Logistics Viewpoints

MARCH 12, 2025

Procurement & Supplier Agreements Traditionally, businesses negotiate procurement contracts manually, issuing purchase orders, invoices, and letters of credit that require human validation. How Smart Contracts Improve Procurement Automated Payments: When a supplier meets predefined conditions (e.g.,

Supply Chain Design Software 264

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Negotiating Skills 264

SCMDOJO

OCTOBER 28, 2024

Procurement People should learn the Sales & Operations Planning (S&OP) Process. Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies.

S&OP 97

S&OP Optimal Sourcing Supply and Demand Material Savings 97

Precoro

DECEMBER 24, 2024

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

Price Reduction 105

Price Reduction Sourcing Strategies Cost Reduction Strategies Expense Reduction 105

ToolsGroup

OCTOBER 14, 2024

Moreover, maintaining optimal service levels while balancing inventory costs is a delicate act that requires sophisticated forecasting and inventory management techniques, underlining the importance of advanced spare parts management solutions.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

Optimal Sourcing 282

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 282

Supply Chain Shaman

FEBRUARY 4, 2025

Process-based companies continue to focus on manufacturing efficiency (OEE) and discrete on procurement (PPV) without designing the supply chain to balance transportation, manufacturing, and procurement to a balanced scorecard. Functional Metrics and the Lack of Alignment to Strategy. The Lovefest with Shiny Objects.

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

Supply Chain Shaman

JANUARY 2, 2023

A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The team was not calibrated on the role of forecasting and the basics around process excellence. What Is a Forecast Anyway? A forecast is not a forecast. Bear with me.

Supply and Demand 391

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 391

Supply Chain Shaman

DECEMBER 28, 2020

The SAS forecasting system implemented in 2019 was not tested for model accuracy. An example for this client would be to use 2017 and 2018 history to forecast 2019. So, I asked the questions, “Is your data forecastable? Data at this level of variability is complicated to forecast.) The reason? The answer?

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Shaman

NOVEMBER 9, 2023

Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Forecast consumption into supply planning based on rules (rules-based-consumption). Translation of the demand forecast into planned orders to minimize manufacturing constraints. Is there value?

Optimal Sourcing 368

Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement Modeling 368

Logistics Viewpoints

FEBRUARY 28, 2022

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. A supply chain planning model learns when the planning application takes an output, like a forecast, observes the accuracy of the output, and then updates its own model so that better outputs will occur in the future.

Optimal Sourcing 354

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 354

Supply Chain Shaman

MARCH 21, 2024

In my first classes, I taught the group how to speak the language of demand—forecastability, Forecast Value Added (FVA), backcasting, demand and market latency, and market drivers. The class discovers the current blackholes of the supply chain (direct procurement and contract manufacturing. Instead, we need to Jump. The So What?

Inventory Reduction 417

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 417

Supply Chain Shaman

APRIL 29, 2024

Don’t run a selection process through procurement or finance. For example, currently, I am surprised on the shifts on forecastability (many companies struggle with the shifts in the market and the decrease in forecastability). Ask peer companies about their interactions with technologists. Listen and learn.

Supply Chain Planning Software 404

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Forecasting Software 404

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 322

Supply Chain Design Software Optimal Sourcing Supply Chain Planning Software Modeling 322

Logistics Viewpoints

FEBRUARY 24, 2025

Production plans might be locked for as long as a month, regardless of how accurate the forecast was. That supply planning application needs to be integrated into an array of internal systems ERP, transportation management, warehouse management, procurement, and other applications.

Supply Chain Planning Software 288

Supply Chain Planning Software Prescriptive Analytics Software Agile and Lean Supply Chain Modeling 288

Supply Chain Shaman

APRIL 9, 2021

This included one-number forecasting, Integrated Business Planning (with tight integration to the budget), labor arbitrage strategies (chasing low-cost labor with extended supply chains), and tax-efficient supply chain strategies. ” This lack of definition limited the success of planning technologies. Belief in efficient procurement.

Supply Chain Planning Software 367

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 367

Jaggaer

MARCH 24, 2025

Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Negotiating Skills 52

Supply Chain Shaman

JUNE 3, 2024

Outside-in Planning Taxonomy When testing planning effectiveness through Forecast Value-Added Analysis (FVA), Inventory Health, or Schedule Adherence, I find that for most clients that I work with, that their plans lack both feasibility and reliability. The collaborative layer is depicted in orange in Figure 1. Makes sense.

Supply Chain Planning Software 356

Supply Chain Planning Software Supply Chain Design Software Modeling Software Forecasting Software 356

Logistics Viewpoints

JUNE 29, 2023

PO Collaboration focuses on maintaining accurate demand forecasts, timely communication with suppliers, and efficient replenishment processes to ensure optimal stock levels and minimize stockouts. Configure to Order: This strategy involves customizing standard products based on customer specifications. Nari Viswanathan is currently Sr.

