Supply Chain Shaman

SEPTEMBER 13, 2023

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 issues are largely rooted in politics and the lack of clarity on supply chain excellence. Or planned orders to purchase orders?) Go to the source.

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

Kinaxis

OCTOBER 20, 2014

Reason #4 Making key decisions by modelling the supply chain in Excel. That got me thinking about why I was throwing away what had been perfectly good food; I had forecasted needing a certain amount, but the customers (my family) didn’t take what I’d forecasted. Better forecasts – Forecasts are always wrong!

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. The planning process should be automated, repeatable, and not dependent on Excel-based manipulation.

Supply Chain Planning Software 233

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 233

ToolsGroup

JUNE 10, 2022

Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. Image source: National Retail Association. Image source: Twitter. Image source: Ikea.

Customer Service 295

Customer Service Examples Price Reduction Sourcing Strategies 295

Supply Chain Shaman

JUNE 3, 2024

similarly, over 95% of manufacturers invested and implemented supply chain planning, but their primary tool today is Excel. This technique has been very useful for retail store inventory and MRO where demand is lumpy, latent, and difficult to forecast. ” Does the Dog Hunt? Makes sense. So, my conclusion?

Supply Chain Planning Software 343

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 343

Supply Chain Shaman

NOVEMBER 11, 2020

Today, supply chain excellence matters more than ever. I forecast that this interest will grow and the market is going to become more confusing. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.

Supply Chain Design Software 304

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 304

Supply Chain Shaman

AUGUST 12, 2024

I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. The populist narrative of sourcing globalization is only part of the story. Forecastability. In 2015, the forecastable volumes were over 50%. Let me explain.

Waste Reduction 195

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 195

Supply Chain Shaman

SEPTEMBER 24, 2018

<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. 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.

Supply Chain Planning Software 233

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

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 initial software product release name was Real-Time Forecasting. DS replaced rules-based forecast consumption with better math (statistics and pattern recognition).

Supply Chain Planning Software 150

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

Supply Chain Shaman

SEPTEMBER 30, 2014

Source Wikipedia. Consumers want to shop anywhere, and buy in the way that they want to buy. …there is not substitute for an accurate PI signal in supply chain excellence. Additionally, get good at forecasting. Measure your own Mean Absolute Error (MAPE) of your forecast and focus on driving improvement.

Forecasting 297

Forecasting Optimal Sourcing Forecasting Software Supply Chain Network Software 297

Supply Chain Shaman

DECEMBER 17, 2018

Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The Company implemented SAP Advanced Planner and Optimizer (APO) including the standard functionality of Demand Planning (DP), Supply Network Planning (SNP), and Production Planning and Detailed Scheduling (PPDS), yet many planners also used Excel.

Demand Planning Software 255

Demand Planning Software Supply and Demand Supply Chain Planning Software Supply Chain Design Software 255

Logistics Viewpoints

APRIL 14, 2022

A best-in-class solution must also support your workflows and a full range of processes including purchase orders, forecasting, capacity and inventory collaboration as well as quality management and coordination around supply risk. He is passionate about the role technologies play in driving supply chain excellence and business growth.

Supply Chain Planning Software 242

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 242

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Supply Chain Shaman

JANUARY 14, 2013

It was a story where people believed that functional excellence leads to supply chain superiority. I strongly feel that a blind focus on functional excellence will cause the supply chain to become out of balance. One that is going to eat you up! In part one of this blog series, I started the saga of the supply chain fairy tale.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

The Logistics of Logistics

OCTOBER 30, 2023

He is a board member of the Association for Manufacturing Excellence (AME) and a contributor to the Forbes Technology Council , Manufacturing Today, WardsAuto , Supply Chain Brain, Industry Today, Aerospace Manufacturing and Design, ASSEMBLY , and more. Richard previously founded and led Factory Logic, Inc. acquired by SAP).

Optimal Sourcing 244

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 244

Logistics Viewpoints

SEPTEMBER 20, 2022

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. We need planning platforms to keep up with all the changes.

Supply Chain Planning Software 226

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 226

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Shaman

JUNE 21, 2023

The company’s focus on item proliferation resulted in 40% of items moving into a non-forecastable category. Since the company does not measure forecastability, the team continued to use traditional methods for forecasting, increasing the bullwhip effect and driving internal supply chain disruption.

