocean or the more expensive Air mode if ship berths can’t be found. Because of this, they are predicting rates will skyrocket for Ocean and Air. This week’s news will all center on this war.

Price Reduction 234

Price Reduction Ukraine Russia Logistics Network Optimization Software 234

Supply Chain Shaman

NOVEMBER 28, 2016

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers.

Supply Chain Design Software 195

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

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. She explains, “There are signs that shoppers may be running out of gas.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Enterra Insights

APRIL 12, 2019

Russell Redman reports a study by consumer target marketing firm SKUlocal found, “Grocery shoppers have come to rely on digital channels and now expect online access in their path to purchase. He reports, “Iconic brands like Winn-Dixie have gone bankrupt. ”[1] Those numbers can’t be ignored.

Purchasing Skills 100

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Predictive Analytics Software 100

The UCLA Anderson Global Supply Chain Blog

AUGUST 11, 2017

Luxottica maintains a warehouse in Atlanta and ships roughly 470k units of inventory each week - 300k to retail locations and 170k as wholesale to independent opticians and department stores. If purchasing glasses online, consumers are able to choose any five frames online to be delivered as part of their Home-Try-On (HTO) program.

Manufacturing Procurement 112

Manufacturing Procurement Sourcing Strategies Inventory Reduction Supply Chain Design Software 112

ShipBob

JANUARY 8, 2021

Today, the scenario is quite different as 73% of B2B buyers are millennials who prefer the convenience of purchasing bulk orders online. B2B orders are often purchased less often, sold in bulk, and shipped via freight (or parcel for smaller orders). B2B orders are often repeat purchases done in bulk and ordered less frequently.

Inventory Management Software 96

Inventory Management Software Supply Chain Design Software Optimization Software Logistics Network Optimization Software 96

Unleashed

JULY 23, 2023

KPIs in manufacturing are quantifiable production metrics used by manufacturers to measure production performance over time. Order cycle time KPIs calculate the average time between when you receive an order and when it is shipped. As a metric, it’s the time you budget to manufacture each part or component.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Metrics Inventory Reduction 52

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

The McKinsey report “How COVID-19 is changing consumer behaviour – now and forever”, bluntly illustrates how this change occurred more quickly and seismically than anyone predicted – so fast that it’s apparent the capacity to adapt had always been there. . Digitalisation and the Importance of Technology.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain 245

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Enterra Insights

NOVEMBER 22, 2022

Reporter Erika Edwards ( @erikaedwardsnbc ), and her colleague Dr. Akshay Syal, observe, “Hospitals nationwide are preparing for another winter with Covid — the first one that’s also expected to include high levels of influenza and other respiratory illnesses that have simmered quietly in the background for the past two years.

Omnichannel 130

Omnichannel Purchasing Skills Agile and Lean Supply Chain Procurement Analytics 130

QAD

APRIL 5, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, and from shared services to real-time data and flexible data analytics, QAD’s Effective Enterprise Management capabilities ensure that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98

Intelligent Audit

OCTOBER 28, 2021

The increasing pressure of the market, the rising consumer demand, and dwindling supplier deliveries have brought into full view the need for adequate and functional shipping cost allocations. Here’s the reality of the situation and how it adds up to lower total landed shipping spend through management of shipping cost allocations.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Supply Chain Planning Software Optimal Sourcing 52

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Zipline Logistics

DECEMBER 22, 2020

percent reporting LTL transit times had been extended by one or two days, and another 16.4 What Is Shipping Lead Time? Lead time typically refers to the total time needed from purchase order origination to delivery to a customer. percent of survey respondents, with 70.2 Let’s explore why else it matters. Reach Out Today .

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52

ShipBob

AUGUST 3, 2020

It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. Founded in 2006, this firm is slightly newer in comparison to others. Product sourcing is the process of purchasing or creating products that you can sell. Greycroft Partners. Product sourcing.

Trends 105

Trends Purchasing Skills Manufacturing Procurement Modeling Software 105

EazyStock

NOVEMBER 17, 2020

ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. Many ERP inventory management modules lack the necessary analytical tools to recommend what and how much stock you should actually carry.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 98

Enterra Insights

MAY 31, 2019

consumers expect orders, with free shipping, to arrive within three days. Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] Invest in technology and analytics. are becoming increasingly demanding. Footnotes. [1]

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Unleashed

SEPTEMBER 11, 2019

Not all suppliers are created equal: some are better at providing low-cost goods, while others are great at customisation. Some suppliers have optimised for fast-shipping times, and some suppliers focus on high-quality materials. Without reliable suppliers, you could be jeopardising with your business model.

How To 63

How To Procurement Analytics Comparison Procurement Solutions 63

Unleashed

JANUARY 4, 2024

Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers. If you’re looking to sell a product that’s already been established in the market, purchasing in bulk from a wholesaler can be a good option. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Supply Chain Game Changer

MAY 27, 2020

Tax incentives, whether for capital equipment or labor cost differences could certainly decrease the gap, and those incentives will be at least partially returned to their States through increase tax receipts for those higher end jobs. originally or made elsewhere and then shipped into the U.S. in transit to American customers.

Price Reduction 132

Price Reduction Cost Reduction Strategies Purchasing Skills Material Savings 132

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Unleashed

MAY 4, 2022

Purchases can be made while on the move, on impulse and in response to a particular need at that time. This will evolve as eCommerce technology does and the purchasing experience becomes more sophisticated and user-friendly. Costs are reduced with eCommerce Ecommerce stores are far more cost-effective than physical stores.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

ThroughPut

APRIL 6, 2020

Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfilment and production planning. This is very helpful, especially when you use data pulled from real-time analytics. This helps solve several problems for them: 1.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59