Supply Chain Shaman

OCTOBER 16, 2023

A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. The focus on functional metrics sub-optimizes balance sheet results. A Focus on Error in Demand Planning. Funny, isn’t it?

S&OP 332

S&OP Supply and Demand Forecasting Supply Chain Design Software 332

Silvon Software

JANUARY 25, 2023

Collaboration between Sales and Operations professionals in the demand planning process is critical if you want to achieve better delivery rates, higher service levels, fewer stock-outs and increased customer satisfaction. THE DEMAND PLANNING PROCESS (FOR SALES) Simplify the inputs needed by Sales.

Supply and Demand 119

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

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. So, I am going to focus here and share my answer: Demand sensing is the application of analytic technologies to detect short-term patterns in channel data and translate it into distribution requirements. It makes a difference.

Supply and Demand 282

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 282

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. Neglecting these can distort your forecast.

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. This would be a three-way tradeoff.

Supply Chain Planning Software 251

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 251

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. Lack of aligned metrics.

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

Supply Chain Shaman

JUNE 5, 2013

Management and planning of the entire network against a value network strategy. Integration of corporate social responsibility metrics in planning. Recognition of asset strategies in go-to-market plans. Ad hoc design planning often focused on a function of the supply chain. Focus is on matching demand and supply.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 223

ToolsGroup

AUGUST 20, 2019

Gartner says that the most common outsourced SCP processes are inventory management, statistical forecasting and service parts planning. Companies moving to BPO in these practice areas are experiencing supply chain improvements in metrics such as inventory turnover and customer service. versus $4.84

Supply Chain Planning Software 214

Supply Chain Planning Software Supply Chain Planning Gartner Supply Chain Software 214

AIMMS

FEBRUARY 20, 2015

Interview with Lora Cecere, Founder and CEO of Supply Chain Insights and Author of Supply Chain Metrics that Matter ( published December 2014 ). Metrics that Matter became a three year research project. I realized that many organizations are very confused about metrics. So I started this book as a summary of this research.

Metrics 120

Metrics Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. The company provides demand and inventory planning solutions based on a public cloud architecture. I look forward to this study every year.

Inventory Reduction 235

Inventory Reduction Supply Chain Performance Cost Reduction Strategies Supply and Demand 235

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. More advanced supply chain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.

Supply Chain Planning Software 279

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 279

ToolsGroup

JANUARY 15, 2024

The software company earns Leadership recognition in supply chain planning and demand planning across regions. BOSTON – January 15, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports.

ToolsGroup 177

ToolsGroup Supply Chain Planning Software Supply Chain Software Supply and Demand 177

Logility

JULY 30, 2024

These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. Sense quantifiable changes : The resident applications, specifically, demand planning, supply planning, and inventory planning all have key variables that contribute to a network model.

Network Optimization Software 198

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 198

ToolsGroup

MAY 2, 2024

Customer reviews consistently rank ToolsGroup highly in G2’s Supply Chain Planning and Demand Planning Categories. This achievement underscores ToolsGroup’s commitment to excellence and innovation in the supply chain industry. Stay in touch with ToolsGroup on LinkedIn , Twitter , YouTube , or visit www.toolsgroup.com.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply and Demand Supply Chain Software 156

Supply Chain Shaman

JULY 12, 2013

Demand volatility is escalating, product portfolios are more complex, and supplier networks are harder to manage. Supply teams are being pressured to reduce costs while demand groups are feeling the squeeze to get the “ demand plan right.” Next week, I will be writing on my new book Metrics That Matter.

Supply Chain Design Software 265

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 265

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

Supply and Demand 246

Supply and Demand Inventory Reduction Supply Chain Planning Software Supply Chain Planning 246

Logility

AUGUST 25, 2020

Poorly implemented demand planning software mis-forecasts demand for branded sneakers. Demand planning systems unable to forecast demand-slowing associated with economic meltdown. in inventory write-down and 20% drop in stock value. A few of the most infamous are listed below. The common thread?

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition).

Modeling 207

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 207

Logistics Viewpoints

DECEMBER 15, 2022

Let’s look at the four most common ways cluster analysis is used for category management and supply chain planning decisions. ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better.

Optimal Sourcing 199

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 199

Logility

JULY 30, 2024

These changes are phased into execution by synchronizing data from changes in demand, inventory, and supply planning systems. Sense quantifiable changes : The resident applications, specifically, demand planning, supply planning, and inventory planning all have key variables that contribute to a network model.

Network Optimization Software 183

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 183

Logility

JULY 9, 2021

When it comes to our vision for digital supply chain twins, advanced analytics, and alignment of planning decisions, Logility is given high praise. Additionally, our customers can optimize their inventory based on size, pack, style, and color with dynamic assortment capabilities.

