Supply Chain Shaman

OCTOBER 16, 2023

Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. A shift from functional metrics to a balanced scorecard. I like the use of growth, margin, inventory turns, Return on Invested Capital, customer service and ESG metrics. I write this post as a guide.

S&OP 333

S&OP Supply and Demand Forecasting Supply Chain Design Software 333

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 285

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

Logistics Viewpoints

APRIL 21, 2021

What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated. Third is to deliver on time.

Sourcing Strategies 271

Sourcing Strategies How To Supply Chain Design Software Supply Chain Planning Software 271

Logistics Viewpoints

DECEMBER 18, 2024

The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. Advanced route optimization tools further support these goals.

Optimal Sourcing 143

Optimal Sourcing Material Savings Supply Chain Design Software Supply Chain Planning Software 143

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. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A

Procurement Analytics 339

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 339

Supply Chain Shaman

MARCH 9, 2020

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

Supply Chain Design Software 309

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 309

Supply Chain Shaman

MAY 25, 2024

The use of orbit charts allowed me to see the patterns of performance at the intersection of metrics over time. This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) The second part of the story is that inventory turns for Lenovo are 10.8,

Eliminating Excel in Purchasing 318

Eliminating Excel in Purchasing Gartner Supply Chain Design Supply Chain Strategy 318

RFgen

DECEMBER 4, 2024

Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Waste Reduction Expense Reduction 60

Taulia

OCTOBER 20, 2021

At the same time, companies are paying more attention to the importance of ESG and sustainability objectives in supply chain management, and the role that automation and efficiency can play in minimizing the need for time and resource intensive processes. What is supply chain efficiency?

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

Logistics Viewpoints

JUNE 29, 2023

Criticality of PO Collaboration for Direct Spend Management PO collaboration plays a pivotal role in managing direct spend efficiently. PO Collaboration focuses on maintaining accurate demand forecasts, timely communication with suppliers, and efficient replenishment processes to ensure optimal stock levels and minimize stockouts.

Manufacturing Procurement 214

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 214

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

S&OP 271

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

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Logistics Viewpoints

JULY 23, 2024

Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g.,

Optimal Sourcing 274

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

Logility

MARCH 21, 2024

AI has presented challenges and opportunities for business leaders seeking to leverage its potential across their organizations to improve efficiency and increase profitability. Capabilities of GenAI show the user the data source that corresponds to the answer for each question the user asks.

Optimal Sourcing 225

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 225

Silvon Software

APRIL 29, 2022

Inventory can be a manufacturer’s most important asset. But a large inventory has its own liabilities such as cost to store and insure it, along with the risk of spoilage, theft and damage. The Basics of Inventory Management KPIs. Every inventory KPI needs a clearly defined goal.

Optimal Sourcing 119

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 119

Logistics Viewpoints

DECEMBER 15, 2022

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. ABC Analysis for Inventory Planning : Clustering products that behave similarly highlights issues, challenges, and opportunities for serving customers better.

Optimal Sourcing 220

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 220

Supply Chain Shaman

JANUARY 31, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

RFgen

NOVEMBER 27, 2024

It’s the key to transforming your supply chain from a source of frustration into a well-oiled, profit-generating machine. You’ll learn how to leverage data to streamline operations, reduce costs, improve efficiency, and exceed customer expectations. That’s where data analytics comes in. Ready to get started?

Optimal Sourcing 84

Optimal Sourcing Supply Chain Optimization Modeling Inventory Reduction 84

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. While we will recover quickly in retail (moving from painful shortages to a glut of inventory), the chemical industry–sitting four and five layers back in the supply chain–takes longer to recover. Retail shelves are increasingly empty.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Logistics Viewpoints

OCTOBER 26, 2021

Supply chains must be connected and collaborative so all links can align to business strategy and oriented toward a common set of the most important metrics (and not functional metrics that drive siloed behavior). But to operate at the board level we need to be able to speak the CFO’s language.

