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

Logistics Viewpoints

MARCH 27, 2023

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. This increases sales.

Forecasting 210

Forecasting Forecasting Software Modeling Optimal Sourcing 210

Vanguard Software

JUNE 22, 2021

There has been a decades-long focus on supply chain optimization, emphasizing minimizing costs, reducing inventories, and driving up asset utilization, which has removed buffers and the flexibility to absorb disruptions. Ken Miller, Director of Inventory, Fountain Tire. Download Case Study. Register Now.

Modeling 52

Modeling Supply and Demand Supply Chain Planning Software Demand Management 52

SYSPRO Smarter ERP

DECEMBER 11, 2023

It can track, manage and report the book value and depreciation of fixed assets. For period-end, companies can close the books quicker and report financials accurately. Revenue management can be improved by automatically generating and dispatching invoices at recurring intervals on time.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 52

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

EMERGE App

DECEMBER 12, 2023

For inventory management, in particular, we’ve seen how cloud apps such as EMERGE are equally at home managing the inventory of artisanal handmade jewelry, exotic car parts, and even industrial chemicals. This is not about construction management ( planning, design, and management of a building project).

Inventory Management Software 52

Inventory Management Software Inventory Management Procurement Solutions Inventory Reduction 52

SYSPRO Smarter ERP

APRIL 22, 2024

You lack visibility into your finances Inventory management is challenging and you either find yourself running out of material or overstocking your supplies, tying up cash. Does this sound familiar: “How can we have so much inventory in the warehouse and yet we never have the right materials for production?”

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Supply Chain Planning Software Optimization Software 105

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

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. .”[3]

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

SCMDOJO

NOVEMBER 17, 2023

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 98

Logistics Viewpoints

MAY 17, 2021

The solution uses machine learning, analytics, and automation to drive purchasing. In some cases, the e-tailer site is reporting a stock out when that is not the case at all. The inventory that needs to be held for an e-tailer is based on the forecast. This better forecasting allows NBG to hold less inventory per sale.

Demand Planning Software 174

Demand Planning Software Modeling Supply and Demand Forecasting 174

ThroughPut

FEBRUARY 14, 2024

Those disciplines include decision management (including advanced nondeterministic techniques such as agent-based systems) and decision support as well as techniques such as descriptive, diagnostics and predictive analytics.” Why is Decision Intelligence Important in the Supply Chain?

Optimal Sourcing 59

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 59

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97

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

MAY 23, 2024

This impact manifests in various forms, including inflated order sizes, increased inventory holding costs, and inefficiencies in production scheduling. Understanding the root causes of the Bullwhip Effect is essential for effectively managing and mitigating it in supply chains.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Price Reduction 52

Supply Chain Shaman

APRIL 19, 2021

“We are considering the purchase of Blue Yonder, Logility, Kinaxis, o9, or OMP. My organization does not believe in demand planning. The lack of belief in demand management is a barrier for us. I know that it sounds funny, but a good demand plan helps organizations to align and discuss the market potential.

Supply Chain Planning Software 284

Supply Chain Planning Software Purchasing Training Eliminating Excel in Purchasing Demand Planning Software 284

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

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Veridian Solutions

FEBRUARY 11, 2019

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing.

Supply and Demand 74

Supply and Demand Modeling Supply Chain Execution Demand Planning Software 74

AFFLINK

NOVEMBER 29, 2018

Grocery stores and big box stores are faced with the need to constantly evolve to meet growing consumer demand for near instant and effortless fulfillment. Due to this increase in demand, managing inventory can be a challenge, but consumer interest in these services makes it a necessity. The Rise of Grocery Delivery.

Inventory Reduction 54

Inventory Reduction Inventory Modeling Price Reduction 54

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning 52

EazyStock

OCTOBER 31, 2022

A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning 52

Arkieva

JUNE 23, 2016

These planning and scheduling decisions occur across a complex playing field organized by decision tier (strategic, tactical, operational, and relevant time response) and organization (corporate planning, factory, marketing, purchasing, etc.). Demand Management. Supply Planning or Match Assets with Demand (MAD).

Supply Chain Planning Software 90

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 90

Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known. Demand latency is the time cycle to translate a channel purchase to an order.)

Gartner 364

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 364

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

Taulia

OCTOBER 17, 2022

These can generally be divided into three categories: Cash flows from operating activities represent the movement of money associated with the ordinary operations of a business – generating revenue and covering costs. The measurement of cash flow is key to efficient cash flow management. Key metrics for measuring cash flow include: 1.

Optimal Sourcing 81

Optimal Sourcing Expense Reduction Inventory Reduction Forecasting 81

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

ThroughPut

JUNE 24, 2022

ACCURATE INVENTORY MANAGEMENT. Accurate inventory management can ensure the right flow of items in and out of a warehouse. Generally, there are many inventory related variables like order processing, picking and packing, and this can become very time-consuming with a high tendency for error. WAREHOUSE EFFICIENCY.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Supply Chain Game Changer

MARCH 13, 2019

Understanding more about the needs and wants of customers can help supply chain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supply chain have focused on a subject: demand sensing.

Supply and Demand 51

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 51

EazyStock

APRIL 28, 2022

Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Adding safety or buffer stock can help you with unexpected demand increases. Inventory management teams need to know what, when, and how much to order.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Software 52

EazyStock

APRIL 28, 2022

Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Adding safety or buffer stock can help you with unexpected demand increases. Inventory management teams need to know what, when, and how much to order.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Software 52

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

A few years ago I purchased a sofa from a well-known furniture store. 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. The future state map will also define improvement metrics and set clear improvement targets for those metrics.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

TPSynergy

JULY 22, 2019

Most companies rely on traditional processes to ensure the gap between demand and supply is as small as possible. These include forecasts and purchasing plans, which are used to order the necessary materials on time. The Importance of a Connected Supply Chain. TPSynergy’s Integrated Supply Chain.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning 40

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

TPSynergy

FEBRUARY 4, 2019

Most companies rely on traditional processes to ensure the gap between demand and supply is as small as possible. These include forecasts and purchasing plans, which are used to order the necessary materials on time. The Importance of a Connected Supply Chain. TPSynergy’s Integrated Supply Chain.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Manufacturing Procurement 40

Logility

MAY 2, 2021

But is using one-number forecasts too suspect given today’s growing availability, visibility, and use of big data, advanced analytics, and intelligent algorithms? This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 147

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 147