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. The question is, “Why?

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Supply Chain Game Changer

SEPTEMBER 15, 2021

Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Subscribe Here!

Inventory Management Software 92

Inventory Management Software Manufacturing Procurement Inventory Management Supply Chain Planning Software 92

Logistics Viewpoints

NOVEMBER 30, 2020

Finally, inventory accuracy can never be as high in a store as in a warehouse. According to Mr. Valdez, there were four critical improvement initiatives spanning inventory management, transportation, automation, and operational excellence. A buyer now “purchases for one business.” Target charges $9.99

Procurement Analytics 130

Procurement Analytics Forecasting Inventory Reduction Eliminating Excel in Purchasing 130

Enterra Insights

JUNE 24, 2022

Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them. The following video provides a quick lesson about how barcodes work. ” • Inventory control : “Barcodes improve inventory management and reduce excessive spending on products.

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

SCMDOJO

OCTOBER 23, 2024

Pricing Structure Affordable pricing, with annual access to purchased courses and practical resources through Pro Plan. This learning platform covers every angle of supply chain management, from demand planning and inventory management to supplier relationship management, procurement, and logistics. Click here!

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Course Supply Chain Software 52

Unleashed

NOVEMBER 26, 2020

How to calculate Safety Stock levels in Excel. You can calculate safety stock levels in Excel by setting up your spreadsheet as per the image below. The safety stock formula can be calculated in Excel with a simple table. Safety stock is a buffer of inventory held to protect against stock-outs. Stock outs and efficiency.

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

Logility

MAY 22, 2020

Users are accustomed to building everything in Excel and manipulating the data as needed for their own particular use, typically using static reports or spreadsheets that are siloed in specific departmental needs. A key first step is to have buy-in at the highest level of the organization. Starting at the Top. Other Suggestions.

Analytics Software 148

Analytics Software Metrics Supply Chain Design Software Supply Chain Software 148

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform.

Supply Chain Visibility 98

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 98

Unleashed

JANUARY 4, 2022

A subset of eCommerce, social commerce supports engagement with consumers, and elicits user-generated social contributions to assist the buying and selling of products and services online. Adding this technology means consumers can use a phone or laptop to see a live video of their room with the new furniture.

Trends 98

Trends Modeling Software Predictive Analytics Software Supply Chain Planning Software 98

Stord

MAY 21, 2024

Rising Tension: Turning the Page on Fulfillment Software Brave Books, like many brands, started out managing inventory with Google spreadsheets (many brands we talk to think that a whiteboard is sufficient). This meant inventory records were easily inaccurate, with one wrong keystroke causing everything to get out of sync.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Supply Chain Software Software Inventory Reduction 78

ToolsGroup

MARCH 25, 2020

Had they gone public (nice in hindsight), they could have had funds to ride out the dot.com era and to buy the company that bought them. A system that optimizes inventory (especially in a time of turmoil) can remove excess capital and focus those resources on products in high demand. Some projects make money to fund other projects.

Supply Chain Planning Software 168

Supply Chain Planning Software Optimal Sourcing Gartner Optimization Software 168

Logility

MARCH 24, 2021

Revenue and demand Service levels Inventory levels Profits and margins Cash flow. These critics sensed a sinister “rebranding” ploy designed to get companies to purchase technology and services they already own but perhaps have not fully implemented. Don’t end up like the proverbial “two bald guys arguing over a comb.”

Supply Chain Planning Software 173

Supply Chain Planning Software Scenario Planning Supply Chain Planning Supply Chain Design Software 173

Unleashed

OCTOBER 27, 2021

Global supply chain disruption, rapid technological evolution, changing buying and selling habits – wholesale distributors have had to deal with some rapid and radical changes over the past couple of years. Excelling in online selling and logistics may convince your customers that your service is still the most cost-effective and efficient.

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

Precoro

JULY 29, 2024

An online procurement system, also known as e-procurement software, is a digital platform designed to streamline and automate the buying process within an organization. At its core, an online procurement system centralizes purchasing activities. At its core, an online procurement system centralizes purchasing activities.

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

DELMIA Quintiq

JULY 5, 2017

From my previous blog post , it’s clear that the road to achieving sales and operations planning (S&OP) excellence is not an easy one. Watch the video below to see how to address your biggest S&OP workflow challenges. They also experience lower safety stock and inventory levels.

S&OP 136

S&OP Supply and Demand Modeling Optimal Sourcing 136

BlueYonder

NOVEMBER 10, 2023

Inventory Processing and Order Management Efficiency Has Become a “Make” or “Break” Issue One of the main challenges WD&M faces is transforming away from legacy approaches to inventory processing and order orchestration, as well as moving toward solutions primed to handle omni-channel. The result? So, what’s the solution?

Manufacturing Procurement 91

Manufacturing Procurement Optimal Sourcing Real-time Visibility Demand Planning Software 91

Unleashed

DECEMBER 5, 2023

Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Inventory management Inventory management can feel like a constant battle for eCommerce retailers. Focus on the tools that will bring the most value to your company.

Inventory Management Software 52

Inventory Management Software Predictive Analytics Software Supply Chain Design Software Demand Planning Software 52

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 267

Enterra Insights

NOVEMBER 2, 2021

Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption.’ This could be a replacement for the old term of Production and Inventory Management since it is now included within the broad definition of SCM.”.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 130

Unleashed

FEBRUARY 4, 2024

For retailers, inventory is more than just a list of products: It’s also the mainstay of your retail operations, the source of your revenue, and the foundation of customer satisfaction. Retail inventory management is therefore the key to managing inventory costs and movements effectively. What is retail inventory management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Unleashed

OCTOBER 4, 2020

It ensures consistent repeat purchases over time, regardless of price, convenience or even a global pandemic. AB InBev partnered with Somnis Bedding , a Belgian mattress manufacturer, to buy and operate a custom-built machine to produce face masks for employees, customers, and partners. An apt example is Corona beer.