Gartner 361

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 361

Supply Chain Shaman

JANUARY 25, 2024

As product complexity increased, item forecastability decreased, and companies chased cost reduction. Many of these outsourced products have demand latency of weeks and months (shelf purchase through the replenishment cycle for a manufacturer to receive an order). The Network Enablement is Not Equal to the Opportunity.

Supply Chain Network Software 273

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 273

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. Less Collaborative.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Supply Chain Shaman

OCTOBER 8, 2019

The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. The budget is not sufficient and is often a detrimental input for supply chain forecasting. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Logility

DECEMBER 15, 2023

Planting the Seeds of Resilience Most companies understand that accurate forecasts are critical to minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Supply Chain Shaman

FEBRUARY 14, 2022

Orchestration enables companies to effectively manage trade-offs between source, make, deliver and sell.) Tight coupling of the supply chain forecast to the financial forecast will improve value. Demand latency is two-eight weeks delayed from consumption purchase to translate to an order. Don’t believe me?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

FEBRUARY 16, 2024

” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency. Or mine supplier shifts to build alternate buying plans. Forget the concept of a junior planner. Test and Learn.

Supply Chain Planning Software 388

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 388

Kinaxis

AUGUST 24, 2015

It never ceases to surprise me when I hear how many enterprises entrust a mission-critical task to the desktop spreadsheet software Excel®. So what’s wrong with Excel? For example, with Excel you can’t easily: Integrate information from many sources. The post Excel, ERP and Legacy Apps, Oh My!

S&OP 100

S&OP Supply Chain Planning Software Supply Chain Design Software Forecasting Software 100

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). Today, only 4% of companies are the first to buy new technology—a 40% decline from post Y2K in 2001. We started the conversation with sourcing. Lucas had a team that dictated sourcing based on excel spreadsheet analysis to reduce cost and improve tax efficiency. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

JUNE 6, 2015

I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. As a result, we can push and push on forecasting processes and not drive improvement. I worked first at Gartner Group and then at AMR Research. I was a skeptic.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

ToolsGroup

NOVEMBER 4, 2022

Source: Insider. It’s possible that in the meantime, consumers have gone elsewhere to make their purchases, and demand has diminished before you could capitalize on it. In fact, when a store is out-of-stock for an item they planned to buy, 21% of consumers will leave and buy the item from a competitor. Seasonal Demand.

Inventory Reduction 156

Inventory Reduction Material Savings Cost Reduction Strategies Inventory 156

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Kinaxis

SEPTEMBER 27, 2017

Tailor your supply chain to cater to diverse businesses: In his keynote, Mourad Tamoud, EVP of Global Supply Chain Operations of Schneider Electric talked about how they are segmenting their supply network based on their customer personas and purchasing behaviors. Sourcing leader becomes Innovation coordinator. Collaborative.

Gartner 117

Gartner Pharmaceutical Agile and Lean Supply Chain Supply Chain Execution 117

Supply Chain Shaman

MAY 18, 2019

Dependency on Excel. Due to the shortfalls in the evolution of Advanced Planning, 68% of business users use Excel spreadsheets as the primary mechanism for planning. Excel–while widely used for planning–is not equal to the challenge of modeling complex supply chains. Don’t rush to buy. The result?

S&OP 180

S&OP Supply and Demand Supply Chain Planning Software Supply Chain Design Software 180

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? My response is “Hogwash.” By definition, this requires a global supply chain. A Need to Rethink Work.

Modeling 284

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 284

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. Demand Sensing.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. 2) Market-Driven Forecasting. Bio-engineering? Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

Logistics Viewpoints

MARCH 1, 2021

The prevalence of smoking is going down, but the world’s population is increasing; the net result is that the forecast for the number of smokers is essentially flat in 2025 as compared to 2010. We needed to simulate multiple scenarios of significantly increased capacity and sourcing complexity, at speed and over a long planning horizon.

Modeling 206

Modeling Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 206

Logistics Viewpoints

OCTOBER 31, 2022

ZF transforms those purchased products into over 2,000 products. ZF sends the call-off, along with the forecast, not just to their suppliers, but to their carriers and 3PLs. Sobeck explained, forecast accuracy had been declining as product sales became more volatile. Sobeck explained, are even more important. “We

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 224