ToolsGroup

DECEMBER 16, 2021

Intelligent demand management software is the key technology enabler of lean retail merchandise management. Inventory is retailers’ greatest asset AND liability. Nearly all of most retailers’ capital is tied up in their inventory, so it’s crucial to make sure that every item counts. Retailers are losing $1.75

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Opz

APRIL 15, 2015

What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. Measurement. Organizations speak of the bullwhip, but don’t measure it or monitor the effects.

Supply Chain Planning Software 394

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 394

Logility

JANUARY 22, 2014

Demand management has always been at the top of supply chain professionals’ list of challenges. Against this backdrop, it is interesting that many companies still depend on spreadsheets for demand planning and S&OP , as noted in the recent survey by APICS ( see Are Spreadsheets the Answer , SC Digest, September 2013 ).

Demand Planning Software 101

Demand Planning Software Supply and Demand Supply Chain Planning Software Demand Management 101

Silvon Software

JANUARY 25, 2023

The demand planning process must be easily understood and should convey who does what, and by when. At a minimum, sales should start with a statistical base forecast and historical data provided by the demand manager and make incremental changes each month. Tie forecast metrics to operational and financial metrics.

Supply and Demand 119

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 119

Vinculum

JUNE 3, 2020

Inventory management plays a vital role in building a sustainable, scalable and profitable eCommerce business. No matter how expert you are, how bigger or smaller your business may be, what products you sell, or who do you serve, lack in your inventory management can bring bigger challenges in your business success.

Inventory Management Software 59

Inventory Management Software Forecasting Software Supply Chain Planning Software Demand Planning Software 59

Logistics Viewpoints

OCTOBER 23, 2024

Product Lifecycle Management DPPs should be integrated into product lifecycle management to provide detailed insights into every stage of the product’s journey, from production to disposal. DPPs allow organizations to monitor each component’s origin and manage the product’s lifecycle in a transparent, efficient manner.

Resource Reduction 243

Resource Reduction Vendor Strategies Inventory Reduction Price Mitigation Strategies 243

Supply Chain View from the Field

APRIL 1, 2015

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Step 2 – Develop Metrics and Data Sources.

Cost Reduction Strategies 60

Cost Reduction Strategies Material Savings Inventory Reduction Resource Reduction 60

Supply Chain Shaman

JUNE 15, 2018

My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. This is especially true for the Titans.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Kinaxis

JULY 18, 2014

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. The challenge is balancing reduced material delays with rising inventory levels and longer Days of Inventory. by Bill DuBois. Are you looking for some reading material to pass the time on your next flight? No registration required.).

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Supply Chain Strategy Aerospace 224

Supply Chain Shaman

JUNE 30, 2018

Companies with the lower score on the Index are driving faster rates of metrics improvement. Energizer and Unilever are driving the fastest rates of improvement and Clorox and P&G improvement rates are the slowest on the Metrics That Matter of Growth, Operating Margin, Inventory Turns, and Return on Invested Capital (ROIC)).

Supply Chain Design Software 163

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 163

ShipBob

OCTOBER 24, 2022

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Maybe you only have a slight understanding of demand for your products.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

ThroughPut

MAY 22, 2024

Following this, data sources are identified and shared, and success metrics and business outcomes are defined so that everyone works toward the same goals. Step 3: Metric Selection During the next step, we focus on validating key metrics. can provide tangible indicators of success.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns. for inventory turns define best-in-class performance? for inventory turns define best-in-class performance?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. While other “lists” use ROA, Inventory Turns and Revenue Growth, I find Lora’s science very objective. There has been so much discussion on the “top” supply chain lists. So, drum roll please….

Supply Chain Planning Software 279

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

Supply Chain Shaman

JANUARY 2, 2023

While retailers use the forecast for inventory management and assortment planning, a manufacturer uses the forecast not only to manage inventory but also to align manufacturing capacities to manage constraints. Water buffalo butting heads symbolize the organizational issues of demand planning.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

Logistics Viewpoints

SEPTEMBER 25, 2024

In retail environments, IoT-enabled systems manage inventory levels and provide feedback about stock conditions, further enhancing the DPP’s accuracy. Even at the end-of-life stage, IoT plays a role by helping track recycling and disposal processes, ensuring that materials are managed correctly.

Internet of things 257

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 257

SCMDOJO

OCTOBER 7, 2024

On the other hand, ERP, or enterprise resource planning, includes a wide array of business functions, like inventory tracking, accounting, finances, human resources, customer relationships, and more. Inventory Management: Tracking and managing inventory levels to ensure adequate stock while minimizing excess inventory costs.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Inventory Management Software Forecasting Software 52

Supply Chain Shaman

OCTOBER 8, 2017

If we look back at history, 70% of companies implemented Vendor Managed Inventory (VMI), however two-decades later only 1% of companies use VMI processes to drive a better demand signal. I do believe in demand planning, but most companies overstate forecast improvements. ” I am in the middle. Everyone has a bias.

Supply and Demand 157

Supply and Demand Supply Chain Design Software Supply Chain Planning Software Forecasting Software 157

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. It replaces rules-based consumption in demand planning, and will improve short-term forecasting by 30-35%. The average client that has implemented demand sensing technologies has reduced inventory by 11%.

