Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. A shift from functional metrics to a balanced scorecard. The focus on functional metrics sub-optimizes balance sheet results.

S&OP 336

S&OP Supply and Demand Forecasting Supply Chain Design Software 336

Supply Chain Shaman

MARCH 21, 2024

If I had a magic wand, I would redesign work to transform the planners to become data orchestrators with supply chain planning becoming self-service by business leaders. The Orange layer above the traditional deployments (shown in blue) become the collaborative data sharing area for business leaders. Lack of aligned metrics.

Inventory Reduction 406

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 406

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Silvon Software

NOVEMBER 14, 2024

For Greater Product Performance Visibility and Improved Sales & Demand Planning Consumer Packaged Goods (CPG) manufacturers operate in an increasingly competitive environment, where the ability to access and analyze timely, accurate data can make or break a company’s success. This process is known as data normalization and harmonization.

Inventory Reduction 52

Inventory Reduction Price Reduction Resource Reduction Optimal Sourcing 52

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Supply Chain Shaman

AUGUST 12, 2024

Data sourced from the students in my last two classes of outside-in planning where the COV is greater than.70.) It might be a change in modeling technique (like an attribute-based model), shifting the bottoms-up and tops-down forecasting approach (forecasting at a different place in the hierarchy), or the use of channel data.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Kinaxis

DECEMBER 3, 2014

Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Why do companies focus on reducing a specific metric?

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Supply Chain Shaman

FEBRUARY 18, 2021

The systems–based on shipment and order data–were out of step with the market. With fixed models and hard-wired data feeds, teams could not adjust the planning systems to use consumption data or market indicators. Next Steps: Start to model demand based on market data to align the organization on baseline demand.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. The issue is data synchronization. The more outsourcing and instances, the greater the issue with data synchronization. days to receive a purchase order confirmation. The average purchased order changes 3.5

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

Supply Chain Shaman

MAY 1, 2023

We find that companies with an analytics center of excellence drove progress faster than those with a supply chain center of excellence. Organizations that embrace and use data outperform. While companies build Supply Chain Centers of Excellence, most are not clear on what good looks like. The other issue?

Inventory Reduction 248

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 248

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. The planning process should be automated, repeatable, and not dependent on Excel-based manipulation.

Supply Chain Planning Software 228

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 228

Supply Chain Shaman

JULY 25, 2021

Less than 50% of the required data for supply chain planning comes from ERP. The Focus Inside-out Supported by Functional Metrics. Instead, the path requires a redefinition of process, metrics, and capabilities. If you want to drive change, start by defining supply chain excellence. Supply Chain Maturity Progression.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Silvon Software

SEPTEMBER 28, 2023

As the volume of data and requirements for gaining access to it continue to skyrocket, it is becoming vital for organizations to find ways to aggregate their business information and quickly understand it. Today’s modern data hub facilitates this … and here’s how. Why Consider a Data Hub?

Procurement Analytics 105

Procurement Analytics Report Data Optimal Sourcing 105

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

Supply Chain Shaman

JANUARY 2, 2023

The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving. The team was not calibrated on the role of forecasting and the basics around process excellence. Be careful. Models Matter.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

Supply Chain Shaman

FEBRUARY 14, 2022

I also share data to try to convince you to join a guiding coalition to think bigger. Sales data has the greatest bias and error due to bonus incentives. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Without clear governance, customer data never sees the light of day.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

JANUARY 31, 2022

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Over the past two decades, organizations have become more insular and less willing or able to share meaningful data.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Supply Chain Shaman

FEBRUARY 7, 2022

As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. Over the past two decades, organizations have become more insular and less willing or able to share meaningful data.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

Supply Chain Shaman

NOVEMBER 28, 2016

To drive global scale, companies need to design the supply chain to buy globally and execute locally. 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. Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

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

ivalua

JUNE 29, 2020

According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. According to 2019 Definitive Healthcare data, U.S. Across this supply chain there is typically a lack of visibility due to siloed information and data. The only way to really understand that is data.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 219

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. The first step was to charter a research project with the Arizona State University statistics department to analyze which combination of metrics drives the highest market capitalization. The result? The reason?

