The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8

Inventory Reduction 227

Inventory Reduction Inventory Inventory Management Software Modeling 227

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Business Spend Management Solutions are Networked .

Supply Chain Network Software 255

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 255

Supply Chain Shaman

MAY 15, 2023

We are trying to assess the value of a network in managing contract manufacturing.) Use of Supply Chain Descriptors Most organizations are locked into functional silos driven by functional metrics. Stuck in a rut, supply chain leaders try to punch their way through a set of conflicting metrics and priorities each day.

Manufacturing Procurement 448

Manufacturing Procurement Optimal Sourcing Agile and Lean Supply Chain Supply Chain Planning 448

QAD

JUNE 25, 2019

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment. Using Metrics to Measure the Health of the Business.

Procurement Analytics 111

Procurement Analytics Metrics Inventory Reduction Inventory 111

The Logistics & Supply Chain Management Society

MAY 18, 2021

In a hyper-connected scenario of the future, entire networks can proactively sense and respond to potential supply chain disruptions. Strategic product segmentation, sourcing and inventory management. Optimize supply chain execution and minimize both delivery time and costs. The same should also be deployed downstream.

Supply Chain Network Software 243

Supply Chain Network Software Network Optimization Agile and Lean Supply Chain Modeling 243

Supply Chain Shaman

SEPTEMBER 3, 2018

Third, they align the interests of all the firms in the supply network so that companies optimize the chain’s performance when they maximize their interests. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. For more on this topic, read the book Supply Chain Metrics That Matter.

Supply Chain Planning Software 317

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 317

Supply Chain Shaman

FEBRUARY 1, 2024

Optimization engines to improve functional metric performance resulted in an exploding number of planners. I would prefer for companies to invest in the building of outside-in processes, supply chain design capabilities, and network automation. Rolling up a perpetual inventory signal takes eleven hours. Think past EDI.

Supply Chain Planning Software 342

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 342

Supply Chain Shaman

JUNE 16, 2014

Despite two decades of advancement in supply chain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. I have learned that supply chain systems are more complex than I originally thought, and that the relationships between supply chain metrics are nonlinear.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Logistics Viewpoints

JULY 10, 2024

Supply chain resilience refers to planning for things that could go wrong and then creating inventory buffers or contingency plans. SCP solutions provide a solid ROI based on hitting targeted service levels with less raw material, work-in-process, or finished goods inventory. Supply planning engines “optimize” the schedule.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 271

Supply Chain Shaman

JUNE 29, 2014

The market for network design tools was growing at a moderate rate, and most of the market had invested in technologies from either i2 Technologies (then termed i2 Strategist) or Logictools. It could no longer be just about inventory levels. As labor costs in China increased, the network needed to be more flexible. The reason?

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Logistics Viewpoints

FEBRUARY 21, 2022

The primary payback for demand and supply solutions comes in the form of reducing the amount of raw material, work-in-process, and finished goods inventory a company needs to carry. A network design model figures out where factories and warehouses should be located. The key solution for this is network design.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 295

Supply Chain Shaman

OCTOBER 11, 2023

We speak about the need to move from a functional understanding to a global, holistic capabilities, but the traditional supply chain leader defines bonus incentives and process performance goals based on functional metrics. Bi-Directional Flow and Value Networks. Measurement. Innovation is slowing. Innovation.

Supply Chain Planning Software 392

Supply Chain Planning Software Supply Chain Software Forecasting Software Supply Chain Network Software 392

Supply Chain Shaman

NOVEMBER 21, 2024

The industry has had little value from digital transformation and business networks. Most of the business networks were hollowed out by venture capitalists or purchased by opportunists. The business network market is in need of innovation.) Yawn and walk on if the answer is i mproving demand error or reducing inventory levels.

Supply Chain Planning Software 367

Supply Chain Planning Software Modeling Software Modeling Supply Chain Network Software 367

Supply Chain Shaman

OCTOBER 29, 2014

The consulting team pitches a theme–vision of supply chain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Companies adopt planning to optimize the organization’s response from the customer’s customer to the supplier’s supplier.

Supply Chain Planning Software 312

Supply Chain Planning Software Modeling Demand Planning Software Optimization Software 312

Supply Chain Shaman

NOVEMBER 21, 2023

The analysis, based on network optimization assumed average loading, and did not account for the swings. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. The metrics were not aligned.

Supply Chain Planning Software 339

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 339

RFgen

NOVEMBER 27, 2024

Forget static network designs and gut-feel decisions. By harnessing the power of data science and analytics, you can gain end-to-end visibility across your entire network, breaking down information silos and optimizing every stage of your operations. Ready to get started? Let’s dive in.

Optimal Sourcing 84

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 84

Kinaxis

SEPTEMBER 16, 2014

While there was always passionate discussions on companies and metrics, the end goal was to raise awareness of supply chain as a practice. While other “lists” use ROA, Inventory Turns and Revenue Growth, I find Lora’s science very objective. There has been so much discussion on the “top” supply chain lists. So, drum roll please….

