This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
SupplyChain Matters provides the first of a two-part market education series addressing what we term as broadening the context from warehouse control layer or accelerator to that of supplychainexecution orchestration.
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychainexecutives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.
Supplychainexecution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Strategic product segmentation, sourcing and inventory management. Optimize supplychainexecution and minimize both delivery time and costs.
My last post on the SupplyChain Shaman blog was forty-five days ago. My first focus was on China sourcing. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. China was the source of over 90% of PPE.)
Large, multi-zone distribution centers demand advanced space optimization, real-time inventory tracking, and seamless coordination across multiple locations. Made4net With over 800 customers in 30 countries, Made4net is a global leader in cloud-based supplychainexecution and warehouse management solutions.
If you can’t see what’s truly going on at any moment in time across your supplychain, you’ll make yourself vulnerable to lost opportunities, lost income, lost inventory, lost shipments, and eventually, lost customers. How can you make it all work together and build a better supplychain business, fast?
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. These companies did not realize that profitable agility relies on a bag of capabilities, not simply “visibility.”
Source: Gartner SupplyChainExecutive Conference. Procter & Gamble (P&G) is known for best-in-class supplychain planning. P&G knew that it needed to improve its S&OP forecast quality, while reducing the human effort and inventory needed to meet customer service levels.
It combines decisions across sell, deliver, make and source processes to drive value based outcomes. More advanced supplychain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.
Supplychainexecution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Strategic product segmentation, sourcing and inventory management. Optimize supplychainexecution and minimize both delivery time and costs.
The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.
While there have been numerous examples of how AI can boost profits in supplychainexecution—most notably in the form of autonomous vehicles and smart robotics—the benefits related to supplychain planning have largely been ignored. Machine learning. Deep learning.
Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychainexecutives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
Today we are releasing the results from the 2021 State of SupplyChainExecution Report , which provides the latest market insights around: Will e-commerce growth brought on by the COVID-19 pandemic continue? What are the biggest supplychainexecution/logistics challenges facing shippers and LSPs?
including digital control towers fueled by artificial intelligence (AI), data science and analytics, strategic product segmentation, inventory management, operations intelligence and analysis, strategic sourcing, and effective pricing and promotions management.
Today the stakes are even higher , with the ever-present ghost of disruption rattling supplychains around the world. The better your understanding and management of seasonal stock, the less the specter of supplychain disruption will keep you up at night. Benefits of Effective Seasonal Inventory Management.
From an upstream point-of-view, raw material availability, visibility, sourcing and timing will continue to be the primary areas of focus, particularly with organizations looking to mitigate any new market disruptions. He has a keen interest in digitalization and the value it generates throughout the supplychain.
A new study that the SCRC published with GEP examines the increasing pressure that supplychainexecutives are getting when it comes to responding to supplychain disruptions. In this study, we explore the primary forms of misalignment that exist between supplychain and procurement executives. (We
Supplychain leaders self-assessment of performance during the pandemic period of March 2020-through July 2022. Inventory Is an Egregious Symptom of SupplyChains Gone Wrong. Today, inventory fire sales abound. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories.
Resiliency, which is the ability to withstand supplychain shocks and bounce back quickly, has become the most important requirement for supplychains. Balancing supply and demand by orchestrating the flow of materials and information is a key requirement for managing operational risks.
In fact, supplychainexecutives put demand forecasting and supplychain planning at the top of the list of how they initially plan to use AI. Data Variety The more different types of data sources you factor in (e.g. Increased inventory turns by 25%. weather, social media).
Presented by Blue Yonder customer DHL, Manifest brings together Fortune 500 global supplychainexecutives, logistics service providers (LSPs), innovators and investors. But consider the hundreds or thousands of smaller decisions made across the supplychain every day.
That’s why good supplychain management is so important for your ecommerce operations. An optimized supplychainexecution process can make all the difference. What is supplychainexecution? Supplychainexecution (SCE) processes & tasks. Supplychain planning.
A better forecast leads to carrying less inventory while maintaining or even improving service levels. The improvement in forecasting contributed to an increase in service levels by 10% while reducing inventory investment by 20%. At Coupa supplier risk is also flagged for single source or capacity constraints.
