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

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

Logistics Viewpoints

MARCH 27, 2023

It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. Companies need to understand how much it is realistically possible to improve their forecasts.

Forecasting 214

Forecasting Forecasting Software Modeling Optimal Sourcing 214

Logistics Bureau

OCTOBER 12, 2024

Procurement is an integral part of the total supply chain The boundary between supply management and a demand management are getting more and more blurred these days. The time when procurement was spoon fed with a demand forecast has long gone.

Cost Reduction Strategies 52

Cost Reduction Strategies Procurement Analytics Optimal Sourcing Procurement 52

Supply Chain Shaman

MARCH 21, 2024

Revenue management is siloed and distinct from demand management, while Transportation Management (TMS) has nothing in common with Distribution Requirements Planning (DRP). Lack of aligned metrics. COE will get pulled into day-to-day issues and not able to manage the longer-term issues.

Inventory Reduction 406

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

Kinaxis

JULY 18, 2014

Even if you’re not you should check out Supply Chain Insights, Supply Chain Metrics That Matter. Thanks to Metrics That Matter, not only did I get some valuable A&D insights but it took my mind off of sitting in row 32 on a delayed flight out of Newark. by Bill DuBois. No registration required.).

Supply Chain Planning 224

Supply Chain Planning Supply Chain Design Supply Chain Strategy Aerospace 224

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Together, they ensure a responsive supply chain that adapts to changing demand. Managed services can help continually evolve business functions to keep up with ever-changing targets while hitting key stops along the way.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

Supply Chain Shaman

JUNE 15, 2018

Figure 1: Supply Chain Metrics Are a Balancing Act. The metrics shown in Figure 1 are difficult to improve together. Most companies improve singular metrics but are not able to drive portfolio. An orbit chart is the linking of data across years at the intersection of two metrics. improvements. I was wrong.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

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. We believe it is the supply chain leader’s role to build and manage supply chain performance to drive year-over-year improvements which are balanced, strong and resilient. So, drum roll please….

Supply Chain Planning Software 279

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

Arkieva

OCTOBER 14, 2020

In this blog, we will illustrate through an example of these potential pitfalls (unanchored, random variation, and narrow metrics) and potential negative impact on a firm. Insight from Applied Statisticians for Forecasting: Is It Worth the Effort and the Mirage of Random Variation was first posted on October 14, 2020 at 8:09 am.

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Forecasting Metrics Examples Modeling 148

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

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. Such quality validation is crucial, as a seemingly simple mislabeling of a product category could potentially lead to, for example, a 10% inefficiency in demand forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Modeling Inventory Reduction 52

Supply Chain Shaman

OCTOBER 8, 2017

” At the other end of the continuum is the argument that “ Forecast error is the most important metric to improve.” I do believe in demand planning, but most companies overstate forecast improvements. Today’s demand management processes have many issues. Redefine Tactical Demand Planning.

Supply and Demand 157

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

Supply Chain Shaman

JANUARY 2, 2023

Water buffalo butting heads symbolize the organizational issues of demand planning. Demand is a tough subject. Organizations butt heads in the discussion of demand. The functions are not aligned and lack a shared understanding of demand management. The root issue is functional metrics. Let me explain.

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Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

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

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

Kinaxis

SEPTEMBER 17, 2014

You cannot look at aggregated data without running specialized reports or extracting the data and loading it into a BI tool.Visibility also means understanding the impact of your decisions on key corporate metrics. How do achieve supply chain visibility ? Comment back and let us know.

Supply Chain Planning Software 263

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

Supply Chain Opz

APRIL 15, 2015

Citation count is a metric we use to separate great inventory book from their peers - Lastly, we carefully review each inventory book and make a final cut Results Drum roll please!

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Material Savings Inventory 100

ShipBob

OCTOBER 24, 2022

Demand forecasting helps the business make better-informed supply decisions that estimate the total sales and revenue for a future period of time. Demand forecasting allows businesses to optimize inventory by predicting future sales. Importance of demand forecasting for ecommerce. How ShipBob makes demand forecasting easier.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

DynaSys

JULY 13, 2021

Performance metrics and KPIs. Demand planning software allows you to create performance metrics and key performance indicators (KPI) to benchmark your company’s success. This creates real-time cohesion through your teams and provides an environment where data and team dynamics can be utilized simultaneously.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

Logistics Viewpoints

AUGUST 4, 2022

A well-engineered solution applied to the right segment can absolutely be well worth the investment, but this is a decision that must be made in context of the business, not just a single forecast accuracy metric. A forecast is an input, not a decision.

Supply and Demand 277

Supply and Demand Forecasting Forecasting Software Demand Planning 277

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 258

Internet of things Real-time Visibility Supply Chain Design Software Supply Chain Network Software 258

DynaSys

AUGUST 17, 2021

We’ve discussed the benefits of gathering data and coming up with a strategy of collaboration when implementing a demand planning cycle. Now it’s time to walk through the importance of Performance evaluation in the Demand Planning Cycle by setting metrics and KPIs.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

ThroughPut

JULY 24, 2024

The demand insights capabilities offer ABC | XYZ segmentation of sellable products, month-over-month product mix and throughput rate tracking, top-performing/under-performing SKU highlights, and focus on main performing metrics (OTIF, OSA) per segment.

Supply and Demand 52

Supply and Demand Forecasting Software Demand Planning Software Forecasting 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 Price Mitigation Strategies 100

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. Remember, many organizations do not understand the basics of demand management. The book is now a very worn manuscript. At the end of the week, we hosted a networking call of the Shaman’s Circle.

Supply and Demand 283

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 283

Supply Chain Opz

AUGUST 2, 2017

Irregular demand, as a consequence of changing customer requirements, now makes operating in new and volatile emerging markets essential to business growth. Then, if you add additional requirements around new product introductions as product life-cycles shorten, the need for effective demand management skills becomes even more complex.

Forecasting 100

Forecasting Supply and Demand Forecasting Software Supply Chain Planning Software 100

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

DynaSys

AUGUST 5, 2021

In demand planning, it’s crucial that you’re all working with the same data sets and metrics when making your plans. If your sales team is working off a different metric, you’ll run into issues in production when your demand plan doesn’t register these potential sales.

Supply and Demand 52

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 52

Supply Chain Shaman

JULY 22, 2016

Learn to navigate the river of demand. Realize that, within the organization, the concept of demand as a flow is not well understood. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. Client Example of Demand Management Across Time Horizons.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

FEBRUARY 11, 2013

The most popular posts are on demand management and Supply Chain Metrics that Matter. The focus of this conference will be the evolution of Supply Chain Metrics that Matter and the launch of the Supply Chain Index (a formulaic representation of supply chain excellence by peer group). The Shaman has served me well.

Gartner 186

Gartner Supply Chain Design Software Modeling Supply and Demand 186

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. Low volume inconsistent demand. Use this data to understand demand predictability. Let’s take an example. New product launch.

Supply Chain Design Software 253

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

Vanguard Software

JULY 6, 2021

A system that integrates demand and supply management means a radical departure from traditional supply chain management models. The shift from a traditional supply planning to a modern solution, such as Vanguard Predictive Planning , requires companies to redesign their systems to include demand management strategies.

Supply and Demand 52

Supply and Demand Modeling Demand Planning Software Supply Chain Planning 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 75

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 75

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.

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