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The Process of Software Selection. I am constantly amazed that business leaders can engage with technologists month after month (often over eight and sometimes over a year) to select a supply chain planning system and then call me to ask for help on the decision. How do you define excellence in planning? My struggle? “No.
In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Business leaders see the open sharing of feedback on software as too risky. How can I improve the process of software selection?
Manufacturing ERP (Enterprise Resource Planning) software integrates all your core business processes into one powerful platform. Think of it as the central nervous system of your operation, connecting everything from production planning and inventory control to supply chain management and financial reporting.
Logility, a conservative company supply chain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal. Aptean is orchestrating the Blue Yonder/E2open/Infor playbook of buying undervalued assets and milking the maintenance and Software-as-a-Service contracts with existing customers.
She wrote, “I have been working in the supply chain for 35 years, and we are still trying to solve the “demand” issue. Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” The reason?
Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. To meet these demands and ensure superior delivery experiences, retailers and carriers must leverage last-mile delivery technology.
Choosing the right inventory management software , often referred to as an inventory control system, can be the difference between a well-oiled, profit-generating operation and one plagued by costly mistakes and inefficiencies. The right software empowers businesses to take control of their stock, optimize operations, and drive growth.
The Process of Software Selection. I am constantly amazed that business leaders can engage with technologists month after month (often over eight and sometimes over a year) to select a supply chain planning system and then call me to ask for help on the decision. How do you define excellence in planning? My struggle? “No.
Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. Located in the United Kingdom (UK), he has more than twelve years of experience in progressive roles driving demand-drive projects for their global supply chain. Components of a Demand-Driven Journey. Incrementalism Is Not Enough.
The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving. (The The team was not calibrated on the role of forecasting and the basics around process excellence. Bear with me.
Consumers are ever more conscious of value, sensitive to health and environmental issues – especially after the COVID pandemic, each demanding more options for their money. End-to-end supply chain visibility, planning, and execution support software are critical in agile supply chain performance.
We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.
During the summer months, in one sector the demand for sun cream explodes while in another, it’s the demand for mineral water. Everyone is familiar with such seasonal demands. When a photo of an important influencer wearing a specific outfit, glasses or jewelry goes online, demand for the item may spike.
At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. The genesis of the River of Demand learning activity. While each installed the technology, they are unclear about what drives a good plan. The result? Background.
The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. Engineers could sign up for hour-long blocks to use the new systems. Instead, we need to Jump.
” Followed by “How are you organized, and what defines functional excellence? And, how do you tie functional excellence to corporate value?” Companies became less clear on the definition of supply chain excellence and how to implement decision support technologies. This gap grew over the last decade.
Millions of shoppers, like my Dad, are not going back to their old habits because there are now faster and more convenient ways for buying daily household needs. It excels on a union of E-Commerce mobile apps and last-mile delivery innovations. It also provides an excellent part-time employment opportunity with flexible shifts.
Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Fortunately, with the advent of artificial intelligence (AI), demand forecasting software has undergone a significant transformation.
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Like all innovations, however, developing technology as complex as the human brain requires time and significant investment.Here, too, the journey of AI began as far back as 1956 at a workshop on Dartmouth College’s campus in the U.S
Technology can have a significant impact on supply chains, but supply chain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supply chains for the organizations that adopt them. Artificial Intelligence AND Machine Learning.
Esther is the Chief Revenue Officer at Flowspace , an ecommerce fulfillment platform that helps brands meet their customers’ post-purchase expectations. She was also included in Supply & Demand Chain Executive’s list of “Women in Supply Chain” About Flowspace. About Esther Kestenbaum Prozan.
Excellent firms don’t believe in excellence – only in constant improvement and constant change. What Is Supply Chain Excellence? My second observation is that for 96% of public companies supply chain excellence is slip-sliding away. Reflections on Excellence. Tom Peters. Here, in this blog, I explain.
If the industry were grounded in truth in advertising repercussions, there would be far fewer signs in the airports from consultants and technology providers.). I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. Shifts in Technology. Background. They did it.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. Polluted with well-intended marketing messages by over-zealous technology providers and consultants creates confusion. The genesis for this post stems from frustration.
of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Unequal to the Demand Shifts in the Pandemic. During the pandemic, conventional planning systems were inadequate. Informational Technology groups reporting to the Chief Financial Officer.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. To manage continuous improvement, companies need a clear definition of excellence and organizational alignment to that goal. They do not excel in planning or forecasting.
The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system. Simulation is the most widely used benefit of a digital twin.
Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. The technology teams, focusing on implementation and go-live dates, believes that inventory technologies and processes are equal to the challenge. Success in Selection of Advanced Planning Systems (APS).
Today, supply chain excellence matters more than ever. While the supply chain technology market lost its allure at the start of the last decade, it is now cool again. Leaders are starting to experiment with new technology approaches giving rise to new spending and interest by Venture Capitalists. Talent Demand.
Supply chain software is changing. So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. Why RFIs Fall Short .
Supply chain excellence is easier to say than to explain. The supply chain is a complex non-linear system. The culture is dominated by “lifers” and technology investment is conservative. Keith was an undisputed leader in building talent to drive manufacturing excellence. The reason? Discontinued in 2011.
As businesses become increasingly global, professionals in the supply chain field must keep up with new technologies, trends, and best practices. Summary Table edX Supply Chain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supply chain management.
It should not be confused with the term Integrated Business Planning (IBP) which is the process and technology integration of business and supply planning in S&OP.) At Supply Chain Insights , we conduct twenty quantitative studies a year to understand the impact of technology and process decisions on business results.
For most digital became an excuse to implement more traditional relational database technologies. Most companies invested in enterprise transactional systems, but their networks operate primarily through spreadsheets and email. Most are excited about their new platforms. ” Does the Dog Hunt? I am researcher.
The solution needs to enable real-time visibility and collaboration across your supply chain to meet demand and ensure the accuracy of quality, quantity and timeliness of supply — all to further a more resilient supply chain. The user should also have easy access to related attachments and reference documents.
Grocery retailers that want to excel in this space — while protecting their bottom line — need to optimize their logistics planning. They can choose where and when they want their purchases delivered; retailers trying to outdo each other are providing shoppers with flexibility through more delivery options, faster speed and even lower prices.
CAGR , the global supply chain management software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supply chain management tools to boost efficiency and value in their distribution and logistics network. Growing at an overwhelming rate of 11.1%
Warehouse optimization isn’t just a buzzword; it’s a lifeline for businesses seeking to thrive in the demanding world of modern commerce. It’s a holistic approach that blends strategic planning, streamlined processes, and the right technology to transform your warehouse into a well-oiled, profit-generating machine.
As Raheel Hussain, Director of the Supply Chain Center of Excellence at Reynolds Consumer Products notes during a recent webinar , a level of synchronization is critical to systemically share information and cut down the constant offline back-and-forth (conversations) between different functions.
The tires put on the new cars generate subsequent pull-through demand. Pirelli’s challenge is determining how many units will need to be made and where this replacement demand will come from. Demand forecasting is done in collaboration with OEM customers. In some cases, the company had to buy market data.
The group needed a clear market signal on consumption patterns and the translation of demand with minimal latency to optimize price, mix, and schedule the factory to manage margin. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Technology integration: Leveraging digital tools to enhance visibility and decision-making.
In the process, there is a fine line between marketing hype and overpromising, making buying difficult. The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Yet, the models depict traditional supply chain software deployments. Looks similar to McKinsey, right?
Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. acquired by SAP).
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