Supply Chain Shaman

JULY 31, 2024

My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. In one project, I am interviewing over fifty supply chain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. Reflection A month has passed since my last post.

Supply Chain Planning Software 363

Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software Scenario Planning 363

Precoro

MARCH 27, 2025

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

Cost Reduction Strategies 45

Cost Reduction Strategies Price Reduction Expense Reduction Vendor Strategies 45

Enterra Insights

DECEMBER 17, 2024

. “Advanced AI algorithms analyze historical data to predict future stock requirements and optimize warehouse space. “Sophisticated predictive analytics tools process sales data, seasonal trends, and market fluctuations to forecast demand accurately. .” ” Inventory optimization.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 130

SCMDOJO

JANUARY 23, 2023

If you want to gain more supply chain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supply chain analytics books to help you better understand the concepts and strategies behind this vital business field.

Prescriptive Analytics Software 132

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 132

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. How to Move Forward. Autonomous procurement to track and alert a user to market changes and create procurement activities. Price Volatility.

Prescriptive Analytics Software 272

Prescriptive Analytics Software Supply Chain Software Predictive Analytics Software Forecasting Software 272

SCMDOJO

DECEMBER 5, 2024

Download Free Procurement KPIs Cheat Sheet PDF Key Considerations For Aligning Product Life Cycle There are three essential factors to look into when one is aligning product life cycle that is stated below: Demand Forecasting For Product Life Cycle Forecasting must be done carefully to avoid stockouts and excessive inventory storage.

Inventory Reduction 96

Inventory Reduction Optimal Sourcing Price Reduction Resource Reduction 96

GlobalTranz

NOVEMBER 30, 2021

Let’s take a closer look at how to turn these practices into action. Analytics provides visibility into your transportation network and operations. Analytics and market intelligence that enables businesses to make data-driven decisions is especially valuable for an industry marred with the effects of? Forecast Demand?with?Analytics.

Optimal Sourcing 221

Optimal Sourcing Transportation Rail Software Sourcing Strategies 221

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 predict lead times for thousands of parts and automatically update changes, flagging only those for attention that fall outside of parameters a planner sets.

Supply Chain Planning Software 300

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Enterra Insights

APRIL 6, 2021

The late philosopher Eric Hoffer and the late business guru Peter Drucker shared a common belief about the difficulty of predicting the future. Hoffer wrote, “The only way to predict the future is to have power to shape the future.” Drucker wrote, “The best way to predict the future is to create it.”

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Consider Cyber Security Concerns in the Procurement Supply Chain.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

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.

Supply Chain Planning Software 286

Supply Chain Planning Software Optimal Sourcing Supply Chain Planning Scenario Planning 286

AFFLINK

JANUARY 30, 2025

How Demand Forecasting Can Help with Seasonal Supply Chain Optimization Today, thanks to the power of technology, businesses have plenty of tools to help anticipate high-demand periods. Demand forecasting uses historical data, market trends, and advanced analytics to predict upcoming demand surges.

Optimal Sourcing 48

Optimal Sourcing Supply Chain Planning Software Demand Planning Software Supply and Demand 48

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

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. The chief procurement officer’s workload extends beyond timely purchases and cost-saving measures.

Negotiating Skills 105

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 105

ToolsGroup

OCTOBER 4, 2016

Owyang helped put this in personal perspective when he said his 2 year old daughter would likely not ever need to learn how to drive a car. Streams of data will be pooled, and analytics will make sense of it. Keith Nash of Lennox Residential described how they achieved 99.7% So what about driverless supply chain planning?

Supply Chain Planning Software 254

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 254

SYSPRO Smarter ERP

NOVEMBER 1, 2021

A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them. Leveraging on predictive analytics and data for decision making. Maintaining competitive advantage.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software 111

Supply Chain Shaman

APRIL 15, 2020

I continue to think about the COVID-19 recovery and how to help clients. 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. Another is looking at hospital bed utilization to predict market baskets.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

ivalua

APRIL 12, 2019

Procurement leaders are being given more and more priorities, he said, but there are obstacles in their way that stop them delivering strategic decision making and real value. So, is AI the light at the end of the tunnel for overworked procurement functions? Provide user and “how to” type guidance. Help build a shopping cart.

Analytics Software 176

Analytics Software Negotiating Skills Supply Chain Planning Software Predictive Analytics Software 176

Supply Chain View from the Field

OCTOBER 4, 2015

As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.