The Cardinal Health SupplyChain Cardinal Health’s medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products. Companies typically expect that inventory levels will drop and service levels improve at the end of the first month. This was a bold and risky move.
Andrea Fabro, Demand & Operations Planning Manager, illycaffè noted – “Our long-time partnership with ToolsGroup helped us deliver a superior consumer experience, even in the midst of the pandemic, and continues to sustain our high standards for customer satisfaction and efficient inventory management across our network.”
At the end of the presentation, I asked Allyson her perspective on open source analytics. This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). We started the pandemic with twenty-one more days of inventory than we had in 2007.
Capabilities such as identifying near-term exceptions that need attention (like capacity shortage, inventory shortage, late shipments) don’t really belong in control towers, they say, but instead are foundational to modern supplychain management (SCM) solutions.
In an uncertain world where supplychain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supplychain visibility they need to keep the wheels turning. ” Maintaining the Right Inventory Balance. economy. .
Second, avoid islands of isolation and limited impact by integrated AI into your supplychain so the results are aligned end to end. One supplychainexecutive told me AI makes him feel a bit like a deer in the headlights, which is why it’s worth stating that you don’t have to embark on this journey alone.
The supplychain is more interdependent than ever. Components sourced in one region are being consumed by demands in other regions. Misalignments with demand and /or supply are costly. David describes inventory as “… dead money, it’s not making money, it’s costing money.” The 5 parts to global capacity planning.
I was driven to find out which supplychain financial ratios really mattered to corporate performance and stock market valuations. The year 2012 marked the 30th anniversary of the use of supplychain management as a cross-functional process for source, make and deliver in the commercial sector. Why did I care?
Ever since COVID hit, supplychainexecutives have embraced supplychain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. SupplyChain Chaos is the New Norm. Do I need more inventory?
It allows you to accurately test the resilience of a complex, multi-echelon, global supplychain. At the recent Gartner SupplyChainExecutive Conference in Phoenix, analyst Marc Halpern clarified three key concepts about supplychain digital twins in his presentation “Busting the Myth of Digital Twins to Deliver Value.”
This results in delays that cause material or inventory shortages that affect both manufacturers and retailers Fulfillment centers that are short of workers can’t keep pace with order fulfillment volumes fueled by eCommerce. SupplyChain Resiliency in the Face of Labor Shortages: A Two-Pronged Approach.
Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supplychains rather than temporary fixes, we believe a comprehensive approach to reskilling supplychain professionals is essential to meet future demands. Establishing policies within the system ensures efficient inventory management.
When companies look at singular metrics (labor costs or inventory), they have moved backwards. Industries that have formed cross-functional leadership teams combining source, make and deliver together have made the fastest progress. Active management of value networks and scenario planning makes a difference.
Since 2004 and with hundreds of locations deployed around the globe, PINC Yard Management System helps the largest global companies to identify, locate, and orchestrate inventory throughout the supplychain predictably and cost-effectively. . The challenges are many and are now top of mind. ” About PINC.
A C-level executive may not intuit the full importance of an accurate demand forecast, but can appreciate the link between forecast accuracy and customer KPIs. A great example of this technique was illustrated by the supplychainexecutives at Findus, a frozen foods company. Source: Gartner (December 2015).
Technology Leader Gives Students Hands-On Experience With AI-based SupplyChainExecution Solutions. Logility recently added onto the experience, allowing students to dive further, learning how to source vendors, issue purchase orders and even track work-in-process and inbound shipments. ATLANTA – Nov. ATLANTA – Nov.
Supplychainexecutives make vital decisions daily. True corporate social responsibility (CSR) requires vigilance and compliance throughout the entire supplychain, and this takes properly analyzed data. Your vendors can be your greatest strength or a source of serious liability.
Yet, the question remains: Is your supplychain mature enough to integrate Generative AI effectively? Visualize the following supplychain scenario: data on forecasting are confined to spreadsheets, updates on transportation are trapped in emails, and inventory levels are locked in databases.
They vastly improve predictive capabilities by deriving insights from huge and diverse data sources including social feeds , weather forecasts and peer reviews. AI technologies have been around in large, expensive mainframe environments.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content