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. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 268

Supply Chain Design Software Optimal Sourcing Modeling Supply Chain Planning Software 268

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. A solution needs to be trained on the right data, on data that has been ethically sourced.” The idea of community was there from the beginning.”

Procurement Solutions 252

Procurement Solutions Forecasting Software Modeling Software Procurement Analytics 252

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. So, my conclusion?

Supply Chain Planning Software 343

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

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 304

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 304

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 247

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 247

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 311

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 311

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.) Go to the source.

Supply and Demand 385

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 385

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. ERP, CRM, SCM), external sources (e.g., market data, weather forecasts, geopolitical factors, events), and IoT devices (e.g.,

Optimal Sourcing 274

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 274

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

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

JULY 22, 2021

While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. For example, forecasts are generated using the past three years of history, implicitly assuming history repeats.

S&OP 271

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 271

Logistics Viewpoints

JANUARY 17, 2023

Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.

Prescriptive Analytics Software 226

Prescriptive Analytics Software Predictive Analytics Software Supply Chain Software Forecasting Software 226

CHAINalytics

FEBRUARY 22, 2022

So, we figured it was time to dust off the old Chainalytics crystal ball and throw our hat into … The post 2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook appeared first on Chainalytics.

Forecasting 119

Forecasting Transportation Logistics Network Optimization Software Industrial 119

ivalua

OCTOBER 22, 2020

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.

Procurement Solutions 147

Procurement Solutions Supply Chain Planning Software Supply Chain Software Forecasting Software 147

Logistics Viewpoints

APRIL 19, 2023

In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated. DC procurement is also automated by aggregating the needs of the MFCs. So how do companies achieve autonomous planning?

Supply Chain Planning Software 256

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 256

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 214

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 214

ToolsGroup

MARCH 17, 2020

Macro events like the Coronavirus crisis trigger demand volatility that affects every link in your global supply chain—from the raw materials you procure to setting safety stock levels to planning logistics and promotions. Use demand modeling to fine-tune demand forecasts. Take advantage of dynamic multi-echelon rerouting tools.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Forecasting beauty products, which are susceptible to a broader sense of what is in or out of fashion, is difficult. Logistics can be a challenge.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 292

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 214

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 214

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 242

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

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. 2) Forecast Value Added. Forecast Value-Added (FVA) is a measurement of demand management improvement. 3) Forecastability : A measurement of the ease of forecasting. Reference Figure 1.

Supply Chain Planning Software 202

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 202

Logistics Viewpoints

AUGUST 16, 2021

Third-party data – One example of the advantage of this category concerns third-party forecast data. Industry and government data can be used to increase forecast accuracy. Collaborative system of record – Some SCCN solutions can serve as the source of truth about a transaction that has occurred on the network.

Gartner 285

Gartner Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 285

Logistics Viewpoints

JANUARY 25, 2024

Workers from picking and packing to planning and procurement are in short supply, stimulating interest in increasing productivity of the existing workforce. It can increase forecast accuracy and provide greater granularity by incorporating additional signals beyond sales history using demand sensing. Global Network.

Supply Chain Planning Software 270

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 270

DELMIA Quintiq

SEPTEMBER 16, 2021

It typically provides a crucial planning function: fine-tuning supply and demand data and forecasts to deliver accurate and timely production plans, throughout the entire production supply chain, that help manufacturers achieve their production objectives and minimize procurement costs [1].

Optimal Sourcing 287

Optimal Sourcing Supply Chain Optimization Network Optimization Optimization Software 287

Supply Chain Shaman

NOVEMBER 11, 2020

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. The Company’s revenue forecast for February 2020 is $335M. Technology innovation in indirect procurement is not relevant to direct.

Supply Chain Design Software 304

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

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. Still, organizations are less willing to test and try technology innovation due to the restrictions and guide rails placed on software procurement and deployment. Focus on Cost. A Decline in Innovation.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Build Strong Supply Chain Sourcing Development Practices. We are to blame.”

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

ToolsGroup

APRIL 11, 2018

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). There was limited alignment between regional forecasts and there could be potentially different planning methods and parameters in each unit. Figure 1 Source: SKF. Figure 2 Source: SKF. Figure 3 Source: SKF. Figure 4 Source: SKF.

Supply Chain Planning Software 222

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 222

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 80

S&OP Optimal Sourcing Supply and Demand Material Savings 80

ivalua

FEBRUARY 25, 2021

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities.

Supply Chain Planning Software 221

Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software Supply Chain Software 221

Logistics Viewpoints

AUGUST 23, 2021

The larger the number of industry participants on a network, the better the solution is at sourcing and onboarding. The LevaData solution, for example, speeds up sourcing significantly. The messages (or collaborative applications) span across Plan, Source, Make, Deliver, Returns/Recalls, and Supply Chain Finance (factoring).

Optimal Sourcing 286

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Modeling Software 286

Logility

AUGUST 31, 2023

In most cases, their legacy ERP or supply chain solutions cannot support the real-time, frequent forecasting and inventory planning needed to get ahead of margins pressures, rising costs, and shifts in consumer demand. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.

Consumer Goods 184

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 184

Supply Chain Shaman

APRIL 15, 2020

My first focus was on China sourcing. China was the source of over 90% of PPE.) This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Explore alternative analytics and data sources to eliminate black holes.

Supply Chain Planning Software 440

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 440

ivalua

JUNE 6, 2022

As we move from using data to report historical information to supporting forecasting, the degree of data required increases dramatically, as does the need for refreshes. This lack of training can be seen in common sourcing activities. The post Is Your Procurement Data Fit for Purpose? appeared first on Ivalua.

Optimal Sourcing 130

Optimal Sourcing Procurement Data Pharmaceutical 130

Supply Chain Shaman

JANUARY 25, 2024

My definition of a network is the bi-directional information exchange of manufacturing, procurement, quality, and transportation signals across multiple tiers of trading partners in a many-to-many trading partner information exchange with minimal latency. Likewise, simplistic sensing of disruptions, to improve resilience is not a network.

Supply Chain Network Software 273

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 273

Logistics Viewpoints

JUNE 3, 2024

Decades ago, the ERP market’s first big differentiator was the ability of the ERP to use a bill of materials to translate a demand plan – which forecasts in units – and then transforms those units into tons of raw materials that needed to be sourced. The BOM transformation creates a feasible plan for procurement.

Supply Chain Planning Software 265

Supply Chain Planning Software Supply Chain Planning Scenario Planning Manufacturing Procurement 265