Manufacturing Procurement 269

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 269

SCMDOJO

OCTOBER 30, 2024

Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects. MTSS platforms facilitate hands-on projects where learners can apply statistical methods to identify trends, forecast demand, and optimize inventory levels.

Supply Chain Planning Software 97

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 97

SCMDOJO

NOVEMBER 20, 2024

Demand Forecasting: We perceive that advancing forecasting methods is essential. They improve demand prediction accuracy, helplessly align production, and procure 14 forecasting methods that can be applied to a business for growth and future improvements. This method is adopted when there is no historical data.

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

CHAINalytics

FEBRUARY 7, 2023

Over the next three weeks, we’re featuring Chainalytics’ and some guests’- (this week we … The post The Ocean Cargo Forecast for 2023: Switching Conditions in the New Year appeared first on Chainalytics. Costs spiraled out of control, while customer needs were affected by elongated transit times and deteriorating service levels.

Forecasting 135

Forecasting Cargo Sourcing Strategies America 135

Logistics Viewpoints

APRIL 10, 2023

Jordan believed that the most important thing that needed to be changed was to make the forecasting process simpler and more dependable. In different product categories, sales forecasts were being changed regularly and the inventory planning team had to react to these whipsaws to the factory orders. When she joined, Ms.

Security 272

Security Supply Chain Planning Jordan Forecasting 272

Enterra Insights

NOVEMBER 14, 2024

If businesses cannot accurately forecast revenue, the organization is not resilient.”[3] These measures help build supply chain resilience — and essential to resilience is not depending on any particular scenario or outcome playing out, but being prepared regardless of the economic forecast and climate ahead.”

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning 130

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.” I know that your primary focus is procurement. I find 80-90% of companies are degrading the forecast through traditional thinking.) Just ask Anna.

Supply and Demand 402

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 402

Logistics Viewpoints

FEBRUARY 20, 2024

Assumptions around demand are in the center here because, unlike all other main components, they are the most difficult to forecast. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. This means that pouring resources into better forecasting will not produce the anticipated result.

Sourcing Strategies 306

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 306

Logistics Viewpoints

MARCH 17, 2022

The same survey indicates that 50% of the retailers are unhappy with their existing technology solutions and are looking to enhance or replace them to bring more diagnostic and predictive capabilities, including: Current demand vs. forecast analysis and rebalancing. Automated forecasting processes. Network cost modeling.

Supply Chain Planning Software 335

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 335

Procurement Academy

FEBRUARY 13, 2025

Supply chain and procurement have undergone a seismic change in recent years. The Need for Supply Chain and Procurement Upskilling The global supply chain and procurement markets have changed drastically in the last number of years.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Buyer Training Supply Chain Planning Software 52

Logistics Viewpoints

JUNE 1, 2021

This requires using advanced analytics to analyze historical demand patterns, link the demand peaks to the promotional offers, and adjust future forecasts based on planned promotions. With the availability of a multitude of tools and digital solutions, all this processing and prediction can be easily automated.

Inventory Management Software 277

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 277

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 283

Supply Chain Planning Software Supply Chain Software Forecasting Software Procurement Solutions 283

Supply Chain Shaman

AUGUST 18, 2022

This large food manufacturer used a popular technology to forecast monthly using orders as an input. In essence, if there was no process or technology, and the company assumed that the last month’s shipments would be the same as the current month, the forecast would be better.) Some streams are forecastable, and some are not.

Supply and Demand 259

Supply and Demand Demand Planning Software Supply Chain Planning Software Optimal Sourcing 259

SCMDOJO

FEBRUARY 16, 2025

From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective.

Optimal Sourcing 72

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Sourcing Strategies 72

Logistics Viewpoints

DECEMBER 2, 2024

It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. Advanced demand forecasting based on machine learning, for example, is a classic example of the use of AI in supply chain management. Then, the tool drills down and looks at real-time performance on late orders or parts.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 280

DELMIA Quintiq

NOVEMBER 17, 2020

From raw material procurement to final product sales, these supply chains’ ability to minimize inventory through product life cycle controls and facilitate prompt product supply is every bit as important as product differentiation strategies. The establishment of efficient global supply chains has become critical to competitiveness.

Optimal Sourcing 296

Optimal Sourcing Manufacturing Procurement Supply Chain Optimization Supply Chain Planning Software 296

Procurement Academy

JULY 17, 2024

However, demand forecasting is key to gaining some sense of control over your business during this turmoil. Let’s examine exactly what demand forecasting is, why it’s important to your business, and look at how it’s already been applied in the real world to guide a major global business through a tough economic period.

Forecasting 96

Forecasting Supply Chain Planning Software Modeling Supply and Demand 96

The Logistics of Logistics

MAY 1, 2024

DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and Supply Chain teams.

Metrics 246

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 246

Enterra Insights

DECEMBER 17, 2024

“Sophisticated predictive analytics tools process sales data, seasonal trends, and market fluctuations to forecast demand accurately. This ensures efficient, cost-effective procurement while maintaining supply chain integrity and quality standards.” ” Inventory optimization. ” Logistics optimization.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130