Supply Chain Shaman

JUNE 23, 2020

I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes. I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. 06/2020 Kinaxis buys Rubikloud for 60M$. Stay tuned. They did it.

Supply Chain Design Software 294

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 294

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Visibility Maturity Model.

Prescriptive Analytics Software 178

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 178

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. With rapid fluctuations and uncertainty, predicting customer demand is like shooting in the dark.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Elementum

FEBRUARY 7, 2024

This integration allows for the automation of straightforward tasks, freeing up resources for more complex processes that require AI’s predictive capabilities and decision-making. Predictive analytics forecast potential disruptions, allowing for proactive measures to minimize delays and enhance customer satisfaction.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

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 91

Procurement Analytics Procurement Solutions Purchasing Training Purchasing Skills 91

Supply Chain View from the Field

DECEMBER 14, 2013

In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurement manager’s role as a support to the Chief Financial Officer.

Optimal Sourcing 74

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 74

NC State SCRC

AUGUST 31, 2024

This is particularly true in the supply chain field, where investors and start-ups are throwing around terms such as “Artificial Intelligence”, “Predictive Analytics”, “Machine Based Learning”, Robotic Process Automation, and Generative AI. But today, that isn’t the case… but it is changing. What will this look like?

Supply Chain Planning Software 52

Supply Chain Planning Software Analytics Software Predictive Analytics Software Supply Chain Software 52

Claritum

JUNE 13, 2019

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I rapidly came to the conclusion that these articles were excellent at the helicopter view of the challenges, however seemed unable to apply categorisation to the challenges. Introduction.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

SCMDOJO

MARCH 27, 2024

It is also a means to maintain a competitive edge and operational excellence. That could include AI-driven analytics, real-time tracking, and integration with loT devices. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Hence, it offers an accessible and streamlined procurement solution.

Supply Chain Design Software 73

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 73

Precoro

OCTOBER 6, 2022

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. From whom are we buying?

Manufacturing Procurement 92

Manufacturing Procurement Procurement Solutions Procurement Analytics Pricing Training 92

ThroughPut

APRIL 30, 2024

ThroughPut AI: For Making Intelligent Decisions Across the Supply Chain Watch On-demand Demo ThroughPut AI has been recognized as a Leading Vendor in the prestigious 2023 Gartner Market Guide for Analytics and Decision Intelligence Platforms in Supply Chain. The platform primarily helps predict demand and improve customer experience.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

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

Enterra Insights

FEBRUARY 13, 2019

Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support.

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

ThroughPut

OCTOBER 16, 2022

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. Keeping dead stock for longer periods of time (usually beyond 12 months) can add to the dead weight and impact the purchase of similar items in the future, thus hampering overall inventory management efforts.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Supply Chain Shaman

DECEMBER 11, 2018

While there is much hype on DDMRP and the use of orders as a proxy for demand, companies need to remember that orders carry latency: they are out-of-step with market purchase behavior. The transformational wave is slowly transforming the automotive industry from a focus on selling “rides” versus the purchase of an automobile.

Supply Chain Planning Software 202

Supply Chain Planning Software Supply Chain Design Software Modeling Software Supply Chain Network Software 202

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

Talking Logistics

DECEMBER 11, 2014

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

Predictive Analytics Software 204

Predictive Analytics Software Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics 204

Supply Chain Shaman

AUGUST 16, 2015

On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The largest was the purchase of Lawson in 2011 for 2B$. 2) Advanced Analytics.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

ShipBob

DECEMBER 13, 2023

These metrics provide valuable insights into how well your inventory is managed. How to monitor inventory turnover ratio: Calculation: Divide the cost of goods sold (COGS) by the average inventory value. Let’s explore the top indicators of inventory health and see how they can be effectively monitored.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., ERP systems are designed to integrate transactions from finance, human resources, procurement, operations, sales and marketing, logistics, and other functions in a firm.

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

ThroughPut

MARCH 25, 2024

Demand forecasting is the process of predicting future customer demand for a product or service. This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. What is Demand Forecasting?

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

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

Kinaxis

MARCH 6, 2018

Gagan was reporting to the CIO, and the board of directors recently mandated the company embark on a digital transformation journey. Planning in silos, node by node : Finished-goods distribution planning, manufacturing planning and purchase planning were all happening in silos, further adding to the company’s woes.

Agile and Lean Supply Chain 149

Agile and Lean Supply Chain Supply Chain Planning Software Analytics Software Predictive Analytics Software 149

o9 Solutions

MAY 26, 2021

There is a realization that to run an exceptional supply chain, it takes a commitment to leverage data and advanced analytics to make smart, fact-based decisions, while continuously evolving product offerings, supply chain strategies, and execution capabilities. Stijn-Pieter van Houten, both Vice President, Industry Strategy, o9 Solutions.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Modeling Material Savings 52

o9 Solutions

MAY 26, 2021

There is a realization that to run an exceptional supply chain, it takes a commitment to leverage data and advanced analytics to make smart, fact-based decisions, while continuously evolving product offerings, supply chain strategies, and execution capabilities. Stijn-Pieter van Houten, both Vice President, Industry Strategy, o9 Solutions.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Supply Chain Planning Software Optimal Sourcing 52

Jaggaer

MARCH 23, 2020

And most importantly, what augmented analytics can do for you. Read up on How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. Analytics has been with us for some time – more than a couple of decades. And that, of course, includes procurement professionals.

Procurement Analytics 78

Procurement Analytics Analytics Software Procurement Solutions Optimal Sourcing 78

ThroughPut

JUNE 4, 2020

Also in 2015, the global cost of overstocking goods was $470 billion , while the cost of under-stocking was more than $600 billion. With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Demand forecasting. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

Also in 2015, the global cost of overstocking goods was $470 billion , while the cost of under-stocking was more than $600 billion. With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Demand forecasting. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

OptiProERP

MARCH 16, 2022

That isn’t something you can quickly pull together for analysis using Excel or Google sheets. Without accurate forecasting, you are prone to extremes in supply purchases, which can affect relationships with your suppliers. Also, you cannot easily forecast with spreadsheets because you need to look at historical information.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Optimal Sourcing Manufacturing Procurement 52

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 74

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 74

ShipBob

SEPTEMBER 29, 2021

In 2020, global retail sales exceeded $23 trillion and experts predict ecommerce demand to continue expanding. Procuring inventory. Procurement refers to sourcing merchandise on time to meet demand, and it affects the ways your online retail business activities (like sales, inventory management, and distribution) can be performed. .

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

Kinaxis

MARCH 6, 2018

Gagan was reporting to the CIO, and the board of directors recently mandated the company embark on a digital transformation journey. Planning in silos, node by node : Finished-goods distribution planning, manufacturing planning and purchase planning were all happening in silos, further adding to the company’s woes.

Supply Chain Planning Software 111

Supply Chain Planning Software Agile and Lean Supply Chain Analytics Software Predictive Analytics Software 111

Requis

MAY 22, 2020

In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Meanwhile, salespeople for suppliers were trying to work around procurement. When they get it, they have to put it in Excel and clean it, and then put it in a PowerPoint so they can show it to people.

Data 52

Data Manufacturing Procurement Supply Chain Design Software Agile and Lean Supply Chain 52

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. In this post, we take a look at how you can improve your end-to-end supply chain operations and create a seamless workflow to enhance visibility and reduce operational costs.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 52

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

NC State SCRC

MARCH 9, 2016

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 40