Supply Chain Shaman

JULY 19, 2020

The supply chain is complex non-linear system that is easily thrown out of balance through a focus on functional metrics. They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. Stop the Focus on Functional Metrics.

Supply Chain Design Software 413

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Agile and Lean Supply Chain 413

Logistics Viewpoints

JANUARY 23, 2024

This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supply chain data. The single data cloud runs on Snowflake, one of Blue Yonder’s partners.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 227

Logistics Viewpoints

JULY 23, 2024

Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem.

Optimal Sourcing 254

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 254

The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8

Inventory Reduction 225

Inventory Reduction Inventory Inventory Management Software Modeling 225

Supply Chain Shaman

JUNE 29, 2021

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). The charts and data get boring pretty quick.) The reason?

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Design 369

Logistics Viewpoints

JUNE 1, 2021

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

Inventory Management Software 200

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 200

Supply Chain Shaman

OCTOBER 16, 2023

A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. Funny, isn’t it? Improved Forecast Value Added (FVA). Market-Driven Process.

S&OP 332

S&OP Supply and Demand Forecasting Supply Chain Design Software 332

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 337

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 337

Supply Chain Shaman

JULY 25, 2021

Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Less than 50% of the required data for supply chain planning comes from ERP. Lack of Focus on Form & Function of Inventory and Designing Network Flows. Supply Chain Maturity Progression.

Procurement Analytics 370

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

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. Rolling up a perpetual inventory signal takes eleven hours. How does this happen?

Supply Chain Planning Software 340

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 340

Supply Chain Shaman

NOVEMBER 21, 2024

The big data architectures are often present in the current “AI offerings.” The use of python and big-data architectures enables the ingestion of unstructured and streaming data that can move the model from inside-out (using enterprise data) to outside-in (use of market data).

Supply Chain Planning Software 365

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 365

Supply Chain Shaman

MAY 25, 2024

Pattern recognition is the ability to discern patterns in data and use the insights for further analysis. The use of orbit charts allowed me to see the patterns of performance at the intersection of metrics over time. The first step was to find a reliable data set and establish the peer groups. We purchase data from Y charts.

Eliminating Excel in Purchasing 316

Eliminating Excel in Purchasing Gartner Supply Chain Design Supply Chain Strategy 316

Supply Chain Shaman

SEPTEMBER 22, 2024

Companies speak about moving from a functional metric focus to managing corporate metrics, but this does not happen. Of the 114 balance sheet metrics tested in work with the statisticians at Georgia Tech, operating margin improvement has the highest correlation to market capitalization. Hence the Facebook analogy.)

Cost Reduction Strategies 375

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply Chain Planning Software 375

Logistics Viewpoints

SEPTEMBER 25, 2024

IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.

Internet of things 244

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 244

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. Why Jump Now?

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. Why have we not improved our use of channel data in supply chain processes?” My question is, “Why?”

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. What did we find?

Supply Chain Planning Software 316

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 316

Supply Chain Shaman

OCTOBER 11, 2023

Companies have data lakes, but do not use their own data. I don’t understand why companies want to move data in and out of data jails that we call relational databases but are so unaware of the techniques to use data from data lakes through schema on read technology approaches. technologies.

Supply Chain Planning Software 390

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 390

Supply Chain Shaman

JANUARY 2, 2024

I questioned in this time of uncertainty if supply chain leaders will value data-driven content. We talk about the move from functional metrics to a balanced scorecard, but we don’t use a balanced scorecard as an objective function. We speak of data latency, but do not measure the impact on performance.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 283

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. If a user makes changes to the plan, they log that data.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Scenario Planning Procurement Analytics 223

Logility

MAY 7, 2020

Companies across all industries and sizes struggle to make sense of and value from the available mountains of data. Structured and unstructured data including that from social media, Internet of Things (IoT) and Blockchain sources continue to stream in but much is left untouched. Exponential Growth in Supply Chain Data.

Supply Chain Planning Software 195

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

Supply Chain Shaman

NOVEMBER 21, 2023

In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation. The metrics were not aligned. I also ran three outside warehouses.

Supply Chain Planning Software 337

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 337

Supply Chain Shaman

MARCH 5, 2019

In the visibility use case avoid three watch outs: 1) Make Sure That The Data Is Actionable. In many deployments of telematics, companies get visibility on truck status, but the data is an overkill. Contract manufacturing or 3PL data often will have a 24-hour latency due to batch integration. Master data. Warranty data.

Supply Chain Design Software 293

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 293

Supply Chain Shaman

JANUARY 9, 2024

An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft. The group’s response is, “Are these supply chain metrics?” show a clear gap in performance.

Supply Chain Planning Software 298

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 298

ToolsGroup

MARCH 18, 2019

We had to move all the players out of their comfort zones, into a data-driven, collaborative culture.” They also cut inventory levels, grew sales and resolved capacity issues. Establish joint responsibility for inventory to reduce the risk of obsolescence. Their S&OP program, however, was only the beginning.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

Supply Chain Shaman

OCTOBER 13, 2022

Investments in Data-Driven Capabilities May Not Yield Better Decisions. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. The reason?

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

ToolsGroup

MARCH 3, 2022

Let’s face it: the influence of weather on your consumers’ behavior is complex and nuanced, and temperature or precipitation data is easily misinterpreted and misused. Using weather data for retail forecasting starts with measuring the impact of weather for specific items, time period, and locations. based on the sales theme.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Supply Chain Shaman

JANUARY 8, 2024

Working on it over the holiday break, allowed me to spend more time to think about the trends that I am seeing in the data. We are currently working with the statistics group at Georgia Tech to understand how the relationship of these metrics changed over time, but more on that in a later blog.) Smaller Focused Companies Win.

Supply Chain Design Software 243

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 243

Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 200

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 200

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 207

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 207

RFgen

NOVEMBER 27, 2024

That’s where data analytics comes in. Modern supply chains thrive on real-time data, execution-focused applications, and dynamic decision-making. In this post, we’ll explore how data analytics can revolutionize your supply chain. Demand Forecasting: Analyze past data to predict future needs.

Optimal Sourcing 82

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 82

Supply Chain Shaman

DECEMBER 7, 2022

Colgate outperformed P&G in Return on Invested Capital (ROIC), and P&G exceeded Colgate in inventory turns. ” So, I started work with Arizona State University to take balance sheet data from 2003-2007 to analyze which combination of metrics drove the highest market capitalization. Analytics Deployment.

Inventory Reduction 55

Inventory Reduction Material Savings Supply Chain Strategy Price Mitigation Strategies 55

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. This downstream data allows for better demand sensing.

Supply Chain Planning Software 252

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 252

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results. Data Volume.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Enchange Supply Chain Consultancy

JULY 3, 2024

Ensure they have the necessary inventory, marketing materials, and training to effectively introduce your products to the market. Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. Use data-driven insights to guide these discussions.

Inventory Reduction 200

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 200

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 261

Case Study Inventory Reduction Agile and Lean Supply Chain Study 261

Supply Chain Shaman

JULY 22, 2019

The research is independent and data-driven. Industry-by-industry, I compiled data for the period of 2010-2018. The source data for the analysis comes from Ycharts.). It is not as simple as trading-off inventory, cost, and customer service. The Supply Chains to Admire analysis is a data-driven discovery by peer group.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254