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Matters

APRIL 28, 2023

Supply Chain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment. Refocusing on Operational Excellence In the previous section, we identified a number of drivers for operational efficiency.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Eliminating Excel in Purchasing Supply Chain Planning 52

Logistics Viewpoints

DECEMBER 1, 2022

Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. In 2023, consumers will be less forgiving and poised to buy from retailers whose delivery performance is commensurate with the rest of the shopping experience. Figure 1: U.S. Container Import Volume Year-over-Year Comparison. Somewhat nailed it.

Predictive Analytics Software 228

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 228

Kinaxis

DECEMBER 12, 2017

When making discretionary purchases, I could look at my projection to make sure that if I made that purchase, I would have enough money in the bank, not only now, but at the end of the month when my mortgage and car loan came out. Then could I buy it? For me, this was game changing! What if I save my money this month?

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Planning 193

Silvon Software

APRIL 18, 2024

Critical to guiding them through today’s fluctuating markets is the accuracy and actionable intelligence derived from data. Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

BlueYonder

JUNE 3, 2024

The team involved in the transformation includes Johnny Ivanyi, Global Head of Distribution Excellence at Bayer Crop Science and Vivek Chhaochharia, Digital Supply Chain Leader at EY US. There’s so much data available, but which data is relevant? Collect and apply the data that’s related to your key improvement targets.” “A

Supply Chain Software 104

Supply Chain Software DC Logistics Network Optimization Software Eliminating Excel in Purchasing 104

Logility

DECEMBER 28, 2020

By using advanced analytics for manufacturing, to understand the valuable information concealed within the data they already have! Here it is again: there’s an asset that many manufacturers have not yet optimized – their own data. Managing Your Data. How can manufacturers manage disruption and improve productivity?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Manufacturing Analytics Software 130

HICX Solutions

OCTOBER 13, 2020

In our second interview in the series on ‘Solving the Procurement Data Dilemma,’ which supports a full survey carried out by HICX and Raconteur on the subject, Gren Manuel speaks to Richard Wilding, OBE. Data forms a vital component to the management of these relationships, as Richard clarifies, “The key thing with data is, there’s a cycle.

Manufacturing Procurement 52

Manufacturing Procurement Data Procurement Supply Chain Software 52

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I recently interviewed him for my upcoming book, Metrics that Matter, that publishes in August 2014. Which metrics do you think matter to supply chain excellence? I am behind.

Procurement Analytics 260

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 260

Supply Chain Shaman

MAY 21, 2013

In the last five years, while the physician is still important, the buying decisions transitioned from the supplier to the care provider. Data driven discussions on patient satisfaction, readmittance rates and hospital-induced infections will be transformative. They are primarily focused on cost management on new purchase decisions.

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

Talking Logistics

OCTOBER 5, 2016

As McCarthy put it, after a customer buys a bed, it’s his responsibility “to make sure we deliver it to their home brilliantly.” Getting real-time data from telematics and feeding it back into the planning system for ongoing process improvement is critical.

Eliminating Excel in Purchasing 0

Eliminating Excel in Purchasing Supply Chain Network Software Supply Chain Planning Software Optimization Software 0

Supply Chain Shaman

OCTOBER 8, 2019

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. Supply chain management requires good data at the mix level of an item/location. The data in Table 1 is from a recent research study.

Supply Chain Design Software 189

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

Supply Chain Shaman

MARCH 21, 2022

With the surge, supply chains—accustomed to using the patterns of customer order and shipment data to predict future demand—were caught on the back foot. Data from the Economist on Goods and Services Sales. The answer lies in market data with a lower dependency on enterprise data. For me, Figure 1, tells the story.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

Logistics Viewpoints

SEPTEMBER 20, 2022

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. We need planning platforms to keep up with all the changes.

Supply Chain Planning Software 222

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 222