Procurement Analytics 60

Procurement Analytics Predictive Analytics Predictive Analytics Software Optimal Sourcing 60

Talking Logistics

APRIL 17, 2018

The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Descriptive Analytics (What happened?). Diagnostic Analytics (Why did it happen?).

Prescriptive Analytics Software 135

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 135

Logistics Bureau

JANUARY 20, 2025

If you were tasked with procuring the best supply chain IT system, what would you look for? AI and Machine Learning – Supply chain systems now have AI for predictive analytics, demand forecasting and real-time optimization – things we couldnt have even dreamed of 10 years ago.

Supply Chain Design Software 74

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 74

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

Supply Chain Shaman

OCTOBER 6, 2013

One of the favorite parts of my job is teaching classes on how to take supply chain concepts to the next level to improve corporate performance. Here I share these insights and recommendations to the readers of this blog on how to get started. Sidestep the planning and analytic offerings. As I teach the class, I learn too.

Supply Chain Network Software 225

Supply Chain Network Software Course Supply and Demand Supply Chain Design Software 225

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Resilinc

MARCH 6, 2025

Learn how to secure aerospace and defense supply chain resiliency with five key areas to note in the National Defense Authorization Act (NDAA) for FY 2025. Heres your guide to NDAA for aerospace and defense supply chainsand how Resilincs aerospace and defense supply chain risk management solutions can help you navigate these changes.

Aerospace 48

Aerospace Pharmaceutical Optimal Sourcing Supply Chain Planning Software 48

Logility

APRIL 29, 2021

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Do you know how your current compliance process is working?

Optimal Sourcing 201

Optimal Sourcing Supply Chain Planning Software Sourcing Strategies Supply Chain Optimization 201

NC State SCRC

FEBRUARY 27, 2018

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. Many executives we interviewed in our research responded “yes”. Absolutely.

Predictive Analytics 40

Predictive Analytics Analytics Software Predictive Analytics Software Analytics 40

Logility

APRIL 29, 2022

Visibility across the entire length and breadth of your supply chain is required to predict and overcome supply chain constraints. This involves top-to-bottom supply chain transparency, data gathering, and putting that data to good use to discover and mitigate predictable risks. How do you do this? Key Takeaways.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Visibility Real-time Visibility Supply Chain Software 195

Supply Chain Shaman

OCTOBER 13, 2022

On this tour, I heard Jeff Ma, a former member of the MIT blackjack team, speak on the use of analytics to make better decisions in “beating the house.” The outcomes are less predictable or clear. The gap between logistics and procurement; and logistics and customer service increases process latency. We are re-writing the rules.

Supply Chain Planning Software 221

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 221

Supply Chain Shaman

APRIL 17, 2013

The market shift is towards analytics, but this new market is confusing. Demand-driven concepts are expansive they extend from the customer’s customer to the supplier’s supplier, but the areas of sales and procurement are often very resistant to the demand-driven concepts. Build What-if Analytics. Why is this happening?

Supply Chain Design Software 258

Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software Supply and Demand 258

SCMDOJO

NOVEMBER 20, 2024

One needs to mitigate these challenges and learn how to optimize inventory. Let’s explore how certain principles can be applied to optimize inventory management: Inventory Management Systems We have a different perspective on implementing an inventory management system. This is a significant and vital issue. Click here!

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

ThroughPut

FEBRUARY 18, 2025

Procurement: Parts procurement considers many factors, including demand, intelligence, risk, compliance, collaboration, delivery, and supplier availability. Procurement: Complex to efficiently process many factors at scale, in real time, and cost-effectively leading to frequent operational disruptions.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

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

Precoro

JANUARY 29, 2024

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 98

ThroughPut

OCTOBER 18, 2024

ThroughPut AI: Best for supply chain analytics and decision intelligence WATCH ON-DEMAND THROUGHPUT AI DEMO With Artificial Intelligence (AI) and Machine Learning (ML), a very powerful force comes into play in your supply chain decision-making processes with ThroughPut AI.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 52

Jaggaer

DECEMBER 13, 2024

What is Procure to Pay (P2P)? Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

SCMDOJO

NOVEMBER 8, 2022

2) Supply Chain Analytics | 22k Subscribers. The Supply Chain Analytics Channel is funded by the Ministry of HRD government of India as part of its National Program on Technology Enhanced Learning (NPTEL). The Supply Chain Analytics Channel is highly detailed and will always be recommended for years to come. Subscribers.

Supply Chain Design Software 122

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