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She wrote, “I have been working in the supplychain for 35 years, and we are still trying to solve the “demand” issue. Solving from a supply side seems to work for many companies I work with. Over the last two years, I actively engaged technologists and business leaders to redefine demandplanning.
The question was, “How can I redefine demandplanning processes to use channel data?” ” The next call was with a technology provider. The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. Bear with me.
Balancing forecast accuracy with inventory management gets more challenging every day. Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supplychain management. This makes it hard to reach agreement.
During summer days, I didn’t mind doing inventory checks in the fridge and freezer because it meant I got to cool down. Given that we are in the age of AI/ML, I often think of how the small deli where I worked was a perfect training ground for applying AI/ML in fresh supplychainplanning.
How are organizations performing on inventory optimization? How can new technologies help your team improve? Inventory: asset or liability? It’s a debate as old as supplychains themselves. For instance, inventory optimization is now a strategic priority for 35% of organizations. New approaches like DDMRP.
For the first in seven years, I was not heads-down preparing for The SupplyChain Insights Global Summit. During this pandemic, sensing market changes, using data, and driving decisions at the speed of business matters more than ever. Tarif issues on Canadian spruce lumber complicate the surge in demand for the building surge.
In my recent Mea Culpa post, I mentioned my prior work on Sales and Operations Planning (S&OP), and the importance of leadership. Leadership and S&OP? If you have walked in the shoes of the supplychain leader, you are probably laughing by now. Sounds easy, right? ” I cringe.
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. The reason?
Nespresso’s complex coffee supplychain. It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. What drove Nespresso’s supplychainplanning project?
Brittle supplychains, fragmented systems landscapes, unreliable and inaccurate data, as well as poorly managed IT and business networks are consistently reported as top concerns, which is why executives are increasingly prioritizing digital transformation.
Let me start by saying that t he process is not a panacea to solve all supplychain ills. For most companies, building a great S&OP process is a missed opportunity. For me, there are ten characteristics that define a great S&OP process: Clear and Actionable. S&OP is a business process.
In a recent research project, we found that 2/3 of companies had a digital supplychain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. SupplyChain 4.0.
ARC analysts have published predictions about supplychaintechnology trends at the beginning of the year in past years. SupplyChain Disruptions Will Diminish, but Remain Substantial. SupplyChain Disruptions Will Diminish, but Remain Substantial. We expect direct impacts to diminish in 2022.
Robotic Process Automation (RPA) refers to process automation that combines process steps with decision models or business rules with little to no human oversight. APQC conducts research on supplychain and logistics to help organizations assess the performance of their own processes and functions compared to their peers.
Supplychain, with its complex planning questions, is typically an area where optimization technology is required. SupplyChain Network Design. Sales and operations planning (S&OP). Sales and Operations Execution (S&OE). Inventory optimization. Read about 5 use cases.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychaininventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Why tell this story?
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. ” Let’s face it all supplychains have error.
ARC Advisory Group has been covering the SupplyChainPlanning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supplychains. Supplychain agility reflects a company’s ability to respond quickly to surges or plummeting demand.
It has led supplychain vendors to discuss how they currently use artificial intelligence. Further, virtually every supplier of supplychain solutions is eager to explain the ongoing investments they are making in artificial intelligence. When it came out, ChatGPT seemed like magic.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
Organizations need to focus on demand driven supplyplanning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). etc) or online promotions (company run or 3rd party). April 3rd, 2019 11.00 AM PST, 2.00
I laugh when business leaders tell me that they are going to replace their current supplychainplanningtechnologies with “AI.” Each supplychainplanningtechnology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
The pace of technological evolution is pushing organizations to the brink. This is more evident in supplychain, where time-tested methods are being replaced with new ones. The groundbreaking technology is transforming how companies manage sales and operations planning (S&OP).
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supplychain resilience. Background The Council of SupplyChain Resilience met for the first time this month. Let’s start the beginning. Think this is possible?
You might consider that there’s a 70% chance of arriving at the airport on time taking the shorter route, but there’s a 30% chance it might take longer due to traffic. This prompts you to plan and choose a route based on these different probabilities and your willingness to accept the risks associated with each option.
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
The world of supplychain and logistics has been plagued with volatility, disruptions, and increased regulations. In this webinar, we will talk about the current status of the supplychain and what the successful and unsuccessful paths forward will look like.
Mi9 Retail’s Demand Management business was formerly known as JustEnough Software. Combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition.
Consequently, everyone asserts they are utilizing AI, and those in the supplychain world are no exception. How will it address “the world hunger problem” in supplychains, particularly in the context of supplychainplanning? How can AI contribute to end-to-end decision automation?
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supplychainplanning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for SupplyChainPlanning Solutions (July 2023).
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
As a supplychain director, you want to ensure that your supplychain network can withstand any disruptions and be optimized for peak performance. The global logistics market is growing, and companies need to prepare for the next generation of supplychain management.
We stubbed our toe in supplychain management at the beginning of the decade. Facing The Issues of SupplyChain Performance. As I work through this year’sSupplyChains to Admire , I cannot help but shake my head. The black veil of the pandemic is a supplychain wake-up call to build better.
The global supplychain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. Regulations may be more of a driver in the future.
Aera Technology offers a solution they call “Aera Decision Cloud” A key challenge for manufacturers is connecting integrated business planning (IBP) – a longer term plan – to operational planning and execution – what needs to be done in the near term. What part of the plan should be executed?
Schneider Electric has been working to simplify its supplychain over the last few years. This French public multinational was selected as having the best global supplychain by a leading analyst firm. Schneider Electric’ssupplychain operation is of great interest to other practitioners.
The unfortunate truth is that you will always have low stock and backorder issues with your supplychain. This brief video explores some of the primary drivers of inventory issues – and how modern technology and best practices can mitigate these issues and ensure a superb customer experience.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article comes from Joan Lim, Senior Manager, Product Marketing at Oracle and looks at the intersection of autonomous supplychains and sustainability.
After finishing the SupplyChains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is SupplyChain Excellence? The seven years of work on the SupplyChains to Admire is part of my quest to answer Keith’s question. Here, in this blog, I explain.
Each year, we compile a list of top-performing SupplyChains, termed the SupplyChains to Admire. This week, while all my friends are on vacation, I am writing the final report for the SupplyChains to Admire. Our goal is to continually redefine the definition of supplychain excellence.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. I am worried.
The guide is “5 Steps to 100% Inventory & Asset Accuracy.” It highlights the use cases, benefits, and challenges of implementing RFID into your warehouse and supplychain operations and finding the right partner to get you there. What's your inventory accuracy? What's inside the eBook?
And how can supplychainplanning help? My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. I am also writing the new edition of the SupplyChains to Admire.
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychainplanning market. Logility, a conservative company supplychainplanningtechnology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
At the end of a long day of a strategy session on supplychain excellence with a client, I needed to fill up some time in an agenda. The genesis of the River of Demand learning activity. Over the last decade, I find fewer and fewer companies understand supplychainplanning. The result? Background.
The industrial sectorparticularly supplychain management, is facing unprecedented complexity. While Generative AI (GenAI) has shown promise, its limitations in planning, workflow automation, and dynamic adaptation necessitate a more sophisticated approach. Colin Masson, ARC Advisory Groups expert on Industrial AI.
In the aftermath of the pandemic, supplychain inadequacies have been revealed in a new and stark light. Most found themselves ill-prepared for the magnitude of disruption in supply and demand, followed soon after by political unrest, labor and material shortages, and sharp inflation.
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