Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Both companies outperformed their peer groups.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

ToolsGroup

NOVEMBER 12, 2024

QKS Group , a global advisory and research firm, evaluates vendors for its SPARK Matrix™ based on two key criteria: technology excellence and customer impact. The QKS Group SPARK Matrix™ offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning.

ToolsGroup 156

ToolsGroup Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 156

ToolsGroup

SEPTEMBER 29, 2022

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Across other retail sectors, customers have increased their trust in inventory availability from 1-7%. In July 2022, IHL and ToolsGroup surveyed U.S. consumer trust in retailers over the last two years as a result of out-of-stocks.

ToolsGroup 156

ToolsGroup Optimal Sourcing Study Groups 156

Supply Chain Shaman

JANUARY 7, 2025

For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? The celebrated group is doing the best on the operating margin, where only 24% rank below their peer group. You are right. How Do You Drive Value?

Optimal Sourcing 326

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 326

Supply Chain Shaman

MAY 15, 2023

If you would like to participate in a current research study, we would love your help and participation in the contract manufacturing study. We are trying to assess the value of a network in managing contract manufacturing.) One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing.

Manufacturing Procurement 447

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 447

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? Do you have whiplash yet?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

JANUARY 7, 2020

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 230

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 230

ToolsGroup

OCTOBER 14, 2024

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.

Inventory Reduction 156

Inventory Reduction Negotiating Skills Optimal Sourcing Cost Reduction Strategies 156

Supply Chain Shaman

APRIL 9, 2021

of revenue on information technology (IT), only six percent of manufacturers drove performance at the intersection of growth and margin. Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Sadly, most of it is the wrong inventory. Despite spending 1.1%

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

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. Today, this network operates with less capacity and ballooning inventories.

Supply Chain Network Software 272

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 272

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. A manufacturing capability is not ubiquitous.

Procurement Analytics 337

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 337

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. John’s company is a process-based manufacturer and Anne’s ERP solution is a better fit for configure to order which leads to limitations. Analyze Root Cause for Order Reliability.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 322

Supply Chain Shaman

NOVEMBER 21, 2023

My client attempted to have a supply chain discussion to improve flow, and his executive group just did not get it. I worked three layers down in the organization for a well-established leader in manufacturing named Dan. Dan had a very manufacturing view and Fred focused on logistics. Sometimes, this is a tough discussion.

Supply Chain Planning Software 337

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 337

ToolsGroup

APRIL 17, 2024

The impact of AI and GenAI extends beyond traditional boundaries, with major tech groups like Google and Apple realigning their offerings to harness its potential. Marcello Pace, CEO of Scarpe & Scarpe , highlighted one such case, showcasing the transformative impact of AI and data in addressing inventory and margin challenges.

Supply Chain Design Software 294

Supply Chain Design Software Waste Reduction Supply Chain Planning Software Inventory Reduction 294

Supply Chain Shaman

DECEMBER 7, 2023

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. The result was restatement.

Supply Chain Design Software 315

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 315

DELMIA Quintiq

APRIL 16, 2021

Boticário Group | DELMIA Customer Video. Boticário Group leveraged DELMIA to enable plant floor operations and drive standardization. DELMIA Webinar on Battery Cell Manufacturing. Retailers must deliver on-time while monitoring inbound/outbound activities to reduce inventory and contain fulfilment costs. See you there!

Supply Chain Planning Software 59

Supply Chain Planning Software Optimization Software Aerospace Gartner 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. Based in Paris, L’Oréal is a global personal care manufacturing company.

Case Study 261

Case Study Inventory Reduction Agile and Lean Supply Chain Study 261

Supply Chain Shaman

JUNE 21, 2023

One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. While companies that supply chain leaders believe are top performers– J&J, P&G, and Unilever– do not outperform their peer group.

Gartner 360

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 360

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 Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. The taxonomies and goals are different.

Supply and Demand 372

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 372

Logistics Viewpoints

AUGUST 1, 2024

In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.

Modeling 263

Modeling Network Optimization Supply Chain Design Software Material Savings 263

Supply Chain Shaman

JANUARY 9, 2024

Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. An average margin of 21% with inventory turns of 1.58 The group is pragmatic.

Supply Chain Planning Software 298

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 298

ToolsGroup

JUNE 17, 2021

Distribution industry supply chains have always been squeezed between manufacturers and their customers; facing increased competitive threats, escalating SKU counts, and expanding ecommerce. Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

ToolsGroup

JANUARY 6, 2022

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. These businesses often collect tires of high quality as spare inventory and do not have the infrastructure in place to sell them. It’s time to re-think how our products are manufactured and distributed.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

Logility

AUGUST 30, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, and The Parker Avery Group, a leading retail and consumer goods consulting firm, announced that they have formed a strategic partnership. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company.

Logility 130

Logility Supply Chain Planning Software Supply Chain Design Software Analytics Software 130

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Which brings me back to Anna. She is a disbeliever.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

DELMIA Quintiq

JULY 27, 2023

Breaking it down task by task Most of you have heard of the term MOM for Manufacturing Operations Management. More often, it’s used in combination with MES (Manufacturing Execution Systems). What is a Manufacturing Execution System? But what’s the difference between MES and MOM and why are these two terms used side by side?

Real-time Visibility 296

Real-time Visibility Optimization Software Supply Chain Network Software Logistics Network Optimization Software 296

Supply Chain Shaman

AUGUST 24, 2020

GXS purchased Inovis, OpenText purchased GXS, Descartes Systems Group purchased numerous assets to form the GLN (Global Logistics Network), and TrueCommerce purchased Datalliance. (If I lovingly call this group the network wannabes. The group meets monthly to discuss and share insights. IBM purchased Sterling Commerce.

Supply Chain Network Software 338

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 338

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). They did it. Examining The Current State.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

Supply Chain Shaman

AUGUST 7, 2019

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. To accomplish this goal, I ask a cross-functional group to audit the past year. As a group, we drill into root issues. Build an industry peer group and gain insights on major trends. inventory turns.

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

Supply Chain Shaman

AUGUST 12, 2020

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. The methodology did not include a peer group analysis, and I strongly felt that chemical, retail, and telecommunications companies should not be compared in the same analysis. Orbit Chart of Lenovo Performance Against Peer Group.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing 111

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling 111

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Many manufacturers struggle to optimize warehouse productivity and attract skilled employees. During Covid-related supply chain disruptions, many manufacturers ran out of warehouse space and began stashing inventory wherever there was room. Group multiple orders. put annual warehouse turnover rates at 43 percent.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

Logistics Viewpoints

OCTOBER 17, 2022

Robust supply plans can optimize across distribution, manufacturing, and logistics constraints and deliver an optimal plan that hits service objectives at the minimum cost. In general, to optimize across distribution, manufacturing, and logistics in an execution time frame, companies need to stitch together several solutions.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Optimization 290

The Logistics of Logistics

SEPTEMBER 26, 2024

Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution. About IPL Group IPL Group helps global firms expand their business into the Latin American market.

Panama 211

Panama America Logistics Network Optimization Software Costa Rica 211

Supply Chain Shaman

SEPTEMBER 5, 2022

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Business continuity continues to be a risk for many retailers and manufacturers. My take away?

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Supply Chain Shaman

JULY 25, 2021

Only four percent of companies outperformed their peer groups. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Lack of Focus on Form & Function of Inventory and Designing Network Flows. How could the industry spend 1.7%

Procurement Analytics 370

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