Arkieva

JUNE 28, 2016

To learn more, please read my previous blog ‘ A Guide to Supply Chain Management: Making Intuition More Valuable ’. Our focus today is to discuss the relevance of buzz words such as Analytics, Predictive Analytics, Data Science, and Machine Learning, for S&OP. What is analytics?

S&OP 92

S&OP Procurement Analytics Analytics Software Supply and Demand 92

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. How lean retail impacts business goals and revenue targets.

Agile and Lean Supply Chain 156

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

Logistics Viewpoints

NOVEMBER 19, 2024

When shoppers were asked what would put them off making more ecommerce purchases in the future, 21% indicated they’d had negative delivery experiences, 20% said deliveries were not reliable, and 17% were dissatisfied with the delivery process. Similarly, maintaining a strong chain of custody (e.g.,

Resource Reduction 191

Resource Reduction Price Reduction Cost Reduction Strategies Vendor Strategies 191

Vanguard Software

JUNE 22, 2021

Connected Planning Drives Demand Management and Supply Chain Resiliency. Companies address business imperatives by taking a unified supply chain planning approach to increase demand forecast accuracy. End-to-end demand management – that incorporates commercial and financial decisions – delivers supply chain resiliency.

Modeling 52

Modeling Supply and Demand Supply Chain Planning Software Demand Management 52

Supply Chain View from the Field

OCTOBER 3, 2013

We recently had a senior data analytics professional from a large financial services organization speak in my MBA Supply Chain relationships class. The scope of the datasets his team was working on was limited to supply management, but the sheer volume of data was staggering in its complexity and fragmentation.

Procurement Analytics 60

Procurement Analytics Analytics Purchasing Skills Data 60

SCMDOJO

OCTOBER 7, 2024

It takes into account inventory levels, production, and purchasing lead times, order statuses, as well as forecasts, and customer orders that drive the master production schedule. Eventually, the name was changed to manufacturing resource planning or MRP II, which also integrates capacity planning, forecasting, and demand management.

Manufacturing Procurement 52

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

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

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

Supply Chain View from the Field

DECEMBER 14, 2013

In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurement manager’s role as a support to the Chief Financial Officer.

Optimal Sourcing 74

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 74

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.

Forecasting 214

Forecasting Forecasting Software Modeling Optimal Sourcing 214

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. Types of demand forecasting techniques.

Forecasting 130

Forecasting Forecasting Software Modeling Demand Planning Software 130

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. An ERP allows you to forecast demand, manage inventory levels, and improve procurement , resulting in the right inventory at the right time.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Solutions Supply Chain Planning Software Optimization Software 105

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

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

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

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

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.” Let’s look at the example of a US-based agribusiness.

Optimal Sourcing 59

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 59

Logistics Viewpoints

JULY 6, 2022

That article stated that Target, Walmart, and others recently reported during earnings calls that they have too much inventory in certain item categories and that the cost of holding inventory is negatively impacting their profit margins. Conclusion: Whiplash not Bullwhip Effect.

Inventory Reduction 288

Inventory Reduction Inventory Retail Purchasing Skills 288

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. NBG’s chief digital officer, Don Brett, said that CommerceIQ is a pillar application for them for driving sales through indirect ecommerce channels.

Demand Planning Software 174

Demand Planning Software Modeling Supply and Demand Forecasting 174

Supply Chain Shaman

MAY 30, 2017

I miss the days of Walter Cronkite reporting the news. As I facilitated the class and discussed the findings , the theme of data sharing and demand management was prevalent. Most companies have applied the regional practices of demand management to global teams. Instead, we have talking heads sharing opinions.

San Francisco 152

San Francisco Supply Chain Planning Software Forecasting Software San Jose 152

ToolsGroup

JANUARY 8, 2019

Leverage the proliferation of new data opportunities to better understand the past and predict future demand ( How Demand Management Disruption Will Power the Future Supply Chain , 22 November 2018). In short, any capturable element that influences how customers purchase, whether in B2B or B2C environments.

Supply and Demand 149

Supply and Demand Modeling Demand Planning Software Forecasting 149

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

Veridian Solutions

FEBRUARY 11, 2019

The remainder lies in understanding what demand sensing means for current supply chain and inventory management operations and how to utilize demand sensing best. Failures in the supply chain derive from problems in supply and demand management. Put the Power of Demand Sensing in Your Supply Chain to Work.

Supply and Demand 74

Supply and Demand Modeling Supply Chain Execution Demand Planning Software 74

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. It was an ugly color.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. Companies that operate separate systems for revenue management and demand management create a risk in understanding market trends and gauging price elasticity quickly. With the increase in product complexity, many companies have demand latency longer than supplier lead time.

Gartner 364

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

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. Analytics Workbench.

Supply Chain Planning Software 90

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

Supply Chain Shaman

NOVEMBER 24, 2020

The decline in the purchase of services drives unemployment and the need for governmental stimulus. Spending will be very cyclical based on stimulus payment schedules and the business fundamentals of demand shift. In this period, historic order patterns are a poor proxy for market demand. The net/net?

Supply and Demand 225

Supply and Demand Modeling Supply Chain Planning Supply Chain Design 225

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The Terra Technology investment is one of what we believe will be a series of purchases to build inter-enterprise cloud-based software platforms to redefine supply chain planning.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Material Handling & Logistics

OCTOBER 11, 2017

A few years ago I purchased a sofa from a well-known furniture store. Many companies try to overcome this problem using ERP systems, demand management tools and other advanced software. Simple lean supply chain techniques such as pull and leveling cost very little to implement and can have a big impact on lead times.

Agile and Lean Supply Chain 83

Agile and Lean Supply Chain Lean Inventory Reduction Price Reduction 83

ThroughPut

MAY 23, 2024

Price Fluctuations Promotional pricing and other discount strategies can lead to forward buying, where retailers and distributors purchase larger quantities than needed to take advantage of lower prices. This inconsistency can cause significant issues in inventory holding costs and warehouse space management.

Supply Chain Planning Software 52

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

Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

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.

Optimal Sourcing 40

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

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.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Purchasing Skills Manufacturing Procurement 40

Supply Chain Shaman

SEPTEMBER 24, 2018

They center on how to make a good decision in the purchase of supply chain planning solutions. Most have purchased software, but are dependent on Excel spreadsheets. Sadly, only 7% of companies test before purchase. ” There is a belief that the purchase from an ERP solution provider improves integration.

Supply Chain Planning Software 233

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 233

Supply Chain Game Changer

MARCH 13, 2019

The remainder lies in understanding what demand sensing means for current supply chain and inventory management operations and how to utilize demand sensing best. Failures in the supply chain derive from problems in supply and demand management. Put the Power of Demand Sensing in Your Supply Chain to Work.

Supply and Demand 51

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 51