Sourcing Strategies 82

Sourcing Strategies Material Savings Inventory Reduction Cost Reduction Strategies 82

Unleashed

JULY 23, 2024

Inventory control software is a pivotal tool for managing stock levels efficiently. It helps streamline the process of tracking, ordering, and distributing inventory to bring your carrying costs down and improve productivity. What makes the best inventory control software? However, every business has unique needs.

Inventory Management Software 52

Inventory Management Software Analytics Software Forecasting Software Demand Planning Software 52

SupplyPike

JANUARY 16, 2020

An SSO is usually requested by the buyer or replenishment manager, but the analysis of which stores need inventory and how much is often left up to the supplier. Committed Buy SSO. A “committed buy” SSO occurs when Walmart guarantees to buy a certain number of units. Next, you’ll need to manually combine them in Excel.

Forecasting 52

Forecasting Vendor Strategies Eliminating Excel in Purchasing Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 6, 2019

Customers now have access to anything their hearts desire, and inventory management has become a new animal. These analytics help supply chain leaders understand how to layout inventory across all shipping channels to maximize purchases. The idea of buy online and pick up in-store (BOPIS) can leverage supply chains in two ways.

Analytics Software 60

Analytics Software Procurement Analytics Analytics Warehousing 60

Logistics Bureau

JANUARY 21, 2020

In this retrospective of the highs and lows of the year, learn which retailers excelled, and which ones looked like they might be struggling in the fiercely competitive online retail arena. The necessity to increase inventory levels. The need to move inventory around and adjust networks to be closer to customers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Retail 52

OptiProERP

JANUARY 17, 2023

Inventory Management. Having the right inventory on hand to build your products is crucial. At the same time, you don’t want to have too much inventory, as that results in carrying costs and waste. It should track the status and location of every inventory item. Supply Chain Management.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Manufacturing Negotiating Skills 52

Supply Chain Shaman

SEPTEMBER 13, 2016

As shown in Figure 1, the biggest obstacles to power improvement/performance are traditional supply chain thinking, the lack of organizational alignment and a focus on functional excellence. Companies using traditional technologies coupled with Excel spreadsheet ghettos will be at a disadvantage. These are tough to overcome.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

Unleashed

MARCH 21, 2021

The procure to pay process is complex and far more than simply making a phone call, or sending a few emails to arrange the purchase of goods. Keeping all the data when it comes to a company’s purchasing process, let alone organising it, is a daunting task. You should think about: What are your inventory needs, and why?

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Game Changer

AUGUST 21, 2019

It is also sometimes known as “buy online, pick up in store”, or BOPUS for short. Consumers around the world are showing a growing appetite for the speed and convenience of the buy online, pick up in store model. It may also be a good idea to create a short explainer video to use across social media.

Purchasing Training 52

Purchasing Training Cost Reduction Strategies Resource Reduction Purchasing Skills 52

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 97

The Network Effect

APRIL 16, 2015

Business sense tells us that we want to sell what we make, or buy; we want to carry in available stock and we want to keep our supply chains operating at minimum costs and maximum speed to provide these goods to the customer. Defining the value propositions for why customers will buy a product is critical to the business strategy.

Modeling 100

Modeling Supply and Demand Gartner Demand Planning Software 100

Unleashed

DECEMBER 19, 2018

Multichannel selling allows customers to shop and purchase through whichever channel they prefer. Each channel offers a separate opportunity to interact with the brand and make purchases. When businesses are looking to buy from other businesses, the B2B model comes into play. What is multichannel selling? What is B2B eCommerce?

Manufacturing Procurement 60

Manufacturing Procurement Modeling Software Sourcing Strategies Price Reduction 60

Supply Chain Shaman

NOVEMBER 9, 2014

They had seen my videos on the website and needed a speaker for their global kick-off meeting. This team is not buying the message. So much so, that three years ago, I founded a research company to focus on understanding supply chain excellence. My favorites are customer service, operating margin, inventory turns, and ROIC.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Vinculum

AUGUST 29, 2021

In addition to marketing, you can seamlessly integrate sales, customer service, and even in-store experiences so a customer can quickly move from channel to channel to complete their purchase. ‍ Provide seamless omnichannel shopping from beginning to end (including post-purchase). Why is an omnichannel experience necessary?

Omnichannel 59

Omnichannel Eliminating Excel in Purchasing How To Resource Reduction 59

Logility

MARCH 30, 2020

Dan Gilmore of SC Digest recently posted in his Supply Chain Video News for the week of March 16 a surprising stat released by ISM. Achieving robust supply chain data management capabilities requires: The establishment of organizational roles and business processes that continuously drive towards supply chain data management excellence.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Disruption 130

Logistics Bureau

APRIL 3, 2023

Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.

Optimal Sourcing 75

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 75

Requis

FEBRUARY 4, 2021

Nicolas Vandeput is a supply chain data scientist who specializes in demand forecasting and inventory optimization. He has taught forecasting and inventory optimization to masters’ level students since 2014. You can listen to the podcast below, or watch the video version on YouTube. It gave me a window into inventory complexity.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Modeling 52