Supply Chain Planning Software 279

Supply Chain Planning Software Gartner Supply Chain Design Software Agile and Lean Supply Chain 279

Logistics Viewpoints

FEBRUARY 16, 2021

What you really need is full transparency into the impact of this delay, not just on part lead times but how their late arrival will affect all the links in your network ending with your customer. But the opposite is not true – if you optimize one link, you have not optimized the entire supply chain.

Supply Chain Visibility 316

Supply Chain Visibility Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning 316

Logistics Viewpoints

JULY 22, 2021

nodes), flows of the products between origin-destination pairs, and policies (inventory, replenishment, asset utilization etc) with no clear accountability on how the recommendations make their way into planning and execution. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 271

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

Supply Chain Shaman

OCTOBER 22, 2015

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. The Business Problem.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Inventory Supply Chain Planning Software 150

ToolsGroup

MARCH 18, 2019

They also cut inventory levels, grew sales and resolved capacity issues. The second phase involved Mohawk extending their new supply chain improvements out to its distribution network. Establish joint responsibility for inventory to reduce the risk of obsolescence. Their S&OP program, however, was only the beginning.

Supply Chain Planning Software 228

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 228

Logistics Viewpoints

JUNE 19, 2023

However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse.

Supply Chain Design Software 261

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 261

Supply Chain Shaman

JUNE 5, 2013

Mapping of demand streams by demand characteristics and frequent adjustment of the demand engines to improve optimization. Management and planning of the entire network against a value network strategy. Integration of corporate social responsibility metrics in planning. Focus on the level of inventory.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 223

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

Supply Chain Shaman

SEPTEMBER 3, 2015

At the summit, it will be great to network with old friends, and share insights, but there will be no play for me this weekend. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. A heated debate ensued. My Insights.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. This includes optimization and discrete event simulation. It allows companies to evaluate the design of the network. Metrics Alignment. They lack cohesion.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 280

Supply Chain Shaman

SEPTEMBER 17, 2014

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. Aligned Metrics. Supply Chain Design. Strong Planning Capabilities.

Optimal Sourcing 302

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 302

Supply Chain Shaman

AUGUST 11, 2014

We have found that supply chain metrics are gnarly and complicated.During We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement. What have you learned?

Case Study 286

Case Study Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software 286

Supply Chain Shaman

MARCH 27, 2014

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. At the end of the week, we hosted a networking call of the Shaman’s Circle. This is a networking group that meets by phone once a month. The book is now a very worn manuscript. No technologists are invited.

Supply and Demand 282

Supply and Demand Inventory Reduction Demand Planning Software Forecasting Software 282

Supply Chain Shaman

APRIL 1, 2015

I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, Supply Chain Metrics That Matter. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. It is morning in Orlando. The sun is rising. This inbound news adds to the story.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Network Design Software Optimization Software 150

Supply Chain Shaman

JULY 12, 2013

Demand volatility is escalating, product portfolios are more complex, and supplier networks are harder to manage. Use tools like network design optimization and simulation modeling to help people model trade-offs. Next week, I will be writing on my new book Metrics That Matter. Why Does It Matter?

Supply Chain Design Software 266

Supply Chain Design Software Supply Chain Planning Software Modeling Modeling Software 266

Supply Chain Shaman

JANUARY 14, 2013

Year after year, well intentioned people toiled against improving metrics that reduced, not improved, the effectiveness of the supply chain. ERP is valuable to improve transactional accuracy, but I can find no evidence that investments in ERP have reduced inventory or improved cash-to-cash cycles. Metrics comparison of Kellogg Co.

Supply Chain Planning Software 260

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 260

ToolsGroup

OCTOBER 4, 2016

Supply Chain Insights founder and CEO Lora Cecere imagined that in five years a planner will come to work, open a desktop, and talk to the network like consumers talk to Siri. Costa calls their transformation "revolutionary" with significant improvements in operational and logistics metrics and an approximately 10X increase in points of sale.

Supply Chain Planning Software 254

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

Supply Chain Shaman

FEBRUARY 26, 2024

Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

Modeling 207

Modeling Supply and Demand Optimal Sourcing Supply Chain Planning Software 207

Supply Chain Shaman

MAY 14, 2013

This week, at Supply Chain Insights LLC, we published our 11th report in the series titled Supply Chain Metrics That Matter. Active management of value networks and scenario planning makes a difference. When companies look at singular metrics (labor costs or inventory), they have moved backwards. Aligning metrics matters.

Supply Chain Design Software 256

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 256

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric. Reflections. Tonight I am in Frankfurt.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

Supply Chain Shaman

OCTOBER 20, 2012

Here is the list: Supply chain technology implementations have reduced inventory. Here they are: The Lie of Inventory Reduction. Repeatedly, I heard that supply chain applications have saved costs, reduced inventory and improved customer service. ” I played three lies and a truth with the group. The reason? They did not.

Inventory Reduction 262

Inventory Reduction Cost Reduction Strategies Resource Reduction Material Savings 262