Supply and Demand 283

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 283

ThroughPut

JULY 24, 2024

Difference Between Demand Forecasting and Demand Sensing Software The Objective of the Software Systems Demand forecasting utilizes historical data to predict demand on a long-term basis. This helps plan well and ahead for the future, be it labor, production, or inventory planning.

Supply and Demand 52

Supply and Demand Forecasting Software Demand Planning Software Forecasting 52

ThroughPut

AUGUST 12, 2024

Key Benefit #1: SKU-level Demand Insights ThroughPut AI offers a detailed view of each SKU, allowing you to identify high-value, low-value, high-demand, and low-demand items. This real-time, data-driven approach enables you to focus on key SKUs and maintain sharp performance metrics.

Supply and Demand 52

Supply and Demand Demand Planning Software Prescriptive Analytics Software Supply Chain Planning Software 52

Kinaxis

SEPTEMBER 17, 2014

So a scheduler at one plant has no visibility as to the inventory position, capacity or material supplies at another plant. In our drop in situation, you could have sufficient inventory at a different site but never know it because you can’t see it. The only recourse is to pick up the phone or pound out an email to find out…or guess.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Visibility Modeling 263

Supply Chain Shaman

MARCH 9, 2020

Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. As companies outsourced—greater dependency on third parties for manufacturing and transportation—and asset utilization grew from 10% to 35% ROIC the management of the supply chain became more complex.

Supply Chain Design Software 312

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 312

Kinaxis

FEBRUARY 5, 2015

The author, Osgood Vogler, Director, Analytics, Celestica Supply Chain Managed Services, describes an insight-based demand management process: So, how do you take the guesswork out of forecast planning? Demand planning has a big impact on business performance. How predictable is the demand? Let’s find out.

Forecasting 100

Forecasting Supply Chain Planning Software Forecasting Software Scenario Planning 100

Taulia

OCTOBER 17, 2022

The measurement of cash flow is key to efficient cash flow management. Key metrics for measuring cash flow include: 1. The cash conversion cycle (CCC) : The time in days that it takes a firm to convert investment in inventory and other resource inputs into cash flows from sales. Shortening the cash conversion cycle.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

Logility

JANUARY 16, 2018

Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics. Here in lays the crux of the issue with demand sensing.

Supply and Demand 102

Supply and Demand Demand Planning Software Forecasting Supply Chain Planning Software 102

ThroughPut

JANUARY 2, 2023

The Demand Sensing Module is a strong data-driven go-to planning and forecasting tool, to accurately analyze and correlate demand insights and respond to fluctuating margins and inventory needs. “ Demand Sensing is the first step of putting your end-to-end supply chain on autopilot. 2) Better inventory management.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Capacity Optimization Software 52

BlueYonder

APRIL 24, 2023

Across that complex value chain, every second of every day, each partner is digitally contributing information about costs, timing, inventory levels, product availability and other key metrics. The end result?

Optimal Sourcing 79

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 79

Alloy

AUGUST 20, 2019

But out of that weekly or daily data deluge, what are the crucial metrics? This metric is the best indicator of true demand because it measures when an end consumer actually buys a product, not just when a retailer places an orders, or sell-in. And how do they inform better strategy and execution moving forward?

Negotiating Skills 40

Negotiating Skills Negotiate Pricing Alloy Price Reduction 40

ShipBob

SEPTEMBER 11, 2023

Having a single source of truth offers businesses an easy way to view how much inventory is coming in or going out, how many sales are being generated from each channel, and where any bottlenecks might be occurring. This lack of uniformity led to a reduction in inventory movement visibility. “We

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Inventory Management Software 52

Talking Logistics

APRIL 27, 2015

The first element are the comprehensive set of strategies covering all the functional elements of your supply chain, including supply management, procurement, demand management, production, inventory management, distribution, customer service, and reverse logistics.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Supply Chain Shaman

JULY 22, 2016

A Focus on Horizontal Processes to Support Demand Flows. A Focus on Demand Flows. The river of demand has many tributaries. Each demand segment is a tributary forming the river. Learn to navigate the river of demand. Realize that, within the organization, the concept of demand as a flow is not well understood.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Material Handling & Logistics

OCTOBER 11, 2017

The longer the lead time is, the more inventory you will need to hold and the greater the risk that you will have shortages of the things you really need. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. I am paying half the price so I am prepared to wait.”.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

Supply Chain Shaman

AUGUST 26, 2015

” Today, I know of less than twenty-five companies that actively sense demand, and while we talk about the use of channel data and the building of demand sensing processes to use channel data, it is still an elite group of supply chain leaders that are perfecting the techniques. And, what will signal an upturn?”

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Arkieva

JUNE 28, 2016

We might use “availability in Excel directly or with Add-ons” as an “age metric’.). Demand Management. Moving from a point estimate of demand to capturing the likelihood in a usable fashion. Identify latent demand opportunities. Demand Shaping based on buy patterns and your production and inventory capabilities.

S&OP 92

S&OP Procurement Analytics Analytics Software Supply and Demand 92

Aera Technology

NOVEMBER 2, 2017

We often lack the basic cross-business visibility we need to address the core challenges of reducing inventory, trimming costs and improving service level. The self-driving supply chain is a growth driver for businesses, it drastically reduces time to market for new innovations while managing inventory, cost, speed and quality of service.

Supply Chain Software 58

Supply Chain Software Prescriptive Analytics Software Supply Chain Optimization Agile and Lean Supply Chain 58