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Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

Pattern recognition is the ability to discern patterns in data and use the insights for further analysis. The first step was to find a reliable data set and establish the peer groups. We purchase data from Y charts. (A A syndicated data feed used for financial analysts. Consider Lenovo in Figure 1.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. Probabilistic demand forecasting, in contrast, provides a full probability distribution, revealing actual purchasing patterns and enabling inventory planners to align stock levels with demand realities. The result?

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Machine Learning in Demand Planning: How to Boost Forecasting

ToolsGroup

Enhanced Promotions and Events Analysis Promotions, advertising campaigns, and trade events are vital components of marketing strategy, but accurately measuring their impact on demand remains challenging. Five Ways Advanced Machine Learning in Demand Planning Is Improving Forecasting 1.

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L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

L’Oréal’s global strategy embraces globalization with a keen focus on the customer. The Company’s strategy is to acquire brands developed on a local or regional scale and then bring them to a global scale in a short period of time. Defining the Strategy of Operations 4.0. L’Oréal’s Performance Compared to the Peer Group.

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Network Investment. Defining the ROI.

Supply Chain Shaman

Here I share insights on the sharing of supply data. In Figure 1, I share the importance, trust and perceived accuracy of different forms of supply data. In addition, a purchase order changes three-to-four times and there is a black hole (data is caught between email systems of trading partners for one-to-two days).

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Thoughts. Selecting Supply Chain Software

Supply Chain Shaman

In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. How are people buying software? Let the Data Speak to You. Reflection.

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.