Supply Chain Design Software 257

Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software Pharmaceutical 257

Enterra Insights

JANUARY 6, 2021

.”[2] The staff at Advanced Transportation Systems (ATS) adds, “Supply chain management deals with the procedures encompassing sourcing components a company requires to develop its products or service to deliver the end product to customers. If you want to develop a robust SCM strategy, you have to look at the entire ecosystem.

Supply Chain Design Software 190

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply Chain Strategy 190

ThroughPut

FEBRUARY 15, 2023

Why Supply Chain Efficiency and Resilience are Critical to Business Success? No matter how rapidly your business is growing, ongoing supply chain efficiency springs from the core ability of your business to leverage its resources, skills, technology and capabilities to exceed revenue while minimizing costs.

Sourcing Strategies 94

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Inventory Reduction 94

Supply Chain Shaman

JULY 22, 2019

A clear definition of purpose and alignment of business process to corporate strategy is an apparent characteristic of companies that outperform. The broader the definition of end-to-end strategy and the alignment of supply chain processes drives value. The source data for the analysis comes from Ycharts.). Outside-in Processes.

Supply Chain Design Software 254

Supply Chain Design Software Supply Chain Planning Software Gartner Supply Chain Software 254

Logistics Viewpoints

FEBRUARY 2, 2023

Technology’s place in supply chain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. Lastly, this single source of truth for all parties positively impacts customer relationships. But can technology do more?

Supply Chain Planning Software 235

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 235

Logility

AUGUST 5, 2021

But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. For example: Verify your strategy. What are your long-term goals? That’s a trap.

Metrics 130

Metrics Modeling Supply Chain Planning Software Supply Chain Design Software 130

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. This collaboration ensures an optimum balance between technological efficiency and human ingenuity.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Unleashed

JANUARY 25, 2023

In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

Supply Chain Shaman

NOVEMBER 9, 2014

I work with many organizations on their supply chain strategies. The team was organized around the functional silos of source, make and deliver. I also believed that this company would have the best inventory and customer service. My favorites are customer service, operating margin, inventory turns, and ROIC. I was wrong.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

FEBRUARY 7, 2022

Source E2open Shipping Index). As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. Payable terms grew, and the focus on efficient procurement and functional metrics reduced the development of strong relationships across the value chain. Focus on Cost.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Shaman

JUNE 14, 2014

I want to be part of the evolution that helps leaders to redefine strategies based on the changing physics, electronics and capabilities in value networks. I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. 2) Efficient Supply Chains, Not Effective Networks.

Optimal Sourcing 285

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 285

Supply Chain Shaman

SEPTEMBER 28, 2022

Last week, after booking an additional $1B in unexpected supplier costs in the third quarter, the CFO led the company’s focus on restructuring to “support efficient and reliable sourcing of components and internal development of key technologies and capabilities.” What is the issue? So, you might ask, why? Conclusion.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

The Logistics & Supply Chain Management Society

JULY 23, 2020

“When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. Don’t rely on a single supplier at the category level; while it may be a cheaper strategy, the risk is enormous. CONCLUSION.

Agile and Lean Supply Chain 258

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 258

Supply Chain Shaman

APRIL 16, 2014

I have taken myself off the road to write the book Metrics That Matter. On the 2nd of April, I sat before a board discussing how a company could exceed expectations in the delivery of Return on Invested Capital (ROIC) and superior operating margins and fail at the delivery of customer service and inventory. It is a slow week.

Supply Chain Design Software 279

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

Supply Chain Shaman

MARCH 5, 2019

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. When an individual in a strategy session says real-time data, everyone shakes their heads yes.

Supply Chain Design Software 294

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 294

Supply Chain Shaman

NOVEMBER 28, 2016

The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. (As Inventory Turns. Improvement.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

GlobalTranz

SEPTEMBER 23, 2021

As a result, flatbed will grow tighter as 2021 wears on, and shippers in need of flatbed will need to rethink their strategies, such as working with more regional carriers to source capacity and create long-haul moves without necessarily requiring a long-haul driver for every movement. transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308