Supply Chain Planning Software 205

Supply Chain Planning Software Supply and Demand Supply Chain Software Optimal Sourcing 205

Logistics Viewpoints

FEBRUARY 21, 2022

The primary payback for demand and supply solutions comes in the form of reducing the amount of raw material, work-in-process, and finished goods inventory a company needs to carry. There are different types of supply chain planning solutions. Supply chain planning solutions are tradeoff machines.

Supply Chain Planning Software 276

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 276

Kinaxis

FEBRUARY 1, 2018

In my earlier blog , I explored how integrated business planning (IBP) can help bring together finance and supply chain operations. IBP helps achieve key performance indicators (KPIs) like sales, customer satisfaction, inventory level and other metrics outlined in the strategic plan.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Planning Supply and Demand Scenario Planning 150

ToolsGroup

OCTOBER 11, 2017

Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. You must be able to make a direct link between the forecasting accuracy improvement and customer service, cost, efficiency, inventory, cash flow or capability improvements,” says Gartner.

Forecasting 180

Forecasting Supply and Demand Forecasting Software Optimal Sourcing 180

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 283

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 283

SupplyPike

FEBRUARY 5, 2020

What is a demand plan? Demand planning tells you how much inventory you can expect to sell, down to the regional level. Armed with point-of-sales data, knowledge of inventory issues, and accounting for anomalies, you can plan on how much product to manufacture, store in your warehouses, and ship to each region.

Supply and Demand 63

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 63

Supply Chain Shaman

OCTOBER 13, 2022

The larger the organization, the more tension with conflicting functional metrics making decisions more difficult. Note in Figure 1 the gaps from recent research between supply chain planning and manufacturing, logistics, and sales. Inventories increased by 44% due to supply chain volatility. The rules are changing: Demand.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

ToolsGroup

NOVEMBER 27, 2018

According to Ben, who oversees Chainalytics’s Integrated Demand and Supply Planning practice (which includes their Demand Planning Intelligence Consortium), many companies take last year's forecast accuracy metric and simply add a few percentage points to establish the coming year’s goals.

Forecasting 214

Forecasting Forecasting Software Supply and Demand Modeling 214

ToolsGroup

JULY 10, 2018

It has matured as new algorithms and techniques were introduced that took into account lost sales, seasonality, lumpy demand, promotions, etc. Demand Planning. A multi-step operational supply chain planning process used to create reliable forecasts. Demand planning improves on demand forecasting in two key ways.

Supply and Demand 192

Supply and Demand Demand Planning Software Forecasting Forecasting Software 192

ToolsGroup

OCTOBER 4, 2016

In a presentation about Costa Express , Chris Clowes described how just one planner handles the planning for 5600 points of sale. Costa calls their transformation "revolutionary" with significant improvements in operational and logistics metrics and an approximately 10X increase in points of sale.

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

Logistics Viewpoints

OCTOBER 12, 2023

The same “If” statement was repeated for a host of financial and operational metrics. The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing.

Supply Chain Design Software 247

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 247

Logility

JULY 31, 2024

Traditional demand planning has long been owned by only the supply chain organization – gathering data from all corners of the business through lengthy spreadsheets and often leaving out critical information. The collaboration here is part of the Demand Planning process which is the start of the S&OP process for most companies.

Supply and Demand 188

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 188

Logility

JULY 31, 2024

Traditional demand planning has long been owned by only the supply chain organization – gathering data from all corners of the business through lengthy spreadsheets and often leaving out critical information. The collaboration here is part of the Demand Planning process which is the start of the S&OP process for most companies.

Supply and Demand 192

Supply and Demand Forecasting Forecasting Software Supply Chain Planning Software 192

Supply Chain Shaman

DECEMBER 18, 2014

I had worked hard to teach the team presenting to talk the language of demand , but it was not understood at the board-room level. Instead, invest in learning the new processes that are evolving to use channel data and to sense demand. Demand sensing typically improves inventory turns by 11% and reduces obsolescence.

Supply and Demand 279

Supply and Demand Forecasting Supply Chain Planning Software Forecasting Software 279

Kinaxis

MARCH 7, 2018

“In the beginning, it was tough,” admits Benji Green, Avaya’s Senior Director, Integrated Supply Chain Planning & Operations, in a recent article published by Supply Chain Digital. “12-hour Tracking success: Metrics matter. Now Avaya is leading the way, exceeding industry benchmarks in 11 key metrics. Supply planning.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Case Study 141

Logility

JUNE 23, 2023

They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. That’s why we’re here to break it down for you and show why it’s high time you included causal forecasting in your demand planning toolkit. What is Causal Forecasting?

Forecasting 190

Forecasting Forecasting Software Modeling Predictive Analytics Software 190