Supply Chain Shaman

JANUARY 9, 2024

How Do You Define Excellence? As an old gal, with over forty-years of supply chain experience, writing this report for ten years taught me many lessons. In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Humility exudes from my fingers as I type this post.

Supply Chain Planning Software 300

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 300

Kinaxis

DECEMBER 3, 2014

Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Imagine that your child brings home their report card and it’s a mix of good and fair grades. Why do companies focus on reducing a specific metric?

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

Supply Chain Shaman

MAY 13, 2024

How aligned do you believe your organization is to drive these metrics? Observations on What It Takes In the Mea Culpa post, I wrote that I used to believe that excellence in S&OP was a ratio of 60/30/10. (60% 60% change management, 30% process and 10% technology.) (See the World Kitchen case study in the Agility Report.

S&OP 352

S&OP Supply and Demand Inventory Reduction Expense Reduction 352

Logility

AUGUST 7, 2017

Ask yourself, “Are your supply chain metrics bogging you down?” ” To manage a supply chain containing complex dependencies between teams, departments and partner companies across international boundaries requires a rich set of metrics. Functionally isolated metrics lead to sub-optimized supply chain performance.

Procurement Analytics 121

Procurement Analytics Metrics Gartner Supply Chain Planning Software 121

Supply Chain Shaman

NOVEMBER 21, 2024

Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. ” My problem is that we move through these hype cycles with little accountability for spending and with a major opportunity cost to not redefine work. Or that a focus on cost reduction can actually undermine value creation?)

Supply Chain Planning Software 294

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 294

Supply Chain Shaman

FEBRUARY 18, 2021

Next Steps: Start to model demand based on market data to align the organization on baseline demand. Resist the temptation to place deeper analytics on top of existing data models. Instead, rethink the model and the approach. Out of desperation, they turned to the use of descriptive analytics. Next Steps.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 288

SYSPRO Smarter ERP

AUGUST 2, 2023

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Analytics Software Optimal Sourcing 98

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 83

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 83

Supply Chain Opz

MARCH 31, 2015

What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.

Procurement Analytics 100

Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing Negotiating Skills 100

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Supply Chain Shaman

AUGUST 12, 2024

It might be a change in modeling technique (like an attribute-based model), shifting the bottoms-up and tops-down forecasting approach (forecasting at a different place in the hierarchy), or the use of channel data. Functional metrics throw the supply chain out of balance creating waste and increasing turbulence.

Waste Reduction 195

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

Supply Chain Shaman

JULY 25, 2021

In general the ERP technology providers underperformed, and the investment was an opportunity cost to the adoption of new forms of analytics and building effective business networks. The Focus Inside-out Supported by Functional Metrics. Instead, the path requires a redefinition of process, metrics, and capabilities.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

FEBRUARY 1, 2024

I see a preponderance of reports and white papers that have lots of pages but say little. Optimization engines to improve functional metric performance resulted in an exploding number of planners. days to receive a purchase order confirmation. The average purchased order changes 3.5 Back to John. On average, it takes 2.8

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. Mistake #3.

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative. So, we began the discussion.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative. So, we began the discussion.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users.

Procurement Analytics 105

Procurement Analytics Report Data Optimal Sourcing 105

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Regardless of your position or situation it is highly valuable to understand the type of interview questions, and answers, appropriate for Procurement and Purchasing professionals. It can appear useless.

Procurement Analytics 68

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 68

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. Strategically approaching the procure to pay process can see your company reap the rewards. In this guide, we’ll cover: What is the procure to pay process. Negotiating.

Procurement Analytics 59

Procurement Analytics Procurement Solutions Manufacturing Procurement Optimal Sourcing 59

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Supply Chain Shaman

JANUARY 8, 2014

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. He is responsible for manufacturing, procurement, supply chain planning, logistics, quality, social responsibility and final product engineering. ” Supply Chain Leader. I am behind. The heat is on.

Procurement Analytics 260

Procurement Analytics Manufacturing Procurement Metrics Procurement Solutions 260

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 21

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 21

DELMIA Quintiq

DECEMBER 28, 2020

Part 2 in the series explores the “analytical scenario exercise” and how decisions based on certain scenarios heavily impact each aspect of the value chain. Ultimately, what KPIs, as metrics and indicators derived from the set of plans are taken into account and prepared for each scenario. Technology for Effective Planning.

Supply Chain Planning Software 296

Supply Chain Planning Software Scenario Planning Modeling Prescriptive Analytics Software 296

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

Forecasting 105

Forecasting Forecasting Software Demand Planning Software Modeling 105

Jaggaer

SEPTEMBER 12, 2024

With the acceleration of Artificial Intelligence and its role in our world and how procurement functions, it’s easy to become overwhelmed by both the possibilities and the risks. Talent retention is a growing priority in procurement and supplier relationships as market demands and technology evolve.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 52

Synovos

FEBRUARY 21, 2023

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Procurement Analytics Cost Reduction Strategies 52

Supply Chain Shaman

JANUARY 2, 2023

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. Models Matter.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

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

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 219

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 219

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) Driving Improvements in Supply Chain Excellence. He felt strongly that supply chain leaders knew how to drive supply chain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

Precoro

MARCH 11, 2024

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

Procurement Analytics 79

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 79

Logistics Viewpoints

DECEMBER 14, 2021

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.

Supply Chain Planning Software 212

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 212

Kinaxis

DECEMBER 12, 2017

When making discretionary purchases, I could look at my projection to make sure that if I made that purchase, I would have enough money in the bank, not only now, but at the end of the month when my mortgage and car loan came out. Then could I buy it? In-memory analytics. For me, this was game changing! Collaboration.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Planning 193

SupplyPike

MAY 14, 2020

The importance of supply chain management What to watch while consumers are panic buying How to implement supply chain management Supply chain management and Walmart. Supply Chain Management (SCM) is a systematic and controlled procurement operation. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

Arkieva

JUNE 28, 2016

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? We might use “availability in Excel directly or with Add-ons” as an “age metric’.). The coffee purchase was rejected.

S&OP 92

S&OP Procurement Analytics Analytics Software Supply and Demand 92